$138,500
SOLD MAY 30, 2025

561 Formwalt St SW Unit 6 Atlanta, GA 30312

Mechanicsville Neighborhood
2 Beds
1 Bath
583 Sq Ft
$330/mo HOA Fee

Recently Sold

$238 Per Sq Ft

3% Above List Price

14 Days on Market

Highlights

  • No Units Above
  • City View
  • Solid Surface Countertops
  • Gated Community
  • Wood Flooring
  • Balcony

About This Home

As of May 2025

Welcome to your new sanctuary at 571 Formwalt St, SW Atlanta, GA 30312, a beautifully modern condo that perfectly blends style with functionality. Ideal for college students or parents looking for a vibrant community setting, this 2-bedroom, 1-bathroom gem is truly a rare find in the heart of Atlanta. Upon entering, you’ll be greeted by a contemporary design that features sleek finishes and an open layout, making it perfect for both entertaining and everyday living. The cozy living area flows seamlessly into the chic kitchen, where modern appliances and ample counter space await culinary enthusiasts. Each bedroom offers the comfort and privacy essential for busy students or family members, creating a peaceful retreat at the end of the day.Located in a gated community, the security and serene environment you crave while still enjoying urban living are right at your fingertips. The walkability of this neighborhood is exceptional, allowing you to explore local parks, cafes, and shops with ease. Education is just a stone's throw away, with prominent institutions nearby. The renowned Morehouse College and Atlanta Metropolitan State College are each under 2 miles from your new home, making your commute hassle-free. For those who enjoy outdoor activities, the picturesque Grant Park—home to the Atlanta Zoo—is only 1.5 miles away, offering lush green spaces for relaxation or recreational pursuits. Additionally, you'll find delightful dining options just around the corner, such as the popular Grant Park Coffeehouse and other local eateries.Living at 571 Formwalt St. not only offers a modern lifestyle but also a connected community experience—a perfect combination for students or those supporting them. This is more than just a home; it's a lifestyle that encourages growth and enrichment.Don’t miss your chance to own this contemporary condo in such a prime location! Schedule a viewing today to experience everything this exceptional property has to offer. Reach out now to secure your new home in Atlanta!

Last Agent to Sell the Property

Gina Smith

Coldwell Banker Realty License #353163 Listed on: 03/25/2025

Coldwell Banker Realty

Last Buyer's Agent

Larry Gore

HomeSmart License #417814

HomeSmart

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,473

Year Built

  • Built in 1961

Lot Details

  • No Units Above
  • Two or More Common Walls
  • Private Entrance
  • Wrought Iron Fence

HOA Fees

  • $330 Monthly HOA Fees

Home Design

  • Brick Foundation
  • Shingle Roof
  • Four Sided Brick Exterior Elevation

Interior Spaces

  • 583 Sq Ft Home
  • 1-Story Property
  • Roommate Plan
  • Ceiling height of 9 feet on the main level
  • Double Pane Windows
  • Living Room
  • City Views

Kitchen

  • Open to Family Room
  • Electric Range
  • Microwave
  • Solid Surface Countertops

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Laundry in Hall

Home Security

Parking

  • 1 Parking Space
  • Assigned Parking

Outdoor Features

  • Balcony
  • Rear Porch

Schools

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

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • 110 Volts
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 14 007600101253

Community Details

Overview

  • Mid-Rise Condominium
  • Capital City Square Subdivision

Security

  • Gated Community
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,473

Year Built

Built in 1961

Lot Details

0

HOA Fees

$330 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)
  • Property Condition: Resale
  • Year Built: 1961
  • Levels Stories: One
  • Special Features: None

Property Details

  • Property: Residential Attached

Interior Features

  • Flooring: Ceramic Tile, Hardwood
  • Appliances: Electric Range, Electric Water Heater, Microwave, Refrigerator
  • Interior Amenities: High Ceilings 9 ft Main
  • Kitchen Features: Cabinets Other, Solid Surface Counters, View to Family Room
  • Common Walls: 2+ Common Walls, No One Above
  • Additional Rooms: Bathroom, Bedroom, Kitchen, Laundry, Living Room
  • Square Footage: 583.00
  • Spa Features: None
  • Window Features: Double Pane Windows

Beds/Baths

  • Total Bedrooms: 2
  • Bedroom Features: Roommate Floor Plan
  • Main Bedrooms: 2
  • Total Bathrooms: 1
  • Total Full Baths: 1
  • Main Full Bathrooms: 1

Exterior Features

  • Construction Materials: Brick 4 Sides
  • Roof Type: Shingle
  • Fencing: Wrought Iron
  • Patio And Porch Features: Rear Porch
  • Exterior Features: Balcony, Private Entry
  • View: City
  • Pool Private: No
  • Foundation: Brick/Mortar

Garage/Parking

  • Number Of Parking Spaces: 1
  • Parking Features: Assigned

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Security: Smoke Detector(s)
  • Cooling: Central Air, Electric
  • Heating: Central, Electric
  • Laundry Features: In Hall
  • Utilities: Cable Available, Electricity Available, Underground Utilities, Water Available
  • Electric: 110 Volts

Condo/Co-op/Association

  • Community Features: Gated
  • Association Fee: 330
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Subdivision Complex: Capital City Square

Association/Amenities

  • Number Of Units In Community: 1

Schools

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

Lot Info

  • Acres: 0.0134
  • Lot Features: Level
  • Lot Dimensions: x
  • Parcel Number: 14 007600101253
  • Horse Amenities: None
  • Land Lease: No
  • Property Attached Yn: Yes

Green Features

  • Green Energy Generation: None

Tax Info

  • Taxes: 2473.00
  • Assessor Parcel Number: 14-0076-0010-125-3
  • Close Date: 2025-05-30
  • Tax Year: 2024

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

Closed on
Aug 31, 2006
Sold by
Guidry Evon C
Bought by
Guidry Theodore

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,855
Outstanding Balance
$59,023
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$74,739

Purchase Details

Closed on
Mar 31, 2005
Sold by
Formwalt Court Llc
Bought by
Guidry Evon C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,925
Interest Rate
6.25%
Mortgage Type
New Conventional
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
Deed $100,900 --
Deed $99,900 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $95,855 New Conventional
Previous Owner $74,925 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2025 05/30/25 Sold $138,500 +2.6% $238 / Sq Ft
04/08/2025 04/08/25 Pending -- -- --
03/25/2025 03/25/25 For Sale $135,000 -- $232 / 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
2023 $1,927 $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
Source: Public Records

Agents Affiliated with this Home

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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 7549900

First Multiple Listing Service (FMLS)

APN: 14-0076-0010-125-3