Overview of East Lake Terrace, Decatur, GA

East Lake Terrace is a vibrant and historic neighborhood in Decatur, GA. Known for its charming tree-lined streets and welcoming community, this area has become a sought-after place to live. With a population of around 25,000, East Lake Terrace offers a mix of single-family homes, townhouses, and condos. The neighborhood's convenient location provides easy access to downtown Atlanta, making it ideal for those who work in the city but prefer a quieter, suburban lifestyle.

Real Estate Market Trends in East Lake Terrace

Current Market Overview

The real estate market in East Lake Terrace has been booming, reflecting the overall growth seen in Decatur and the greater Atlanta area. The average home price in East Lake Terrace is approximately $350,000, with prices ranging from $250,000 for smaller, older homes to $600,000 for larger, newly renovated properties. Homes here typically spend about 30 days on the market, showcasing the high demand for properties in this area.

Average Price Per Square Foot

Homes in East Lake Terrace are priced at an average of $200 per square foot. This price can vary significantly depending on the condition of the home, the specific location within the neighborhood, and the size of the property. For example, a 1,500 square foot home might sell for around $300,000, while a 2,500 square foot home could reach prices closer to $500,000.

Historical Data and Future Projections

Over the past five years, home prices in East Lake Terrace have increased by about 20%, reflecting the growing desirability of the area. Experts predict that this trend will continue as more people seek out the neighborhood's blend of historic charm and modern amenities. With its strong sense of community and proximity to both Decatur and Atlanta, East Lake Terrace is poised for continued growth.

Popular Streets and Areas

Some of the most popular streets in East Lake Terrace include Second Avenue, which is known for its beautiful older homes and large lots, and Hosea L. Williams Drive, which offers a mix of commercial and residential properties. These areas are particularly attractive to buyers looking for a blend of suburban tranquility and urban convenience.

This content provides a detailed and informative look at East Lake Terrace, highlighting key aspects of the neighborhood and its real estate market in a way that is engaging and easy to understand.

Types of Homes Available

East Lake Terrace features a diverse array of homes, catering to different tastes and preferences. The neighborhood is known for its charming bungalows, spacious ranch-style houses, and modern townhomes. Most homes in East Lake Terrace were built between the 1940s and 1970s, giving the area a distinct historical charm.

Bungalows

Bungalows are one of the most popular home styles in East Lake Terrace. These homes are typically smaller, with an average size of about 1,200 to 1,600 square feet. Bungalows often feature cozy front porches, hardwood floors, and original architectural details like crown molding and built-in cabinetry. Prices for bungalows range from $250,000 to $400,000, depending on size and condition.

Ranch-Style Houses

Ranch-style houses in East Lake Terrace offer more space and are ideal for families. These homes usually range from 1,800 to 2,500 square feet and are situated on larger lots, averaging around 0.3 to 0.5 acres. Ranch-style homes often include three to four bedrooms, two to three bathrooms, and open floor plans. Many of these homes have been updated with modern kitchens, new roofing, and energy-efficient windows. Prices for ranch-style houses range from $300,000 to $500,000.

Modern Townhomes

For those looking for a more contemporary living space, East Lake Terrace also offers modern townhomes. These properties are newer constructions, typically built within the last 10 to 20 years. Townhomes in the area average around 1,500 to 2,000 square feet and include features like stainless steel appliances, granite countertops, and attached garages. Prices for townhomes range from $350,000 to $450,000.

Architectural Styles and Design

East Lake Terrace boasts a variety of architectural styles, reflecting the neighborhood's rich history and modern growth. The homes here showcase everything from classic craftsman and mid-century modern to updated contemporary designs.

Craftsman Style

Craftsman-style homes are a staple in East Lake Terrace. These houses are known for their attention to detail, with features like exposed wooden beams, built-in bookcases, and large front porches. Craftsman homes often have a cozy feel, with an average size of 1,400 to 1,800 square feet. They are typically priced between $300,000 and $450,000.

Mid-Century Modern

Mid-century modern homes in East Lake Terrace are characterized by their clean lines, large windows, and open floor plans. These homes were primarily built in the 1950s and 1960s and often include features like flat roofs, split levels, and integration with nature. The average size of mid-century modern homes is around 1,600 to 2,200 square feet, with prices ranging from $350,000 to $500,000.

Contemporary Designs

Newer homes in East Lake Terrace often feature contemporary designs. These houses incorporate modern architectural elements such as open-concept living areas, large windows, and sustainable building materials. Contemporary homes in the neighborhood typically range from 1,800 to 2,500 square feet and are priced between $400,000 and $600,000.

Renovations and Upgrades

Many homes in East Lake Terrace have been renovated to include modern amenities while preserving their historical charm. Common upgrades include updated kitchens with stainless steel appliances, new bathrooms with high-end fixtures, and energy-efficient systems like HVAC and solar panels. These renovations add value to the homes and make them more attractive to buyers looking for both charm and functionality.

Property Sizes and Square Footage

Homes in East Lake Terrace vary in size, accommodating a wide range of preferences and needs. The typical property size ranges from 1,200 to 2,500 square feet, providing ample living space for individuals, couples, and families alike.

Small to Mid-Sized Homes

Smaller homes, often bungalows or cottages, generally span 1,200 to 1,600 square feet. These properties usually include two to three bedrooms and one to two bathrooms. They are perfect for first-time homebuyers or those looking to downsize. Prices for these homes range from $250,000 to $350,000.

Larger Homes

For those needing more space, larger homes in East Lake Terrace can range from 1,800 to 2,500 square feet. These homes typically feature three to four bedrooms and two to three bathrooms. They often come with additional amenities like finished basements, spacious yards, and multiple car garages. The price for these homes varies between $350,000 and $600,000.

Lot Sizes

Lot sizes in East Lake Terrace are generous, with most properties sitting on 0.2 to 0.5 acres. These larger lots provide plenty of outdoor space for gardening, entertaining, or expanding the home. The ample lot sizes contribute to the neighborhood's open and airy feel, making it an attractive option for those who value outdoor living space.

Upgrades and Amenities

Homes in East Lake Terrace often come with a variety of upgrades and amenities that enhance the living experience. Many properties have been modernized to meet current housing standards while retaining their original charm.

Modern Kitchens

Many homes feature updated kitchens with modern amenities such as stainless steel appliances, granite countertops, and custom cabinetry. These kitchens are designed to be both functional and stylish, making them a focal point for family gatherings and entertaining guests.

Updated Bathrooms

Updated bathrooms are another common upgrade. These spaces often include features like walk-in showers, soaking tubs, and double vanities. High-end finishes such as marble countertops and designer fixtures add a touch of luxury to these homes.

Energy-Efficient Features

Energy efficiency is a priority in many East Lake Terrace homes. Common upgrades include new HVAC systems, energy-efficient windows, and insulation improvements. Some homes even feature solar panels, reducing energy costs and the neighborhood's overall environmental footprint.

Outdoor Amenities

Outdoor living is a big part of life in East Lake Terrace. Many homes come with spacious decks, patios, and beautifully landscaped yards. Some properties also include additional features like outdoor kitchens, fire pits, and swimming pools, making them perfect for outdoor entertaining and relaxation.

Smart Home Technology

Increasingly, homes in East Lake Terrace are incorporating smart home technology. Features like smart thermostats, security systems, and automated lighting provide added convenience and security. These modern touches make living in East Lake Terrace both comfortable and cutting-edge.

By offering a variety of property sizes and modern amenities, East Lake Terrace caters to a wide range of homebuyers, ensuring there is something for everyone in this charming and dynamic neighborhood.

Local Schools and Education

East Lake Terrace is served by the DeKalb County School District, which includes several reputable public and private schools. The quality of education in the area is a significant draw for families looking to move to the neighborhood.

Public Schools

• McLendon Elementary School: Located just a few miles from East Lake Terrace, McLendon Elementary serves students from pre-kindergarten through fifth grade. The school is known for its strong academic programs and supportive community.

• Druid Hills Middle School: Serving grades six through eight, Druid Hills Middle School offers a comprehensive curriculum that includes advanced placement classes and extracurricular activities.

• Druid Hills High School: This high school is renowned for its academic excellence and diverse program offerings. It provides students with various pathways, including college preparatory courses, vocational training, and arts programs. The average graduation rate here is around 85%.

Private Schools

• The Friends School of Atlanta: A private Quaker school offering classes from pre-kindergarten through eighth grade. The school focuses on a balanced education with an emphasis on social justice and community service.

• St. Thomas More Catholic School: Located nearby, this school offers a faith-based education from pre-kindergarten through eighth grade and is known for its rigorous academic standards and welcoming community.

Early Childhood Education

• East Lake Early Learning Academy: This center provides high-quality early childhood education, catering to children from infancy through preschool. The academy emphasizes a play-based curriculum to foster developmental growth.

Nearby Communities and Attractions

East Lake Terrace's prime location offers easy access to several nearby communities and attractions, enhancing the appeal of this neighborhood.

Oakhurst

Just west of East Lake Terrace, Oakhurst is a vibrant community known for its eclectic mix of shops, restaurants, and parks. The area hosts several annual events, including the Oakhurst Jazz Nights and the Oakhurst Arts Festival, which draw visitors from all over Atlanta.

Kirkwood

To the north, Kirkwood is another popular neighborhood with a rich history and a thriving arts scene. The area features historic homes, boutique shops, and a variety of dining options. The Kirkwood Spring Fling and Tour of Homes is a notable event that showcases the community's unique character.

East Atlanta Village

East Atlanta Village, located to the south, is famous for its nightlife and music scene. This area offers a wide range of bars, live music venues, and trendy restaurants. It's a great place for those who enjoy an active social scene.

Recreational Activities

• East Lake Park: This local park offers a variety of recreational activities, including walking trails, playgrounds, and sports fields. It's a favorite spot for residents to relax and enjoy outdoor activities.

• East Lake Golf Club: Known for its historic significance and beautiful course, the East Lake Golf Club is a prestigious location that hosts the annual PGA Tour Championship.

Shopping and Dining

• Decatur Square: Just a short drive away, Decatur Square is a hub of activity with numerous shops, restaurants, and entertainment options. Popular spots include the Brick Store Pub and the Iberian Pig, which offer unique dining experiences.

Accessibility

East Lake Terrace is conveniently located near major highways, making commuting to downtown Atlanta and other parts of the metro area straightforward. Public transportation options, including MARTA, are also readily available, providing additional convenience for residents.

With its excellent schools, vibrant nearby communities, and numerous attractions, East Lake Terrace offers a well-rounded living experience for families, young professionals, and retirees alike.

County Tax Information

Property Taxes

East Lake Terrace is part of DeKalb County, and homeowners can expect to pay an average property tax rate of around 1.08% of the home's assessed value. For a home valued at $350,000, the annual property tax would be approximately $3,780. It's important to note that property tax rates can vary based on the specific location within the county and any applicable exemptions.

Tax Exemptions

DeKalb County offers several tax exemptions that can benefit homeowners in East Lake Terrace. These include homestead exemptions for primary residences, which can significantly reduce the taxable value of the property. Seniors, veterans, and disabled homeowners may also qualify for additional exemptions, further lowering their tax burden.

Living in East Lake Terrace

Community Atmosphere

Living in East Lake Terrace offers a blend of suburban tranquility and urban convenience. The neighborhood is known for its strong sense of community, with residents often participating in local events and activities. Tree-lined streets and well-maintained parks contribute to the area's charm, making it a desirable place to call home.

Amenities and Lifestyle

East Lake Terrace provides a variety of amenities that cater to a comfortable lifestyle. The neighborhood boasts several parks, including East Lake Park, where residents can enjoy walking trails, playgrounds, and sports fields. The nearby East Lake Golf Club is a prestigious spot for golf enthusiasts and hosts the annual PGA Tour Championship.

Accessibility and Transportation

The neighborhood's prime location offers easy access to major highways, including I-20 and I-285, facilitating convenient commutes to downtown Atlanta and other parts of the metro area. Public transportation options, such as the MARTA rail and bus services, are also readily available, providing additional convenience for residents without personal vehicles.

Shopping and Dining

Residents of East Lake Terrace enjoy proximity to a variety of shopping and dining options. Decatur Square is just a short drive away and features numerous shops, restaurants, and entertainment venues. Popular dining spots include the Brick Store Pub and the Iberian Pig, both offering unique and enjoyable dining experiences.

Summary

East Lake Terrace in Decatur, GA, is a charming and vibrant neighborhood with a rich history and modern amenities. The real estate market here is diverse, featuring bungalows, ranch-style houses, and modern townhomes, with prices ranging from $250,000 to $600,000. Homes typically span 1,200 to 2,500 square feet, with generous lot sizes and various architectural styles, including craftsman, mid-century modern, and contemporary designs.

The neighborhood is served by reputable schools within the DeKalb County School District and offers a range of public and private educational options. Nearby communities such as Oakhurst, Kirkwood, and East Atlanta Village provide additional recreational and cultural attractions, making East Lake Terrace a well-rounded and appealing place to live.

Homeowners in East Lake Terrace can benefit from DeKalb County's property tax exemptions and enjoy a comfortable lifestyle with access to parks, shopping, dining, and efficient transportation options. Overall, East Lake Terrace combines suburban tranquility with urban convenience, making it a desirable destination for homebuyers.