$185,000

562 Formwalt St SW Unit 5 Atlanta, GA 30312

Mechanicsville Neighborhood

Estimated payment $1,358/month

Total Views 3,455
1 Bed
1 Bath
576 Sq Ft
$321 Price per Sq Ft

Highlights

  • Open-Concept Dining Room
  • Deck
  • European Architecture
  • City View
  • Property is near public transit
  • Wood Flooring

About This Home

Perfect one-bedroom condo for investors and first-time buyers! NO RENTAL RESTRICTIONS! This small but gorgeous gem features real
hardwood floors, exposed brick walls, and modern finishes. The kitchen boasts granite countertops, stainless steel appliances, and a
breakfast bar. Enjoy the convenience of in-unit laundry. Relax on your private deck and take advantage of included off-street parking. Close
to GA State, the Capital, Mercedes-Benz Stadium, the airport, I-75/85, and downtown, this condo offers quintessential in-town living with
great views. Explore new dining options in nearby Summerhill and shop at the new Publix just minutes away. Don’t miss out on this
fantastic opportunity!

Last Listed By

Jennifer Engel

Compass License #361522 Listed on: 04/01/2025

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,483

Year Built

  • Built in 1961

Lot Details

  • Two or More Common Walls
  • Private Entrance
  • Front Yard Fenced
  • Wood Fence
  • Landscaped

HOA Fees

  • $200 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 576 Sq Ft Home
  • 1-Story Property
  • Insulated Windows
  • Open-Concept Dining Room
  • City Views
  • Crawl Space

Kitchen

  • Open to Family Room
  • Breakfast Bar
  • Electric Range
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Wood Stained Kitchen Cabinets
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • 1 Full Bathroom
  • Low Flow Plumbing Fixtures
  • Bathtub and Shower Combination in Primary Bathroom

Laundry

  • Laundry on main level
  • Laundry in Kitchen

Home Security

Parking

  • 1 Parking Space
  • On-Street Parking
  • Parking Lot
  • Unassigned Parking

Eco-Friendly Details

  • Energy-Efficient HVAC
  • Energy-Efficient Thermostat

Outdoor Features

  • Deck
  • Covered patio or porch

Location

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

Schools

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

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • 110 Volts
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 14 007600101527

Community Details

Overview

  • Capitol 8 HOA
  • Capitol 8 Condos Subdivision
  • FHA/VA Approved Complex

Recreation

  • Trails

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,483

Year Built

Built in 1961

Lot Details

0

HOA Fees

$200 per month

Listing Details

  • Standard Status: Active
  • Property Type: Residential
  • MLS Status: Active
  • Property Sub Type: Condominium
  • Architectural Style: European
  • Property Condition: Resale
  • Year Built: 1961
  • Levels Stories: One
  • Above Grade Finished Sq Ft: 576.00
  • Special Features: None

Property Details

  • Property: Residential Attached

Interior Features

  • Flooring: Ceramic Tile, Hardwood
  • Appliances: Dishwasher, Disposal, Electric Range, Electric Water Heater, Microwave
  • Interior Amenities: High Speed Internet, Low Flow Plumbing Fixtures
  • Basement: Crawl Space
  • Kitchen Features: Breakfast Bar, Cabinets Stain, Stone Counters, View to Family Room
  • Common Walls: 2+ Common Walls
  • Additional Rooms: Other
  • Dining Room Features: Open Concept
  • Square Footage: 576.00
  • Spa Features: None
  • Window Features: Insulated Windows

Beds/Baths

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

Exterior Features

  • Construction Materials: Brick, Brick 4 Sides
  • Roof Type: Composition
  • Fencing: Front Yard, Wood
  • Patio And Porch Features: Covered, Deck, Front Porch
  • Exterior Features: Private Entry
  • View: City
  • Pool Private: No
  • Foundation: None

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Cooling: Central Air, Electric
  • Heating: Central, Heat Pump
  • Laundry Features: In Kitchen, Main Level
  • Utilities: Cable Available, Sewer Available, Water Available
  • Electric: 110 Volts

Condo/Co-op/Association

  • HOA Fee Includes: Maintenance Grounds, Maintenance Structure, Pest Control, Water
  • Community Features: Homeowners Assoc, Near Beltline, Near Public Transport, Near Schools, Near Shopping, Near Trails/Greenway, Sidewalks, Street Lights
  • Association Fee: 200
  • Association Fee Frequency: Monthly
  • F H A Condo Approval: Yes
  • Association: Yes
  • Management Company Email: capitol8.hoa@gmail.com
  • Subdivision Complex: Capitol 8 Condos

Association/Amenities

  • Number Of Units In Community: 1
  • Management Company: Capitol 8 HOA

Schools

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

Lot Info

  • Acres: 0.0132
  • Land/Lot: 76
  • Deed Book: 43152
  • Deed Page: 603
  • Plat Book: 17
  • Plat Page: 135
  • Lot Features: Landscaped
  • Lot Dimensions: x
  • Parcel Number: 14 007600101527
  • Horse Amenities: None
  • Land Lease: No
  • Property Attached Yn: Yes

Green Features

  • Efficiency: HVAC, Thermostat
  • Green Energy Generation: None

Tax Info

  • Taxes: 1483.00
  • Assessor Parcel Number: 14-0076-0010-152-7
  • Tax Year: 2022

MLS Schools

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

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2025 05/13/25 Price Changed $1,295 0.0% $2 / Sq Ft
05/13/2025 05/13/25 For Rent $1,295 0.0% --
04/01/2025 04/01/25 For Sale $185,000 0.0% $321 / Sq Ft
01/14/2025 01/14/25 Off Market $1,550 -- --
12/11/2024 12/11/24 For Rent $1,550 0.0% --
10/14/2022 10/14/22 Sold $161,000 +0.6% $280 / Sq Ft
09/15/2022 09/15/22 Pending -- -- --
09/08/2022 09/08/22 For Sale $160,000 -- $278 / Sq Ft
Source: First Multiple Listing Service (FMLS)

Similar Homes in Atlanta, GA

  • 238 Walker St SW Unit 32, Atlanta, GA 30313

    $179,999

    • 1 Bed
    • 1 Bath
    • 956 Sq Ft
    • 238 Walker St SW
    • Unit 32
    • Atlanta, GA

    Experience living in this chic I-bedroom, I-bathroom loft at 238 Walker St, Unit 32. Featuring an open-concept living area with high ceilings and large windows, the space is filled with natural light and city views. The modern kitchen includes stainless steel appliances and stylish cabinetry. Additional amenities include in-unit laundry, secure building access, and an on-site fitness center.

    Roxanne Sellers Compass

    Section Image
  • 425 Chapel St SW Unit 1206, Atlanta, GA 30313

    $190,000

    • 1 Bed
    • 1 Bath
    • 1,196 Sq Ft
    • 425 Chapel St SW
    • Unit 1206
    • Atlanta, GA

    Welcome to your urban oasis! This stunning 1-bedroom condo, just moments from the iconic Mercedes-Benz Stadium, offers the perfect blend of modern convenience and city living. Step inside to discover a beautifully updated space featuring brand-new appliances that add a touch of elegance to the well-appointed kitchen, complete with sleek granite countertops. The open-concept living area is perfect

    Roxanne Sellers Compass

    Section Image
  • 215 Piedmont Ave NE Unit 1109, Atlanta, GA 30308

    $200,000

    • 1 Bed
    • 1 Bath
    • 1,020 Sq Ft
    • 215 Piedmont Ave NE
    • Unit 1109
    • Atlanta, GA

    NO RENTAL RESTRICTIONS, SHORT-TERM ALLOWED, One bedroom, One Bathroom, Living room Dining room combination,with separate kitchen and storage room. Fully supplied and stocked. ALL FURNISHING INCLUDED. New luxury vinyl hardwood floors(AquaGuard/Floor & Decor waterproof flooring) in the hallway and both bedrooms. Freshly repainted a month ago. This sleek, modernhome is newly renovated. An

    THE ZAC TEAM RE/MAX Metro Atlanta Cityside

    Section Image
  • 215 Piedmont Ave NE Unit 2208, Atlanta, GA 30308

    $215,000

    • 1 Bed
    • 1 Bath
    • 850 Sq Ft
    • 215 Piedmont Ave NE
    • Unit 2208
    • Atlanta, GA

    CASH FLOW, PENTHOUSE CORNER UNIT, NO RENTAL RESTRICTIONS, SHORT-TERM ALLOWED, Newly renovated One Bedroom, One Bathroom, PENTHOUSE CORNER Level, Top Floor, Living room Dining roomcombination, Remote Workstation Setup, and storage room. Fully supplied and stocked. ALL FURNISHING INCLUDED. Completelyrenovated with new sleek blue cabinets equipped with shiny stainless steel appliances, refrigerator

    THE ZAC TEAM RE/MAX Metro Atlanta Cityside

    Section Image
  • 215 Piedmont Ave NE Unit 1001, Atlanta, GA 30308

    $180,000

    • 2 Beds
    • 1 Bath
    • 1,075 Sq Ft
    • 215 Piedmont Ave NE
    • Unit 1001
    • Atlanta, GA

    CASH FLOW BUSINESS, NO RENTAL RESTRICTIONS, SHORT-TERM ALLOWED, Renovated two-bedroom, one-bathroom unit offers a stylish and fully equipped living space. The property features a combined living anddining area, a separate kitchen with a large walk-in pantry, and a dedicated storage room. Hardwood floors run throughout the home,adding warmth and character. The primary bedroom is furnished with a

    THE ZAC TEAM RE/MAX Metro Atlanta Cityside

    Section Image
  • 215 Piedmont Ave NE Unit 804, Atlanta, GA 30308

    $150,000

    • 1 Bed
    • 1 Bath
    • 631 Sq Ft
    • 215 Piedmont Ave NE
    • Unit 804
    • Atlanta, GA

    GREAT CASH FLOW, NO RENTAL RESTRICTIONS, SHORT-TERM ALLOWED, renovated one bedroom, one bathroom, living room/kitchen combination, and separate dining room. Fully supplied and stocked. ALLFURNISHING INCLUDED. New luxury vinyl hardwood floors (AquaGuard/Floor & Decor waterproof flooring), private bedroom with premiumquality hybrid mattress and sleeper sofa, clean white bathroom, rare in-unit

    THE ZAC TEAM RE/MAX Metro Atlanta Cityside

    Section Image
  • 1150 Collier Rd NW Unit 6H, Atlanta, GA 30318

    $180,000

    • 1 Bed
    • 1 Bath
    • 775 Sq Ft
    • 1150 Collier Rd NW
    • Unit 6H
    • Atlanta, GA

    Move-in-ready 1BR/1BA condo located on the top floor of the desirable, gated Collier Green community offering added privacy and peace of mind in a cozy neighborhood tucked within the heart of Atlanta. Thoughtfully updated with new lighting, re-tiled bathroom, fresh paint, and refinished white oak hardwoods. Features include a spacious walk-in closet, in-unit laundry, and open-concept living.

    Kyndra Beaudoin-Terry Coldwell Banker Realty

    Section Image
  • 2479 Peachtree Rd NE Unit 1703, Atlanta, GA 30305

    $179,500

    • 1 Bed
    • 1 Bath
    • 837 Sq Ft
    • 2479 Peachtree Rd NE
    • Unit 1703
    • Atlanta, GA

    Top-Floor Buckhead Condo | Breathtaking Views + Flexible Seller Incentives!This fully renovated 1BR/1BA at Parklane on Peachtree is a showstopper—soaring skyline views, brand-new hardwoods, granite counters, gas cooking, and natural light pouring in. ALL utilities included in HOA! Amenities? Concierge, pool, gym, dog park, secured parking, and more. Motivated seller is offering concessions toward

    Michelle Vargas Equitable Estates Realty, LLC.

    Section Image
  • 2965 Pharr Court South NW Unit 718, Atlanta, GA 30305

    $165,000

    • 1 Bed
    • 1 Bath
    • 642 Sq Ft
    • 2965 Pharr Court South NW
    • Unit 718
    • Atlanta, GA

    Welcome to Slaton Manor unit 718 — a perfect blend of historic charm and modern convenience in the heart of Buckhead. This newly renovated 1-bedroom, 1-bathroom condo features a refreshed kitchen and bathroom, plus stylish LVP flooring throughout. Located in the Slaton Manor building, built in 1958, this home offers gated garage parking with an assigned spot and an additional storage unit for

    Val Lemoine Keller Williams Realty Signature Partners

    Section Image

Source: First Multiple Listing Service (FMLS)

MLS Number: 7551571

First Multiple Listing Service (FMLS)