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Single Family ResidenceResidential
$524,118$192 / 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 97How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Aug 30, 2026
Last sold for $482,500 on Mar 6, 2021

581 FORMWALT ST SW

ATLANTA, GA 30312
4
Beds
2.5
Baths
2,732 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.
0.18 ac
Lot SizeThe size of the land the home sits on, from county records.
1920
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
9
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.

Valuation

$524K
$509K low$539K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$482,500 · Mar 6, 2021

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$6,157 (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.$251,080 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$48,680
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$202,400
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$235,880
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$627,700

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.Single Family Residence
StyleThe architectural style of the home, such as ranch or colonial.Conventional
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.2015
Lot (acres)The size of the land the home sits on, from county records.0.18
HeatingThe type of heating system in the home.Yes
CoolingThe type of cooling or air conditioning in the home.Yes
FireplaceWhether the home has a fireplace, and what kind.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
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Porch · 413 ft²

Transaction History(9)

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 · 0.3 mi
M
Martin Luther King Jr. Middle SchoolC+
Middle · Grades 6–8 · 0.9 mi
H
Maynard Holbrook Jackson High SchoolB
High · Grades 9–12 · 2.0 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

581 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 more than 98% of homes in Mechanicsville
  • Costs less per square foot than 93% of homes in Atlanta 30312
  • Bigger than 94% of homes in Mechanicsville
  • Has a bigger lot than 92% of homes in Mechanicsville
  • Older than 97% 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
$135K$1.3M

This home is worth more than 64% 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$524,118
CheaperTypical $440,946Pricier

Pricier than 64% of homes nearby

Price per ft²$192
CheaperTypical $316Pricier

Pricier than 7% of homes nearby

Living area2,732 ft²
SmallerTypical 1,458 ft²Bigger

Bigger than 92% of homes nearby

Lot size0.18 ac
SmallerTypical 2,265 ft²Bigger

Bigger than 87% of homes nearby

Year built1920
OlderTypical 1995Newer

Newer than 19% of homes nearby

How 581 Formwalt St Sw ranks against every home in each area.
MeasureThis homeMechanicsvilleAtlanta 30312Fulton County
Estimated valuepricier than$524,11898% of homes64% of homes59% of homes
Price per ft²pricier than$19262% of homes7% of homes35% of homes
Living areabigger than2,732 ft²94% of homes92% of homes72% of homes
Lot sizebigger than0.18 ac92% of homes87% of homes41% of homes
Year builtnewer than192019% of homes19% of homes3% of homes

About 581 Formwalt St Sw

How much is 581 Formwalt St Sw, Atlanta, GA worth?

The TopHap Estimate for 581 Formwalt St Sw, Atlanta, GA is $524,118 as of Aug 30, 2026. The likely range is $509,376 to $538,860. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 581 Formwalt St Sw, Atlanta, GA last sell?

581 Formwalt St Sw, Atlanta, GA last sold on Mar 6, 2021 for $482,500, according to the county's recorded deed. TopHap holds 6 recorded sales for this parcel.

How big is 581 Formwalt St Sw, Atlanta, GA?

581 Formwalt St Sw, Atlanta, GA has 4 bedrooms, 2.5 bathrooms, 2,732 square feet of living space and a 0.18-acre lot.

When was 581 Formwalt St Sw, Atlanta, GA built?

581 Formwalt St Sw, Atlanta, GA was built in 1920, making it 106 years old. It is a conventional home. The building has 1 story.

What schools serve 581 Formwalt St Sw, Atlanta, GA?

581 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 581 Formwalt St Sw, Atlanta, GA compare to other homes in Atlanta 30312?

Among the 6,560 homes in Atlanta 30312, it is worth more than 64% of them ($524,118 against a typical $440,946), its price per square foot is higher than 7% of them ($192 against a typical $316), it is bigger than 92% of them (2,732 ft² against a typical 1,458 ft²), its lot is bigger than 87% of them (0.18 ac against a typical 2,265 ft²) and it is newer than 19% of them (1920 against a typical 1995). Measured against all of Fulton County, it is worth more than 59% 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 581 Formwalt St Sw, Atlanta, GA?

The 2025 property tax bill for 581 Formwalt St Sw, Atlanta, GA was $6,157. The county assessed it at $251,080.

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