Intown Atlanta Real Estate Archives

Last updated by Thom Abbott at July 8, 2018.

Brookhaven’s New Zoning Code to Get Public Input

July 7, 2018 by Thom Abbott Leave a Comment

Brookhaven has been working off Dekalb County rules…and have decided it’s time to have their one rules and plans. And there are some interesting new options including Mixed-use districts, backyard cottages and a new Buford Highway Overlay District.

If all goes well with two more public meetings for residents on July 19th at 9am and 6pm, this new zoning rewrite could go before the council in September as the City of Brookhaven looks to set the course for the city’s look and feel for years and years!

Two more public meetings for residents to hear more about the zoning rewrite are set for the July 19. The Planning Commission will also dedicate its July 11 work session solely to going over the draft, according to Chair Stan Segal.

You can read more about the new zoning code in an article in the Brookhaven issue of Reporter Newspapers.

Additional information about the Zoning changes can be found at brookhavenzoning.com

Thom Abbott

I'm a real estate broker living and selling the City lifestyle of Intown Atlanta Communities. From the high rise condominiums of Midtown and Buckhead to the bungalows and traditional homes of Chamblee, Brookhaven and Doraville, I enjoy introducing people to parts of Atlanta and everything they have to offer. I'll help you find the right home in any of these or other exciting Intown Atlanta communities that border Midtown Atlanta and The Gold Line!!

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MyMidtownMojo Makes for a Happy Seller

July 6, 2018 by Thom Abbott Leave a Comment

Just as important as it is to find the right agent when you BUY a Midtown Atlanta condominium, so is it true that you need to have the right person to help you SELL!

Often times we hear of Sellers that choose to work with “well my wife’s co-worker’s husband is a real estate agent” or “there is this girl in our church that we feel we need to help” and while that may sound all fine and well on the outside, you have to know who you choose will get your condo sold…and know the right things to do, at the right time. Or have the right connection.

In working with Jacob, at the last minute, the Buyer’s lender requested a document that really none of us had ever had requested. When I reached out to the HOA of the building, they questioned why the lender need the said document. But, my relationship with the HOA helped us get it to the lender, and keep the closing on track! Whew…..disaster averted! One has to wonder if the “girl in our church” would of had that relationship to help get through a tight spot.

We had the pleasure of working with Jacob when he first moved to Atlanta from Boston in 2016. He found MyMidtownMojo.com and knew he wanted to live in Midtown Atlanta. His job in the medical field required extensive traveling, and the access to MARTA was also a major plus for him. He also had a unique requirement to find a condo home that would accommodate a family heirloom…a pool table that belonged to his father. Not all condos meet that requirement, but we found him the perfect space at Spire Midtown.

Fast forward a short two years to 2018, and a company promotion sent Jacob to Tampa. We again helped him sell his Midtown condo, at a great price, and Under Contract after just 6 days on the market!!

“Thom was great, his local knowledge helped me quickly find what I was looking for to buy, as well as sell a couple years later! When inventory is low, you need someone who will be responsive and timely to act on the market.”

Thanks for allowing us to help you Jacob!!

If you’d like to read more great reviews about our work with both Buyers and Sellers, please visit our Testimonial Page!

And we are ready to help YOU have an incredible real estate experience!

Thom Abbott

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How’s The Atlanta Real Estate Market?

June 15, 2018 by Thom Abbott Leave a Comment

How’s The Atlanta Real Estate Market?

I wanted to share some information regarding the Atlanta real estate market from the recent Case-Shiller Real Estate Report.

The entry-level market has strong demand and very low inventory. There are many multiple offers and values rose faster than other segments.
The luxury market is a buyer’s market with buyers negotiating better pricing and terms.

Mortgage rates are rising slowly which will impact affordability. Metro Atlanta continues to be very affordable relative to other metro areas around the country.

May pending contracts were up .6% from April and up 8.6% from the prior year. May closings were up 11.7% from April and down 1.3% from the prior year.
Year-to-date pending sales units were up 6.5% versus the prior year. Year-to-date closings were up 2.8% versus the prior year.

The Average Sales Price for May was $322,000 – up 3.2% from April and up 6.6% from last year. 2018 is on track to be the highest annual ASP on record.

Inventory for May was up 5.3% from April and down 8.8% from last year.

Overall Months of Supply for May was 2.4 months. Six months is considered normal. Luxury properties took longer with homes above $1 million averaging 10 months and properties over $2 million averaging 16 months to close. The luxury market remains a buyer’s market in many areas.

The Average List-to-Sale Price Ratio was 97% for all price points. Many properties in high-demand areas are selling above list.

The latest Case-Shiller Index for Atlanta (5/29/18) was up .8% compared to the previous month. Metro Atlanta home values are up 73% from the bottom of March 2012. Increased home values are building equity and getting sellers back into the market.

I always, repeat, ALWAYS tell my clients, whether you are a Buyer or a Seller, that the real estate market will be different for you depending on your real estate plan. Are you looking to refinance? Are you looking to purchase an investment property? We look at your specific real estate needs and goals, and then we talk about the market and what will work best for you. This, coupled with a great lender from our Team Lenders, and we will all work together to make your real estate experience a great one!

Let’s sit down over coffee (or an adult beverage) and talk about location, location, location…and how important that is in real estate.

Thom Abbott

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Brookhaven Innovation Academy Unveils New Campus

May 29, 2018 by Thom Abbott Leave a Comment

It was a while back when we probably posted on our Facebook Page, Chamblee Homes and Lifestyles, that the Brookhaven Innovation Academy had purchased property on Shallowford Road, in Chamblee for a new school. The public charter school, founded by the City of Brookhaven in 2016, has rolled out some impressive “first looks” at the new, permanent campus.

Brookhaven Innovation Academy Unveils New Campus Renderings

Located at 3031 Shallowford Road in Chamblee, the school has the potential to have upwards of 540 students. Located on 2.5 acres, the campus would consist of a 71,300-square-foot, 2-story building that would contain academic, administrative, enrichment, maintenance, and multipurpose space along with a media center, student dining …and…a center for exceptional children. That’s a lot going on in that building! Whew!

Here are a couple other renderings:

The location of the school is very close to St. Pius X Catholic High School. It’s a distance between traffic lights at Dresden Drive and the I-85 Access Road. We did not dive into the plans to see what plans there are, but did see mention about turning lanes. We’ll have to see how this all progresses. Here’s the map location of the school:

If you are looking to live close to, or closer to the school location, we’d be happy to help you with your home search. Just contact us and so we can learn about your new home needs, and find the right place for you in Chamblee OR Brookhaven!

You can Search Brookhaven Homes For Sale HERE

You can Learn More About Chamblee HERE

Thom Abbott

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Featured Listing 860 Peachtree Street NE # 1506 Atlanta GA 30308

January 27, 2018 by Thom Abbott Leave a Comment

Featured Listing 860 Peachtree Street, #1506 Atlanta, GA 30308 (MLS# 5955966)

Spire Midtown has long been a favorite of Midtown Atlanta condo buyers. This building was built in 2005, and quickly sold out since there was limited options available at the time for condo buyers. The building still shines, and here is an excellent opportunity for you to call Spire Midtown HOME!

This one bedroom home features fresh paint throughout along with hardwood flooring in all rooms. (Tile in the bathroom of course!) The spacious kitchen is sure to be the start of the gathering as your guests grab a beverage before heading out to the balcony to take in the Midtown and Downtown Atlanta views! Finished with rich wood cabinetry and granite, there is ample storage and counter space. Stainless appliances including the refrigerator remain!

Often times, condo living space does not afford room for a dining room table, but Number 1506 will give you space for a table, along with the breakfast bar. There is also a convenient desk nook off the kitchen where additional storage space could be added above.

Washer and Dryer remain and the condo has a new hot water heater installed. Also a new custom toilet in the bath.

Spire Midtown features a great fitness center, club room with pool table, fireplace and movie theater as well as a pool. Step out the lobby front door, and you will find Starbucks Reserve just across the street, and restaurants in walking distance, no matter the direction you head!

Nearby Piedmont Park hosts numerous festivals throughout the year, and of course you are walking distance from the High Museum and Fox Theater!

To schedule a private showing of this home, contact me! I’m always just a call or click away!

860 Peachtree Street, NE, #1506 Atlanta, GA 30308 (MLS#5955966)

$269,900.00

Interested in this home? Do you want to schedule a showing?

Just CLICK HERE TO CALL ME!

Listing provided by Palmer House Properties

Learn MORE about Living In Midtown Atlanta HERE!

Thom Abbott

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Brookhaven’s New Zoning Code to Get Public Input

Thom Abbott

MyMidtownMojo Makes for a Happy Seller

Thom Abbott

How’s The Atlanta Real Estate Market?

How’s The Atlanta Real Estate Market?

Thom Abbott

Brookhaven Innovation Academy Unveils New Campus

Brookhaven Innovation Academy Unveils New Campus Renderings

You can Search Brookhaven Homes For Sale HERE

You can Learn More About Chamblee HERE

Thom Abbott

Featured Listing 860 Peachtree Street NE # 1506 Atlanta GA 30308

Featured Listing 860 Peachtree Street, #1506 Atlanta, GA 30308 (MLS# 5955966)

To schedule a private showing of this home, contact me! I’m always just a call or click away!

860 Peachtree Street, NE, #1506 Atlanta, GA 30308 (MLS#5955966)

$269,900.00

Interested in this home? Do you want to schedule a showing?

Just CLICK HERE TO CALL ME!

Listing provided by Palmer House Properties

Learn MORE about Living In Midtown Atlanta HERE!

Thom Abbott

Monthly Debt and Obligations Should Include:

Thom Abbott

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