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$135,000

  • For Sale
  • Active
  • Condo
  • 2 Beds
  • 1 Partial Bath
  • 583 Sq. Ft.
See This Home
Save This Home
See This Home
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Enjoy in-town living in this beautifully updated bottom-floor condo in the heart of Mechanicsville, just steps from the BeltLine. This Art-Deco-inspired home features exposed brick, hardwood floors throughout, stainless steel appliances, granite countertops, and a modern tiled bath with updated finishes. Fresh paint enhances the space, while city views add to the urban appeal. The home is all-electric, helping keep utility costs low, and includes a washer and dryer in the unit, a security system, and private parking within a quiet, gated community.

Full Property Details for 561 Formwalt St SW #5

General

  • Price: $135,000
  • HOA FEE: $399/month
  • Taxes: $2,158 (2025)
  • Status: Active
  • Type: Condo
  • Source: FMLS_Atlanta
  • MLS ID: 7715021
  • Updated: 2/6/2026
  • Added to Site: 17 day(s) ago

Interior

  • Interior Features: Other
  • Fireplace(s): None
  • Appliances: Dishwasher, Disposal, Dryer, Electric Cooktop, Electric Oven, Electric Range, Microwave, Refrigerator, Washer
  • Flooring: Hardwood

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Half Bathrooms: 1
  • Primary Bathroom: None

Bedrooms

  • Total Bedrooms: 2
  • Bedrooms Main: 2
  • Bedroom Features: None

Other Rooms

  • Kitchen: None
  • Dining Room: None
  • Laundry: Laundry Closet

Additional Information

  • Amenities: None
  • Security/Safety: None
  • Equipment: None

Exterior

  • Exterior Features: None
  • Porch/Patio/Deck: Covered

Parking

  • Total Spaces: 1
  • Parking Features: Assigned

Location

  • County: Fulton
  • Subdivision: Capitol City Square Condos
  • Driving Directions: same as address

School Information

  • Elementary School: Paul L. Dunbar
  • Middle School: Martin L. King Jr.
  • High School: Maynard Jackson

Community

  • Association: Yes
  • Units Assoc/Comm: 1

Heating & Cooling

  • Cooling Type: Ceiling Fan(s), Central Air
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available

Structural Information

  • Architectural Style: Mid-Rise (Up to 5 Stories)
  • Detached/Attached: Attached
  • Exterior Const.: Brick
  • Basement Desc.: None
  • Roof: Composition
  • Common Walls: 1 Common Wall
  • Windows: None
  • Stories/Levels: One
  • Square Feet: 583
  • Sq. Ft. Source: Public Records
  • Year Built: 1961
  • Property Condition: Resale

Additional Structures

  • Other Structures: None

Lot Features

  • Property View: Trees/Woods
  • Lot Size (Acres): 0.0134
  • Lot Size Source: Public Records
  • Lot Dimensions: x
  • Frontage: None
  • Street/Road Desc.: Asphalt
  • Lot Features: Other
  • Fencing (Description): None

Water Features

  • Docks: None

Financial Considerations

  • Association Fee: $399
  • Assoc Fee Freq.: Monthly
  • Other Assoc Fees: $399
  • Tax Amount: $2,158
  • Tax Year: 2025

Disclosures and Reports

  • Property ID: 14 007600101246

Listed by Dalton Wade, Inc.

FMLS - Atlanta logo

Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2026 First Multiple Listing Service, Inc. Last Updated Feb 21 2026 9:56PM

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Listing agent

— 561 Formwalt St SW #5 —

  • Dalton Wade, Inc.

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 561 Formwalt St SW #5

School District:Atlanta City School District
NameGradesDistance
Dunbar Elementary School
500 Whitehall Terrace Southwest, Atlanta, GA 30312
PK-50.3 mi
King Middle School
545 Hill Street Southeast, Atlanta, GA 30312
6-80.9 mi
Maynard H. Jackson- Jr. High School
801 Glenwood Avenue Southeast, Atlanta, GA 30316
9-121.9 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 561 Formwalt St SW #5 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/05/2026
Listed
$135,000
184.21%
MLS
1/08/2016
Sold
$47,500
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 561 Formwalt St SW #5

Year
Property Taxes
Change
Tax Assessment
Change
2023
$2,501
62%
$60,400
62%
2022
$1,543
-4%
$37,280
3%
2021
$1,607
—
$36,200
1%
2021
$1,607
2%
$35,760
-7%
2019
$1,576
52%
$38,360
53%
2018
$1,038
135%
$25,080
146%
2017
$441
—
$10,200
—
2016
$442
—
$10,200
—
2015
$443
-4%
$10,200
—
2014
$462
79%
$10,200
76%
2012
$258
—
$5,800
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 561 Formwalt St SW #5

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Dalton Wade, Inc.

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FMLS - Atlanta logo

Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2026 First Multiple Listing Service, Inc. Last Updated Feb 21 2026 9:56PM

561 Formwalt Street SW #5, Atlanta, GA 30312 (MLS# 7715021) is a Condo property with 2 bedrooms, 0 full bathrooms and 1 partial bathroom. 561 Formwalt Street SW #5 is currently listed for $135,000 and was received on February 05, 2026. Want to learn more about 561 Formwalt Street SW #5? Do you have questions about finding other Condo real estate for sale in Atlanta? You can browse all Atlanta real estate or contact a Coldwell Banker agent to request more information.

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