$145,000
$15K PRICE DROP PRE-FORECLOSURE The borrower is in default on their loan obligation and/or the bank or lender has initiated foreclosure proceedings. This property is occupied, do not disturb the occupants. Trespassing is a criminal offense.

1024 Franklin St Winston Salem, NC 27101

Wachovia Highlands Neighborhood

Estimated payment $923/month

Total Views 8,900
5 Beds
2 Baths
1,978 Sq Ft
$73 Price per Sq Ft

Highlights

  • Main Floor Primary Bedroom
  • No HOA
  • Wood Siding

About This Home

**$5k reduction in price and $5 just spent in tree removal and hardscaping**
ATTENTION INVESTORS and DIY homeowners! The owner's loss is your gain! He will add this to his portfolio if it doesn't go quickly. Great chance to make this 1,900+ sq. ft. home a great flip, rental or simply your forever home! Tons of opportunity inside and out for your personal touches and designs! Seven minutes away from WSSU, just over ten minutes from Wake Forest University and minutes from restaurants and shopping. With ARV well over $300k, there's lots of equity in this investment.

Listing Agent

Charlie Abdallah

SM1 Property Solutions License #310203 Listed on: 08/20/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,812

Year Built

  • Built in 1915

Lot Details

  • 9,148 Sq Ft Lot
  • Property is zoned RM5

Parking

  • Driveway

Home Design

  • Wood Siding

Interior Spaces

  • 1,978 Sq Ft Home
  • Property has 2 Levels

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Utilities

  • No Heating

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 6825925892000
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,812

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size Acres: 0.21
  • Subdivision Name: None
  • Directions: From Greensboro. I40 to US 421 N. Exit 206 for 421 N. Exit 234 A for NC 150 W. Left lane to turn left on NC 150/Peter's Creek Pkwy. Left on W Academy. Left on Granville. Left on Franklin. Home on left.
  • Above Grade Finished Sq Ft: 1978
  • Unit Levels: Two
  • Structure Type: House
  • Year Built: 1915
  • TRIADMLS_PrimaryOnMainYN: Yes
  • TRIADMLS_BuiltInformation: Existing
  • Special Features: None

Interior Features

  • Has Basement: Basement
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Living Area: 1978
  • Main Level Bathrooms: 2
  • TRIADMLS_FullBathsMain: 2
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: No

Exterior Features

  • Pool Features: None
  • Construction Type: Wood Siding
  • TRIADMLS_PoolYN: No

Garage/Parking

  • Parking Features: Driveway

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: None, No Fuel
  • Water Source: Public
  • TRIADMLS_HeatingFuel: No Fuel
  • Water Heater: None

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 6825925892000
  • Zoning: RM5
  • TRIADMLS_PricePerAcre: 690476.1905
  • TRIADMLS_DeedPage: 1097
  • TRIADMLS_DeedBook: 2491

Tax Info

  • Tax Annual Amount: 1812.02
  • Tax Year: 2025
  • TRIADMLS_TaxRate: 1.102

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,441 $107,600 $26,000 $81,600
2023 $1,441 $107,600 $26,000 $81,600
2022 $1,414 $107,600 $26,000 $81,600
2021 $1,388 $107,600 $26,000 $81,600
2020 $1,281 $92,800 $15,000 $77,800
2019 $1,291 $92,800 $15,000 $77,800
2018 $1,226 $92,800 $15,000 $77,800
2016 $873 $66,288 $12,564 $53,724
2015 $859 $66,288 $12,564 $53,724
2014 $833 $66,288 $12,564 $53,724
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/19/2025 09/19/25 Price Changed $145,000 -3.3% $73 / Sq Ft
09/03/2025 09/03/25 Price Changed $150,000 -6.3% $76 / Sq Ft
08/20/2025 08/20/25 For Sale $160,000 -- $81 / Sq Ft
Source: Triad MLS

Purchase History

Date Type Sale Price Title Company
Trustee Deed $83,000 None Listed On Document
Warranty Deed $72,000 Chicago Title Insurance Comp
Interfamily Deed Transfer $59,500 --
Interfamily Deed Transfer $55,000 --
Warranty Deed $37,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $57,680 Purchase Money Mortgage
Previous Owner $60,400 Purchase Money Mortgage
Previous Owner $40,000 Purchase Money Mortgage
Previous Owner $51,000 Purchase Money Mortgage
Closed $14,420 No Value Available
Source: Public Records

Source: Triad MLS

MLS Number: 1191919

Triad MLS

APN: 6825-92-5892

North Carolina Forsyth County Winston-Salem 27101 Wachovia Highlands

1024 Franklin St, Winston-Salem, NC

This home is located at 1024 Franklin St, Winston Salem, NC 27101 and is currently priced at $145,000, approximately $73 per square foot. This property was built in 1915. 1024 Franklin St is a home located in Forsyth County with nearby schools including Diggs-Latham Elementary School, Flat Rock Middle, and Parkland High.

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Triad MLS Copyright 2025 Triad MLS, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This site will be monitored for ‘scraping’ and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. All Sale data is for informational purposes only and is not an indication of a market analysis or appraisal. Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.’s, Internet Data Exchange Database.

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Charlie Abdallah
Listing Agent
Charlie Abdallah
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SM1 Property Solutions
(336) 389-7594