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MARIETTA DAILY JOURNAL  SUNDAY, FEBRUARY 26, 2012

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REAL ESTATE

Housing Continued from Page 6FF

Staff/Samantha M. Shal

Eileen Thompson stands on her fourth-floor balcony at Emerson Overlook where she has a view of Marietta and the sunrise each morning.

Woman falls in love with condo Emerson Overlook offers resident convenience, an unbeatable lifestyle By Sally Litchfield MDJ Features Editor sallylit@bellsouth.net

When Eileen Thompson moved into her condominium at Emerson Overlook off the Marietta Square, she found a perfect place for an unbeatable lifestyle. Eleven years ago, Thompson moved to Marietta from California with her husband to be near her son, a Woodstock resident. She and her husband purchased a home off Polk Street close to the Marietta Square. “We fell in love with the Square,” Thompson said. When her husband passed away in 2004, Thompson began Above left: Thompson's new home has reminders of the past, including this antique chair. The story thinking about downsizing. behind the chair is that it has been in Thompson's husband's family for more than 100 years and trav“I wanted a home that required eled across the Oregon Trail. Above right: Thompson's condominium is decorated for Christmas. less maintenance,” she said. Below: Thompson occupies a fourth-floor condominium at Emerson Overlook. In 2008, Thompson looked for offers luxurious homes in the a new home. heart of Marietta. “I was interested in getting a Thompson enjoys the proximicondo,” she said. ty to the Square her new home Thompson noticed a banner offers. advertising Emerson Overlook She regularly walks to the while on a trip to the bank. Square for conve“I thought I niences and enjoyment would just go ‘It’s a dream come such as coffee and a look,” she said. true. I fell in love with paper. “I walked into “It’s a dream come my unit and said, the Square 12 years ago, and to be able to true,” Thompson said. ‘This is it.” be so close to it where Another favorite She moved everything is so conve- benefit is the view. into her home in nient is wonderful.’ “When I got this August. unit, I thought, ‘Oh A corner unit — Eileen Thompson, at Emerson Overabout Emerson Overlook wow, I can look at a condominiums sunset every night look, Thompwhen there’s a good son’s spacious one,’” she said. two-bedroom, With a new home in an ideal two-bath condominium overlooks place, Thompson enjoys her the Marietta Square toward Kenlifestyle. nesaw Mountain. “I fell in love with the Square “I fell in love,” she said. Overlook, 326 Roswell St., visit so convenient is wonderful,” she 12 years ago, and to be able to be Emerson Overlook, one of said. “I am very pleased.” www. emersonoverlookconso close to it where everything is Marietta’s few condominiums, To learn more about Emerson dos.com.

Cottages at Parkview Village offer convenience, luxury, style By Marcus E. Howard mhoward@mdjonline.com

SMYRNA —The Cottages at Parkview Village is a well-established community in the city of Smyrna just minutes from Interstates 75, 285 and Vinings. The neighborhood is described as perfect for people seeking the convenience of city life, as it is within close proximity and walking distance of the Smyrna Market Village, Smyrna Community Center, Smyrna Library and city parks. Homes in the Cottages at Parkview Village range from the $290,000s to $380,000s. The first three homes constructed by Red Oak Realty were completed in October. There are several floor plans to choose from, and homeowners can select their

favorite and create the home of their dreams. Each home has elegant elevations with brick and accent exteriors, as well as a two-car garage. Basement homes are available. The Gadsen has three bedrooms and 2 1/2 baths. Highlights include a secondfloor bonus room, an open kitchen with a breakfast bar and pantry, and an owner’s suite with a separate sitting room and covered porch. The Aiken is a three-bedroom, 2 1/2 plan with a second-floor retreat and a gourmet kitchen that includes a separate breakfast area and access to a rear patio. The Sonoma has four bedrooms and 2 1/2 baths. The island kitchen opens into a fireside living room. Upstairs is the master suite that has a vaulted sitting room and access to a cov-

ered porch. The Sagamore has five bedrooms and four baths, including a full bedroom and bath on the main level. The kitchen features a large breakfast area and a vaulted keeping room. The expansive master suite has a vaulted master bath and spacious walk-in closet. The Darby Hill has three bedrooms and three baths. There is also an additional guest bedroom/den on the main level. A second-floor bonus room provides ample space for a home theater or game room. The St. Andrew has three bedrooms, three baths and a fourth bedroom that can be used as a study. A children’s retreat on the second floor provides an extra play area. The home also has separate dining and living rooms for formal occasions.

closings this year, as opposed to 50,000 a few years ago. Palm and Hunt said the real downfall of Georgia’s housing market, besides the economy, could be the astronomical number of banks who have closed in Georgia and caused a trickle-down effect in home values, prices and foreclosures. Hunt called Atlanta “ground zero for the failure of banks” and said those closures have had horrible effects on appraisals both going up and going down. “Georgia’s the top in the nation for bank closures — it’s not even close,” Palm said. “From 2001 to 2008, we had 25 banks close. From 2008 to now, we’ve had 412 banks closed. Almost one out of every five banks close (in the nation) have been in Georgia.” Palm said bank closures peaked in 2010, and while 2011 is about 70 less than 2010’s numbers, Georgia is still seeing more banks close than any other state. Palm said Cobb, along with Forsyth, Cherokee and Gwinnett counties, as well as northern Fulton County, have had the best resale markets in the metro Atlanta area, with Forsyth coming in at No. 1 for new home construction. Palm said that Cobb is really going to see improvements in the housing market in 2013. Palm said the single, non-married buyer is also now buying more homes than the traditional married couple. And because home prices have dropped to the lowest values in nearly 20 years, most of those buyers are closing on historically low-priced homes. Palm said 50 percent of all closings this year have been under $100,000 and almost 25 percent of those sales are for homes less than $50,000. “We’re selling a bunch of homes now because they’re so cheap, and a lot of investors are buying these homes. And it’s going to keep going up,” Palm said, adding that the third quarter of 2011 saw the best increase in sales since the first quarter of 2006. “But for the past 37 months we are now averaging about 500 permits per month. This is jobs. There are virtually no jobs associated with resales, while new construction has tons of jobs … We have the lowest inventory we’ve had since 2001. But we don’t have horrible inventory. We have a horrible economy.”

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Marietta Daily Journal Progress 2012  

Marietta Daily Journal Progress 2012

Marietta Daily Journal Progress 2012  

Marietta Daily Journal Progress 2012