Great investment opportunity by the former Turner field. Cash-flowing property with AHA Voucher tenant and guaranteed rents paid via direct deposit on the 1st of each month. There is a lot of area development underway, including a multi-hundred student housing complex just across I-75/85 connector.
Single-familyProperty Type
2006Year Built
1,498 sq ftLot Size
$194Est. Price/Sq.Ft.
Listed by Bryan Adams• Pace Lynch Realty
Bought with Milosh Stankovic• BHGRE Metro Brokers
Source:FMLS #6067687
Redfin Estimate
$289,511
$55K since sold in October 2018$16K since September
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 14.1% lower than the average sale price ($337K) of 6 comparable homes.
GREAT OPPORTUNITY FOR 1ST TIME BUYER-SEND PRE-QUAL LETTER W/COPY OF E.M. CHECK-NO DISCLOSURE STATEMENT-SOLD AS IS-SELLER COUNTERS WITH ADDENDUMS
Public Records
Oct 11, 2005
Sold
$57,500
$39/sq ft
Public Records
Sep 15, 2005
Sold
$46,500
$31/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$3,008 (+3.7%)
$19,880 + $93,880
$113,760
2024
$2,901 (+32.1%)
$19,880 + $89,480
$109,360
2023
$2,195 (−22.9%)
$23,880 + $85,320
$109,200
2022
$2,848 (−10.4%)
$23,880 + $85,320
$109,200
2021
$3,179 (−26.6%)
$15,440 + $110,600
$126,040
2020
$4,329 (+19.9%)
$13,800 + $91,880
$105,680
2019
$3,611 (+73.6%)
$12,720 + $75,160
$87,880
2018
$2,080 (+89.3%)
$12,720 + $75,160
$87,880
2017
$1,099 (−0.3%)
$9,680 + $40,560
$50,240
2016
$1,102 (−0.2%)
$4,280 + $21,160
$25,440
2015
$1,104 (−4.2%)
$4,280 + $21,160
$25,440
2014
$1,153 (+160.5%)
$4,280 + $21,160
$25,440
2012
$443 (−50.2%)
$2,480 + $10,000
$12,480
2011
$889 (−37.8%)
$2,360 + $7,600
$9,960
2010
$1,430 (−45.5%)
$7,200 + $30,880
$38,080
2009
$2,625
$7,200 + $52,240
$59,440
2008
$2,625
$7,200 + $52,240
$59,440
Tax history for 735 Formwalt St SW
Year
Property tax
Land + Additions
Assessment*
2025
$3,008 (+3.7%)
$19,880 + $93,880
$113,760
2024
$2,901 (+32.1%)
$19,880 + $89,480
$109,360
2023
$2,195 (−22.9%)
$23,880 + $85,320
$109,200
2022
$2,848 (−10.4%)
$23,880 + $85,320
$109,200
2021
$3,179 (−26.6%)
$15,440 + $110,600
$126,040
2020
$4,329 (+19.9%)
$13,800 + $91,880
$105,680
2019
$3,611 (+73.6%)
$12,720 + $75,160
$87,880
2018
$2,080 (+89.3%)
$12,720 + $75,160
$87,880
2017
$1,099 (−0.3%)
$9,680 + $40,560
$50,240
2016
$1,102 (−0.2%)
$4,280 + $21,160
$25,440
2015
$1,104 (−4.2%)
$4,280 + $21,160
$25,440
2014
$1,153 (+160.5%)
$4,280 + $21,160
$25,440
2012
$443 (−50.2%)
$2,480 + $10,000
$12,480
2011
$889 (−37.8%)
$2,360 + $7,600
$9,960
2010
$1,430 (−45.5%)
$7,200 + $30,880
$38,080
2009
$2,625
$7,200 + $52,240
$59,440
2008
$2,625
$7,200 + $52,240
$59,440
*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
3
Baths
2.5
Stories
2
Lot width
—
Lot depth
—
Lot size
1,500 Sq. Ft.
Year renovated
—
Sq. Ft.
1,491
Year built
2006
Style
Single Family Residential
County
Fulton County
APN
14 007500040379
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 16, 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
Property details
Parking
Parking Information
Parking Features: Driveway, Level Driveway, Parking Pad
Open Parking: Yes
Interior
Bathroom Information
# of Full Bathrooms: 2
# of Half Bathrooms: 1
Master Bathroom Features: Tub/Shower Combo
Bedroom Information
Bedroom Features: Other
Interior Features
Interior Features: High Ceilings 9 ft Main, High Ceilings 9 ft Upper
Common Walls: No Common Walls
Appliances: Dishwasher, Disposal, Electric Range, Refrigerator
Flooring: Hardwood
Room Information
LaundryFeatures: Lower Level, Laundry Room
Kitchen Features: Solid Surface Counters
Dining Room Features: None
Room Type: Family Room
Basement: Crawl Space
Exterior
Property Information
Levels: Two
Construction Materials: Cement Siding, Other
Exterior Features: Other
Roof: Composition
Patio And Porch Features: Covered, Deck, Front Porch
Property Condition: Resale
Financial
Financial Information
Buyer Financing: Conventional
Utilities
Utility Information
Cooling: Central Air
Heating: Heat Pump
Water Source: Public
Sewer: Public Sewer
Utilities: Cable Available, Electricity Available, Natural Gas Available
Location
School Information
Elementary School: Paul L. Dunbar
Middle Or Junior School: Herman J. Russell West End Academy
High School: Maynard Jackson
Location Information
Directions: Exit 246, Fulton St and go west. Turn left onto Formwalt. Cross Ralph David Abernathy, and house is about 6 on the right.
Road Surface Type: Paved
Community Information
Community Features: Near Schools, Near Trails/Greenway, Park, Playground, Public Transportation, Sidewalks
Public facts
Beds: 3
Baths: 2.5
Sq. Ft.: 1,491
Stories: 2.0
Lot Size: 1,500 square feet
Style: Single Family Residential
Year Built: 2006
Year Renovated: —
County: Fulton County
APN: 14 007500040379
Home facts updated by county records on Jul 15, 2026
Around this home
Schools
Dunbar Elementary School
Public PreK-5 • Assigned • 0.5mi
4/10
King Middle School
Public 6-8 • Assigned • 0.9mi
5/10
Maynard H. Jackson- Jr. High School
Public 9-12 • Assigned • 2.0mi
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, 17 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
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
$276,000 – $333,000
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