RENTED FEB 11, 2025

561 Formwalt St SW Unit 3 Atlanta, GA 30312

Mechanicsville Neighborhood

Estimated Value: $130,000 - $152,000

2 Beds
1 Bath
620 Sq Ft
619 Sq Ft Lot

Last Sold August 19, 2022

Last sale price $150,000 $242 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $901/month

Highlights

  • City View
  • Property is near public transit
  • Wood Flooring
  • Deck
  • Private Lot
  • Stone Countertops

About This Home

As of February 2025

Discover comfortable city living in this charming 2-bedroom, 1-bathroom condo. This well-maintained unit offers modern conveniences and is ideal for those looking for a great home in a convenient location- walking distance to the shops at Summerhill, GSU stadium, Mercedes Benz Stadium, StateFarm Arena, etc. We are proudly accepting Section 8 vouchers, and the option to rent the unit fully furnished is also available for your convenience.
As you step inside, you’ll find a bright and open living space that flows into a functional kitchen with attached balcony, complete with updated appliances and ample cabinet space.
For those interested in a hassle-free move-in, the unit can be rented fully furnished, offering comfortable furniture, stylish decor, and everything you need to feel right at home. Located minutes from downtown Atlanta, this condo offers easy access to public transportation, local parks, dining, shopping, and all the city’s major attractions. Enjoy living in a well-connected community while having a cozy retreat to return to at the end of the day.

Last Agent to Rent the Property

Madeline Coffin

The Armani Agency, LLC License #380948 Listed on: 09/13/2024

The Armani Agency, LLC

Last Renter's Agent

Madeline Coffin

The Armani Agency, LLC License #380948 Listed on: 09/13/2024

The Armani Agency, LLC

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,993

Year Built

  • Built in 1961

Lot Details

  • Two or More Common Walls

Home Design

  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 620 Sq Ft Home
  • 1-Story Property
  • Furniture Can Be Negotiated
  • Double Pane Windows
  • Wood Flooring
  • City Views
  • Security Gate

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Disposal

Bedrooms and Bathrooms

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

Laundry

  • Laundry closet
  • Dryer
  • Washer

Parking

  • 1 Parking Space
  • Secured Garage or Parking
  • On-Street Parking
  • Parking Lot

Outdoor Features

  • Balcony
  • Deck

Location

  • Property is near public transit
  • Property is near schools
  • Property is near shops

Schools

  • Paul L. Dunbar Elementary School
  • Martin L. King Jr. Middle School
  • Maynard Jackson High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Security Deposit $1,650
  • 12 Month Lease Term
  • $49 Application Fee
  • Assessor Parcel Number 14 007600101220

Community Details

Overview

  • Property has a Home Owners Association
  • Application Fee Required
  • Mid-Rise Condominium
  • Capitol City Square Condos Subdivision

Recreation

  • Community Playground
  • Park

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Condo Details

Home Type

Condominium

Est. Annual Taxes

$1,993

Year Built

Built in 1961

Lot Details

0

Rental Info

  • Furnished: Negotiable
  • Tenant Pays: All Utilities
  • Credit Report Required: Yes
  • Deposit: 1650
  • Lease Term: 12 Months
  • Per Adult Dollar: 49.00
  • Application Fee Per Adult: Yes
  • Deposit Required: Last Month’s Rent, Pet

Listing Details

  • Standard Status: Closed
  • Property Type: Residential Lease
  • MLS Status: Closed
  • Property Sub Type: Condominium
  • Architectural Style: Mid-Rise (up to 5 stories)
  • Year Built: 1961
  • Levels Stories: One
  • Above Grade Finished Sq Ft: 654.00
  • Special Features: None

Property Details

  • Property: Residential Lease

Interior Features

  • Flooring: Hardwood
  • Appliances: Dishwasher, Disposal, Dryer, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave, Refrigerator, Washer
  • Kitchen Features: Stone Counters
  • Common Walls: 2+ Common Walls
  • Additional Rooms: Other
  • Square Footage: 620.00
  • Spa Features: None
  • Window Features: Double Pane Windows

Beds/Baths

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

Exterior Features

  • Construction Materials: Brick
  • Roof Type: Composition
  • Patio And Porch Features: Deck
  • Exterior Features: Balcony
  • View: City
  • Pool Private: No

Garage/Parking

  • Number Of Parking Spaces: 1
  • Parking Features: On Street, Parking Lot

Utilities

  • Security: Carbon Monoxide Detector(s), Fire Alarm, Secured Garage/Parking, Security Gate, Smoke Detector(s)
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Laundry Closet

Condo/Co-op/Association

  • Community Features: Homeowners Assoc, Near Public Transport, Near Schools, Near Shopping, Park, Playground
  • Management: Owner Managed
  • Subdivision Complex: Capitol City Square Condos

Lot Info

  • Acres: 0.0142
  • Lot Features: Private
  • Lot Dimensions: x
  • Parcel Number: 14 007600101220
  • Property Attached Yn: No

MLS Schools

  • School Bus Route Elem: Yes
  • School Bus Route High: Yes
  • School Bus Route Middle: Yes
  • Elementary School: Paul L. Dunbar
  • High School: Maynard Jackson
  • Middle School: Martin L. King Jr.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2024
Closed on
Feb 13, 2025
Sold by
T & R Abodes Llc
Bought by
Robinson Tamyka
Seller's Agent
Madeline Coffin
The Armani Agency, LLC
Buyer's Agent
Madeline Coffin
The Armani Agency, LLC
Sold Price
$1,345
Views
323
Current Estimated Value
$139,217

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$137,872

Purchase Details

Closed on
Aug 18, 2023
Sold by
Robinson Tamyka
Bought by
T & R Abodes Llc

Purchase Details

Listed on
May 31, 2022
Closed on
Aug 19, 2022
Sold by
Shelton Richard
Bought by
Robinson Tamyka
Seller's Agent
Bridgette Freeman
EXP Realty, LLC.
Buyer's Agent
Robert Murphy
Homestead Realtors, LLC.
List Price
$174,900
Sold Price
$150,000
Premium/Discount to List
-$24,900
-14.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.26%

Purchase Details

Closed on
Sep 22, 2005
Sold by
Formwalt Court Llc
Bought by
Shelton Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,400
Interest Rate
8.5%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Robinson Tamyka -- --
T & R Abodes Llc -- --
Robinson Tamyka $150,000 --
Shelton Richard $113,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shelton Richard $90,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/11/2025 02/11/25 Rented $1,345 -19.7% --
12/01/2024 12/01/24 Under Contract -- -- --
11/25/2024 11/25/24 Price Changed $1,675 +6.3% $3 / Sq Ft
10/28/2024 10/28/24 Price Changed $1,575 -4.5% $3 / Sq Ft
09/13/2024 09/13/24 For Rent $1,650 0.0% --
08/19/2022 08/19/22 Sold $150,000 -11.7% $242 / Sq Ft View Prior Sale
07/25/2022 07/25/22 Pending -- -- --
06/18/2022 06/18/22 Price Changed $169,900 -2.9% $274 / Sq Ft
05/31/2022 05/31/22 For Sale $174,900 -- $282 / 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 $1,993 $54,560 $7,080 $47,480
2023 $1,993 $60,000 $7,760 $52,240
2022 $289 $38,560 $5,000 $33,560
2021 $286 $37,440 $4,840 $32,600
2020 $285 $37,000 $4,800 $32,200
2019 $117 $34,000 $4,400 $29,600
2018 $50 $23,680 $3,200 $20,480
2017 $17 $9,680 $1,680 $8,000
2016 $17 $9,680 $1,680 $8,000
2015 $55 $9,680 $1,680 $8,000
2014 $16 $9,680 $1,680 $8,000
Source: Public Records

Agents Affiliated with this Home

  • Madeline Coffin

    Landlord's Agent in 2025

    Madeline Coffin

    The Armani Agency, LLC

    (678) 770-3906

    1 in this area

    33 Total Sales

    Madeline Coffin
    Section Image
  • Bridgette Freeman

    Seller's Agent in 2022

    Bridgette Freeman

    EXP Realty, LLC.

    (404) 427-8273

    1 in this area

    41 Total Sales

    Bridgette Freeman
    Section Image

  • R

    Buyer's Agent in 2022

    Robert Murphy

    Homestead Realtors, LLC.

    (888) 959-9461

    2 in this area

    56 Total Sales

    Robert Murphy
    Section Image
See All Agents

Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 7450758

First Multiple Listing Service (FMLS)

APN: 14-0076-0010-122-0

Georgia Fulton County Atlanta 30312 Mechanicsville

561 Formwalt St SW Unit 3, Atlanta, GA

Not Listed for Sale

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