NOT LISTED FOR SALE

571 Formwalt St SW Atlanta, GA 30312

Mechanicsville Neighborhood

Estimated Value: $131,000 - $146,000

1 Bed
1 Bath
-- Sq Ft
610 Sq Ft Lot

Last Sold January 15, 2025

Last sale price $143,000

Est. 2% decrease in value since last sale

Current estimated payment $907/month

56 Days on Market

Highlights

  • Gated Community
  • Security Gate
  • Forced Air Heating and Cooling System
  • City View
  • 1-Story Property

About This Home

As of January 2025

**Back on market due to no fault of the Seller**
Welcome to this exceptional 2 bedroom, 1 bath condominium in the heart of Downtown Atlanta. This property is ideal for investors looking to expand their portfolio with a high-demand rental opportunity in a prime location or a first-time homebuyer looking to purchase in the heart of the city! This condo combines modern updates with historic charm. The kitchen boasts exposed brick, granite countertops, and stainless steel appliances, making it a stylish and functional space. Just off the kitchen, enjoy a private deck-perfect for relaxing or entertaining. The property offers secured parking and key card access, ensuring privacy and security. With its proximity to Downtown amenities, major highways, and public transit, this condo provides unparalleled convenience for tenants or future buyers. Don't miss out on this incredible investment opportunity in one of Atlanta's most sought-after locations!

Last Agent to Sell the Property

Charlene Collier

Keller Williams Realty West Atlanta License #437716 Listed on: 11/07/2024

Keller Williams Realty West Atlanta

Last Buyer's Agent

Letrice Gholson

Indigo Road Realty, LLC License #370611

Indigo Road Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,559

Year Built

  • Built in 1961

Lot Details

  • 610 Sq Ft Lot
  • Lot Dimensions are 10x10x10x10

Parking

  • Parking Lot

Home Design

  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Laminate Flooring
  • City Views
  • Security Gate

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Cable TV Available

Community Details

  • Capitol City Square Condos Subdivision
  • Gated Community

Listing and Financial Details

  • Assessor Parcel Number 14 007600101352

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,559

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Property Type: Residential Income
  • MLS Status: Closed
  • Property Condition: Resale
  • Year Built: 1961
  • Levels Stories: One
  • Special Features: None
  • Property Sub Type: MultiFamily

Property Details

  • Property: Residential Income

Interior Features

  • Flooring: Laminate
  • Window Features: None

Exterior Features

  • Construction Materials: Brick
  • Roof Type: Composition
  • View: City
  • Pool Private: No

Garage/Parking

  • Parking Features: Parking Lot

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Security: Security Gate
  • Cooling: Central Air
  • Heating: Central, Forced Air, Natural Gas
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Water Available

Condo/Co-op/Association

  • Community Features: Gated
  • Subdivision Complex: Capitol City Square Condos

Lot Info

  • Acres: 0.0140
  • Lot Dimensions: 10x10x10x10
  • Parcel Number: 14 007600101352
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Tax Info

  • Taxes: 2559.00
  • Tax Year: 2023

Multi Family

  • Number Of Units Total: 1

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
Nov 7, 2024
Closed on
Jan 15, 2025
Sold by
Anderson Jayla Whitfield
Bought by
Fordham Marc and Fordham Theiss Elizabeth
Seller's Agent
Charlene Collier
Keller Williams Realty West Atlanta
Buyer's Agent
Letrice Gholson
Indigo Road Realty, LLC
List Price
$150,000
Sold Price
$143,000
Premium/Discount to List
-$7,000
-4.67%
Views
53
Current Estimated Value
$140,322

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,678
Avg. Annual Appreciation
-2.20%

Purchase Details

Closed on
Oct 14, 2022
Sold by
Wallis Nicola
Bought by
Whitfield Jayla

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
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:

--
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
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
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/15/2025 01/15/25 Sold $143,000 -4.7% --
01/02/2025 01/02/25 Pending -- -- --
11/07/2024 11/07/24 For Sale $150,000 0.0% --
11/16/2013 11/16/13 Rented $700 0.0% --
10/17/2013 10/17/13 Under Contract -- -- --
08/22/2013 08/22/13 For Rent $700 -- --
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

  • Charlene Collier

    Seller's Agent in 2025

    Charlene Collier

    Keller Williams Realty West Atlanta

    (202) 744-3722

    2 in this area

    28 Total Sales

    Charlene Collier
    Section Image
  • Letrice Gholson

    Buyer's Agent in 2025

    Letrice Gholson

    Indigo Road Realty, LLC

    (404) 664-1752

    3 in this area

    11 Total Sales

    Letrice Gholson
    Section Image

  • F

    Seller's Agent in 2013

    Fernando Bartolomei

    Vestlet Property Management

    (678) 300-1781

    9 Total Sales

    Fernando Bartolomei
    Section Image
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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 7483503

First Multiple Listing Service (FMLS)

APN: 14-0076-0010-135-2

Georgia Fulton County Atlanta 30312 Mechanicsville

571 Formwalt St SW, Atlanta, GA

Not Listed for Sale

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