julieisis200…, Home Seller in 30305

I'd like to know what are the current conditions to sell a condo in Buckhead. Particularly a 2 / 2 at 2965 Pharr court south nw 30305

Asked by julieisis20032003, 30305 Wed Jun 13, 2012

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Hey, Julie! I would love to help you - I sold a two bedroom right across the street from you at Halten Hall. Great area in Buckhead - close to everything!
0 votes Thank Flag Link Fri Dec 21, 2012

Three homes sold at 2965 Pharr Ct S in the last year, and two homes are currently active. Please let me know if I can help you with your sale or purchase, or for additional information.

Best regards,

Century 21 Results Realty Services
0 votes Thank Flag Link Wed Jun 13, 2012
There are currently two 2 bedroom / 2 bath units for sale, priced at $65,000 and $39,900. There was a 2 / 2 that sold for $38,500 in March. There is also a 1 / 1 with a list price of $45,000 that is under contract (we won't know the sale price until it closes). Condition often plays a factor in the pricing, so I would need to see your unit to get a better idea of what it could sell for. The unit for $39,900 is a foreclosure, but it appears to be fully renovated. Given the price and condition, that will be the unit you will need to compete against. The unit that sold for $38,500 had some updating, but looks like it could use renovation. I have been in your building several times showing units, therefore I am familiar with your location.

In general, the market conditions have improved and property are selling a little faster than they were a year ago. The prices are still depressed from what they were during the real estate boom and it will probably be a long time before the prices recover to that level.

Please let me know if I can help in any way.

Galt Porter
Real Estate Consultant
Solid Source Realty, Inc.
Member - Atlanta Commercial Board of Realtors
CPDE - Certified Distressed Property Expert
REOS - Foreclosure REO Specialist
RESS - Short Sale Specialist
State Registered Real Property Appraiser
Office 770-475-1130 X8837
Cell 770-529-6922
0 votes Thank Flag Link Wed Jun 13, 2012
Doesn't look good. :( The only sale in the building so far in 2012 was a 2/2 that sold in March for $38,500. There's currently one unit under contract (a 1/1 short sale pending lender approval with list price of $45k) and there are 2 units (both 2/2) currently active at $39,900 and $65k. 4 listings have expired so far this year (priced from $54k to $175,650). So, if you can afford to sell your condo for $40k you're good, but if you need to sell it for more than that, it's probably not a good time to do that.

Lisa Crowder
Atlanta Communites
0 votes Thank Flag Link Wed Jun 13, 2012
Julie, There have been multiple sales in your area in 2012. The current value of your home would depend on various factors including: complex name, FHA approved?, area demand, lender's appraisal, and recent sales. 2012 condo sales in area include: Slaton Manor $43K, Pharr Manor $50K, Eclipse $173K - $215K, Concorde $138K - $399K, and Halton Hall $347. Let me know if you require further information or would like to discuss marketing your home. Thanks!
0 votes Thank Flag Link Wed Jun 13, 2012
Hello Julie--
I can only find one listing in your complex from the last year. Unit #102 is currently under contract. The asking price is $45,000. The sale price will be public after the unit closes.
It looks clean, but is not updated.
Sorry not to have better news!
Sherrie Crow
Keller Wiliams Realty Metro Atlanta
0 votes Thank Flag Link Wed Jun 13, 2012
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