NOT LISTED FOR SALE

703 Formwalt St SW Atlanta, GA 30315

Mechanicsville Neighborhood

Estimated Value: $202,000 - $250,000

3 Beds
2 Baths
916 Sq Ft
$253/Sq Ft Est. Value

Last Sold September 08, 2016

Last sale price $42,500 $46 Per Sq Ft

Est. 445% increase in value since last sale

Current estimated payment $1,419/month

Highlights

  • Open-Concept Dining Room
  • Ranch Style House
  • Central Air
  • Home Energy Rating Service (HERS) Rated Property
  • Eat-In Kitchen
  • Family Room

About This Home

As of September 2016

INVESTOR SPECIAL, RENTAL PROPERTY, BRING ALL OFFERS, CURRENTLY OCCUPIED, SOLD AS IS, BUY INDIVIDUALLY OR BULK SALE AVAILABLE WITH 100'S OF PROPERTIES IN THE ATLANTA AREA

Last Agent to Sell the Property

Jason Wood

Blue Peach Brokerage, LLC. License #314385 Listed on: 08/02/2016

Last Buyer's Agent

Anil Vaswani

NOT A VALID MEMBER License #352054

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $505

Year Built

  • Built in 1940

Lot Details

  • 5,441

Parking

  • Driveway Level

Home Design

  • Ranch Style House
  • Composition Roof

Interior Spaces

  • 916 Sq Ft Home
  • Family Room
  • Open-Concept Dining Room
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Schools

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

Additional Features

  • Home Energy Rating Service (HERS) Rated Property
  • 5,441 Sq Ft Lot
  • Central Air

Listing and Financial Details

  • Assessor Parcel Number 14 007500011107

Home Details

Home Type

Single Family

Est. Annual Taxes

$505

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Property Condition: Resale
  • Year Built: 1940
  • Levels Stories: One
  • Special Features: None
  • Stories: 1

Property Details

  • Property: Residential Detached

Interior Features

  • Kitchen Features: Eat-in Kitchen
  • Common Walls: No Common Walls
  • Additional Rooms: Family Room
  • Dining Room Features: Open Concept
  • Square Footage: 916.00

Beds/Baths

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

Exterior Features

  • Roof Type: Composition

Garage/Parking

  • Parking Features: Driveway, Level Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air

Schools

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

Lot Info

  • Acres: 0.1249
  • Parcel Number: 14 007500011107
  • Property Attached Yn: No

Green Features

  • Green Building Certifications: HERS Index Score

Tax Info

  • Taxes: 505.00
  • Assessor Parcel Number: 14-0075-0001-110-7
  • Close Date: 2016-09-08
  • Tax Year: 2015

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

Closed on
Jan 23, 2025
Sold by
Roots Real Estate Investment Community 1
Bought by
Roots Vestige 2 Llc and Roots Vestige Ii Llc
Current Estimated Value
$231,686

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$996,450
Outstanding Balance
$989,584
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
-$757,898

Purchase Details

Closed on
Sep 20, 2023
Sold by
Seed Investco Llc
Bought by
Roots Real Estate Investment Community 1 and Roots Real Estate Investment Community I

Purchase Details

Closed on
Sep 13, 2023
Sold by
House Edge Llc
Bought by
Seed Investco Llc

Purchase Details

Listed on
Aug 2, 2016
Closed on
Sep 8, 2016
Sold by
Caf B L 2015 Llc
Bought by
House Edge Llc
Seller's Agent
Jason Wood
Blue Peach Brokerage, LLC.
Buyer's Agent
Anil Vaswani
NOT A VALID MEMBER
List Price
$53,250
Sold Price
$42,500
Premium/Discount to List
-$10,750
-20.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.46%

Purchase Details

Closed on
Sep 30, 2015
Sold by
Prager Bridge Property I Llc
Bought by
Caf B L 2015 Llc

Purchase Details

Closed on
Sep 19, 2014
Sold by
Peachtree Street Real Estate I
Bought by
Prager Bridge Property I Llc

Purchase Details

Closed on
Dec 31, 2013
Sold by
Great Investors Grp Llc
Bought by
Peachtree Street Real Estate I

Purchase Details

Closed on
Apr 2, 2012
Sold by
Atlanta Sfr Holdings Llc
Bought by
Great Investors Grp Llc

Purchase Details

Closed on
Jul 7, 2010
Sold by
Cmb Homes Llc
Bought by
Atlanta Sfr Holdings Llc

Purchase Details

Closed on
Jan 27, 2009
Sold by
Hsbc Bank Usa Na
Bought by
Cmb Homes Llc

Purchase Details

Closed on
Nov 6, 2007
Sold by
Warren Stephen and Warren Kathi
Bought by
Hsbc Bank Usa Na

Purchase Details

Closed on
Dec 2, 2005
Sold by
Atlanta Investing Inc
Bought by
Warren Stephen and Warren Kathi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,100
Interest Rate
6.1%

Purchase Details

Closed on
Sep 28, 2005
Sold by
Jpmorgan Chase Bank
Bought by
Atlanta Investing Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,000
Interest Rate
5.66%

Purchase Details

Closed on
Jul 5, 2005
Sold by
Alexander Henry R and Alexander Maver
Bought by
Jpmorgan Chase Bank
Source: Public Records

Range of Values:

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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
Roots Vestige 2 Llc -- --
Roots Real Estate Investment Community 1 -- --
Seed Investco Llc -- --
House Edge Llc $42,500 --
Caf B L 2015 Llc -- --
Prager Bridge Property I Llc $60,518 --
Peachtree Street Real Estate I $57,955 --
Great Investors Grp Llc $8,400 --
Atlanta Sfr Holdings Llc -- --
Cmb Homes Llc $14,000 --
Hsbc Bank Usa Na $83,000 --
Warren Stephen $99,000 --
Atlanta Investing Inc $85,000 --
Jpmorgan Chase Bank $80,750 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Roots Vestige 2 Llc $996,450
Previous Owner Warren Stephen $149,100
Previous Owner Atlanta Investing Inc $68,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/08/2016 09/08/16 Sold $42,500 -20.2% $46 / Sq Ft
08/09/2016 08/09/16 Pending -- -- --
08/02/2016 08/02/16 For Sale $53,250 -- $58 / 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 $2,278 $66,000 $23,080 $42,920
2023 $2,278 $65,880 $27,720 $38,160
2022 $1,151 $65,880 $27,720 $38,160
2021 $1,152 $28,440 $10,720 $17,720
2020 $1,165 $28,440 $10,720 $17,720
2019 $505 $28,440 $10,720 $17,720
2018 $1,158 $27,960 $11,240 $16,720
2017 $520 $12,040 $4,960 $7,080
2016 $521 $12,040 $4,960 $7,080
2015 $1,054 $12,040 $4,960 $7,080
2014 $620 $13,680 $4,960 $8,720
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    Jason Wood

    Blue Peach Brokerage, LLC.

    Section Image

  • A

    Buyer's Agent in 2016

    Anil Vaswani

    NOT A VALID MEMBER

See All Agents

Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 5728986

First Multiple Listing Service (FMLS)

APN: 14-0075-0001-110-7

Georgia Fulton County Atlanta 30315 Mechanicsville

703 Formwalt St SW, Atlanta, GA

This home is located at 703 Formwalt St SW, Atlanta, GA 30315 since 02 August 2016 and is currently estimated at $231,686, approximately $252 per square foot. This property was built in 1940. 703 Formwalt St SW is a home located in Fulton County with nearby schools including Dunbar Elementary School, King Middle School, and Maynard Holbrook Jackson High School.

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