Home Buying in 30312>Question Details

Jarell Sheff…, Both Buyer and Seller in Atlanta, GA

What do you think about the Summerhill area of Atlanta?

Asked by Jarell Sheffield, Atlanta, GA Fri Jul 25, 2008

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Jarrell:
Value - as in the best purchase prive now? or best area for gaining equity? All intown neighborhoods are great. As I don't want to appear to put area down by promoting another, it might be best to email me directly and I'd be happy to share my intown insight. Certain streets in Capitol View Manor and even Chosewood have an awesome downtown view. Look forward to hearing from you - as there was a major announcement in an intown neighborhood today.
Web Reference: http://www.DweLLintown.com
1 vote Thank Flag Link Fri Jul 25, 2008
Why not rehab a property in the fourth ward, they have two that i know of one on rankin st and the other on howell st. Both white houses that need work. They are a little overpriced at 179 and 189 respectively but offer 149k fix up how you like and sit on your equity then sell tax free in two years.
0 votes Thank Flag Link Wed Oct 29, 2008
Jarell: did you get the new Beltline information I sent? Great info on Intown neighborhoods that will be appreciating near Grant Park.

Ramiro Garcia - Your Intown and Grant Park real estate agent
0 votes Thank Flag Link Sat Jul 26, 2008
Jarell,

In Summerhill you can definitely find a good size home, with a city center location. Just be aware that there has been a lot of mortgage fraud that has taken place in the neighborhood over the last 5 or so years, and therefore there will continue to be a lot of short sales and foreclosures continuing to control the neighborhood's market (now & for years to come). If you choose to purchase in Summerhill you should plan on holding onto the property at the very least 5 years, but probably more like 7-10 years. At that point hopefully the mortgage industry will be straightened out, the neighborhood will be more established, and you'll see a nice return on your investment. If that time frame seems too long, consider neighborhoods like Edgewood, Kirkwood, Howell Mill, and Reynoldstown... you might pay a bit more, but they're all transitioning and appreciating much more quickly.

If you have any additional questions or need any advice, please don't hesitate to contact me directly!
Sarah Turner, Realtor
Sanctuary Real Estate
404-323-9976
sarah.turner@yourownsanctuary.com
0 votes Thank Flag Link Fri Jul 25, 2008
If you search website examples zip codes, ISD , PD offer additional information for your review. At times some buyers speak with local residence of that area.
http://www.lynn911.com http://www.homes-for-sale-dallas.com
Web Reference: http://www.lynn911.com
0 votes Thank Flag Link Fri Jul 25, 2008
I am looking at Summerhill between Georgia Ave and Fulton St. I am looking for an affordable 3 or 4 bedroom home in the city with views from the neighborhood or maybe even the house. My wife is a teacher so my kids can go to school where she teaches, so the schools are not that important. We are also looking in Grant Park and Old Fourth Ward. Which area provides the best value right now?
0 votes Thank Flag Link Fri Jul 25, 2008
Jarrell:
Where specifically inn Summerhill? The area between Georgia Ave and Fulton St is very different from Georgia Ave South to Atlanta Ave. Old row house? new construction? Even a nice house or townhouse near the parking lots can be a hassle, unless you just love the Braves Fireworks. Could be a good area to invest in if the price is right (of course), but the schools are not as advanced as Grant Park proper.

Just curious, what's putting Summerhill on your radar to begin with?
0 votes Thank Flag Link Fri Jul 25, 2008
I like the convenience. I like the size of the houses built in the 1990's with Hardi plank siding still selling in the lower $200's.

If I cared about the Braves, I would just buy some property like one of those John Weiland 1990's era townhomes and have it for games.

I think that over 50% of the listed real estate in Summerhill is overpriced.
Web Reference: http://intowninsider.com/
0 votes Thank Flag Link Fri Jul 25, 2008
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