Adair Park Real Estate

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Adair Park Real Estate & Homes for Sale in Georgia

Atlanta, Georgia is known for its diverse neighborhoods. From historical residential communities to trendy urban living, Atlanta is a city that addresses the lifestyle options of many. Adair Park is one of Atlanta’s communities that presents a distinctive set of charms, including historic residential architecture, neighborhood merchants housed in brick buildings and a relaxing community park. This picturesque historical district dates back to the latter half of the 19th century, when the city of Atlanta was beginning to show signs of evolving into much more than a railroad hub. Just after the Civil War, a group of land investors saw signs of future growth and began to purchase large sections of land. One of these investors was George Washington Adair. Adair formed two companies to increase the value of his investment; Atlanta Street Railway Company provided trolley access and Atlanta Real Estate Company continued to purchase and develop Atlanta property. The Adair Park subdivision, located just 10 minutes southwest of downtown, was designed and sold in lots to residential buyers just after the turn of the century. Today, the community still very much represents the era of its development. Properties are characterized by mature landscaping and varied architectural styles, including Craftsman, Queen Anne, Gothic Revival and Folk Victorian. The neighborhoods associated with the Adair Park district are: Capital Homes, McDaniel Glen, Mechanicsville, Peoplestown, Pittsburgh and Summerhill.

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Price Range of Adair Park Houses

The residential properties of Adair Park, Georgia are characterized by mature landscaping and historic architecture. While the yards in Adair Park are typically compact, this is more than made up for by the distinctive styling of the historic homes. The bulk of residences in the community are single-family homes. Condominiums and townhouses range in price from under $100,000 to the high $300,000s. The predominant home style is the Craftsman bungalow, but homes in the Folk Victorian, Queen Anne and English Vernacular Revival are also available. Prices for detached, single-family homes range from under $100,000 up to the high $800,000s. Land lots are also available for custom building starting at under $100,000 and ranging up to as much as $1 million and more.

Adair Park Real Estate Stats and Trends for the week of April 20th, 2020: homes priced around $251,173 compared to $251,110 the previous week, for a slight increase of less than +1%.  For Monday, April 20th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.

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