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CondominiumResidential
$140,000$241 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 95How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Sep 24, 2026
Last sold for $47,500 on Jan 8, 2016

561 FORMWALT ST SW

ATLANTA, GA 30312
Building report
1
Beds
1
Baths
582 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
583 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.
3
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.

Valuation

$140K
$133K low$147K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$47,500 · Jan 8, 2016

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$2,153 (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.$54,760 (2026)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$7,120
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$47,640
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$52,640
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$136,900

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.1991
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(7)

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(1)

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%

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

How this home compares

561 Formwalt St Sw measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth less than 97% of homes in Atlanta 30312
  • Costs more per square foot than 87% of homes in Mechanicsville
  • Among the smallest homes in Mechanicsville
  • Among the smallest lots in Fulton County
  • Older than 77% of homes in Fulton County

What homes are worth in Atlanta 30312

Each bar is how many homes fall in that price range. The marker is this home.

This home
$134K$1.3M

This home is worth more than 3% of homes in Atlanta 30312.

How it measures up in Atlanta 30312

The dot is this home. The mark in the middle is the typical home in Atlanta 30312.

Estimated value$140,000
CheaperTypical $445,782Pricier

Pricier than 3% of homes nearby

Price per ft²$241
CheaperTypical $321Pricier

Pricier than 19% of homes nearby

Living area582 ft²
SmallerTypical 1,458 ft²Bigger

Smaller than almost all homes nearby

Lot size583 ft²
SmallerTypical 2,352 ft²Bigger

Bigger than 2% of homes nearby

Year built1961
OlderTypical 1995Newer

Newer than 35% of homes nearby

How 561 Formwalt St Sw ranks against every home in each area.
MeasureThis homeMechanicsvilleAtlanta 30312Fulton County
Estimated valuepricier than$140,00016% of homes3% of homes3% of homes
Price per ft²pricier than$24187% of homes19% of homes50% of homes
Living areabigger than582 ft²almost no homesalmost no homesalmost no homes
Lot sizebigger than583 ft²3% of homes2% of homesalmost no homes
Year builtnewer than196129% of homes35% of homes23% of homes

About 561 Formwalt St Sw

How much is 561 Formwalt St Sw, Atlanta, GA worth?

The TopHap Estimate for 561 Formwalt St Sw, Atlanta, GA is $140,000 as of Sep 24, 2026. The likely range is $132,608 to $147,392. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 561 Formwalt St Sw, Atlanta, GA last sell?

561 Formwalt St Sw, Atlanta, GA last sold on Jan 8, 2016 for $47,500, according to the county's recorded deed. TopHap holds 6 recorded sales for this parcel.

How big is 561 Formwalt St Sw, Atlanta, GA?

561 Formwalt St Sw, Atlanta, GA has 1 bedrooms, 1 bathrooms, 582 square feet of living space and a 0.01-acre lot.

When was 561 Formwalt St Sw, Atlanta, GA built?

561 Formwalt St Sw, Atlanta, GA was built in 1961, making it 65 years old. It is a condo/apartment home. The building has 1 story.

What schools serve 561 Formwalt St Sw, Atlanta, GA?

561 Formwalt St Sw, Atlanta, GA is assigned to Dunbar Elementary School (elementary), rated C-; Martin Luther King Jr. Middle School (middle), rated C+; Maynard Holbrook Jackson High School (high), rated B. All sit in Atlanta City School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 561 Formwalt St Sw, Atlanta, GA compare to other homes in Atlanta 30312?

Among the 6,570 homes in Atlanta 30312, it is worth more than 3% of them ($140,000 against a typical $445,782), its price per square foot is higher than 19% of them ($241 against a typical $321), it is bigger than almost none of them (582 ft² against a typical 1,458 ft²), its lot is bigger than 2% of them (583 ft² against a typical 2,352 ft²) and it is newer than 35% of them (1961 against a typical 1995). Measured against all of Fulton County, it is worth more than 3% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 561 Formwalt St Sw, Atlanta, GA?

The 2025 property tax bill for 561 Formwalt St Sw, Atlanta, GA was $2,153. The county assessed it at $54,760.

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