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.
#1 by thunsicker on December 27, 2011 - 4:45 pm
I just wanted to mention this house has closed and it sold for $600,000 – what a deal! Hope it doesn’t hurt our appraisals of other homes!