NOT LISTED FOR SALE

571 Formwalt St SW Unit 1 Atlanta, GA 30312

Mechanicsville Neighborhood

Estimated Value: $127,000 - $148,000

2 Beds
1 Bath
587 Sq Ft
$197/mo HOA Fee

Last Sold January 16, 2019

Last sale price $100,000 $170 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $947/month

24 Days on Market

Highlights

  • Gated Community
  • Deck
  • Property is near public transit
  • City View
  • Contemporary Architecture
  • Wood Flooring

About This Home

As of January 2019

INCREDIBLE INVESTMENT OPPORTUNITY! This FULLY FURNISHED Condo features NO LONG TERM RENTAL RESTRICTIONS. A centrally located QUIET COMMUNITY! FULLY RENOVATED! Not only is it great for an investment, it's perfect for a HOME BUYER! GATED COMMUNITY, PRIVATE PARKING, IN-UNIT WASHER/DRYER, HARDWOOD FLOORS, EXPOSED BRICK, And PERFECT CITY VIEWS from DECK!

Last Agent to Sell the Property

Britney Martin

WYND REALTY LLC License #348720 Listed on: 10/31/2018

WYND REALTY LLC

Last Buyer's Agent

Jasmine Mays

WYND REALTY LLC License #387202

WYND REALTY LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $319

Year Built

  • Built in 1961 | Remodeled

Lot Details

  • End Unit
  • Private Entrance
  • Landscaped
  • Front Yard

HOA Fees

  • $197 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 587 Sq Ft Home
  • 2-Story Property
  • Roommate Plan
  • Ceiling Fan
  • Great Room
  • Family Room
  • Wood Flooring
  • City Views
  • Security Gate

Kitchen

  • Open to Family Room
  • Electric Range
  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Wood Stained Kitchen Cabinets
  • Disposal

Bedrooms and Bathrooms

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

Parking

  • 9 Car Garage
  • Side Facing Garage
  • Driveway
  • On-Street Parking
  • Parking Lot
  • Unassigned Parking

Eco-Friendly Details

  • Energy-Efficient Thermostat

Outdoor Features

  • Balcony
  • Deck
  • Covered Patio or Porch

Location

  • Property is near public transit
  • Property is walking distance to MARTA
  • 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
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 14 007600101329

Community Details

Overview

  • Capital City Square Condos Subdivision

Recreation

  • Trails

Security

  • Gated Community
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$319

Year Built

Built in 1961 | Remodeled

Lot Details

0

HOA Fees

$197 per month

Listing Details

  • Standard Status: Closed
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Condominium
  • Architectural Style: Contemporary/Modern, Loft
  • Property Condition: Updated/Remodeled
  • Year Built: 1961
  • Levels Stories: Two
  • Special Features: None

Property Details

  • Property: Residential Attached

Interior Features

  • Flooring: Hardwood
  • Appliances: Dishwasher, Disposal, Electric Range, Microwave, Refrigerator
  • Kitchen Features: Cabinets Stain, Solid Surface Counters, View to Family Room
  • Common Walls: End Unit
  • Additional Rooms: Family Room, Great Room - 1 Story
  • Square Footage: 587.00

Beds/Baths

  • Total Bedrooms: 2
  • Bedroom Features: Master on Main, Roommate Floor Plan
  • Main Bedrooms: 2
  • Total Full Baths: 1
  • Main Full Bathrooms: 1
  • Master Bathroom Features: Tub/Shower Combo

Exterior Features

  • Construction Materials: Brick 4 Sides
  • Roof Type: Composition
  • Patio And Porch Features: Covered, Deck
  • Exterior Features: Balcony, Private Front Entry
  • View: City

Garage/Parking

  • Number Of Parking Spaces: 9
  • Parking Features: Driveway, Garage Faces Side, On Street, Parking Lot, Unassigned

Utilities

  • Security: Carbon Monoxide Detector(s), Fire Alarm, Security Gate, Smoke Detector(s)
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Central, Electric
  • Utilities: Cable Available, Electricity Available, Sewer Available

Condo/Co-op/Association

  • HOA Fee Includes: Maintenance Exterior, Maintenance Grounds, Security
  • Community Features: Gated, Homeowners Assoc, Near Beltline, Near Marta, Near Schools, Near Shopping, Near Trails/Greenway, Public Transportation
  • Association Fee: 197
  • Association Fee Frequency: Monthly
  • Master Association Fee Frequency: Annually
  • Association: Yes
  • Subdivision Complex: Capital City Square Condos

Association/Amenities

  • Number Of Units In Community: 1

Green Features

  • Efficiency: Thermostat

Lot Info

  • Lot Features: Front Yard, Landscaped
  • Lot Dimensions: x
  • Parcel Number: 14 007600101329
  • Property Attached Yn: Yes

Tax Info

  • Taxes: 319.00
  • Tax Year: 2016

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

Listed on
Oct 31, 2018
Closed on
Jan 16, 2019
Sold by
Richardson Gregory
Bought by
Alabi David
Seller's Agent
Britney Martin
WYND REALTY LLC
Buyer's Agent
Jasmine Mays
WYND REALTY LLC
List Price
$100,000
Sold Price
$100,000
Current Estimated Value
$135,502

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,502
Avg. Annual Appreciation
4.54%
Original Mortgage
$75,000
Outstanding Balance
$65,940
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$69,562

Purchase Details

Listed on
Jan 2, 2018
Closed on
Apr 20, 2018
Sold by
Middleton Angela
Bought by
Richardson Gregory and Richardson Gail
Seller's Agent
Sharon Sims
HomeSmart
Buyer's Agent
NON-MLS NMLS
Non FMLS Member
List Price
$89,990
Sold Price
$89,900
Premium/Discount to List
-$90
-0.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.25%

Purchase Details

Closed on
Jun 1, 2010
Sold by
Bac Home Loans Servicing Lp
Bought by
Federal Natl Mtg Assn Fnma

Purchase Details

Closed on
Jan 10, 2006
Sold by
Formwalt Court Llc
Bought by
Taylor Angela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$22,200
Interest Rate
6.21%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Alabi David $100,000 --
Richardson Gregory $89,900 --
Federal Natl Mtg Assn Fnma -- --
Bac Home Loans Servicing Lp $103,504 --
Taylor Angela $111,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alabi David $75,000
Previous Owner Taylor Angela $22,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/16/2019 01/16/19 Sold $100,000 0.0% $170 / Sq Ft
11/24/2018 11/24/18 Pending -- -- --
11/20/2018 11/20/18 For Sale $100,000 0.0% $170 / Sq Ft
10/31/2018 10/31/18 Pending -- -- --
10/31/2018 10/31/18 For Sale $100,000 +11.2% $170 / Sq Ft
04/18/2018 04/18/18 Sold $89,900 -0.1% $153 / Sq Ft View Prior Sale
03/28/2018 03/28/18 Pending -- -- --
03/07/2018 03/07/18 For Sale $89,990 0.0% $153 / Sq Ft
03/01/2018 03/01/18 Pending -- -- --
03/01/2018 03/01/18 For Sale $89,990 0.0% $153 / Sq Ft
02/08/2018 02/08/18 Pending -- -- --
02/06/2018 02/06/18 Price Changed $89,990 -5.2% $153 / Sq Ft
01/11/2018 01/11/18 For Sale $94,900 0.0% $162 / Sq Ft
01/07/2018 01/07/18 Pending -- -- --
01/02/2018 01/02/18 For Sale $94,900 0.0% $162 / Sq Ft
06/01/2012 06/01/12 Rented $699 -6.8% --
05/02/2012 05/02/12 Under Contract -- -- --
03/19/2012 03/19/12 For Rent $750 -- --
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
2025 $414 $52,920 $6,720 $46,200
2023 $2,507 $60,560 $7,680 $52,880
2022 $406 $37,400 $4,720 $32,680
2021 $387 $36,320 $4,600 $31,720
2020 $1,470 $35,880 $4,560 $31,320
2019 $138 $32,960 $4,160 $28,800
2018 $896 $21,640 $3,040 $18,600
2017 $318 $7,360 $1,560 $5,800
2016 $319 $7,360 $1,560 $5,800
2015 $410 $7,360 $1,560 $5,800
2014 $334 $7,360 $1,560 $5,800
Source: Public Records

Agents Affiliated with this Home

  • Britney Martin

    Seller's Agent in 2019

    Britney Martin

    WYND REALTY LLC

    (404) 933-5280

    5 Total Sales

    Britney Martin
    Section Image

  • J

    Buyer's Agent in 2019

    Jasmine Mays

    WYND REALTY LLC

    (205) 239-5382

    10 Total Sales

    Jasmine Mays
    Section Image

  • S

    Seller's Agent in 2018

    Sharon Sims

    HomeSmart

    (678) 231-1987

    9 Total Sales

    Sharon Sims
    Section Image

  • N

    Buyer's Agent in 2018

    NON-MLS NMLS

    Non FMLS Member

  • A

    Seller's Agent in 2012

    ANGIE MIDDLETON

    NOT A VALID MEMBER

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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 6093887

First Multiple Listing Service (FMLS)

APN: 14-0076-0010-132-9

Georgia Fulton County Atlanta 30312 Mechanicsville

571 Formwalt St SW Unit 1, Atlanta, GA

Not Listed for Sale

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