561 Formwalt St SW Unit 8 Atlanta, GA 30312
Mechanicsville NeighborhoodEstimated payment $1,236/month
Highlights
- Deck
- 1-Story Property
- Central Heating and Cooling System
- Wood Flooring
- Four Sided Brick Exterior Elevation
- Ceiling Fan
About This Home
Location! REDUCED MOTIVATED SELLER Perfect for Investor, no Rental Restrictions. 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 complex. Additional Unit 5 (MLS #: 7524995) is rented for 1250. And 571 Formwalt unit 7 is rented for 1250. There are no Seller Disclosure as the seller has not lived there.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,425
Year Built
- Built in 1961
HOA Fees
- $399 per month
Home Design
- Slab Foundation
- Shingle Roof
- Four Sided Brick Exterior Elevation
Interior Spaces
- 582 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Wood Flooring
- Laundry in Hall
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 1 Full Bathroom
Home Security
Parking
- 1 Parking Space
- On-Street Parking
- Parking Lot
- Assigned Parking
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
Additional Features
- Deck
- 1 Common Wall
Listing and Financial Details
- Assessor Parcel Number 14 007600101279
Community Details
Overview
- Mid-Rise Condominium
- Capitol City Square Subdivision
- FHA/VA Approved Complex
Security
- Fire and Smoke Detector
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 | $1,890 | $52,640 | $6,640 | $46,000 |
| 2023 | $2,453 | $59,240 | $7,640 | $51,600 |
| 2022 | $1,480 | $36,560 | $4,680 | $31,880 |
| 2021 | $1,439 | $35,520 | $4,560 | $30,960 |
| 2020 | $1,437 | $35,080 | $4,520 | $30,560 |
| 2019 | $117 | $37,560 | $4,120 | $33,440 |
| 2018 | $1,037 | $25,040 | $3,000 | $22,040 |
| 2017 | $439 | $10,160 | $1,560 | $8,600 |
| 2016 | $440 | $10,160 | $1,560 | $8,600 |
| 2015 | $478 | $10,160 | $1,560 | $8,600 |
| 2014 | $461 | $10,160 | $1,560 | $8,600 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/27/2025 06/27/25 | Price Changed | $117,500 | -6.0% | $202 / Sq Ft |
| 05/25/2025 05/25/25 | Price Changed | $125,000 | -3.8% | $215 / Sq Ft |
| 05/23/2025 05/23/25 | Price Changed | $130,000 | -7.1% | $223 / Sq Ft |
| 02/14/2025 02/14/25 | For Sale | $140,000 | +194.7% | $241 / Sq Ft |
| 01/19/2016 01/19/16 | Sold | $47,500 | -20.8% | $82 / Sq Ft |
| 01/13/2016 01/13/16 | Pending | -- | -- | -- |
| 01/04/2016 01/04/16 | For Sale | $60,000 | 0.0% | $103 / Sq Ft |
| 12/21/2015 12/21/15 | Pending | -- | -- | -- |
| 11/10/2015 11/10/15 | For Sale | $60,000 | 0.0% | $103 / Sq Ft |
| 05/23/2012 05/23/12 | Rented | $725 | 0.0% | -- |
| 04/23/2012 04/23/12 | Under Contract | -- | -- | -- |
| 04/18/2012 04/18/12 | For Rent | $725 | 0.0% | -- |
| 03/22/2012 03/22/12 | Sold | $18,600 | -6.5% | $32 / Sq Ft |
| 02/21/2012 02/21/12 | Pending | -- | -- | -- |
| 01/28/2012 01/28/12 | For Sale | $19,900 | -- | $34 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $47,500 | -- | |
| Warranty Deed | $37,500 | -- | |
| Warranty Deed | $18,600 | -- | |
| Foreclosure Deed | -- | -- |
Source: First Multiple Listing Service (FMLS)
MLS Number: 7525289
APN: 14-0076-0010-127-9
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