NOT LISTED FOR SALE

581 Formwalt St SW Atlanta, GA 30312

Mechanicsville Neighborhood

Estimated Value: $568,037 - $665,000

4 Beds
2.5 Baths
2,732 Sq Ft
$226/Sq Ft Est. Value

Last Sold March 26, 2021

Last sale price $482,500 $177 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $3,745/month

5 Days on Market

Highlights

  • City View
  • 3 Fireplaces
  • Ceiling height of 10 feet on the main level
  • Traditional Architecture
  • Private Yard
  • Eat-In Kitchen

About This Home

As of March 2021

Hard to find completely updated craftsmen on a great location! Huge front porch looking over the fenced front yard. Beautiful central hall with columns. Oversized rooms with high ceilings. Master bath w/ separate tub & fireplace! A lot of upgrades, new windows, new roof, tankless water heater, smart home features, etc. Secured parking in the huge and fully fenced backyard. Great location close to everything: Beltline, Downtown, Midtown, Airport. easy access to highways. Amazing home all around!!!

Last Agent to Sell the Property

Milosh Stankovic

NOT A VALID MEMBER License #341977 Listed on: 02/25/2021

Last Buyer's Agent

Sarah Castleberry

NOT A VALID MEMBER License #391452

NOT A VALID MEMBER

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,020

Year Built

  • Built in 1920

Lot Details

  • 8,015 Sq Ft Lot
  • Private Yard
  • Back Yard

Home Design

  • Traditional Architecture
  • Cottage
  • Block Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,732 Sq Ft Home
  • 1-Story Property
  • Ceiling height of 10 feet on the main level
  • 3 Fireplaces
  • Entrance Foyer
  • Living Room
  • City Views

Kitchen

  • Eat-In Kitchen
  • Tile Countertops
  • Wood Stained Kitchen Cabinets

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • Mechanicsville Subdivision

Listing and Financial Details

  • Assessor Parcel Number 14 007600100271

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,020

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Cottage, Traditional
  • Property Condition: Resale
  • Year Built: 1920
  • Levels Stories: One
  • Special Features: None

Property Details

  • Property: Residential Detached

Interior Features

  • Number Of Fireplaces: 3
  • Interior Amenities: High Ceilings 10 ft Main, Entrance Foyer
  • Kitchen Features: Cabinets Stain, Tile Counters, Eat-in Kitchen
  • Common Walls: No Common Walls
  • Additional Rooms: Living Room
  • Square Footage: 2732.00
  • Spa Features: None
  • Window Features: None

Beds/Baths

  • Total Bedrooms: 4
  • Bedroom Features: Master on Main
  • Main Bedrooms: 4
  • Total Bathrooms: 3
  • Total Full Baths: 2
  • Total Half Baths: 1
  • Main Full Bathrooms: 2
  • Main Half Bathrooms: 1

Exterior Features

  • Construction Materials: Frame
  • Roof Type: Shingle
  • Exterior Features: Private Yard
  • View: City
  • Foundation: Block

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Heating: Forced Air
  • Electric: None

Condo/Co-op/Association

  • Subdivision Complex: Mechanicsville

Lot Info

  • Acres: 0.1840
  • Lot Features: Back Yard, Private
  • Parcel Number: 14 007600100271
  • Horse Amenities: None
  • Land Lease: No
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Tax Info

  • Taxes: 2020.00
  • Tax Year: 2020

MLS Schools

  • Elementary School: Fulton - Other
  • High School: Fulton - Other
  • Middle School: Fulton - Other

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 25, 2021
Closed on
Mar 6, 2021
Sold by
Sutic Miljan
Bought by
Peters Zane
Seller's Agent
Milosh Stankovic
NOT A VALID MEMBER
Buyer's Agent
Sarah Castleberry
NOT A VALID MEMBER
List Price
$449,000
Sold Price
$482,500
Premium/Discount to List
$33,500
7.46%
Current Estimated Value
$616,759

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$134,259
Avg. Annual Appreciation
5.40%

Purchase Details

Closed on
Jul 10, 2017
Sold by
Amaryllia Liu
Bought by
Sutic Miljan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 9, 2010
Sold by
Cummings Zachary
Bought by
Liu Amaryllia

Purchase Details

Closed on
Mar 27, 2007
Sold by
Jpmorgan Chase Bank
Bought by
Cummings Zachary and Liu Amaryllia

Purchase Details

Closed on
Nov 7, 2006
Sold by
Anderson Ernest
Bought by
Jpmorgan Chase Bank

Purchase Details

Closed on
Jun 14, 2005
Sold by
Weems Reith
Bought by
Anderson Ernest

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
6.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 18, 2005
Sold by
Wachovia Bank Na
Bought by
Weems Reith G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
6.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 16, 2000
Sold by
Rosenberger Jim
Bought by
581 Formwakt St Land Tu

Purchase Details

Closed on
Nov 15, 2000
Sold by
Jacobs Donald
Bought by
Rosenberger Jim

Purchase Details

Closed on
Nov 14, 2000
Sold by
Dudley Gertrude
Bought by
Jacobs Donald

Purchase Details

Closed on
Oct 31, 2000
Sold by
Dudley Clifford D
Bought by
Phillips Clara E
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
Peters Zane $482,500 --
Sutic Miljan $270,000 --
Liu Amaryllia -- --
Cummings Zachary $200,000 --
Jpmorgan Chase Bank $267,300 --
Anderson Ernest $320,000 --
Weems Reith G -- --
581 Formwakt St Land Tu -- --
Rosenberger Jim $80,000 --
Jacobs Donald $13,800 --
Jacobs Donald $13,800 --
Jacobs Donald $13,800 --
Phillips Clara E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sutic Miljan $216,000
Previous Owner Anderson Ernest $320,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/26/2021 03/26/21 Sold $482,500 +7.5% $177 / Sq Ft
03/02/2021 03/02/21 Pending -- -- --
02/25/2021 02/25/21 For Sale $449,000 -- $164 / 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 $5,854 $251,080 $48,680 $202,400
2023 $9,765 $235,880 $48,680 $187,200
2022 $7,811 $193,000 $19,920 $173,080
2021 $2,726 $142,440 $20,400 $122,040
2020 $2,020 $111,200 $16,840 $94,360
2019 $485 $80,840 $11,680 $69,160
2018 $3,211 $77,560 $12,240 $65,320
2017 $1,396 $32,320 $5,400 $26,920
2016 $1,399 $32,320 $5,400 $26,920
2015 $1,403 $32,320 $5,400 $26,920
2014 $1,465 $32,320 $5,400 $26,920
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Milosh Stankovic

    NOT A VALID MEMBER

    Section Image

  • S

    Buyer's Agent in 2021

    Sarah Castleberry

    NOT A VALID MEMBER

    Section Image
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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 6845813

First Multiple Listing Service (FMLS)

APN: 14-0076-0010-027-1

Georgia Fulton County Atlanta 30312 Mechanicsville

581 Formwalt St SW, Atlanta, GA

Not Listed for Sale

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