This home's estimate is 48.1% higher than the average sale price ($117K) of 6 comparable homes.
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- Sale & tax history
- Property details
- Neighborhood
571 Formalt St #4, Atlanta, GA 30312
About this home
**Back on the 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!

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Market trends in Mechanicsville, GA
Last updated October 2026
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Provided by Redfin
Sale history for 571 Formalt St #4
Tax history for 571 Formalt St #4
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Property details
Parking
- Parking Information
- Parking Total: 0
- Parking Features: None
Interior
- Heating & Cooling
- Has Heating
- Heating: Central, Forced Air, Natural Gas
- Has Cooling
- Cooling: Central Air
- Interior Features
- Living Area Units: Square Feet
- Above Grade Finished Area Units: Square Feet
- Below Grade Finished Area Units: Square Feet
- Levels: One
- Fireplaces Total: 0
- Room Information
- Basement: None
Exterior
- Exterior Features
- Construction Materials: Brick
- Property Information
- Property Condition: Resale
- Property Type: Residential Income
- Property Sub Type: Multi Family
- Structure Type: Other
- Gross Income: 0
- Lot Information
- Lot Size Area: 609.84
- Lot Size Units: Square Feet
- Lot Size Square Feet: 609.84
- Lot Size Acres: 0.014
- Lot Size Source: Public Records
- Building Information
- Year Built: 1961
- Building Area Units: Square Feet
Financial
- Tax Information
- Parcel Number: 14 007600101352
- Tax Annual Amount: 2559
- Tax Year: 2023
- Financial Information
- Buyer Financing: Cash
Utilities
- Utility Information
- Water Source: Public
- Sewer: Public Sewer
- Utilities: Other
- Electric Expense: 0
- Fuel Expense: 0
Location
- Multi-Unit Information
- Number Of Units Total: 0
- Other Expenses
- Maintenance Expense: 0
- HOA Information
- Has Association
- Association Fee: 3960
- Association Fee Includes: Maintenance Grounds
- School Information
- Elementary School: Dunbar
- Middle Or Junior School: King
- High School: MH Jackson Jr
- Location Information
- Unparsed Address: 571 Formalt Street # 4, Atlanta GA 30312
- Unit Number: 4
- City: Atlanta
- County Or Parish: Fulton
- State Or Province: GA
- PostalCode: 30312
- Country: US
- Subdivision Name: Capitol City Square Condos
- Coordinates: -84.39596739999999,33.7391877
- Directions: Take 75/85 to MLK Jr Dr, exit west. Take left on Pryor street, right on Crumley street, the left on Formwalt.
- Community Information
- Community Features: Gated, None
Public facts
- Beds: 1
- Baths: 1.0
- Sq. Ft.: 620
- Stories: 1.0
- Lot Size: —
- Style: Condo/Co-op
- Year Built: 1961
- Year Renovated: 2005
- County: Fulton County
- APN: 14 007600101352
Other
- Miscellaneous Information
- Photos Count: 12
- Listing Information
- Listing Terms: Cash, Conventional, FHA
- List Price: 150000
- Search Price: 143000
- Close Price: 143000
- Listing Id: 10409902
- Original List Price: 150000
- Listing Date Information
- On Market Date: 2024-11-08
- Close Date: 2025-01-15
- Listing Contract Date: 2024-11-08
- Purchase Contract Date: 2025-01-02
- Return To Market Date: 2024-11-26
- Off Market Date: 2025-01-02
About this building
Unit Information Not Available
There aren't any units for sale in this building.
Around this home
Schools
- K - 12
- Preschool & daycare
Public PreK-5 • Assigned • 0.3mi
Public 6-8 • Assigned • 0.9mi
Public 9-12 • Assigned • 2.0mi
Lifestyle
Provided by Walk Score and Local Logic
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.
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Home values near 571 Formalt St #4
| Address | Redfin Estimate |
|---|---|
1 Beds | 1 Baths | 587 Sq. Ft. | $124,398 |
2 Beds | 1 Baths | 620 Sq. Ft. | $140,810 |
3 Beds | 1 Baths | 1120 Sq. Ft. | $188,438 |
2 Beds | 1 Baths | 588 Sq. Ft. | $140,477 |
2 Beds | 1 Baths | 620 Sq. Ft. | $136,821 |
1 Beds | 1 Baths | 588 Sq. Ft. | $138,736 |
2 Beds | 1 Baths | 620 Sq. Ft. | — |
| Address | Redfin Estimate |
|---|---|
1 Beds | 1 Baths | 588 Sq. Ft. | $131,198 |
2 Beds | 1 Baths | 587 Sq. Ft. | $137,317 |
2 Beds | 1 Baths | 620 Sq. Ft. | $138,627 |
2 Beds | 1 Baths | 584 Sq. Ft. | $130,258 |
2 Beds | 1 Baths | 583 Sq. Ft. | $138,395 |
2 Beds | 1 Baths | - Sq. Ft. | $123,218 |
2 Beds | 1 Baths | 618 Sq. Ft. | $140,952 |
| Address | Redfin Estimate |
|---|---|
2 Beds | 1 Baths | 620 Sq. Ft. | $122,639 |
1 Beds | 1 Baths | 583 Sq. Ft. | $132,773 |
2 Beds | 1 Baths | 588 Sq. Ft. | $105,167 |
2 Beds | 1 Baths | 620 Sq. Ft. | $97,740 |
2 Beds | 1 Baths | 583 Sq. Ft. | $137,291 |
1 Beds | 1 Baths | 582 Sq. Ft. | $130,224 |
2 Beds | 1 Baths | 583 Sq. Ft. | $134,987 |
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.More real estate resources
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