Depreciation Worse in Atlanta, South Fulton

December 23, 2010  |  

(AJC) — The Fulton County tax assessor’s office says Martha Fletcher’s northwest Atlanta home lost 56 percent of its value last year, plummeting to $29,200.  That’s far less than what she spent, during her 50 years living there, expanding what was once a shack with plank floors into the two-level home where she raised two sons and is living out her retirement. But Fletcher doesn’t doubt she’s taken a hit. She points with her cane to an abandoned bungalow across Stratford Drive, with trash and fallen limbs scattered on the overgrown yard, ivy overtaking the driveway and a city condemnation notice from 2008 posted near the front door. Vagrants and drug addicts go in and out, as do the rats that often sniff their way over to her place, Fletcher says.

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