Posts Tagged buckhead real estate agent

SOLD: Tyler Perry’s Atlanta Estate

tyler-perry-house-above

photo credit: buzz.blog.ajc.com

Tyler Perry’s estate at 4110 Paces Ferry Road in Atlanta has sold!   This is great news after only being on the public market for a year.  It is by far the most expensive home sold in Atlanta in over a year.  In the past year, the second place went to 2000 Garraux Road which sold at $6M  in August of 2015 , also located by the rear gate of Tyler Perry’s estate.

The home sits majestically overlooking the Chattahoochee River on 17 acres and is 35,000 sq ft. including 7 bedrooms, 11.5 bathrooms, swimming pool, lighted tennis courts, beautifully landscaped grounds, and underground ballroom. You can see it and its parking garage from across the river  on Paces Ferry Drive in Vinings (across from Canoe Restaurant).

4110 Paces Ferry was quietly marketed at a higher price point prior to hitting the public market, but entered the Multiple Listing Service a year ago at $25 million.  It just closed a few days ago for $17.5 million.  Quite a deal for that volume of land in the most prestigious zip code in Atlanta – 30327!  The land alone sold for $9M back in 2005 when Perry bought it.  A two acre lot in this area is now selling for about $1.5M  and a one acre lot is selling for right around a million.  So this land alone could be broken up and sold for over $12M.

rear20view-buckhead

View of the home from the back photo credit: buzz.blog.ajc.com

The publicity a home like this generates for a realtor is national and phenomenal and every real estate agent’s dream.  I was able to experience that when I listed Jane Fonda’s loft back in 2004.  From what I’ve heard, this sale was to an out of state buyer and I’m sure that type of publicity surrounding this listing is what helps in generating leads for buyers of this magnitude in Atlanta’s luxury real estate market.

As has been reported publicly, Tyler will be building his new home on 1,000 acres he purchased in Douglas County, Georgia, near where the Tyler Perry Studios campus is located. Congratulations to his agents Josh Reeves and Chase Mizell on a job well done.

 

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Berkshire Hathaway Chairman’s Circle 2015 Gold Agent

Berkshire Hathaway Home Services Georgia Properties is pleased  to announce that Tina Hunsicker has been named as one of the Berkshire Hathaway Chairman’s Circle Gold Agents as a result of nearly $13 million in real estate sales for 2015!

HunsickerTina-1

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Feature for Sellers: Prudential monthly real estate updates

Knowing what is going on in the real estate market is just as important when selling your home as it is when you are buying. One of the great features that has come with joining Prudential is a monthly market update that is quick and concise. Below, I’ve included links to the Buckhead and Vinings September updates.

What you’ll notice in the Buckhead data is the dramatic fall off of sales in August.  Normally, I would think this drop is related to back to school, but this year the decrease was more dramatic than in years past.

September Market Update - Buckhead

Vinings was more stable from July to August. I believe the uptick in sales prices is related to the Jumbo rates being lower than conventional financing right now. In both markets you’ll see that inventory is down dramatically.

September Market Update - Vinings

If you are interested, I’m happy to pull YTD data for you as well. As always, if you’re thinking about selling, give me a call so I can help you analyze the value of your home.

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Most Expensive Homes for Sale in Atlanta in 2013 – up to $28 Million

Yes, we do have a home available in Buckhead, in 30327, on Paces Ferry to be exact, for $28 Million.

Sitting high atop the Chattahoochee River on 10 acres…..the only thing I can imagine one would have to complain about is the Lovett School car pool lines.  I remember when the current owner bought the land…it was $10M alone and I’m sure this house is being sold at a loss. This estate has every  feature and amenity any executive or celebrity would want.

I have not personally been in the home, but it is a pocket listing in town!

But please don’t just call me up and ask to see these fabulous homes….as with most multi-million dollar properties, you’ll need proof of funds from a local bank and references that can be verified before we’ll show you.

I won’t mention the celebrity’s name who owns this home at the request of the agent, but those of you that live nearby will know the house.  The next question is: Where is he going?  I don’t know. But don’t worry, he’s not leaving Atlanta.

So below is a little bit about the top four most expensive homes for sale in metro Atlanta as we start looking at 2013.

Most expensive homes for sale in the Atlanta metro area in 2013

Every Amenity in this Compound in Buckhead – 30327 – $28 Million

An aerial shot of the most expensive home for sale in Atlanta in 2013.  It's on over 10 acres with an incredible view of the Chattahoochee River.  $28M   Image: Google Earth.

An aerial shot of the most expensive home for sale in Atlanta in 2013. It’s on over 10 acres with an incredible view of the Chattahoochee River. This aerial photo has already been used to introduce the property to potential buyers. $28M Image: Google Earth.

Here's another image from Google Earth of the front gates to this incredible compound in 30327.

Here’s another image from Google Earth of the front gates to this incredible compound in 30327.

A snapshot I took through the trees looking onto the back of the property that overlooks the Chattahoochee into Vinings.  The estate is said to have every amenity, even it's own parking garage (yes, I said GARAGE!).

A snapshot I took through the trees looking onto the back of the property that overlooks the Chattahoochee into Vinings. The estate is said to have every amenity, even it’s own multi-story parking garage (yes, I said GARAGE!).

There two other homes over $15M available, one on Lake Lanier and the other on West Paces Ferry for $19,900,000.

This compound located in Flowery Branch, GA is just north of Atlanta and is on the shores of Lake Lanier.

This compound located in Flowery Branch, GA is just north of Atlanta and is on the shores of Lake Lanier. Offered at  $19,900,000.  Listed by Atlanta Fine Homes Sotheby’s International Realty. Click on the image for additional information and more photos.

An Atlanta icon, 490 West Paces Ferry is in the heart of Buckhead and is ultra-glamorous.  Offered at $19,900,000, Listed by Atlanta Fine Homes Sotheby's International Realty.  Click on the image for additional information and more photos.

An Atlanta icon, 490 West Paces Ferry is in the heart of Buckhead and is ultra-glamorous. Offered at $19,900,000, Listed by Atlanta Fine Homes Sotheby’s International Realty. Click on the image for additional information and more photos.

For more information on these properties, or other luxury homes for sale in metro Atlanta, please contact:

Tina Hunsicker

Prudential Georgia – Buckhead Office

http://tinahunsicker.com

tinahunsicker@hotmail.com

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Buckhead (30327) real estate market update: June 2012

The market trend is continuing that we see in the Vinings market into the Buckhead real estate market as well. Decreasing inventory and rising sales with the average selling price going up!

Within the $200,000 to $650,000 price point, sales have been steadily increasing and we’re in multiple offer situations quite frequently. Inventory is trending downward again with sales continuing up.  Good news for all!

The stats are slightly improved in 30327 from $400,000 and up and it looks like inventory and sales increased slightly.  Year over year numbers show improvements, but I think this could vary with an analysis of a tighter price point.

Finally I had a fellow agent say to me the other day that she thought luxury sales were up.  I think we’re seeing things under $2,000,000 continue to sell well, but over $2M it still remains soft.  Inventory remains high and prices continue to soften within the luxury market.  Of course, this pie can be sliced in various ways, but I just wanted to pull data a few different ways to see if what I feel in the market is what is happening statistically.  If you’d like me to pull some data specific to your price point and area, just email me and I’ll do a custom report for you.

Number of Homes For Sale vs. Sold (Apr. 2011 – Jun. 2012)

Buckhead/Atlanta – 30327
Price Point – $200,000 to $650,000

Buckhead Number of Homes For Sale vs. Sold (Apr. 2011 - Jun. 2012) from $200,000 to $650,000

Number of Homes For Sale vs. Sold (Apr. 2011 – Jun. 2012)

Buckhead/Atlanta – 30327
Price Point – $400,000 and up

Buckhead Number of Homes For Sale vs. Sold (Apr. 2011 - Jun. 2012) from $400,000 and up

Number of Homes For Sale vs. Sold (Apr. 2011 – Jun. 2012)

Buckhead/Atlanta – 30327
Price Point – $2,000,000 and up

Buckhead Number of Homes For Sale vs. Sold (Apr. 2011 - Jun. 2012) from $2,000,000 and up

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Inventory Down, Prices Rising in Atlanta

Can I hear a big woo hoo from everyone out there.  This is something I’ve felt since last October and recently in competitive bidding on properties.  I’m thrilled that it shows that prices are coming up.  The appraisals have been lagging slightly, but we are making the transactions happen.  Super low interest rates and the bottom is behind us.  If you haven’t made the move yet, you’re missing out!  Lump California together and we’re actually number 4 in low inventory.  Prices were down so low and many people have chosen not to sell at those prices.  Now that pricing is coming back slightly it may be time to go on the market!  Let me know if I can help!

Top 10 metros for shrinking inventory

Realtor.com data shows 20 percent annual decline in US listings in May

By Inman News, Wednesday, June 13, 2012.

Inman News®

<a href="http://www.shutterstock.com/pic.mhtml?id=28006487">Supply and demand</a> image via Shutterstock.Supply and demand image via Shutterstock.

Editor’s note: Data collected and analyzed by Realtor.com through  May 2012. Includes single-family homes, condos, townhomes and co-ops.

The national housing market continues to stabilize, according to data compiled by Realtor.com for 146 U.S. metros through May 2012.

May continued April’s year-over-year upswing, with for-sale inventory dropping 20.07 percent, median list prices jumping 3.17 percent to $194,900, and median age of for-sale inventory falling 9.78 percent compared to a year ago.

Data Point Percent Change, May 2012 vs. May 2011
Number of Listings -20.07%
Median List Price 3.17%
Median Age of Inventory -9.78%

As of May, national for-sale inventory stood at 1.88 million units, roughly 60 percent of a September 2007 inventory peak of 3.1 million units (2007 was the first year Realtor.com tracked this data nationally).

Despite a slight 1.96 percent month-over-month increase in national inventory — expected because listings usually swell during the springtime buying season — all but two of the 146 metros Realtor.com tracks had fewer homes for sale than a year ago.

Some of those markets hit hardest in the housing crisis — Atlanta and metros in Florida, Arizona and California — are showing some consistent, month-by-month turnaround. In May, Phoenix, Tampa-St. Petersburg, Fla., and Atlanta were among the top 10 metros Realtor.com tracks with year-over-year percentage drops in for-sale inventory.

This month, six of the metros in the top 10 that saw the greatest reduction in inventories from a year ago were in California, including three in the San Francisco Bay Area: Oakland at No. 1 (56.6 percent fewer listings than a year ago); San Jose at No. 6 (40.88 percent fewer listings); and San Francisco at No. 10 (38.9 percent fewer listings).

Top 10 metros for greatest year-over-year reduction in for-sale inventory, May 2012

Rank Metro For-sale inventory, percent change, May 2012 vs. May 2011
1 Oakland, Calif. -56.60%
2 Fresno, Calif. -48.76%
3 Bakersfield, Calif. -48.59%
4 Phoenix-Mesa, Ariz. -44.71%
5 Seattle-Bellevue-Everett, Wash. -42.65%
6 San Jose, Calif. -40.80%
7 Tampa-St. Petersburg-Clearwater, Fla. -39.76%
8 Stockton-Lodi, Calif. -39.25%
9 Atlanta -39.19%
10 San Francisco -38.90%

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Buckhead (30327) real estate market update: February 2012

The market trend is continuing that we see in the Vinings market into the Buckhead real estate market as well.

Decreasing inventory, average selling price is going up which is good considering the inventory is priced higher than what the buyers are looking for.

We remain steady at a year of inventory in Buckhead.  If this trend continues we’ll be approaching a change in the dynamics of the market. 

I had a conversation with an appraiser yesterday to figure out how we’re going to bridge the gap at what buyers perceive the value at and what the appraisers will appraise for.  His comment is that the homeowners are going to need to take the risk to purchase over appraised value as the banks will not.

So the only way to reverse this trend is for cash buyers to put more cash into the transaction.  We’ll see how this plays out over the next several months.

I’m a half full kind of person, so I hope this positive trend continues despite the national news!

Number of Homes For Sale vs. Sold (Nov. 2010 – Jan. 2012)

Buckhead/Atlanta – 30327

Buckhead_30327_for_sale_vs_sold_real_estate

Average Price of For Sale and Sold (Nov. 2010 – Jan. 2012)

Buckhead/Atlanta – 30327

buckhead_30327_sales_price_list_price_real_estate

Months of Inventory Based on Closed Sales (Nov. 2010 – Jan. 2012)

Buckhead/Atlanta – 30327

Months_of_inventory_buckhead_30327_2012

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2011 real estate trends in Buckhead’s zip code 30327

In compiling statistics for Buckhead’s most elite zip code, 30327, it is harder to elaborate on each house sold since the volume is so much higher.  I have a few comments here and then charts below with more information about real estate trends in Buckhead during 2011.

  • First and foremost as I’ve mentioned before, inventory continues to decrease in Buckhead.
  • Even though prices are still soft, but not declining further, it looks like we are headed into a much more stable market as inventory levels are under 12 months.
  • The trend is decreasing for foreclosures and we’re seeing less and less of them.
  • The other interesting thing to note is that where the average price point is for homes that are for sale is almost double where the average price point for what is selling; that tells us something too.

The product on the market is priced higher than where the buyers are.

With mortgage rates under 4%, around 3.75% right now, people can trade up in their homes if their current house will sell.  The problem is that if they sell their current houses at where the market demands they are losing equity and don’t have the 20% to put down on the next house and most Jumbo mortgages are still requiring 20% down.

The exception to that scenario is for doctors. I’ve sold quite a few properties to doctors this year and they can still get 95% loans with certain conditions.  So if you’re reading this and you are a doctor, it is the perfect time to buy! 

For the Atlanta real estate market to turn into a sellers market we’d have to get inventory levels to about 6 months. However, at various price levels I’m receiving emails daily asking if I have anything coming on the market that isn’t on yet. These inquiries tell me that there’s pent up demand and good homes that are priced to the current market will sell pretty quickly.

I’m glad to pull specific neighborhoods, streets, price points, etc. for you to look at homes that are listed for sale in the Buckhead market (or anywhere in Atlanta!) if you’re interested.

I know most of us don’t like what our houses are worth today and if you’re still wondering, I can run a Case Shiller index for you, pull neighborhood comps etc.  It’s usually not as bleak as Zillow suggests!

In Atlanta's elite zip code of 30327, known as Buckhead, Tina Hunsicker of Atlanta Fine Homes Sotheby's International Realty shares the statistics about the number of homes for sale vs the number of homes sold per month in 2011.

In Atlanta's elite zip code of 30327, known as Buckhead, Tina Hunsicker of Atlanta Fine Homes Sotheby's International Realty shares the statistics about the average sales price vs average list price for homes sold by month in 2011.

In Atlanta's elite zip code of 30327, known as Buckhead, Tina Hunsicker of Atlanta Fine Homes Sotheby's International Realty shares the statistics about the number of months of inventory by month in 2011.

 

 

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Arthur Blank’s Buckhead mansion sold

The front elevation of 3639 Tuxedo Road.

The front elevation of 3639 Tuxedo Road, sold in September 2011, the former residence of Arthur Blank.

After over three years on the market, one of the most breathtaking lots in Buckhead has sold, the owner was Arthur Blank (one of the founders of Home Depot and owner of the Atlanta Falcons). This Buckhead mansion was originally listed at $10,900,000. The tax records state that the home is 7,352 sq ft.

Everyone will always remember the grounds of this property at 4.19 acres… it has the most beautiful gardens, lakes and paths in the heart of Buckhead I’ve ever seen.

This mansion on Tuxedo Road has been open to the public on many occasions. The home was upgraded and featured as the 2010 Atlanta Symphony Decorator Showhouse. The house itself isn’t the most special thing and I wonder if the Decorator Showhouse hadn’t updated many things if it wouldn’t have been torn down to make way for a new home with higher ceilings and larger rooms.

The gardens of the current home of Stephanie & Arthur Blank, located at 1080 West Paces Ferry Road. Photo by Thomas A. Wolfe.

The gardens of the current home of Stephanie & Arthur Blank, located at 1080 West Paces Ferry Road. Photo by Thomas A. Wolfe.

In 2006, The Blanks purchased a home at 1080 West Paces Ferry Road in Buckhead. They apparently renovated the home over the course of two years and moved in during 2008, leaving the property at 3639 Tuxedo Road vacant since then. Their current home has over 15,000 square feet and was assessed by the City of Atlanta at $13,698,000.

Finally this in spring 2011, 3639 Tuxedo was reduced to under $5M and it just closed this past week for under $4M. I do believe the land alone is worth this price and I’m wondering if the new purchaser thinks the same thing and we’ll soon see a new structure  there.

I’m sure there were some emotions involved in this sale; Stephanie and Arthur Blank’s divorce was announced on September 2nd of this year. The house was assessed by Fulton County at $4.8M and Arthur purchased it from Rex Fuqua in 1990 for $1.5M.

Here are some photos of the Arthur Blank’s Buckhead home that recently sold:

Among the most beautiful landscape in all of Buckhead, the previous home of Arthur Blank on Tuxedo Road has sold.

Among the most beautiful landscape in all of Buckhead, the previous home of Arthur Blank on Tuxedo Road has sold.

The elegant entry way at 3639 Tuxedo Road.

The updated kitchen featured at the 2010 Decorator's Showhouse at 3639 Tuxedo Road in Buckhead.

The updated kitchen featured at the 2010 Decorator's Showhouse at 3639 Tuxedo Road in Buckhead.

A memorable dining room at 3639 Tuxedo Road, a home recently sold in Buckhead for under $4M.

A memorable and glamorous dining room at 3639 Tuxedo Road, a home recently sold in Buckhead for under $4M.

The creative craft room at 3639 Tuxedo Road...Arthur Blank's home that was recently sold in Buckhead.

The creative craft room at 3639 Tuxedo Road...Arthur Blank's home that was recently sold in Buckhead.

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