Atlanta Condos For Sale

Atlanta Condos For Sale | Viewpoint Midtown Atlanta

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Viewpoint Condos May 10, 2015Soaring some 36 stories above Peachtree Street, meet Viewpoint Midtown Atlanta. Located on Peachtree Street, between 6th and 7th Streets, the building has been joined by Skyhouse South, an apartment building located on the Southeast corner (6th and Juniper Streets) and now under construction, Seventh Midtown which is at 7th and Peachtree Street. 

The building has 378 homes, ranging from one and two bedroom homes, to unique floor plans that offer an additional den/office space. There have been a couple homes that have been combined as well. 

Viewpoint Midtown Atlanta has figured out just what the Midtown Atlanta condominium buyer wants in both a home and a building! From the moment you enter the Viewpoint Midtown lobby with its striking white floors, red carpet and water feature to the rich woods used throughout the building, Viewpoint Midtown defines first class, urban living at affordable prices.

Potential home owners have a choice of granite and cabinetry, depending on the floor. Upgraded tumbled stone back splashes create beautiful kitchens. Floor plans range from 600 to over 1200 square feet in a variety of one and two bedroom options.

Viewpoint Condos May 10, 2015Perhaps Viewpoint Midtown’s most unique feature is the resident amenities, located on the 11th Floor. Split by the residential tower, one side is a resort-style lap pool, including a wet bar, grilling bar and plenty of seating. The other side of the 11th Floor amenity is a notable “zen garden in the sky.” There is an outdoor living room with its own fireplace and flat screen TV (a pretty cool place to hang out!) two additional grills and a tranquil reading area with a peaceful water feature.

The Viewpoint Midtown Club Room anchors the amenity area with a movie theatre, pool table, comfortable seating areas and a beautiful bar and catering kitchen area.  Located on the 12th Floor, the Fitness Center is…well…awesome! The cardio area features individual TV’s on every piece of equipment, or enjoy a view all the way to Stone Mountain from the picture windows. There’s weights on the other side of the center, and a stretching area. The Club room has a sound system whereby you can plug in your OWN iPod in the docking station, or there are numerous high definition plasma TV’s.

Viewpoint Midtown Atlanta Pool May 10, 2015Speaking of technology, Viewpoint Midtown is one of the most advanced towers in Atlanta. From high-speed Internet access, pre-wiring for surround sound and iPod docking stations, your technology needs are covered. Of course, the security and safety that Novare buildings are known for continues at Viewpoint Midtown.

Whether you are enjoying the view through your floor-to-ceiling windows, from your spacious balcony or from the pool or Zen Garden, Viewpoint Midtown is a Midtown landmark you’ll be proud to call home.

To learn more about purchase opportunities at Viewpoint Midtown Atlanta, click here to search for homes. Or contact us below and we’d be happy to tell you all about what homes are available in this Midtown Atlanta condominium building! 

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Why Is Midtown Atlanta Inventory So Low?

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Why Is Midtown Atlanta housing inventory low April 7, 2015This is a question/challenge I face daily when working with Buyers that are looking to purchase a Midtown Atlanta condo. After viewing properties in an afternoon, the question often comes up, “Is that all we are going to see?” My reply is often, “That is all there IS to see!”

Why Is Midtown Atlanta Inventory So Low?

I’ve attached a link below to an article that recently appeared on the website Inman News which is real estate news for real estate agents. Always good stuff and very informative. However, as I am sure you have heard, real estate is local, local, local. So while this article gives you that 30,000 foot view of the market and conditions nationwide, I wanted to touch two points that relate to Midtown Atlanta…

Value Disruption/Reset in 08/09

As the article states, between 2007 and 2010, we saw a major change in values in Midtown Atlanta. Condos that originally sold for $350,000 were selling in foreclosure for $190,000!  Prices have returned to the higher values, so those that purchased at the high price, may now finally be able to sell their condo and not be “under water” in terms of the value. Those that snapped up at that $190,000 certainly are ready to move, but….

SQ5 Under Construction April 7, 2015Where Would I Go? (Move Up) and Stunted New Development

A quick glance at the Midtown skyline gives one the impression of “Wow, look at all those new condo buildings going up!” Ahhhh…not so fast. All those cranes you see are producing a bumper (maybe even an excess) crop of rental apartments, NOT condominiums For Sale! For the Midtown Atlanta condo buyer, a primary reason for a move, is to move into the latest and greatest new building. But what do you do, or where do you move, when you don’t have ANY new buildings?

Current Midtown Atlanta condo construction is limited to a couple buildings and townhome developments and those prices start in the $700,000 range. That might be a bit more of a “move up” than many buyers can afford.

So, when we are out looking at Midtown Atlanta condos for you to purchase, it’s not me giving you any kind of “salesperson pressure” to make a decision. It’s the market telling you, make that offer now, or it may be gone while you think about it.

Here is a link to Why Is Housing Inventory So Low?

When Should I Sell My Atlanta Condo?

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In real estate, I often wish I had a crystal ball. It would make it so much easier for myself and everyone of my clients. I could just look into it, glance up and say, “List your condo on March 2, 2015 at 1:45pm and a Buyer will find in 10 minutes later and it will be sold in 21 days.”

But, that is not the reality of real estate, is it? I have to rely on hard work, good marketing and my knowledge of what is happening in the market. Those things, combined with you being ready to place your condo on the market at a price that makes market sense, will bring that Buyer to our door.

When Should I Sell My Atlanta Condo?

But, the Buyer has to FIND something to buy! And inventory is at an all-time low! In Midtown Atlanta for example, all the construction cranes you currently see are for rental apartments, NOT for new condominiums! Yes, there is a chance they might convert in the future to For Sale homes, but if construction is underway, they most likely do not have the type of financing that will allow for a conversion right away. (NOTE: One new building, Seventh Midtown at Peachtree and 7th Streets is new construction condominiums…..prices start at $739,000 for a 2-bedroom home)

So, here are two graphs that clearly indicate the problem….

Buying Midtown Condos

So, the Buyer’s are out there….and they are looking. But what do they have to look AT?

 

Condos For Sale Midtown Atlanta

While these are national stats from the National Association of REALTORS, they still reign true in Atlanta condos! Many buildings that I work with, have as little as 1 or two homes For Sale, and there are some that have nothing listed for sale! Nothing!

If you are “on the fence” as to whether this is the time to sell, let’s talk. Sure, there are other factors we have to consider if you are going to sell your home! When did you buy? What did you pay? What are homes selling for now in your building? The answers to some of these questions might truly say it is NOT the time for you to sell.

But having a conversation and talking about all these factors is the only real way to know what is right for you.

My phone is right here next to me.

Atlanta Condos For Sale | Consequences of Overpricing

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Overpricing Atlanta Condos For SaleEveryone wants top dollar when they sell their home or condo. Every little bit the price is lowered comes right out of your pocket….I get that as your real estate agent. But when we sit down during our listing consultation and talk price, there is something to be said when we overprice your home. There ARE consequences for our actions!

Atlanta Condos For Sale | Consequences of Overpricing

When a buyer contacts me about buying an Atlanta Condo For Sale, most likely they have already spent weeks, if not months looking on-line and doing comparison shopping. Many times, they even come to me with a list of condos they have identified they want to see. So, if your condo is priced at $365,000, and is should of been priced at $350,000, you probably lost that buyer. NOT good!

But here are some other results of being overpriced:

  • Overpriced properties become “stale” during those crucial first weeks on the market. Reducing the price later may not ignite the market interest in your home.
  • Overpriced properties won’t be shown to the prospective Buyer. Take the example above. If the Buyer’s agent has a buyer pre-approved for $350,000, they most likely  hopefully won’t be trying to squeeze their Buyer into a home they are not qualified to purchase.
  • Overpriced properties just help sell everything else. Yep, pretty much.
  • Overpriced = longer time on the market.
  • The longer a property is on the market, the lower the offer may be. “You’ve been on the market a long time Mr./Ms. Seller…you must be desperate now to sell. Here’s our low offer.”
  • Last, but not least…..the appraisal! Ultimately, the house or condo has to appraise if the buyer is getting a mortgage.

If your home or condo is priced right, is should sell quickly. This is not a bad thing!!! Many sellers think that a quick offer and sale on their home means they should have asked for MORE! NO! It sold quickly because we priced it RIGHT! 

If you are looking to sell your Intown Atlanta home or condominium, I’m here to help!

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Midtown Atlanta Condos For Sale | How Can I Improve My Condo’s Value?

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What is my Midtown Atlanta Condo worthWhen I meet with prospective Sellers, part of our discussion is always about what they can do to make their condo “stand out” from the rest. Even in a market when inventory may be limited, if your condo does not show well…well it won’t sell well!

But let’s rewind to when you first bought it. (This IS important, in case you happen to be reading this as a recent Buyer, or your plans to sell may be off in the distance.)

Midtown Atlanta Condos For Sale | How Can I Improve My Condo’s Value?

Most Midtown Atlanta condos look like they did when they were built. Seriously. Most buyers have never changed or upgraded anything in the condo they bought. Especially if they purchased it as new construction. But now that the condos have some years on them, some easy things you can do to make your condo stand out include:

  • New and different granite counter tops — something that will make your condo “pop” from the others. A majority of the kitchens are not that large and so the cost of the granite may not be that expensive. This applies to the bathrooms as well
  • New and different kitchen backsplash. Every condo seems to have a black tile back splash. See how great things look with a different color! That said, be careful not to go wild and crazy or that could work against you.

But in the short term, let’s say you want to list your condo for sale in the next 30-60 days. Here’s some things to do:

  • Paint. If your walls are scuffed, or you have not painted since you moved in…do it. The fresh paint (and smell) will give your condo a new feel
  • Make sure everything works. You might consider getting a pre-listing inspection done by a home inspector. Why not find out all the little things that might come up during the Buyer’s inspection, and take care of them NOW!
  • The video below mentions landscaping, which certainly applies to a single family home, but not so much a condo! But you can “landscape” be decluttering your condo. If you’ve got lots of winter (or summer) clothes, books, or other stuff, consider a short term storage unit to place these things in. Space (especially closets) can be a premium in a condo, and you want to show them you got it.

I’m happy to meet with you after we list your home to make sure we have highlighted these things. I also recommend having a home staging company come in and help arrange your furnishings to make the most of what that potential buyer will see when they walk through the door!

If you are considering selling your Midtown Atlanta condo, let me know! I’d be happy to meet with you and talk about the market in general as well as what is happening in your particular building.

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Atlanta Condos For Sale |Lizzie Chapel Flats Inman Park

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Atlanta Condos Lizzie Chapel FlatsUpdate – April 2019 —

Lizzie Chapel Flats sold all homes (6 of them) at prices ranging from $629,900 to $749,900. Unit 201, which originally sold for the $749,900 price was on the market in 2018 for $840,000 but there were no takers, and the home was taken off the market.  Considering they were to originally spend around $935,000 to create the new units, there was a nice return on the investment! 

 

Looks like another small, but unique condo option will be appearing on the Atlanta condo market in the near future!

What Now Atlanta reported that plans have been filed for the Lizzie Chapel Baptist Church in Inman Park.

Atlanta Condos For Sale |Lizzie Chapel Flats Inman Park

Karios Development will convert the historic church into 6 individual condominiums. “Located in one of intown Atlanta’s most popular neighborhoods, Lizzie Chapel Flats is a restoration and renovation project converting an historic church into six distinctive condominiums,” according to Kairos’ website.

The story reports that some $935,000 will be spent to build out the 6 homes, at roughly 2500 square feet each.

There is a web site for the development -minus any information about the development at LizzieChapelFlats.com

The location will be an awesome one…easy walking distance to the newly opened Krog Street Market as well as the Atlanta Beltline.

Where Are Lizzie Chapel Lofts

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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