About Fairburn's Merrywood Estates

Real Estate in 30213 Fairburn

The Merrywood Estates subdivision in Fairburn, GA, was hit hard by the current real estate market. Values have dropped by as much as 59% in the last couple of years. Homes that sold for $130,000 in 2003 are now appraising at $55,000. These three bedroom, two bathroom ranch style homes represent an excellent bargain to the smart investor or first time home buyer. Many buyers in the over 40 demographic complain about climbing stair and prefer a ranch style home to a two story for this simple reason. The subdivision has easy access to Interstate 85, the Hartsfield Jackson International Airport and is less than 20 minutes from downtown Atlanta.

Real Estate in 30213 Fairburn

There are three great listings available presently in the subdivision.

• 6889 Smoke Ridge Drive is priced at $60,900. This two story home has 1936 square foot of living space with four bedrooms and two and half bathrooms. While it is a foreclosure that needs some minor tlc, it is a bargain. Previously sold for $147,000 in 2004.
• 6893 Smoke Ridge Drive is priced at $56,000. This two story home has four bedrooms two and half bathrooms with over 2600 square feet of living space. This home needs some work, but you cannot beat the bargain price when you consider that the home sold for $174,000 in 2004.
• 7069 Merrywood Court is priced at $55,000. This HUD Home is a ranch style property with three bedrooms and two full bathrooms. This home has 1336 square feet of living space with a split bedroo floor plan. Great for those buyers who do not want stairs. Only needs minor repairs. Previously sold for $129,000 in 2004.

Real Estate in 30213 Fairburn

For more information on these listings or other Fairburn GA real estate, please give our office a call at 404 923 4210. You may also reach me on my cell at 404 246 3210. We are HUD registered selling broker and we work Certifed REO experts. Thank you!

Let's take a look at real estate in South Fulton, Fairburn, GA - Merrywood Estates

Merrywood Estates (Fairburn, GA) is a newer subdivision in South Fulton County. This subdivision features homes with three and four bedrooms, two or more bathrooms, and a few with basements. The homes were built between 2002 and 2006 in three phases. Sharon McSwain was the builder in the first two phases. The early phases are composed of ranch style homes with two car garages and two story homes with a one car garage or a two car garage. The construction is vinyl siding with partial brick fronts and/or stacked stone.

Merrywood Estates (Fairburn, GA) has been hard hit by the real estate market and has had a lot of foreclosures. Currently four homes are for sale. However, there are other vacant homes indicating that more foreclosures are coming. There is a wonderful group of caring and concerned homeowners who are committed to staying in the community and building it back up so that values get back to where they were at the initial purchase. So Merrywood Estates (Fairburn, GA) is considered a good longterm real estate investment neighborhood.

Average home prices have dropped 55% in the last five years (see Chart below). Sales increased in 2009 compared to previous years, but all were investors and buyers taking advantage of the awesome foreclosure deals. This year sales are down from 2009 but the bargains are still available. Average home prices appear to be bottoming out this year with almost no variance from 2009, and stabilizing through 2011. As foreclosures are eliminated, average home prices should rise again towards the end of 2011 and steadily increase in the next few years to a full recovery of original purchase prices.

Merrywood Estates (Fairburn, GA) currently four homes listed for sale ranging in price from $56,000 to $129,500. Square footage ranges from 1680 to 2701. A buyer can get a lot of house in Merrywood Estates for a small price. To check out the listings in Merrywood Estates, click here or give us a call at 404 923 4210. Also there are links below to each of the current listings in Merrywood Estates, Fairburn, GA.

http://2628525.GeorgiaMLS.com, http://2922668.GeorgiaMLS.com, http://2928960.GeorgiaMLS.com, http://2888381.GeorgiaMLS.com

For more information on South Fulton Real Estate in Georgia, please call us 404 923 4210 or 404 246 3210 or send an email to info@jordonwheeler.com. Thank you!