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.
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)