10 unit bank owned vacant 2 bedroom 1 bath complex needs full rehab. Cash offers only, 2 story, 5 up, 5 down. All brick on corner lot, shares parking with 8 unit complex. Coded lock box to view one unit, all others are boarded up. See private remarks for code
Multi-familyProperty Type
1968Year Built
0.26 acresLot Size
Listed by Ray Sans• Harris Real Estate Services
Bought with Ramond Withers• Solid Source Realty Inc.
10 unit bank owned vacant 2 bedroom 1 bath complex needs full rehab. Cash offers only, 2 story, 5 up, 5 down. All brick on corner lot, shares parking with 8 unit complex. Coded lock box to view one unit, all others are boarded up. See private remarks for code
GAMLS #7078628
Jun 1, 2013
Price Changed
$66,000
May 8, 2013
Sold
$66,000
Apr 24, 2013
Pending
—
Apr 24, 2013
Price Changed
$69,000
Apr 9, 2013
Listed
$69,000
Public Records
Mar 27, 2007
Sold
$375,000
Year
Property tax
Land + Additions
Assessment*
2025
$20,333 (+202.3%)
$60,000 + $437,040
$497,040
2024
$6,727
$60,000 + $104,320
$164,320
2023
$6,729 (+1.2%)
$60,000 + $104,320
$164,320
2022
$6,650
$60,000 + $104,320
$164,320
2021
$6,657 (+250.2%)
$60,000 + $104,320
$164,320
2020
$1,901 (−0.3%)
$34,400 + $12,000
$46,400
2019
$1,907 (−0.8%)
$34,400 + $12,000
$46,400
2018
$1,921 (+46.3%)
$34,400 + $12,000
$46,400
2017
$1,313 (+14.9%)
$34,400 + $12,000
$46,400
2016
$1,143 (−0.3%)
$18,400 + $12,000
$30,400
2015
$1,146 (−4.3%)
$14,400 + $12,000
$26,400
2014
$1,197 (−80.3%)
$14,400 + $12,000
$26,400
2012
$6,087
$60,000 + $77,000
$137,000
2011
$6,088 (+14.4%)
$60,000 + $77,000
$137,000
2010
$5,323 (−15.0%)
$60,000 + $81,800
$141,800
2009
$6,263
$60,000 + $81,800
$141,800
2008
$6,263
$60,000 + $81,800
$141,800
Tax history for 457 Formwalt St
Year
Property tax
Land + Additions
Assessment*
2025
$20,333 (+202.3%)
$60,000 + $437,040
$497,040
2024
$6,727
$60,000 + $104,320
$164,320
2023
$6,729 (+1.2%)
$60,000 + $104,320
$164,320
2022
$6,650
$60,000 + $104,320
$164,320
2021
$6,657 (+250.2%)
$60,000 + $104,320
$164,320
2020
$1,901 (−0.3%)
$34,400 + $12,000
$46,400
2019
$1,907 (−0.8%)
$34,400 + $12,000
$46,400
2018
$1,921 (+46.3%)
$34,400 + $12,000
$46,400
2017
$1,313 (+14.9%)
$34,400 + $12,000
$46,400
2016
$1,143 (−0.3%)
$18,400 + $12,000
$30,400
2015
$1,146 (−4.3%)
$14,400 + $12,000
$26,400
2014
$1,197 (−80.3%)
$14,400 + $12,000
$26,400
2012
$6,087
$60,000 + $77,000
$137,000
2011
$6,088 (+14.4%)
$60,000 + $77,000
$137,000
2010
$5,323 (−15.0%)
$60,000 + $81,800
$141,800
2009
$6,263
$60,000 + $81,800
$141,800
2008
$6,263
$60,000 + $81,800
$141,800
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
2
Baths
1
Stories
2
Lot width
—
Lot depth
—
Lot size
11,325
Year renovated
2011
Sq. Ft.
5,670
Year built
1968
Style
Multi-Family (5+ Unit)
County
Fulton County
APN
14 007600041392
Parking Spaces
—
Basement
No
Accessible
No
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jan 29, 2025.
SPI-18 SA1
Mechanicsville Neighborhood Special Public Interest District - Subarea 1: Mechanicsville Mixed-Use
The intent of the council in establishing SPI-18 Mechanicsville Neighborhood Special Public Interest District as a zoning district is as follows: Create a diversified city where people across the spectrum of age, income, ethnicity, and culture can live, work, shop, meet, and play; Improve the aesthetics of streets and the built environment; Ensure through the administration of specific standards and criteria that new housing achieve architectural, site and street design consistent with the existing historic built environment. Protect the historic character of the single-family residential areas; Facilitate safe, pleasant, and convenient sidewalk-level pedestrian circulation that minimizes impediments by vehicles; Promote public safety through the provision of pedestrian-oriented street-level uses, sufficient sidewalk widths, adequate visibility from adjacent buildings and primary pedestrian access from buildings to adjacent sidewalks; Ensure pedestrian-oriented building forms which are compatible with the scale, character and needs of the neighborhood; Encourage a grid of connected streets to improve access and reduce congestion: Facilitate safe and convenient bicycle usage; Encourage a compatible mixture of residential, commercial, cultural and recreational uses; Promote an appropriate balance and scale of commercial uses which meet the needs of nearby residents; Encourage infill and rehabilitation development within traditionally commercial areas that include proportionately significant residential uses; Place reasonable controls on the development of larger scale highway-oriented retail, service, office and dining uses which are intended to serve larger areas of the city than a single neighborhood or a small group of neighborhoods; Encourage owner occupancy and retention of single-family residential structures compatible with the character of the Mechanicsville residential neighborhood while permitting two-family and multi-family housing in appropriate locations; Provide a range of housing types and prices to meet different housing needs; Prevent encroachment of incompatible commercial uses and minimize commercial parking in residential subareas; Provide accessible and sufficient parking in an unobtrusive manner; Reduce parking requirements by encouraging shared parking and alternative modes of transportation; Provide sufficient, safe and accessible parks, plazas and greenways for active and passive enjoyment; and Improve the quality of air and water through provisions for the planting of trees, bicycle parking and an urban form that reduces the need to drive.
Permitted uses
Include but are not limited to:
Gas station
Bank
Day care facility
Laundromat
General retail
Retail-Grocery
Restaurant
Housing-Single unit
Housing-Multiple units
Office
Property details
Interior
Heating & Cooling
Has Heating
Heating: Other, None
Has Cooling
Cooling: Other, None
Interior Features
Living Area Units: Square Feet
Above Grade Finished Area Units: Square Feet
Below Grade Finished Area Units: Square Feet
Levels: Two
Fireplaces Total: 0
Multi-Unit Information
Number Of Units Total: 10
Exterior
Exterior Features
Construction Materials: Brick
Property Information
Property Condition: Resale
Property Type: Residential Income
Property Sub Type: Multi Family
Structure Type: Multi Family
Gross Income: 0
Lot Information
Lot Size Area: 11325.6
Lot Size Square Feet: 11325.6
Lot Size Acres: 0.26
Lot Size Source: Public Records
Building Information
Year Built: 1968
Building Area Units: Square Feet
Financial
Tax Information
Parcel Number: 14 007600041392
Tax Annual Amount: 6088
Tax Year: 2011
Financial Information
Buyer Financing: Cash
Utilities
Utility Information
Water Source: Public
Electric Expense: 0
Fuel Expense: 0
Location
Other Expenses
Maintenance Expense: 0
HOA Information
Association Fee: 0
School Information
Elementary School: Cook
Middle Or Junior School: Coretta Scott King
High School: Riverwood
Location Information
Unparsed Address: 457 Formwalt Street, Atlanta GA 30312-2685
State Or Province: GA
PostalCode: 30312-2685
Country: US
Subdivision Name: None
Coordinates: -84.3960688,33.742375
Directions: Connector to Fulton Street (Turner Field) to Formwalt, at corner
Public facts
Beds: 2
Baths: 1.0
Sq. Ft.: 5,670
Stories: —
Parking Spaces: —
Basement: No
Accessible: No
Lot Size: 0.26 acres
Style: Multi-Family (5+ Unit)
Year Built: 1968
Year Renovated: 2011
County: Fulton County
APN: 14 007600041392
HOA Dues: —
Garage: —
Features: —
Home facts updated by owner on Jan 29, 2025
Other
Miscellaneous Information
Photos Count: 10
Listing Information
List Price: 69000
Search Price: 66000
Close Price: 66000
Listing Id: 7078628
Original List Price: 69000
Listing Date Information
On Market Date: 2013-04-09
Close Date: 2013-05-08
Due Diligence Date: 2013-04-26
Purchase Contract Date: 2013-04-24
Off Market Date: 2013-04-24
Around this home
Schools
Dunbar Elementary School
Public PreK-5 • Assigned • 0.3mi
4/10
King Middle School
Public 6-8 • Assigned • 0.9mi
5/10
Maynard H. Jackson- Jr. High School
Public 9-12 • Assigned • 2.0mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 103° expected this year, 18 days in 30 years
4/10 Wind Factor
22% chance of strong winds in next 30 years
4/10 Air Factor
4 unhealthy days expected this year, 6 days in 30 years
Provided by First Street
Historical weather
Atlanta, GA • 30312-2685
Average low and high temperatures (°F)
51
34
61
42
72
50
78
57
79
63
87
70
91
75
84
70
85
68
76
57
67
50
57
40
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.4 hours in
June and 5 hours in December, which is comparable to the
U.S. average for solar exposure.