Talk about a seller’s market.
It’s been an eventful couple of weeks for this 1965 midcentury-modern relic in the verdant Pine Hills section of Buckhead. Tucked off Lenox Road, the three-bedroom property listed on July 19 for $939,000, saw a 6 percent price increase after that, and then a discount to $949,000 a few days later, according to Zillow.
What resulted was a flurry of buyer interest—and a request to have agents’ highest and best offers on the table by noon Wednesday. It’s under contract now, and listed with Trelora Real Estate.
But what’s really interesting is that the ranch-style, 2,700-square-foot property traded for more than $200,000 cheaper in June 2020, according to city property records. That could lend credence to what experts are saying about year-over-year price increases within Atlanta city limits, estimated by Redfin to be about 23 percent.
The Pine Hills property is highlighted by a true urban oasis in the backyard, with an oversized flagstone patio wrapping a large heated pool and no shortage of greenery. In front, there’s a Tesla charging station installed in the big carport.
Inside, it’s airy and open, lit well by so many windows. Perks include a handsome masonry fireplace and brand names like Sub-Zero and Thermador in the kitchen, though the two and ½ bathroom count (updates likely coming) could seem low for what’s trending toward being a million-dollar property.
Fun fact: In 1976, someone scored this groovy pad for just $88,600. Adjusted for inflation, that’d be about $400,000 today.
• 1134 Bonview Lane NE (Trelora Real Estate)
• Magazine-worthy midcentury modern with architecture pedigree asks $1.6M (Urbanize Atlanta)
