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    • $132,500

    561 Formwalt St SW Unit 12, Atlanta, GA 30312

    2beds
    588sqft
    Condominium, Residential
    Built in 1961
    -- sqft lot
    $130,900 Zestimate®
    $225/sqft
    $1,819 Estimated rent

    Home value

    $130,900

    $119,000 - $144,000

    $1,819/mo

    Zestimate® history
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    What's special

    PRICE IMPROVEMENT! Location, location, location! Enjoy convenient living in the heart of Atlanta, just minutes from everything, including the Beltline, Mercedes Benz Stadium, Midtown, Downtown, Buckhead and Hartsfield-Jackson Airport. This immaculately maintained 2 bedroom / 1 bathroom condo is located inside of a gated community in a highly developing area. The kitchen has an exposed brick wall, stainless steel appliances, and granite countertops. There are hardwood floors throughout and a private rear deck for entertaining. Home comes fully furnished! This is a great option for safe city living at an affordable price. FHA, VA offers welcomed. Schedule a tour today!

    Zillow last checked:

    Listing updated:

    Listed by:

    Amadi McKenzie,

    Realty Hub, LLC

    Bought with:

    Margaret McAlpine, 435175

    Keller Williams Realty Atl North

    Source: FMLS GA,MLS#: 7636042MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    • Full bathrooms: 1
    • Main level bathrooms: 1
    • Main level bedrooms: 2
    Rooms
    • Room types: Living Room
    Primary bedroom
    • Features: None
    • Level: None
    Bedroom
    • Features: None
    Primary bathroom
    • Features: None
    Dining room
    • Features: None
    Kitchen
    • Features: Cabinets Stain, Stone Counters, View to Family Room
    Heating
    • Central
    Cooling
    • Ceiling Fan(s), Central Air
    Appliances
    • Included: Dishwasher, Gas Oven, Gas Range, Refrigerator
    • Laundry: Laundry Closet, Main Level
    Features
    • High Speed Internet
    • Flooring: Luxury Vinyl
    • Basement: None
    • Has fireplace: No
    • Fireplace features: None
    Interior area
    • Total structure area: 588
    • Total interior livable area: 588 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: Assigned, Parking Lot
    Accessibility
    • Accessibility features: None
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Rear Porch
    • Exterior features: Balcony, Lighting
    • Pool features: None
    • Spa features: None
    • Fencing: Wrought Iron
    • Has view: Yes
    • View description: City
    • Waterfront features: None
    • Body of water: None
    Lot
    • Size: 588 Square Feet
    • Features: Other
    Details
    • Additional structures: None
    • Parcel number: 14 007600101311
    • Other equipment: None
    • Horse amenities: None

    Construction

    Type & style
    • Home type: Condo
    • Property subtype: Condominium, Residential
    • Attached to another structure: Yes
    Materials
    • Other
    • Foundation: Slab
    • Roof: Composition
    Condition
    • Resale
    • New construction: No
    • Year built: 1961

    Utilities & green energy

    • Electric: 110 Volts
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
    Green energy
    • Energy efficient items: None
    • Energy generation: None

    Community & HOA

    Community
    • Features: Gated, Homeowners Assoc, Near Public Transport, Near Schools, Near Shopping, Street Lights
    • Security: Security Gate, Security Lights, Smoke Detector(s)
    • Subdivision: Capitol City Square Condos
    HOA
    • Has HOA: Yes
    • HOA fee: $330 monthly
    Location
    • Region: Atlanta

    Financial & listing details

    • Price per square foot: $225/sqft
    • Tax assessed value: $124,000
    • Annual tax amount: $2,324
    • Date on market: 8/15/2025
    • Cumulative days on market: 202 days
    • Ownership: Condominium
    • Electric utility on property: Yes
    • Road surface type: Paved

    Price history

    DateEventPrice
    10/17/2025Sold$132,500-8.6%$225/sqft
    Source: FMLS GA #7636042 Report a problem
    10/9/2025Pending sale$144,999$247/sqft
    Source: FMLS GA #7636042 Report a problem
    9/4/2025Price change$144,999-2.7%$247/sqft
    Source: FMLS GA #7636042 Report a problem
    8/20/2025Listed for sale$149,000$253/sqft
    Source: FMLS GA #7636042 Report a problem
    7/22/2025Listing removed$149,000$253/sqft
    Source: FMLS GA #7529482 Report a problem
    2/24/2025Listed for sale$149,000+10.4%$253/sqft
    Source: FMLS GA #7529482 Report a problem
    2/24/2025Listing removed$2,000$3/sqft
    Source: FMLS GA #7495831 Report a problem
    12/9/2024Listed for rent$2,000+81.8%$3/sqft
    Source: FMLS GA #7495831 Report a problem
    10/17/2022Sold$135,000-3.6%$230/sqft
    Source: FMLS GA #7106952 Report a problem
    9/26/2022Pending sale$140,000$238/sqft
    Source: FMLS GA #7106952 Report a problem
    9/14/2022Price change$140,000-6.7%$238/sqft
    Source: FMLS GA #7106952 Report a problem
    8/30/2022Listed for sale$150,000+82.9%$255/sqft
    Source: FMLS GA #7106952 Report a problem
    5/29/2019Listing removed$1,100$2/sqft
    Source: Keller Williams Realty First Atlanta #6540306 Report a problem
    4/23/2019Listed for rent$1,100$2/sqft
    Source: Keller Williams Realty First Atlanta #6540306 Report a problem
    4/13/2016Sold$82,000-3.5%$139/sqft
    Source: GAMLS #7592563 Report a problem
    3/28/2016Pending sale$85,000$145/sqft
    Source: VILLAGE REALTY #07592563 Report a problem
    2/21/2016Listed for sale$85,000+6.3%$145/sqft
    Source: VILLAGE REALTY #07592563 Report a problem
    12/17/2015Listing removed$80,000$136/sqft
    Source: BHHS Georgia Properties-Buckhead #7489345 Report a problem
    12/8/2015Price change$80,000-5.9%$136/sqft
    Source: BHHS Georgia Properties-Buckhead #5568988 Report a problem
    7/15/2015Listed for sale$85,000+349.7%$145/sqft
    Source: Berkshire Hathaway HomeServices Georgia Properties #5568988 Report a problem
    4/26/2012Sold$18,900-37%$32/sqft
    Source: Public Record Report a problem
    3/27/2012Listed for sale$30,000$51/sqft
    Source: Coldwell Banker Residential Brokerage - Sandy Springs #3206753 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,029 -12.7%$49,600 -12.6%
    2024$2,324 +34.9%$56,760 +5.1%
    2023$1,723 +13.6%$54,000 +44.1%
    2022$1,517 +2.5%$37,480 +3.1%
    2021$1,479 -0.6%$36,360 +1.1%
    2020$1,489 +49.2%$35,960 +8.8%
    2019$998 $33,040 +43.7%
    2018$998 $23,000 +145.7%
    2017$998 +121.9%$9,360
    2016$450 +1.3%$9,360
    2015$444 $9,360
    2014$444 $9,360 +74.6%
    2013-- $5,360
    2012$238 +7734.2%$5,360 -33%
    2011$3 -99.7%$8,000 -71.9%
    2010$1,069 $28,480 -13.6%
    2009-- $32,960 -20.8%
    2008-- $41,600
    2007-- $41,600
    Find assessor info on the county website

    Neighborhood: Mechanicsville

    Nearby homes

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Paul L. Dunbar
    • Middle: Parks
    • High: Maynard Jackson

    Source: FMLS GA. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $130,900
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $130,900

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