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  • $138,500

    571 Formwalt St SW Unit 3, Atlanta, GA 30312

    2beds
    620sqft
    Condominium
    Built in 1961
    -- sqft lot
    $114,800 Zestimate®
    $223/sqft
    $1,858 Estimated rent

    Home value

    $114,800

    $104,000 - $125,000

    $1,858/mo

    Zestimate® history
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    What's special

    Welcome to Atlanta! Don't miss your chance to own this unit in the gated Capitol City Square Condos! This move-in-ready home is the perfect start for your adventure in the big city or as an investment with the opportunity for positive cashflow. You will love the exposed brick kitchen! The corner unit features its own back deck that is perfect for unwinding after a long day of work! The location is unbeatable! Just minutes from all that downtown Atlanta has to offer - the nightlife, the CNN Center, Mercedes Benz Stadium, Grady, and so much more! What and exceptional opportunity to live near all that downtown has to offer or a an investment property with an attractive price.

    Zillow last checked:

    Listing updated:

    Listed by:

    Kelly Allen 404-606-2219,

    Keller Williams Realty Atlanta North,

    David House 470-309-7947,

    Keller Williams Realty Atlanta North

    Bought with:

    Letrice Gholson, 370611

    Harry Norman Realtors

    Source: GAMLS,MLS#: 10263501MLS Logo

    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
    • Other
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Microwave, Refrigerator
    • Laundry: None
    Features
    • Other
    • Flooring: Other
    • Basement: None
    • Has fireplace: No
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 620
    • Total interior livable area: 620 sqft
    • Finished area above ground: 620
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Parking Pad
    • Has uncovered spaces: Yes
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Deck
    • Body of water: None
    Lot
    • Size: 609 Square Feet
    • Features: Other
    Details
    • Parcel number: 14 007600101345

    Construction

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

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: None

    Community & HOA

    Community
    • Features: None
    • Subdivision: Capitol City Square Condos
    HOA
    • Has HOA: Yes
    • Services included: None
    • HOA fee: $330 annually
    Location
    • Region: Atlanta

    Financial & listing details

    • Price per square foot: $223/sqft
    • Tax assessed value: $136,400
    • Annual tax amount: $2,559
    • Date on market: 3/7/2024
    • Cumulative days on market: 85 days
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    9/4/2024Sold$138,500-7%$223/sqft
    Source: GAMLS #10263501 Report a problem
    8/26/2024Pending sale$149,000$240/sqft
    Source: GAMLS #10263501 Report a problem
    6/24/2024Listed for sale$149,000$240/sqft
    Source: FMLS GA #7349436 Report a problem
    4/17/2024Pending sale$149,000$240/sqft
    Source: GAMLS #10263501 Report a problem
    3/19/2024Listed for sale$149,000$240/sqft
    Source: GAMLS #10263501 Report a problem
    3/14/2024Pending sale$149,000$240/sqft
    Source: FMLS GA #7349436 Report a problem
    3/7/2024Listed for sale$149,000+171.4%$240/sqft
    Source: GAMLS #10263501 Report a problem
    3/2/2023Listing removed--
    Source: Zillow Rentals Report a problem
    2/18/2023Listed for rent$1,049-43.3%$2/sqft
    Source: Zillow Rentals Report a problem
    5/3/2022Listing removed--
    Source: Zillow Rental Manager Report a problem
    5/1/2022Listed for rent$1,849+85.1%$3/sqft
    Source: Zillow Rental Manager Report a problem
    2/18/2022Listing removed--
    Source: Zillow Rental Network Premium Report a problem
    2/5/2022Listed for rent$999-4.9%$2/sqft
    Source: Zillow Rental Network Premium Report a problem
    6/12/2020Listing removed$1,050$2/sqft
    Source: One Source Affiliates, Inc. #8791455 Report a problem
    5/22/2020Listed for rent$1,050$2/sqft
    Source: One Source Affiliates, Inc. #8791455 Report a problem
    4/1/2016Sold$54,900$89/sqft
    Source: FMLS GA #5619429 Report a problem
    3/9/2016Listed for sale$54,900$89/sqft
    Source: GREAT ATLANTA REALTY, INC #5619429 Report a problem
    2/27/2016Pending sale$54,900$89/sqft
    Source: GREAT ATLANTA REALTY, INC #5619429 Report a problem
    1/25/2016Listed for sale$54,900$89/sqft
    Source: GREAT ATLANTA REALTY, INC #5619429 Report a problem
    1/1/2016Pending sale$54,900$89/sqft
    Source: GREAT ATLANTA REALTY, INC #5619429 Report a problem
    11/17/2015Listed for sale$54,900+61.5%$89/sqft
    Source: GREAT ATLANTA REALTY, INC #5619429 Report a problem
    10/28/2013Sold$34,000-2.6%$55/sqft
    Source: FMLS GA #5197285 Report a problem
    9/28/2013Pending sale$34,900$56/sqft
    Source: Harry Norman, REALTORS #5197285 Report a problem
    9/17/2013Listed for sale$34,900-12.8%$56/sqft
    Source: Harry Norman, REALTORS #5197285 Report a problem
    6/4/2013Sold$40,000$65/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,232 -12.7%$54,560 -12.7%
    2024$2,558 +28.3%$62,480
    2023$1,993 +27.7%$62,480 +62%
    2022$1,561 +2.9%$38,560 +3%
    2021$1,517 -1%$37,440 +1.2%
    2020$1,532 +49.9%$37,000 +8.8%
    2019$1,022 $34,000 +52.3%
    2018$1,022 $22,320 +192.1%
    2017$1,022 +138.8%$7,640
    2016$428 +1.5%$7,640
    2015$422 +21.7%$7,640
    2014$346 +75.2%$7,640 +70.5%
    2013$198 -0.7%$4,480
    2012$199 $4,480 -44.3%
    2011-- $8,040 -64.9%
    2010$1,012 $22,920
    2009-- $22,920 -13.1%
    2008-- $26,360 -2.9%
    2007$15 $27,160
    Find assessor info on the county website

    Neighborhood: Mechanicsville

    Nearby schools

    GreatSchools rating
    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.

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    Estimated market value
    $114,800
    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
    $114,800