NOT LISTED FOR SALE

571 Formwalt St SW Unit 4 Atlanta, GA 30312

Mechanicsville Neighborhood

Estimated Value: $137,000 - $146,000

2 Beds
1 Bath
620 Sq Ft
610 Sq Ft Lot

Last Sold October 14, 2022

Last sale price $161,000 $260 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $933/month

Highlights

  • Home Theater
  • City View
  • Wood Flooring
  • Gated Community
  • Contemporary Architecture
  • Bonus Room

About This Home

As of March 2024

Welcome to your dream rental in Downtown Atlanta! This exceptional 1-bedroom, 1-bathroom with a BONUS ROOM offers a unique blend of functionality and versatility. Boasting a second bedroom that doubles as a bonus room, you'll have ample space to create your ideal office, nursery, entertainment room, or anything else you desire.


As you step inside, you'll be greeted by the timeless elegance of real wood floors that flow seamlessly throughout the entire home. These stunning floors not only add warmth and charm but also ensure easy maintenance and durability.


The kitchen is a true culinary haven, featuring a captivating brick accent wall that adds a touch of character and charm to your daily cooking adventures. Equipped with top-of-the-line stainless steel appliances, this kitchen is a chef's delight, allowing you to effortlessly whip up delicious meals.


Imagine sipping your morning coffee or enjoying a glass of wine in the evening on your private patio. This charming outdoor space provides a serene retreat where you can unwind and soak in the vibrant atmosphere of Downtown Atlanta.


Location is key, and this condo offers the epitome of convenience. Situated in the prime location of Downtown Atlanta, you'll have easy access to all the city has to offer. Whether it's exploring renowned restaurants, shopping at trendy boutiques, or immersing yourself in the vibrant cultural scene, everything is right at your fingertips. For example the Mercedes Benz Stadium and State Farm Arena are conveniently only 5 minutes away. Grocery shopping at Publix is 4 minutes away. You are also a quick drive away from the Midtown and Buckhead areas.


Commuting is a breeze with excellent access to public transportation. Say goodbye to the hassles of traffic and parking as you effortlessly hop on the train or bus, granting you the freedom to explore Atlanta's vibrant neighborhoods with ease.


Don't miss out on this incredible opportunity to secure your ideal rental in Downtown Atlanta. This condo is truly a gem!

Last Agent to Rent the Property

Alexandria Ikomoni

Coldwell Banker Realty License #412231 Listed on: 12/19/2023

Coldwell Banker Realty

Last Renter's Agent

Alexandria Ikomoni

Coldwell Banker Realty License #412231 Listed on: 12/19/2023

Coldwell Banker Realty

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,993

Year Built

  • Built in 1961

Lot Details

  • Two or More Common Walls
  • Private Entrance
  • Privacy Fence

Parking

  • Parking Lot

Home Design

  • Contemporary Architecture
  • Modern Architecture
  • Rustic Architecture
  • Shingle Roof
  • Four Sided Brick Exterior Elevation

Interior Spaces

  • 620 Sq Ft Home
  • 1-Story Property
  • Roommate Plan
  • Insulated Windows
  • Living Room
  • Home Theater
  • Home Office
  • Computer Room
  • Bonus Room
  • Game Room
  • Home Gym
  • City Views
  • Security Gate

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Dishwasher
  • Stone Countertops
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry closet
  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Patio
  • Rear Porch

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 Steam
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • 12 Month Lease Term
  • $40 Application Fee
  • Assessor Parcel Number 14 007600101352

Community Details

Overview

  • Property has a Home Owners Association
  • Application Fee Required
  • Mid-Rise Condominium

Security

  • Gated Community
  • Fire and Smoke Detector

Condo Details

Home Type

Condominium

Est. Annual Taxes

$1,993

Year Built

Built in 1961

Lot Details

0

Rental Info

  • Furnished: Unfurnished
  • Tenant Pays: Cable TV, Electricity
  • Credit Report Required: Yes
  • Lease Term: 12 Months
  • Per Adult Dollar: 40.00
  • Reservation Deposit: 1575.00
  • Application Fee Per Adult: Yes
  • Deposit Required: Last Month’s Rent

Listing Details

  • Standard Status: Closed
  • Property Type: Residential Lease
  • MLS Status: Closed
  • Property Sub Type: Condominium
  • Architectural Style: Contemporary, Mid-Rise (up to 5 stories), Rustic, Modern
  • Year Built: 1961
  • Levels Stories: One
  • Above Grade Finished Sq Ft: 620.00
  • Special Features: None

Property Details

  • Property: Residential Lease

Interior Features

  • Flooring: Ceramic Tile, Hardwood
  • Appliances: Dishwasher, Disposal, Electric Range, Electric Oven, Refrigerator, Washer, Dryer, Electric Cooktop
  • Interior Amenities: High Speed Internet
  • Kitchen Features: Cabinets Other, Stone Counters
  • Common Walls: 2+ Common Walls
  • Additional Rooms: Bedroom, Bonus Room, Computer Room, Exercise Room, Game Room, Living Room, Media Room, Office
  • Square Footage: 620.00
  • Spa Features: None
  • Window Features: Insulated Windows

Beds/Baths

  • Total Bedrooms: 2
  • Bedroom Features: Roommate Floor Plan
  • Main Bedrooms: 2
  • 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: Shingle
  • Fencing: Privacy
  • Patio And Porch Features: Patio, Rear Porch
  • Exterior Features: Balcony, Private Entry
  • View: City

Garage/Parking

  • Parking Features: Parking Lot

Utilities

  • Security: Smoke Detector(s), Security Gate
  • Cooling: Central Air
  • Heating: Central, Hot Water
  • Laundry Features: Laundry Closet
  • Utilities: Cable Available, Water Available, Electricity Available

Condo/Co-op/Association

  • Community Features: Gated, Homeowners Assoc, Sidewalks
  • Management: Owner Managed

Schools

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

Lot Info

  • Acres: 0.0140
  • Parcel Number: 14 007600101352
  • Property Attached Yn: No

Tax Info

  • Assessor Parcel Number: 14-0076-0010-135-2
  • Close Date: 2024-03-06

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

Closed on
Jan 15, 2025
Sold by
Anderson Jayla Whitfield
Bought by
Fordham Marc and Fordham Theiss Elizabeth
Current Estimated Value
$140,170

Purchase Details

Listed on
Sep 21, 2022
Closed on
Oct 14, 2022
Sold by
Wallis Nicola
Bought by
Whitfield Jayla
Seller's Agent
Madeline Coffin
HomeSmart
Buyer's Agent
Alexandria Ikomoni
Coldwell Banker Realty
List Price
$149,900
Sold Price
$161,000
Premium/Discount to List
$11,100
7.4%
Views
11

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.59%
Original Mortgage
$144,900
Interest Rate
6.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 10, 2005
Sold by
Formwalt Court Llc
Bought by
Wallis Nicole
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
Fordham Marc $143,000 --
Whitfield Jayla $161,000 --
Wallis Nicole $112,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Whitfield Jayla $144,900
Previous Owner Patterson Kisha S $163,135
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/06/2024 03/06/24 Rented $1,575 0.0% --
01/12/2024 01/12/24 Price Changed $1,575 -7.4% $3 / Sq Ft
12/19/2023 12/19/23 For Rent $1,700 0.0% --
10/14/2022 10/14/22 Sold $161,000 +7.4% $260 / Sq Ft
09/23/2022 09/23/22 Pending -- -- --
09/21/2022 09/21/22 For Sale $149,900 -- $242 / 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 $59,080 $7,080 $52,000
2023 $1,993 $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 $422 $7,640 $1,680 $5,960
2014 $346 $7,640 $1,680 $5,960
Source: Public Records

Agents Affiliated with this Home

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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 7315336

First Multiple Listing Service (FMLS)

APN: 14-0076-0010-135-2