$161,000
SOLD OCT 14, 2022

562 Formwalt St SW Unit 5 Atlanta, GA 30312

Mechanicsville Neighborhood
1 Bed
1 Bath
576 Sq Ft
$135/mo HOA Fee

Recently Sold

$280 Per Sq Ft

1% Above List Price

7 Days on Market

Highlights

  • City View
  • Contemporary Architecture
  • Main Floor Primary Bedroom
  • Deck
  • Wood Flooring
  • End Unit

About This Home

As of October 2022

Perfect one bedroom condo for Investors and first time buyers! NO RENTAL RESTRICTIONS! Contemporary style with real hardwood floors. Exposed brick walls in kitchen & bedroom. Just the right amount of natural light. Laundry room, perfect outdoor deck space for entertaining, breakfast bar, modern light fixtures. Kitchen with granite countertops ,SS appliances, off-street parking. This condo has a great location and surroundings. Close to GA State, Capital, Mercedes Benz Stadium, Georgia State, Airport, I-75/85 & downtown. Quintessential in-town living with a great view.

Last Agent to Sell the Property

Heath Ladnier

Compass License #367477 Listed on: 09/08/2022

Compass

Last Buyer's Agent

Jennifer Engel

Compass License #361522

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,442

Year Built

  • Built in 1961

Lot Details

  • End Unit
  • No Units Located Below
  • Fenced

HOA Fees

  • $135 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Brick Foundation
  • Composition Roof
  • Four Sided Brick Exterior Elevation
  • Concrete Perimeter Foundation

Interior Spaces

  • 576 Sq Ft Home
  • 1-Story Property
  • Insulated Windows
  • Wood Flooring
  • City Views
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Electric Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • 1 Full Bathroom
  • Bathtub and Shower Combination in Primary Bathroom

Laundry

  • Dryer
  • Washer

Home Security

Parking

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

Outdoor Features

  • Balcony
  • Deck
  • Covered Patio or Porch

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • 220 Volts
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 14 007600101527

Community Details

Overview

  • 8 Units
  • Capital 8 HOA
  • Capital 8 Condos Subdivision

Amenities

  • Laundry Facilities

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,442

Year Built

Built in 1961

Lot Details

0

HOA Fees

$135 per month

Listing Details

  • Standard Status: Closed
  • Legal Description: X
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Condominium
  • Architectural Style: Contemporary/Modern
  • Property Condition: Resale
  • Year Built: 1961
  • Levels Stories: One
  • Special Features: None

Property Details

  • Property: Residential Attached

Interior Features

  • Flooring: Hardwood
  • Appliances: Dishwasher, Disposal, Dryer, Electric Cooktop, Electric Oven, Electric Range, Gas Water Heater, Microwave, Refrigerator, Washer
  • Basement: Crawl Space
  • Kitchen Features: Eat-in Kitchen
  • Common Walls: End Unit, No One Below
  • Additional Rooms: Other
  • 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 4 Sides
  • Roof Type: Composition
  • Fencing: Fenced
  • Patio And Porch Features: Covered, Deck
  • Exterior Features: Balcony
  • View: City
  • Foundation: Brick/Mortar, Concrete Perimeter

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Cooling: Central Air
  • Heating: Central, Forced Air, Natural Gas
  • Laundry Features: Common Area
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Electric: 220 Volts

Condo/Co-op/Association

  • HOA Fee Includes: Maintenance Exterior, Maintenance Grounds, Pest Control, Termite, Water
  • Association Fee: 135
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Management Company Email: capital8.hoa@gmail.com
  • Subdivision Complex: Capital 8 Condos

Association/Amenities

  • Number Of Units In Community: 8
  • Management Company: Capital 8 HOA

Schools

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

Lot Info

  • Acres: 0.0132
  • Lot Features: Corner Lot
  • Lot Dimensions: x
  • Parcel Number: 14 007600101527
  • Horse Amenities: None
  • Land Lease: No
  • Property Attached Yn: Yes

Green Features

  • Green Energy Generation: None

Tax Info

  • Taxes: 1442.00
  • Assessor Parcel Number: 14-0076-0010-152-7
  • Close Date: 2022-10-14
  • Tax Year: 2021

MLS Schools

  • School Bus Route Elem: Yes
  • School Bus Route High: Yes
  • School Bus Route Middle: Yes
  • Elementary School: Paul L. Dunbar
  • High School: Maynard Jackson
  • Middle School: Martin L. King Jr.

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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

Property History

Date Event Price Change Sq Ft Price
05/07/2025 05/07/25 Price Changed $1,295 -7.5% $2 / Sq Ft
04/21/2025 04/21/25 For Rent $1,400 0.0% --
04/01/2025 04/01/25 For Sale $185,000 +14.9% $321 / Sq Ft
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)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 7110228

First Multiple Listing Service (FMLS)