Stone Mountian (Atlanta, Stone Mountain, Clayton: short sales, foreclosures, crime)

[BobMane]

whats up with Stone Mountain ?

i am seeing 3-4 bedrooms home for 20-40k

is there something wrong with the area?

[JPD]

Depends where. Some parts of Stone Mountain are pretty nice, others are pretty bad. I'm guessing these super cheap houses are short sales in the less desirable parts of Stone Mountain.

[researchnerd]

Like any community, Stone Mountain has both desirable and less-desirable areas. Single family homes range from $20k to over $3 million.

That said, the ones on the super-low end of the spectrum are likely to be foreclosures, short sales, and/or distressed homes.

[SW30303]

There are other areas of Atlanta with houses for 20-30K, not just Stone Mountain. I would guess those very cheap houses in Stone Mountain are primarily smaller 2 bedroom houses that were built way back in the 1940s-60s. You generally won't find larger, newer houses at that price range.

You can find some older houses that cheap in other parts of Dekalb, Fulton and Clayton (usually higher crime areas). These neighborhoods tend to be older and definitely not as "safe." In some areas in the metro, the housing prices have really bottomed out.

[BobMane]

"smaller 2 bedroom houses that were built way back in the 1940s-60s."

yes i have seen alot of those, I am from seattle and generally anything that old has foundation issues.


i wonder if thats the same deal here.

[Bizurko]

Originally Posted by BobMane

"smaller 2 bedroom houses that were built way back in the 1940s-60s."

yes i have seen alot of those, I am from seattle and generally anything that old has foundation issues.


i wonder if thats the same deal here.

im not sure but our weather doesn't deteriorate metals as quickly as Seattle's and our ground is more crystalline and not as unstable. Should be better.