431 Formwalt Street Southwest

Closed 7/2/25

Sold

Last Sold Price

$120,000

2,613 Lot Size0.06 Acres

431 Formwalt St SW, Atlanta, GA 30312

LandProperty Type

0.06 acresLot Size

Description

Incredible opportunity to purchase a lot in up-and-coming Mechanicsville! Minutes away from the Summerhill mixed-use development, GSU, Downtown Atlanta, the Mercedes Benz Stadium, and the State Farm Arena. Across the street from the Fulton County Juvenile Court and the Mechanicsville Library, on a quiet street off the main road (Fulton St SW), connecting to I-20 and I-85/75 for easy access. The lot is zoned SPI-18 SA1 (Mechanicsville Neighborhood Special Public Interest District), allowing for diverse...Incredible opportunity to purchase a lot in up-and-coming Mechanicsville! Minutes away from the Summerhill mixed-use development, GSU, Downtown Atlanta, the Mercedes Benz Stadium, and the State Farm Arena. Across the street from the Fulton County Juvenile Court and the Mechanicsville Library, on a quiet street off the main road (Fulton St SW), connecting to I-20 and I-85/75 for easy access. The lot is zoned SPI-18 SA1 (Mechanicsville Neighborhood Special Public Interest District), allowing for diverse commercial and residential uses, including multi-family. Variance for off-site parking obtained for a potential coffee shop (ground level) and two apartments (top level) project. Conceptual drawings available upon request.

Listed by: Fanny Lis Radtke • Platinum Real Estate, LLC. admin@platinumrealestate.com

Listing closed: 07/02/2025 12:00 AM • Source: FMLS, MLS#: 7535003

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Location

Listing Courtesy of Platinum Real Estate, LLC., Fanny Lis Radtke

Sold By Atlanta Communities, Corey Stampley

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$715 per month

30 year fixed, 7.03% Interest

Principal and Interest

$641

Property Taxes

$75

HOA Dues

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Property Information for 431 Formwalt Street Southwest

Property Details

Taxes: $896 / year
MLS Type: Land / Multi Family
County: Fulton County
Subdivision Complex: 0
Property Attached: No
Waterfront Features: None

Building Information

Lot Size: 0.06 AC

Summary

Location and General Information

Community Features: Near Beltline, Near Public Transport, Near Schools, Near Shopping
Directions: Use GPS

Lake Name: None
View: City, Neighborhood
Coordinates: -84.39589, 33.74303

Taxes and HOA Information

Parcel Number: 14 007600040741
Tax Year: 2024

Association: No
Tax Legal Description: All that Tract or parcel of land lying and being in the City of Atlanta, in land lot 76 of the 14th District of Fulton County, Georgia.
Tax Lot: 0

School Information

Elementary School: Hope-Hill
High School: Midtown

Middle School: David T Howard

Virtual Tour

Virtual Tour Link PP: https://www.propertypanorama.com/431-Formwalt-Street-SW-Atlanta-GA-30312/unbranded

Agent

Payment and Rate

Concessions Amt: $.00

Interior and Exterior Features

Interior Features

Other Equipment: None
Timber: None

Total Half Baths: 0
Bathrooms Total Interger: 0
Bathrooms Total Decimal: .00

Exterior Features

Dock: None
Fencing: None

Horse Amenities: None
Road Surface Type: Paved
Security Features: None
Pool Private: No
Road Frontage Type: City Street
Other Structures: None

Property

Utilities

Utilities: Electricity Available,Phone Available,Sewer Available,Water Available,Other

Property and Assessments

Home Warranty: No
Proposed Financing: Cash, Conventional, VA Loan

Current Use: Vacant
Possible Use: Commercial, Multi-Family, Residential, Retail, Other

Lot Information

HabitableResidenceYN: No
Land lot: 76

Lot Features: Cleared, Level, Rectangular Lot
Acreage Source: Plans
Lot Size Dimensions: 2431
Vegetation: Cleared
Current Zoning: SPI18

Multi Family

Income & Expenses Information

Swim/Tennis Fee Due: None

Rental

Rent Information

Terms: Cash
Occupant Types: Vacant

Property History for 431 Formwalt Street Southwest

Date	Event & Source	Price	Appreciation
Jun 2, 2025	Sold (Public Record) Public Record #1905702246	$120,000	+24.7% / yr
Oct 31, 2017	Sold (Public Record) Public Record #609453132	$22,500	+187.4% / yr
Dec 4, 2015	Sold (Public Record) Public Record #562736818	$3,000	—

Date	Event & Source	Price
06/02/2025	Sold (Public Record) Public Record #1905702246	$120,000 +24.7% / yr
10/31/2017	Sold (Public Record) Public Record #609453132	$22,500 +187.4% / yr
12/04/2015	Sold (Public Record) Public Record #562736818	$3,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 431 Formwalt Street Southwest

Taxable Value

Land

$21,760

Additions

Total$21,760

Tax Record

2025

$890 ($74 / month)

Home Facts

Beds

Lot Size

2,461 SqFt

Style

Residential

Zoning

RG3

County

FULTON

APN

14 007600040741

Schools near 431 Formwalt Street Southwest

This home is within Atlanta Public Schools.


Rating	School	Type	Grades	Distance
4/10	Dunbar Elementary School	Public - Serves this home	PK to 5	0.3 mi
5/10	King Middle School	Public - Serves this home	6 to 8	1.0 mi
6/10	Maynard H. Jackson- Jr. High School	Public - Serves this home	9 to 12	1.9 mi
5/10	Wesley International Academy	Charter - Choice school	K to 8	0.9 mi
8/10	Neighborhood Charter School	Charter - Choice school	K to 5	1.3 mi
4/10	Kindezi Old 4th Ward	Charter - Choice school	K to 8	2.1 mi
NR	The Life School of Atlanta	Private - Nearby school	9 to 12	0.6 mi


Rating	School	Distance
4/10	Dunbar Elementary School PublicPK to 5 Serves this home	0.3 mi
5/10	King Middle School Public6 to 8 Serves this home	1.0 mi
6/10	Maynard H. Jackson- Jr. High School Public9 to 12 Serves this home	1.9 mi
5/10	Wesley International Academy CharterK to 8 Choice school	0.9 mi
8/10	Neighborhood Charter School CharterK to 5 Choice school	1.3 mi
4/10	Kindezi Old 4th Ward CharterK to 8 Choice school	2.1 mi
NR	The Life School of Atlanta Private9 to 12 Nearby school	0.6 mi

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.