I've been watching the area of Reynoldstown lately, and there is a lot of new development in the pipeline including new Reynoldstown townhomes that are priced on the reasonable side (compared to looking in other popular intown areas such as Inman Park, Midtown, or Decatur). A new townhome and condo development called Moda Reynoldstown is currently underway. This community will feature 45 townhomes and 20 condos. Currently phases one and two are sold out. The townhome options include either 2 bedroom/2.5 bath starting at $259,900 and a 3 bedroom/3.5 bath with rooftop terrace starting at $327,900. Depending on where the townhomes are located, the pricing will vary (meaning the further away the townhome is located from the entrance, the higher the price is). If you are interested in purchasing one of the phase 3 townhomes, they are predicted to be completed and ready for move-in by the end of October 2015. But it already sounds like phase 3 is getting sold very quickly and will be selling phase 4 (located around the pool area) next. Phase 4 is predicted to be completed by Dec 2015. These townhomes will feature wood flooring (except in bedrooms, but can be finished with wood flooring as an upgraded cost), sleek/contemporary flat panel kitchen cabinets, a stainless steel appliance package, and much more. (You can view the details on the Moda website HERE). You can also upgrade your purchase to include custom-built in closets and blind installation. This development will feature a dog park, a vegetable garden, and pool. The complex will back up right behind the Eastside Trail (yet to be completed). If it does what it did to the Inman Park area, homes that are right up to the Beltline have turned to gold!
In my opinion, these Reynoldstown townhomes are a really good buy. Generally, new construction will sell at its cheapest at the start and will only increase in price with time. Not only that, but I think Reynoldstown may be one of the up and coming areas of town. I don't have a crystal ball (boy do I wish I had one!) but with all that is developing in Reynoldstown, I think it's going to be one to keep your eye on. Sure, right now if you drive through Reynoldstown you may think it is a bit questionable. I won't deny that there are a series of dilapidated houses that need to be torn down and there are sections of the area that are sore to the eyes. But, you'll also notice that for every couple of older homes, there is a newly constructed craftsman or modern home being built. Many younger professionals are moving in and I think they are going to be happy they did so when it comes time for them to sell. I think if you give this community time, it will be a good investment and I've listed a few reasons why.
Top Reasons Reynoldstown Real Estate Is Set to Thrive:
Did you know that Reynoldstown was crowned Atlanta's 2014 Neighborhood of the Year by Atlanta.Curbed.com? See article here
It's located next to the upcoming Beltline that will be constructed at some point in the future
It's also located next to Edgewood Retail District, which is convenient for all your daily shopping needs.
Other new projects are happening in the area. Just across from the Edgewood Retail District is the new construction development called Reynoldsotwn Elan, a mixed-use development of retail shops/restaurants and apartments. The Reynoldstown apartments will vary from studios to 2-bedrooms.
It has great walkability, which is something that Atlantans love. Especially when the beltline is completed, it will be a nice walk to neighboring Inman Park and have lunch at Krog Street Market.
Reynoldstown has easy access to other intown destinations (and a drive to the airport should take 20 minutes max!)
MARTA stops right off into Reynoldstown - talk about convenience for when you want to go to a football game downtown or to the airport.
There is funding for an outdoor performance stage called the Beltline's Reynoldstown Stage
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