NOT LISTED FOR SALE

571 Formwalt St SW Unit 7 Atlanta, GA 30312

Mechanicsville Neighborhood

Estimated Value: $112,000 - $158,000

2 Beds
1 Bath
584 Sq Ft
$179/mo HOA Fee

Last Sold February 05, 2016

Last sale price $40,000 $68 Per Sq Ft

Est. 219% increase in value since last sale

Current estimated payment $1,015/month

145 Days on Market

Highlights

  • Gated Community
  • Deck
  • Traditional Architecture
  • City View
  • Property is walking distance to MARTA
  • Wood Flooring

About This Home

As of February 2016

COZY UPDATED CONDO IN SMALL GATED COMMUNITY, GLEAMING HARDWOOD FLOORS, CERAMIC TILE, GRANITE COUNTERTOPS, STAINED CABINETS, TOTAL ELECTRIC, CONVENIENT TO INTERSTATES, TURNER FIELD & DOWNTOWN, SHORT SALE, SUBJECT TO 3RD PARTY APPROVAL, SOLD AS IS, NO SELLER'S DISCLOSURE, SHOWS WELL, MOVE-IN CONDITION. HOA LIEN MUST BE PAID BY BUYER, ESTIMATED @ $5600. CLOSING ATTORNEY MUST BE WEISSMAN, NOWACK, CURRY & WILCO, P.C.

Last Agent to Sell the Property

Jacqueline Boone

Virtual Properties Realty.com License #121505 Listed on: 02/23/2015

Virtual Properties Realty.com

Co-Listed By

JANICE BROWN

NOT A VALID MEMBER License #169598

Last Buyer's Agent

Jacqueline Boone

Virtual Properties Realty.com License #121505 Listed on: 02/23/2015

Virtual Properties Realty.com

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,927

Year Built

  • Built in 1961

Lot Details

  • 566

HOA Fees

  • $179 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Garden Home
  • Composition Roof
  • Four Sided Brick Exterior Elevation

Interior Spaces

  • 1-Story Property
  • Family Room
  • Wood Flooring
  • City Views
  • Crawl Space
  • Security Gate

Kitchen

  • Microwave
  • Dishwasher
  • Wood Stained Kitchen Cabinets

Bedrooms and Bathrooms

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

Parking

  • Detached Garage
  • Parking Lot

Schools

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

Utilities

  • Central Heating and Cooling System
  • Underground Utilities

Additional Features

  • Accessible Entrance
  • Deck
  • No Units Located Below
  • Property is walking distance to MARTA

Listing and Financial Details

  • Assessor Parcel Number 14 007600101386

Community Details

Overview

  • Community Management Association
  • Capitol City Square Subdivision

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,927

Year Built

Built in 1961

Lot Details

0

HOA Fees

$179 per month

Listing Details

  • Standard Status: Closed
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Condominium
  • Architectural Style: Garden (1 Level), Traditional
  • Property Condition: Resale
  • Year Built: 1961
  • Accessibility Features: Accessible Entrance
  • Levels Stories: One
  • Special Features: 12

Property Details

  • Property: Residential Attached

Interior Features

  • Flooring: Hardwood
  • Appliances: Dishwasher, Microwave
  • Basement: Crawl Space
  • Kitchen Features: Cabinets Stain
  • Common Walls: No One Below
  • Additional Rooms: Family Room

Beds/Baths

  • Total Bedrooms: 2
  • 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: Deck
  • View: City

Garage/Parking

  • Parking Features: Detached, Parking Lot

Utilities

  • Security: Security Gate
  • Cooling: Central Air
  • Heating: Central, Electric
  • Utilities: Underground Utilities

Condo/Co-op/Association

  • HOA Fee Includes: Insurance, Maintenance Exterior, Trash, Water
  • Community Features: Gated, Homeowners Assoc, Near Marta
  • Association Fee: 179
  • Association Fee Frequency: Monthly
  • Master Association Fee Frequency: Annually
  • Association: Yes
  • Subdivision Complex: CAPITOL CITY SQUARE

Association/Amenities

  • Management Company: COMMUNITY MANAGEMENT

Lot Info

  • Parcel Number: 14 007600101386
  • Property Attached Yn: Yes

Tax Info

  • Tax Year: 2014

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
Feb 23, 2015
Closed on
Feb 5, 2016
Sold by
Moore Nashawndre
Bought by
Gibson Jamal
Seller's Agent
Jacqueline Boone
Virtual Properties Realty.com
Buyer's Agent
Jacqueline Boone
Virtual Properties Realty.com
List Price
$44,500
Sold Price
$40,000
Premium/Discount to List
-$4,500
-10.11%
Current Estimated Value
$127,743

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$87,743
Avg. Annual Appreciation
12.57%
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
Gibson Jamal $40,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per 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 -- -- --
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 $1,927 $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
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    Jacqueline Boone

    Virtual Properties Realty.com

    (404) 312-9806

    21 Total Sales

    Jacqueline Boone
    Section Image

  • J

    Seller Co-Listing Agent in 2016

    JANICE BROWN

    NOT A VALID MEMBER

See All Agents

Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 5500816

First Multiple Listing Service (FMLS)

APN: 14-0076-0010-138-6

Georgia Fulton County Atlanta 30312 Mechanicsville

571 Formwalt St SW Unit 7, Atlanta, GA

Not Listed for Sale

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