NOT LISTED FOR SALE

561 Formwalt St SW Unit 4 Atlanta, GA 30312

Mechanicsville Neighborhood

Estimated Value: $137,081 - $141,000

2 Beds
1 Bath
620 Sq Ft
$179/mo HOA Fee

Last Sold December 23, 2016

Last sale price $70,000 $113 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $1,097/month

208 Days on Market

Highlights

  • No Units Above
  • Property is walking distance to MARTA
  • Wood Flooring
  • Deck
  • Traditional Architecture
  • Stone Countertops

About This Home

As of December 2016

FURNISHED! This condo is located in a very convenient location, close to Downtown Atlanta, CNN Studio, Grady Hospital, Turner Field! It features the original hardwood floors and exposed 4 brick walls. This condo has been renovated and updated for better systems, high quality double pane windows, stainless steel appliances and granite counters!

Last Agent to Sell the Property

Khoa Do

International Real Estate Dream, LLC. License #342440 Listed on: 05/17/2016

Last Buyer's Agent

Pamela Croxton

NOT A VALID MEMBER License #333695

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $439

Year Built

  • Built in 1961

Lot Details

  • No Units Above
  • Fenced

HOA Fees

  • $179 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

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

Interior Spaces

  • 620 Sq Ft Home
  • 1-Story Property
  • Wood Flooring
  • Security Gate

Kitchen

  • 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

Schools

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

Additional Features

  • Deck
  • Property is walking distance to MARTA
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 14 007600101238

Community Details

Overview

  • Mid-Rise Condominium
  • Capitol City Square Condominiu Subdivision

Recreation

  • Dog Park

Property Details

Home Type

Condominium

Est. Annual Taxes

$439

Year Built

Built in 1961

Lot Details

0

HOA Fees

$179 per month

Listing Details

  • Standard Status: Closed
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Condominium
  • Architectural Style: Mid-Rise (up to 5 stories), 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, Refrigerator
  • Kitchen Features: Cabinets Stain, Stone Counters
  • Common Walls: No One Above
  • Additional Rooms: Other
  • Square Footage: 620.00

Beds/Baths

  • Total Bedrooms: 2
  • 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
  • Fencing: Fenced
  • Patio And Porch Features: Deck

Garage/Parking

  • Parking Features: Parking Lot

Utilities

  • Security: Security Gate
  • Cooling: Central Air
  • Heating: Central

Condo/Co-op/Association

  • Community Features: Dog Park, Near Marta
  • Association Fee: 179
  • Association Fee Frequency: Monthly
  • Master Association Fee Frequency: Annually
  • Association: Yes
  • Subdivision Complex: Capitol City Square Condominiu

Schools

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

Lot Info

  • Parcel Number: 14 007600101238
  • Property Attached Yn: Yes

Tax Info

  • Taxes: 439.00
  • Assessor Parcel Number: 14-0076-0010-123-8
  • Close Date: 2016-12-23
  • Tax Year: 2014

MLS Schools

  • 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
May 17, 2016
Closed on
Dec 23, 2016
Sold by
My Lan
Bought by
Ginger Ridge Behavioral Heal
Seller's Agent
Khoa Do
International Real Estate Dream, LLC.
Buyer's Agent
Pamela Croxton
NOT A VALID MEMBER
List Price
$94,500
Sold Price
$70,000
Premium/Discount to List
-$24,500
-25.93%
Current Estimated Value
$137,428

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,428
Avg. Annual Appreciation
8.26%

Purchase Details

Closed on
May 17, 2016
Sold by
Pham Lilly Ann
Bought by
Nguyen Lan My

Purchase Details

Listed on
May 19, 2015
Closed on
Jun 18, 2015
Sold by
Re Formwalt St Llc
Bought by
Pham Lilly Ann
Seller's Agent
Stacia Oberweis
NOT A VALID MEMBER
Buyer's Agent
Khoa Do
International Real Estate Dream, LLC.
Sold Price
$45,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.74%

Purchase Details

Closed on
Jun 30, 2014
Sold by
Vernex-Loset Hannah
Bought by
Re Formwalt St Llc

Purchase Details

Listed on
Nov 2, 2011
Closed on
Jan 6, 2012
Sold by
Federal National Mortgage Association
Bought by
Vernex-Loset Hannah
Seller's Agent
RICK HALE
Keller Wms Re Atl Midtown
Buyer's Agent
Stacia Oberweis
NOT A VALID MEMBER
List Price
$26,900
Sold Price
$25,500
Premium/Discount to List
-$1,400
-5.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.27%

Purchase Details

Closed on
Sep 6, 2011
Sold by
Wells Fargo Bank Na
Bought by
Federal National Mtg Associati

Purchase Details

Closed on
Dec 22, 2005
Sold by
Formwalt Court Llc
Bought by
Smith Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,120
Interest Rate
7.09%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Ginger Ridge Behavioral Heal $70,000 --
Nguyen Lan My -- --
Pham Lilly Ann $45,000 --
Re Formwalt St Llc -- --
Vernex-Loset Hannah $25,500 --
Federal National Mtg Associati $19,750 --
Wells Fargo Bank Na $19,750 --
Smith Robert $116,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Smith Robert $120,000
Previous Owner Smith Robert $93,120
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2016 12/23/16 Sold $70,000 -11.9% $113 / Sq Ft
12/12/2016 12/12/16 Pending -- -- --
08/31/2016 08/31/16 Price Changed $79,500 -5.9% $128 / Sq Ft
08/15/2016 08/15/16 Price Changed $84,500 -5.4% $136 / Sq Ft
06/23/2016 06/23/16 Price Changed $89,300 -5.5% $144 / Sq Ft
05/17/2016 05/17/16 For Sale $94,500 +110.0% $152 / Sq Ft
06/18/2015 06/18/15 Sold $45,000 +76.5% $73 / Sq Ft
06/16/2015 06/16/15 Pending -- -- --
01/06/2012 01/06/12 Sold $25,500 -5.2% $41 / Sq Ft
11/22/2011 11/22/11 Pending -- -- --
11/02/2011 11/02/11 For Sale $26,900 -- $43 / 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 $2,587 $62,480 $8,120 $54,360
2022 $1,561 $38,560 $5,000 $33,560
2021 $1,517 $37,440 $4,840 $32,600
2020 $1,516 $37,000 $4,800 $32,200
2019 $117 $34,000 $4,400 $29,600
2018 $980 $23,680 $3,200 $20,480
2017 $777 $18,000 $3,120 $14,880
2016 $779 $18,000 $3,120 $14,880
2015 $458 $9,680 $1,680 $8,000
2014 -- $9,680 $1,680 $8,000
Source: Public Records

Agents Affiliated with this Home

  • Khoa Do

    Seller's Agent in 2016

    Khoa Do

    International Real Estate Dream, LLC.

    (678) 481-1483

    60 Total Sales

    Section Image

  • P

    Buyer's Agent in 2016

    Pamela Croxton

    NOT A VALID MEMBER

    Section Image

  • S

    Seller's Agent in 2015

    Stacia Oberweis

    NOT A VALID MEMBER

    Section Image

  • R

    Seller's Agent in 2012

    RICK HALE

    Keller Wms Re Atl Midtown

See All Agents

Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 5692768

First Multiple Listing Service (FMLS)

APN: 14-0076-0010-123-8

Georgia Fulton County Atlanta 30312 Mechanicsville

561 Formwalt St SW Unit 4, Atlanta, GA

This home is located at 561 Formwalt St SW Unit 4, Atlanta, GA 30312 since 17 May 2016 and is currently estimated at $139,270, approximately $224 per square foot. This property was built in 1961. 561 Formwalt St SW Unit 4 is a home located in Fulton County with nearby schools including Dunbar Elementary School, King Middle School, and Maynard Holbrook Jackson High School.

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