Atlanta Condos For Sale

What’s My Cornerstone Village Condo Worth September 2016 Update

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What's My Cornerstone Village Condo WorthCornerstone Village has long been a “value” option for Midtown Atlanta condo buyers! This is due in part to the community being divided up into 4 buildings, and not having a 24 hour concierge. But, if you purchased in the building post housing crash, then you may be amazed at What’s My Cornerstone Village Condo Worth?

What’s My Cornerstone Village Condo Worth?

As you can see from the report below, that 1 bedroom condo that you may have got for as low as $60,000 out of a foreclosure sale…is now worth $155-168,000!!! Cha-ching!

And the prices of two bedrooms have hit we think an all-time high for this building! You can see a sale this month at $332,000 and on listing for a two bedroom at $339,000. (We have clients that paid $170,000 for a 2 bedroom!)

What's My Cornerstone Village Condo Worth

Cornerstone Village has been a popular choice in the past for parents of GATech students! But with the increase in prices in this building, it has quickly become less of an option for them to consider.

Have You Been Thinking About Selling Your Cornerstone Village Condo?

While this information can be helpful in making that decision, there is no better way than to just sit down across the dining room table and talk about the market, our marketing strategy and how we can help you get your condo SOLD! If you are thinking about selling your Cornerstone Village Condo, give me a call at 770.713.1505. I’d be happy to meet with you and answer any questions you may have.

We have been selling Cornerstone Village since 2006!! We KNOW Cornerstone Village!

What's My Cornerstone Condo Worth

What’s My Spire Midtown Condo Worth? September 2016 Update

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Spire Midtown Atlanta Intown Atlanta Real EstateSpire Midtown was the second in a trilogy of condominium buildings by the Novare Group in Midtown Atlanta. When it entered the market, it sold out in just 3 weeks! (Ah, those were the days…right?)

Spire Midtown is located between 6th and 7th Streets, on Peachtree. The building has seen renovations to the lobby (twice) and to the clubroom area. Plans are in the works to renovate all the hallways.

What’s My Spire Midtown Condo Worth?

Let’s take a look at the activity in the building for September, 2016.

What's My Spire Midtown Condo Worth

We are certainly seeing the prices climb, but also stabilize  in this choice Midtown Atlanta condominium building! In September, 2015, a “17 stack” floor plan sold for just $390,000. The average list price for a 1 bedroom is currently $255,311 and the two bedrooms are at $431,300.

What's My Spire Midtown Condo Worth

Market Report for Spire Midtown Atlanta

Here we can see the current homes that are either pending Due Diligence (meaning inspections, review of condo documents, etc) as well as the homes set to close! (MyMidtownMojo is pleased to be representing the buyer of Number 914!!)

September did not see but one home actually close, but the above numbers clearly show that sales activity is alive and well in Spire Midtown.

Debunking the 20 Percent Down Payment

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Down Payment for Home PurchaseYou’ve been on the fence about buying a home, right?

Maybe I should rent a bit longer?

My biggest challenge is saving that money for that HUGE 20% down payment I have to have…..

Wrong!!

Debunking the 20% Down Payment

According to a recent survey, 67% of home buyers plan on putting at least 20% down on their mortgage. But did you know, you more than likely don’t need a 20% down payment?? You may get a loan with as low as 3% (based on numerous factors)***

There ARE low down payment options available TODAY for you to purchase a home! And remember, these great interest rates will not be here forever, and when they start to tick up, they can quickly change your buying power and what the cost of your monthly payment will be.

If you have been thinking about buying, but afraid you don’t have the down payment….STOP!

The first thing to do is contact a member of our Lender Team!!! They can do a pre-approval for you and discuss your financing options. Of course, the type of home you are buying (condominium or single family) as well as your credit and your current debt will all play a factor in what type of loan you qualify for.

But why not find out your options FIRST? Then you will know if you are on the right track to buy your home, and there is a pretty good chance you won’t need 20% for a down payment.

***TD Bank conducted a survey focused on potential first time home buyers. Survey topics include how soon respondents are looking to purchase, where they would like to purchase, amenities they’re looking for, and how they will finance their home when the time comes. .

How Long Does It Take to Close on A House In Atlanta?

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How Long Does It Take to Close on a House in Atlanta?

Closing process in Atlanta real estateWhen I’m working with both Buyers and Sellers, this is a Frequently Asked Question that comes up! And it’s a simple and complicated question to answer.

First off, the date you close on your home purchase (or sale if the Seller) is certainly negotiable as you present your offer. Maybe you need to move quickly because of a job transfer. Maybe the Seller has not found their new home yet and needs some extra time? See how either of those could impact how quickly you close?

One major factor in the closing process is if you are obtaining a mortgage to purchase the property. THEN,  your lender can have much to say about the process. From the time you go “Under Contract” to closing, can happen in 30 days, but things need to fall in place at just the right time. A key part of this is having your loan pre-approved. Now, you will hear many descriptions of what a pre-approval really is, from both the real estate agent side, as well as the lender side. But ideally, what we are looking for is your loan officer has reviewed all the required documents (tax returns, bank statements, pay stubs, W-2’s, employment letter (if applicable) and has identified anything they feel could be a problem with your loan going through the underwriting process. This is not to say something still could not come up that an underwriter wants more information about.

Appraisal and Condominium Review (If Applicable)

Having this process mostly complete, then leaves the appraisal and potentially a condominium review. The appraisal is the process of the lender having the value of the property determined to make sure the value meets (or exceeds) the contract price. Issues can arise here, and we will talk about those in another post! A condominium review is when the lender submits a questionnaire to the home owners association to learn more about the community. Things like number of rentals, or delinquent hoa fees are looked at to make sure the association is a healthy one.

If you are a cash buyer, these two steps may be by-passed, at your discretion, or guidance from your real estate agent.

Another factor with a mortgage is the new required disclosures and timelines from the TILA-RESPA Integrated Disclosure.  (Warning, that link may be more information that you want to read…but it tells you all the rules!!) These new rules require that the Buyer have the Closing Disclosure 3 days before the closing date. Any delays in the closing process mentioned above, and the closing date is going to get moved.

Based on these factors, it’s still not unreasonable to do a 30-day closing, but we are finding that our lender partners are much happier with 45 days to get the process completed.

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Thomas Ramon Realty can assist buyers in all forms of Atlanta relocation needs including new construction houses, condos, townhouses, for sale by owner homes, residential lots, townhomes, lofts, and new homes in various subdivisions across the Atlanta Metro region. If you are interested in foreclosure homes including, short sales (not found to often anymore), REO properties, bank owned properties and other types of foreclosure properties, then we can assist you.  If you’re searching for an Atlanta home, then we invite you to search any community and view the listings on our site.  And if you’re searching for condos or townhomes for sale in the Atlanta area, feel free to browse our updated listings of Atlanta condos, townhouses, townhomes, lofts on our site.

What’s My Midtown Atlanta Condo Worth | Metropolis Mid Year Market Report

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When you think about selling your Metropolis condo, the first thing you want to know is how much is it worth? And then, how’s the market for Metropolis Midtown Atlanta condos?

What’s My Midtown Atlanta Condo Worth | Metropolis Mid Year Market Report

We’ve not posted any market reports for this year but this will give you an update of what’s happening at Metropolis Midtown Atlanta!

Metropolis Mid Year Market Report

Current Listings

There is currently two 2-bedrooms on the market at $375,000 and $379,000. There are six 1-bedrooms on the market with an average list price of $266,099. (Make note that some 1 bedrooms are actually studio floor plans that have no walls to separate off the bedroom space.)

Mid Year Market Report Metropolis Midtown Atlanta

Midtown Mid Year Market reportSince January 1, 2016, there have been 38 homes sold at Metropolis Midtown!!! That’s pretty awesome!

Some highlights of those sales would be #1031 that was a combined unit with 1,700 square feet that sold for $525,000 and a 2-level Penthouse (#2010) that sold for $650,000.

As for the rest of the building, the lowest price was $165,000 and the highest sale was $375,000. From the active listings we mentioned above, the Sellers are working to push that sales price up!

Metropolis Midtown was the start of the high-rise condo building streak in Midtown! Since it’s construction, we’ve seen the club room be renovated and more recently, all new hallway upgrades including carpet, wall coverings and lighting.

To learn more about this Midtown Atlanta condo building, visit our Metropolis Midtown page! We’d be happy to help you with the sale or purchase of any of the beautiful listings below!

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See all Metropolis Midtown.
(all data current as of 6/4/2025)


FMLS Logo Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2025 FMLS.
Data last updated: 6/4/25 5:16 AM PDT.

Walk Score provided by walkscore.com.

 
 

Getting Into Georgia Tech: 8 Myths Applicants Need To Know

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We’ve had the pleasure of working with many parents of Georgia Tech students that have bought Midtown Atlanta condos for their son or daughter to live in while going to school. But the housing component is just one part of college. First, you have to GET INTO the school…in this case Georgia Tech!

Getting Into Georgia Tech: 8 Myths Applicants Need To Know

Georgia Tech Off Campus HousingIn an article in the AJC by Maureen Downey, she asks the 8 myth questions to the Director of Undergraduate Admissions, Rick Clark. We’ll list her statements here, but to get the answer, please click on the link to the article at the bottom of this page.

It is easier to get into Tech if you live in rural Georgia. Conversely, it is harder to get into Tech if you attend a metro powerhouse school, such as a Walton or a Lambert, from which many top students apply. 

It is easier to get into Tech if you apply for an under-subscribed major and avoid the high demand ones such as computer science. Colleges claim your major doesn’t matter, but, if so, aren’t schools at risk of being overrun with finance and business majors? 

GATech Off Campus HousingEven though the ACT has four parts, science, math, reading and English, Tech admits based only on the math and English scores. So, a student may have a composite score of 33, but could be rejected because of lower scores on the math and English portions. So, students should not worry about the science and reading portions of the ACT and concentrate on the math and English.

Everyone knows someone in Georgia with a strong SAT/ACT score, a 4.0 GPA and lots of activities who did not get into Tech. Why would such a candidate be denied admission?

Tech says it superscores SAT and ACT, but don’t admissions counselors really look at all the scores?

Tech cares a lot about how a student performs on the SAT and ACT.

Class rank doesn’t matter because while public schools still rank students, most private schools do not.

Tech is admitting more foreign and out-of-state students as they pay full freight and that helps compensate for the deep cuts to higher ed by the Georgia Legislature. 

To see the responses from Georgia Tech, click on “Eight Myths About Getting Into Georgia Tech: What Applicants Need to Know.”

If you HAVE been accepted to Georgia Tech, and are looking at your housing options, off-campus housing may still be an option for you to consider. The prices have dramatically risen, but if you purchase a 2 bedroom, and have roommates that pay you rent, you may actually come out ahead. It’s certainly something to consider!!

Contact us for more information about Midtown Atlanta Condos and Georgia Tech off campus housing.

 

Thom Abbott

Associate Broker, REALTOR(R)
905 Juniper Street, NE Suite 110
Atlanta, Georgia 30309
770.713.1505 Direct
404.876.4901 Office

 
 
 
 
 
 
 
 
 
 

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