NOT LISTED FOR SALE

571 Formwalt St SW Unit 10 Atlanta, GA 30312

Mechanicsville Neighborhood

Estimated Value: $138,000 - $151,000

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

Last Sold June 27, 2018

Last sale price $92,500 $149 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $1,119/month

20 Days on Market

Highlights

  • Open-Concept Dining Room
  • Contemporary Architecture
  • Wood Flooring
  • Deck
  • Property is near public transit
  • 1-Story Property

About This Home

As of June 2018

Excellent investor opportunity in hot Mechanicsville community. Currently rented at $895/month with long term tenant who wants to remain!

Last Agent to Sell the Property

Patrick Peyer

Keller Williams Realty Metro Atlanta License #266568 Listed on: 05/08/2018

Keller Williams Realty Metro Atlanta

Last Buyer's Agent

Stephanie Lockhart

iBuyiSell Realty License #380380

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $331

Year Built

  • Built in 1961

Lot Details

  • 610

HOA Fees

  • $197 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 620 Sq Ft Home
  • 1-Story Property
  • Open-Concept Dining Room
  • Wood Flooring
  • Open Access
  • Laundry in Hall

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Wood Stained Kitchen Cabinets

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • 2 Parking Spaces
  • Assigned Parking

Location

  • Property is near public transit
  • 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
  • Heating System Uses Natural Gas
  • High Speed Internet

Additional Features

  • Energy-Efficient Thermostat
  • Deck

Listing and Financial Details

  • Assessor Parcel Number 14 007600101410

Community Details

Overview

  • Community Management Assoc Association, Phone Number (404) 835-9100
  • Secondary HOA Phone (404) 835-9100
  • Capital City Square Condos Subdivision

Recreation

  • Trails

Property Details

Home Type

Condominium

Est. Annual Taxes

$331

Year Built

Built in 1961

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

Property Details

  • Property: Residential Attached

Interior Features

  • Flooring: Hardwood
  • Appliances: Dishwasher, Electric Range, Microwave, Refrigerator
  • Interior Amenities: High Speed Internet
  • Kitchen Features: Cabinets Stain
  • Additional Rooms: Other
  • Dining Room Features: Open Concept
  • Square Footage: 620.00

Beds/Baths

  • Total Bedrooms: 2
  • Main Bedrooms: 2
  • Total Full Baths: 1
  • Main Full Bathrooms: 1

Exterior Features

  • Construction Materials: Brick 4 Sides
  • Roof Type: Composition, Shingle
  • Patio And Porch Features: Deck

Garage/Parking

  • Number Of Parking Spaces: 2
  • Parking Features: Assigned

Utilities

  • Security: Open Access
  • Cooling: Central Air
  • Heating: Central, Natural Gas
  • Laundry Features: In Hall

Condo/Co-op/Association

  • HOA Fee Includes: Maintenance Exterior, Maintenance Grounds, Sewer, Trash, Water
  • Community Features: Near Beltline, Near Trails/Greenway, Public Transportation
  • Association Fee: 197
  • Association Fee Frequency: Monthly
  • Master Association Fee Frequency: Annually
  • Association: Yes
  • Hoa Contact Phone: 404-835-9100
  • Management Company Email: Asanders@cmacommunities.com
  • Management Phone: 404-835-9100
  • Subdivision Complex: Capital City Square Condos

Association/Amenities

  • Management Company: Community Management Assoc

Schools

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

Lot Info

  • Deed Book: 53525
  • Deed Page: 395
  • Parcel Number: 14 007600101410
  • Property Attached Yn: Yes

Green Features

  • Efficiency: Thermostat

Tax Info

  • Taxes: 331.00
  • Assessor Parcel Number: 14-0076-0010-141-0
  • Close Date: 2018-06-27
  • Tax Year: 2016

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.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2018
Closed on
Jun 27, 2018
Sold by
Liquid Capital Rei One Llc
Bought by
Mitchell Tyra
Seller's Agent
Patrick Peyer
Keller Williams Realty Metro Atlanta
Buyer's Agent
Stephanie Lockhart
iBuyiSell Realty
List Price
$95,000
Sold Price
$92,500
Premium/Discount to List
-$2,500
-2.63%
Current Estimated Value
$138,233

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,733
Avg. Annual Appreciation
6.14%
Original Mortgage
$61,000
Outstanding Balance
$37,562
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$103,950

Purchase Details

Listed on
Feb 15, 2013
Closed on
Mar 29, 2013
Sold by
Federal National Mortgage Association
Bought by
Liquid Capital Rei One Llc
Seller's Agent
Bill Murray
WAM Real Estate Service, Inc.
Buyer's Agent
Kristen Moore
Homesmart Realty Partners
List Price
$29,900
Sold Price
$22,500
Premium/Discount to List
-$7,400
-24.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.90%

Purchase Details

Closed on
May 20, 2005
Sold by
Formwalt Court Llc
Bought by
Alexander Rai V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,520
Interest Rate
6.9%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Mitchell Tyra $92,500 --
Liquid Capital Rei One Llc $22,500 --
Alexander Rai V $106,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mitchell Tyra $61,000
Previous Owner Alexander Rai $92,800
Previous Owner Alexander Rai $19,720
Previous Owner Alexander Rai V $85,520
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2018 06/27/18 Sold $92,500 -2.6% $149 / Sq Ft
05/28/2018 05/28/18 Pending -- -- --
05/08/2018 05/08/18 For Sale $95,000 0.0% $153 / Sq Ft
11/16/2013 11/16/13 Rented $700 0.0% --
10/17/2013 10/17/13 Under Contract -- -- --
08/22/2013 08/22/13 For Rent $700 0.0% --
03/29/2013 03/29/13 Sold $22,500 -24.7% $36 / Sq Ft
02/15/2013 02/15/13 For Sale $29,900 -- $48 / 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
2025 $1,993 $54,560 $7,080 $47,480
2023 $2,587 $62,480 $8,120 $54,360
2022 $1,561 $38,560 $5,000 $33,560
2021 $1,517 $37,440 $4,840 $32,600
2020 $1,516 $37,000 $4,800 $32,200
2019 $138 $34,000 $4,400 $29,600
2018 $924 $22,320 $3,200 $19,120
2017 $330 $7,640 $1,680 $5,960
2016 $331 $7,640 $1,680 $5,960
2015 $332 $7,640 $1,680 $5,960
2014 -- $7,640 $1,680 $5,960
Source: Public Records

Agents Affiliated with this Home

  • Patrick Peyer

    Seller's Agent in 2018

    Patrick Peyer

    Keller Williams Realty Metro Atlanta

    (404) 564-5560

    134 Total Sales

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  • Stephanie Lockhart

    Buyer's Agent in 2018

    Stephanie Lockhart

    iBuyiSell Realty

    (404) 786-7401

    17 Total Sales

    Section Image

  • B

    Seller's Agent in 2013

    Bill Murray

    WAM Real Estate Service, Inc.

    (404) 696-4111

    2 Total Sales

    Section Image

  • F

    Seller's Agent in 2013

    Fernando Bartolomei

    Vestlet Property Management

    (678) 300-1781

    12 Total Sales

    Section Image
  • Glenda Broker

    Buyer's Agent in 2013

    Glenda Broker

    Non-Mls Company

    (800) 289-1214

    Section Image

  • K

    Buyer's Agent in 2013

    Kristen Moore

    Homesmart Realty Partners

    (404) 274-3844

    2 Total Sales

    Section Image
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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 6008431

First Multiple Listing Service (FMLS)

APN: 14-0076-0010-141-0

Georgia Fulton County Atlanta 30312 Mechanicsville

571 Formwalt St SW Unit 10, Atlanta, GA

This home is located at 571 Formwalt St SW Unit 10, Atlanta, GA 30312 since 08 May 2018 and is currently estimated at $141,396, approximately $228 per square foot. This property was built in 1961. 571 Formwalt St SW Unit 10 is a home located in Fulton County with nearby schools including Dunbar Elementary School, King Middle School, and Maynard Holbrook Jackson High School.

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