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$148,000

Beds
2
Baths
1.0
sq ft
620

561 Formwalt St SW Unit 10, Atlanta, GA 30312

561 Formwalt St SW Unit 10

Atlanta, GA 30312

  • 19 days on market
Prime investor special in the heart of downtown Atlanta! This Move-in ready, Renovated Corner Unit boasts 2 beds and 1 bath with all New appliances, new water heater, updated bathroom, fresh paint throughout, and EV Charging station. With a low monthly HOA, this unit has a transferrable Rental Permit or it's perfect for an owner occupant who wants to be close to downtown entertainment, interstates, or shopping. Only 2 miles away from major attractions like Mercedes Stadium, State Farm Arena, Summerhill, & GSU Arena! Priced below appraised value, hurry this will go quick! No FHA

Details

Property type

Condominium

Est. home value

$167,110

Lot size

619 sq ft

Price per sq ft

$239

Year built

1961

Annual property taxes

$524

Monthly HOA fee

$330

Price History

12/02/2024
FMLS

FMLS #7492084

Listed
$148,000
+60%
01/18/2019
FMLS

FMLS #6097502

Sold
$92,500
+400%
12/13/2011
FMLS

FMLS #4250618

Sold
$18,500

Schools & Community

Neighborhood: 

Mechanicsville

Elementary school: 

Paul L. Dunbar

Middle school: 

Martin L. King Jr.

High school: 

Maynard Jackson

Community features: 

None

Number of units in community: 

24

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

City Oa Atlanta

Loan start date

January 2019

Original loan amount

$14,000

Est. remaining balance

$0

Interest rate

4.81%

Loan type

New Conventional, 5 year

Seller

Unknown

Lender

Vanderbilt Mortgage

Loan start date

January 2019

Original loan amount

$43,125

Est. remaining balance

$38,728

Interest rate

4.81%

Loan type

New Conventional, 30 year

Seller

Unknown

Lender

Housing Authority Of City Of Atlanta Geo

Loan start date

January 2019

Original loan amount

$20,000

Est. remaining balance

$9,201

Interest rate

4.25%

Loan type

New Conventional, 10 year

Seller

Unknown

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/22/2024 at 12:55 PM

Listing updated: 12/05/2024 at 2:35 PM

Listed by: Madeline Coffin, HomeSmart Phone #: (404) 876-4901

MLS: FMLS #7492084

FMLS logo

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