With its new lower price and outstanding value and location, this move-in ready two bedroom, one bathroom in the heart of Atlanta combines modern upgrades, timeless character, and an affordable opportunity for intown living. Ideal for first-time homebuyers or investors, students and professionals, this charming residence features original hardwood floors, a freshly painted interior, and thoughtful updates throughout. The bright, refreshed kitchen offers a brand new range and refrigerator, ample cabinet space, and plenty of natural light, creating a functional and welcoming space for everyday living. Well-maintained HVAC and appliances add peace of mind, while an EV charging station and a dedicated parking space inside the gated area provide added convenience. Enjoy low-maintenance living in a convenient intown location just minutes from Downtown Atlanta, Georgia State University, Summerhill, Mercedes-Benz Stadium, State Farm Arena, Centennial Olympic Park, the BeltLine, shopping, restaurants, parks, MARTA, and major interstates. Whether commuting to work, attending a game, or exploring Atlanta's vibrant dining and entertainment scene, you'll appreciate having so much close to home. Enjoy a lower price without compromising on location comfort or value! This condo presents an appealing opportunity for anyone seeking an affordable intown lifestyle with convenient access to Atlanta's business, entertainment, and cultural districts. Investors should verify leasing opportunities and restrictions directly with the homeowners association. Schedule your private showing today.
CondoProperty Type
1962Year Built
609 sq ftLot Size
$160Price/Sq.Ft.
$660/moHOA Dues
1 spaceParking
Listed by Leslie Rose• Berkshire Hathaway HomeServices Georgia Properties
Mechanicsville, located between Downtown Atlanta and the West End, is a historic and residential Atlanta neighborhood with a rail-lined edge and a grid of porch-front streets. The neighborhood’s character concentrates around the Georgia Avenue corridor near the Atlanta University Center, where corner stores, murals, and campus foot traffic set the tempo. Longtime pillars include the historic Pittsburgh Yards creative campus, the Atlanta University Center institutions, and the nearby Mercedes-Benz Stadium event scene. Housing reads as early-20th-century cottages and bungalows alongside newer infill. Sidewalk walks trace toward the BeltLine’s Westside Trail and the industrial blocks around University Avenue. MARTA rail at nearby stations keeps the geography connected to the city’s core.
Provided by Walk Score and Local Logic
Offer insights
561 Formwalt St SW #10 · $99,500
$100K and above
75% chance or better to win
Why $100K+ is a strong offer
DAYS ON MARKET
75 days
The average home goes pending in 82 days.
SALE-TO-LIST
96.9%
Most homes are selling 3% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Low-flow plumbing fixtures
Double-pane windows
One common wall
Bedrooms
2 bedrooms on the main level
Bathrooms
1 full bathroom on the main level
Kitchen
Stone counters
Dishwasher
Disposal
Electric oven
Microwave
Refrigerator
Laundry & utility
Laundry closet
Electric water heater
Flooring
Hardwood
Heating & cooling
Central electric heating
Central air conditioning
Ceiling fan
Exterior features
Balcony
Rear porch
Deck
Fenced
Home design
Condominium
One level
Parking
Parking lot
Electric vehicle charging station
1 parking space
Construction
Brick exterior
Composition roof
Brick and mortar foundation
Utilities
Public water
Public sewer
220-volt electric service
Electricity, phone, and cable available
HOA & community
24 units in the community
Monthly association fee includes insurance, grounds maintenance, pest control, reserve fund, security, sewer, termite service, trash, and water
Electricity and solar
View estimated energy costs and solar savings for this home
With its new lower price and outstanding value and location, this move-in ready two bedroom, one bathroom in the heart of Atlanta combines modern upgrades, timeless character, and an affordable opportunity for intown living. Ideal for first-time homebuyers or investors, students and professionals, this charming residence features original hardwood floors, a freshly painted interior, and thoughtful updates throughout. The bright, refreshed kitchen offers a brand new range and refrigerator, ample cabinet space, and plenty of natural light, creating a functional and welcoming space for everyday living. Well-maintained HVAC and appliances add peace of mind, while an EV charging station and a dedicated parking space inside the gated area provide added convenience. Enjoy low-maintenance living in a convenient intown location just minutes from Downtown Atlanta, Georgia State University, Summerhill, Mercedes-Benz Stadium, State Farm Arena, Centennial Olympic Park, the BeltLine, shopping, restaurants, parks, MARTA, and major interstates. Whether commuting to work, attending a game, or exploring Atlanta's vibrant dining and entertainment scene, you'll appreciate having so much close to home. Enjoy a lower price without compromising on location comfort or value! This condo presents an appealing opportunity for anyone seeking an affordable intown lifestyle with convenient access to Atlanta's business, entertainment, and cultural districts. Investors should verify leasing opportunities and restrictions directly with the homeowners association. Schedule your private showing today.
FMLS #7816222
Oct 22, 2026
Contingent
—
Oct 13, 2026
Price Changed
$99,500
$160/sq ft
Oct 1, 2026
Price Changed
$118,500
$191/sq ft
Sep 8, 2026
Price Changed
$127,000
$205/sq ft
Aug 10, 2026
Listed
$135,000
$218/sq ft
Aug 5, 2026
Coming Soon
$135,000
$218/sq ft
FMLS #7686424
Feb 19, 2026
Sold
$121,500
$196/sq ft
Feb 7, 2026
Pending
—
Jan 27, 2026
Contingent
—
Dec 19, 2025
Price Changed
$129,000
$208/sq ft
Nov 27, 2025
Listed
$138,500
$223/sq ft
GAMLS #10650254
Feb 19, 2026
Sold
$121,500
$196/sq ft
Jan 27, 2026
Contingent
—
Nov 27, 2025
Listed
$138,500
$223/sq ft
Holiday Special- Offering $4,000 in seller concessions! Welcome home to this beautifully updated 2-bedroom, 1-bath condo in the heart of Atlanta! Perfect for a first-time buyer, this move-in-ready unit blends modern updates with timeless charm, including original hardwood floors that add warmth and character the moment you walk in. Inside, you'll enjoy a freshly painted interior, an updated kitchen with a brand-new conduction stove and new refrigerator, and a refreshed bathroom with new vanity, toilet, and resurface shower/tub. All appliances have been regularly maintained and in great working order. Located just two miles from Atlanta's top attractions-including State Farm Arena, Mercedes-Benz Stadium, Summerhill, and GSU-you'll be close to everything: dining, entertainment, and major transportation hubs. Best of all, this home qualifies for Invest Atlanta down-payment assistance programs with grants up to $20,000, making ownership even more achievable.If you're dreaming of an affordable, updated home in a prime location-this is it. Welcome to your Atlanta beginning!