RealtyLens
for saleRealtyLens property overview
$575,000

1248 Barnes St NW

Atlanta, GA, 30318
View more Atlanta, GA property pages
3Beds
2Baths
1,276Sqft
$451$/sqft

Listing Notes

Located in the heart of Atlanta's rapidly evolving and dynamic West Midtown growth corridor, this property sits in the highly coveted Home Park neighborhood, offering a rare blend of urban convenience and stunning skyline views. 1248 Barnes has the historical character of a 1930's cottage on the inside and a lovely garden setting on the outside. The location is a walker's paradise, positioned just steps from dining and retail at Atlantic Station, Westside Park and the Atlantic Station Dog Park. Bordering the Georgia Institute of Technology, the area serves as a vibrant innovation hub, attracting a consistent flow of tech professionals, faculty, and students, making it one of the city's most strategic investment pockets. This versatile property presents a premier opportunity to renovate for your new sweat equity home sweet home, or renovate and hold as rental, or tear down for a new build in an ultra-competitive market. With flexible R3 zoning, the property is a canvas for high-end new construction, whether you envision a luxury single-family residence or a high-value duplex. Investors can capitalize on the massive rental demand driven by the nearby university and major corporate employers, while owner-occupants have the chance to transform the existing structure into a custom dream home. Whether you are looking for a high-yield rental or a flagship development project, this property offers unmatched potential in one of Atlanta's high demand neighborhoods. If you choose to work with the original design of the home and only want to do cosmetic upgrades, the roof and HVAC are 7 years old, water heater is 2 years old. 3rd bedroom is used as a bedroom, but does not have a closet, it does have a door, window and en suite bathrooom. Come see this opportunity for yourself!

Market Insights

Above nearby median+61%

$451/sqft vs a nearby median of $280/sqft.

Nearby median$280/sqft
Nearby properties12
Property size1,276 sqft
  • +61% versus the nearby median price per square foot.
  • Price history is limited, so current comps matter more than trend alone.
  • 1,276 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$363k$324k$402k · 33% confidence
vs ask $575k+$212k (+36.9%)

Asking price is about 36.9% above where comps + adjustments land — there is room to negotiate.

$278/sqft median across 4 tight comps × 1,276 sqft= $354k
  • Pre-war character+$9k +2.5%
Cumulative NYC adjustments+$9k+2.5%

Property Read

FreshnessVerification recommended

The page is useful for research, but the status and price should be verified before acting.

Market Position+61% vs nearby

The property is priced above the nearby median per square foot, so condition, building quality, and exact location need to justify the higher ask.

Price MovementInitial price point

Price history is still limited; review again as more market activity becomes available.

Diligence Read2 items to check
AI ReadinessReady to analyze
Assistant read

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Generated from the facts shown on this page and nearby market data. Not a professional appraisal.

Listing Details

Days on market
4 days
Last price change
No change recorded
Listed
May 9, 2026
Photos
31 photos
Property type
single family
Status
for sale

Photos

Price History

May 8, 2026Initial record
$575,000for sale

You can also find this listing on Realtor.com.

Listing data sourced from realtor.com. RealtyLens enriches and contextualises it for you, but the original listing lives on the source.