ATL, Hotlanta, A- Town… whatever you want to call it, this city is one of the country’s finest destinations for young professionals! Known for its southern hospitality, diverse music culture, and sports teams, this city offers its residents a variety of reasons to call this place home.
So how about its real estate market? In July, Atlanta reported its strongest month in 2015 and best month-over-month performance since 2011. According to Trulia, Atlanta’s median sales price for homes between Jul 15 to Oct 15 was $255,000 or $183 per square foot. This is compared to the average U.S. home prices at $180,800 and $131 per square foot. So, are Millennials able to afford a great starter home in one of Hotlanta’s desired neighborhoods?
We enlisted the help of Mike Toltzis, a first time home buyer specialist with Atlanta Fine Homes, to demonstrate what a $425-$475k home looks like in this city. Here is one home Mike feels confident many Millennials would chose to call their own, not only for its charming curb appeal, but also for its stellar location. Check it out!
767 Piedmont Way
Bed/ Bath: 4/2
Total Square Feet: 1,491
Est. Taxes: $4,531
“This is the perfect starter home. Great location with easy access to the highway, walking distance from restaurants, The Beltline, and Piedmont Park. And just a few minutes from Buckhead, Midtown, Downtown, and Virginia Highlands. Not to mention located near some of the best in-town schools in all of Atlanta. This is a very affluent and young neighborhood with some older style bungalow ranches and starting to see a lot more new construction in the neighborhood. Homes range from the 400’s to the high 900’s.”