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CondominiumResidential

561 Formwalt St

ATLANTA, GA 30312
618 ft²
Lot SizeThe size of the land the home sits on, from county records.
1961
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
Built 196110 units582–620 ft²
$1.2M
All units combinedThe sum of our current value estimates for every unit in the building — roughly what the whole building's homes are worth together.
$121K
Median unit valueThe middle unit value in this building by our estimate: half the units are worth more, half less.
$203
Median $/ft²The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.

-42.9%vs the Atlanta ZIP median sale $/ft² ($356)

Sales Performance

$122K
Median sale (12 mo)The middle sale price among this building's units that sold in the last 12 months, from recorded deeds.
-12.3%
1-yr changeHow the building's median sale price over the last 12 months compares with the 12 months before that.
3
Sales (12 mo)Units in this building that sold in the last 12 months, from recorded arms-length deeds.
30.0%
Turnover (12 mo)The share of units that changed hands in the last 12 months. Around 4–6% a year is typical; much higher can signal investor churn or a wave of exits.
This building's own appreciationThe building's own appreciation: for every unit that sold twice (held over a year), we compute its yearly price change between the two sales and take the middle value. This is the cleanest read on how this specific building performs, because it compares each unit to itself.
+1.7%per yeartypical hold 5.6 yrsfrom 18 same-unit resales
Median sale price (yearly, all time)Every recorded arms-length sale in the building since records begin, grouped by year: the bars count sales and the line tracks the median price paid.MedianSales
20052006201220132016201920252026
Sale price per ft² (yearly, all time)The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.$/ft²
20052006201220132016201920252026

32 arms-length sales on record for this building.

Unit Mix & Floor PlansThe building's recurring floor plans, found by grouping units with identical beds, baths and square footage in county records. Larger groups are the building's standard layouts; leftover units have one-off sizes.

Every unit: size vs estimated valueEvery unit in the building as one dot: across is its size, up is our current value estimate, and color is its bedroom count. Vertical columns of dots are recurring floor plans; the height spread within a column shows how much floor, view and condition move prices for the same layout.
$114K$123K$131K$140K582 ft²590 ft²597 ft²605 ft²612 ft²620 ft²
1 bd2 bd
1 bed
9 units
2 bed
1 unit
Recurring floor plansThe building's recurring floor plans, found by grouping units with identical beds, baths and square footage in county records. Larger groups are the building's standard layouts; leftover units have one-off sizes.
1 bd · 1 ba · 588 ft²
3 units
1 bd · 1 ba · 620 ft²
3 units
1 bd · 1 ba · 583 ft²
2 units
One-off layouts
2 units

Value DistributionHow the building's units spread across value ranges by our current estimates. A wide spread usually means big differences in size, floor or view.

$114K–$114K
1 unit
$118K–$120K
3 units
$121K–$123K
4 units
$135K–$135K
1 unit
$140K–$140K
1 unit

Ownership & Financing

Owner-occupiedThe share of units where the owner lives in the unit, per county records. The rest are second homes or rentals.0%
Company-ownedUnits owned through an LLC, trust, or other company — a rough proxy for investor ownership.20%
Typical owner tenureThe middle number of years since each unit last changed hands — how long the current owners have been in place.6.2 yrs
Cash purchases (5 yrs)The share of purchases in the last 5 years with no mortgage recorded. High cash share is common in second-home and investor buildings.50%
Avg. loan-to-valueAverage current loan balance against unit value across the building. Low numbers mean owners hold lots of equity — a sign of financial stability.34%
Median owner equityThe middle dollar amount of equity (value minus loans) unit owners hold in this building.$130,176
Median tax billThe middle annual property tax bill among the building's units.$2,158
Pre-foreclosure noticesUnits with an active pre-foreclosure or foreclosure notice on file.0

Recent SalesThe latest recorded arms-length sales in the building, newest first.

Unit 2Aug 5, 2026$120,000Unit 10Mar 5, 2026$121,500Unit 12Oct 28, 2025$132,500Unit 6Jun 4, 2025$138,500Unit 12Oct 14, 2022$135,000Unit 3Aug 19, 2022$150,000Unit 10Jan 24, 2019$92,500Unit 12Jun 22, 2016$82,000Unit 5Feb 3, 2016$47,500Unit 7Feb 3, 2016$47,500

Values are TopHap estimates, not appraisals. Sales, ownership and tax figures come from recorded county documents via ATTOM and can lag by several weeks.

Climate Risk

Overall riskThe average of the five hazard scores below, on a 0 to 100 scale. Higher means greater projected risk over the coming decades.41
1
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
1
WildfireProjected wildfire risk, scored 0 to 100, based on how much land burns in a typical year. Higher is riskier.
86
HeatProjected heat risk, scored 0 to 100, based on how many extremely hot days a year are expected. Higher is riskier.
80
StormProjected risk from heavy rainstorms, scored 0 to 100, based on how often extreme rainfall is expected. Higher is riskier.
38
DroughtProjected water shortage risk, scored 0 to 100. Higher means more strain on the local water supply.

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Condominium
StyleThe architectural style of the home, such as ranch or colonial.Condo/Apartment
CountyFULTON
Effective Year BuiltAn adjusted build year that accounts for condition and major remodels. A big renovation can make a home count as newer than it is.1995
Lot (acres)The size of the land the home sits on, from county records.0.01
HeatingThe type of heating system in the home.Yes
CoolingThe type of cooling or air conditioning in the home.Yes
PoolWhether the property has a pool, and what kind, such as in-ground.No
ViewThe type of view from the property, or another feature of the site that affects value.Neighborhood / Spot

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Dunbar Elementary SchoolC-
Elementary · Grades PK–5 · 0.4 mi
M
Martin Luther King Jr. Middle SchoolC+
Middle · Grades 6–8 · 0.8 mi
H
Maynard Holbrook Jackson High SchoolB
High · Grades 9–12 · 1.9 mi

District: Atlanta City School District

Neighborhood · ZIP 30312These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.147
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.86
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.53

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.92%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.34%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.19%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.3%
PopulationHow many people live in this area.25,116
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.7,796 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$81,085
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$108,283
Average tempThe average temperature here across a full year.61°F
Annual precipHow much rain and melted snow falls here in a typical year.52 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.61%

All UnitsEvery property record the county has at this street address, such as the units in a condo building. Prices shown are our estimates, not asking prices.

561 Formwalt St Sw
1 bd · 1 ba · 588 ft²
$123K
561 Formwalt St Sw # 2
1 bd · 1 ba · 588 ft²
$119K
561 Formwalt St Sw # 3
1 bd · 1 ba · 620 ft²
$123K
561 Formwalt St Sw
1 bd · 1 ba · 583 ft²
$135K
561 Formwalt St Sw
1 bd · 1 ba · 583 ft²
$122K
561 Formwalt St Sw # 7
1 bd · 1 ba · 582 ft²
$140K
561 Formwalt St Sw # 9
1 bd · 1 ba · 620 ft²
$121K
561 Formwalt St Sw # 10
1 bd · 1 ba · 620 ft²
$114K
561 Formwalt St Sw # 11
1 bd · 1 ba · 588 ft²
$118K
561 Formwalt St Sw # 12
2 bd · 1 ba · 588 ft²
$120K

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

About 561 Formwalt St

How many units are in 561 Formwalt St, Atlanta, GA?

561 Formwalt St, Atlanta, GA has 10 residential units across built in 1961, according to county assessor records.

What is a unit at 561 Formwalt St, Atlanta, GA worth?

The median TopHap Estimate across the 10 units at 561 Formwalt St, Atlanta, GA is $121,424. That works out to $203 per square foot. Units run from 582 to 620 square feet. Estimates are modelled from recorded sales and assessments, not appraisals.

Is 561 Formwalt St, Atlanta, GA expensive for Atlanta?

Units at 561 Formwalt St, Atlanta, GA carry a median of $203 per square foot, 43% below the Atlanta median of $356 per square foot.

How often do units sell at 561 Formwalt St, Atlanta, GA?

3 units at 561 Formwalt St, Atlanta, GA sold in the last 12 months, out of 32 recorded arms-length sales all time. That is a turnover rate of 30.0% of the building per year. The median sale over that period was $122K.

Have units at 561 Formwalt St, Atlanta, GA appreciated?

Across 18 repeat sales of the same unit, 561 Formwalt St, Atlanta, GA returned a median 1.7% per year. Because each pair is the same unit bought and sold, the figure is not distorted by which units traded. The median owner held for 5.6 years.

What floor plans does 561 Formwalt St, Atlanta, GA have?

The most common plan at 561 Formwalt St, Atlanta, GA is a 1-bedroom of 588 square feet, repeated 3 times, with a median estimate of $118,839. TopHap identifies 3 recurring plans in the building.

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