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.
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Street View
$120,000
431 Formwalt St SW, Atlanta, GA 30312
--beds
0baths
--sqft
Multi Family, Unimproved Land
Built in ----
-- sqft lot
$154,300 Zestimate®
$--/sqft
$1,599 Estimated rent
Home value
$154,300
$116,000 - $210,000
$1,599/mo
Zestimate® history
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Zillow last checked: 7 hours ago
Listing updated: July 07, 2025 at 08:28am
Listing Provided by:
Fanny Lis Radtke,
Platinum Real Estate, LLC. admin@platinumrealestate.com
Bought with:
Corey Stampley, 373182
Atlanta Communities
Source: FMLS GA,MLS#: 7535003
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Property
Features
- Exterior features: No Dock
- Fencing: None
- Has view: Yes
- View description: City, Neighborhood
- Waterfront features: None
- Body of water: None
Lot
- Size: 2,613 sqft
- Features: Cleared, Level, Rectangular Lot
- Residential vegetation: Cleared, No Timber
Details
- Additional structures: None
- Parcel number: 14 007600040741
- Zoning: SPI18
- Zoning description: Multifamily
- Other equipment: None
- Horse amenities: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Unimproved Land
Utilities & green energy
- Utilities for property: Electricity Available, Phone Available, Sewer Available, Water Available, Other
Community & neighborhood
Security
- Security features: None
Community
- Community features: Near Beltline, Near Public Transport, Near Schools, Near Shopping
Location
- Region: Atlanta
- Subdivision: 0
Other
Other facts
- Listing terms: Cash,Conventional,VA Loan
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 7/2/2025 | Sold | $120,000-11.1% |
Source:  FMLS GA #7535003 Report a problem | ||
| 6/12/2025 | Pending sale | $135,000 |
Source: FMLS GA #7535003 Report a problem | ||
| 3/5/2025 | Listed for sale | $135,000+78.8% |
Source: FMLS GA #7535003 Report a problem | ||
| 11/3/2019 | Listing removed | $75,500 |
Source: Americas Network Realty Group, Inc. #6546383 Report a problem | ||
| 10/4/2019 | Listed for sale | $75,500+235.6% |
Source: Americas Network Realty Group, Inc. #6546383 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $891 +6.9% | $21,760 -16.7% |
| 2023 | $833 -21.2% | $26,120 |
| 2022 | $1,057 +48.3% | $26,120 +48.4% |
Find assessor info on the county website
Neighborhood: Mechanicsville
Nearby schools
GreatSchools rating
- 4/10Dunbar Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 5/10King Middle SchoolGrades: 6-8Distance: 1 mi
- 6/10Maynard H. Jackson- Jr. High SchoolGrades: 9-12Distance: 2 mi
Schools provided by the listing agent
- Elementary: Hope-Hill
- Middle: David T Howard
- High: Midtown
Source: FMLS GA. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$154,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$154,300
- Georgia
- Fulton County
- Atlanta
- 30312
- Mechanicsville
- 431 Formwalt St SW