Move-in ready with modern upgrades and timeless character, and ideal for first-time homebuyers in the heart of Atlanta, this inviting two bedroom, one bathroom condominium residence features original hardwood floors, a freshly painted interior, and thoughtful updates throughout. The bright, refreshed kitchen is equipped with a brand-new induction range, new refrigerator, ample cabinet space, and plenty of natural light, making it both functional and inviting. The renovated bathroom features a new vanity, new toilet, and a professionally resurfaced tub/shower. All appliances have been well maintained, providing peace of mind for the next owner. The condo is also equipped with an EV Charging station as well as a parking space inside the gate. Enjoy low-maintenance living in a convenient intown location just minutes from Downtown Atlanta, Georgia State University, Summerhill, Mercedes-Benz Stadium, State Farm Arena, Centennial Olympic Park, the BeltLine, shopping, restaurants, parks, MARTA, and major interstates, making commuting throughout Metro Atlanta quick and convenient. This home is an outstanding opportunity for first-time buyers, students, healthcare professionals, or anyone seeking an affordable intown lifestyle with easy access to Atlanta's business, entertainment, and cultural districts. Investors should also verify leasing opportunities with the homeowners association. Whether you're searching for your first home, a low-maintenance primary residence, or an affordable opportunity in one of Atlanta's most convenient locations, this beautifully updated condo checks all the boxes. Don't miss your chance to own a move-in-ready home close to everything Atlanta has to offer. Schedule your private showing today!
Active
Price cut: $8.5K (10/1)
$118,500
561 Formwalt St SW Unit 10, Atlanta, GA 30312
2beds
620sqft
Condominium
Built in 1962
-- sqft lot
$120,300 Zestimate®
$191/sqft
$330/mo HOA
What's special
Beautifully updated condoPlenty of natural lightNew toiletThoughtful updates throughoutNew vanityBright refreshed kitchenOriginal hardwood floors
- 53 days
- 298
- 16
Zillow last checked:
Listing updated:
Listed by:
Leslie Rose 4042747136,
BHHS Georgia Properties
Source: GAMLS,MLS#: 10819422
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Rooms
- Room types: Other
Heating
- Central
Cooling
- Ceiling Fan(s), Central Air
Appliances
- Included: Dishwasher, Disposal
- Laundry: Laundry Closet
Features
- Other
- Flooring: Hardwood
- Windows: Double Pane Windows
- Basement: None
- Has fireplace: No
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 620
- Total interior livable area: 620 sqft
- Finished area above ground: 620
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 1
- Parking features: Off Street
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck
- Exterior features: Balcony
- Fencing: Fenced
Lot
- Size: 609 Square Feet
- Features: Level
Details
- Parcel number: 14 007600101295
Construction
Type & style
- Home type: Condo
- Architectural style: Brick/Frame
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Brick
- Roof: Composition
Condition
- Resale
- New construction: No
- Year built: 1962
Utilities & green energy
- Electric: 220 Volts
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Sewer Available, Water Available, Phone Available
Community & HOA
Community
- Features: None
- Subdivision: Capitol City Square
HOA
- Has HOA: Yes
- Services included: Maintenance Structure, Maintenance Grounds, Security, Sewer, Trash, Pest Control, Water
- HOA fee: $3,960 annually
Location
- Region: Atlanta
Financial & listing details
- Price per square foot: $191/sqft
- Tax assessed value: $136,400
- Annual tax amount: $429
- Date on market: 8/10/2026
- Cumulative days on market: 53 days
- Listing agreement: Exclusive Right To Sell
- Electric utility on property: Yes
Estimated market value
$120,300
$114,000 - $126,000
$1,621/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/1/2026 | Price change | $118,500-6.7%$191/sqft |
Source: | ||
| 9/8/2026 | Price change | $127,000-5.9%$205/sqft |
Source: | ||
| 8/10/2026 | Listed for sale | $135,000+11.1%$218/sqft |
Source: | ||
| 2/19/2026 | Sold | $121,500-5.8%$196/sqft |
Source: | ||
| 2/7/2026 | Pending sale | $129,000$208/sqft |
Source: | ||
| 12/19/2025 | Price change | $129,000-6.9%$208/sqft |
Source: | ||
| 11/28/2025 | Listed for sale | $138,500$223/sqft |
Source: | ||
| 11/19/2025 | Listing removed | $138,500$223/sqft |
Source: | ||
| 10/31/2025 | Listed for sale | $138,500-6.4%$223/sqft |
Source: | ||
| 9/27/2025 | Listing removed | $1,500$2/sqft |
Source: | ||
| 2/5/2025 | Price change | $1,500-10.4%$2/sqft |
Source: | ||
| 2/4/2025 | Listed for rent | $1,675+139.3%$3/sqft |
Source: | ||
| 2/1/2025 | Listing removed | $148,000$239/sqft |
Source: | ||
| 12/2/2024 | Listed for sale | $148,000-3.3%$239/sqft |
Source: | ||
| 11/24/2024 | Listing removed | $153,000$247/sqft |
Source: | ||
| 11/19/2024 | Price change | $153,000-1.3%$247/sqft |
Source: | ||
| 10/28/2024 | Price change | $155,000-1.3%$250/sqft |
Source: | ||
| 10/19/2024 | Listed for sale | $157,000+69.7%$253/sqft |
Source: | ||
| 1/18/2019 | Sold | $92,500+65.2%$149/sqft |
Source: | ||
| 11/30/2015 | Sold | $56,000-13.8%$90/sqft |
Source: Public Record Report a problem | ||
| 9/29/2015 | Listed for sale | $65,000+251.4%$105/sqft |
Source: PROPERTY SERVICES OF ATLANTA #07530140 Report a problem | ||
| 8/13/2014 | Listing removed | $700$1/sqft |
Source: Vestlet Property Management Report a problem | ||
| 6/7/2014 | Listed for rent | $700$1/sqft |
Source: Vestlet Property Management Report a problem | ||
| 12/13/2011 | Sold | $18,500-5.1%$30/sqft |
Source: Public Record Report a problem | ||
| 8/3/2011 | Price change | $19,500-21.7%$31/sqft |
Source: RE/MAX Greater Atlanta #4250618 Report a problem | ||
| 7/19/2011 | Listed for sale | $24,900$40/sqft |
Source: RE/MAX Greater Atlanta #4250618 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $429 -18.2% | $54,560 -12.7% |
| 2024 | $524 +346.4% | $62,480 |
| 2023 | $117 -69.5% | $62,480 +62% |
| 2022 | $386 +4.9% | $38,560 +3% |
| 2021 | $368 -76% | $37,440 +1.2% |
| 2020 | $1,532 +49.3% | $37,000 +8.8% |
| 2019 | $1,026 | $34,000 +43.6% |
| 2018 | $1,026 | $23,680 +5.7% |
| 2017 | $1,026 +1.3% | $22,400 |
| 2016 | $1,013 +141% | $22,400 +131.4% |
| 2015 | $420 | $9,680 |
| 2014 | $420 +71.3% | $9,680 +74.1% |
| 2013 | $245 -0.7% | $5,560 |
| 2012 | $247 | $5,560 -45.9% |
| 2011 | -- | $10,280 -69.7% |
| 2010 | $1,498 +319.4% | $33,920 |
| 2009 | $357 | $33,920 -20.8% |
| 2008 | -- | $42,840 -0.1% |
| 2007 | $452 | $42,880 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Mechanicsville
Nearby schools
Schools provided by the listing agent
- Elementary: Dunbar
- Middle: King
- High: MH Jackson Jr
Source: GAMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.









