1 month on rocket

562 Formwalt St SW Unit 5, Atlanta, GA, 30312

$199,900

Home List Price

$2,374*

Closing Credit

1 Bedroom
1 Full Bath
576 SqFt
$347/SqFt
Condo

Location

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562 Formwalt St SW Unit 5, Atlanta$199,900

Buyer Closing Credits

$2,374*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingOff Street
Year Built1961
HeatingCentral, Heat Pump
CoolingCentral Air, Electric
ViewCity
MLS #10411205
Lot Size0.01 Acres
StatusActive

About 562 Formwalt St SW Unit 5

Perfect one-bedroom condo for investors and first-time buyers! NO RENTAL RESTRICTIONS! This small but gorgeous gem features real hardwood floors, exposed brick walls, and modern finishes. The kitchen boasts granite countertops, stainless steel appliances, and a breakfast bar. Enjoy the convenience of in-unit laundry. Relax on your private deck and take advantage of included off-street parking. Close to GA State, the Capital, Mercedes-Benz Stadium, the airport, I-75/85, and downtown, this condo offers quintessential in-town living with great views. Explore new dining options in nearby Summerhill and shop at the new Publix just minutes away. Don't miss out on this fantastic opportunity!

Property Details

Property Features

Property Information:

  • Architectural Style: Brick 4 Side, European
  • Year Built: 1961
  • Living Area: 576 SqFt

Listing Office:

  • Office Name: Compass
  • Listing Agent: Jennifer L Engel

Interior Features

Interior Information:

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

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • View: City
  • Exterior: Other

Parking Information:

  • Attached Garage: No
  • Parking: Off Street

Lot Features

Lot Information:

  • Lot: Other
  • Lot Size: 0.01 Acres

Utilities

Utilities Information:

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

Other

Directions Information:

  • Directions: Please use GPS.

Price Information

Listing Price Info

Price Summary:

  • List Price: $199,900
  • Price Per SqFt: $347/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

562 Formwalt St SW Unit 5 vs Atlanta

36 DAYS ON ROCKET

-11 Days

$199,900

-$221.9K Less

$347/SqFt

+$95 More

KEY TAKEAWAY

This property is $221.9K less than the Median Sold Price and $95/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: #10411205

Listing Office:

  • Office Name: Compass
  • Listing Agent: Jennifer L Engel

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: 12/18/2024, 7:20:59 AM 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

$1,065

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$666

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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-4431180
3
/10

  • Dunbar Elementary School

  • 500 Whitehall Ter SW

  • 0.36 miles

  • Public District Grades PK-5

school-card-donut-4431181
4
/10

  • Gideons Elementary School

  • 897 Welch St SW

  • 0.82 miles

  • Public District Grades PK-5

school-card-donut-4431182
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. The majority of Atlanta, GA residents have income 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 562 Formwalt St SW Unit 5

What is the listing price of this property?

The listing price of 562 Formwalt St SW Unit 5 property is $199,900.

What type of property is this?

The property 562 Formwalt St SW Unit 5 is a condo located in Atlanta, Georgia, 30312.

Is this property for sale now?

Active Listing: 562 Formwalt St SW Unit 5 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 562 Formwalt St SW Unit 5 has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 562 Formwalt St SW Unit 5 is 576 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 562 Formwalt St SW Unit 5 is 1961.

Rocket Homes›Georgia›Fulton County›Atlanta›30312›562 Formwalt St SW Unit 5

This home is located at 562 Formwalt St SW Unit 5 in Atlanta, GA and zip code 30312 in the Southwestern Atlanta neighborhood. This 576 square foot home, which was built in 1961, sits on a 0.01 acre lot. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since November 11, 2024 and is currently priced at $199,900.

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%. Listings spent 47 days on the market in November 2024, and had a median list price of $421,834 during the same period.

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

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