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Phebe Etheredge Page 1
Phebe Etheredge Jenny Pruitt & Associates
[email protected] 404-851-0727
Atlanta is evolving from a suburban Mecca into a truly urban
metropolis, its housing market reflecting the emerging attributes
of a big city with big city brio. Location, more than ever, has
come to be synonymous with quality of life. Less time in traffic
means more time to tarry in everyday pursuits. And it is this
ideal, which is prompting pioneering spirits to move into once
neglected areas Virginia-Highland, Inman Park, Candler Park, Grant
Park, Lake Claire, East Atlanta, Cabbage Town and East Lake. People
are transforming old homes into lively painted cottages. Builders
are buying up any and all available land, putting in subdivisions,
tearing down neglected houses, building new homes and townhomes
that fit in with the style of the neighborhood
HOT INTOWN NEIGHBORHOODS INMAN PARK lies near the eastern
boundary of the city of Atlanta and is due east of the financial
center called Five Points. Lake Hurt, Dekalb Avenue and Krog Street
roughly border the district. Inman Park was the first planned
residential suburb devel-oped in Atlanta. Lots were put up for
auction in 1889. There are examples of Queen Anne, Colonial Revival
and Shingle Style homes and bungalows in the historic district. New
communities of townhomes and condos are currently being built in
the area, with prices in the $400’s. Homes in Inman Park are
currently selling from $229,000-$1,000,000.
GRANT PARK is located east of the city, south of I-20. The
district includes a 131- acre “green space”, a recreational area
and the residential neighborhoods surrounding it. As a
neighborhood, it began to be populated in the 1890's by middle and
some upper middle class families. Craftsmen built many of the
architecturally distinctive homes you see today. Grant Park is a
mixture of diverse residents. The Atlanta Zoo and Cyclorama are
located in the neighborhood. Builders, seeing the tremendous growth
in the area, have purchased what little land is
left. They are building attractive townhome communities priced
from $180,000-$300,000. New cluster homes are also being built in
the $300’s. Homes in Grant Park are currently selling from
$150,000-$498,000.
CANDLER PARK is located north of I-20, east of I-75/85, &
west of Decatur. It is bounded on the east by Clifton Avenue, on
the south by Dekalb Avenue, on the west by Moreland Avenue (and
Little Five Points), and on the north by North Avenue, the golf
course and Clifton Terrace. This National Register of Historic
Places neighborhood is one of Atlanta’s first suburbs and was
founded as Edgewood in 1890. The neighborhood is home to many
talented people, great shops, bars, and everything eclectic. Homes
in Candler Park are cur-rently selling from $285,000-$850,000.
continued on Page 2
SUBURBAN SPRAWL TO URBAN METROPOLIS
Volume IX, Issue 7
Personal Note
There are many “hot” neighborhoods in the
metropolitan area. And nothing is hotter than
the Atlanta Real Estate market right now! If you or your family
or friends
need a professional REALTOR, I would
appreciate the referrals!
Inside this issue: Hot Intown Neighborhoods
1
Number of Homes Sold
3
Why Intown is Growing
3
Picture Perfect Intown Parks
3
Market Update - Smyrna
4
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Phebe Etheredge Page 2
EAST ATLANTA is directly south of Little Five Points on Moreland
Avenue. It is bordered on the north by I-20, on the west by
Moreland Avenue. East Atlanta is a diverse, friendly neighborhood
with a wonderful village of funky shops, great restaurants and a
new library. East Atlanta has many styles of homes including
Victorians, charming Craftsman’s, postwar brick ranches, infill new
homes as well as new subdivisions. Homes are currently selling from
$110,000-$362,000.
LAKE CLAIRE borders Candler Park starting at Clifton Avenue,
Dekalb Avenue on the south, Ridgecrest on the east and Ponce De
Leon on the north. Lake Claire was named after the Lake Claire
Garden Club founded in the mid 1930’s. Although some developers
built groups of houses, much of Lake Claire has been sold as empty
lots with individuals constructing their own houses. The
neighborhood is rich in craftsman bungalows dating from 1915.
Lately, builders have put up a beautiful community called
Sutherland in the $500,000-$800,000 price range. Homes in Lake
Claire are currently selling from $211,000-$605,000.
CABBAGETOWN DISTRICT is located east of downtown Atlanta. It
originally consisted of the Fulton Bag and Cotton Mill and housing
was built for the factory workers. The mill is a complex of
buildings constructed between 1881 and 1922. Most of the houses
have Victorian ornamentation that is evident in their porches,
doors and windows. The mill closed in 1977 and remained vacant
until the mid 1990s when the complex was converted to loft
apartments. Builders are building new homes on any available lots.
Styles must comply with the Historic District regulations. Homes
are currently selling from $172,000-$329,000.
EDGEWOOD is located just 3 miles east of downtown Atlanta.
Moreland Avenue borders it to the west, Marta east-west rail line
to the north, 1-20 to the south and Wyman/Rogers Streets to the
east. Edgewood is a hot neighborhood with affordable housing, a
strong neighborhood association and easy access to 1-20. New
townhomes in the $200s were built in 2005 and sold quickly to young
professionals. The new Edgewood Retail District (still under
construction), with stores like Super Target, Lowe’s, Borders
Books, Kroger and more are transforming the area. Investors are
looking for property to build on or homes to renovate. Homes are
cur-rently selling from $100,000-$200,000.
EAST LAKE is located approximately 6 miles east of downtown
Atlanta or 2 miles south of the city of Decatur. It is bordered by
Candler Road on the east, Glenwood Drive on the south, City of
Decatur on the north and 2nd Avenue on the west. East Lake is home
to the renowned East Lake Country Club, where Bobby Jones became
famous playing golf and the PGA Tour Championship is played. East
Lake housing is still affordable and popular with builders and
renovators. Homes are currently selling from $219,000-
$379,000.
KIRKWOOD is located between Dekalb Avenue on the north,
Rogers/Montgomery Streets on the west, Me-morial Drive on the south
and Mellrich/Winter Avenues on the east. Kirkwood’s largest homes
were built during the community’s early years of development in the
Queen Anne, East Lake, Arts and Crafts and Victorian Folk styles.
Home values continue to rise as many new homes are being built on
infill lots. Most new homes are in the bungalow style and blend
well with older homes in the neighborhood. Homes are currently
selling from $105,000-$525,000.
HOT INTOWN NEIGHBORHOODS (continued)
Volume IX, Issue 7
Looking West on
Flat Shoals Road
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Phebe Etheredge Page 3
First Multiple Listing Service of Atlanta reports the following
statistics for our hot intown neighborhoods:
Homes Sold Homes Sold Neighborhood Zip Code 2001 2004
Inman Park 30307 17 30 Candler Park 30307 30 68 Grant Park 30312
69 204 Lake Claire 30317 23 43 East Atlanta 30316 67 168
Cabbagetown 30316 18 27 East Lake 30317 40 176 Kirkwood 30317 47
173 Edgewood 30317 13 47
NUMBER OF HOMES SOLD
Volume IX, Issue 7
Several factors appear to have spurred the growing affection for
intown living. The first and most obvious is the in-creased amount
of time Atlantans are spending traveling to and from work. Most
recent surveys give Atlanta the du-bious distinction of being in
the top ten nationally in commuting time. With the coming of age of
The Gen X’s and MTVers and their desire for “instant gratification”
the demand for intown properties has soared. And now Atlan-tans are
quickly adding intown Atlanta as a cultural hub, home to a lively
sprinkling of quirky shops, restaurants and nightspots that are
reaching the crest in what has been a steadily rising “wave of
cool”. These predominantly young Atlantans have a strong desire to
be near the action and intown is where the action is. This, coupled
with the Olym-pic Games, Ted Turner, Arthur Blank and Bernie
Marcus’ commitment to downtown, has sparked growth in much the same
way that the refurbishing of Baltimore’s’ Inner Harbor area did in
that city.
Other reasons for Intown’s growth relate to social demographics:
an influx into Atlanta of city dwellers who move here from other
parts of the country and are awed by the amount of homes available
here for the money; and a strengthening backlash against sprawl,
smothering traffic and the essential sameness of some cookie-cutter
developments that pepper the suburbs.
By all estimates commuting time for Atlantans will increase for
the foreseeable future. As a result, the intown areas should remain
attractive for years to come.
WHY INTOWN IS GROWING
PICTURE PERFECT INTOWN PARKS
Grant Park Candler Park Brownwood Park Lake Claire Park
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Phebe Etheredge Page 4
Smyrna is located about 10 miles northwest of Atlanta, Georgia
and is considered an integral part of the Metro Atlanta area. Known
as the "Jonquil City", it derives this name from the thousands of
jonquils that flourish in gardens and along the streets in early
spring. Smyrna is just a 15-minute drive from downtown Atlanta, yet
free of the congestion. “The Village Greene”, a revitalized and
active new downtown area, includes a new library, community center,
retail development and mixed-use development, city hall and
charming homes.
• New homes priced from the $300’s to $1 million’s • Charming
neighborhoods with a vast array of amenities for residents and
businesses • Parks, jogging trails, pools, lighted tennis courts,
public golf courses and much more • Day camps, sports and
recreational activities for children to seniors • New Welcome
Center and Museum • Summer concerts and family events on the
Village Green • Winner of the prestigious Urban Land Institute’s
Award of Excellence
The City of Smyrna has developed a reputation for smart growth
and revitalization and was recently awarded the Urban Land
Institute’s Award for Excellence. The City of Smyrna, for more than
a decade, has been in the business of reinventing itself and
setting the standard for community. As a recipient of the
Government Finance Officers Association’s "Distinguished Budget
Presentation Award”, the City of Smyrna continues to serve its
citizens well, with integrity and minded, earned progress.
With visionary leadership and strong community spirit, Smyrna
has become one of the most popular places to reside in the
metro-Atlanta area. Voted by Atlanta Magazine as one of the top 10
places to live in the Atlanta area, it is no wonder that more
people are choosing Smyrna to raise their children. The "small
town" atmos-phere offered here is the type of lifestyle many seek
when deciding where to raise their families. Another important
attribute of Smyrna is its location in relationship to major
transportation modes. The City is strategically located near three
interstates and intrastate highway systems: I-75, I-20, and I-285.
Downtown Atlanta is a 15-minute drive via the interstate and
Atlanta’s Hartsfield International Airport is only a 30-minute
drive away. In addition, several principal arterial roadways, such
as Cobb Parkway (U.S. Highway 41), Atlanta Road (State Highway 3)
and South Cobb Drive (State Highway 280), pass through the
municipality. Smyrna will also benefit from the East-West Connector
road extension through Cobb County. The Cobb Community Transit
(CCT) bus system provides public transportation for Smyrna
residents with links to the Metropolitan Atlanta Rapid Transit
Authority (MARTA) rapid-rail network. There are also two major
railways that service Smyrna and four airports can be found within
an 18-mile radius of the City.
Information obtained from www.ci.smyrna.ga.us
MARKET UPDATE - SMYRNA
Volume IX, Issue 7
