Holiday Special- Offering $4,000 in seller concessions! Welcome home to this beautifully updated 2-bedroom, 1-bath condo in the heart of Atlanta! Perfect for a first-time buyer, this move-in-ready unit blends modern updates with timeless charm, including original hardwood floors that add warmth and character the moment you walk in. Inside, you’ll enjoy a freshly painted interior, an updated kitchen with a brand-new conduction stove and new refrigerator, and a refreshed bathroom with new vanity, toilet, and resurface shower/tub. All appliances have been regularly maintained and in great working order. Located just two miles from Atlanta’s top attractions—including State Farm Arena, Mercedes-Benz Stadium, Summerhill, and GSU—you’ll be close to everything: dining, entertainment, and major transportation hubs. Best of all, this home qualifies for Invest Atlanta down-payment assistance programs with grants up to $20,000, making ownership even more achievable.If you're dreaming of an affordable, updated home in a prime location—this is it. Welcome to your Atlanta beginning!
Active
Price cut: $9.5K (12/19)
$129,000
561 Formwalt St SW UNIT 10, Atlanta, GA 30312
2beds
620sqft
Est.:
Condominium, Residential
Built in 1962
-- sqft lot
$135,300 Zestimate®
$208/sqft
$330/mo HOA
What's special
Move-in-ready unitFreshly painted interior
- 22 days |
- 227 |
- 17 |
Zillow last checked: 8 hours ago
Listing updated: 13 hours ago
Listing Provided by:
Madeline Coffin,
The Armani Agency, LLC 404-876-4901
Source: FMLS GA,MLS#: 7686424
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: Attic
Primary bedroom
- Features: None
- Level: None
Bedroom
- Features: None
Primary bathroom
- Features: None
Dining room
- Features: None
Kitchen
- Features: Stone Counters
Heating
- Central, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Dishwasher, Disposal, Dryer, Electric Oven, Electric Water Heater, Microwave, Refrigerator, Washer
- Laundry: Laundry Closet
Features
- Flooring: Hardwood
- Windows: Double Pane Windows
- Basement: None
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 620
- Total interior livable area: 620 sqft
- Finished area above ground: 620
Video & virtual tour
Property
Parking
- Total spaces: 1
- Parking features: Parking Lot
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Rear Porch
- Exterior features: Courtyard, No Dock
- Pool features: None
- Spa features: None
- Fencing: Fenced
- Has view: Yes
- View description: Neighborhood
- Waterfront features: None
- Body of water: None
Lot
- Size: 618.55 Square Feet
- Features: Level
Details
- Additional structures: None
- Parcel number: 14 007600101295
- Other equipment: None
- Horse amenities: None
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium, Residential
- Attached to another structure: Yes
Materials
- Brick 4 Sides
- Foundation: Brick/Mortar
- Roof: Composition
Condition
- Resale
- New construction: No
- Year built: 1962
Utilities & green energy
- Electric: 220 Volts
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available
Green energy
- Energy efficient items: None
- Energy generation: None
- Water conservation: Low-Flow Fixtures
Community & HOA
Community
- Features: None
- Security: Fire Alarm, Security Gate
- Subdivision: Capitol City Square
HOA
- Has HOA: Yes
- Services included: Insurance, Maintenance Grounds, Pest Control, Reserve Fund, Security, Sewer, Termite, Trash, Water
- HOA fee: $330 monthly
Location
- Region: Atlanta
Financial & listing details
- Price per square foot: $208/sqft
- Tax assessed value: $156,200
- Annual tax amount: $429
- Date on market: 11/27/2025
- Cumulative days on market: 42 days
- Listing terms: Cash,Conventional,VA Loan
- Ownership: Condominium
- Electric utility on property: Yes
- Road surface type: Asphalt
Estimated market value
$135,300
$129,000 - $142,000
$1,405/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/19/2025 | Price change | $129,000-6.9%$208/sqft |
Source:  FMLS GA #7686424 Report a problem | ||
| 11/28/2025 | Listed for sale | $138,500$223/sqft |
Source: FMLS GA #7686424 Report a problem | ||
| 11/19/2025 | Listing removed | $138,500$223/sqft |
Source:  GAMLS #10635310 Report a problem | ||
| 10/31/2025 | Listed for sale | $138,500-6.4%$223/sqft |
Source: FMLS GA #7666406 Report a problem | ||
| 9/27/2025 | Listing removed | $1,500$2/sqft |
Source:  HomeSmart Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $524 +346.4% | $62,480 |
| 2023 | $117 -69.5% | $62,480 +62% |
| 2022 | $386 +4.9% | $38,560 +3% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,109/mo
Principal & interest
$644
HOA Fees
$330
Other costs
$135
Climate risks
Neighborhood: Mechanicsville
Nearby schools
GreatSchools rating
- 5/10Dunbar Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 5/10King Middle SchoolGrades: 6-8Distance: 0.9 mi
- 6/10Maynard H. Jackson- Jr. High SchoolGrades: 9-12Distance: 1.9 mi
Schools provided by the listing agent
- Elementary: Paul L. Dunbar
- Middle: Martin L. King Jr.
- High: Maynard Jackson
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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