Crabapple, (milton) Georgia (Atlanta, Alpharetta, Buford: real estate, condos, buying a home)

[PacoMartin]

My brother is looking at buying a home in Crabapple, (part of Milton) Georgia roughly 3 miles from Georgia.

Condos are awfully expensive there.

Has anyone ever been there?

[Mattie]

I live in Milton. What do you want to know?

[Citykid3785]

It's really nice, rolling land with big housing lots. Feels upscale. Lacks big box retail and I think the people like it that way

[Born 2 Roll]

Crabapple is a very affluent outer-suburban community (one of the most affluent communities in Georgia and one of the more affluent communities in the Southeastern U.S.) with very highly rated public schools and an extremely low (largely non-existent) incidence of crime.

One thing of note is that Crabapple is the site of an outer-suburban downtown village area (with shops, restaurants, bars and municipal government buildings) that the City of Milton has been in the process of building up at and around the intersection of Georgia 372 and Mayfield Road.

The high median incomes and the very high quality of the public schools are two big reasons why the real estate prices may seem to be so high in the area.

[Go Blue 99]

We moved here to the Crabapple area last fall and love it.

I assume you are talking about the new construction condos and townhomes in downtown Crabapple. Those are expensive due to the location. You are paying a premium for being in walking distance to all of the restaurants, shopping, and Crabapple Green. For example, the new townhomes at Crossroads Braeburn are selling for about $280/sq ft.

If your brother wants his dollar to go further, he can look at the many large single family homes in Milton. They just aren't walking distance to many amenities.

[markjames68]

I live in Milton (probably within a stone’s throw from Mattie) and have been watching the new development in Crabapple. It’s priced similarly to downtown Alpharetta which makes sense.

What is his budget?

[aries4118]

ohmygodlovecrabapple.


Crabapple
https://en.wikipedia.org/wiki/Crabapple,_Georgia

[murphysp]

It's one of my favorite parts of GA!

[PacoMartin]

Originally Posted by markjames68

I live in Milton (probably within a stone’s throw from Mattie) and have been watching the new development in Crabapple. It’s priced similarly to downtown Alpharetta which makes sense.

What is his budget?

He was considering one of these 20 year old condos in Buckhead in a high rise (high monthly fees on top of mortgage)
$587,000 2184 SqFt $269 per square foot
$460,000 1328 SqFt $346
$439,000 1328 SqFt $331
$399,000 1273 SqFt $313

An unexpected tragedy has made him want to move to Milton to be near his grandchildren (they live south of Mill Springs Academy) and tolerate the drive every day. But he has had an urban lifestyle for decades and he likes to have places within walking distance, so he is not considering a remote townhouse.

I was surprised to see a condo 32 miles from Atlanta priced higher than ones in Buckhead. This one was the cheapest in the building.

Market District Crabapple #6101 $589,900
2 Bedrooms | 2.5 Bath | 1624 SF Interior | 168 SF Terrace
That is $363 per square foot if you just count interior or $329 per sq foot if you include terrace




But from the initial enthusiastic comments it sounds like you don't consider it overpriced.

[Need4Camaro]

Originally Posted by PacoMartin

He was considering one of these 20 year old condos in Buckhead in a high rise (high monthly fees on top of mortgage)
$587,000 2184 SqFt $269 per square foot
$460,000 1328 SqFt $346
$439,000 1328 SqFt $331
$399,000 1273 SqFt $313

An unexpected tragedy has made him want to move to Milton to be near his grandchildren (they live south of Mill Springs Academy) and tolerate the drive every day. But he has had an urban lifestyle for decades and he likes to have places within walking distance, so he is not considering a remote townhouse.

I was surprised to see a condo 32 miles from Atlanta priced higher than ones in Buckhead. This one was the cheapest in the building.

Market District Crabapple #6101 $589,900
2 Bedrooms | 2.5 Bath | 1624 SF Interior | 168 SF Terrace
That is $363 per square foot if you just count interior or $329 per sq foot if you include terrace




But from the initial enthusiastic comments it sounds like you don't consider it overpriced.

It's due to it being located in one of the most affluent suburbs of the Atlanta metro and also home to several high-end tech jobs. High demand (due to proximity of high-end jobs, high quality schools, Downtown Alpharetta / Avalon) and Lower inventory in the immediate area pushes real-estate prices up, not just locality to urbanity such as seen in Buckhead (which also possesses the aforementioned attributes.)

If someone were to leave one of those terraces, they would be replaced within 48 hours max and that would probably be on the higher end of the spectrum currently.

It may be 'expensive' but it technically is selling for market value according to demand of those willing to pay for the real estate to live in that area.

Basically, it's not just about the unit, if you took the same unit and relocated it to lets say Buford, it would probably drop 33% in price, maybe more... but the location of Crabapple / Alpharetta as well as the immediate amenities and demand to live in the area add value to the property.

P.S. -- Not dogging on Buford, just attempting to relay / relate how the differences of locations and local amenities will / can affect price.