NOT LISTED FOR SALE

571 Formwalt St SW Unit 12 Atlanta, GA 30312

Mechanicsville Neighborhood

Estimated Value: $137,000 - $152,000

2 Beds
1 Bath
588 Sq Ft
$150/mo HOA Fee

Last Sold May 30, 2017

Last sale price $68,500 $116 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $1,105/month

16 Days on Market

Highlights

  • No Units Above
  • Deck
  • Courtyard
  • City View
  • Balcony
  • Living Room

About This Home

As of May 2017

GSU expansion area, surrounded by NEW single family homes area, near bus and train, downtown Atlanta, Occupied

Last Agent to Sell the Property

Winfield Ezell

Bailey & Hunter, LLC. License #152651 Listed on: 05/01/2017

Last Buyer's Agent

Lanette Ashley

Virtual Properties Realty. Biz License #170084

Virtual Properties Realty. Biz

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $320

Year Built

  • Built in 1961

Lot Details

  • No Units Above
  • End Unit

HOA Fees

  • $150 Monthly HOA Fees

Home Design

  • Shingle Roof
  • Four Sided Brick Exterior Elevation

Interior Spaces

  • 588 Sq Ft Home
  • 1-Story Property
  • Living Room
  • City Views
  • Security Gate

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Parking Space
  • Unassigned Parking

Outdoor Features

  • Balcony
  • Courtyard
  • Deck

Schools

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

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 14 007600101436

Community Details

Overview

  • Bailey & Hunter Association
  • Secondary HOA Phone (404) 230-9855
  • Mid-Rise Condominium
  • Capitol City Square Subdivision

Recreation

  • Swim or tennis dues are required

Security

  • Card or Code Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$320

Year Built

Built in 1961

Lot Details

0

HOA Fees

$150 per month

Listing Details

  • Standard Status: Closed
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Condominium
  • Architectural Style: Mid-Rise (up to 5 stories)
  • Property Condition: Resale
  • Year Built: 1961
  • Levels Stories: One
  • Special Features: None

Property Details

  • Property: Residential Attached

Interior Features

  • Appliances: Electric Water Heater
  • Interior Amenities: High Speed Internet
  • Common Walls: End Unit, No One Above
  • Additional Rooms: Living Room
  • Square Footage: 588.00

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: Shingle
  • Patio And Porch Features: Deck
  • Exterior Features: Balcony, Courtyard
  • View: City

Garage/Parking

  • Number Of Parking Spaces: 1
  • Parking Features: Unassigned

Utilities

  • Security: Key Card Entry, Security Gate
  • Cooling: Window Unit(s)
  • Heating: Forced Air

Condo/Co-op/Association

  • HOA Fee Includes: Maintenance Exterior, Maintenance Grounds, Sewer, Water
  • Association Fee: 150
  • Association Fee Frequency: Monthly
  • Master Association Fee Frequency: Annually
  • Swim Tennis Fee Due: Required
  • Association: Yes
  • Management Phone: 404-230-9855
  • Subdivision Complex: Capitol City Square

Association/Amenities

  • Management Company: Bailey & Hunter

Schools

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

Lot Info

  • Land/Lot: 76
  • Deed Book: 53288
  • Deed Page: 494
  • Plat Book: 16
  • Plat Page: 211
  • Parcel Number: 14 007600101436
  • Property Attached Yn: Yes

Tax Info

  • Taxes: 320.00
  • Assessor Parcel Number: 14-0076-0010-143-6
  • Close Date: 2017-05-30
  • 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

Closed on
Dec 20, 2019
Sold by
Gebregziabher Betru
Bought by
Betru Tsedey
Current Estimated Value
$143,351

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 1, 2017
Closed on
May 30, 2017
Sold by
Conex2us Lllp
Bought by
Gebregziabher Betru and Gebregziabher Amsale
Seller's Agent
Winfield Ezell
Bailey & Hunter, LLC.
Buyer's Agent
Lanette Ashley
Virtual Properties Realty. Biz
List Price
$69,900
Sold Price
$68,500
Premium/Discount to List
-$1,400
-2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.83%

Purchase Details

Listed on
Mar 25, 2013
Closed on
Sep 30, 2013
Sold by
Stewart Pamela
Bought by
Conex2us Lllp
Seller's Agent
ROBBIN SMITH
Keller Williams Realty Peachtree Rd.
Buyer's Agent
Jon Kettering
NOT A VALID MEMBER
List Price
$45,000
Sold Price
$25,000
Premium/Discount to List
-$20,000
-44.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
31.03%

Purchase Details

Listed on
Mar 25, 2013
Closed on
Sep 6, 2013
Sold by
Harper Tamara L
Bought by
Stewart Pamela
Seller's Agent
ROBBIN SMITH
Keller Williams Realty Peachtree Rd.
Buyer's Agent
Jon Kettering
NOT A VALID MEMBER
List Price
$45,000
Sold Price
$25,000
Premium/Discount to List
-$20,000
-44.44%

Purchase Details

Closed on
Apr 27, 2005
Sold by
Formwalt Court Llc
Bought by
Harper Tamara L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,345
Interest Rate
6.95%
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
Betru Tsedey $76,000 --
Gebregziabher Betru $68,500 --
Conex2us Lllp $25,000 --
Stewart Pamela $25,000 --
Harper Tamara L $96,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Betru Tsedey $72,000
Previous Owner Harper Tamara L $104,000
Previous Owner Harper Tamara L $72,345
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2017 05/30/17 Sold $68,500 -2.0% $116 / Sq Ft
05/17/2017 05/17/17 Pending -- -- --
05/01/2017 05/01/17 For Sale $69,900 +179.6% $119 / Sq Ft
09/06/2013 09/06/13 Sold $25,000 -44.4% $43 / Sq Ft
06/26/2013 06/26/13 Pending -- -- --
03/25/2013 03/25/13 For Sale $45,000 -- $77 / 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 $2,040 $55,840 $6,720 $49,120
2023 $2,648 $63,960 $7,720 $56,240
2022 $1,598 $39,480 $4,760 $34,720
2021 $366 $38,320 $4,600 $33,720
2020 $1,552 $37,880 $4,560 $33,320
2019 $138 $34,800 $4,200 $30,600
2018 $946 $22,840 $3,040 $19,800
2017 $320 $7,400 $1,560 $5,840
2016 $320 $7,400 $1,560 $5,840
2015 $411 $7,400 $1,560 $5,840
2014 $336 $7,400 $1,560 $5,840
Source: Public Records

Agents Affiliated with this Home

  • Winfield Ezell

    Seller's Agent in 2017

    Winfield Ezell

    Bailey & Hunter, LLC.

    (404) 522-8700

    8 Total Sales

    Section Image

  • L

    Buyer's Agent in 2017

    Lanette Ashley

    Virtual Properties Realty.BIZ

    7 Total Sales

    Section Image

  • R

    Seller's Agent in 2013

    ROBBIN SMITH

    Keller Williams Realty Peachtree Rd.

    (404) 939-6677

    1 Total Sale

    Section Image

  • J

    Buyer's Agent in 2013

    Jon Kettering

    NOT A VALID MEMBER

    Section Image
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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 5834314

First Multiple Listing Service (FMLS)

APN: 14-0076-0010-143-6

Georgia Fulton County Atlanta 30312 Mechanicsville

571 Formwalt St SW Unit 12, Atlanta, GA

This home is located at 571 Formwalt St SW Unit 12, Atlanta, GA 30312 since 01 May 2017 and is currently estimated at $144,046, approximately $244 per square foot. This property was built in 1961. 571 Formwalt St SW Unit 12 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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