4 months on rocket

592 Formwalt St SW, Atlanta, GA, 30312

$185,000

Home List Price

$2,197*

Closing Credit

2 Bedrooms
1 Full Bath
House

Location

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592 Formwalt St SW, Atlanta$185,000

Buyer Closing Credits

$2,197*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingNone
Year Built1920
HeatingNone
CoolingNone
ViewCity
MLS #10346911
Lot Size0.18 Acres
StatusActive

About 592 Formwalt St SW

592 Formwalt St. is a fixer or tear down. The Zoning is SPI-18, similar to R-5, it allows the property to be rebuilt as 2 connected homes, each of which can be conveyed, sold, separately as 2 fee simple townhomes. See similar projects across the street and on Eugenia street. Complete Survey and Architectural plans available. Previous 2023 buyer had plans that called for (2) 4bedroom/3 bath townhomes on 3 levels, each!. Seller is not distressed. Title work took over a year to clear due to Fulton County, but is now ready for a new Builder to purchase! Publix in Summerhill is close by!

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow/Cottage
  • Year Built: 1920

Listing Office:

  • Office Name: Keller Knapp, Inc
  • Office Phone: (404) 441-2370
  • Listing Agent: Tom Atkinson

Interior Features

Interior Information:

  • Appliances: Other
  • Basement: No
  • Flooring Type: Hardwood
  • Interior: Other

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • View: City

Parking Information:

  • Attached Garage: No
  • Parking: None

Lot Features

Lot Information:

  • Lot: City Lot
  • Lot Size: 0.18 Acres

Utilities

Utilities Information:

  • Heating: None
  • Cooling: None

Other

Directions Information:

  • Directions: Gps Friendly

Price Information

Listing Price Info

Price Summary:

  • List Price: $185,000

Tax Information:

  • Annual Amount: $1,292
  • Tax Year: 2020
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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

592 Formwalt St SW vs Atlanta

144 DAYS ON ROCKET

+97 Days

$185,000

-$236.8K Less

KEY TAKEAWAY

This property is $236.8K 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: #10346911

Listing Office:

  • Office Name: Keller Knapp, Inc
  • Office Phone: (404) 441-2370
  • Listing Agent: Tom Atkinson

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

Listing History

Aug 25, 2016Home Sold
$20,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,292$31,200
2019$912$22,200
2017$346$8,000

History based on county public records data.

Payment Calculator

$991

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$621

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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-4443891
3
/10

  • Dunbar Elementary School

  • 500 Whitehall Ter SW

  • 0.39 miles

  • Public District Grades PK-5

school-card-donut-4443892
4
/10

  • Gideons Elementary School

  • 897 Welch St SW

  • 0.80 miles

  • Public District Grades PK-5

school-card-donut-4443893
4
/10

  • Barack & Michelle Obama Academy

  • 970 Martin St SE

  • 1.03 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. Residents of Atlanta, GA typically earn less than $35k each year. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 592 Formwalt St SW

What is the listing price of this property?

The listing price of 592 Formwalt St SW property is $185,000.

What type of property is this?

The property 592 Formwalt St SW is a house located in Atlanta, Georgia, 30312.

Is this property for sale now?

Active Listing: 592 Formwalt St SW is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,292 (source: MLS/based on county public records data).

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

The last sale was on August 25, 2016 for $20,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 592 Formwalt St SW has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The sq. ft. of 592 Formwalt St SW is not available (source: MLS/tax record).

Which year was this property built?

The year of construction for 592 Formwalt St SW is 1920.

Rocket Homes›Georgia›Fulton County›Atlanta›30312›592 Formwalt St SW

This home is located at 592 Formwalt St SW in Atlanta, GA and zip code 30312 in the Southwestern Atlanta neighborhood. This home, which was built in 1920, sits on a 0.18 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since July 26, 2024 and is currently priced at $185,000.

In November 2024, from all listings sold in Atlanta, GA there were more than 147 sold above asking price, over 559 sold below and more than 188 were sold right at the asked price. The inventory of homes for sale in Atlanta, GA between October 2024 and November 2024 increased by 5.4%. In November 2024, listings were on the market for 47 days. During the same period, the median list price in this real estate market was $421,834.

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

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