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  5. Capitol City Square Condos
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Capitol City Square Condos

571 Formwalt Street, Atlanta, GA, 30312

YEAR BUILT

1961

# STORIES

# TOTAL UNITS

12

UNIT SIZE RANGE

-

Description

Capitol City Square Condos sits at 571 Formwalt Street in Atlanta. The building is near the intersection of Ralph David Abernathy Blvd SW and Peeples St SW. The Chattahoochee River adds a natural touch to the area. Constructed in 1961, this condominium building has a simple, practical design. The building consists of 12 units, each with 2 bedrooms. Unit sizes range widely, offering varied living options. Prices for units range from $138,500 to $161,000. The average closed price sits at $138,500, with an average price per square foot of $224. Residents spend an average of 181 days on the market before selling. Nearby amenities include public transportation and access to trails and greenways. Local grocery stores like Nick's Market Place and Sweet Grocery and Deli make shopping easy. Dining options such as BBQ Suite are also close by. This building supports a mix of urban life and outdoor enjoyment. It holds potential for those looking to engage with the local community while enjoying the quiet charms of the neighborhood.

Building ImageMLS ID #7349436
Building ImageMLS ID #7349436
Building Image
Building ImageView Listing

Capitol City Square Condos

571 Formwalt Street, Atlanta, GA, 30312

YEAR BUILT

1961

# STORIES

# TOTAL UNITS

12

UNIT SIZE RANGE

-

Description

Capitol City Square Condos sits at 571 Formwalt Street in Atlanta. The building is near the intersection of Ralph David Abernathy Blvd SW and Peeples St SW. The Chattahoochee River adds a natural touch to the area. Constructed in 1961, this condominium building has a simple, practical design. The building consists of 12 units, each with 2 bedrooms. Unit sizes range widely, offering varied living options. Prices for units range from $138,500 to $161,000. The average closed price sits at $138,500, with an average price per square foot of $224. Residents spend an average of 181 days on the market before selling. Nearby amenities include public transportation and access to trails and greenways. Local grocery stores like Nick's Market Place and Sweet Grocery and Deli make shopping easy. Dining options such as BBQ Suite are also close by. This building supports a mix of urban life and outdoor enjoyment. It holds potential for those looking to engage with the local community while enjoying the quiet charms of the neighborhood.

Next

Description

Capitol City Square Condos sits at 571 Formwalt Street in Atlanta. The building is near the intersection of Ralph David Abernathy Blvd SW and Peeples St SW. The Chattahoochee River adds a natural touch to the area. Constructed in 1961, this condominium building has a simple, practical design. The building consists of 12 units, each with 2 bedrooms. Unit sizes range widely, offering varied living options. Prices for units range from $138,500 to $161,000. The average closed price sits at $138,500, with an average price per square foot of $224. Residents spend an average of 181 days on the market before selling. Nearby amenities include public transportation and access to trails and greenways. Local grocery stores like Nick's Market Place and Sweet Grocery and Deli make shopping easy. Dining options such as BBQ Suite are also close by. This building supports a mix of urban life and outdoor enjoyment. It holds potential for those looking to engage with the local community while enjoying the quiet charms of the neighborhood.

Capitol City Square Condos Key Stats Last 12 months

Avg. Listed Price$117,500($202/Sqft.)

Avg. Sale Price$138,500($224/Sqft.)
Year over year list priceDown Arrow21.14%

Year over year sale price 0.00%
Total Listings1 Listed

Total sold1 Sold
Average Days on Market181 days

Average HOA fees per sqft$2 /monthly
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Key Stats

Year over year list priceDown Arrow21.14%

Year over year sale price0.00%
Total Listings1 Listed

Total sold1 Sold
Average Days on Market181 days

Average HOA fees per sqft$2 /monthly

Glen Gardens Estate Availability & Demand

Unit Availability

Medium
High availability buildings list units frequently.

Unit Availability helps to understand how often units in a particular building are listed for sale as compared with the neighborhood average. Units are rarely listed in buildings with low availability.

Unit Demand

High
Units in high-demand buildings sell quicker.

Unit Demand is a measure of quickly units in a particular building sell as compared with other buildings in the neighborhood. Units in high-demand buildings sell more quickly.

For Sale 0 For Sale

Capitol City Square Condos Inventory & Sale History

UnitSize (sqft)BedsBathsDays On MarketDateStatusPrice
Unit 33-211812024-09-04
MLS#: 7349436
Closed$138,500
Unit 44-21232022-10-14
MLS#: 7111402
Closed$161,000
Unit 1010-2-502018-06-27
MLS#: 6008431
Closed$92,500
Unit 10
10

2 Beds

Baths

- sqft


DateStatusPrice
2018-06-27Closed$92,500
MLS#: 6008431
Days On Market50
Unit 3
3

2 Beds

1 Baths

- sqft


DateStatusPrice
2024-09-04Closed$138,500
MLS#: 7349436
Days On Market181
Unit 4
4

2 Beds

1 Baths

- sqft


DateStatusPrice
2022-10-14Closed$161,000
MLS#: 7111402
Days On Market23
View Complete Unit Listing HistorySource By: FMLS

Amenities

One of the standout features of living at Capitol City Square is the amenity access. Whether you're a fan of outdoor activities or enjoy the convenience of public transport, this building has you covered! The close proximity to public transportation means getting around Atlanta is a breeze. Plus, being near trails and greenways allows you to soak in the beauty of nature without venturing far. Imagine weekend picnics, leisurely strolls, or an energetic jog right outside your door.

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Amenities Description

One of the standout features of living at Capitol City Square is the amenity access. Whether you're a fan of outdoor activities or enjoy the convenience of public transport, this building has you covered! The close proximity to public transportation means getting around Atlanta is a breeze. Plus, being near trails and greenways allows you to soak in the beauty of nature without venturing far. Imagine weekend picnics, leisurely strolls, or an energetic jog right outside your door.

Parking
Parking
Locker
Locker
Concierge
Concierge
Elevator(s)
Elevator(s)
Central AC
Central AC
Pool
Pool
Fitness Center
Fitness Center
-
Visitors Parking
Visitors Parking
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Amenities

Fire Alarm

Fire Alarm

Balcony

Balcony

Smoke Detector(s)

Smoke Detector(s)

Policies

While specific building policies aren't provided, it’s helpful to know that most condo associations have guidelines to maintain the community’s integrity and comfort. Generally, these policies can cover anything from pet rules to shared space usage. Always a smart idea to chat with the property management if you have specific questions in mind during your house hunt!

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Amenities Description

While specific building policies aren't provided, it’s helpful to know that most condo associations have guidelines to maintain the community’s integrity and comfort. Generally, these policies can cover anything from pet rules to shared space usage. Always a smart idea to chat with the property management if you have specific questions in mind during your house hunt!

Pet Allowed
Pet Allowed
BBQ Permitted
BBQ Permitted
Sublet Allowed
Sublet Allowed
Short-term Rental Allowed
Short-term Rental Allowed

Compare with Buildings in the Neighbourhood (Last 12 Months)

Compare building's average price/sq. ft. and HOA fees/sq. ft. to buildings nearby

Building NameAvg price per square footAVG HOA FEE per square foot (Monthly)
Capitol City Square Condos$224/sqft.$2 /sqft.
561 Formwalt St Sw$232/sqft.$2 /sqft.
Capital City Square Condos$226/sqft.$2 /sqft.
502 Pryor St$177/sqft.$3 /sqft.
Cityside Lofts$177/sqft.$3 /sqft.
432 Ira St Sw$199/sqft.$5 /sqft.

Nearby Schools

Capitol City Square Condos is situated close to local schools in Mechanicsville, Atlanta. Nearby educational institutions within 2 miles support daily convenience. Families enjoy improved accessibility and reduced commute stress. This location promotes a family-oriented environment.

Dunbar Elementary School

D+
Public|Grades PK–5
500 Whitehall Ter ...|0.37 miles away

The Life School of Atlanta

--
Private|Grades 9–12
217 Walker St SW|0.77 miles away

Gideons Elementary School

C-
Public|Grades PK–5
897 Welch St SW|0.84 miles away

Martin Luther King Jr. Middle School

C-
Public|Grades 6–8
545 Hill St SE|0.85 miles away

Imagine Wesley International Academy Charter Facility

B-
Public|Grades KG–8
211 Memorial Dr SE|0.97 miles away

Department of Human Resources

--
Public|Grades PK–12
2 Peachtree St NW|1.06 miles away
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Schools

arrow rightWhat to know about schoolsarrow right
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Description

Capitol City Square Condos is situated close to local schools in Mechanicsville, Atlanta. Nearby educational institutions within 2 miles support daily convenience. Families enjoy improved accessibility and reduced commute stress. This location promotes a family-oriented environment.

Dunbar Elementary School

D+
Public|Grades PK–5
500 Whitehall Ter ...|Less than 1 Mile Away

The Life School of Atlanta

--
Private|Grades 9–12
217 Walker St SW|Less than 1 Mile Away

Gideons Elementary School

C-
Public|Grades PK–5
897 Welch St SW|Less than 1 Mile Away

Martin Luther King Jr. Middle School

C-
Public|Grades 6–8
545 Hill St SE|Less than 1 Mile Away

Imagine Wesley International Academy Charter Facility

B-
Public|Grades KG–8
211 Memorial Dr SE|Less than 1 Mile Away

Department of Human Resources

--
Public|Grades PK–12
2 Peachtree St NW|1.06 Miles Away

Barack & Michelle Obama Academy

D
Public|Grades PK–5
970 Martin St SE|1.06 Miles Away

Atlanta Neighborhood Charter - Elementary School

B+
Public|Grades KG–5
688 Grant St SE|1.14 Miles Away

St Nicholas Orthodox Academy

--
Private|Grades KG–8
543 Cherokee Ave S...|1.23 Miles Away

G. W. Carver High School

D-
Public|Grades 9–12
55 McDonough Blvd ...|1.44 Miles Away

Early College High School at Carver

B+
Public|Grades 9–12
55 McDonough Blvd ...|1.45 Miles Away

Slater Elementary School

D
Public|Grades KG–5
1320 Pryor Rd SW|1.46 Miles Away

Herman J. Russell West End Academy

C-
Public|Grades 6–8
765 Peeples St SW|1.52 Miles Away

Cristo Rey Atlanta Jesuit High School

--
Private|Grades 9–12
222 Piedmont Ave N...|1.63 Miles Away

M. Agnes Jones Elementary School

C-
Public|Grades EE–5
1040 Fair St SW|1.64 Miles Away

The New School Atlanta

--
Private|Grades 9–12
655 Memorial Dr SE|1.75 Miles Away

Hollis Innovation Academy

D
Public|Grades EE–8
225 James P Brawle...|1.76 Miles Away

Booker T. Washington High School

D+
Public|Grades 9–12
45 Whitehouse Dr S...|1.77 Miles Away

Parkside Elementary School

C
Public|Grades PK–5
685 Mercer St SE|1.79 Miles Away

Slam Academy of Atlanta

F
Public|Grades KG–5
1150 Westview Dr S...|1.80 Miles Away

Hope - Hill Elementary School

C-
Public|Grades PK–5
112 Boulevard NE|1.81 Miles Away

Maynard Holbrook Jackson High School

B-
Public|Grades 9–12
801 Glenwood Ave S...|1.93 Miles Away

Transit

Located in Mechanicsville, Capitol City Square Condos is surrounded by 50+ public transit options within 2 miles. Residents enjoy easy access to well-connected transit routes serving key areas of Atlanta. Reliable public transportation simplifies commuting and enhances everyday mobility. This accessible setting promotes a connected and efficient urban lifestyle.

ARTHUR LANGFORD JR PL SW @ 220

1.74 miles away|34 min walk

ARTHUR LANGFORD JR PL SW @ BOOKER ST SW

1.87 miles away|36 min walk

ARTHUR LANGFORD JR PL SW @ BOWEN CIR SW

1.74 miles away|34 min walk

ARTHUR LANGFORD JR PL SW @ JOYLAND PL

1.77 miles away|34 min walk

ARTHUR LANGFORD JR PL SW @ PRYOR RD SW

1.74 miles away|34 min walk

ASHBY STATION

1.72 miles away|33 min walk
Next

Transit

arrow rightWhat to know about transitarrow right
Next

Description

Located in Mechanicsville, Capitol City Square Condos is surrounded by 50+ public transit options within 2 miles. Residents enjoy easy access to well-connected transit routes serving key areas of Atlanta. Reliable public transportation simplifies commuting and enhances everyday mobility. This accessible setting promotes a connected and efficient urban lifestyle.

ARTHUR LANGFORD JR PL SW @ 220

1.74 miles away|34 min walk

ARTHUR LANGFORD JR PL SW @ BOOKER ST SW

1.87 miles away|36 min walk

ARTHUR LANGFORD JR PL SW @ BOWEN CIR SW

1.74 miles away|34 min walk

ARTHUR LANGFORD JR PL SW @ JOYLAND PL

1.77 miles away|34 min walk

ARTHUR LANGFORD JR PL SW @ PRYOR RD SW

1.74 miles away|34 min walk

ASHBY STATION

1.72 miles away|33 min walk

ASHBY STATION - NORTHBOUND

1.71 miles away|33 min walk

ASHBY STATION - SOUTHBOUND

1.73 miles away|34 min walk

ATLANTA AVE @ CHEROKEE AVE

1.42 miles away|28 min walk

ATLANTA AVE SE @ BOULEVARD SE

1.65 miles away|32 min walk

ATLANTA AVE SE @ CHEROKEE AVE SE

1.42 miles away|28 min walk

ATLANTA AVE SE @ CONNALLY ST SE

1.05 miles away|21 min walk

ATLANTA AVE SE @ FRASER ST SE

0.81 miles away|16 min walk

ATLANTA AVE SE @ GRANT TER SE

1.09 miles away|21 min walk

ATLANTA AVE SE @ HANK AARON DR

0.77 miles away|15 min walk

ATLANTA AVE SE @ MARION AVE SE

1.83 miles away|36 min walk

ATLANTA AVE SE @ MARTIN ST SE

0.89 miles away|17 min walk

ATLANTA STUDENT MOVEMENT BLVD @ ELM ST SW

1.03 miles away|20 min walk

ATLANTA STUDENT MOVEMENT BLVD @ EUHARLEE ST SW

1.37 miles away|27 min walk

ATLANTA STUDENT MOVEMENT BLVD @ EUHRLEE ST SW

1.37 miles away|27 min walk

ATLANTA STUDENT MOVEMENT BLVD @ JAMES P BRAWLEY DR SW

1.21 miles away|24 min walk

ATLANTA STUDENT MOVEMENT BLVD @ JOHN HOPE DR SW

1.09 miles away|21 min walk

ATLANTA STUDENT MOVEMENT BLVD @ LAWSHE ST SW

1.1 miles away|22 min walk

ATLANTA STUDENT MOVEMENT BLVD @ MILTON ST SW

1.29 miles away|25 min walk

ATLANTA STUDENT MOVEMENT BLVD @ NORTHSIDE DR SW

0.85 miles away|17 min walk

ATLANTA STUDENT MOVEMENT BLVD @ OGDEN ST SW

1.41 miles away|27 min walk

ATLANTA STUDENT MOVEMENT BLVD @ WALNUT ST SW

0.93 miles away|18 min walk

AUBURN AVE NE @ HILLIARD ST NE

1.55 miles away|30 min walk

AUBURN AVE NE @ JESSE HILL JR DR NE

1.42 miles away|28 min walk

AUBURN AVE @ PIEDMONT AVE

1.35 miles away|26 min walk

AUBURN AVE @ WILLIAM H BORDERS SR DR

1.61 miles away|31 min walk

AUBURN POINTE DR @ VERANDA CIR

1.31 miles away|26 min walk

AVON AVE SW @ MURPHY AVE SW

1.94 miles away|38 min walk

Baker St at Peachtree St

1.65 miles away|32 min walk

Baker St at Williams St

1.61 miles away|31 min walk

Baker Street & Peachtree Street (Truist

1.65 miles away|32 min walk

BOULEVARD NE @ CAIN ST NE

1.94 miles away|38 min walk

BOULEVARD NE @ FREEDOM PKWY NE

1.96 miles away|38 min walk

BOULEVARD NE @ IRWIN ST NE

1.84 miles away|36 min walk

BOULEVARD NE @ OLD WHEAT ST NE

1.76 miles away|34 min walk

BOULEVARD SE @ ATLANTA AVE

1.69 miles away|33 min walk

BOULEVARD SE @ ATLANTA AVE SE

1.67 miles away|33 min walk

BOULEVARD SE @ BERNE ST

1.57 miles away|31 min walk

BOULEVARD SE @ BERNE ST SE

1.58 miles away|31 min walk

BOULEVARD SE @ CHAMBERLAIN ST SE

1.67 miles away|32 min walk

BOULEVARD SE @ DECATUR ST SE

1.62 miles away|32 min walk

BOULEVARD SE @ DELMAR AVE

1.64 miles away|32 min walk

BOULEVARD SE @ DELMAR AVE SE

1.63 miles away|32 min walk

BOULEVARD SE @ EDGEWOOD AVE SE

1.68 miles away|33 min walk

BOULEVARD SE @ ENGLEWOOD AVE SE

1.98 miles away|38 min walk

The Neighbourhood: Mechanicsville

Mechanicsville sits south of downtown Atlanta near Grant Park and the Martin Luther King Jr. National Historical Park. This district contains large green space at Grant Park and hosts community events. Zoo Atlanta offers animal exhibits and family outings within walking distance. Oakland Cemetery contains historic plots and calm garden areas that people visit. Underground Atlanta presents shops and seasonal events for visitors. Centennial Olympic Park supplies open lawns and memorials for city gatherings. Paschal's and The Varsity serve classic Southern meals and quick bites to local diners. Fox Bros. Bar-B-Q and Sweet Auburn Curb Market give more dining choices for the public. The Atlanta BeltLine trail attracts walkers and cyclists through nearby corridors. MARTA trains and buses connect travelers to Five Points and King Memorial stations. The Atlanta Streetcar links downtown stops and enhances short trips for riders. Small shops and churches provide everyday services and community programs in many blocks. The Star Bar and local music spots host live shows in the evenings. Community gardens and playgrounds offer places for kids and adults to spend time. Census numbers show the most common age group is 35 to 39 years and one-person households form the largest household type.

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Neighbourhood Description

Mechanicsville sits south of downtown Atlanta near Grant Park and the Martin Luther King Jr. National Historical Park. This district contains large green space at Grant Park and hosts community events. Zoo Atlanta offers animal exhibits and family outings within walking distance. Oakland Cemetery contains historic plots and calm garden areas that people visit. Underground Atlanta presents shops and seasonal events for visitors. Centennial Olympic Park supplies open lawns and memorials for city gatherings. Paschal's and The Varsity serve classic Southern meals and quick bites to local diners. Fox Bros. Bar-B-Q and Sweet Auburn Curb Market give more dining choices for the public. The Atlanta BeltLine trail attracts walkers and cyclists through nearby corridors. MARTA trains and buses connect travelers to Five Points and King Memorial stations. The Atlanta Streetcar links downtown stops and enhances short trips for riders. Small shops and churches provide everyday services and community programs in many blocks. The Star Bar and local music spots host live shows in the evenings. Community gardens and playgrounds offer places for kids and adults to spend time. Census numbers show the most common age group is 35 to 39 years and one-person households form the largest household type.

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Capitol City Square Condos Demographics

This neighborhood indicates a good mix of people which makes it a good place for families. About 17.72% are children aged 0–14, 30.6% are young adults between 15–29, 23.55% are adults aged 30–44, 15.6% are in the 45–59 range and 12.53% are seniors aged 60 and above. Commuting options are also varying where 55.67% of residents relying on driving, while others prefer public transit around 15.46%, walking around 7.61%, biking around 0.71%, allowing residents to choose travel modes that best fit their daily routines. Most homes in the area are with 75.79% of units are rented and 24.21% are owner occupied. The neighborhood offers different household types. About 17.94% are single family homes and 3.17% are multi family units. Around 57.39% are single-person households, while 42.61% are multi person households. This mix works well for families, roommates, and individuals. Education levels in the neighborhood vary widely where 20.51% of residents have bachelor’s degrees. Around 25.81% have high school or college education. Another 6.73% hold diplomas while 15.37% have completed postgraduate studies. The remaining are 31.59% with other types of qualifications.

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Demographics Description

This neighborhood indicates a good mix of people which makes it a good place for families. About 17.72% are children aged 0–14, 30.6% are young adults between 15–29, 23.55% are adults aged 30–44, 15.6% are in the 45–59 range and 12.53% are seniors aged 60 and above. Commuting options are also varying where 55.67% of residents relying on driving, while others prefer public transit around 15.46%, walking around 7.61%, biking around 0.71%, allowing residents to choose travel modes that best fit their daily routines. Most homes in the area are with 75.79% of units are rented and 24.21% are owner occupied. The neighborhood offers different household types. About 17.94% are single family homes and 3.17% are multi family units. Around 57.39% are single-person households, while 42.61% are multi person households. This mix works well for families, roommates, and individuals. Education levels in the neighborhood vary widely where 20.51% of residents have bachelor’s degrees. Around 25.81% have high school or college education. Another 6.73% hold diplomas while 15.37% have completed postgraduate studies. The remaining are 31.59% with other types of qualifications.

Age Demographics

0–14 Years

17.72%

15–29 Years

30.6%

30–44 Years

23.55%

45–59 Years

15.6%

60+ Years

12.53%

Commute

15.46%

Transit

7.61%

Walk

55.67%

Drive

0.71%

Bike

Housing Ownership

24.21%

Owner Occupied

75.79%

Rental Units

Household Types

Single Family
17.94%
Multi Family
3.17%
Single Person
57.39%
Multi Person
42.61%

Average Income

Household:$4,064,173.98 /yr

Individual:$2,700,474.3 /yr

Education

Bachelors Degree20.51%
High School College25.81%
Diploma6.73%
Post Graduate15.37%
Others31.59%
Next

Education

Diploma6.73%
Post Graduate15.37%
Others31.59%
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    Capitol City Square Condos
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