Historic Brookhaven

PRESENTED by JERE METCALF

COMPARATIVE MARKET ANALYSIS

- HOMES and LOTS -

MARKET STORYLooking 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

PROPERTIES SOLD

HISTORIC BROOKHAVEN HOMES

ADDRESS Bed Bath Half Bath Year Built Sold Price Closing Date TDOM3914 Club Drive 5 5 2 - $2,500,000 Sept 2014 01061 Stovall Boulevard 5 4 - 1929 $2,350,000 6/02/14 04336 Town Commons 5 5 1 1999 $2,500,000 11/18/13 01149 W Brookhaven Drive 6 7 2 - $2,750,000 6/29/14 832896 Mabry Road 6 5 2 2001 $2,325,000 07/25/2014 834130 E Brookhaven Drive 5 5 - 1992 $1,916,000* 1/14/14 191

54 W Brookhaven Drive 5 4 2 1920 $2,150,000* 2/1/14 272

PROPERTIES PENDING SALE

ADDRESS Bed Bath Half Bath Year Built List Price4407 E Brookhaven Drive 5 5 1 2014 $2,095,000

*Buyers completely renovated after they closed

HISTORIC BROOKHAVEN LOTS

ACTIVE PROPERTIES

ADDRESS Sq Ft Offers Listed Price4582 Club Drive - $850,000 -

4010 Club Drive creek mult. showings $825,000

W Club Drive 0.468 +/- acres $725K, $750K $850,000

ADDRESS Sq Ft Sold Price Closing Date4253 E Brookhaven Drive - $1,050,000 12/31/14

1159 W Brookhaven Dr NE 56,628 $2,970,000 4/25/2014

SOLD PROPERTIES

JERE METCALFc. 770.337.7122 o. 404.237.5000

jere@atlantafinehomes.com

3290 Northside Parkway, Suite 200, Atlanta, Georgia 30327 jeremetcalf.com | atlantafinehomes.com | sothebysrealty.com