508 Bismark Rd NE,

Atlanta, GA 30324

LISTING Comparative Market Analysis

THE PROPERTY

508 Bismark Rd NE,

Atlanta, GA 30324

• Year Built: 2018
  
• Bed: 4
• Bath: 3.5
• Lot Size: 2,178 sqft
• Type: Townhouse
• Subdivision: Manchester

key features

• Interior: Open-concept living areas with high ceilings, ​large windows for ample natural light, and hardwood ​floors throughout.
• Kitchen: Gourmet kitchen with stainless steel ​appliances, granite countertops, and a center island.
  
• Outdoor Space: Private rooftop terrace with views of ​the surrounding area.
  
• Garage: Attached two-car garage.
  
• Energy Efficiency: Energy-efficient features like dual-​pane windows and smart thermostats.
  

COMMUNITY & LOCATION

• Schools:
• Elementary: Morningside
  
• Middle: David T. Howard Middle School
  
• High: Midtown High School
  
• Neighborhood: Lindbergh/Morosgo
  
• Easy access to major highways and public transportation
• Tree-lined streets with nearby parks
• Close to dining, shopping, and entertainment options
• Desirable location for families, professionals, and urban ​dwellers seeking a dynamic environment

CMA

average pricing

Home Features That Increase Value

Nearby state, county, or city parks

If your home is in close proximity to any parks, this could positively affect it’s value. Studies have shown that ​homes within 1500 feet of public parks can increase the value anywhere from 8-20 percent.

Nearby professional sports arenas

Being close to big entertainment centers can be beneficial. Of course a location like this won’t be ideal for ​every buyer, but being close to stadiums has generally shown to increase home values.

Starbucks

According to “The New Rules of Real Estate” by Zillow’s CEO and Chief Economist, homes near this popular ​coffee chain are shown to appreciate faster than those located farther away.

Trees

Landscaping and curb appeal often get overlooked as features that can increase your home’s value. However, ​trees are a valuable asset! Whether they’re in your yard or just around the neighborhood, having well-kept ​mature trees can increase your home’s value.

Walkability

Is there anything nearby that you can walk to? Schools, shops, grocery stores, etc. Highly walkable ​neighborhoods are likely city dwellings but even in suburban communities just having a few things to walk to ​can increase the value of your home.

View

Sometimes home values in the same neighborhood can vary greatly based on location in the neighborhood. If ​your home has a nice view, that will most likely have a positive impact on its value.

Again, I encourage you to take some time to think about all the factors that might positively affect your home’s ​value. Take these into consideration before deciding on a final list price.

Home Features That Decrease Value

Smoking Indoors

Certainly everyone is entitled to utilize their home according to their lifestyle, however, if there's a lingering smell of ​smoke, that could negatively affect the value. Smoke seeps into furniture, carpet, and draperies and often is ​extremely difficult to permanently get rid of.

Odors

Many people become "nose blind" to odors in their own dwelling. As previously mentioned smoke is a big factor but ​other odors can be a problem. Pets are usually the biggest factor.

Higher than average crime rates

When was the last time you checked the crime rates in your area? If you've never checked or haven't done so lately, ​you can find them at crimereports.com. Be sure to compare your neighborhood to surrounding neighborhoods to see ​how the rates vary. If you're in an area with high crime rates, that can definitely decrease the value of your home.

Extreme renovations

We all love personalizing our living spaces to our exact tastes, however, when remodels and upgrades are only ​pleasing to a small percentage of people, this can be a big disadvantage when it comes to your home's value. Try to ​look at your home through the eyes of the average consumer - are there any colors or extreme styles that might turn ​someone off? If so, and they're relatively easy to fix, consider doing so before listing your home.

High Maintenance Yards

The yard is often times the first thing potential buyers notice about your home. If the landscaping hasn't been taken ​care of it can look like an overwhelming amount of work to a prospective buyer and they'll likely take that first ​impression with them through the rest of the home. If you have a high maintenance yard, make sure it's well taken ​care of before showings.

Surrounding homes condition

The condition of your neighbor's homes can unfortunately impact the value of yours. When appraisers come around ​to determine a value for your home, they take notice of what the surrounding homes look like. If there are heaps of ​garbage strewn about your neighbor's homes or obvious maintenance problems that haven't been taken care of, that ​can potentially have a negative impact on the value of your home - regardless of how well you've kept it.

3-Point Pricing Overview

Above

Fair

Below

Now that we've reviewed the market, there ​are three primary pricing strategies:

1. Price above market value

2. Price at fair market value

3. Price below market value

Client Reviews

I’ve known Raquel Twine of Atlanta Luxury Homes for nearly a decade ​and have always admired her commitment to excellence. During our ​relocation to Atlanta from Minnesota in May 2023, Raquel's ​professionalism shone through despite a tumultuous market. She ​dedicated entire days to guiding us through the housing market, showing ​patience and loyalty, and ensuring we made informed decisions. After ​losing out on several bids, Raquel helped us find a home in Marietta, GA, ​and supported us with her extensive network of vendors. Her attention to ​detail and dedication to her clients are exceptional, and we are thrilled to ​endorse her services.

Matthew and Dawn Horace

Atlanta Luxury Homes and Condos consistently delivers exceptional ​results. Their ability to manage transactions smoothly and identify prime ​investment opportunities is impressive. I’m confident in their expertise ​and highly recommend them to fellow investors.

Linda Thompson

Working with Raquel Twine was a pleasure. Her attention to detail and ​commitment to achieving the best outcome for my home sale were ​evident throughout the process. Raquel’s expertise and personal touch ​made the experience exceptional. I couldn’t be more satisfied!

Jameson Carter

The team at Atlanta Luxury Homes and Condos has been instrumental in ​expanding my investment portfolio. Their market knowledge and ​commitment to finding the right properties have been invaluable. I ​appreciate their thorough approach and exceptional service.

Evelyn Brooks