571 Formwalt St SW Unit 7 Atlanta, GA 30312
Mechanicsville NeighborhoodEstimated payment $1,225/month
Highlights
- Newly Remodeled
- Wood Flooring
- Four Sided Brick Exterior Elevation
- Deck
- 1-Story Property
- Central Heating and Cooling System
About This Home
Location! REDUCED MOTIVATED SELLER... Investor, no Rental Restrictions. The unit is currently rented for 1000 to a long-term tenant can be increased to at least 1400 - 1500. It is very easy to find new tenants or increase rent. Also, it can be bought as a package with two other units in the same complex. Additional Unit 5 (MLS #: 7524995) is rented for 1250. And 571 Formwalt unit 7 is rented for 1250. There is no Seller Disclosure as the seller has not lived there.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,473
Year Built
- Built in 1961 | Newly Remodeled
HOA Fees
- $399 per month
Home Design
- Slab Foundation
- Shingle Roof
- Four Sided Brick Exterior Elevation
Interior Spaces
- 584 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Wood Flooring
- Laundry in Hall
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 1 Full Bathroom
Home Security
Parking
- 1 Parking Space
- On-Street Parking
- Parking Lot
- Assigned Parking
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
Additional Features
- Deck
- 1 Common Wall
Listing and Financial Details
- Assessor Parcel Number 14 007600101386
Community Details
Overview
- Mid-Rise Condominium
- Capitol City Square Subdivision
- FHA/VA Approved Complex
Security
- Fire and Smoke Detector
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,927 | $52,760 | $6,680 | $46,080 |
| 2023 | $2,501 | $60,400 | $7,640 | $52,760 |
| 2022 | $1,509 | $37,280 | $4,720 | $32,560 |
| 2021 | $1,466 | $36,200 | $4,560 | $31,640 |
| 2020 | $1,465 | $35,760 | $4,520 | $31,240 |
| 2019 | $138 | $32,880 | $4,160 | $28,720 |
| 2018 | $893 | $21,560 | $3,000 | $18,560 |
| 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 | $12 | $7,360 | $1,560 | $5,800 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/27/2025 06/27/25 | Price Changed | $117,500 | -6.0% | $201 / Sq Ft |
| 05/25/2025 05/25/25 | Price Changed | $125,000 | -3.8% | $214 / Sq Ft |
| 05/23/2025 05/23/25 | Price Changed | $130,000 | -7.1% | $223 / Sq Ft |
| 02/14/2025 02/14/25 | For Sale | $140,000 | +250.0% | $240 / Sq Ft |
| 02/05/2016 02/05/16 | Sold | $40,000 | -10.1% | $68 / Sq Ft |
| 01/25/2016 01/25/16 | Pending | -- | -- | -- |
| 12/10/2015 12/10/15 | For Sale | $44,500 | 0.0% | $76 / Sq Ft |
| 09/23/2015 09/23/15 | Pending | -- | -- | -- |
| 09/03/2015 09/03/15 | Price Changed | $44,500 | +11.5% | $76 / Sq Ft |
| 09/02/2015 09/02/15 | For Sale | $39,900 | -- | $68 / Sq Ft |
| 03/25/2015 03/25/15 | Pending | -- | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $40,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $98,950 | Stand Alone Second |
Source: First Multiple Listing Service (FMLS)
MLS Number: 7525306
APN: 14-0076-0010-138-6
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