#7551644, Robby Caban, Listing Office: Robby Caban Realty, LLC
Property details
About 431 Formwalt St SW
Incredible opportunity to purchase a lot in up-and-coming Mechanicsville!! Minutes away from the Summerhill mixed-use development, GSU, Downtown Atlanta, the Mercedes Benz Stadium, and the State Farm Arena. Across the street from the Fulton County Juvenile Court and the Mechanicsville Library, on a quiet street off the main road (Fulton St SW), connecting to I-20 and I-85/75 for easy access. The lot is zoned SPI-18 SA1 (Mechanicsville Neighborhood Special Public Interest District), allowing for diverse commercial and residential uses, including multi-family. Variance for off-site parking obtained for a potential coffee shop (ground level) and two apartments (top level) project. Conceptual drawings available upon request.
Highlights
Home typeMulti Family
StatusActive
Lot size0.06 Acres
MLS #7535003
ViewCity, Neighborhood
Summary
- Private Pool: No
- Waterfront: None
- View: City, Neighborhood
- List Price: $135,000
- Annual Tax Amount: $1,081
- Tax Year: 2023
- Lot: Cleared, Level, Rectangular Lot
- Directions: Use GPS
- Lot Size: 0.06 Acres
- MLS Number: 7535003
- MLS Name: First Multiple Listing Service
- Office Name: Platinum Real Estate, LLC.
- Office Email: admin@platinumrealestate.com
- Listing Agent: Fanny Lis Radtke
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. 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 and learn how to submit a takedown request. Information is deemed reliable but is not guaranteed. © 2025 First Multiple Listing Service, Inc.
IDX Provided by Rocket Homes Real Estate, LLC
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/13/2025, 5:20:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$135,000
431 Formwalt St SW
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Nov 16, 2017 | Home Sold | $22,500 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $26,120 | $1,081 |
| 2022 | $26,120 | $1,081 |
| 2021 | $17,600 | $1,246 |
| 2020 | $14,560 | $602 |
| 2019 | $10,080 | $414 |
| 2017 | $4,680 | $202 |
History based on county public records data.
Nearby schools
3
Dunbar Elementary School
Public District PK-5
0.3 mi
•500 Whitehall Ter SW
4
Gideons Elementary School
Public District PK-5
1.0 mi
•897 Welch St SW
7
Atlanta Neighborhood Charter - Elementary School
Public Charter KG-5
1.2 mi
•688 Grant St SE
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $23,549. The most common annual income of people living in Atlanta, GA is less than $<35k. Most families are single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
65%
<35k
28%
35k-100k
7%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
73%
Single, No Kids
19%
Single, with Kids
6%
Married, No Kids
2%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
8%
12-17 yrs old
25%
18-34 yrs old
47%
35-64 yrs old
6%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
Burlington
H&M
Foot Locker
Where do the neighbors go to eat?
White Castle
Boston Market
Little Caesars
What do the neighbors drive?
Kia
Honda
Dodge
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
News
All data provided by Home Junction and Claritas
Similar homes for sale
#7535541, Dobryann Eubanks, Listing Office: BHGRE Metro Brokers
#7468140, BRANDON MARSHALL, Listing Office: Trend Atlanta Realty, Inc.
#7525768, Cindy Abdou, Listing Office: Keller Williams Realty Community Partners
Frequently asked questions
About 431 Formwalt St SW
The listing price of 431 Formwalt St SW property is $135,000.
The property 431 Formwalt St SW is land located in Atlanta, Georgia, 30312.
Active Listing: 431 Formwalt St SW is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 431 Formwalt St SW are: Dunbar Elementary School (GreatSchools Rating 3/10), Gideons Elementary School (GreatSchools Rating 4/10), Atlanta Neighborhood Charter - Elementary School (GreatSchools Rating 7/10), Imagine Wesley International Academy Charter Facility (GreatSchools Rating 3/10), Martin Luther King Jr. Middle School (GreatSchools Rating 3/10), Hollis Innovation Academy (GreatSchools Rating 3/10), Booker T. Washington High School (GreatSchools Rating 2/10), G. W. Carver High School (GreatSchools Rating 1/10), Early College High School at Carver (GreatSchools Rating 4/10).
According to the records, the last property tax for 2023 is $1,081 (source: MLS/based on county public records data).
The last sale was on November 16, 2017 for $22,500 (source: MLS/tax record).
The property 431 Formwalt St SW is 0.06 acres.
This home is located at 431 Formwalt St SW in Atlanta, GA and zip code 30312 in the Southwestern Atlanta neighborhood. Features: 0 bedroom, 0 bathroom. It has been listed on Rocket Homes since March 5, 2025 and is currently priced at $135,000.
In April 2025 more than 266 listings in Atlanta, GA were sold above the asking price. During the same period more than 296 listings were sold at asking price, while more than 650 were sold below. The inventory of homes for sale in Atlanta, GA between March and April 2025 increased by 17.5%. The median list price of listings available in April 2025 was $424,792, while the average time on the real estate market was 45 days.
From Rocket Homes Real Estate and based on county public records data.