431 Formwalt Street Southwest

Closed 7/2/25
Closed 7/2/25
Gallery Image 1
Sold
Last Sold Price
$120,000
2,613 Lot Size0.06 Acres
431 Formwalt St SW, Atlanta, GA 30312
LandProperty Type
2,613 sq ftLot 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

Recent comparable sales

Median sold price

$122,500

Avg days on market

113

Sale-to-list ratio

83.6%

Atlanta, GA

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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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Principal and Interest

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Property Taxes

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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
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

DateEvent & SourcePriceAppreciation
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—
DateEvent & SourcePrice
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 ValueLand$21,760Additions-Total$21,760
Tax Record2025$694 ($58 / month)
Home Facts
Beds0Lot Size2,461 SqFtStyleResidentialZoningRG3CountyFULTONAPN14 007600040741

Schools near 431 Formwalt Street Southwest

This home is within Atlanta Public Schools.
Rating
School
Type
Grades
Distance
Dunbar Elementary School
Public - PK to 5
King Middle School
Public - 6 to 8
Maynard H. Jackson- Jr. High School
Public - 9 to 12
Wesley International Academy
Charter - K to 8
Rating
School
Distance
Dunbar Elementary School
PublicPK to 5

King Middle School
Public6 to 8

Maynard H. Jackson- Jr. High School
Public9 to 12

Wesley International Academy
CharterK to 8

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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 431 Formwalt Street Southwest, Atlanta, GA 30312
$120,000
–
–
–
2,613
427 Formwalt Street Southwest, Atlanta, GA 30312
$125,000
–
–
–
2,439
435 Formwalt Street Southwest, Atlanta, GA 30312
$10,000
–
–
–
2,439
252 Eugenia Street Southwest, Atlanta, GA 30312
$409,000
–
–
–
14,810
257 Eugenia Street Southwest, Atlanta, GA 30312
–
4
1
1,416
4,133
266 Eugenia Street Southwest, Atlanta, GA 30312
$45,000
–
–
–
3,158

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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.

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

Based on information from one of the following Multiple Listing Services:FMLS,FMLS_CS,GAMLS,Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS, Tiftarea Board of Realtors.Information being provided is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by FMLS,FMLS_CS,GAMLS, Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS, Tiftarea Board of Realtors is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.