Seller's Agent in 2023
Naruna Rangel
Keller Williams Realty
(678) 409-6465
2 in this area
64 Total Sales
747 Formwalt St SW Atlanta, GA 30315
Mechanicsville NeighborhoodEstimated Value: $387,000 - $433,000
4
Beds
3
Baths
1,975
Sq Ft
$208/Sq Ft
Est. Value
Highlights
- New Construction
- Craftsman Architecture
- Private Lot
- City View
- Deck
- Wood Flooring
About This Home
As of December 2023Step into the embodiment of contemporary living and watch your dream Atlanta lifestyle come to life. This brand-new craftsman-style residence features four generously sized bedrooms and three full baths, offering ample space for your family and guests to relish in comfort. Upon crossing the threshold, be prepared to be charmed by the timeless sophistication of hardwood flooring that gracefully extends throughout the entire home. The open-concept layout creates an inviting ambiance, perfect for hosting gatherings with friends and loved ones. The chef's kitchen is a work of art, seamlessly connected to the dining and living areas, making it an ideal space for both culinary artistry and socializing. For added convenience, there's a bedroom and a full bathroom on the main floor. Nestled just a stone's throw away from the lively Summerville area, you'll find yourself spoiled for choice with nearby dining and entertainment options, including Talak Market, Little Bear, Half Crook Brewery, Big Softie, Wood's Chapel BBQ, Little Tart, and a host of mouthwatering eateries. Moreover, this prime location offers easy access to Mercedes Benz Stadium, Grant Park, Downtown Atlanta, the airport, and major highways such as I-75 and I-85, ensuring you won't miss out on any of Atlanta's attractions. This property is a true gem, striking the perfect balance between modern amenities and the convenience of city living. It's a sanctuary for those in search of the ultimate Atlanta lifestyle. Don't let this opportunity slip away; schedule a viewing today and unlock the enchanting magic that this exquisite craftsman-style home has to offer!
Last Agent to Sell the Property
Keller Williams Realty License #401920 Listed on: 10/26/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,151
Year Built
- Built in 2023 | New Construction
Lot Details
- 5,663 Sq Ft Lot
- Wood Fence
- Private Lot
- Level Lot
Home Design
- Craftsman Architecture
- Block Foundation
- Composition Roof
- Concrete Siding
Interior Spaces
- 1,975 Sq Ft Home
- 2-Story Property
- High Ceiling
- Double Pane Windows
- Combination Dining and Living Room
- Wood Flooring
- City Views
Kitchen
- Breakfast Bar
- Microwave
- Dishwasher
- Solid Surface Countertops
Bedrooms and Bathrooms
Outdoor Features
- Deck
Schools
- Dunbar Elementary School
- King Middle School
- Mh Jackson Jr High School
Utilities
- Zoned Heating and Cooling
- Heat Pump System
Community Details
- No Home Owners Association
- Mechanicsville / Summerhill Subdivision
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 26, 2023
Closed on
Dec 22, 2023
Sold by
Malhotra Gaurav
Bought by
Aderibigbe Bimbola K
Seller's Agent
Naruna Rangel
Keller Williams Realty
Buyer's Agent
Cynthia Walker
Engel & Völkers Atlanta
List Price
$465,000
Sold Price
$453,000
Premium/Discount to List
-$12,000
-2.58%
Views
46
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$41,877
Avg. Annual Appreciation
-5.19%
Original Mortgage
$444,795
Outstanding Balance
$437,110
Interest Rate
7.29%
Mortgage Type
FHA
Estimated Equity
-$25,987
Purchase Details
Listed on
Jul 26, 2021
Closed on
Aug 26, 2021
Sold by
Metro M3 Inc
Bought by
Malhotra Gaurav
Seller's Agent
Andy Griffith
Engel & Völkers Atlanta
Buyer's Agent
Tanya Demjanec
Atlanta Intown Real Estate Services
List Price
$95,000
Sold Price
$65,000
Premium/Discount to List
-$30,000
-31.58%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
130.91%
Purchase Details
Closed on
Aug 6, 2019
Sold by
Keyturn Investments Llc
Bought by
Metro M3 Inc
Purchase Details
Closed on
Mar 10, 2012
Sold by
Mma Ventures Llc
Bought by
Keyturn Investments Llc
Purchase Details
Closed on
May 12, 2006
Sold by
Lions Den Realty & Investments
Bought by
Mma Ventures Llc
Purchase Details
Closed on
Apr 20, 2006
Sold by
Lockhart Booker T
Bought by
Lions Den Realty & Investments
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Aderibigbe Bimbola K | $453,000 | -- | |
| Malhotra Gaurav | $65,000 | -- | |
| Metro M3 Inc | $40,000 | -- | |
| Keyturn Investments Llc | $5,000 | -- | |
| Mma Ventures Llc | $72,000 | -- | |
| Lions Den Realty & Investments | $30,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Aderibigbe Bimbola K | $444,795 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/22/2023 12/22/23 | Sold | $453,000 | -2.6% | $229 / Sq Ft | |
| 11/11/2023 11/11/23 | Pending | -- | -- | -- | |
| 10/26/2023 10/26/23 | For Sale | $465,000 | +615.4% | $235 / Sq Ft | |
| 08/26/2021 08/26/21 | Sold | $65,000 | -31.6% | $52 / Sq Ft | View Prior Sale |
| 08/12/2021 08/12/21 | Pending | -- | -- | -- | |
| 07/26/2021 07/26/21 | For Sale | $95,000 | -- | $76 / Sq Ft |
Source: Georgia MLS
Tax History Compared to Growth
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 | $4,965 | $157,240 | $23,120 | $134,120 |
| 2023 | $4,965 | $11,360 | $11,360 | $0 |
| 2022 | $1,125 | $27,800 | $27,800 | $0 |
| 2021 | $760 | $18,760 | $18,760 | $0 |
| 2020 | $634 | $15,480 | $15,480 | $0 |
| 2019 | $420 | $10,760 | $10,760 | $0 |
| 2018 | $465 | $11,240 | $11,240 | $0 |
| 2017 | $214 | $4,960 | $4,960 | $0 |
| 2016 | $215 | $4,960 | $4,960 | $0 |
| 2015 | $680 | $4,960 | $4,960 | $0 |
| 2014 | $486 | $10,720 | $4,960 | $5,760 |
Source: Public Records
Agents Affiliated with this Home
-
Naruna Rangel
-
Cynthia Walker
Buyer's Agent in 2023
Cynthia Walker
Engel & Völkers Atlanta
(443) 292-6767
1 in this area
52 Total Sales
-
Andy Griffith
Seller's Agent in 2021
Andy Griffith
Engel & Völkers Atlanta
(678) 878-7590
1 in this area
147 Total Sales
-
ANDREW REDING
A
Seller Co-Listing Agent in 2021
ANDREW REDING
Engel & Völkers Atlanta
(404) 845-7724
1 in this area
27 Total Sales
-
Tanya Demjanec
Buyer's Agent in 2021
Tanya Demjanec
Atlanta Intown Real Estate Services
(404) 372-6633
2 in this area
59 Total Sales
Map
Source: Georgia MLS
MLS Number: 10218358
APN: 14-0075-0004-080-9
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than Redfin are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2025 Georgia MLS. All rights reserved.
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