3 months on rocket

561 Formwalt St 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 Unit 7, Atlanta$148,900

Buyer Closing Credits

$1,768*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingParking Lot, Permit Required
Year Built1961
HeatingCentral, Electric
CoolingCentral Air, Electric
WaterfrontNone
FireplaceNone
ViewCity
MLS #7457119
Lot Size0.01 Acres
StatusActive

About 561 Formwalt St Unit 7

Convenient city-living, 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: Mid-Century Modern, Other
  • Year Built: 1961
  • Living Area: 582 SqFt

Listing Office:

  • Office Name: Virtual Properties Realty.com
  • Office Phone: (770) 495-5050
  • Listing Agent: Jacqueline Boone

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Electric Range, Electric Water Heater
  • Basement: No
  • Flooring Type: Ceramic Tile, Hardwood
  • Interior: Walk-In Closet(s)
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: None
  • View: City
  • Exterior: Lighting

Parking Information:

  • Attached Garage: No
  • Parking: Parking Lot, Permit Required

Lot Features

Lot Information:

  • Lot: Level, Sidewalk
  • 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

HOA Fees:

  • Amount: $3960
  • Frequency: Annually
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Housing Market Comparison

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

Med. Sold Price

$421.8K

Med. Price/SqFt

$251

Avg. Days On Market

47

# of Sold Homes

939

561 Formwalt St Unit 7 vs Atlanta

91 DAYS ON ROCKET

+44 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: First Multiple Listing Service
  • MLS Number: #7457119

Listing Office:

  • Office Name: Virtual Properties Realty.com
  • Office Phone: (770) 495-5050
  • Listing Agent: Jacqueline Boone

IDX Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please Click Here to review our DMCA and learn how to submit a takedown request. Information is deemed reliable but is not guaranteed. © 2024 First Multiple Listing Service, Inc.

IDX Provided by Rocket Homes Real Estate, LLC
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, 11:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$1,141

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$513

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-4263445
3
/10
  • Dunbar Elementary School

  • 500 Whitehall Ter SW

  • 0.37 miles

  • Public District Grades PK-5

school-card-donut-4263446
4
/10
  • Gideons Elementary School

  • 897 Welch St SW

  • 0.84 miles

  • Public District Grades PK-5

school-card-donut-4263447
4
/10
  • Barack & Michelle Obama Academy

  • 970 Martin St SE

  • 1.07 miles

  • Public District Grades PK-5

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. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 561 Formwalt St Unit 7

What is the listing price of this property?

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

What type of property is this?

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

Is this property for sale now?

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

How many bedrooms and bathrooms does this property have?

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

What is the square footage of this property?

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

Which year was this property built?

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

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

This home is located at 561 Formwalt St 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 17, 2024 and is currently priced at $148,900.

Over 147 listings were sold over their listed price in November 2024 in Atlanta, GA. In the same period over 559 listings were sold below the listed price and 188 listings were sold for the listed price. 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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