571 Formwalt Street Southwest, Unit 5

Closed 10/30/17
Closed 10/30/17
Gallery Image 1
Sold
Last Sold Price
$84,000
2 beds583 sqft
571 Formwalt St SW, Unit 5, Atlanta, GA 30312
CondoProperty Type
1961Year Built
$144/sq ftPrice per sq ft
$200/moHOA Fees

Description

Art Deco style condo in HOT Mechanisville neighborhood. Renovated condo w/ exposed brick, hardhood floors and stainless steel appliances. Great value close to so much Atlanta has to offer. Currently rented for $800/month by a long term tenant. Market rent could go higher. HOA includes water. No rental restrictions and a gated community makes this unit a rare opportunity for a savvy investor. Mechanicsville is an Atlanta Beltline neighborhood that has been targeted by City for its revitalization plan...Art Deco style condo in HOT Mechanisville neighborhood. Renovated condo w/ exposed brick, hardhood floors and stainless steel appliances. Great value close to so much Atlanta has to offer. Currently rented for $800/month by a long term tenant. Market rent could go higher. HOA includes water. No rental restrictions and a gated community makes this unit a rare opportunity for a savvy investor. Mechanicsville is an Atlanta Beltline neighborhood that has been targeted by City for its revitalization plan so get in while you can!
  • Listed by: Patrick Peyer • KELLER WILLIAMS REALTY METRO ATL
Listing closed: 10/30/2017 12:00 AM • Source: FMLS, MLS#: 5919170

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Location

Listing Courtesy of KELLER WILLIAMS REALTY METRO ATL, Patrick Peyer

Sold By REMAX GRAND SOUTH, Khoa Kevin Do

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$665 per month

30 year fixed, 6.71% Interest

Principal and Interest

$434

Property Taxes

$31

HOA Dues

$200

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Property Information for 571 Formwalt Street Southwest, Unit 5

Property Details
  • Taxes: $367 / year
  • MLS Type: Residential / Condominium
  • County: Fulton County
  • Subdivision Complex: Capital City Square Condos
  • Architectural Style: Contemporary/Modern
  • Exterior: None
  • Parking Features: Parking Lot
  • Property Attached: Yes
  • Waterfront Features: No Dock Or Boathouse, Deep Water Access
Building Information
  • Building/Complex: 571 Formwalt St Sw
  • Stories: 2
  • Year Built: 1961
Summary
Location and General Information
  • Community Features: Gated
  • Directions: I-20 West to exit 56B onto Windsor St, Spring St. Left on Windsor St SW, left on Fulton St SW, Right on Formwalt St SW
  • Lake Name: None
  • View: Other
  • Coordinates: -84.395323, 33.739412
Taxes and HOA Information
  • Parcel Number: 14 007600101360
  • Tax Year: 2016
  • Master Association Fee: $.00
  • Master Association Fee Frequency: Annually
  • Association Fee Includes: Maintenance Structure, Maintenance Grounds, Trash, Water
  • HOA Rent Restrictions: No
  • Association: Yes
  • Block: 0
  • Tax Lot: 0
School Information
  • School Bus Route Elem: No
  • School Bus Route High: No
  • School Bus Route Middle: No
  • Elementary School: Paul L. Dunbar
  • High School: Maynard Jackson
  • Middle School: Martin L. King Jr.
Parking
  • Carport or Garage: 0
Agent
Payment and Rate
  • Concessions Amt: $.00
Interior and Exterior Features
Interior Features
  • Cooling: Central Air
  • Heating: Electric
  • Appliances: Dishwasher, Electric Range, Microwave, Refrigerator
  • Basement: None
  • Fireplace Features: None
  • # of Fireplaces: 0
  • Flooring: Hardwood
  • Interior Features: Other
  • Levels/Stories: Two
  • Other Equipment: None
  • Bedroom Features: Split Bedroom Plan
  • Diningroom Features: Open Concept
  • Kitchen Features: Cabinets Stain, Stone Counters
  • Master Bathroom Features: None
  • Main Bedrooms: 2
  • Total Half Baths: 0
  • Main Full Baths: 1
  • Additional Rooms: Other
  • Bathrooms Total Decimal: 1.00
Exterior Features
  • Accessibility Features: None
  • Construction Materials: Brick 4 Sides
  • Dock: None
  • Fencing: None
  • Patio And Porch Features: Deck
  • Pool Features: None
  • Roof Type: Other
  • Security Features: Security Gate
  • Laundry Features: Other
  • Other Structures: None
Property
Utilities
  • Utilities: None
Property and Assessments
  • Assumable: No
  • FHA Condo Approval: No
  • Home Warranty: No
  • Plat Book: 0
  • Plat Page: 0
  • Property Condition: Resale
  • Possession: Close Of Escrow
Green Features
  • Green Energy Efficient: None
Lot Information
  • Section/GMD: 0
  • SqFt Source: Public Records
  • Square Footage: 583.0
  • Common Walls: No One Below
  • Land lot: 0
  • Lot Features: Other
  • Waterfront Footage: 0.0
Multi Family
Multi-Family Information
  • # Of Units In Community: 0
Income & Expenses Information
  • Swim/Tennis Fee: $0
  • Swim/Tennis Fee Due: None
Rental
Rent Information
  • Terms: Other

Property History for 571 Formwalt Street Southwest, Unit 5

DateEvent & SourcePriceAppreciation
Oct 30, 2017

Sold (Public Record)

Public Record #608552570

$84,000

+36.8% / yr

Mar 12, 2014

Sold (Public Record)

Public Record #412379073

$26,900

-13.1% / yr

Mar 31, 2005

Sold (Public Record)

Public Record #308398388

$94,900—
DateEvent & SourcePrice
10/30/2017

Sold (Public Record)

Public Record #608552570

$84,000

+36.8% / yr

03/12/2014

Sold (Public Record)

Public Record #412379073

$26,900

-13.1% / yr

03/31/2005

Sold (Public Record)

Public Record #308398388

$94,900

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

Public Records for 571 Formwalt Street Southwest, Unit 5

Taxable ValueLand$7,120Additions$47,720Total$54,840
Tax Record2025$2,158 ($180 / month)
Home Facts
Beds1Baths1Total Finished SqFt583 SqFtAbove Grade Finished SqFt583 SqFtStories1Lot Size583 SqFtStyleCondominiumYear Built1961Year Renovated2016ZoningRG2CountyFULTONAPN14 007600101360

Schools near 571 Formwalt Street Southwest, Unit 5

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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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 METRO ATL, Patrick Peyer

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.