The master bathroom has dual sinks, a whirlpool tub and separate shower.  The master closet is plenty big and there is extra storage in the unit as well as a separate storage unit in the building.

The Kitchen does have a gas stove with Stainless Steel Appliances, plenty of cabinets and expansive countertops for ease of cooking.

Mathieson Exchange Lofts is a luxury Hi-Rise Loft building located in the Heart of Buckhead!  Amenities include 24 hour concierge, swimming pool, fitness center and a large Rooftop Clubhouse.

The owner is super motivated and has slashed the price down to $209,900k, which is an excellent deal for a 2/2 in Buckhead!  The building is also FHA approved, although, if you have a great credit you are better off going with a 5% conventional loan at this time.

For more information and for additonal pictures, please visit out website at http://www.greatatlantalofts.com/avail_mathieson.htm or call us at 404-579-9307.

With the additon of Ponce City Market and the new Old Fourth Ward Park that just recently opened over the last year, this area is quickly on the uprise. Plus, right around the corner there from these loft buildings is Home Depot, Whole Foods, Barnes and Nobles and several other retail and dining establishments. Not only is this area convenient to major highways, but it just a mile down the road from Midtown!

If you would like more information and to see the future plans of Ponce City Market, please see their website at www.PonceCityMarket.com and to keep up to date on the latest announcements regarding this project, visit them on Facebook.

For more information in regard to the loft buildings in this area, please visit us at http://www.greatatlantalofts.com/new_ponceyhighland.htm.

We currently have 3 programs to choose from, Tenant Procurement Program, Full Property Management Program and Do it Yourself Leasing. All three of our programs are tailored to accommodate any owner who is interested in leasing their unit.

If you are in need of renting your loft, condo, or townhome in the metro Atlanta area and would like more information in regard to our fees and what we have to offer, feel free to visit our website, www.atlantaloftrentals.com or call us at 404-681-9304.

Atlanta Beltline purchased the building and thanks to them, you can enjoy the benefits of living on the Beltline with their huge downpayment assistance programs. In order to qualify,a 2-person family, cannot earn more than $68,300, must be buying a home within the official Beltline overlay district, must be able to bring $1,500 to closing, have a fixed rate mortgage and have good credit. If you fall under this criteria, you could possibly receive up to $60,000 in downpayment assistance!

FHA is also a bit more lenient with their qualifying guidelines as well. A credit score of 620 and above is required, along with 2 years of steady employment. The interest rate for FHA is going to be slightly higher than conventional but it is so minimal that most of the time FHA is a better route to go. There is also a 1% up front Mortgage Insurance Premium, which is usually rolled into your loan.

With conventional financing we are only allowed to ask the seller to pay up to 3% towards the purchasers closing costs and prepaid’s, but with FHA we can go as high as 6% in allowable contributions. That 6% can go toward closings costs, prepaid’s, or towards HOA fees. However, with HOA fees, the guidelines will not allow for more than 1 year to be paid by the seller.

Now to the drawbacks of FHA, which aren’t many, except that 75% of Atlanta Condo and Loft buildings are not currently FHA approved. If a building is not FHA approved you cannot do FHA financing on it. However, sometimes a lender or the association may be willing to do the paperwork for FHA approval, but expect that to take a good 4-6 months to happen. Even though the paperwork is submitted, it doesn’t necessarily mean that the building will get approval. FHA is going to look at the buildings financial’s and if they aren’t up to par, than forget about it.

If you would like more information on FHA, please visit their website at FHA.com. If you would like to know if a particular building is FHA approved or if you have questions regarding the purchasing process, feel free to give me a call at 404-579-9307 or nesa@greatatlantalofts.com – Nesa Kleinheksel – Realtor

A 5 Year ARM is a unique hybrid program which combines the best features of both the adjustable and fixed rate products. It delivers a very low interest rate and, therefore, a lower monthly payment typical of ARM’s. However, it also gives home buyers the stability and predictability of fixed payments that will not increase in the near future as the rate is fixed for the first five years and then can change annually.
As the 30 year fixed rate has surged from 4% to 4.75% over the last few months, the 5 year ARM rate has stayed remarkably low creating an unusually large gap and one heck of an opportunity for certain home buyers. Contrast this week’s Conforming 30 year fixed rate of 4.75% with only a 3.625% Conforming 5 Year ARM rate. This 1.125% savings amounts to a monthly payment savings of $131.19 on a $200,000 loan!

With the potential of the rate varying after five years, the 5 Year ARM product does have interest rate risk. However, there are limits on how much the rate can increase each year and an overall cap which limits the most the rate can ever increase. The annual cap is 1% for the FHA product and 2% for the Conforming/Jumbo option. After five years the rate is determined each year by adding a margin of 2.25% to the One Year LIBOR Index. The most the rate can ever increase is 5% over the initial rate.

-Fairfield Mortgage of Atlanta

Loft buildings that are either on or within walking distance to the park will definitely be impacted by this new park..in a good way!  Buildings that fall north of the park will include Glen Iris Lofts, Troy Peerless Lofts, Ponce Springs Lofts, and City View Lofts.  To the east of the park is Sager Lofts and Studio 7 Lofts.  Then to the south of the park are Freedom Lofts, Copenhill Lofts, Block Lofts and Nugrape Lofts.

If you would like more for more information about the Beltline and the progress of the Old Fourth Ward Park visit http://www.beltline.org .

The first loft is an incredible 3 story authentic loft with a private rooftop deck!  Seriously, this is quite the loft and a fantastic opportunity to buy an authentic loft in the heart of Inman Park!  Currently used as residential and a photography studio this 2500 sq.ft loft has tall wood timber ceilings, hardwood floors, updated kitchen and a private outdoor area!  Plus, they have been starting to clear away some of the old railroad ties and making clear for the new Beltline(trolley system) across the street.   Words can’t really describe this loft it is massive and incredible.  Take a look at the picture!  I would say this loft  truly does resemble a loft that you would find in New York.  The only other lofts out there that would be somewhat similar to this one are units over in Castleberry Hill, but to find something like this in Inman Park  is just incredible!  Plus, there are only 3 units in the entire building and it has a private front entrance and back entrance.  If you are looking to use it as live work there is a loading dock that goes  right up to the unit! Currently priced at $529,900. Monthly HOA fees are only $125 per month!

The second loft that I have listed is another live/work loft in Inman Park, matter of fact it is right next door to the one above.  This loft is actually more of a raw space even though there is a kitchen and bathroom in place.  This unit is also massive, almost 3100 sq.ft.!!  All on one level and seperated into 3 bedrooms.  There is a ton of stuff that you could do do to this unit to make it look stellar!  This unit also has a private outdoor area and 2 dedicated parking spaces.   Private front entrance and the loading dock also goes right up this unit.  This unit is in a Co-Op building, for all the New Yorkers out there you know what that means, for the rest of you a Co-Op works much differently than a normal condo/loft building.  The major difference is that you are buying shares of the builidng, even though you own the unit, you are still buying shares.  What does this mean?  First is that there are no monthly HOA fees, there are quarterly fees.  For this particular unit they are about $1450.00 each quarter…and before you grown..those fees do include PROPERTY TAXES along with garbage and water. So, really for a unit that is this large those fees are not too bad because of the property taxes rolled in.   If you want more details about how a co-op works, feel free to give me a call!  Currently priced at $399,900!

Waters Grocery Loft

Here’s a cool loft that came on the market this week!  It’s a unit in the Waters Grocery Store building in Grant Park.  This is truly rare since there are only 4 units in this building.  Grant Park is mainly comprised of old Victorian homes, so finding a loft in the heart of Grant Park is highly desirable, plus where this building is located is ideal because it is only 1 block from the Park.  Grant Park is a quiet neighborhood located about a 5 minute drive Southeast of Downtown Atlanta.  The Zoo and the Cyclorama are both located in Grant Park as well.   Although, Piedmont Park is Atlanta’s most well known park, the park in Grant Park is just as nice and it’s a little more low key than Piedmont Park.   There are also several restaurants that you can walk to including Ria’s Bluebird Cafe, Six Feet Under, Dakota Blue and Stella Trattoria.   For more information about Grant Park, check out their website, www.GrantPark.org.

About the loft itself, as I mentioned it is in the Waters Grocery Loft Building which is a vintage store front conversion. This loft has 1 bedroom and 1 1/2 baths with approximately 1320 sq.ft. 

Waters Grocery Bedroom

 The features that set this unit aside from other lofts is the 18 ft. ceilings, gas fireplace and the exposed brick walls.   Everything in this loft has been upgraded to its finest including, Bead board ceilings; Bead board accent walls & wainscoting; Original terrazzo floors; Huge thermal pane windows; Extensive down lighting; Subway tile bath with jetted tub & rain shower, double vanity with stainless steel under mount sinks & granite counter tops; Master bedroom with walk in closet; Guest hall bath; Kitchen features custom dark stain & glazed maple cabinetry, granite countertops with island and top of the line Frigidaire stainless steel appliances; Last and not least there is an Oversized laundry room & pantry. There is an additional loft area with limited ceiling height that could be used for storage or as a crash pad.

Another interesting fact is that it is also zoned as a live/work space.  So, if you wanted a space for just your office in the middle of Grant Park, you can!

Waters Grocery Kitchen

The monthly HOA fees are cheap, at $75 per month too.  The parking for the loft is on the street.

Currently priced at $300,000.  Not a bad price in my opinion since it is pretty hard to find something like this. 

If you would like more information about this fantastic loft, please contact me at nesa@theloftstop.com or 404-579-9307