Archive for category Under Contract and Sold Homes
We’re doing the happy dance here at the office – I have my listing at 3849 Brandy Station SOLD! It’s a lovely French Provincial estate in Vinings. It was redesigned from top to bottom in 2007 by Linda McArthur and has over 7000 square feet of space.
Atlanta homes Under Contract represented by Tina Hunsicker of Atlanta Fine Homes Sotheby’s International Realty
Atlanta’s real estate market is busy and is heating up! I have two of my own listings under contract – both in the Vinings/Smyrna areas. Also, I’m representing a buyer in Buckhead on a $2M+ home. We’re always looking for great homes to sell, as the buyers are starting to come out of the wood work.
Click here to see homes for sale in Buckhead over $2 million, and under $2 million. Click here to see homes for sale in Vinings. Let me know if you’re considering a change in your real estate portfolio!
UNDER CONTRACT IN Smyrna – West Vinings. 4207 Zermatt Drive, Smyrna, GA 30080. Light and Bright interiors with 10ft ceilings and all hardwoods on the main, porches everywhere! Huge master suite with fabulous walk in closet, 3 additional bedrooms each with its own bath, extremely well maintained neighborhood walkable to restaurants and shops at One Ivy Walk, kitchen has stainless appliances, newest house in the neighborhood. Square footage does not include basement. Tina Hunsicker of Atlanta Fine Homes Sotheby’s International Realty represents the seller.
UNDER CONTRACT IN Buckhead. 3111 Ridgewood Road, Atlanta, GA 30327. This flawlessly designed home by Bill Harrison was published in his book Timeless Architecture for its use of rough materials in a refined manner. All of the bedrooms have en suite baths, large spaces that allow for natural light, and a whole-home generator. The master bath has heated floors, steam shower, sep. his/her toilet stalls & closets. To enjoy the mild southern weather, the owners designed the home w/ ample outdoors spaces on this private 1.5 +/- acre lot. There is a 5-hole putting green, outdoor living room, fireside cabana, gardens, and mature landscaping. The buyer is represented by Tina Hunsicker of Atlanta Fine Homes Sotheby’s International Realty.
UNDER CONTRACT IN Vinings. 4300 Brookview Drive, Atlanta, GA 30339. New windows, HVAC, A/C, fencing. No RR tracks, beautiful large yard, move in ready, all hardwoods, screened porch and deck overlooking yard, unfinished basement with good ceiling height and fireplace. Originally offered for $499,900, and now under contract. Tina Hunsicker of Atlanta Fine Homes Sotheby’s International Realty represents the seller in this transaction.
Jane Fonda’s Intown Atlanta Loft recently sold on October 31st for $1.1 million.
I had it listed back in 2010 for $4.5 million, which is what Jane had in the property from a purchase and build out perspective. She originally purchased the loft after her divorce with Ted Turner in 2000 and if you look at the interior photos and look at what Jane was going through at that point in her life it all ties together. At the time, I had purchased her book “My Life So Far”. I was enjoying Spring Break in 2010, when I got the call to interview for the listing. When I returned to Atlanta the following week, I met with her Business Manager and Financial Manager.
Within several weeks I listed the property at $4.5M to see what appetite the market had for this 5,000 sq ft loft. The media picked up on the story quickly and we received a lot of publicity and quite good showings, but with time the location proved to be an issue for this type of luxury/high end property. We looked at auctioning the property through Sotheby’s and felt we could get her $1.5M pretty easily, but with that large of a loss it seemed prudent to rent it out for a couple years.
By Fall 2010 we offered it for rent since it became apparent that Jane would be taking a large loss either direction and rented it shortly thereafter.
The following Fall in 2011 her business manager chose another strategy by listing with a local agent that lived intown to market the property. The price steadily decreased until it sold for the $1.1M. For the amount of square footage and the spectacular skyline views, the final price was quite a deal. It was probably about 2 years to the date from the when it was rented which worked out great for her I’m sure.
I was fortunate to have met Jane when she was intown for events and fundraisers and I’m glad she’s been able to close that chapter of her life. It’s fun to follow her blog and see everything she’s gotten involved in since that time. She certainly is back in Prime Time!
As of today, October 9, 2012 there have been 5 homes in metro Atlanta and its surrounding counties that have sold over $5M, according to FMLS. I am proud to say 3 of the 5 have been sold by Atlanta Fine Homes Sotheby’s International Realty. I do this research periodically as I have a large listing and am always looking for ways to increase its exposure and make sure the right clientele are being exposed to it.
One common link with our large home sales in 2012 is the International Buyer. As you will see from the various homes I’m outlining this year, as well as last year, many are moving here from other countries. It appears to be a good place for them to place their cash, as when looking at tax records there appears to be no debt against these properties.
Its fun and fascinating for me to meet these buyers that can write a check for $10 million dollars. The first home at this price point is under contract and set to close within the month. I LOVE this house – it is located at 435 King Road in Buckhead and was built in 2010. I have a slight connection to the property, as the owners of the prior home on this lot hired me to sell their home and help them purchase a new one. I sold their home to a builder who had this client that was ready to build on a prime lot. The home was completed in 2010 and I must admit – it is truly the most phenomenal home I have ever been in.
The interiors are PERFECT as well. Suzanne Kasler Interiors did the furnishings and my understanding is that the house was sold furnished. I do believe that Architectural Digest came in and photographed this home as well; originally it was pulled off the market quickly to accomodate their need to not have it on the market while published.
It was recently re-listed and sold very quickly, within a couple of weeks. Incredible for a $10 million dollar home! Mark Bhaggan with Atlanta Fine Homes Sotheby’s International represented the seller and buyer in this transaction. I have heard that this is an international buyer. This home is 20,000 sq feet and has every detail you can imagine including his and hers gyms, an indoor lap pool, driving range, outdoor pool and pool house with a drop down TV screen to watch while you’re in the pool, indoor sports courts, theater and more. Not a single thing is missing.
I’m so glad I had the opportunity to view this fabulous home. Whenever I have clients that just can’t seem to find exactly what they are looking for I can always email them this property and tell them I can find them what they want but it will cost $10M
2. 3410 Ridgewood Road
3410 Ridgewood Road closed in January of this year at close to $6M after being on the market during the toughest times from around 2007. With an official year built of 2009, it was built by Steven West Custom Homes and went into foreclosure, upon which international buyer Ulf Henriksson and his wife purchased it. Ridgewood was the Christmas House years ago and has been the site of filming for several movies. I only know this as I drive past it every single day and there were moving vans and trucks for filming there quite a bit. As Atlanta’s tax advantages for filming here continue, more and more of our estate homes are featured in TV shows and movies.
I called a friend of mine that lives a few houses down from this house to better understand its history. It’s actually very sad, as I remember it sitting vacant years ago as the original owners were killed in a plane crash around 2002 and when the home traded after the accident it was the most expensive home sold at the time – at $10 or $11 million. That family lived in it less than a year and sold it to a builder who had $10M in debt against the house. Since then it has sat vacant and ransacked for about 5 years. That homeowner let it go into foreclosure after some financial issues, it just came on the market in September, and then sold very quickly to what appears from tax records to be Justin and Jessica Jones. The piece of land is fabulous with 16 acres of pretty level land in the heart of Buckhead, with entrances on West Conway and Fairfield Drive. The neighbors are looking forward to it being brought back to the tasteful state it was in prior to 2006. The back of the house has been ripped off as the previous owner was going to add porches and sub-contractors have ransacked it for supplies from unpaid bills. It will be interesting to watch the progress as this home is restored.
This home closed in June of this year – after being on the market in 2010, removed and then relisted in March of this year. Compared with the others in this category, the sale is a bit more surprising. This 2 acre property is located on Mt Paran, which is a busy street, and the sq ftg is just under 10,000 sq ft – compared with Ridgewood that sold for a bit more but was over 4 acres and 15,319 sq ft. This was a regular market sale versus Ridgewood and West Conway which were bank-owned sales. I think this shows the value buyers are placing on “new-ish” properties versus having to do a lot of work to them once they’ve purchased them. I recently heard a speaker mention that in the next year approximately 50% of the homes purchased will undergo renovation. This is primarily due to the lack of new construction and in many cases the seller’s loss of equity and lack of desire to put more money into it.
I can only hint at the fifth sale of 2012, but it is a historic Buckhead home built in 1926. I hope to bring more details of the sale as soon as it is appropriate. Of the 5 homes that have sold, this is the only home built before 2003, but it has been completely renovated to feel like a new home.
There are still 48 homes over $5M on the market and none outside of Buckhead have sold this year, according to FMLS. This is about a 10% turn rate which is a very weak market for the luxury homes. They should be turning at over 33% to have a stable healthy market at the higher end. Two of these homes were foreclosures and while we’re seeing less and less of that in our average luxury market, the trend seems to still be present at the very high end. But, in both instances, they were scooped up immediately because they were priced so well!
It’s nice to see listings start to sell, sellers being happy to move on, and buyers getting a home they can cherish for years. Here’s a listing of mine coated at 3225 Laramie Drive in Vinings that is a pending sale, set to close mid-May.
The market is picking up – we’re seeing reducing numbers of homes for sale and more buyers coming out to see what’s on the market! Click here to search for homes for sale in metro Atlanta….and let me know how I can help you in your next real estate transaction.
3642 Cochise Drive, Atlanta, GA 30339 is under contract.
This is big news for a couple of reasons:
- This is the first house in the flood plain in Vinings to sell since 2009.
- The bad news is the price it took to sell.
I had this home listed pre-flood at $1,350,000 and here at the end of 2011, the last list price before it went under contract was $624,000, and I assume they got it for slightly less than that.
Also, it was a corporate sale so the price was reduced consistently over the past year plus that its been on the market. My client who lived there was relocated to Chicago and shortly thereafter their company bought the house from them, so all is good for them but the company had quite a shortage I’m sure.
I’ve heard the buyers are local Vinings residents and the house was a great deal.
The kitchens and the baths are all completely new as is the basement – which is the area that will flood. It is all tiled now so it can be hosed off in case of another “event”, but can be used as a great family room in the mean time.
This stately Buckhead home at 4235 Regency Court in Buckhead has six bedrooms, six full and three half baths. My buyers are in love with the walk-out pool and putting green outdoors. Inside, there are 12′ ceilings and the master on the main. Offered at $1,975,000.
Congratulations to my buyer clients!
My clients and I experienced a lovely surprise when we entered this home on Laurel Drive in Chastain Park. There’s an incredible view of the Atlanta skyline!
Originally listed at $1,700,000, I helped them to buy this home with six bedrooms, five full and two half baths. The pool and pool house in the back yard are simply the best.
Congratulations to my clients!
Whew….it’s been a busy couple of weeks, and I have been managing three offers and all the communication that goes along with that between buyer, seller, listing agent, buyer’s representative agent, banks, inspectors, appraisers….you understand! All three homes in Vinings are under contract now. Two are listings of mine, and one is a home where I represent the buyer.
Under Contract – 3225 Teton Drive, Atlanta GA 30339
Under Contract – 3333 Cochise Drive, Atlanta, GA 30339
Under Contract - 4323 Orchard Valley Drive, Atlanta, GA 30339