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September 26, 2008 | | Comments 0

3 Bedroom Loft Foreclosure!

So this is really rare to find, a 3 bedroom loft foreclosure and not only that, it is a penthouse unit located in the heart of downtown Atlanta!  This place was on the market a year or so ago for almost $700,000, however the foreclosed price is at $380,000!  What a frickin good deal!

To give you a little more detail, it is 3 bedrooms with 3 full baths.   It is approx. 2700 sq.ft and located on the 9th Floor of the building. It has terrific views of Atlanta and it also has it’s own seperated rooftop deck plus it also has a couple of balconies off the main living area.   The 2 main bedrooms are located on the main level but there is a lofted bedroom with it’s own wetbar and bathroom.  There is also a double sided fireplace situated between the living and dining rooms.

The building does not have any amenities(ie. swimming pool, etc) but it does have garage parking. Plus, it is located downtown so you can walk to everything.  Downtown has really become a nice place to live within the last year!

The drawback of course is the monthly HOA fees at $631 per month BUT it is in a property tax abatement for a few more years so having the lower property taxes sort offsets the high HOA fee. 

I cannot stress how great of a deal this loft is!  Most of the 2 bedrooms with less sq.ft in this building are selling at the same price if not for more!  This is a great opportunity for someone who is looking for large sq.ft with almost 2700 sq.ft! 

If you would like more pictures of this Atlanta Loft Foreclosure, feel free to email me at nesa@theloftstop.com – Nesa Kleinheksel

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