Crabapple, (milton) Georgia (Atlanta, Roswell, North Atlanta: for sale, real estate market, foreclosures)

[markjames68]

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.

I do think they’re overpriced, same as the townhomes in downtown Alpharetta. It’s a hot market and new construction.

Hard to compare to 20 year old condos.

[PacoMartin]

Originally Posted by Need4Camaro

IIf 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.

One of his concerns is if his grandchildren relocate to another state he will be stuck so far from Atlanta. But it sounds like he will probably be able to resell relatively quickly.

There doesn't seem to be any high end apartments in the area.

Originally Posted by markjames68

Hard to compare to 20 year old condos.

The price of the 20 year old condos near Buckhead is a little like price of Bitcoin. For instance, one of the units on the market now has the following price history.

$460,000 listed --------- $346 per square foot
$376,000 May 27, 2015 $283
$315,000 Jul 23, 2013 $237
$268,000 Oct 29, 2008 $202
$360,000 Jun 16, 2008 $271
$374,000 Aug 10, 2005 $282
$358,600 Jul 31, 2001 $270

While the following is a sample house in Milton, there is some indication that home prices are more stable in Milton. Presumably condo prices will be as well.
$665,000 Apr 23, 2019
$579,000 Apr 15, 2004
$550,000 Sep 24, 2002
$560,000 Sep 20, 2002
$518,000 Aug 13, 1999
built 1990

[VJP]

Originally Posted by PacoMartin

One of his concerns is if his grandchildren relocate to another state he will be stuck so far from Atlanta. But it sounds like he will probably be able to resell relatively quickly.

There doesn't seem to be any high end apartments in the area.



The price of the 20 year old condos near Buckhead is a little like price of Bitcoin. For instance, one of the units on the market now has the following price history.

$460,000 listed --------- $346 per square foot
$376,000 May 27, 2015 $283
$315,000 Jul 23, 2013 $237
$268,000 Oct 29, 2008 $202
$360,000 Jun 16, 2008 $271
$374,000 Aug 10, 2005 $282
$358,600 Jul 31, 2001 $270

While the following is a sample house in Milton, there is some indication that home prices are more stable in Milton. Presumably condo prices will be as well.
$665,000 Apr 23, 2019
$579,000 Apr 15, 2004
$550,000 Sep 24, 2002
$560,000 Sep 20, 2002
$518,000 Aug 13, 1999
built 1990

Remember the condo market got hit pretty hard in the recession of december 07. Prices stayed depressed through the end of 2009 into late 2010. The condo you showed, peaked along with the rest of the market into 2006. We didn't recover those prices in the condo market for almost 10 years in-town in a lot of places. There is/was hefty competition with new construction as well.

[markjames68]

Originally Posted by PacoMartin

One of his concerns is if his grandchildren relocate to another state he will be stuck so far from Atlanta. But it sounds like he will probably be able to resell relatively quickly.

There doesn't seem to be any high end apartments in the area.



The price of the 20 year old condos near Buckhead is a little like price of Bitcoin. For instance, one of the units on the market now has the following price history.

$460,000 listed --------- $346 per square foot
$376,000 May 27, 2015 $283
$315,000 Jul 23, 2013 $237
$268,000 Oct 29, 2008 $202
$360,000 Jun 16, 2008 $271
$374,000 Aug 10, 2005 $282
$358,600 Jul 31, 2001 $270

While the following is a sample house in Milton, there is some indication that home prices are more stable in Milton. Presumably condo prices will be as well.
$665,000 Apr 23, 2019
$579,000 Apr 15, 2004
$550,000 Sep 24, 2002
$560,000 Sep 20, 2002
$518,000 Aug 13, 1999
built 1990

Home prices have surged in Milton over the past year. I’m seeing ones over $1 million going to contract within a couple of weeks.

[PacoMartin]

Originally Posted by markjames68

Home prices have surged in Milton over the past year. I’m seeing ones over $1 million going to contract within a couple of weeks.

My brother's primary goal is to be near his grandchildren, but at the same time he now worries about urban life. When his wife was alive they reveled in urban life. But now he worries about crime rates.

The other thing is COVID has essentially destroyed the need to go to an office. He tends to go to clients, or talk on zoom. Many clients live in the northern suburbs.

Crabapple offers a little bit of urbanity mixed into Mayberry.

Of course the problem is that available condos are not actually available for 18 months.


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[Born 2 Roll]

Originally Posted by PacoMartin

One of his concerns is if his grandchildren relocate to another state he will be stuck so far from Atlanta. But it sounds like he will probably be able to resell relatively quickly.

There doesn't seem to be any high end apartments in the area.

There are some nearly brand-spanking new high-end apartments in the highly-touted upscale mixed-use Avalon development in Alpharetta.

Live at Avalon

It may not seem to be located immediately nearby to where your brother’s family lives near Mill Springs Academy in Milton.

But at about 8 miles in distance (each way) it is considered to be extremely close by in proximity by the standards of the very sprawling and spread-out North metro Atlanta suburbs.

The highly-lauded, amenity-loaded Avalon development would also give your brother the significant taste of urbanity that he seems to prefer, but in what is generally a very low-crime upscale suburban area like North Fulton County (Alpharetta/Milton).

There are also high-end apartments at the even newer, but smaller Halcyon mixed-use development on the southeast corner of the Georgia 400 and McFarland Parkway junction on the Forsyth County side of Alpharetta.

Other area apartment developments like Venue Big Creek by ARIUM Apartments, Artesia Big Creek Apartments, Walton Bluegrass & The Legacy at Walton Bluegrass, Juncture and Camden Deerfield Apartments provide your brother multiple high-end apartment living options relatively very near where his family lives in Milton.

[PacoMartin]

Originally Posted by Born 2 Roll

There are some nearly brand-spanking new high-end apartments in the highly-touted upscale mixed-use Avalon development in Alpharetta.

Live at Avalon

It may not seem to be located immediately nearby to where your brother’s family lives near Mill Springs Academy in Milton.

But at about 8 miles in distance (each way) it is considered to be extremely close by in proximity by the standards of the very sprawling and spread-out North metro Atlanta suburbs.

The highly-lauded, amenity-loaded Avalon development would also give your brother the significant taste of urbanity that he seems to prefer, but in what is generally a very low-crime upscale suburban area like North Fulton County (Alpharetta/Milton).

Thank you, that is an excellent suggestion. Avalon looks like it is only 4 miles away from Crabapple.

And it even had some ridiculously expensive apartments if he decides not to invest in a condominium.

I know the apartment he is currently renting is on Peachtree and they are advertised at $3,214 - $6,056 per month, and he can't even stand to go in there because he misses his wife who passed on 12 weeks ago

[jacq543]

Just to piggyback on this post,
What is the commute like from crabapple area to perimeter mall? Would it be better/worse same as commute from johns creek? And are Milton High school and the clusters for crabapple area’s schools are well regarded/good as Walton and Johns creek?

[Go Blue 99]

Originally Posted by jacq543

Just to piggyback on this post,
What is the commute like from crabapple area to perimeter mall? Would it be better/worse same as commute from johns creek? And are Milton High school and the clusters for crabapple area’s schools are well regarded/good as Walton and Johns creek?

Depends on where in JC, but I would say they would be similar. You'd take 400 from Crabapple and 141 to 285 from JC. You're probably looking at 35-60 min commute during rush hour in non-Covid times.

And yes, the Milton zone schools are very similar to East Cobb and JC in terms of reputation.

[Citykid3785]

Originally Posted by jacq543

Just to piggyback on this post,
What is the commute like from crabapple area to perimeter mall? Would it be better/worse same as commute from johns creek? And are Milton High school and the clusters for crabapple area’s schools are well regarded/good as Walton and Johns creek?

It's probably 30 mins during rush hour right now, which is probably very similar to John's Creek. Both of those statements are from the center of those cities. Obviously add time if you live in the far reaches of those cities.