Home Buying in 30044>Question Details

Vickie, Home Buyer in Athens, GA

How is the lawrenceville area? I am interested in the Oakland Downs or Greenbridge Creek Townhomes

Asked by Vickie, Athens, GA Tue Oct 16, 2007

My realtor told me that the Oakland downs area was better and could probably be resold later. I just want to know is that true? I the area developing near historic Lawrenceville.

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Vickie,

As with all things future, even we REALTORS(R) have no crystal balls, nor should we say that property can be resold "at a profit" later. Your realtor should be able to provide you with statistics on the area showing you what various size homes have sold for on average over time. From those stats you could then base your opinion on what the future holds, but as in all investments, historical performance doesn ot guarantee future performance.

There are many factors that influence a home's price or an area's price: economic conditions, environmental conditions, crime activity etc. and none of these are controllable nor predictable.
Web Reference: http://www.thenelmsteam.com
1 vote Thank Flag Link Tue Oct 16, 2007
Hello Vickie,

I am currently in the market for a townhome. There maybe comparable homes for sale but some people like townhome living because of the low maintenance factor. I am also looking for any information I can find on the Green Bridge Creek SD. I want to know if the builder did a good job building these townhomes before I invest $300+ on an inspection.

Roy Lee can you tell me if you have viewed any of these townhomes before?
0 votes Thank Flag Link Thu Sep 24, 2009
I moved here from out of state 8 months ago and i currently rent in the green bridge creek subdivision. After learning the neighborhood, i would not buy in this part of lawrenceville. These townhomes are very nice for the price and the subdivision is quiet but the school district is not the best and the area around the subdivision is a little slum. Inside my home is spacious for a small family and pretty upgraded with crown molding, granite-like counter tops, 10 or 11 foot ceilings, black GE appliances and a 2 car garage. As much as i like the inside of my house i can't wait to move. So make sure you research!
0 votes Thank Flag Link Mon Dec 29, 2008
I'm an apprasier who does a lot of work in the Laqrenceville area and recently 6 out of 10 homes I appraise are foreclosed homes. Lawrenceville has 3 zip codes, 30043, 30044, and 30045. The only zip code that has remained ok or sustained value in the current market is 30043. I know the townhomes you're talking about and I believe that the builder is trying to unload on these townhomes. My suggestion is do not buy a townhome, but rather look into a short sale or foreclosed homes. It used to be that foresloures would always be in bad condition, but in the current market where people in evey income bracket are foreclosing, I have found that a lot of foreclosed homes are in move in condition. I recently purchased a foreclosed townhome in Duluth, 30097 for only $155,000 so the deals are out there. You also have make sure that your realtor is doing his or her due dilligence. I've found that a lot of them are steering their clients to their own listings or their friends.
0 votes Thank Flag Link Wed Aug 20, 2008
Unless you really want a townhouse, then I would suggest looking at single family homes. These cost about the same or far less (resales). Living near the main thorough is great if you commute, but "inside" Lawrenceville, near Grayson, Loganville - you could find some great deals.
0 votes Thank Flag Link Thu Jul 3, 2008
The townhomes at Green Bridge Creek off Paper Mill in Lawrenceville are luxury all brick starting at $158,750. They are beautiful. And, yes, the area near historical Lawrenceville is developing. The area is vibrant in the evening and on weekends.
0 votes Thank Flag Link Sat Nov 10, 2007
As a Realtor who services the Lawrenceville area, I would agree with your Realtor. There are some areas in Lawrenceville that would likely be better for Resale and others that, well, might not.

The historic district is getting a major overhaul in the next few years, so developments that are close to that should see a big bump. The changes will take several years however, so unless you're willing to wait 5 to 10 years, then I would just buy what you want.

I know where Oakland Downs is, but I don't know where the other one is. In general, if you are buying a townhome in Lawrenceville, you want to be as close to 120, 20, Sugarloaf or Old Norcross as possible. Those are your main thoroughfares. I don't like Townhomes in Lawrenceville, simply because 9 times out of 10 you can find a single family home for the same price. Townhomes in this area are stagnating in many cases, especially those just north/east of historic Lawrenceville.
Web Reference: http://www.jrjarvis.com
0 votes Thank Flag Link Wed Oct 17, 2007
Joshua Jarvis, Real Estate Pro in Duluth, GA
MVP'08
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