COMPARATIVE
MARKET ANALYSIS PRESENTED by JERE METCALF
Historic Brookhaven - HOMES and LOTS -
MARKET STORY Looking at a comparative market analysis for Historic Brookhaven homes and lots, it can be concluded that buyers want big, new, nice homes from $2.5 million to $2.75 million and are buying lots from $850,000 to $1.1 million. Included are some sales in the low $2 million, as they needed updates and were immediately renovated after purchase. The house at 53 W Brookhaven was less than $4,500 above grade and sold for $2.15million. It then had a complete renovation done to it. The comps to the right show that the newer, updated homes sell more quickly for even more money and that the prices in Historic Brookhaven are growing exponentially. For a price range between $2.5 million to $2.75 million, buyers are looking to be in Historic Brookhaven. When they find what they want, they buy. WHAT THEY TEND TO WANT/PREFER: • • • • • • • • •
6,000 finished square feet A finished basement that is 1,500 to 2,000 square feet A wine cellar A pool 5 to 7 bedrooms 5 baths and 2 half baths (or more) All hardwoods Grey color scheme Carrara countertops in kitchen
• • • • • • •
Wolf and Sub Zero appliances A double oven (gourmet kitchen features) A second stairwell to the upper level Heavy molding and finishes Top-of-the-line windows and finishes Fireplaces in the master suite, great room and living room Porches, patios, terraces
• A minimum of 3 or 2-car garages with porte-cochere
MARKET COMPARABLES HISTORIC BROOKHAVEN HOMES PROPERTIES SOLD ADDRESS
Bed
Bath
Half Bath
Year Built
Sold Price
Closing Date
TDOM
3914 Club Drive 1061 Stovall Boulevard 4336 Town Commons 1149 W Brookhaven Drive 2896 Mabry Road 4130 E Brookhaven Drive 54 W Brookhaven Drive
5 5 5 6 6 5 5
5 4 5 7 5 5 4
2 1 2 2 2
1929 1999 2001 1992 1920
$2,500,000
$2,325,000
Sept 2014 6/02/14 11/18/13 6/29/14 07/25/2014
$1,916,000* $2,150,000*
1/14/14 2/1/14
0 0 0 83 83 191 272
$2,350,000 $2,500,000 $2,750,000
*Buyers completely renovated after they closed
PROPERTIES PENDING SALE ADDRESS 4407 E Brookhaven Drive
Bed 5
Bath 5
Half Bath 1
Year Built 2014
List Price $2,095,000
HISTORIC BROOKHAVEN LOTS ACTIVE PROPERTIES ADDRESS
Sq Ft
Offers
Listed Price
creek 0.468 +/- acres
$850,000 mult. showings $725K, $750K
$825,000
ADDRESS
Sq Ft
Sold Price
Closing Date
4253 E Brookhaven Drive
56,628
$1,050,000
12/31/14
$2,970,000
4/25/2014
4582 Club Drive 4010 Club Drive W Club Drive
$850,000
SOLD PROPERTIES
1159 W Brookhaven Dr NE
JERE METCALF
c. 770.337.7122 o. 404.237.5000 jere@atlantafinehomes.com 3290 Northside Parkway, Suite 200, Atlanta, Georgia 30327 jeremetcalf.com | atlantafinehomes.com | sothebysrealty.com