561 Formwalt St SW Unit 5 Atlanta, GA 30312
Mechanicsville NeighborhoodEstimated payment $1,224/month
Highlights
- Deck
- Wood Flooring
- Four Sided Brick Exterior Elevation
- Contemporary Architecture
- 1-Story Property
- Central Heating and Cooling System
About This Home
Location! REDUCED MOTIVATED SELLER AND $10,000 towards downpayment with the help of the $10,000 Homebuyer Access grant as a primary residence purchase. The unit is currently rented for 1250 to a long-term tenant. It is very easy to find new tenants or increase rent. Also, it can be bought as a package with two other units in the same building. Additional Unit 8 (mls 7491868) is rented for 1250. There is no Seller Disclosure as the seller has not lived there.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,473
Year Built
- Built in 1961
Lot Details
- 1 Common Wall
- Back Yard Fenced
HOA Fees
- Property has a Home Owners Association
Home Design
- Contemporary Architecture
- Modern Architecture
- Shingle Roof
- Four Sided Brick Exterior Elevation
Interior Spaces
- 583 Sq Ft Home
- 1-Story Property
- Insulated Windows
- Wood Flooring
- Laundry in Hall
Kitchen
- Electric Oven
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 1 Full Bathroom
Parking
- On-Street Parking
- Parking Lot
Outdoor Features
- Deck
Schools
- Paul L. Dunbar Elementary School
- Martin L. King Jr. Middle School
- Maynard Jackson High School
Utilities
- Central Heating and Cooling System
- Cable TV Available
Community Details
- Exclusive Ass. Mngmt Inc. Association, Phone Number (770) 949-5663
- Capitol City Square Subdivision
- FHA/VA Approved Complex
Listing and Financial Details
- Assessor Parcel Number 14 007600101246
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 | $1,927 | $52,760 | $6,680 | $46,080 |
| 2023 | $2,501 | $60,400 | $7,640 | $52,760 |
| 2022 | $1,509 | $37,280 | $4,720 | $32,560 |
| 2021 | $1,466 | $36,200 | $4,560 | $31,640 |
| 2020 | $1,465 | $35,760 | $4,520 | $31,240 |
| 2019 | $117 | $38,360 | $4,160 | $34,200 |
| 2018 | $1,038 | $25,080 | $3,000 | $22,080 |
| 2017 | $441 | $10,200 | $1,560 | $8,640 |
| 2016 | $442 | $10,200 | $1,560 | $8,640 |
| 2015 | $480 | $10,200 | $1,560 | $8,640 |
| 2014 | $462 | $10,200 | $1,560 | $8,640 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/23/2025 08/23/25 | For Sale | $117,500 | 0.0% | $202 / Sq Ft | |
| 12/10/2024 12/10/24 | Off Market | $1,250 | -- | -- | |
| 10/22/2024 10/22/24 | For Rent | $1,250 | 0.0% | -- | |
| 01/19/2016 01/19/16 | Sold | $47,500 | -13.6% | $81 / Sq Ft | View Prior Sale |
| 01/13/2016 01/13/16 | Pending | -- | -- | -- | |
| 01/04/2016 01/04/16 | For Sale | $55,000 | 0.0% | $94 / Sq Ft | |
| 12/21/2015 12/21/15 | Pending | -- | -- | -- | |
| 11/05/2015 11/05/15 | Price Changed | $55,000 | +5.8% | $94 / Sq Ft | |
| 11/05/2015 11/05/15 | For Sale | $52,000 | +166.7% | $89 / Sq Ft | |
| 06/22/2012 06/22/12 | Sold | $19,500 | -20.4% | $33 / Sq Ft | View Prior Sale |
| 04/03/2012 04/03/12 | Pending | -- | -- | -- | |
| 02/16/2012 02/16/12 | For Sale | $24,500 | -- | $42 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $47,500 | -- | |
| Warranty Deed | $19,500 | -- | |
| Deed | $94,900 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $75,920 | New Conventional |
Source: First Multiple Listing Service (FMLS)
MLS Number: 7637744
APN: 14-0076-0010-124-6
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