Active

$135,000

561 Formwalt St SW Unit 5, Atlanta, GA 30312

2beds

583sqft

Est.:

Condominium, Mid Rise

Built in 1961

-- sqft lot

$128,700 Zestimate^®

$232/sqft

$399/mo HOA

What's special

City viewsExposed brickArt-deco-inspired homeStainless steel appliancesGranite countertopsHardwood floors throughoutBeautifully updated bottom-floor condo

Enjoy in-town living in this beautifully updated bottom-floor condo in the heart of Mechanicsville, just steps from the BeltLine. This Art-Deco-inspired home features exposed brick, hardwood floors throughout, stainless steel appliances, granite countertops, and a modern tiled bath with updated finishes. Fresh paint enhances the space, while city views add to the urban appeal. The home is all-electric, helping keep utility costs low, and includes a washer and dryer in the unit, a security system, and private parking within a quiet, gated community.

67 days

333

15

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1
Main level bathrooms: 1
Main level bedrooms: 2

Rooms

Room types: Other

Heating

Central

Cooling

Ceiling Fan(s), Central Air

Appliances

Included: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer
Laundry: Laundry Closet

Features

Other
Flooring: Hardwood
Basement: None
Has fireplace: No
Common walls with other units/homes: 1 Common Wall

Interior area

Total structure area: 583
Total interior livable area: 583 sqft
Finished area above ground: 583
Finished area below ground: 0

Property

Parking

Total spaces: 1
Parking features: Assigned

Features

Levels: One
Stories: 1
Waterfront features: No Dock Or Boathouse
Body of water: None

Lot

Size: 566.28 Square Feet
Features: Other

Details

Parcel number: 14 007600101246

Construction

Type & style

Home type: Condo
Architectural style: Brick/Frame
Property subtype: Condominium, Mid Rise
Attached to another structure: Yes

Materials

Brick
Roof: Composition

Condition

Resale
New construction: No
Year built: 1961

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available

Community & HOA

Community

Features: None
Subdivision: Capitol City Square Condos

HOA

Has HOA: Yes
Services included: Maintenance Structure, Maintenance Grounds, Other, Pest Control, Sewer
HOA fee: $4,788 annually

Location

Region: Atlanta

Financial & listing details

Price per square foot: $232/sqft
Tax assessed value: $151,000
Annual tax amount: $2,158
Date on market: 2/5/2026
Cumulative days on market: 67 days
Listing agreement: Exclusive Agency
Electric utility on property: Yes

Estimated market value

$128,700

$122,000 - $135,000

$1,248/mo

Price history

Date	Event	Price
2/5/2026	Listed for sale	$135,000+14.9%$232/sqft
Source: FMLS GA #7715021 Report a problem
12/1/2025	Listing removed	$117,500$202/sqft
Source: FMLS GA #7637744 Report a problem
8/23/2025	Listed for sale	$117,500$202/sqft
Source: FMLS GA #7637744 Report a problem
8/1/2025	Listing removed	$117,500$202/sqft
Source: FMLS GA #7524995 Report a problem
6/27/2025	Price change	$117,500-6%$202/sqft
Source: FMLS GA #7524995 Report a problem
5/25/2025	Price change	$125,000-3.8%$214/sqft
Source: FMLS GA #7524995 Report a problem
5/24/2025	Price change	$130,000-7.1%$223/sqft
Source: FMLS GA #7524995 Report a problem
2/14/2025	Listed for sale	$140,000-6.7%$240/sqft
Source: FMLS GA #7524995 Report a problem
2/1/2025	Listing removed	$150,000+11.1%$257/sqft
Source: GAMLS #10421146 Report a problem
12/4/2024	Price change	$135,000-10%$232/sqft
Source: FMLS GA #7491872 Report a problem
11/28/2024	Listed for sale	$150,000+25%$257/sqft
Source: FMLS GA #7491872 Report a problem
3/24/2021	Listing removed	--
Source: Owner Report a problem
6/9/2016	Listing removed	$120,000$206/sqft
Source: Owner Report a problem
3/11/2016	Listed for sale	$120,000+152.6%$206/sqft
Source: Owner Report a problem
2/28/2016	Listing removed	$900$2/sqft
Source: Boss Home Solutions Report a problem
1/29/2016	Listed for rent	$900+29.5%$2/sqft
Source: Boss Home Solutions Report a problem
1/19/2016	Sold	$47,500-13.6%$81/sqft
Source: GAMLS #7548234 Report a problem
1/13/2016	Pending sale	$55,000$94/sqft
Source: RBS REALTY #07548234 Report a problem
1/4/2016	Listed for sale	$55,000$94/sqft
Source: RBS REALTY #07548234 Report a problem
12/21/2015	Pending sale	$55,000$94/sqft
Source: RBS REALTY #07548234 Report a problem
11/6/2015	Listed for sale	$55,000+46.7%$94/sqft
Source: RBS REALTY #07548234 Report a problem
12/7/2013	Listing removed	$695$1/sqft
Source: One Source Affiliates, Inc Report a problem
9/7/2013	Listed for rent	$695$1/sqft
Source: Solid Source Realty Report a problem
5/8/2013	Sold	$37,500+92.3%$64/sqft
Source: Agent Provided Report a problem
6/22/2012	Sold	$19,500-20.4%$33/sqft
Source: Public Record Report a problem
5/6/2012	Pending sale	$24,500-74.2%$42/sqft
Source: Better Homes and Gardens Real Estate Metro Brokers #3189518 Report a problem
4/25/2005	Sold	$94,900$163/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$2,473 +28.3%	$60,400
2023	$1,927 +27.7%	$60,400 +62%
2022	$1,509 0%	$37,280 +3%
2021	$1,509 +2%	$36,200 +1.2%
2020	$1,480 +36.6%	$35,760 -6.8%
2019	$1,084	$38,360 +53%
2018	$1,084	$25,080 +145.9%
2017	$1,084 +123%	$10,200
2016	$486 +1.2%	$10,200
2015	$480	$10,200
2014	$480 +87.6%	$10,200 +75.9%
2013	$256 -0.7%	$5,800
2012	$258	$5,800 -46.7%
2011	--	$10,880 -69.8%
2010	$1,590	$36,000
2009	--	$36,000 -20.7%
2008	--	$45,400
2007	$478	$45,400