Seller's Agent in 2025
Amadi McKenzie
Realty Hub, LLC
(678) 541-4473
13 Total Sales
561 Formwalt St SW Unit 12 Atlanta, GA 30312
Mechanicsville Neighborhood
2
Beds
1
Bath
588
Sq Ft
$179/mo
HOA Fee
Highlights
- Gated Community
- Wood Flooring
- Security Gate
- Traditional Architecture
- Breakfast Bar
- 1-Story Property
About This Home
As of October 2022Want an updated property and a tenant that pays on a time? You've got it with this 2 bedroom condo that has been renovated with all the upgrades today's renter demands. As Georgia State University expands, this condo is perfect for an investor that wants to expand their rental portfolio. With a private rear deck, exposed brick, stainless steel appliances, and a close proximity to all that downtown has to offer, you are able to cash flow from day one. An established tenant pays $1000 a month and a lease expiration of October 2017.
Last Agent to Sell the Property
Engel & Völkers Atlanta License #310068 Listed on: 02/20/2016
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $406
Year Built
- Built in 1961
HOA Fees
- $179 Monthly HOA Fees
Home Design
- Traditional Architecture
- Frame Construction
- Composition Roof
Interior Spaces
- 588 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Family Room
- Wood Flooring
- Security Gate
- Laundry on main level
Kitchen
- Breakfast Bar
- Gas Range
- Dishwasher
- Laminate Countertops
- Wood Stained Kitchen Cabinets
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 1 Full Bathroom
- Bathtub and Shower Combination in Primary Bathroom
Parking
- 1 Parking Space
- Unassigned Parking
Schools
- Paul L. Dunbar Elementary School
- Parks Middle School
- Maynard Jackson High School
Additional Features
- Two or More Common Walls
- Forced Air Heating System
Listing and Financial Details
- Assessor Parcel Number 14 007600101311
Community Details
Overview
- Mid-Rise Condominium
- Square Condos Subdivision
Additional Features
- Laundry Facilities
- Gated Community
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 13, 2023
Sold by
Olguin Jesika
Bought by
Jmo Acquisitions Llc
Purchase Details
Listed on
Aug 29, 2022
Closed on
Oct 14, 2022
Sold by
Green Jones Ingrid
Bought by
Olguin Jesika
Seller's Agent
Lakisha Knight
Keller Williams West Atlanta
Buyer's Agent
Jessica Stone
Sanders Real Estate
List Price
$150,000
Sold Price
$135,000
Premium/Discount to List
-$15,000
-10%
Views
77
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.57%
Original Mortgage
$100,000
Interest Rate
6.02%
Mortgage Type
New Conventional
Purchase Details
Listed on
Feb 20, 2016
Closed on
Apr 13, 2016
Sold by
Ancona Anna
Bought by
Green Jones Ingrid and Jones Negorie
Seller's Agent
Christian Ross
Engel & Völkers Atlanta
Buyer's Agent
Lakisha Knight
Keller Williams Realty West Atlanta
List Price
$85,000
Sold Price
$82,000
Premium/Discount to List
-$3,000
-3.53%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.95%
Purchase Details
Closed on
Dec 3, 2015
Sold by
Italian Dream Llc
Bought by
Ancona Anna
Purchase Details
Listed on
Mar 22, 2012
Closed on
Apr 26, 2012
Sold by
Etheridge Shellae
Bought by
Miggiano Fabio
Seller's Agent
RO PREISINGER
Coldwell Banker Realty
Buyer's Agent
RO PREISINGER
Coldwell Banker Realty
List Price
$30,000
Sold Price
$18,900
Premium/Discount to List
-$11,100
-37%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.17%
Purchase Details
Listed on
Mar 22, 2012
Closed on
Feb 28, 2012
Sold by
Atl 500 600 Block Holdings
Bought by
Etheridge Shellae
Seller's Agent
RO PREISINGER
Coldwell Banker Realty
Buyer's Agent
RO PREISINGER
Coldwell Banker Realty
List Price
$30,000
Sold Price
$18,900
Premium/Discount to List
-$11,100
-37%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | -- | |
| Warranty Deed | $135,000 | -- | |
| Warranty Deed | $82,000 | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | $18,900 | -- | |
| Warranty Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $100,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/04/2025 09/04/25 | Price Changed | $144,999 | -2.7% | $247 / Sq Ft |
| 08/15/2025 08/15/25 | For Sale | $149,000 | +10.4% | $253 / Sq Ft |
| 10/17/2022 10/17/22 | Sold | $135,000 | -3.6% | $230 / Sq Ft |
| 09/22/2022 09/22/22 | Pending | -- | -- | -- |
| 09/14/2022 09/14/22 | Price Changed | $140,000 | -6.7% | $238 / Sq Ft |
| 08/29/2022 08/29/22 | For Sale | $150,000 | 0.0% | $255 / Sq Ft |
| 05/13/2019 05/13/19 | Rented | $1,100 | 0.0% | -- |
| 04/22/2019 04/22/19 | For Rent | $1,100 | +10.0% | -- |
| 09/28/2018 09/28/18 | Rented | $1,000 | 0.0% | -- |
| 09/06/2018 09/06/18 | For Rent | $1,000 | +11.1% | -- |
| 10/15/2016 10/15/16 | Rented | $900 | -10.0% | -- |
| 10/12/2016 10/12/16 | For Rent | $1,000 | 0.0% | -- |
| 04/13/2016 04/13/16 | Sold | $82,000 | -3.5% | $139 / Sq Ft |
| 03/27/2016 03/27/16 | Pending | -- | -- | -- |
| 02/21/2016 02/21/16 | For Sale | $85,000 | +349.7% | $145 / Sq Ft |
| 04/26/2012 04/26/12 | Sold | $18,900 | -37.0% | $32 / Sq Ft |
| 04/17/2012 04/17/12 | Pending | -- | -- | -- |
| 03/22/2012 03/22/12 | For Sale | $30,000 | -- | $51 / Sq Ft |
Source: First Multiple Listing Service (FMLS)
Tax History Compared to Growth
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 | $1,811 | $49,600 | $6,720 | $42,880 |
| 2023 | $1,811 | $54,000 | $7,320 | $46,680 |
| 2022 | $1,517 | $37,480 | $4,760 | $32,720 |
| 2021 | $1,473 | $36,360 | $4,600 | $31,760 |
| 2020 | $1,473 | $35,960 | $4,560 | $31,400 |
| 2019 | $117 | $33,040 | $4,200 | $28,840 |
| 2018 | $952 | $23,000 | $3,040 | $19,960 |
| 2017 | $404 | $9,360 | $1,560 | $7,800 |
| 2016 | $405 | $9,360 | $1,560 | $7,800 |
| 2015 | $444 | $9,360 | $1,560 | $7,800 |
| 2014 | $424 | $9,360 | $1,560 | $7,800 |
Source: Public Records
Agents Affiliated with this Home
-
Amadi McKenzie
-
Lakisha Knight
Seller's Agent in 2022
Lakisha Knight
Keller Williams West Atlanta
(404) 202-5372
1 in this area
78 Total Sales
-
Jessica Stone
J
Buyer's Agent in 2022
Jessica Stone
Sanders Real Estate
(770) 605-5608
1 in this area
9 Total Sales
-
E
Buyer's Agent in 2019
Evan Gray
NOT A VALID MEMBER
-
Christian Ross
Seller's Agent in 2016
Christian Ross
Engel & Völkers Atlanta
(404) 309-1098
75 Total Sales
-
RO PREISINGER
Seller's Agent in 2012
RO PREISINGER
Coldwell Banker Realty
(770) 378-5924
10 in this area
81 Total Sales
Map
Source: First Multiple Listing Service (FMLS)
MLS Number: 5650039
APN: 14-0076-0010-131-1
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