Situated at the base of Stone Mountain, from which it gets its name, the city of Stone Mountain in DeKalb County is a friendly, family-oriented community of around 5,800 residents. The city is a mere half-hour away from Atlanta’s central business district via State Route 10 and many residents here are employed in the larger metro. This makes Stone Mountain foreclosures an ideal choice for buyers who want to be near Atlanta, but who don’t want to pay top dollar for the convenience.
Recent economic developments have contributed towards the increase in Stone Mountain foreclosures in the past few years. The city’s long-term growth prospects, however, remain as positive as ever, which is not surprising considering its proximity to Atlanta and a local economy that has a strong tourism base (around 4 million visitors make the climb up Stone Mountain every year).
Foreclosures in Stone Mountain
Homebuyers and investors will find a wide range of Stone Mountain foreclosures to choose from. The foreclosure market here is composed mainly of single-family homes, which range from five to six-bedroom luxury residences on large lots to modest starter homes. There are also a few condos and townhouses, as well as vacant lots and homesites.
If you’re in the market for Atlanta area foreclosures and REO properties in general, then you’ll also want to take a look at your options in Snellville foreclosures. For more in-depth information on the various communities here as well as the foreclosure investing process, schedule a consultation with Atlanta REO expert Michael Brock today.
