The new year has brought new pricing and fresh expectations for a prime-time property across the street from Piedmont Park that’s seen a decade-long saga of setbacks and headaches.
Following a snow-induced structural collapse and other unforeseen obstacles in Ansley Park, three-unit townhome project 1204 on the Park has long finished exterior construction and now hopes to offload its final unsold home.
Lot 2, as it’s called, was listed Monday for $1.5 million—as finished to the sheetrock only.
“The buyer then pulls in a designer and provides us with all of their design choices, and then we deliver the completed home,” Allen Snow, the Atlanta Fine Homes Sotheby’s International Realty listing agent, tells Urbanize Atlanta.
A corner unit sold for $2.1 million last year, and the other is expected to close this quarter for the same price, according to Snow.
The project’s 1204 Piedmont Avenue location in Ansley Park, just west of Atlanta’s marquee greenspace. Google Maps
One aspect of Piedmont Avenue frontage at 1204 on the Park. Courtesy of Atlanta Fine Homes Sotheby’s International Realty; designs, TaC Studios
It’s been a long road for 1204 on the Park to reach the closings stage.
Quick history: The site at 1204 Piedmont Avenue was previously home to the historic Craigie House—also known as the Daughters of the American Revolution House—that had stood for a century behind stately Corinthian columns, across the street from Piedmont Driving Club. It had been built in 1911 by DAR, which still exists as a volunteer organization with membership restricted to those who can prove lineage to Revolutionary War patriots.
By 2012, however, the Craigie House was in beyond-ratty shape when it came to market at the fire-sale price of $399,900, making it one of intown Atlanta’s most unique listings of the time.
The home eventually landed private buyers—a husband-wife team who paid $350,000.
They couple began…
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