Renovated Inman Park Bungalow :: 1069 Colquitt Ave :: Intown Atlanta LIving
Porch LIfe :: 1069 Colquitt Avenue :: Inman Park Bungalow
1069 Colquitt :: Living Room :: Intown Atlanta Living
Renovated Kitchen :: 1069 Colquitt Avenue :: Intown Atlanta Living
Den open to Kitchen :: 1069 Colquitt Avenue :: Intown Atlanta Living
Inman Park Bungalow Home for Sale | 1069 Colquitt Avenue | Atlanta, GA 30307.
This 1920's bungalow has all of the period charm combined with updated kitchen and bathrooms. A beautiful front yard with professional landscaping welcomes you to the large front porch which is the perfect spot to sit and visit with the neighbors. Home features an entry way into a large living room with one of three decorative fireplaces in the home. Floors on the main level are heart of pine hardwoods and the ceiling height is 9'+. There is a front living space - perfect library or music room or office! The room has amazing light and a beautiful bay window and a fireplace. The dining room is large and opens to the living room and the library. There is a beautiful butler's pantry opening to an amazing renovated kitchen. There is a large laundry room with storage. The kitchen has been renovated and has amazing light with great design for multiple cooks. The countertop is marble and the backsplash is a stainless steel. Jen Air gas range is not only beautiful but great to cook on! The kitchen has a built in wine rack and a huge bar that seats 3-4 people. The den is the perfect spot to watch football. The home opens to a large rear deck and access to the back yard and parking. There are 2 bedrooms including the master on the main floor. The master suite is large and has a charming bathroom with great light - skylight - and separate shower and claw foot tub. Walk in closet has great built-in's for maiming the space. The second bedroom also features walk in closet with built-in organization. Upstairs there is a 3rd bedroom. There is great storage and space for a bathroom. Presently upstairs uses a window unit but the room could easily have a unit of it's own. Parking for the home is off of an alley way (on Sinclair Avenue) and features an automatic gate. There is parking for 2 cars and a car port.
Looking for more pictures of this Inman Park Bungalow? 1069 Colquitt Avenue, Atlanta, GA 30307 You Tube Video1069 Colquitt Avenue, Atlanta, GA 30307 Virtual TourMary Lin Elementary | Inman Middle School | Grady High School | Inman Park Neighborhood Association | Inman Park PoolSearch for Homes For Sale In Inman ParkWhat's my Home Worth?Market Stats for 30307
Mortgage interest rates are on the rise. In the past few weeks, interest rates have ticked upwards. The raise in the interet rates hurt for sure: it reduces the amount of house many buyers can afford. My buyers and have sellers have felt the sting. Reality is that we had historically LOW interest interest rates and they couldn't last forever below 4%.
So where are they going? And how is the real estate market going to be impacted?
Lawrence Yun, the chief economist of the National Associaton of Realtors, had the following points:
Anticipates hitting 5% by mid year 2014 & may climb higher in 2015
improvements in underwriting loans as they return to less restrictive requirements
Yun estimates that 15-20% MORE households are qualifying for safe, affordable mortgages with conventional financing (Loans up to $417,000) with credit scores of 720 or above. (In recent years the credit score needed to be 760-770)
FHA Loans - credit scores of 660 (prevously was 680-700)
Freddie Mac & Fannie Mae have greatly improved their performance & are starting to turn profits. Hopefully once they have repaid tax payer funds they will reduce some of these fees
It's important to remember as mortgage interest rates rise, they are still low and it is a great time to buy a home.
The year to date numbers for sales are out for June 2013 from the First Multiple Listing Service (FMLS). There has been a continued increase in the average sales prices while the active inventory & sales have continued decline. The average sales price for single family homes has increased 29% comparing YTD June 2013 to YTD June 2012. For the same time period - attached homes have increased 30%. Year to date sales for June 2013 vs same time period in 2012 - single family homes have decreased 4% an attached homes have decreased by 1%. Active inventory has decreased 34% for attached homes and 17% for single family homes.
I am not surprised one bit at the increase in average sales prices. Limited availabilty of homes for sale coupled with a high demand of buyers has brought us multiple offers. We have been seeing multiple offers since Late 2012 many of them going over the asking price to win the home. Multiple offers are great for sellers because they can choose their highest and best offer. Multiple Offers can be frustrating for the buyers because a great bid - even one over asking price doesn't always yield the win and that is always frustrating.
One HUGE point needs to be said about the above numbers. The stats above all include homes listed and sold through the FMLS. In the past 8 to 9 months - many homes have never made it to the FMLS which would be an argument for higher sales than reported above. It is common in new construction for homes to not be reported to FMLS.
The Metro Atlanta real estate market continues to be on fire. Inventory remains low and buyers are buying. We've been experiencing multiple offers and properties in these cases, often sell OVER asking price.
Comparison of Average Sales Price:
Single Family Homes - $201,653 Feb 2013 vs. $152,317 Feb 2012
Condos/Townhomes - $164,647 Feb 2013 vs $120,977 Feb 2012
Inventory Levels for ALL property types:
Feb 2013 - 24,026 vs. Feb 2012 - 35,773
It is a GREAT time to sell. Inventory levels are LOW and buyers are BUYING. Even if you have tried to sell in the past 12 months, the market has changed and properties are selling. If you are interested in selling - call 404-604-3170 and let's talk. And even if you are just curious about the market - let's talk!
ZIP CODES - Curious as to what is happening in your zip code? Stats for select zip codes:
30305 3030630307303083030930312 3003030032Want to Sell Your Home? Want to Buy A home?Intown Atlanta Living | Leigh Hays, Realtor - Experienced in Intown Atlanta Sales Since 1996
799 Inman Mews Drive, Atlanta, GA 30307 is listed for sale for $240,000!
This gorgeous Inman Park townhome is an end unit & features 2 bedrooms, 2.5 baths bonus room - all in an open living plan. There is a 2 car garage - tandem parking - and tons of space including a finished bonus room which is perfect for an office or a music room (not all of the towhomes feature this space!). The main living level is all hardwood floors - tall ceilings - 9' with great molding throughout. Large living room opens to a private deck. The kitchen is in the center of the home and is open to the dining room and living room. Owners have added a great big walk in pantry that maximizes the space under the stairs. And can you have too much storage?! Dining room opens to kitchen and has great space for eating & entertaining. Upstairs are 2 bedrooms with their own private baths and large closets. The master suite is over-sized and sure to please. There is room for a sitting area. The bathroom has two sinks and seperate tub and shower PLUS great storage. The original owners have loved the home and taken great care of it.
Inman Mews is a great townhome community and was built in 2001. It is one of the only gated properties in Inman Park. The community is very engaged and active. They have movie night outside and often volunteer for Inman Park neighborhood activities & dine outs together.
Home is just 2 blocks from the Atlanta Beltline!
Inman Park Townhome | 799 Inman Mews | Intown Atlanta Living | Leigh Hays
The Atlanta Business Chronical recently published the 2012 top 130 ZIP codes by average sales price. The data is for single family homes only and generated by RealValuator/Bridge Interactive Group, LLC. According to ChartMaster Services which pulls data from the First Multiple listing in Metro Atlanta the median sales price for the end of 2012 was $179,900.
Great buy on Morningside home listed for sale: 1235 Spring Valley Lane, Atlanta, GA 30306. This renovated 2300 s.f. home features 3 beds and 2.5 baths and is listed for $425,000. Kitchen has been renovated with new cabinets including selected glass front cabinets, granite countertops with travertine tile backsplash, stainless steel appliances. The kitchen is large and easily can handle two or three cooks in the kitchen. Main living floor plan is open and features a living room, large dining room, den with wood burning fireplace, breakfast room, 1/2 bathroom, 2 bedrooms and a full bath. There is a large mud room/laundry room with great storage. Running almost the entire length of the rear of the home is a deck. Large deep lot is private and offers sun and would be a great place for a garden.
Upstairs this home has a private master suite complete with a loft space that is perfect for an office or a sitting room. The bedroom is oversized and can easily accomodate large bedroom furniture - king size bed and a sitting area. The master has 2 large walk in closets and each one has built-in organizers. The master bathroom is bathed in light from the windows and skylight. Bathroom features 2 sinks with great cabinet storage, granite countertops and fresh modern mirrors & fixtures. There is a large whirl pool tub and a large walk in shower. The bathroom tile is travertine.
Home has been renovated and includes newer energy efficient windows, new duct work in the attic space, a one car garage with a new garage door. Wireless alarm system has been added and much more! Home has an amazing location in Morningside and is just a quick walk to the Morningside Farmer's Market, shopping and resturants!
Morningside Home For Sale | 1235 Spring Valley Lane, Atlanta GA 30306.
Morningside Home Owners AssocationBriar Vista Elementary | Druid Hills Middle | Druid Hills High School
Atlanta Public Schools: Capacity Survey for Potential Rezoning of Neighborhood Public SchoolsIf you live within the Atlanta Public School district – now is your chance to be heard on the topic of the potential rezoning of neighborhood public schools. With classes and schools filling up to capacity, there will be changes on the horizon be it school expansions, rezoning, or larger class sizes. Here is your chance to participate in the survey – APS: Capacity Survey or try this one which connects you through Facebook - APS:Capacity Survey | Facebook. You do NOT need to have a child attending school to respond. Renters are also encouraged to fill out the survey.Take a minute – complete the capacity survey and let your voice be heard on the potential rezoning of neighborhood Atlanta Public School. Atlanta Public School
Inman Park located in Atlanta, GA is just 2 miles east of downtown Atlanta. Inman Park is Atlanta’s first suburb & one of the Nation’s first garden suburbs. The neighborhood was developed in 1880’s by Joel Hurt who believed people should live in a country-like setting but still close to the business district. He insisted on large lots, curving streets, and parks throughout the neighborhood. With his help, the residences were connected to the 5 Points business district via a trolley system. The Trolley Barn which was the stop in Inman Park still available for rent for events & weddings.
Historic Inman Park or HIP to its friends, is listed on the National Register of Historic Places, Inman Park home styles include Victorian, Queen Anne, Dutch Colonial Revival, American Four Square, Craftsman bungalow, Shotgun home, Italianate Townhomes, condos, and lofts. You will find new construction homes alongside of the older homes. There are historic guidelines for renovation and new builds helping keeping the neighborhood’s roots tied to Hurt’s vision.
Inman Park proudly calls itself “Small Town Down Town” – having kept the community feel of a small town while being located in a HIP urban location. Active community involvement from the neighbors of Inman Park have built and sustained a thriving neighborhood association – Inman Park Neighborhood Association (IPNA) as well as the creation of Inman Park’s Security Patrol in cooperation of Atlanta Police Department. One of the best festivals in Metro Atlanta is the Inman Park Festival held each spring at the end of April.
Inman Park makes good use of its tree lined streets & sidewalks and features numerous restaurants, shops and parks – all within walking distance. Inman Park has a Marta station and the Atlanta Beltline project also runs along the corridor of the neighborhood. Freedom Park runs through the neighborhood and links Inman Park to adjoining neighborhoods.
A great place to live: Inman Park Neighborhood | Atlanta, GA
