NOT LISTED FOR SALE

1205 E 2nd St Winston Salem, NC 27101

East Winston Neighborhood

Estimated Value: $184,000 - $216,000

6 Beds
4 Baths
1,568 Sq Ft
$129/Sq Ft Est. Value

Last Sold March 13, 2020

Last sale price $115,900 $74 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $1,179/month

7 Days on Market

About This Home

As of March 2020

Well maintained investment property with solid tenant history. Two duplexes with 4 units, (2 2br/1ba units and 2 1 br/1ba units), in convenient location close to public transit, grocery stores, and retail. Excellent interior condition and curb appeal.

Last Buyer's Agent

Sherry Grayson

Jason Mitchell Real Estate License #297044

Jason Mitchell Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $551

Year Built

  • Built in 1900

Lot Details

  • 9,148 Sq Ft Lot
  • Lot Dimensions are 81 x 112

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Wood Flooring
  • Washer and Dryer Hookup

Utilities

  • Heat Pump System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 6835663963
  • 1% Total Tax Rate

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • 2,780 Sq Ft Building

Building Details

  • 4 Leased Units
  • Net Operating Income $17,590

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$551

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.21
  • Lot Size: 81 x 112
  • Directions: S Martin Luther King Dr, Left on SE 1st St, Right on N Cleveland Ave, Right onto E 2nd St.
  • Building Stories: 1
  • Year Built: 1900
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 0 - 0
  • TRIADMLS_ElevatorYN: No
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Wood
  • TRIADMLS_ApproxSqFtRange: 2500 - 3000
  • Basement YN: No

Exterior Features

  • Pool Features: None
  • Construction Type: Vinyl Siding
  • TRIADMLS_PoolYN: No
  • Flood Zone: Not in Flood Zone

Garage/Parking

  • Parking Features: On Street

Utilities

  • Sewer: Public Sewer
  • Laundry Features: Washer/Dryer Connection
  • Cooling: Heat Pump
  • Heating: Heat Pump, Natural Gas
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Natural Gas
  • Water Heater: Unknown

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 6835663963
  • Zoning: RS7
  • TRIADMLS_AcresRange: 0 - 0

Green Features

  • TRIADMLS_EnvironmentalHazards: No

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Property Net Operating Income: 17590
  • Number Of Units Leased: 4

Tax Info

  • Tax Annual Amount: 551
  • Tax Year: 2018
  • TRIADMLS_TaxRate: 1.3209

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2020
Closed on
Mar 13, 2020
Sold by
Craver Hubert James and Craver Patricia A
Bought by
Propeties Hattie Em
Buyer's Agent
Sherry Grayson
Jason Mitchell Real Estate
Sold Price
$115,900
Current Estimated Value
$202,329

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,429
Avg. Annual Appreciation
10.01%

Purchase Details

Closed on
Aug 14, 2014
Sold by
Jkf Investments Llc
Bought by
Craver Hubert James and Whissel Patricia A

Purchase Details

Closed on
Mar 16, 2009
Sold by
Simmons Home Inspections Inc
Bought by
Jfk Investments Llc

Purchase Details

Closed on
Jun 4, 2007
Sold by
Simmons Gregory and Simmons Tammy Lee
Bought by
Simmons Home Inspections Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 19, 2007
Sold by
Trawick William Marshall and Will Of Garry Bennett Moore
Bought by
Simmons Home Inspections Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Propeties Hattie Em $116,000 None Available
Craver Hubert James $90,000 None Available
Jfk Investments Llc $122,000 None Available
Simmons Home Inspections Inc -- None Available
Simmons Gregory -- None Available
Simmons Home Inspections Inc $320,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Simmons Gregory $87,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/13/2020 03/13/20 Sold $115,900 -- $74 / Sq Ft
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
2025 $1,449 $188,700 $20,900 $167,800
2024 $1,383 $103,300 $16,300 $87,000
2023 $1,383 $103,300 $16,300 $87,000
2022 $1,357 $103,300 $16,300 $87,000
2021 $1,333 $103,300 $16,300 $87,000
2020 $576 $41,700 $8,500 $33,200
2019 $580 $41,700 $8,500 $33,200
2018 $551 $41,700 $8,500 $33,200
2016 $524 $39,815 $8,525 $31,290
Source: Public Records

Agents Affiliated with this Home

  • Sherry Grayson

    Buyer's Agent in 2020

    Sherry Grayson

    Jason Mitchell Real Estate

    (336) 408-5561

    1 in this area

    129 Total Sales

    Sherry Grayson
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Map

Source: Triad MLS

MLS Number: 966435

Triad MLS

APN: 6835-66-3963

North Carolina Forsyth County Winston-Salem 27101 East Winston

1205 E 2nd St, Winston-Salem, NC

Not Listed for Sale

MultiFamily

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