NOT LISTED FOR SALE

1259 W 4th St Winston Salem, NC 27101

West End Neighborhood

Estimated Value: $421,000 - $428,000

3 Beds
2 Baths
600 Sq Ft
$709/Sq Ft Est. Value

Last Sold October 28, 2022

Last sale price $405,000 $675 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,515/month

4 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Multiple cooling system units
  • Attic
  • No HOA
  • Forced Air Heating and Cooling System

About This Home

As of October 2022

ATTENTION INVESTORS! Are you looking for a turn key, FULLY FURNISHED, high income producing property in a desirable area? Look no further than this completely rehabbed duplex less than 1 mile away from Wake Forest Baptist Medical Center in the beautiful West End neighborhood!! Close to WFBMC, Wake Forest Medical School, Forsyth Medical Center, Downtown restaurants & things to do, your clients will love strolling thru this lovely tree-lined historic district. The units have many original & modern amenities: the original windows & hardwoods were restored, gorgeous EQUIPPED kitchens with pots & pans, dishes, glasses & cups, utensils, coffee makers, dishwashers, IN-UNIT washers and dryers & luxurious bathrooms! Each of the living rooms and main bedrooms have wall mounted flat screen tvs. All furnishings present at showing will convey with the property. Link to both unit's virtual tours: https://listings.lighthousevisuals.com/v2/1259-w-4th-st-winston-salem-nc-27101-2780624/unbranded

Last Agent to Sell the Property

Kelsey Stafford Elliott

Coldwell Banker Advantage License #334347 Listed on: 09/19/2022

Coldwell Banker Advantage

Co-Listed By

Ed Stafford

Coldwell Banker Advantage License #26195

Last Buyer's Agent

Ashley Brimson

Hillcrest Realty Group License #284976

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,544

Year Built

  • Built in 1957

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Dimensions are 29 x 53 x 77 x 33
  • Corner Lot

Home Design

  • Duplex
  • Wood Siding

Flooring

  • Wood
  • Tile
  • Vinyl

Laundry

  • Washer and Dryer Hookup

Parking

  • 2 Parking Spaces
  • No Garage
  • Driveway
  • Paved Parking

Schools

  • Wiley Middle School
  • Reynolds High School

Utilities

  • Multiple cooling system units
  • Forced Air Heating and Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Multiple Heating Units
  • Heat Pump System
  • Electric Water Heater

Additional Features

  • Attic

Listing and Financial Details

  • Tax Lot 2t
  • Assessor Parcel Number 6825840222
  • 1% Total Tax Rate

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • 1,192 Sq Ft Building

Building Details

  • Gross Income $52,800
  • Net Operating Income $37,005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,544

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.06
  • Lot Size: 29 x 53 x 77 x 33
  • Co List Office Mls Id: HCOL03
  • Co List Office Phone: 336-889-5300
  • Directions: Please note, per the seller's request, THERE IS NO SIGN IN THE YARD. Located on the corner of West End Blvd and West 4th St.
  • Year Built: 1957
  • TRIADMLS_CityLimitsYN: Yes
  • TRIADMLS_BuiltInformation: Existing
  • Special Features: VirtualTour

Interior Features

  • Appliances: Electric Water Heater
  • Flooring: Tile, Vinyl, Wood
  • TRIADMLS_ApproxSqFtRange: 1000 - 1300
  • Basement YN: No
  • TRIADMLS_Storage: Attic, Closet, Outside Storage

Exterior Features

  • Lot Features: City Lot, Corner Lot
  • Pool Features: None
  • Construction Type: Wood Siding
  • TRIADMLS_PoolYN: No
  • Flood Zone: Not in Flood Zone

Garage/Parking

  • Parking Features: Driveway, Paved, On Street, No Garage
  • Total Parking Spaces: 2
  • Garage Description: None

Utilities

  • Sewer: Public Sewer
  • Laundry Features: Washer/Dryer Connection
  • Cooling: Central Air, Multiple Systems, Wall Unit(s)
  • Heating: Forced Air, Heat Pump, Multiple Systems, Electric
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Electric
  • Water Heater: Electric

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Brunson
  • High School: Reynolds
  • Middle Or Junior School: Wiley

Lot Info

  • Parcel #: 6825840222
  • Zoning: RSQ HO
  • TRIADMLS_PricePerAcre: 6750000
  • TRIADMLS_PlatPage: 40-A
  • TRIADMLS_DeedPage: 04222
  • TRIADMLS_DeedBook: 003542
  • TRIADMLS_PlatBook: 3
  • TRIADMLS_AcresRange: 0 - 0

Green Features

  • TRIADMLS_EnvironmentalHazards: No

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Number Of Units Furnished: All Units
  • Annual Gross Income: 52800
  • Property Net Operating Income: 37005

Tax Info

  • Tax Annual Amount: 1544
  • Tax Lot: 2t
  • Tax Year: 2021
  • TRIADMLS_TaxRate: 1.3209

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2022
Closed on
Oct 28, 2022
Sold by
Hedrick Jacob L
Bought by
Nellie T Properties Llc
Seller's Agent
Kelsey Stafford Elliott
Coldwell Banker Advantage
Buyer's Agent
Ashley Brimson
Hillcrest Realty Group
List Price
$399,900
Sold Price
$405,000
Premium/Discount to List
$5,100
1.28%
Total Days on Market
4
Views
4
Current Estimated Value
$425,666

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,666
Avg. Annual Appreciation
1.91%
Original Mortgage
$303,750
Outstanding Balance
$294,024
Interest Rate
6.02%
Mortgage Type
New Conventional
Estimated Equity
$131,642

Purchase Details

Listed on
Sep 19, 2022
Closed on
Oct 13, 2022
Sold by
Gabella Real Estate Holdings Llc
Bought by
Hedrick Jacob L
Seller's Agent
Kelsey Stafford Elliott
Coldwell Banker Advantage
Buyer's Agent
Ashley Brimson
Hillcrest Realty Group
List Price
$399,900
Sold Price
$405,000
Premium/Discount to List
$5,100
1.28%
Views
4

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$303,750
Outstanding Balance
$294,024
Interest Rate
6.02%
Mortgage Type
New Conventional
Estimated Equity
$131,642

Purchase Details

Closed on
Aug 6, 2020
Sold by
Charles Jerome J and Charles Antoinette M
Bought by
Gabella Real Estate Holdings Llc

Purchase Details

Closed on
Sep 6, 2018
Sold by
Triad Prime Properties Llc
Bought by
Charles Jerome J and Charles Antoinette M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,668
Interest Rate
5.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 4, 2002
Sold by
Holder & Sons Properties
Bought by
Holder Benjamin M and Holder Peggy Ann V
Source: Public Records

Range of Values:

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Average Value
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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
Nellie T Properties Llc -- --
Hedrick Jacob L $405,000 --
Gabella Real Estate Holdings Llc -- None Available
Charles Jerome J $173,000 None Available
Holder Benjamin M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hedrick Jacob L $303,750
Previous Owner Charles Jerome J $146,668
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2022 10/28/22 Sold $405,000 +1.3% $675 / Sq Ft
09/24/2022 09/24/22 Pending -- -- --
09/19/2022 09/19/22 For Sale $399,900 -- $667 / 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
2023 $1,645 $119,700 $45,500 $74,200
2022 $1,573 $119,700 $45,500 $74,200
2021 $1,544 $119,700 $45,500 $74,200
2020 $1,313 $95,100 $29,100 $66,000
2019 $1,323 $95,100 $29,100 $66,000
2018 $1,256 $95,100 $29,100 $66,000
2016 $1,090 $82,846 $21,600 $61,246
2015 $1,073 $82,846 $21,600 $61,246
2014 -- $82,846 $21,600 $61,246
Source: Public Records

Agents Affiliated with this Home

  • Kelsey Stafford Elliott

    Seller's Agent in 2022

    Kelsey Stafford Elliott

    Coldwell Banker Advantage

    (336) 847-5350

    1 in this area

    51 Total Sales

    Kelsey Stafford Elliott
    Section Image

  • E

    Seller Co-Listing Agent in 2022

    Ed Stafford

    Coldwell Banker Advantage

    (336) 669-5106

    1 in this area

    84 Total Sales

    Ed Stafford
    Section Image
  • Ashley Brimson

    Buyer's Agent in 2022

    Ashley Brimson

    Hillcrest Realty Group

    (336) 880-1769

    1 in this area

    131 Total Sales

    Ashley Brimson
    Section Image
See All Agents

Map

Source: Triad MLS

MLS Number: 1084535

Triad MLS

APN: 6825-84-0222

North Carolina Forsyth County Winston-Salem 27101 West End

1259 W 4th St, Winston-Salem, NC

This home is located at 1259 W 4th St, Winston Salem, NC 27101 since 19 September 2022 and is currently estimated at $425,666, approximately $709 per square foot. This property was built in 1957. 1259 W 4th St is a home located in Forsyth County with nearby schools including Wiley Magnet Middle School, Reynolds High School, and Our Lady of Mercy Catholic School.

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