Overview of Park Place, Decatur, GA

Park Place, located in the vibrant city of Decatur, GA, is a charming neighborhood known for its friendly atmosphere and convenient location. Just a short drive from downtown Atlanta, Park Place offers residents a suburban feel with easy access to urban amenities. The community boasts a population of around 25,000 residents, making it a tight-knit yet lively area.

Decatur itself is renowned for its historic charm and modern conveniences. Park Place is no exception, featuring tree-lined streets, well-maintained sidewalks, and a mix of architectural styles that reflect the area's rich history. The neighborhood is particularly popular among families and young professionals due to its excellent schools, parks, and recreational facilities.

Real Estate Market Trends in Park Place

Current Market Overview

The real estate market in Park Place has been quite dynamic over the past year. As of mid-2024, the average home price in the neighborhood is approximately $450,000, reflecting a 6% increase from the previous year. This upward trend is indicative of the growing demand for homes in this desirable area.

Home Sales and Market Conditions

In the past 12 months, over 120 homes have been sold in Park Place. The average time on the market for a home is around 30 days, which is relatively quick compared to other neighborhoods in Decatur. This rapid turnover suggests a healthy and competitive market.

Future Market Projections

Looking ahead, real estate experts predict that home prices in Park Place will continue to rise, albeit at a more moderate pace. The expected increase is around 4% annually, driven by the area's ongoing development and the overall growth of Decatur. This makes Park Place an attractive option for both homebuyers and investors.

Property Tax Information

Property taxes in Park Place are in line with DeKalb County's average rates. Homeowners can expect to pay around 1.39% of their home's assessed value annually. For a home valued at $450,000, this translates to approximately $6,255 per year in property taxes. This rate supports the high-quality public services and schools that make Park Place such a desirable place to live.

Types of Homes Available in Park Place

Park Place in Decatur, GA, offers a diverse range of homes, catering to various tastes and preferences. The neighborhood features a mix of single-family homes, townhouses, and condos. Most homes in Park Place were built between the 1950s and 1980s, with many properties receiving updates and renovations to meet modern standards.

Architectural Styles and Construction

The architectural styles in Park Place are quite varied, including traditional ranch-style homes, charming bungalows, and contemporary designs. Brick and wood are the predominant construction materials, providing both durability and aesthetic appeal. Many homes feature spacious front porches, large windows, and lush landscaping, adding to the neighborhood's overall charm.

Home Sizes and Features

Single-family homes in Park Place typically range from 1,500 to 2,500 square feet, offering 3 to 4 bedrooms and 2 to 3 bathrooms. Townhouses and condos are slightly smaller, with most units ranging from 1,200 to 1,800 square feet, featuring 2 to 3 bedrooms and 2 bathrooms. Common upgrades include modern kitchens with stainless steel appliances, hardwood floors, and updated bathrooms.

Community Layout and Amenities

Homes in Park Place often come with generous lot sizes, averaging around 0.25 to 0.5 acres. This provides ample space for outdoor activities and gardening. The community is well-maintained, with manicured lawns and mature trees lining the streets. Additionally, some properties include amenities such as swimming pools, outdoor patios, and detached garages.

Average Home Sizes and Layouts

Square Footage and Layouts

In Park Place, the average single-family home offers around 2,000 square feet of living space. These homes typically feature open floor plans that enhance the sense of space and light. Common layouts include a large living room, a dining area, a kitchen, and multiple bedrooms and bathrooms.

Room Configurations

Most homes have 3 to 4 bedrooms, which is ideal for families. The master suites often come with en-suite bathrooms and walk-in closets. Secondary bedrooms are spacious, making them suitable for children, guests, or home offices. Kitchens are generally designed with functionality in mind, featuring ample counter space, modern appliances, and plenty of storage.

Property Sizes and Outdoor Spaces

Lot sizes in Park Place vary, but the average is about 0.3 acres. This allows for substantial front and backyards, perfect for outdoor activities, gardening, or simply enjoying the Georgia weather. Many homes have decks or patios, providing additional outdoor living space. Fenced yards are also common, offering privacy and security for families with pets.

Design and Aesthetic Features

Homes in Park Place often incorporate elements such as hardwood flooring, large windows, and high ceilings. These design features contribute to a spacious and airy feel. Additionally, many properties include fireplaces, which add both warmth and a cozy ambiance during cooler months.

Pricing and Affordability

Home Prices in Park Place

Homes in Park Place, Decatur, GA, range in price from approximately $350,000 to $600,000, with an average price of around $450,000. This price range reflects the neighborhood's desirability and the quality of homes available. The cost per square foot averages around $225, making it a competitive market compared to nearby areas.

Affordability Compared to Nearby Communities

When compared to nearby communities like Avondale Estates and North Decatur, Park Place offers a relatively affordable option. Avondale Estates has an average home price of around $500,000, while North Decatur averages closer to $550,000. This makes Park Place a more budget-friendly choice without sacrificing the benefits of living in a well-connected and vibrant community.

Property Taxes and Additional Costs

Property taxes in Park Place are consistent with DeKalb County's rates, approximately 1.39% of the home's assessed value. For a home priced at $450,000, homeowners can expect to pay about $6,255 annually in property taxes. Additionally, homeowners should consider other costs such as home insurance, which averages around $1,500 per year, and utilities, which can vary depending on the size and efficiency of the home.

Investment Potential

Park Place's real estate market has shown steady growth over the past few years, with property values increasing by an average of 4-6% annually. This trend suggests good investment potential, making it an attractive option for both homeowners and investors looking for long-term value.

Schools and Education in Park Place

Local Schools Serving Park Place

Park Place is served by several highly-rated schools within the DeKalb County School District. Elementary students typically attend Clairemont Elementary School, which boasts a student-to-teacher ratio of 14:1 and strong academic performance. Middle school students go to Renfroe Middle School, known for its excellent arts and science programs. High school students are zoned for Decatur High School, which offers a variety of Advanced Placement (AP) courses and extracurricular activities.

School Ratings and Achievements

Clairemont Elementary is highly regarded, with an 8/10 rating on GreatSchools. Renfroe Middle School also scores well, with a 7/10 rating, while Decatur High School has a solid 8/10 rating. These schools are known for their dedicated staff, comprehensive curriculums, and supportive environments that encourage student success.

Private and Charter School Options

In addition to public schools, Park Place residents have access to several private and charter school options. St. Thomas More Catholic School offers a faith-based education for students in kindergarten through 8th grade. The Friends School of Atlanta, a Quaker school, provides a unique educational approach for students from pre-K through 8th grade.

Higher Education Opportunities

For those pursuing higher education, Park Place is conveniently located near several colleges and universities. Emory University, one of the nation's leading research institutions, is just a short drive away. Georgia State University's Perimeter College Decatur Campus offers a range of associate degree programs and transfer opportunities to four-year institutions.

Extracurricular and Enrichment Programs

Schools in and around Park Place offer a variety of extracurricular activities, including sports teams, music programs, and academic clubs. Decatur High School, for example, has a robust athletics program with teams in football, basketball, soccer, and more. Additionally, students can participate in programs like Science Olympiad, debate club, and theater, providing well-rounded opportunities for personal and academic growth.

Parks, Recreation, and Amenities

Local Parks and Outdoor Activities

Park Place residents enjoy access to several local parks and recreational facilities. Glenlake Park, located just a few minutes away, offers a wide range of amenities, including tennis courts, a swimming pool, a playground, and picnic areas. With over 17 acres of green space, it's a popular spot for families and outdoor enthusiasts.

Recreational Facilities

The Decatur Recreation Center, located nearby, provides residents with various programs and activities. This facility includes a gymnasium, fitness rooms, and multipurpose spaces for community events and classes. Residents can participate in activities such as yoga, dance, and martial arts.

Amenities Within the Community

Park Place itself features several amenities that enhance the quality of life for its residents. Many homes have private pools, well-maintained gardens, and spacious patios perfect for entertaining. The community also benefits from well-lit sidewalks, making it safe and enjoyable for evening walks and bike rides.

Nearby Attractions

For those looking to explore beyond the neighborhood, the nearby Fernbank Museum of Natural History offers educational exhibits and an IMAX theater. The Atlanta Botanical Garden, just a short drive away, provides a beautiful escape with its stunning plant collections and seasonal events.

Nearby Shopping, Dining, and Entertainment

Shopping Centers and Retail Options

Park Place residents have a variety of shopping options close by. The Decatur Square, a vibrant shopping district, is home to numerous boutique stores, art galleries, and specialty shops. For more extensive shopping needs, the North DeKalb Mall is just a short drive away, featuring popular retail stores like Macy's and Burlington.

Dining and Culinary Scene

The dining scene in and around Park Place is diverse and exciting. Residents can enjoy a range of cuisines, from Southern comfort food at The White Bull to Mediterranean delights at Cafe Alsace. The Brick Store Pub, located in Decatur Square, is a local favorite known for its extensive beer selection and cozy atmosphere.

Entertainment and Nightlife

Decatur offers a lively entertainment scene with plenty of options for a night out. The Eddie’s Attic, famous for its live music performances, regularly hosts local and national artists. For movie enthusiasts, the Plaza Theatre, an iconic independent cinema, screens a mix of new releases and classic films.

Cultural and Community Events

Park Place residents benefit from the numerous cultural and community events held throughout the year in Decatur. The Decatur Arts Festival, held every May, showcases local artists and performers. The Decatur Book Festival, one of the largest independent book festivals in the country, attracts authors and readers from all over.

Proximity to Major Cities

One of the significant advantages of living in Park Place is its proximity to Atlanta. The downtown area is just a 20-minute drive away, offering additional shopping, dining, and entertainment options. This makes Park Place an ideal location for those who want suburban tranquility without sacrificing access to urban amenities.

Commuting and Transportation

Major Highways and Road Access

Park Place is conveniently located near several major highways, making commuting easy for residents. The neighborhood is just minutes away from Interstate 285 and U.S. Highway 78, providing quick access to downtown Atlanta and other surrounding areas. The average commute time to downtown Atlanta is about 20-25 minutes by car, depending on traffic.

Public Transportation Options

For those who prefer public transportation, the Metropolitan Atlanta Rapid Transit Authority (MARTA) serves the area with bus and rail options. The Decatur MARTA station, located nearby, offers a direct route to downtown Atlanta and Hartsfield-Jackson Atlanta International Airport. Buses run regularly throughout the neighborhood, making it easy to get around without a car.

Walkability and Bike-Friendly Streets

Park Place boasts a high walkability score, with well-maintained sidewalks and pedestrian-friendly streets. Many daily errands can be accomplished on foot, making it convenient for residents who enjoy walking. The neighborhood is also bike-friendly, with several designated bike lanes and trails connecting to larger networks in Decatur and beyond.

Local Commuting Tips

Residents often use local apps like Waze and Google Maps to navigate traffic and find the quickest routes. Carpooling is also popular, with several local groups organizing shared rides to common destinations like downtown Atlanta and nearby business districts. Additionally, the city of Decatur frequently updates residents on road conditions and planned construction, helping to minimize commuting disruptions.

Summary of Living in Park Place, Decatur, GA

Living in Park Place, Decatur, GA, offers a perfect blend of suburban tranquility and urban convenience. The neighborhood's diverse range of homes, from traditional ranch-style houses to modern townhouses, caters to various tastes and budgets, with prices ranging from $350,000 to $600,000. The area is served by top-rated schools like Clairemont Elementary and Decatur High, making it an excellent choice for families.

Residents enjoy numerous local parks and recreational facilities, including Glenlake Park and the Decatur Recreation Center. Shopping and dining options abound, with the Decatur Square and North DeKalb Mall providing a mix of boutique stores and popular retail outlets. The culinary scene is diverse, offering everything from Southern comfort food to international cuisine.

Commuting is a breeze with easy access to major highways and public transportation options like the MARTA rail and bus services. The neighborhood's walkability and bike-friendly streets add to the convenience, making it easy to run errands and explore the area.

Overall, Park Place offers a welcoming community atmosphere, excellent amenities, and convenient access to both local attractions and the bustling city of Atlanta, making it a highly desirable place to call home.

Park Place, Decatur GA Homes for Sale