3 months on rocket

561 Formwalt St SW Unit 7, Atlanta, GA, 30312

$148,900

Home List Price

$1,768*

Closing Credit

2 Bedrooms
1 Full Bath
582 SqFt
$256/SqFt
Condo

Location

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561 Formwalt St SW Unit 7, Atlanta$148,900

Buyer Closing Credits

$1,768*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingOff Street, Parking Pad
Year Built1961
HeatingCentral, Electric
CoolingCentral Air, Electric
ViewCity
MLS #10378155
Lot Size0.01 Acres
StatusActive

About 561 Formwalt St SW Unit 7

Convenient city-living on this cozy 2 bedrooms, 1 bath condo. First floor living, located in a small, gated community with easy access to downtown Atlanta, Georgia State, interstates, shopping and more. Hardwood floors throughout, granite countertops in kitchen, rear deck. A few recent upgrades, i.e. hot water heater (2024), A/C unit (2023) Available to owner-occupants and investors! Awesome deal in the city!

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1961
  • Living Area: 582 SqFt

Listing Office:

  • Office Name: Virtual Properties Realty.com
  • Listing Agent: Jackie Boone

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Electric Water Heater, Oven/Range
  • Basement: No
  • Flooring Type: Hardwood, Tile
  • Interior: Master On Main Level, Tile Bath

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • View: City

Parking Information:

  • Attached Garage: No
  • Parking: Off Street, Parking Pad

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.01 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air, Electric

Other

Directions Information:

  • Directions: Use GPS

Price Information

Listing Price Info

Price Summary:

  • List Price: $148,900
  • Price Per SqFt: $256/SqFt
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Housing Market Comparison

See how this home compares to others in Atlanta, GA.

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Atlanta, GA

City

Med. Sold Price

$421.8K

Med. Price/SqFt

$251

Avg. Days On Market

47

# of Sold Homes

939

561 Formwalt St SW Unit 7 vs Atlanta

94 DAYS ON ROCKET

+47 Days

$148,900

-$272.9K Less

$256/SqFt

+$4 More

KEY TAKEAWAY

This property is $272.9K less than the Median Sold Price and $4/SqFt more than other homes in Atlanta, GA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Georgia MLS 2
  • MLS Number: #10378155

Listing Office:

  • Office Name: Virtual Properties Realty.com
  • Listing Agent: Jackie Boone

IDX Based on information from the Georgia MLS © 2024.

All information provided is deemed reliable but is not guaranteed and should be independently verified. GAMLS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GAMLS and this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

DMCA Notice
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/17/2024, 11:20:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Feb 03, 2016Home Sold
$47,500
Feb 03, 2016Home Sold
$47,500
May 08, 2013Home Sold
$37,500
May 22, 2012Home Sold
$18,600
May 13, 2005Home Sold
$99,900
Mar 29, 2005Home Sold
$95,900

History based on county public records data.

Payment Calculator

$811

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$513

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4260717
3
/10

  • Dunbar Elementary School

  • 500 Whitehall Ter SW

  • 0.37 miles

  • Public District Grades PK-5

school-card-donut-4260718
4
/10

  • Gideons Elementary School

  • 897 Welch St SW

  • 0.84 miles

  • Public District Grades PK-5

school-card-donut-4260719
4
/10

  • Barack & Michelle Obama Academy

  • 970 Martin St SE

  • 1.07 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $23,549. Typical income of Atlanta, GA residents is less than $35k annually. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 561 Formwalt St SW Unit 7

What is the listing price of this property?

The listing price of 561 Formwalt St SW Unit 7 property is $148,900.

What type of property is this?

The property 561 Formwalt St SW Unit 7 is a condo located in Atlanta, Georgia, 30312.

Is this property for sale now?

Active Listing: 561 Formwalt St SW Unit 7 is For Sale (Active/New) which means the seller is accepting offers.

When was this property sold last time and for how much?

The last sale was on February 3, 2016 for $47,500. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 561 Formwalt St SW Unit 7 has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 561 Formwalt St SW Unit 7 is 582 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 561 Formwalt St SW Unit 7 is 1961.

Rocket Homes›Georgia›Fulton County›Atlanta›30312›561 Formwalt St SW Unit 7

This home is located at 561 Formwalt St SW Unit 7 in Atlanta, GA and zip code 30312 in the Southwestern Atlanta neighborhood. This 582 square foot home, which was built in 1961, sits on a 0.01 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since September 14, 2024 and is currently priced at $148,900.

While more than 147 listings in Atlanta, GA in November 2024 were sold above asking price, there were more than 188 listings sold at asking price, and more than 559 were sold below. The inventory of homes for sale in Atlanta, GA between October 2024 and November 2024 increased by 5.4%. The median list price of listings available in November 2024 was $421,834, while the average time on the real estate market was 47 days.

From Rocket Homes Real Estate and based on county public records data.

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