Sold
Last Sold Price
2 beds
571 Formwalt St SW, Atlanta, GA 30312
Multi FamilyProperty Type
0.01 acresLot Size
1961Year Built

Description

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...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!
  • Listed by: Charlene Collier • Keller Williams Realty West Atlanta
Listing closed: 01/15/2025 12:00 AM • Source: FMLS, MLS#: 7483503

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Recent comparable sales

Median sold price

$145,000

Avg days on market

34

Sale-to-list ratio

73.4%

Atlanta, GA

9 comparable properties found

$138,500 | 561 Formwalt Street Southwest, Unit 6, Atlanta, GA 30312
1

$138,500

Sold 05/30/25

2
Bedrooms
583
Square Feet
Unavailable
Acres
a front view of a house
2

$132,500

Sold 10/17/25

2
Bedrooms
588
Square Feet
Unavailable
Acres
a view of a house with a small yard and plants
3

$130,000

Sold 08/07/25

2
Bedrooms
Unavailable
Square Feet
0.02
Acres
a view of outdoor space and front view of a house
4

$145,000

Sold 04/23/25

2
Bedrooms
700
Square Feet
0.04
Acres
a front view of a house with a yard
5

$150,500

Sold 07/20/26

2
Bedrooms
864
Square Feet
0.06
Acres
6

$163,000

Sold 07/11/25

2
Bedrooms
1
Bathrooms
768
Square Feet
0.11
Acres
$163,000 | 1002 Ira Street Southwest, Atlanta, GA 30310
7

$163,000

Sold 07/11/25

2
Bedrooms
768
Square Feet
0.11
Acres
a front view of a house with garden
8

$155,000

Sold 02/18/25

2
Bedrooms
736
Square Feet
0.11
Acres
$115,000 | 592 Formwalt Street Southwest, Atlanta, GA 30312
9

$115,000

Sold 08/06/25

2
Bedrooms
996
Square Feet
0.18
Acres

Location

Listing Courtesy of Keller Williams Realty West Atlanta, Charlene Collier

Sold By HomeSmart, Letrice Gholson

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Payment Calculator

$977 per month

30 year fixed, 7.03% Interest

Principal and Interest

$763

Property Taxes

$213

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 571 Formwalt Street Southwest

Property Details
  • Taxes: $2,559 / year
  • MLS Type: Residential Income / Other
  • Subdivision Complex: Capitol City Square Condos
  • Num Of Parking Spaces: 0
  • Parking Features: Parking Lot
  • Property Attached: No
  • Waterfront Features: None
Building Information
  • Stories: 1
  • Residences: 1
  • Year Built: 1961
  • Lot Size: 0.01 AC / 609 SF
Summary
Location and General Information
  • Community Features: Gated
  • Directions: Take 75/85 to MLK Jr Dr, exit west. Take left on Pryor street, right on Crumley street, the left on Formwalt.
  • Lake Name: None
  • View: City
  • Coordinates: -84.395328, 33.739419
Taxes and HOA Information
  • Parcel Number: 14 007600101352
  • Tax Year: 2023
  • Association: No
  • Block: 0
  • Tax Legal Description: Ka Capital City Square Condo Unit 4
  • Tax Lot: 0
School Information
  • Elementary School: Paul L. Dunbar
  • High School: Maynard Jackson
  • Middle School: Martin L. King Jr.
Agent
Payment and Rate
  • Concessions Amt: $.00
Interior and Exterior Features
Interior Features
  • Cooling: Central Air
  • Heating: Central, Forced Air, Natural Gas
  • Flooring: Laminate
  • Levels/Stories: One
  • Window Features: None
  • Bathrooms Total Interger: 0
Exterior Features
  • Accessibility Features: None
  • Construction Materials: Brick
  • Dock: None
  • Fencing: None
  • Roof Type: Composition
  • Security Features: Security Gate
  • Pool Private: No
Property
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Available,Electricity Available,Natural Gas Available,Water Available
  • Water Source: Public
Property and Assessments
  • Home Warranty: No
  • Proposed Financing: Cash
  • Plat Book: 0
  • Plat Page: 0
  • Property Condition: Resale
Green Features
  • Green Energy Efficient: None
  • Green Energy Generation: None
Lot Information
  • Section/GMD: 0
  • Land lot: 0
  • Lot Features: Other
  • Acreage Source: Other
  • Lot Size Dimensions: 10x10x10x10
  • Waterfront Footage: 0.0
Multi Family
Multi-Family Information
  • Unit Count: 1
  • NUM OF UNITS: 1
Unit 1
  • Unit Deposit Amount: $.00
  • Unit Electric Included: No
  • Unit Features: Deck, Dishwasher, Refrigerator, Washer
  • Unit Garbage Included: No
  • Unit Gas Included: No
  • Unit Half Baths: 0
  • Unit Maintenance Included: No
  • Unit Occupant: Vacant
  • Unit Water Included: No
  • Unit Rent Amount: $.00
  • Unit Full Baths: 1
  • Unit Bedrooms: 2
Rental
Rent Information
  • Terms: Cash
  • Occupant Types: Vacant

Property History for 571 Formwalt Street Southwest

DateEvent & SourcePriceAppreciation
Dec 20, 2019

Sold (Public Record)

Public Record #660622961

$76,000

+4.1% / yr

May 30, 2017

Sold (Public Record)

Public Record #599839226

$68,500

+31.7% / yr

Sep 30, 2013

Sold (Public Record)

Public Record #372051282

$25,000—
DateEvent & SourcePrice
12/20/2019

Sold (Public Record)

Public Record #660622961

$76,000

+4.1% / yr

05/30/2017

Sold (Public Record)

Public Record #599839226

$68,500

+31.7% / yr

09/30/2013

Sold (Public Record)

Public Record #372051282

$25,000

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

Public Records for 571 Formwalt Street Southwest

Taxable ValueLand$7,560Additions$49,120Total$56,680
Tax Record2025$2,229 ($186 / month)
Home Facts
Beds1Baths1Total Finished SqFt618 SqFtAbove Grade Finished SqFt618 SqFtStories1Lot Size618 SqFtStyleCondominiumYear Built1961Year Renovated1995ZoningRG2CountyFULTONAPN14 007600101402

Schools near 571 Formwalt Street Southwest

This home is within Atlanta Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
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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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 Keller Williams Realty West Atlanta, Charlene Collier

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.