Welcome to 731 Formwalt Street SW, a spacious 4-bedroom, 3.5-bath home offering 2,252 square feet in the heart of intown Atlanta. If location is at the top of your list, this one deserves your attention. With this much space, NO HOA, great updates, and convenient access to some of Atlanta’s most popular destinations, there’s a lot to love at this price point. The home has been fully refreshed throughout and is move-in ready. Step inside to tall ceilings, beautiful original hardwood floors, fresh paint, updated flooring, updated tile work in the bathrooms, and plenty of room to spread out. The kitchen features stainless steel appliances, and the washer and dryer are already in place. One of the best features of the floor plan is the FULL-SIZE BEDROOM AND FULL BATHROOM ON THE MAIN LEVEL. This is not just a small bonus room. It’s a nicely sized bedroom that provides great flexibility for guests, extended family, a roommate, home office, or anyone who prefers the convenience of main-level living. Upstairs, the primary suite is a true retreat. The bedroom is extremely spacious and features TWO walk-in closets along with private access to the balcony that spans the front of the home. Imagine stepping right outside your bedroom to enjoy your morning coffee or winding down in the evening overlooking the neighborhood. The spa-style primary bathroom features beautiful updated tile work and completes a primary suite you’ll truly enjoy coming home to. The outdoor space gives you even more to enjoy. There’s a rear deck with room for entertaining, grilling, or relaxing, and the property is completely fenced for added privacy and flexibility. LOCATION, LOCATION, LOCATION! You’re less than 10 minutes from the Atlanta University Center, Mercedes-Benz Stadium, State Farm Arena, Georgia State University, Georgia State’s football stadium, the Georgia Aquarium, World of Coca-Cola, Downtown Atlanta, and so much more. Midtown Atlanta and Hartsfield-Jackson Atlanta International Airport are also approximately 15 minutes away. Whether you’re an owner-occupant looking for a spacious intown home, a first-time buyer wanting to be close to the city, or an investor looking for your next Atlanta property, 731 Formwalt offers plenty of possibilities. For investors, the property has previously rented for $2,700+ per month, providing a glimpse into its rental potential. With NO HOA, there may also be flexibility for long-term or potential short-term rental use, including Airbnb, subject to applicable rental requirements and regulations. **This Property is eligible for all grants in Georgia with our Preferred Lender. Fulton County HOP, Georgia Dream, 100% no PMI, etc. ** It’s hard to beat this combination of LOCATION, square footage, bedroom count, a full bedroom and bathroom on the main level, outdoor space, updates, rental potential, and NO HOA at this price point. Priced right, fully refreshed, move-in ready, and positioned in a location that keeps you close to just about everything Atlanta has to offer. Come see why 731 Formwalt Street SW could be the one.
Single-familyProperty Type
2004Year Built
4,499 sq ftLot Size
$149Price/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
Market insights
731 Formwalt St SW · $335,000
DAYS ON MARKET
20 days
The average home goes pending in 52 days.
SALE-TO-LIST
97.7%
Most homes are selling 2% below list price.
LIST PRICE
$335,000
Median sale price in this area is $546,370. (63% higher than this home)
PRICE DROP
0 price drops
24% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Crown molding
10-foot lower-level ceilings
Recessed lighting
Walk-in closet
One brick fireplace
Insulated windows
No common walls
Open-concept dining area
Attic
Bedrooms
4 bedrooms: 1 on the main level and 3 upstairs
Oversized primary bedroom with sitting room
Bathrooms
3 full bathrooms and 1 half bathroom
1 full and 1 half bathroom on the main level
2 full bathrooms upstairs
Soaking tub in the primary bathroom
Kitchen
Dishwasher, microwave, and refrigerator
Other-surface and solid-surface counters
Laundry & utility
Washer and dryer
Laundry closet upstairs
Flooring
Hardwood
Heating & cooling
Central heating
Central air conditioning
Exterior features
Balcony
Covered deck
Backyard fencing
Home design
Two levels
Parking
Driveway and on-street parking
Open parking
Construction
Vinyl siding
Shingle roof
Slab foundation
Utilities
Public water and sewer
Cable, electricity, and natural gas available
Electricity and solar
View estimated energy costs and solar savings for this home
Welcome to 731 Formwalt Street SW, a spacious 4-bedroom, 3.5-bath home offering 2,252 square feet in the heart of intown Atlanta. If location is at the top of your list, this one deserves your attention. With this much space, NO HOA, great updates, and convenient access to some of Atlanta's most popular destinations, there's a lot to love at this price point. The home has been fully refreshed throughout and is move-in ready. Step inside to tall ceilings, beautiful original hardwood floors, fresh paint, updated flooring, updated tile work in the bathrooms, and plenty of room to spread out. The kitchen features stainless steel appliances, and the washer and dryer are already in place. One of the best features of the floor plan is the FULL-SIZE BEDROOM AND FULL BATHROOM ON THE MAIN LEVEL. This is not just a small bonus room. It's a nicely sized bedroom that provides great flexibility for guests, extended family, a roommate, home office, or anyone who prefers the convenience of main-level living. Upstairs, the primary suite is a true retreat. The bedroom is extremely spacious and features TWO walk-in closets along with private access to the balcony that spans the front of the home. Imagine stepping right outside your bedroom to enjoy your morning coffee or winding down in the evening overlooking the neighborhood. The spa-style primary bathroom features beautiful updated tile work and completes a primary suite you'll truly enjoy coming home to. The outdoor space gives you even more to enjoy. There's a rear deck with room for entertaining, grilling, or relaxing, and the property is completely fenced for added privacy and flexibility. LOCATION, LOCATION, LOCATION! You're less than 10 minutes from the Atlanta University Center, Mercedes-Benz Stadium, State Farm Arena, Georgia State University, Georgia State's football stadium, the Georgia Aquarium, World of Coca-Cola, Downtown Atlanta, and so much more. Midtown Atlanta and Hartsfield-Jackson Atlanta International Airport are also approximately 15 minutes away. Whether you're an owner-occupant looking for a spacious intown home, a first-time buyer wanting to be close to the city, or an investor looking for your next Atlanta property, 731 Formwalt offers plenty of possibilities. For investors, the property has previously rented for $2,700+ per month, providing a glimpse into its rental potential. With NO HOA, there may also be flexibility for long-term or potential short-term rental use, including Airbnb, subject to applicable rental requirements and regulations. **This Property is eligible for all grants in Georgia with our Preferred Lender. Fulton County HOP, Georgia Dream, 100% no PMI, etc. Contact agent for more details** It's hard to beat this combination of LOCATION, square footage, bedroom count, a full bedroom and bathroom on the main level, outdoor space, updates, rental potential, and NO HOA at this price point. Priced right, fully refreshed, move-in ready, and positioned in a location that keeps you close to just about everything Atlanta has to offer. Come see why 731 Formwalt Street SW could be the one.
GAMLS #3219846
Nov 4, 2014
Price Changed
$45,000
$20/sq ft
May 25, 2012
Sold
$50,500
$22/sq ft
May 3, 2012
Listing Removed
—
May 2, 2012
Price Changed
$50,500
$22/sq ft
Apr 20, 2012
Listed
$45,000
$20/sq ft
HUD PROPERTY SOLD AS IS. INFO DEEMED RELIABLE BUT NOT GUARANTEED. TO SHOW USE COMBO LOCKBOX. INSURED FINANCING AVAIL. CASE #105-515104. FOR AVAILABILITY/BID/PROPERTY
Public Records
Dec 30, 2009
Sold
$215,000
$95/sq ft
FMLS #3947553
Dec 22, 2009
Listing Removed
—
Dec 16, 2009
Sold
$215,000
$95/sq ft
Public Records
Aug 31, 2007
Sold
$385,900
$171/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$3,927
$26,800 + $69,200
$96,000
2024
$3,930 (+3.0%)
$26,800 + $69,200
$96,000
2023
$3,815 (−14.0%)
$26,800 + $82,800
$109,600
2022
$4,436 (+27.5%)
$26,800 + $82,800
$109,600
2021
$3,479 (+26.1%)
$18,080 + $67,800
$85,880
2020
$2,759 (+37.7%)
$14,920 + $52,440
$67,360
2019
$2,004 (+2.7%)
$10,360 + $38,400
$48,760
2018
$1,951 (+90.4%)
$10,360 + $38,400
$48,760
2017
$1,024 (−0.3%)
$10,840 + $36,280
$47,120
2016
$1,027 (−0.2%)
$4,800 + $18,920
$23,720
2015
$1,029 (−4.3%)
$4,800 + $18,920
$23,720
2014
$1,075 (+156.3%)
$4,800 + $18,920
$23,720
2012
$419 (−60.7%)
$2,760 + $8,920
$11,680
2011
$1,068 (−42.6%)
$2,640 + $6,800
$9,440
2010
$1,860 (−30.7%)
$8,080 + $34,040
$42,120
2009
$2,683
$8,080 + $63,400
$71,480
2008
$2,683
$8,080 + $63,400
$71,480
Public record
Public record
Zoning
Beds
4
Baths
2.5
Stories
2
Lot width
—
Lot depth
—
Lot size
4,500 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
2,252
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,252
Year built
2004
Style
Single Family Residential
County
Fulton County
APN
14 007500040361
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
80/ 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.
7.5 hrs
5.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 731 Formwalt St SW
$332,358
$2,642 under list price of $335K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $185K to $413K.