LOCATION, VALUE, AND OPPORTUNITY all come together at 727 Formwalt Street SW! This 3-bedroom, 2.5-bath home offers 1,806 square feet of living space in one of Atlanta’s most convenient intown locations, and it’s being offered BELOW APPRAISED VALUE. From the moment you arrive, the inviting front porch gives this home plenty of character. Inside, you’ll find a spacious floor plan with hardwood flooring, tall ceilings, stainless steel kitchen appliances, and plenty of natural light. With more than 1,800 square feet, there’s plenty of room to live, work, entertain, and truly make this home your own. Upstairs, the oversized primary bedroom is definitely a highlight. There’s plenty of room for a full bedroom setup with additional space for a sitting area, desk, or whatever fits your lifestyle. The primary also has access to its own private front deck, giving you a nice outdoor space right outside your bedroom. The outdoor space continues in the back with a rear deck that’s perfect for grilling, entertaining, or simply relaxing. The backyard is completely fenced, giving you additional privacy and plenty of ways to enjoy the space. But LOCATION may be the biggest selling point here. You’re just minutes from Downtown Atlanta, the Atlanta University Center, Georgia State University, Mercedes-Benz Stadium, State Farm Arena, Georgia State’s football stadium, Centennial Olympic Park, the Georgia Aquarium, World of Coca-Cola, and so much more. Midtown Atlanta and Hartsfield-Jackson Atlanta International Airport are also conveniently accessible. Whether you’re looking for a place to call home, purchasing your first property, or an investor looking for an intown Atlanta opportunity, 727 Formwalt gives you options. FOR INVESTORS, this property has previously generated rental income in the range of approximately $2,300–$2,500 per month. With a 3-bedroom floor plan, fenced backyard, outdoor living spaces, and a central Atlanta location, the property offers an opportunity for buyers looking to add an intown rental to their portfolio. FOR OWNER-OCCUPANTS, there may be several financing and down-payment assistance options available to qualified buyers, including Georgia Dream, Fulton County HOP, Chenoa Fund programs, 100% financing options, and other available grant and assistance programs. Program availability, eligibility, income limits, property requirements, and financing terms vary by buyer and loan program. Great space. Great value. Great location. Whether you’re buying a home for yourself or looking for your next investment, 727 Formwalt Street SW is ready for its next owner. Come see the home, see the location, and see the possibilities for yourself.
Single-familyProperty Type
2004Year Built
4,399 sq ftLot Size
$163Price/Sq.Ft.
Listed by Justin Hingleton• Keller Williams Realty West Atlanta
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
727 Formwalt St SW · $295,000
$296K and above
75% chance or better to win
Why $296K+ is a strong offer
DAYS ON MARKET
22 days
The average home goes pending in 52 days.
SALE-TO-LIST
97.7%
Most homes are selling 2% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Crown molding
High-speed internet available
Walk-in closets
No common walls
Attic
Bedrooms
Three upper-level bedrooms
Oversized master bedroom
Roommate floor plan
Bathrooms
Two full bathrooms
One half bathroom
Master bathroom with double vanity
Kitchen
Kitchen island
Other surface countertops
Dishwasher
Microwave
Refrigerator
Laundry & utility
Laundry closet
Washer
Dryer
Flooring
Hardwood
Carpet
Heating & cooling
Central heating
Central air
Attic fan
Exterior features
Covered patio/porch
Back yard fencing
Home design
Two levels
Resale property
Slab foundation
Parking
Driveway parking
On-street parking
Open parking available
Construction
Shingle siding
Shingle roof
Built on slab foundation
Utilities
Public water
Public sewer
Cable available
Electricity available
Natural gas available
Phone available
Sewer available
Electricity and solar
View estimated energy costs and solar savings for this home
LOCATION, VALUE, AND OPPORTUNITY all come together at 727 Formwalt Street SW! This 3-bedroom, 2.5-bath home offers 1,806 square feet of living space in one of Atlanta's most convenient intown locations, and it's being offered BELOW APPRAISED VALUE. From the moment you arrive, the inviting front porch gives this home plenty of character. Inside, you'll find a spacious floor plan with hardwood flooring, tall ceilings, stainless steel kitchen appliances, and plenty of natural light. With more than 1,800 square feet, there's plenty of room to live, work, entertain, and truly make this home your own. Upstairs, the oversized primary bedroom is definitely a highlight. There's plenty of room for a full bedroom setup with additional space for a sitting area, desk, or whatever fits your lifestyle. The primary also has access to its own private front deck, giving you a nice outdoor space right outside your bedroom. The outdoor space continues in the back with a rear deck that's perfect for grilling, entertaining, or simply relaxing. The backyard is completely fenced, giving you additional privacy and plenty of ways to enjoy the space. But LOCATION may be the biggest selling point here. You're just minutes from Downtown Atlanta, the Atlanta University Center, Georgia State University, Mercedes-Benz Stadium, State Farm Arena, Georgia State's football stadium, Centennial Olympic Park, the Georgia Aquarium, World of Coca-Cola, and so much more. Midtown Atlanta and Hartsfield-Jackson Atlanta International Airport are also conveniently accessible. Whether you're looking for a place to call home, purchasing your first property, or an investor looking for an intown Atlanta opportunity, 727 Formwalt gives you options. FOR INVESTORS, this property has previously generated rental income in the range of approximately $2,300-$2,500 per month. With a 3-bedroom floor plan, fenced backyard, outdoor living spaces, and a central Atlanta location, the property offers an opportunity for buyers looking to add an intown rental to their portfolio. FOR OWNER-OCCUPANTS, there may be several financing and down-payment assistance options available to qualified buyers, including Georgia Dream, Fulton County HOP, Chenoa Fund programs, 100% financing options, and other available grant and assistance programs. Program availability, eligibility, income limits, property requirements, and financing terms vary by buyer and loan program. Great space. Great value. Great location. Whether you're buying a home for yourself or looking for your next investment, 727 Formwalt Street SW is ready for its next owner. Come see the home, see the location, and see the possibilities for yourself.
RENTALBEAST #1
Dec 23, 2023
Rental Removed
$2,300
$1/sq ft
Nov 27, 2023
Listed for Rent
$2,300
$1/sq ft
Public Records
Nov 6, 2013
Sold
$77,500
$43/sq ft
GAMLS #7143076
Nov 9, 2013
Price Changed
$77,500
$43/sq ft
Oct 25, 2013
Sold
$77,500
$43/sq ft
Oct 21, 2013
Pending
—
Oct 8, 2013
Price Changed
$80,000
$44/sq ft
Aug 19, 2013
Listed
$80,000
$44/sq ft
Short Sale
FMLS #5186194
Oct 28, 2013
Price Changed
$77,500
$43/sq ft
Oct 28, 2013
Listing Removed
—
Oct 25, 2013
Sold
$77,500
$43/sq ft
Oct 25, 2013
Price Changed
$80,000
$44/sq ft
Oct 21, 2013
Pending
—
Aug 19, 2013
Listed
$80,000
$44/sq ft
GAMLS #7064814
Jul 1, 2013
Listing Removed
—
Mar 12, 2013
Listed
$99,900
$55/sq ft
FMLS #3676404
Jun 2, 2008
Sold
$80,000
$44/sq ft
Mar 20, 2008
Listed
$89,900
$50/sq ft
Public Records
Sep 19, 2001
Sold
$20,000
$11/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$3,927
$26,720 + $69,280
$96,000
2024
$3,930 (+10.2%)
$26,720 + $69,280
$96,000
2023
$3,566 (−14.0%)
$26,720 + $75,720
$102,440
2022
$4,146 (+27.9%)
$26,720 + $75,720
$102,440
2021
$3,241 (+25.9%)
$18,000 + $62,000
$80,000
2020
$2,574 (+37.9%)
$14,880 + $47,960
$62,840
2019
$1,867 (+2.5%)
$10,320 + $35,120
$45,440
2018
$1,822 (+91.0%)
$10,320 + $35,120
$45,440
2017
$954 (−0.3%)
$10,800 + $33,200
$44,000
2016
$956 (−0.2%)
$4,760 + $17,320
$22,080
2015
$958 (−4.3%)
$4,760 + $17,320
$22,080
2014
$1,001 (+154.9%)
$4,760 + $17,320
$22,080
2012
$393 (−60.3%)
$2,760 + $8,160
$10,920
2011
$988 (−42.9%)
$2,640 + $6,200
$8,840
2010
$1,729 (−35.5%)
$8,040 + $31,120
$39,160
2009
$2,683
$8,040 + $52,720
$60,760
2008
$2,683
$8,040 + $52,720
$60,760
Public record
Public record
Zoning
Beds
3
Baths
2.5
Stories
2
Lot width
—
Lot depth
—
Lot size
4,400 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
1,806
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,806
Year built
2004
Style
Single Family Residential
County
Fulton County
APN
14 007500040353
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 9, 2026.
SPI-18 SA5
Mechanicsville Neighborhood Special Public Interest District - Subarea 5: Single-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
Infrastructure
Educational/school
Park & open space
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
5/10 Wind Factor
26% 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 • 30315
Average low and high temperatures (°F)
51
34
62
42
72
50
78
58
80
63
87
70
91
75
84
70
85
67
76
57
67
49
58
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
88/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Atlanta. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.7 hrs
4.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 727 Formwalt St SW
$294,830
$170 under list price of $295K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $265K to $413K.