9 days on rocket

571 Formalt St Unit 4, Atlanta, GA, 30312

$150,000

Home List Price

$1,781*

Closing Credit

0 Baths
Multi

Location

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571 Formalt St Unit 4, Atlanta$150,000

Buyer Closing Credits

$1,781*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingNone
Year Built1961
HeatingCentral, Forced Air, Natural Gas
CoolingCentral Air
MLS #10409902
Lot Size0.01 Acres
StatusActive
(New)

About 571 Formalt St Unit 4

**Back on the market due to no fault of the Seller** Welcome to this exceptional 2 bedroom, 1 bath condominium in the heart of Downtown Atlanta. This property is ideal for investors looking to expand their portfolio with a high-demand rental opportunity in a prime location or a first-time homebuyer looking to purchase in the heart of the city! This condo combines modern updates with historic charm. The kitchen boasts exposed brick, granite countertops, and stainless steel appliances, making it a stylish and functional space. Just off the kitchen, enjoy a private deck-perfect for relaxing or entertaining. The property offers secured parking and key card access, ensuring privacy and security. With its proximity to Downtown amenities, major highways, and public transit, this condo provides unparalleled convenience for tenants or future buyers. Don't miss out on this incredible investment opportunity in one of Atlanta's most sought-after locations!

Property Details

Property Features

Property Information:

  • Year Built: 1961

Listing Office:

  • Office Name: Keller Williams West Atlanta
  • Listing Agent: Charlene Collier

Interior Features

Interior Information:

  • Basement: No

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: None

Lot Features

Lot Information:

  • Lot Size: 0.01 Acres

Utilities

Utilities Information:

  • Heating: Central, Forced Air, Natural Gas
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Take 75/85 to MLK Jr Dr, exit west. Take left on Pryor street, right on Crumley street, the left on Formwalt.

Price Information

Listing Price Info

Price Summary:

  • List Price: $150,000
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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

$421.4K

Med. Price/SqFt

$253

Avg. Days On Market

49

# of Sold Homes

1106

571 Formalt St Unit 4 vs Atlanta

9 DAYS ON ROCKET

-40 Days

$150,000

-$271.4K Less

KEY TAKEAWAY

This property is $271.4K less than the Median Sold Price in Atlanta, GA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Georgia MLS 2
  • MLS Number: #10409902

Listing Office:

  • Office Name: Keller Williams West Atlanta
  • Listing Agent: Charlene Collier

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: 11/17/2024, 5:20:52 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

$816

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$516

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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-529782
3
/10

  • Dunbar Elementary School

  • 500 Whitehall Ter SW

  • 0.35 miles

  • Public District Grades PK-5

school-card-donut-529783
4
/10

  • Gideons Elementary School

  • 897 Welch St SW

  • 0.81 miles

  • Public District Grades PK-5

school-card-donut-529784
4
/10

  • Barack & Michelle Obama Academy

  • 970 Martin St SE

  • 1.08 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. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Georgia›Fulton County›Atlanta›30312›571 Formalt St Unit 4

This home is located at 571 Formalt St Unit 4 in Atlanta, GA and zip code 30312 in the Southwestern Atlanta neighborhood. This home, which was built in 1961, sits on a 0.01 acre lot. It has been listed on Rocket Homes since November 08, 2024 and is currently priced at $150,000.

Atlanta, GA housing market in October 2024 saw over 184 listings sold above listed price, more than 249 sold at listed price and over 591 sold below. The number of listings in Atlanta, GA increased by 15.6% between September 2024 and October 2024. While the average time on the market in October 2024 was 49 days, the median list price was $421,449.

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

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