561 Formwalt Street Southwest, Unit 10

Atlanta, GA 30312

$155,000
Price
2
Beds
1
Bath
620 Sq. Ft.
$250 / Sq. Ft.
620
Sq. Ft.
$250
per Sq. Ft.

Description

Prime investment opportunity in the heart of Atlanta! This 2-bedroom, 1-bathroom condo has been updated and is ready to generate immediate rental income or move in ready for first time buyer! Key upgrades include a new conduction stove, new refrigerator, newer water heater, fresh paint throughout, and an updated kitchen. The bathroom has been modernized with a new vanity and toilet, and the shower was resurfaced in 2024. The HVAC system has been regularly maintained, ensuring lower maintenance costs...Prime investment opportunity in the heart of Atlanta! This 2-bedroom, 1-bathroom condo has been updated and is ready to generate immediate rental income or move in ready for first time buyer! Key upgrades include a new conduction stove, new refrigerator, newer water heater, fresh paint throughout, and an updated kitchen. The bathroom has been modernized with a new vanity and toilet, and the shower was resurfaced in 2024. The HVAC system has been regularly maintained, ensuring lower maintenance costs for the new owner. This condo qualifies for Invest Atlanta Down Payment grants, up to $20,000! Just two miles from major attractions like State Farm Arena, Mercedes-Benz Stadium, Summerhill, and GSU Arena, this unit offers excellent appeal for buyers looking for proximity to downtown entertainment, dining, and transportation hubs.
  1. Listed by Madeline Coffin • HomeSmart • 404-876-4901

Property Details for 561 Formwalt Street Southwest, Unit 10

Subdivision Complex
Capitol City Square
Architectural Style
Contemporary, Modern
Exterior
Balcony, Courtyard
Num Of Parking Spaces
1
Parking Features
On Street, Parking Lot
Property Attached
Yes
Waterfront Features
None
LISTING UPDATED: 10/28/2024 01:05 PM

Property Details for 561 Formwalt Street Southwest, Unit 10

StatusActive
MLS #7468939
Days on Market18
Taxes$524 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeResidential / Condominium
Year Built1961
CountyFulton County

Building Information for 561 Formwalt Street Southwest, Unit 10

Building/Complex561 Formwalt St SwFloor-Stories1Residences24Pet Policy-Year Built1961

Property Information for 561 Formwalt Street Southwest, Unit 10

Summary
Location and General Information
  • Community Features: None
  • Directions: Use GPS
  • Lake Name: None
  • View: Other
  • Coordinates: -84.395328, 33.739419
Taxes and HOA Information
  • Parcel Number: 14 007600101295
  • Tax Year: 2023
  • Master Association Fee: $330.00
  • Master Association Fee Frequency: Monthly
  • Association Fee Includes: Maintenance Grounds, Maintenance Structure, Pest Control, Reserve Fund, Sewer, Termite
  • HOA Contact Phone: 770-949-5663
  • HOA Rent Restrictions: Yes
  • Association: No
  • Tax Legal Description: LOT 10 CA
  • Tax Lot: 10
School Information
  • School Bus Route Elem: Yes
  • School Bus Route High: Yes
  • School Bus Route Middle: Yes
  • Elementary School: Paul L. Dunbar
  • High School: Maynard Jackson
  • Middle School: Martin L. King Jr.
Parking
  • Open Parking: Yes
Interior and Exterior Features
Interior Features
  • Cooling: Central Air
  • Heating: Central
  • Appliances: Dishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Refrigerator, Washer
  • Basement: None
  • Fireplace Features: None
  • # of Fireplaces: 0
  • Flooring: Hardwood
  • Interior Features: Low Flow Plumbing Fixtures
  • Levels/Stories: One
  • Other Equipment: None
  • Window Features: Double Pane Windows
  • Bedroom Features: None
  • Diningroom Features: None
  • Kitchen Features: Cabinets Other, Stone Counters, View to Family Room
  • Master Bathroom Features: None
  • Foundation: Brick/Mortar
  • Main Bedrooms: 2
  • Total Half Baths: 0
  • Bathrooms Total Interger: 1
  • Main Full Baths: 1
  • Additional Rooms: Bathroom, Bedroom, Other
  • Bathrooms Total Decimal: 1.00
Exterior Features
  • Accessibility Features: None
  • Construction Materials: Brick 4 Sides
  • Fencing: Fenced, Privacy
  • Horse Amenities: None
  • Patio And Porch Features: Front Porch, Rear Porch
  • Pool Features: None
  • Road Surface Type: Asphalt
  • Roof Type: Shingle
  • Security Features: Fire Alarm
  • Spa Features: None
  • Laundry Features: Laundry Closet, Main Level
  • Pool Private: No
  • Road Frontage Type: Private Road
  • Other Structures: None
Property
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Available,Electricity Available,Phone Available,Sewer Available,Water Available
  • Water Source: Public
  • Electric: 220 Volts
Property and Assessments
  • FHA Condo Approval: No
  • Home Warranty: No
  • Property Condition: Resale
  • Possession: See Remarks
Green Features
  • Green Energy Efficient: None
  • Green Energy Generation: None
Lot Information
  • Above Grade Finished Area: 620.0
  • Below Grade Finished Area: 0.0
  • SqFt Source: Public Records
  • Square Footage: 620.0
  • Common Walls: 2+ Common Walls
  • Lot Features: Front Yard, Private
  • Acreage Source: Public Records
  • Below Grade Unfinished Area: 0.0
Multi Family
Multi-Family Information
  • # Of Units In Community: 24
Rental
Rent Information
  • Land Lease: No
  • Occupant Types: Owner

Property History for 561 Formwalt Street Southwest, Unit 10

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 561 Formwalt Street Southwest, Unit 10

Taxable ValueLand$8,120Additions$54,360Total$62,480
Tax Record2023$2,587 ($216 / month)
Home Facts
Beds1Baths1Total Finished SqFt620 SqFtAbove Grade Finished SqFt620 SqFtStories1Lot Size610 SqFtStyleCondominiumYear Built1961Year Renovated1995ZoningRG2CountyFULTONAPN14 007600101295

Schools near 561 Formwalt Street Southwest, Unit 10

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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

561 Formwalt Street Southwest, Unit 10 is a condo for sale in Atlanta, GA 30312. This property was listed for sale on October 19, 2024 by HomeSmart, it's currently listed at $155,000. It has been on the market for a total of 18 days and was last sold on January 9, 2019. This listing's school district is Atlanta Public Schools. Nearby schools include Dunbar Elementary School, King Middle School and Maynard H. Jackson- Jr. High School. 561 Formwalt Street Southwest, Unit 10 is a 2-bed, 1-bath, 620 sqft condo built in 1961.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of HomeSmart, Madeline Coffin

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.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 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.