537 Peachtree Street NE, Atlanta, Georgia 30308: Property For Sale: $1,000,000

537 Peachtree Street NE Atlanta, Georgia 30308
Historic Rufus M Rose House
Exclusively Listed By
Stacia Oberweis
404-376-1538
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The Rufus M. Rose House, a late Victorian style home located in Midtown Atlanta. This property is an extremely rare example of a nineteenth-century town house built for one of Atlanta's wealthy citizens. This is a truly unique and rare opportunity to become the steward to this home, and own a living piece of Atlanta history. Here is your chance to save this last piece of a bygone era for generations to come. Be the one to save this "singular survivor from Peachtree's residential heyday".

Property Description

The 1901 Rufus M. Rose House, designed by Atlanta architect E.C. Seiz for the founder of the Four Roses Distillery is one of only two Victorian mansions remaining on Atlanta’s renowned Peachtree Street. It is an excellent example of Queen Anne style architecture, and, as a townhouse built for a wealthy family, it is a true rarity for Atlanta. The property retains nearly all of its original interior and exterior features, allowing its cultural and architectural significance to be conveyed clearly. The Atlanta Urban Design Commission accurately describes the importance of the property thus: “The Rose House is the sole survivor in the central business district of this era of grand residential development and is an invaluable part of our cultural heritage. It conveys a sense of residential Peachtree at a time when streetcars, not automobiles, determined the patterns of residential development and its importance as such cannot be overstated.”



The Rufus M. Rose House was listed in the National Register of Historic Places in 1977 and designated as a Landmark Building by the City of Atlanta in 1989. Its status as a locally designated landmark ensures that the building cannot be demolished or have its character-defining features removed. All proposed changes must be reviewed and approved by the Atlanta Urban Design Commission. More importantly, because the house is listed in the National Register of Historic Places, it is eligible for state and federal preservation tax incentives for rehabilitation:



The Federal Rehabilitation Investment Tax Credit (RITC) is a federal income tax credit equal to 20 percent of qualified rehabilitation expenses, available for income-producing properties, with no cap on expenses.


The Georgia State Income Tax Credit Program for Rehabilitated Historic Property is a state income tax credit equaling 25 percent of qualified rehabilitation expenses capped at $100,000 for a personal residence, and $300,000, $5 million or $10 million for all other properties.


The Georgia Preferential Property Tax Assessment Program for Rehabilitated Historic Property allows eligible participants to apply for an 8 1/2 -year property tax assessment freeze at the pre-improved value.


A charitable contribution donation can be taken in the form of a conservation easement, and enables the property owner to receive a one-time tax deduction. A conservation easement ensures the preservation of a historic building's façade in perpetuity.


Historic Atlanta, Inc. is pleased to offer the buyer of this amazing property a donation of 5 hours of consultation, to assist in preparation of their application materials for historic tax credit programs. Email us at finance@historicatlanta.org


This is a truly unique and rare opportunity to become the steward to this home, and own a living piece of Atlanta history. Here is your chance to save this last piece of a bygone era for generations to come.

For Sale

$1,000,000

Bedrooms:
5
Bathrooms:
3
Floor (if applicable):
2
Orientation (north/south/east/west/etc):
west
Condition:
poor
Year Built:
1901
School District:
Atlanta
 
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