$18,900
SOLD APR 26, 2012

561 Formwalt St SW Unit 12 Atlanta, GA 30312

Mechanicsville Neighborhood
2 Beds
1 Bath
588 Sq Ft
$150/mo HOA Fee

Recently Sold

$32 Per Sq Ft

37% Below List Price

26 Days on Market

Highlights

  • Open-Concept Dining Room
  • Gated Community
  • Property is near public transit
  • No Units Above
  • Deck
  • Traditional Architecture

About This Home

As of October 2022

Must be sold as investment property- tenant in place. Unique gated community - only 2 buildings. Minutes from downtown, Turner Field, Nicely done.

Last Agent to Sell the Property

RO PREISINGER

Coldwell Banker Realty License #146386 Listed on: 03/22/2012

Coldwell Banker Realty

Last Buyer's Agent

RO PREISINGER

Coldwell Banker Realty License #146386 Listed on: 03/22/2012

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $355

Year Built

  • Built in 1961

HOA Fees

  • $150 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Traditional Architecture
  • Garden Home
  • Composition Roof
  • Four Sided Brick Exterior Elevation

Interior Spaces

  • 588 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Open-Concept Dining Room
  • Wood Flooring
  • Security Gate
  • Laundry Room

Kitchen

  • Open to Family Room
  • Electric Range
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Wood Stained Kitchen Cabinets

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom
  • Bathtub and Shower Combination in Primary Bathroom

Location

  • Property is near public transit
  • Property is walking distance to MARTA

Schools

  • Paul L. Dunbar Elementary School
  • Parks Middle School
  • South Atlanta High School

Utilities

  • Central Heating and Cooling System
  • Air Source Heat Pump

Additional Features

  • Energy-Efficient Thermostat
  • Deck
  • No Units Above

Listing and Financial Details

  • Tax Lot 12
  • Assessor Parcel Number 561Formwalt12ST

Community Details

Overview

  • Capitol City Square Association
  • Secondary HOA Phone (404) 234-9138
  • Capitol City Square Subdivision

Security

  • Gated Community
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$355

Year Built

Built in 1961

Lot Details

0

HOA Fees

$150 per month

Listing Details

  • Standard Status: Closed
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Condominium
  • Architectural Style: Garden (1 Level), Traditional
  • Property Condition: Resale
  • Year Built: 1961
  • Levels Stories: One
  • Special Features: None

Property Details

  • Property: Residential Attached

Interior Features

  • Flooring: Hardwood
  • Appliances: Dishwasher, Electric Range, Microwave
  • Kitchen Features: Cabinets Stain, Solid Surface Counters, Stone Counters, View to Family Room
  • Common Walls: No One Above
  • Additional Rooms: Family Room
  • Dining Room Features: Open Concept
  • Square Footage: 588.00

Beds/Baths

  • Total Bedrooms: 2
  • Bedroom Features: Master on Main
  • Main Bedrooms: 2
  • Total Full Baths: 1
  • Main Full Bathrooms: 1
  • Master Bathroom Features: Tub/Shower Combo

Exterior Features

  • Construction Materials: Brick 4 Sides
  • Roof Type: Composition
  • Patio And Porch Features: Deck

Garage/Parking

  • Parking Features: Parking Lot

Utilities

  • Security: Fire Alarm, Security Gate, Smoke Detector(s)
  • Cooling: Central Air, Heat Pump
  • Heating: Central, Electric, Heat Pump
  • Laundry Features: Laundry Room

Condo/Co-op/Association

  • HOA Fee Includes: Cable TV, Insurance, Maintenance Exterior, Trash, Water
  • Community Features: Gated, Homeowners Assoc, Near Marta, Public Transportation
  • Association Fee: 150
  • Association Fee Frequency: Monthly
  • Master Association Fee Frequency: Annually
  • Association: Yes
  • Management Phone: 404-234-9138
  • Subdivision Complex: Capitol City Square

Association/Amenities

  • Management Company: CAPITOL CITY SQUARE

Schools

  • Elementary School: Paul L. Dunbar
  • Middle School: Parks
  • High School: South Atlanta

Lot Info

  • Lot: 12
  • Land/Lot: 76
  • Parcel Number: 561Formwalt12ST
  • Property Attached Yn: Yes

Green Features

  • Efficiency: Thermostat

Tax Info

  • Taxes: 355.00
  • Assessor Parcel Number: 14-0076-0010-131
  • Close Date: 2012-04-26
  • Tax Year: 2011

MLS Schools

  • School Bus Route Elem: Yes
  • School Bus Route High: Yes
  • School Bus Route Middle: Yes
  • Elementary School: Paul L. Dunbar
  • High School: South Atlanta
  • Middle School: Parks

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 13, 2023
Sold by
Olguin Jesika
Bought by
Jmo Acquisitions Llc
Current Estimated Value
$146,928

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
3.07%
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
16.70%

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%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
Previous Owner $63,000 Stand Alone Second
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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

Source: Public Records

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

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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 4341215

First Multiple Listing Service (FMLS)

APN: 14-0076-0010-131-1