#7524995, Pratik Karan, Listing office: Dalton Wade, Inc.
$117,500 List price
561 Formwalt St SW Unit 8 Atlanta, GA 30312
2 beds
1 full
582 sqft
0.01 acres
$202 / sqft
Condo
Property details
About 561 Formwalt St SW Unit 8
Location! REDUCED MOTIVATED SELLER Perfect for Investor, no Rental Restrictions. The unit is currently rented for 1250 to a long-term tenant. It is very easy to find new tenants or increase rent. Also, it can be bought as a package with two other units in the same complex. Additional Unit 5 (MLS #: 7524995) is rented for 1250. And 571 Formwalt unit 7 is rented for 1250. There are no Seller Disclosure as the seller has not lived there.
Highlights
Home typeCondominium
HeatingCentral
StatusActive
CoolingCeiling Fan(s), Central Air
Size582 sqft
Lot size0.0134 Acres
Year built1961
ParkingAssigned, On Street, Parking Lot
MLS #7525289
ViewOther
Summary
- Full Bathrooms: 1
- Appliances: Other
- Basement: No
- Flooring Type: Hardwood
- Interior: Other
- Fireplace: None
- Total Bedroom Count: 2
- Attached Garage: No
- Private Pool: No
- Parking: Assigned, On Street, Parking Lot
- Waterfront: None
- View: Other
- Exterior: None
- Architectural Style: Mid-Rise (up to 5 stories)
- Heating: Central
- Cooling: Ceiling Fan(s), Central Air
- List Price: $117,500
- Price/SqFt: $201
- HOA Amount: $0
- Lot: Other
- Directions: As Is
- Year Built: 1961
- Living Area: 582 SqFt
- Lot Size: 0.0134 Acres
- MLS Number: 7525289
- MLS Name: First Multiple Listing Service
- Office Name: Dalton Wade, Inc.
- Office Phone: (888) 668-8283
- Listing Agent: Pratik Karan
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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: 7/20/2025, 1:45:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
We're sorry, we currently don't have tax history data for this listing.
Nearby schools
3
Dunbar Elementary School
Public District PK-5
0.4 mi
•500 Whitehall Ter SW
4
Gideons Elementary School
Public District PK-5
0.8 mi
•897 Welch St SW
4
Barack & Michelle Obama Academy
Public District PK-5
1.1 mi
•970 Martin 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. Typical income of Atlanta, GA residents is less than $<35k annually. The most common type of family is single, no kids. The majority of 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
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Frequently asked questions
About 561 Formwalt St SW Unit 8
The listing price of 561 Formwalt St SW Unit 8 property is $117,500.
The property 561 Formwalt St SW Unit 8 is a condo located in Atlanta, Georgia, 30312.
Active Listing: 561 Formwalt St SW Unit 8 is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 561 Formwalt St SW Unit 8 are: Dunbar Elementary School (GreatSchools Rating 3/10), Gideons Elementary School (GreatSchools Rating 4/10), Barack & Michelle Obama Academy (GreatSchools Rating 4/10), Martin Luther King Jr. Middle School (GreatSchools Rating 3/10), Imagine Wesley International Academy Charter Facility (GreatSchools Rating 3/10), Herman J. Russell West End Academy (GreatSchools Rating 2/10), G. W. Carver High School (GreatSchools Rating 1/10), Early College High School at Carver (GreatSchools Rating 4/10), Booker T. Washington High School (GreatSchools Rating 2/10).
The property at 561 Formwalt St SW Unit 8 has 2 bedrooms and 1 bathroom.
The property 561 Formwalt St SW Unit 8 is 582 SqFt (source: MLS/tax record).
The year of construction for 561 Formwalt St SW Unit 8 is 1961.
This home is located at 561 Formwalt St SW Unit 8 in Atlanta, GA and zip code 30312 in the Southwestern Atlanta neighborhood. This 582 square foot home, which was built in 1961, sits on a 0.01 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since February 14, 2025 and is currently priced at $117,500.
Over 252 listings were sold over their listed price in June 2025 in Atlanta, GA. In the same period over 718 listings were sold below the listed price and 241 listings were sold for the listed price. The inventory of homes for sale in Atlanta, GA between May and June 2025 increased by 10.2%. While the average time on the market in June 2025 was 45 days, the median list price was $426,329.
From Rocket Homes Real Estate and based on county public records data.