tomo logo

$150,000

Beds
2
Baths
1.0
sq ft
620

571 Formwalt St SW Unit 4, Atlanta, GA 30312

571 Formwalt St SW Unit 4

Atlanta, GA 30312

  • 50 days on market
**Back on 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!

Details

Property type

Condominium

Est. home value

$173,431

Lot size

610 sq ft

Price per sq ft

$242

Year built

1961

Annual property taxes

$2,559

Monthly HOA fee

$330

Price History

11/06/2024
FMLS

FMLS #7465093

Price change
$150,000
+2.04%
10/04/2024
FMLS

FMLS #7465093

Pending
$147,000
10/02/2024
FMLS

FMLS #7465093

Listed
$147,000
-8.7%

Schools & Community

Neighborhood: 

Mechanicsville

Elementary school: 

Paul L. Dunbar

Middle school: 

Martin L. King Jr.

High school: 

Maynard Jackson

Community features: 

Gated

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

-$2,746
Asking price
$150,000
Closing costs (~8% of asking)
-$12,000
Est. remaining loan balance
-$140,746
Cash to seller
-$2,746

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

Seller’s Loan History

Lender

Everett Financial

Loan start date

October 2022

Original loan amount

$144,900

Est. remaining balance

$140,746

Interest rate

5.55%

Loan type

New Conventional, 30 year

Seller

Jayla Whitfield

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?

Similar Homes Nearby

FMLS
$148,900
2 bd
|
1 ba
|
582 sq ft
|
Condo

561 Formwalt St SW Unit 7, Atlanta, GA 30312

Price drop
FMLS
$153,000
2 bd
|
1 ba
|
620 sq ft
|
Condo

561 Formwalt St SW Unit 10, Atlanta, GA 30312

GeorgiaMLS
$170,000
2 bd
|
1 ba
|
768 sq ft
|
House

362 Roy St SW, Atlanta, GA 30310

Status: Active

Tomo last checked: 11/22/2024 at 5:00 AM

Listing updated: 11/12/2024 at 11:03 AM

Listed by: Charlene Collier, Keller Williams Realty West Atlanta Phone #: (470) 907-8266

MLS: FMLS #7465093

FMLS logo

Recently listed in Atlanta

$820,000|5 bd|3.0 ba|House
$538,880|5 bd|3.0 ba|House
$375,000|2 bd|1.5 ba|Condo
$285,000|1 bd|1.0 ba|Condo
$400,000|3 bd|2.0 ba|House
$1,395,000|6 bd|6.5 ba|House
$400,000|3 bd|2.5 ba|Condo
$287,000|3 bd|1.0 ba|House
$199,900|3 bd|1.0 ba|House