Wednesday, February 16, 2011
ATLANTA, GA – The first five months of sales at Serrano (top left photo), the luxury condominiums at 901 Abernathy Road NE in Sandy Springs, have produced off-the-charts success.
Seventy-seven of the 150 homes in the community are sold – that’s 51 percent of the one-, two- and three-bedroom condos, qualifying the building for Federal Housing Administration (FHA) financing.
The homes sold for an average price of $142,605 over the five-month period from August 26, 2010 through the end of January 2011. Serrano is one of six condominium communities launched by ST Residential last year.
“Buyers are realizing this is the perfect economic climate to purchase,” says John Huckaby, ST Residential’s Regional Director in Atlanta. “The economy has presented them with a unique opportunity and Serrano’s value-driven pricing and luxurious amenities are appealing to the savvy buyer.”
Serrano buyers can now apply for FHA home loans. FHA loans offer purchasers the most flexible down payment and qualifying guidelines. Prospective homeowners can now purchase a condominium with as little as 3.5% down. The building is also pre-approved for home loans by MetLife.
Serrano is a five-story condominium community perfectly located off GA 400, extremely close to Perimeter Place and Perimeter Mall, and just a few minutes from Buckhead, Midtown and downtown Atlanta. For those interested in a quick commute and easy access to Atlanta’s best shopping, dining, and entertainment, Serrano delivers.
Serrano’s luxurious amenities feature a lush courtyard with swimming pool, outdoor grill and fireplace. Residents have access to a clubroom with kitchen, a movie room, fitness center, pet walk and controlled-access parking.
The homes feature 13 different floor plans and include stainless steel appliances, granite countertops, crown molding, glass enclosed showers, soaking tubs, double vanities, designer lighting and fixtures, hardwood flooring in the living areas, and balconies.
To learn more about the Serrano condominium community, buyers can call 404.645.7999 or visit http://www.serrano-atlanta.com/
Contact: Liz Lapidus Public Relations. Liz Lapidus/Traci Buch, 404-688-1466