Your opportunity to own a piece of Atlanta starts here! No HOA rental restrictions! Whether you're looking to expand your investment portfolio or purchase your first home, this 1-bedroom, 1-bath condo offers exceptional flexibility in the heart of Atlanta. Enjoy a functional layout and low-maintenance living just minutes from Downtown Atlanta, Mercedes-Benz Stadium, State Farm Arena, Georgia State University, the Georgia State Capitol, major interstates, restaurants, and entertainment. Whether you're planning to live in it or lease it, this is an incredible opportunity to own a piece of one of Atlanta's fastest-growing areas.
CondoProperty Type
1961Year Built
566 sq ftLot Size
$217Price/Sq.Ft.
$300/moHOA Dues
Listed by Melissa Love• Serhant Georgia, LLC
Contact: 404-798-5930
Bought with Melissa Love• Serhant Georgia, LLC
Source:FMLS #7801572
Redfin Estimate
$125,793
$793 since sold in August 2026$0 since August
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 28.1% higher than the average sale price ($98K) of 6 comparable homes.
Est. $1,772 per month, based on comparable rentals
Sale and tax history for 562 Formwalt St #4
Sale History
Tax History
Date
Event
Price
FMLS #7801572
Aug 28, 2026
Sold
$125,000
$217/sq ft
Jul 23, 2026
Pending
—
Jul 7, 2026
Listed
$125,000
$217/sq ft
GAMLS #10800605
Aug 28, 2026
Sold
$125,000
$217/sq ft
Jul 23, 2026
Pending
—
Jul 7, 2026
Listed
$125,000
$217/sq ft
Your opportunity to own a piece of Atlanta starts here! No HOA rental restrictions! Whether you're looking to expand your investment portfolio or purchase your first home, this 1-bedroom, 1-bath condo offers exceptional flexibility in the heart of Atlanta. Enjoy a functional layout and low-maintenance living just minutes from Downtown Atlanta, Mercedes-Benz Stadium, State Farm Arena, Georgia State University, the Georgia State Capitol, major interstates, restaurants, and entertainment. Whether you're planning to live in it or lease it, this is an incredible opportunity to own a piece of one of Atlanta's fastest-growing areas.
GAMLS #10512221
Jul 17, 2025
Rental Removed
—
May 1, 2025
Listed for Rent
—
FMLS #7561235
Jul 16, 2025
Listing Removed
—
May 1, 2025
Listed
$175,000
$304/sq ft
FMLS #6612151
Oct 11, 2019
Sold
$93,000
$161/sq ft
Sep 26, 2019
Pending
—
Sep 19, 2019
Price Changed
$99,500
$173/sq ft
Sep 4, 2019
Listed
$100,000
$174/sq ft
GAMLS #8653154
Oct 9, 2019
Sold
$93,000
$161/sq ft
Sep 26, 2019
Pending
—
Sep 19, 2019
Price Changed
$99,500
$173/sq ft
Sep 4, 2019
Listed
$100,000
$174/sq ft
GAMLS #8141042
Sep 13, 2017
Sold
$65,000
$113/sq ft
Aug 25, 2017
Pending
—
Aug 8, 2017
Relisted
—
Jun 14, 2017
Pending
—
Jun 1, 2017
Relisted
—
Jun 1, 2017
Listing Removed
—
Feb 24, 2017
Listed
$65,000
$113/sq ft
FMLS #5809916
Sep 13, 2017
Sold
$65,000
$113/sq ft
Aug 25, 2017
Contingent
—
Aug 10, 2017
Relisted
—
Jun 14, 2017
Contingent
—
Jun 1, 2017
Relisted
—
Jun 1, 2017
Listing Removed
—
Feb 24, 2017
Listed
$65,000
$113/sq ft
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
—
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Condo/Co-op
County
Fulton County
APN
—
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Apr 11, 2023.
SPI-18 SA4
Mechanicsville Neighborhood Special Public Interest District - Subarea 4: Multi-Family
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.
Kitchen Features: Eat-in Kitchen,View to Family Room
Dining Room Features: Other
Room Type: Family Room, Loft
Exterior
Property Information
Levels: One
Above Grade Finished Area: 576
Construction Materials: Brick, Brick 3 Sides
Roof: Composition
Patio And Porch Features: Front Porch
Property Condition: Resale
Ownership: Condominium
Lot Information
Waterfrontage Length: 0
TaxLegalDescription: public records
Financial
Financial Information
Buyer Financing: Cash
Utilities
Utility Information
Cooling: Central Air
Heating: Central
Water Source: Public
Electric: 220 Volts
Sewer: Public Sewer
Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
Location
Multi-Family Information
# Of Units To Be Built: 0
# Of Units In Community: 8
HOA Information
Association Fee: $300
Association Fee Frequency: Monthly
Association Fee2 Frequency: Monthly
Association Fee Includes: Maintenance Grounds, Pest Control, Sewer, Termite, Trash, Water
Has Association
School Information
Elementary School: Paul L. Dunbar
Middle Or Junior School: Martin L. King Jr.
High School: Maynard Jackson
Location Information
Directions: Use GPS.
Fulton - GA
Community Information
Community Features: Homeowners Assoc, Near Beltline, Near Public Transport, Near Schools, Near Trails/Greenway, Public Transportation, Restaurant, Sidewalks, Street Lights
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Condo/Co-op
Year Built: —
Year Renovated: —
County: Fulton County
APN: —
Home facts updated by county records on Apr 11, 2023
Around this home
Schools
Dunbar Elementary School
Public PreK-5 • Assigned • 0.4mi
4/10
King Middle School
Public 6-8 • Assigned • 0.9mi
5/10
Maynard H. Jackson- Jr. High School
Public 9-12 • Assigned • 1.9mi
6/10
Provided by GreatSchools
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
Average low and high temperatures (°F)
51
34
61
42
72
50
78
57
79
63
87
70
91
75
84
70
84
68
76
57
67
50
57
40
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
91/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 25% for direct sun exposure in Atlanta. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.9 hrs
5.7 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$120,000 – $145,000
Sell confidently with a local market expert in Atlanta.
Property information provided by GAMLS when last listed in 2025. This data may not match public records. Learn more.
Listing agent: MyTrinh Pham (7042948988)
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than Redfin are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2026 Georgia MLS. All rights reserved.