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CondominiumResidential
Last sold for $22,000 on Jun 15, 2012

571 FORMWALT ST SW

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 units583–620 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.
$116K
Median unit valueThe middle unit value in this building by our estimate: half the units are worth more, half less.
$197
Median $/ft²The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.

-43.1%vs the Atlanta ZIP median sale $/ft² ($347)

Sales Performance

$125K
Median sale (12 mo)The middle sale price among this building's units that sold in the last 12 months, from recorded deeds.
-12.6%
1-yr changeHow the building's median sale price over the last 12 months compares with the 12 months before that.
1
Sales (12 mo)Units in this building that sold in the last 12 months, from recorded arms-length deeds.
10.0%
Turnover (12 mo)The share of units that changed hands in the last 12 months. Around 4–6% a year is typical; much higher can signal investor churn or a wave of exits.
This building's own appreciationThe building's own appreciation: for every unit that sold twice (held over a year), we compute its yearly price change between the two sales and take the middle value. This is the cleanest read on how this specific building performs, because it compares each unit to itself.
-1.3%per yeartypical hold 8.4 yrsfrom 12 same-unit resales
Median sale price (yearly, all time)Every recorded arms-length sale in the building since records begin, grouped by year: the bars count sales and the line tracks the median price paid.MedianSales
20052012201320172018202220242026
Sale price per ft² (yearly, all time)The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.$/ft²
20052012201320172018202220242026

26 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.
$105K$112K$118K$125K583 ft²590 ft²598 ft²605 ft²613 ft²620 ft²
1 bd
1 bed
10 units
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 · 620 ft²
3 units
1 bd · 1 ba · 583 ft²
2 units
1 bd · 1 ba · 584 ft²
2 units
1 bd · 1 ba · 587 ft²
2 units
One-off layouts
1 unit

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.

$105K–$105K
1 unit
$113K–$113K
2 units
$115K–$117K
6 units
$125K–$125K
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.40%
Company-ownedUnits owned through an LLC, trust, or other company — a rough proxy for investor ownership.0%
Typical owner tenureThe middle number of years since each unit last changed hands — how long the current owners have been in place.8.2 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.75%
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.36%
Median owner equityThe middle dollar amount of equity (value minus loans) unit owners hold in this building.$130,043
Median tax billThe middle annual property tax bill among the building's units.$1,681
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 6Mar 10, 2026$125,000Unit 4Jan 16, 2025$143,000Unit 3Sep 6, 2024$138,500Unit 4Oct 14, 2022$161,000Unit 1Jan 17, 2019$100,000Unit 10Jul 27, 2018$92,500Unit 8Jul 5, 2018$91,900Unit 1Apr 25, 2018$89,900Unit 5Nov 3, 2017$84,000BuildingJun 7, 2017$68,500

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

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$1,736 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$54,480 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$7,080
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$47,400
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$62,360
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$136,200

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

Transaction History(5)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Foreclosure Filings(2)

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.

571 Formwalt St Sw
2 bd · 1 ba · 588 ft²
$125K
571 Formwalt St Sw
1 bd · 1 ba · 618 ft²
$117K
571 Formwalt St Sw
1 bd · 1 ba · 587 ft²
$125K
571 Formwalt St Sw # 2
1 bd · 1 ba · 588 ft²
$116K
571 Formwalt St Sw # 3
1 bd · 1 ba · 620 ft²
$113K
571 Formwalt St Sw # 4
1 bd · 1 ba · 620 ft²
$105K
571 Formwalt St Sw
1 bd · 1 ba · 583 ft²
$115K
571 Formwalt St Sw # 6
1 bd · 1 ba · 583 ft²
$113K
571 Formwalt St Sw
1 bd · 1 ba · 584 ft²
$117K
571 Formwalt St Sw # 8
1 bd · 1 ba · 584 ft²
$117K
571 Formwalt St Sw # 10
1 bd · 1 ba · 620 ft²
$117K
571 Formwalt St Sw # 11
1 bd · 1 ba · 587 ft²
$117K

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

About 571 Formwalt St

How many units are in 571 Formwalt St, Atlanta, GA?

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

What is a unit at 571 Formwalt St, Atlanta, GA worth?

The median TopHap Estimate across the 10 units at 571 Formwalt St, Atlanta, GA is $116,335. That works out to $197 per square foot. Units run from 583 to 620 square feet. Estimates are modelled from recorded sales and assessments, not appraisals.

Is 571 Formwalt St, Atlanta, GA expensive for Atlanta?

Units at 571 Formwalt St, Atlanta, GA carry a median of $197 per square foot, 43% below the Atlanta median of $347 per square foot.

How often do units sell at 571 Formwalt St, Atlanta, GA?

1 units at 571 Formwalt St, Atlanta, GA sold in the last 12 months, out of 26 recorded arms-length sales all time. That is a turnover rate of 10.0% of the building per year. The median sale over that period was $125K.

Have units at 571 Formwalt St, Atlanta, GA appreciated?

Across 12 repeat sales of the same unit, 571 Formwalt St, Atlanta, GA returned a median -1.3% 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 8.4 years.

What floor plans does 571 Formwalt St, Atlanta, GA have?

The most common plan at 571 Formwalt St, Atlanta, GA is a 1-bedroom of 620 square feet, repeated 3 times, with a median estimate of $112,754. TopHap identifies 4 recurring plans in the building.

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