LOCATION, VALUE, AND OPPORTUNITY all come together at 727 Formwalt Street SW! This 3-bedroom, 2.5-bath home offers 1,806 square feet of living space in one of Atlanta's most convenient intown locations, and it's being offered BELOW APPRAISED VALUE. From the moment you arrive, the inviting front porch gives this home plenty of character. Inside, you'll find a spacious floor plan with hardwood flooring, tall ceilings, stainless steel kitchen appliances, and plenty of natural light. With more than 1,800 square feet, there's plenty of room to live, work, entertain, and truly make this home your own. Upstairs, the oversized primary bedroom is definitely a highlight. There's plenty of room for a full bedroom setup with additional space for a sitting area, desk, or whatever fits your lifestyle. The primary also has access to its own private front deck, giving you a nice outdoor space right outside your bedroom. The outdoor space continues in the back with a rear deck that's perfect for grilling, entertaining, or simply relaxing. The backyard is completely fenced, giving you additional privacy and plenty of ways to enjoy the space. But LOCATION may be the biggest selling point here. You're just minutes from Downtown Atlanta, the Atlanta University Center, Georgia State University, Mercedes-Benz Stadium, State Farm Arena, Georgia State's football stadium, Centennial Olympic Park, the Georgia Aquarium, World of Coca-Cola, and so much more. Midtown Atlanta and Hartsfield-Jackson Atlanta International Airport are also conveniently accessible. Whether you're looking for a place to call home, purchasing your first property, or an investor looking for an intown Atlanta opportunity, 727 Formwalt gives you options. FOR INVESTORS, this property has previously generated rental income in the range of approximately $2,300-$2,500 per month. With a 3-bedroom floor plan, fenced backyard, outdoor living spaces, and a central Atlanta location, the property offers an opportunity for buyers looking to add an intown rental to their portfolio. FOR OWNER-OCCUPANTS, there may be several financing and down-payment assistance options available to qualified buyers, including Georgia Dream, Fulton County HOP, Chenoa Fund programs, 100% financing options, and other available grant and assistance programs. Program availability, eligibility, income limits, property requirements, and financing terms vary by buyer and loan program. Great space. Great value. Great location. Whether you're buying a home for yourself or looking for your next investment, 727 Formwalt Street SW is ready for its next owner. Come see the home, see the location, and see the possibilities for yourself.
Active
$295,000
727 Formwalt St SW, Atlanta, GA 30315
3beds
1,806sqft
Single Family Residence
Built in 2004
4,399 Square Feet Lot
$284,800 Zestimate®
$163/sqft
$-- HOA
What's special
Tall ceilingsPlenty of natural lightInviting front porchStainless steel kitchen appliancesHardwood flooringSpacious floor planOversized primary bedroom
- 6 days
- 483
- 86
Zillow last checked:
Listing updated:
Listed by:
Justin Hingleton 336-906-8741,
Keller Williams West Atlanta
Source: GAMLS,MLS#: 10852384
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Rooms
- Room types: Other
Kitchen
- Features: Kitchen Island
Heating
- Central
Cooling
- Attic Fan, Central Air
Appliances
- Included: Dishwasher, Dryer, Microwave, Refrigerator, Washer
- Laundry: Laundry Closet
Features
- Roommate Plan, Walk-In Closet(s)
- Flooring: Carpet, Hardwood
- Basement: Crawl Space
- Has fireplace: No
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 1,806
- Total interior livable area: 1,806 sqft
- Finished area above ground: 1,806
- Finished area below ground: 0
Property
Parking
- Parking features: Off Street, Parking Pad
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Fencing: Back Yard
- Has view: Yes
- View description: City
- Waterfront features: No Dock Or Boathouse
- Body of water: None
Lot
- Size: 4,399 Square Feet
- Features: Other
Details
- Parcel number: 14 007500040353
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Craftsman
- Property subtype: Single Family Residence
Materials
- Other
- Foundation: Slab
- Roof: Composition
Condition
- Resale
- New construction: No
- Year built: 2004
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, High Speed Internet, Natural Gas Available, Phone Available, Sewer Available
Community & HOA
Community
- Features: None
- Security: Smoke Detector(s)
- Subdivision: None
HOA
- Has HOA: No
- Services included: None
Location
- Region: Atlanta
Financial & listing details
- Price per square foot: $163/sqft
- Tax assessed value: $240,000
- Annual tax amount: $3,927
- Date on market: 9/24/2026
- Cumulative days on market: 5 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,FHA,VA Loan
- Electric utility on property: Yes
Estimated market value
$284,800
$271,000 - $299,000
$2,432/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/24/2026 | Listed for sale | $295,000+280.6%$163/sqft |
Source: | ||
| 7/15/2025 | Listing removed | $2,200$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/1/2025 | Price change | $2,200-4.3%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/30/2025 | Listed for rent | $2,300+4.5%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/23/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 12/5/2023 | Price change | $2,200-4.3%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/20/2023 | Listed for rent | $2,300+64.3%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 10/23/2019 | Listing removed | $1,400$1/sqft |
Source: Owner Report a problem | ||
| 10/13/2019 | Price change | $1,400-3.4%$1/sqft |
Source: Owner Report a problem | ||
| 9/30/2019 | Listed for rent | $1,450+11.5%$1/sqft |
Source: Owner Report a problem | ||
| 8/21/2018 | Listing removed | $1,300$1/sqft |
Source: Owner Report a problem | ||
| 8/9/2018 | Listed for rent | $1,300$1/sqft |
Source: Owner Report a problem | ||
| 10/25/2013 | Sold | $77,500-3.1%$43/sqft |
Source: | ||
| 10/22/2013 | Pending sale | $80,000$44/sqft |
Source: Prudential Georgia Realty-Buckhead #5186194 Report a problem | ||
| 8/20/2013 | Listed for sale | $80,000-19.9%$44/sqft |
Source: Prudential Georgia Realty-Buckhead #5186194 Report a problem | ||
| 7/1/2013 | Listing removed | $99,900$55/sqft |
Source: Coldwell Banker Residential Brokerage - Sandy Springs #5121008 Report a problem | ||
| 3/13/2013 | Listed for sale | $99,900+24.9%$55/sqft |
Source: Coldwell Banker Residential Brokerage - Sandy Springs #7064814 Report a problem | ||
| 6/16/2008 | Sold | $80,000-58.7%$44/sqft |
Source: Public Record Report a problem | ||
| 6/28/2006 | Sold | $193,900-39.4%$107/sqft |
Source: Public Record Report a problem | ||
| 9/16/2005 | Sold | $320,000-5.9%$177/sqft |
Source: Public Record Report a problem | ||
| 11/10/2004 | Sold | $340,000$188/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,927 -0.1% | $96,000 |
| 2024 | $3,930 +41.5% | $96,000 -6.3% |
| 2023 | $2,778 -33% | $102,440 |
| 2022 | $4,146 +27.9% | $102,440 +28.1% |
| 2021 | $3,241 +24.6% | $80,000 +27.3% |
| 2020 | $2,602 +13.5% | $62,840 +38.3% |
| 2019 | $2,292 | $45,440 +3.3% |
| 2018 | $2,292 | $44,000 +99.3% |
| 2017 | $2,292 +60.9% | $22,080 |
| 2016 | $1,424 +48.6% | $22,080 |
| 2015 | $958 -4.3% | $22,080 |
| 2014 | $1,001 +107.8% | $22,080 +102.2% |
| 2013 | $482 +22.7% | $10,920 +23.5% |
| 2012 | $393 +4548.2% | $8,840 -60.3% |
| 2011 | $8 -99.5% | $22,240 -43.2% |
| 2010 | $1,729 -36% | $39,160 -35.5% |
| 2009 | $2,704 -40.4% | $60,760 -36.4% |
| 2008 | $4,534 +11.8% | $95,480 |
| 2007 | $4,054 | $95,480 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
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.







