**Back on market due to no fault of the Seller** Welcome to this exceptional 2 bedroom, 1 bath condominium in the heart of Downtown Atlanta. This property is ideal for investors looking to expand their portfolio with a high-demand rental opportunity in a prime location or a first-time homebuyer looking to purchase in the heart of the city! This condo combines modern updates with historic charm. The kitchen boasts exposed brick, granite countertops, and stainless steel appliances, making it a stylish and functional space. Just off the kitchen, enjoy a private deck-perfect for relaxing or entertaining. The property offers secured parking and key card access, ensuring privacy and security. With its proximity to Downtown amenities, major highways, and public transit, this condo provides unparalleled convenience for tenants or future buyers. Don't miss out on this incredible investment opportunity in one of Atlanta's most sought-after locations!
Closed
$143,000
571 Formwalt St SW, Atlanta, GA 30312
2beds
1baths
--sqft
Other, Residential Income
Built in 1961
-- sqft lot
$140,400 Zestimate®
$--/sqft
$1,286 Estimated rent
Home value
$140,400
$126,000 - $156,000
$1,286/mo
Zestimate® history
Owner options
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$1,286/mo
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$923/mo
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List your homeWhat's special
Private deckExposed brickStainless steel appliancesGranite countertops
Zillow last checked:
Listing updated:
Listed by:
Charlene Collier,
Keller Williams Realty West Atlanta
Bought with:
Letrice Gholson, 370611
HomeSmart
Source: FMLS GA,MLS#: 7483503
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
Heating
- Central, Forced Air, Natural Gas
Cooling
- Central Air
Features
- Flooring: Laminate
- Windows: None
Property
Parking
- Parking features: Parking Lot
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Exterior features: No Dock
- Fencing: None
- Has view: Yes
- View description: City
- Waterfront features: None
- Body of water: None
Lot
- Size: 609 Square Feet
- Dimensions: 10x10x10x10
- Features: Other
Details
- Parcel number: 14 007600101352
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Other, Residential Income
Materials
- Brick
- Roof: Composition
Condition
- Resale
- New construction: No
- Year built: 1961
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Water Available
Green energy
- Energy efficient items: None
- Energy generation: None
Community & HOA
Community
- Features: Gated
- Security: Security Gate
- Subdivision: Capitol City Square Condos
HOA
- Has HOA: No
Location
- Region: Atlanta
Financial & listing details
- Tax assessed value: $139,600
- Annual tax amount: $2,559
- Date on market: 11/7/2024
- Cumulative days on market: 49 days
- Listing terms: Cash
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 1/15/2025 | Sold | $143,000-4.7% |
Source:  FMLS GA #7483503 Report a problem | ||
| 1/6/2025 | Pending sale | $150,000 |
Source: FMLS GA #7483503 Report a problem | ||
| 12/19/2024 | Listing removed | $1,325 |
Source: Zillow Rentals Report a problem | ||
| 11/8/2024 | Listed for sale | $150,000+97.4% |
Source: FMLS GA #7483503 Report a problem | ||
| 10/12/2024 | Price change | $1,325-3.6% |
Source: Zillow Rentals Report a problem | ||
| 9/12/2024 | Price change | $1,375-6.8% |
Source: Zillow Rentals Report a problem | ||
| 8/24/2024 | Listed for rent | $1,475+20.4% |
Source: Zillow Rentals Report a problem | ||
| 7/12/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 7/8/2022 | Listed for rent | $1,225 |
Source: Zillow Rental Manager Report a problem | ||
| 6/22/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 6/9/2022 | Listed for rent | $1,225 |
Source: Zillow Rental Manager Report a problem | ||
| 12/20/2019 | Sold | $76,000+10.9% |
Source: Public Record Report a problem | ||
| 5/30/2017 | Sold | $68,500-2% |
Source: Public Record Report a problem | ||
| 5/30/2017 | Pending sale | $69,900 |
Source: Bailey & Hunter LLC #5834314 Report a problem | ||
| 5/2/2017 | Listed for sale | $69,900+179.6% |
Source: Bailey & Hunter LLC #5834314 Report a problem | ||
| 9/6/2013 | Sold | $25,000-34.2% |
Source: Public Record Report a problem | ||
| 5/31/2013 | Price change | $38,000-15.6% |
Source: Peachtree Road Realty Associates LLC #5126257 Report a problem | ||
| 3/26/2013 | Listed for sale | $45,000-53.4% |
Source: Peachtree Road Realty Associates LLC #5126257 Report a problem | ||
| 5/2/2005 | Sold | $96,500 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,284 -12.8% | $55,840 -12.7% |
| 2024 | $2,619 +28.3% | $63,960 |
| 2023 | $2,040 +27.7% | $63,960 +62% |
| 2022 | $1,598 +2.1% | $39,480 +3% |
| 2021 | $1,565 -0.2% | $38,320 +1.2% |
| 2020 | $1,568 +50.3% | $37,880 +8.9% |
| 2019 | $1,044 | $34,800 +52.4% |
| 2018 | $1,044 | $22,840 +208.6% |
| 2017 | $1,044 +149.9% | $7,400 |
| 2016 | $418 +1.5% | $7,400 |
| 2015 | $411 +22.6% | $7,400 |
| 2014 | $336 +4605.9% | $7,400 +71.3% |
| 2013 | $7 -1.5% | $4,320 |
| 2012 | $7 | $4,320 -44.3% |
| 2011 | -- | $7,760 -69.7% |
| 2010 | $57 +21.1% | $25,600 |
| 2009 | $47 | $25,600 -22.8% |
| 2008 | -- | $33,160 -1.1% |
| 2007 | $57 | $33,520 |
Find assessor info on the county website
Neighborhood: Mechanicsville
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Nearby schools
GreatSchools rating
- 4/10Dunbar Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 5/10King Middle SchoolGrades: 6-8Distance: 0.9 mi
- 6/10Maynard H. Jackson- Jr. High SchoolGrades: 9-12Distance: 1.9 mi
Schools provided by the listing agent
- Elementary: Paul L. Dunbar
- Middle: Martin L. King Jr.
- 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
$140,400
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$140,400
- Georgia
- Fulton County
- Atlanta
- 30312
- Mechanicsville
- 571 Formwalt St SW
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