NOT LISTED FOR SALE

1033 W Academy St Winston Salem, NC 27101

Wachovia Highlands Neighborhood

Estimated Value: $225,000 - $274,000

5 Beds
2 Baths
1,519 Sq Ft
$162/Sq Ft Est. Value

Last Sold February 26, 2020

Last sale price $145,000 $95 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $1,400/month

13 Days on Market

Highlights

  • No HOA
  • Forced Air Heating System
  • 5-minute walk to Granville Park

About This Home

As of February 2020

This property is packaged with another duplex, 1039 W Academy St, Winston Salem, NC (MLS: 936902) and must be sold together. The price is for both Duplexes, totaling 4 units. Combined these properties have an 8% cap rate and the rents are below market. All four units have long term tenants and have been occupied for years. Please contact listing agent for additional information.

Last Buyer's Agent

Luke Vandall

Keller Williams One License #289447

Keller Williams One

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $940

Year Built

  • Built in 1951

Lot Details

  • 7,405 Sq Ft Lot

Parking

  • Driveway

Home Design

  • Duplex

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 6825924254
  • 1% Total Tax Rate

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$940

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.17
  • Lot Size: 50, 149, 50, 149
  • Directions: 1033 W Academy St, Winston Salem, NC
  • Year Built: 1951
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 0 - 0
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater

Exterior Features

  • Pool Features: None
  • TRIADMLS_PoolYN: No

Garage/Parking

  • Parking Features: Driveway

Utilities

  • Sewer: Public Sewer
  • Cooling: Window Unit(s)
  • Heating: Forced Air, Oil
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Oil
  • Water Heater: Electric

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 6825924254
  • Zoning: RSQ
  • TRIADMLS_PricePerAcre: 852941.1765
  • TRIADMLS_DeedPage: 2837
  • TRIADMLS_DeedBook: 2679
  • TRIADMLS_AcresRange: 0 - 0

Multi Family

  • Number Of Units In Community: 2

Tax Info

  • Tax Annual Amount: 940
  • Tax Year: 2018
  • TRIADMLS_TaxRate: 1.3209

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2019
Closed on
Feb 24, 2020
Sold by
Pontillo Gregory A and Pontillo Tanya S
Bought by
Apple Homes Rei Llc
Buyer's Agent
Luke Vandall
Keller Williams One
Sold Price
$145,000
Current Estimated Value
$235,612

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$90,612
Avg. Annual Appreciation
9.60%
Original Mortgage
$133,250
Interest Rate
3.6%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jul 21, 2006
Sold by
Schoolfield Henry P and Schoolfield Thelma H
Bought by
Pontillo Gregory A and Pontillo Tanya S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.54%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Apple Homes Rei Llc $145,000 None Available
Pontillo Gregory A $55,000 Bb&T
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Apple Homes Rei Llc $76,050
Closed Apple Homes Rei Llc $133,250
Previous Owner Pontillo Gregory A $56,200
Previous Owner Pontillo Gregory A $58,100
Previous Owner Pontillo Gregory A $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/26/2020 02/26/20 Sold $145,000 -- $95 / Sq Ft
07/04/2019 07/04/19 Pending -- -- --
Source: Triad MLS

Tax History Compared to Growth

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
2023 $1,190 $88,900 $26,000 $62,900
2022 $1,168 $88,900 $26,000 $62,900
2021 $1,147 $88,900 $26,000 $62,900
2020 $983 $71,200 $15,000 $56,200
2019 $990 $71,200 $15,000 $56,200
2018 $940 $71,200 $15,000 $56,200
2016 $694 $52,660 $10,500 $42,160
2015 $683 $52,660 $10,500 $42,160
2014 $662 $52,660 $10,500 $42,160
Source: Public Records

Agents Affiliated with this Home

  • L

    Buyer's Agent in 2020

    Luke Vandall

    Keller Williams One

    (336) 646-9712

    215 Total Sales

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Map

Source: Triad MLS

MLS Number: 936957

Triad MLS

APN: 6825-92-4254

North Carolina Forsyth County Winston-Salem 27101 Wachovia Highlands

1033 W Academy St, Winston-Salem, NC

This home is located at 1033 W Academy St, Winston Salem, NC 27101 since 20 June 2019 and is currently estimated at $246,240, approximately $162 per square foot. This property was built in 1951. 1033 W Academy 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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