Sold454d on market
571 Formwalt St SW
Atlanta, GA, 30312 • Mechanicsville • Fulton County
$143,000
2Beds
1Baths
0.01 acLot
1961Built
Property DNA
On the None
None
City Views
City
Capitol City Square Condos
Mechanicsville
This home is getting attention
Listed 454 days ago · 9 views
Market activity
Demand and pricing signals for this listing
9 views
People checking out this listing
454 days on market
Established listing
Selling Soon Prediction
ModerateThis home ranks in the top 37% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
Want the full market analysis?
Get the detailed selling prediction score, comparable sales data, and price trend forecast for this property.
Free · Delivered to your inbox in minutes
About this home
Multi Family · Built 1961
**Back on market due to no fault of the Seller** Welcome to this exceptional 2 bedroom, 1 bath condominium in the heart of Downtown Atlanta. This property is ideal for investors looking to expand their portfolio with a high-demand rental opportunity in a prime location or a first-time homebuyer looking to purchase in the heart of the city! This condo combines modern updates with historic charm. The kitchen boasts exposed brick, granite countertops, and stainless steel appliances, making it a stylish and functional space. Just off the kitchen, enjoy a private deck-perfect for relaxing or entertaining. The property offers secured parking and key card access, ensuring privacy and security. With its proximity to Downtown amenities, major highways, and public transit, this condo provides unparalleled convenience for tenants or future buyers. Don't miss out on this incredible investment opportunity in one of Atlanta's most sought-after locations!
Standout features identified
Our analysis highlights private deck, exposed brick, and stainless steel appliances as key attractions of this home.
Estimated monthly payment
Based on current rates
$923/month
Principal & Interest$732
Property Tax$143
Insurance$48
Down payment20% ($28,600)
3%50%
Est. 6.62% rate · 30yr fixed · $114,400 loan
Full calculator →At a glance
Key facts and listing details
TypeOther, Residential Income
Year Built1961
HeatingCentral, Forced Air, Natural Gas
CoolingCentral Air
ParkingParking Lot
Property
Home typeMulti Family
Sub-typeOther, Residential Income
ConditionResale
Year built1961
Stories1
Systems
HeatingCentral, Forced Air, Natural Gas
CoolingCentral Air
RoofComposition
ConstructionBrick
Water / SewerPublic / Public Sewer
Parking & Outdoor
ParkingParking Lot
FencingNone
Lot609.84 sqft
Location & Tax
NeighborhoodMechanicsville
Annual tax$2,559
Parcel14007600101436
Features & details
14 categories of property features
Interior Features
Flooring
Laminate
Heating
Central
Forced Air
Natural Gas
Cooling
Central Air
Windows
None
Accessibility
None
Green/Energy
None
Exterior Features
Exterior
No Dock
Parking
Parking Lot
Construction
Brick
Lot Features
Other
Community
Gated
Security
Security Gate
Views
City
Utilities
Cable Available
Electricity Available
Natural Gas Available
Water Available
Listing insights
Market data and value estimates
StatusSold
Days on market454
Est. value$144,100
Est. rent$1,333/mo
Tax rate0.86%
On marketNov 7, 2024
PostedNov 7, 2024
Last sold$143,000
MLS statusClosed
MLS updatedJan 21, 2025
Tour days6
Views9
How are the schools in Atlanta?
3 schools rated nearby
Location
Atlanta, GA, 30312
Price history
19 events
DateEventPrice$/sqftSource
Jan 15, 2025Sold$143,000—FMLS GA
Jan 6, 2025Pending Sale$150,000—FMLS GA
Dec 19, 2024Listing Removed$1,325—Zillow Rentals
Nov 8, 2024Listed For Sale$150,000—FMLS GA
Oct 12, 2024Price Change$1,325—Zillow Rentals
Sep 12, 2024Price Change$1,375—Zillow Rentals
Aug 24, 2024Listed For Rent$1,475—Zillow Rentals
Jul 12, 2022Listing Removed——Zillow Rental Manager
Jul 8, 2022Listed For Rent$1,225—Zillow Rental Manager
Jun 22, 2022Listing Removed——Zillow Rental Manager
Jun 9, 2022Listed For Rent$1,225—Zillow Rental Manager
Dec 20, 2019Sold$76,000—Public Record
May 30, 2017Sold$68,500—Public Record
May 30, 2017Pending Sale$69,900—Bailey & Hunter LLC
May 2, 2017Listed For Sale$69,900—Bailey & Hunter LLC
Sep 6, 2013Sold$25,000—Public Record
May 31, 2013Price Change$38,000—Peachtree Road Realty Associates LLC
Mar 26, 2013Listed For Sale$45,000—Peachtree Road Realty Associates LLC
May 2, 2005Sold$96,500—Public Record
Sold$143,000
Jan 15, 2025•FMLS GA
Pending Sale$150,000
Jan 6, 2025•FMLS GA
Listing Removed$1,325
Dec 19, 2024•Zillow Rentals
Listed For Sale$150,000
Nov 8, 2024•FMLS GA
Price Change$1,325
Oct 12, 2024•Zillow Rentals
Price Change$1,375
Sep 12, 2024•Zillow Rentals
Listed For Rent$1,475
Aug 24, 2024•Zillow Rentals
Listing Removed—
Jul 12, 2022•Zillow Rental Manager
Listed For Rent$1,225
Jul 8, 2022•Zillow Rental Manager
Listing Removed—
Jun 22, 2022•Zillow Rental Manager
Listed For Rent$1,225
Jun 9, 2022•Zillow Rental Manager
Sold$76,000
Dec 20, 2019•Public Record
Sold$68,500
May 30, 2017•Public Record
Pending Sale$69,900
May 30, 2017•Bailey & Hunter LLC
Listed For Sale$69,900
May 2, 2017•Bailey & Hunter LLC
Sold$25,000
Sep 6, 2013•Public Record
Price Change$38,000
May 31, 2013•Peachtree Road Realty Associates LLC
Listed For Sale$45,000
Mar 26, 2013•Peachtree Road Realty Associates LLC
Sold$96,500
May 2, 2005•Public Record
Tax history
18 years of records
YearTax paidAssessed value
Apr 15, 2024$2,619$63,960
Apr 15, 2023$2,040$63,960
Apr 15, 2022$1,598$39,480
Apr 15, 2021$1,565$38,320
Apr 15, 2020$1,568$37,880
Apr 15, 2019$1,044$34,800
Apr 15, 2018$1,044$22,840
Apr 15, 2017$1,044$7,400
Apr 15, 2016$418$7,400
Apr 15, 2015$411$7,400
Apr 15, 2014$336$7,400
Apr 15, 2013$7$4,320
Apr 15, 2012$7$4,320
Apr 15, 2011—$7,760
Apr 15, 2010$57$25,600
Apr 15, 2009$47$25,600
Apr 15, 2008—$33,160
Apr 15, 2007$57$33,520
Nearby homes
Neighborhood details
Local context around this listing
Atlanta, GA • Fulton County
Nearby neighborhoods
DowntownDruid HillsGrant ParkMidtownMorningside - Lenox ParkNorth BuckheadNorth Druid HillsOld Fourth WardPine HillsVirginia Highland
Nearby cities
AlpharettaAtlantaBrookhavenDecaturJohns CreekLithoniaRiverdaleRoswell
Nearby zip codes
30311303153031630318303193032430331303393034130342
Similar homes
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please [click here](https://www.fmls.com/dmca) to review our DMCA policy and learn how to submit a takedown request. © 2026 First Multiple Listing Service, Inc. [Click here for more information](/mls-disclaimers/#30)
No obligation · Same-day response