561 Formwalt St SW Unit 10 Atlanta, GA 30312
Mechanicsville NeighborhoodEstimated payment $1,093/month
Highlights
- Gated Community
- Double Pane Windows
- 1-Story Property
- Wood Flooring
- Laundry closet
- Four Sided Brick Exterior Elevation
About This Home
Holiday Special- Offering $4,000 in seller concessions! Welcome home to this beautifully updated 2-bedroom, 1-bath condo in the heart of Atlanta! Perfect for a first-time buyer, this move-in-ready unit blends modern updates with timeless charm, including original hardwood floors that add warmth and character the moment you walk in. Inside, you'll enjoy a freshly painted interior, an updated kitchen with a brand-new conduction stove and new refrigerator, and a refreshed bathroom with new vanity, toilet, and resurface shower/tub. All appliances have been regularly maintained and in great working order. Located just two miles from Atlanta's top attractions-including State Farm Arena, Mercedes-Benz Stadium, Summerhill, and GSU-you'll be close to everything: dining, entertainment, and major transportation hubs. Best of all, this home qualifies for Invest Atlanta down-payment assistance programs with grants up to $20,000, making ownership even more achievable.If you're dreaming of an affordable, updated home in a prime location-this is it. Welcome to your Atlanta beginning!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $429
Year Built
- Built in 1962
Lot Details
- 1 Common Wall
- Fenced
HOA Fees
- $330 Monthly HOA Fees
Home Design
- Composition Roof
- Four Sided Brick Exterior Elevation
Interior Spaces
- 620 Sq Ft Home
- 1-Story Property
- Double Pane Windows
- Wood Flooring
Kitchen
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 1 Full Bathroom
- Low Flow Plumbing Fixtures
- Bathtub Includes Tile Surround
Laundry
- Laundry closet
- Dryer
- Washer
Home Security
Parking
- 1 Parking Space
- Parking Pad
- Off-Street Parking
Schools
- Dunbar Elementary School
- King Middle School
- Mh Jackson Jr High School
Utilities
- Central Heating and Cooling System
- 220 Volts
- Electric Water Heater
- Phone Available
- Cable TV Available
Community Details
Overview
- $1,000 Initiation Fee
- Association fees include insurance, ground maintenance, pest control, reserve fund, security, sewer, trash, water
- Mid-Rise Condominium
- Capitol City Square Subdivision
Security
- Gated Community
- Fire and Smoke Detector
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $446 | $54,560 | $7,080 | $47,480 |
| 2023 | $2,587 | $62,480 | $8,120 | $54,360 |
| 2022 | $386 | $38,560 | $5,000 | $33,560 |
| 2021 | $368 | $37,440 | $4,840 | $32,600 |
| 2020 | $358 | $37,000 | $4,800 | $32,200 |
| 2019 | $117 | $34,000 | $4,400 | $29,600 |
| 2018 | $980 | $23,680 | $3,200 | $20,480 |
| 2017 | $967 | $22,400 | $3,880 | $18,520 |
| 2016 | $970 | $22,400 | $3,880 | $18,520 |
| 2015 | $420 | $9,680 | $1,680 | $8,000 |
| 2014 | -- | $9,680 | $1,680 | $8,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/27/2025 11/27/25 | For Sale | $138,500 | 0.0% | $223 / Sq Ft | |
| 09/26/2025 09/26/25 | Rented | $1,000 | -33.3% | -- | |
| 02/05/2025 02/05/25 | Price Changed | $1,500 | -10.4% | $2 / Sq Ft | |
| 02/03/2025 02/03/25 | For Rent | $1,675 | 0.0% | -- | |
| 01/18/2019 01/18/19 | Sold | $92,500 | -11.9% | $149 / Sq Ft | View Prior Sale |
| 11/28/2018 11/28/18 | Pending | -- | -- | -- | |
| 11/06/2018 11/06/18 | For Sale | $105,000 | -- | $169 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $92,500 | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | $56,000 | -- | |
| Warranty Deed | $18,500 | -- | |
| Warranty Deed | $18,500 | -- |
Source: Georgia MLS
MLS Number: 10650254
APN: 14-0076-0010-129-5
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than Redfin are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2025 Georgia MLS. All rights reserved.
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