tomo logo

$149,000

Beds
2
Baths
1.0
sq ft
Unknown

561 Formwalt St SW Unit 12, Atlanta, GA 30312

561 Formwalt St SW Unit 12

Atlanta, GA 30312

  • 40 days on market
Location, location, location! Enjoy convenient living in the heart of Atlanta, just minutes from everything, including the Beltline, Mercedes Benz Stadium, Midtown, Downtown, Buckhead and Hartsfield-Jackson Airport. This immaculately maintained 2 bedroom / 1 bathroom condo is located inside of a gated community in a highly developing area. The kitchen has an exposed brick wall, stainless steel appliances, and granite countertops. There are hardwood floors throughout and a private rear deck for entertaining. Home comes fully furnished! This is a great option for safe city living at an affordable price. FHA, VA offers welcomed. Schedule a tour today!

Details

Property type

Condominium

Est. home value

$164,570

Lot size

588 sq ft

Price per sq ft

Unknown

Year built

1961

Annual property taxes

$2,324

Monthly HOA fee

$330

Price History

02/20/2025
FMLS

FMLS #7529482

Listed
$149,000
+10.37%
10/17/2022
FMLS

FMLS #7106952

Sold
$135,000
+64.63%
04/13/2016
GeorgiaMLS

GeorgiaMLS #7592563

Sold
$82,000
+333.86%

Schools & Community

Neighborhood: 

Mechanicsville

Elementary school: 

Paul L. Dunbar

Middle school: 

Parks

High school: 

Maynard Jackson

Number of units in community: 

1

Negotiation Insights

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

Seller could get up to

$40,372
Asking price
$149,000
Closing costs (~8% of asking)
-$11,920
Est. remaining loan balance
-$96,708
Cash to seller
$40,372

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Homexpress Mortgage

Loan start date

October 2022

Original loan amount

$100,000

Est. remaining balance

$96,708

Interest rate

5.66%

Loan type

New Conventional, 30 year

Seller

Jesika Olguin

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: 04/01/2025 at 12:10 PM

Listing updated: 02/25/2025 at 8:05 AM

Listed by: Amadi Mckenzie, Realty Hub, LLC Phone #: (888) 900-1801

MLS: FMLS #7529482

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