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Active Under Contract83 days listed

561 Formwalt Street SW Unit 10, Atlanta, GA 30312

  • 2bd
  • 1ba
  • 620SF
  • 0.01ac lot

CondoCapitol City Square

List price

$99,500

$160/SF list

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FMLS IDXFMLS #7816222 · Listing Provided By Berkshire Hathaway HomeServices Georgia Properties · 404-537-5200 · Listing agent Leslie Rose

Location

561 Formwalt Street SW Unit 10, Atlanta GA 30312

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About this home

With its new lower price and outstanding value and location, this move-in ready two bedroom, one bathroom in the heart of Atlanta combines modern upgrades, timeless character, and an affordable opportunity for intown living. Ideal for first-time homebuyers or investors, students and professionals, this charming residence features original hardwood floors, a freshly painted interior, and thoughtful updates throughout. The bright, refreshed kitchen offers a brand new range and refrigerator, ample cabinet space, and plenty of natural light, creating a functional and welcoming space for everyday living. Well-maintained HVAC and appliances add peace of mind, while an EV charging station and a dedicated parking space inside the gated area provide added convenience. Enjoy low-maintenance living in a convenient intown location just minutes from Downtown Atlanta, Georgia State University, Summerhill, Mercedes-Benz Stadium, State Farm Arena, Centennial Olympic Park, the BeltLine, shopping, restaurants, parks, MARTA, and major interstates. Whether commuting to work, attending a game, or exploring Atlanta's vibrant dining and entertainment scene, you'll appreciate having so much close to home. Enjoy a lower price without compromising on location comfort or value! This condo presents an appealing opportunity for anyone seeking an affordable intown lifestyle with convenient access to Atlanta's business, entertainment, and cultural districts. Investors should verify leasing opportunities and restrictions directly with the homeowners association. Schedule your private showing today.

How this list price compares in Atlanta

Figures are list prices from current FMLS IDX inventory (Active, Active Under Contract and Pending), not sales prices or appraisals.

Home facts

Property type
Condo
Status
Active Under Contract
Bedrooms
2
Full baths
1
Living area
620 SF
Lot size
0.01 acres
Year built
1962
Levels
One
Main-level bedrooms
2
Parking
Electric Vehicle Charging Station(s), Parking Lot
Style
Mid-Rise (up to 5 stories)
Construction
Brick 4 Sides, Brick
Roof
Composition
Flooring
Hardwood
Heating
Central, Electric
Cooling
Central Air, Electric, Ceiling Fan(s)
Appliances
Dishwasher, Disposal, Electric Oven, Electric Water Heater, Microwave, Refrigerator
Lot
Level
HOA
$330 monthly
Annual tax
$429 (2025)
County
Fulton

Assigned schools

As reported in the listing. Verify with the school district.

Payment estimate

Estimate the monthly payment

Prefilled with the list price of $99,500 and this week's average rate. Change anything to see your number.

Loan type
Estimated monthly payment

$1,143/mo

Principal and interest
$615
Property tax
$36
Home insurance
$125
Mortgage insurance
$37
HOA dues
$330
Loan amount
$89,550
Cash down
$9,950

This is an estimate only. Not a lender, not a loan offer and not a rate quote. Rates: Freddie Mac PMMS weekly average for 2026-10-22: 30-yr 7.32%, 15-yr 6.68%. Tax uses the annual tax amount in the listing; insurance assumes $1,500 a year. Conventional adds 0.5% a year mortgage insurance under 20% down; FHA uses 3.5% minimum down, a 1.75% upfront premium financed and 0.55% a year MIP; VA adds a 2.15% funding fee financed under 5% down and no monthly MI. Talk to a licensed lender for a real quote.

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Questions about this home

How do I schedule a showing of this home?

Use the "Ask about this home" form on this page and include the days and times that work for you. Jeff Crowe will follow up to set up a showing.

How do I get more information about this listing?

Send your question through the form on this page. Listing details come from FMLS and are provided by Berkshire Hathaway HomeServices Georgia Properties, so confirm them before making an offer.

Is this home still available?

This page shows the status reported in FMLS (Active Under Contract) as of the last update. Status can change quickly, so ask through the form to confirm before you tour.

How is the monthly payment estimate calculated?

It uses the list price, an average mortgage rate, the tax amount in the listing (or an estimated tax rate when none is given), estimated insurance and any HOA dues in the listing. It is an estimate only, not a loan offer. Talk to a licensed lender for a real quote.

Where can I see similar homes for sale in Atlanta?

See the similar homes section on this page, or browse all homes for sale in Atlanta, GA.

Beyond homes

Also exploring Georgia investment real estate?

Jeff Crowe is a local, full-service agent with CENTURY 21 The Avenues who also works with buyers and sellers of apartment buildings, churches, commercial property and land across Georgia. The pages below are other property types and investor research, separate from this home listing.

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