With the average home price for September 2019 reaching $299,400, homes selling for a robust $500,000 in Atlanta have some wiggle room for offering extra space and more high-end amenities.
Naturally, the farther you go from the upscale and downtown neighborhoods to shop for Atlanta real estate, the more your house payment will provide.
Half a million is about 180% of the Zillow estimate for the the median home value in Atlanta, which is $264,500. And buyers beware, Zillow also predicted home values would increase in Atlanta by about 6.6% over the next year. So even when you have $500,000 to spend, you may be able to get more now.
Wondering where to look? Here are some properties in the area selling for around $500,000:
4 bedrooms, 4 baths, 2,664 square feet
A retirement dream or commuter's haven, this Lake Spivey two-story home brings waterfront living. The design is unique: two completely separate bungalows, each with private entrance. A boat dock comes with purchase, along with a 1.89-acre lot and lake rights.
4 bedrooms, 2 baths, 3,199 square feet
This 1961 house offers spacious subdivision living with its own wooded 3/4 acre lot. Other amenities that come with the price tag include granite counter tops, hardwoods floors and an in-ground pool. This is a "car dependent" neighborhood with an average 31-minute commute, but some families might think the finished basement and wheelchair accessible master suite on the first floor make up for that.
2 bedrooms, 3.5 baths, 1,369 square feet
Who needs the corner office at work when you've got this one at home? This West Midtown condo features floor-to-ceiling windows, a dine-in kitchen, a private balcony and a cityscape view. As for building amenities that help make those condo fees of $547 monthly worth it; they include a resort-style pool and a catering kitchen and game room inside the luxury clubhouse.
4 bedrooms, 3.5 baths, 2,976 square feet
Smyrna is a millennial and Gen X type place, with 54,659 total population, average age 35. This townhome reflects the comfort and entertainment-focused lifestyle for the age group, offering hardwood floors, stainless steel appliances, an upstairs laundry and a terrace-level mother-in-law suite.
4 bedrooms, 4 baths, 2,771 square feet
Engel & Völkers Atlanta describes Woodstock as a former sleepy farming village that's now a "vibrant and and diverse community boasting a world-class trail system, great shopping and dining options, and neighborhoods perfect for the suburban family, all just 30 miles north of Atlanta."
The upgrade did boost real estate prices a bit, even though Woodstock has just over 30,000 residents and is a full 30 miles from the heart of Atlanta. Zillow sets the median home value in Woodstock at $260,700. The website also said the values have gone up 6.3% over the past year and predicts another rise of about 5.3% this coming year. But homes here selling for around $500,000 still have plenty of space and amenities.
3 bedrooms, 2 baths, 2,658 square feet
Situated 35 miles from Atlanta, this ranch-style home is all about relaxation, from its sunroom to its private pond to the wrap-around porch and great room with a fireplace. The three-car garage has an apartment overhead and the retreat has fenced pasture and a fenced yard for pets.
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