NOT LISTED FOR SALE

571 Formwalt St SW Unit 8 Atlanta, GA 30312

Mechanicsville Neighborhood

Estimated Value: $122,031 - $324,000

2 Beds
1 Bath
584 Sq Ft
$200/mo HOA Fee

Last Sold July 02, 2018

Last sale price $91,840 $157 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $1,263/month

45 Days on Market

Highlights

  • Open-Concept Dining Room
  • Gated Community
  • Property is near public transit
  • No Units Above
  • Contemporary Architecture
  • Wood Flooring

About This Home

As of July 2018

Cool Art Deco style condo in Mechanicsville. Has exposed brick, hardwood flooring and stainless kitchen appliances. Get in on this Atlanta Beltline Community! Great for the savy investor. Property has been rented by tenant for $895/mo for 5 years. Tenant pays on time or early and would like to stay. Photos are of an extremely similar unit in same complex.

Last Agent to Sell the Property

Patrick Peyer

Keller Williams Realty Metro Atlanta License #266568 Listed on: 04/17/2018

Keller Williams Realty Metro Atlanta

Last Buyer's Agent

Kathleen Levy

Keller Williams Realty Metro Atlanta License #169002

Keller Williams Realty Metro Atlanta

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $360

Year Built

  • Built in 1991

Lot Details

  • No Units Above

HOA Fees

  • $200 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 584 Sq Ft Home
  • 2-Story Property
  • Roommate Plan
  • Open-Concept Dining Room
  • Wood Flooring
  • Security Gate

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Stone Countertops
  • 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 Air
  • Heating Available
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 14 007600101394

Community Details

Overview

  • Community Management Assoc Association, Phone Number (800) 522-6314
  • Capital City Square Condos Subdivision

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$360

Year Built

Built in 1991

Lot Details

0

HOA Fees

$200 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: 1991
  • Levels Stories: Two
  • 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, Stone Counters
  • Common Walls: No One Above
  • Additional Rooms: Other
  • Dining Room Features: Open Concept
  • Square Footage: 584.00

Beds/Baths

  • Total Bedrooms: 2
  • Bedroom Features: Roommate Floor Plan
  • Main Bedrooms: 2
  • Total Full Baths: 1
  • Main Full Bathrooms: 1

Exterior Features

  • Construction Materials: Brick 4 Sides
  • Roof Type: Composition, Shingle

Garage/Parking

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

Utilities

  • Security: Security Gate
  • Cooling: Central Air
  • Heating: Electric
  • Utilities: Cable Available

Condo/Co-op/Association

  • HOA Fee Includes: Maintenance Exterior, Maintenance Grounds, Reserve Fund
  • Community Features: Gated, Near Beltline, Public Transportation
  • Association Fee: 200
  • Association Fee Frequency: Monthly
  • Master Association Fee Frequency: Annually
  • Association: Yes
  • Hoa Contact Phone: 404-835-9219
  • Management Phone: 800-522-6314
  • Subdivision Complex: Capital City Square Condos

Association/Amenities

  • Management Company: Community Management Assoc

Lot Info

  • Parcel Number: 14 007600101394
  • Property Attached Yn: Yes

Tax Info

  • Taxes: 360.00
  • Tax Year: 2016

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

Listed on
Apr 17, 2018
Closed on
Jul 2, 2018
Sold by
Liquid Capital Rei Ii Llc
Bought by
Mansjur Herna
Seller's Agent
Patrick Peyer
Keller Williams Realty Metro Atlanta
Buyer's Agent
Kathleen Levy
Keller Williams Realty Metro Atlanta
List Price
$94,000
Sold Price
$91,840
Premium/Discount to List
-$2,160
-2.3%
Current Estimated Value
$183,258

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,418
Avg. Annual Appreciation
9.80%
Original Mortgage
$64,288
Outstanding Balance
$55,715
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$127,543

Purchase Details

Closed on
Mar 24, 2014
Sold by
Us Bank National Associati
Bought by
Liquid Capital Rei Ii Llc

Purchase Details

Closed on
May 4, 2010
Sold by
Fuller Maxine
Bought by
Bear Stearns I Llc 2005 & He11

Purchase Details

Closed on
Apr 20, 2005
Sold by
Formwalt Court Llc
Bought by
Fuller Maxine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,010
Interest Rate
5.79%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mansjur Herna $91,840 --
Liquid Capital Rei Ii Llc $22,000 --
Bear Stearns I Llc 2005 & He11 $87,742 --
Fuller Maxine M $98,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mansjur Herna $64,288
Previous Owner Fuller Maxine M $89,010
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/02/2018 07/02/18 Sold $91,840 -2.3% $157 / Sq Ft
06/01/2018 06/01/18 Pending -- -- --
05/11/2018 05/11/18 For Sale $94,000 0.0% $161 / Sq Ft
05/01/2018 05/01/18 Pending -- -- --
04/17/2018 04/17/18 For Sale $94,000 -- $161 / 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 $1,141 $52,760 $6,680 $46,080
2023 $1,480 $35,760 $4,520 $31,240
2022 $1,447 $35,760 $4,520 $31,240
2021 $1,449 $35,760 $4,520 $31,240
2020 $1,465 $35,760 $4,520 $31,240
2019 $138 $36,720 $4,040 $32,680
2018 $1,020 $24,640 $3,000 $21,640
2017 $359 $8,320 $1,560 $6,760
2016 $360 $8,320 $1,560 $6,760
2015 $361 $8,320 $1,560 $6,760
2014 -- $8,320 $1,560 $6,760
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

    127 Total Sales

    Patrick Peyer
    Section Image

  • K

    Buyer's Agent in 2018

    Kathleen Levy

    Keller Williams Realty Metro Atlanta

    (404) 564-5560

    43 Total Sales

    Kathleen Levy
    Section Image
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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 5997348

First Multiple Listing Service (FMLS)

APN: 14-0076-0010-139-4

Georgia Fulton County Atlanta 30312 Mechanicsville

571 Formwalt St SW Unit 8, Atlanta, GA

Not Listed for Sale

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