Back on the Market again! 592 Formwalt St. is a fixer or really a tear down. Its zoned for 2 lots - 25' wide each The Zoning is SPI-18, similar to R-5, it allows the property to be rebuilt as 2 connected homes, each of which can be conveyed, sold, separately as 2 fee simple townhomes. See similar projects across the street (591 and 593) and on Eugenia street. Complete Survey and Architectural plans available. Previous 2023 buyer had plans that called for (2) 4bedroom/3 bath townhomes on 3 levels, each!. Seller is not distressed. Publix in Summerhill is close by!
Single-familyProperty Type
1920Year Built
8,001 sq ftLot Size
$151Est. Price/Sq.Ft.
Listed by Tom Atkinson• Keller Knapp
Bought with Ryan Deal• EXP Realty, LLC.
Source:FMLS #7581275
Redfin Estimate
$150,460
$35K since sold in August 2025$9,000 since August
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 9.9% lower than the average sale price ($167K) of 6 comparable homes.
Back on the Market again! 592 Formwalt St. is a fixer or really a tear down. Its zoned for 2 lots - 25' wide each The Zoning is SPI-18, similar to R-5, it allows the property to be rebuilt as 2 connected homes, each of which can be conveyed, sold, separately as 2 fee simple townhomes. See similar projects across the street (591 and 593) and on Eugenia street. Complete Survey and Architectural plans available. Previous 2023 buyer had plans that called for (2) 4bedroom/3 bath townhomes on 3 levels, each!. Seller is not distressed. Publix in Summerhill is close by!
FMLS #7428108
Feb 1, 2025
Listing Removed
—
Dec 13, 2024
Relisted
—
Dec 13, 2024
Price Changed
$185,000
$186/sq ft
Dec 2, 2024
Contingent
—
Oct 24, 2024
Price Changed
$205,000
$206/sq ft
Sep 16, 2024
Price Changed
$250,000
$251/sq ft
Jul 26, 2024
Listed
$270,000
$271/sq ft
GAMLS #10346911
Feb 3, 2025
Listing Removed
—
Dec 13, 2024
Relisted
—
Dec 13, 2024
Price Changed
$185,000
$186/sq ft
Dec 2, 2024
Contingent
—
Oct 24, 2024
Price Changed
$205,000
$206/sq ft
Sep 16, 2024
Price Changed
$250,000
$251/sq ft
Jul 26, 2024
Listed
$270,000
$271/sq ft
GAMLS #10134979
Jul 24, 2023
Listing Removed
—
Jul 23, 2023
Relisted
—
Mar 1, 2023
Pending
—
Feb 28, 2023
Listed
$195,000
$196/sq ft
Public Records
Aug 25, 2016
Sold
$20,000
$20/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,199 (+9.7%)
$25,160 + $28,600
$53,760
2024
$2,004 (−7.4%)
$25,160 + $23,800
$48,960
2023
$2,165 (+1.2%)
$30,200 + $22,680
$52,880
2022
$2,140 (+35.6%)
$30,200 + $22,680
$52,880
2021
$1,578 (+23.5%)
$20,400 + $18,560
$38,960
2020
$1,278 (+40.1%)
$16,840 + $14,360
$31,200
2019
$912 (−0.6%)
$11,680 + $10,520
$22,200
2018
$917 (+165.5%)
$11,680 + $10,520
$22,200
2017
$346 (−24.7%)
$12,240 + $9,920
$22,160
2016
$459 (−0.2%)
$4,040 + $3,960
$8,000
2015
$460 (−4.2%)
$5,400 + $5,200
$10,600
2014
$480 (+121.4%)
$5,400 + $5,200
$10,600
2012
$217 (−49.4%)
$3,120 + $2,440
$5,560
2011
$428 (−47.3%)
$3,000 + $1,880
$4,880
2010
$813
$9,080 + $9,320
$18,400
2009
$813
$9,080 + $9,320
$18,400
2008
$813
$9,080 + $9,320
$18,400
Tax history for 592 Formwalt St SW
Year
Property tax
Land + Additions
Assessment*
2025
$2,199 (+9.7%)
$25,160 + $28,600
$53,760
2024
$2,004 (−7.4%)
$25,160 + $23,800
$48,960
2023
$2,165 (+1.2%)
$30,200 + $22,680
$52,880
2022
$2,140 (+35.6%)
$30,200 + $22,680
$52,880
2021
$1,578 (+23.5%)
$20,400 + $18,560
$38,960
2020
$1,278 (+40.1%)
$16,840 + $14,360
$31,200
2019
$912 (−0.6%)
$11,680 + $10,520
$22,200
2018
$917 (+165.5%)
$11,680 + $10,520
$22,200
2017
$346 (−24.7%)
$12,240 + $9,920
$22,160
2016
$459 (−0.2%)
$4,040 + $3,960
$8,000
2015
$460 (−4.2%)
$5,400 + $5,200
$10,600
2014
$480 (+121.4%)
$5,400 + $5,200
$10,600
2012
$217 (−49.4%)
$3,120 + $2,440
$5,560
2011
$428 (−47.3%)
$3,000 + $1,880
$4,880
2010
$813
$9,080 + $9,320
$18,400
2009
$813
$9,080 + $9,320
$18,400
2008
$813
$9,080 + $9,320
$18,400
*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
6
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
8,000 Sq. Ft.
Year renovated
—
Sq. Ft.
996
Year built
1920
Style
Multi-Family (2-4 Unit)
County
Fulton County
APN
14 007600100586
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Nov 14, 2025.
SPI-18 SA6
Mechanicsville Neighborhood Special Public Interest District - Subarea 6: Two-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.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Infrastructure
Educational/school
Park & open space
Property details
Parking
Parking Information
Parking Features: Driveway
Open Parking: Yes
Interior
Virtual Tour
Bathroom Information
# of Full Bathrooms: 1
# of Main Level Bathrooms: 1
Master Bathroom Features: None
Bedroom Information
# of Main Level Bedrooms: 2
Bedroom Features: None
Interior Features
# of Fireplaces: 1
Interior Features: Other
Common Walls: No Common Walls
Appliances: Other
Room Information
Kitchen Features: None
Dining Room Features: None
Room Type: Other
Basement: Crawl Space
Exterior
Property Information
Levels: One
Construction Materials: Other
Roof: Other
Property Condition: Fixer
Foundation Details: Brick/Mortar
Lot Information
TaxLegalDescription: Deed book 66894 pg 584
Financial
Financial Information
Buyer Financing: Cash
Utilities
Utility Information
Water Source: Public
Sewer: Public Sewer
Utilities: Electricity Available, Natural Gas Available
Location
School Information
Elementary School: Paul L. Dunbar
Middle Or Junior School: Martin L. King Jr.
High School: Maynard Jackson
Location Information
Directions: GPS friendly
Road Surface Type: Asphalt
Road Frontage Type: City Street
Public facts
Beds: 6
Baths: 2.0
Sq. Ft.: 996
Stories: 1.0
Lot Size: 8,000 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1920
Year Renovated: —
County: Fulton County
APN: 14 007600100586
Home facts updated by county records on Nov 14, 2025
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
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
5/10 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
92
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
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.
9.4 hrs
5 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$143,000 – $174,000
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