Active Under Contract$99,500
2 bd1 ba620 SFCondo
561 Formwalt Street SW Unit 10
Atlanta, GA 30312 · Capitol City Square · 83 days listed
FMLS #7816222 · Listing Provided By Berkshire Hathaway HomeServices Georgia Properties · 404-537-5200
Active20 days listed
870 MAYSON TURNER Road NW Unit 1127, Atlanta, GA 30314
- 2bd
- 2ba
- 991SF
- 0.03ac lot
FMLS #7850776 · Listing Provided By Keller Williams Realty West Atlanta · 470-907-8266 · Listing agent Brandon Black
Location
870 MAYSON TURNER Road NW Unit 1127, Atlanta GA 30314
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About this home
Discover sophisticated urban living at The Washington Condos. Constructed in 2007, this 991-square-foot residential property, featuring two bedrooms and two bathrooms, presents an attractive and well-maintained condition ideal for the discerning buyer. This property represents an exceptional opportunity to be less than a mile from Mercedes Benz Stadium and accessible to Morehouse, Spelman, and Clark Atlanta. 25% Rental Cap Is being enforced - No Short-term Rentals - Not FHA approved - No Seller Financing - - HOA Fees are $470/mo - - Owner is Agent
How this list price compares in Atlanta
- List price is 74% below the Atlanta median list price of $380,000 (5,382 homes).
- Compared with 1,862 condos in Atlanta: 66% below the median of $295,000.
- List price per square foot is 61% below the Atlanta median of $255/SF.
- All 5,382 homes for sale in Atlanta, GA.
- 6,734 homes for sale in Fulton County.
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
- Bedrooms
- 2
- Full baths
- 2
- Living area
- 991 SF
- Lot size
- 0.03 acres
- Year built
- 2007
- Levels
- One
- Main-level bedrooms
- 2
- Parking
- Assigned, Covered
- Style
- Traditional
- Construction
- HardiPlank Type, Other
- Roof
- Other
- Flooring
- Luxury Vinyl
- Heating
- Electric, Heat Pump, Central
- Cooling
- Central Air, Heat Pump, Electric
- Appliances
- Electric Cooktop, Electric Water Heater, Dishwasher, Microwave
- Pool
- In Ground
- Lot
- Other
- Community
- Near Beltline, Gated, Dog Park, Fitness Center
- HOA
- $5,640 annually
- Annual tax
- $2,800 (2025)
- County
- Fulton
Assigned schools
- HighBooker T. Washington
- MiddleM.R. Hollis Innovation Academy
- ElementaryM.R. Hollis Innovation Academy
As reported in the listing. Verify with the school district.
Payment estimate
Estimate the monthly payment
Prefilled with the list price of $99,000 and this week's average rate. Change anything to see your number.
Estimated monthly payment
$1,478/mo
- Principal and interest
- $612
- Property tax
- $233
- Home insurance
- $125
- Mortgage insurance
- $37
- HOA dues
- $470
- Loan amount
- $89,100
- Cash down
- $9,900
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 Keller Williams Realty West Atlanta, so confirm them before making an offer.
Is this home still available?
This page shows the status reported in FMLS (Active) 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.
Other property types for sale
- apartment buildings for sale in GAApartment buildings and complexes for sale across Georgia.
- multifamily investment opportunities in GeorgiaDuplexes to large complexes, with screening cap rates on each building.
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- commercial properties for sale in GeorgiaOffice, retail, industrial and other commercial buildings.
Investor research and tools
- apartment cap rates in GeorgiaMedian screening cap rates on Georgia and Atlanta apartment asks, with sample sizes.
- NOI for apartment buildingsHow NOI is built on an apartment building, line by line, and where listing NOI goes wrong.
- debt service coverage ratio explainedDSCR loans for apartment buildings: the 1.25x test, what lenders size on, and Georgia asks.
- apartment building loans explainedConventional, DSCR, bank, agency, bridge and seller financing for apartment and commercial buildings.
- multifamily cap rate calculatorBuild NOI from rents and expenses, then solve for cap rate, price, or value.
- multifamily investment calculatorRent roll, expenses and the loan in one model: NOI, DSCR, cash-on-cash, cash flow, PDF.
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