NOT LISTED FOR SALE

161 Oak Summit Rd Winston Salem, NC 27105

Northeast Winston-Salem Neighborhood

Estimated Value: $118,000 - $170,000

2 Beds
1 Bath
1,300 Sq Ft
$110/Sq Ft Est. Value

Last Sold October 05, 2018

Last sale price $45,000 $35 Per Sq Ft

Est. 219% increase in value since last sale

Current estimated payment $809/month

149 Days on Market

Highlights

  • Wood Flooring
  • Cottage
  • 1 Car Detached Garage
  • No HOA
  • Arched Doorways
  • Porch

About This Home

As of October 2018

Great Investment Opportunity / First time HOME buyer. Needs some work but so much Opportunity once you bring it back to it's Splendor & Glory. 2 BR, 1 F/BA - Cellar - Fresh new paint throughout inside - Exterior Trim & Garage were painted. HVAC repaired - BRs have hardwood flooring - Lots of windows for natural lighting - Nice front porch for relaxing - Large yard for a garden and room for the family to enjoy the great outdoors - Convenient to shopping. Home is being sold "AS-IS". SEE AGENTS ONLY

Last Agent to Sell the Property

James Artzner

House Finders, Inc License #241394 Listed on: 04/19/2018

Last Buyer's Agent

Brittany Jones

RE/MAX Preferred Properties License #301807

RE/MAX Preferred Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $571

Year Built

  • Built in 1925

Lot Details

  • 0.71 Acre Lot
  • Level Lot
  • Property is zoned RS9

Parking

  • 1 Car Detached Garage
  • Gravel Driveway

Home Design

  • Cottage
  • Wood Siding
  • Aluminum Siding

Interior Spaces

  • 1,147 Sq Ft Home
  • 1,000-1,300 Sq Ft Home
  • Property has 1 Level
  • Ceiling Fan
  • Arched Doorways
  • Living Room with Fireplace
  • Pull Down Stairs to Attic

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Home Security

  • Storm Windows
  • Storm Doors

Outdoor Features

  • Outdoor Storage
  • Porch

Schools

  • Northwest Middle School
  • North Forsyth High School

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 30b / 3434
  • Assessor Parcel Number 6828447461
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$571

Year Built

Built in 1925

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size Acres: 0.71
  • Subdivision Name: None
  • Directions: From University Pkwy turn onto Oak Summit Rd - Home is on the left side between Oak Summit Ct and Dogwood Dr.
  • Above Grade Finished Sq Ft: 1147
  • Architectural Style: Cottage
  • Unit Levels: One
  • Structure Type: House
  • Year Built: 1925
  • TRIADMLS_PrimaryOnMainYN: Yes
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 1000 - 1300
  • TRIADMLS_PorchYN: Yes
  • TRIADMLS_CityLimitsYN: Yes
  • TRIADMLS_BuiltInformation: Existing
  • TRIADMLS_FencedYN: No
  • TRIADMLS_ElevatorYN: No
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater
  • Flooring: Vinyl, Wood
  • Interior Amenities: Arched Doorways, Built-in Features, Ceiling Fan(s), Tile Counters
  • Has Basement: Cellar, Crawl Space
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: Storm Door(s)
  • Fireplace Features: Living Room
  • Fireplaces: 1
  • Living Area: 1147
  • Main Level Bathrooms: 1
  • Attic Description: Pulldown Stairs
  • TRIADMLS_FullBathsMain: 1
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: No

Exterior Features

  • Exterior Features: Garden
  • Fencing: None
  • Lot Features: City Lot, Level, Sloped
  • Pool Features: None
  • Construction Type: Aluminum Siding, Wood Siding
  • Other Structures: Storage
  • TRIADMLS_PoolYN: No
  • Flood Zone: Not in Flood Zone

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Driveway, Garage, Gravel, Detached
  • Garage Description: Detached Garage

Utilities

  • Sewer: Public Sewer
  • Laundry Features: Main Level, Washer Hookup
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Cooling: Central Air
  • Heating: Forced Air, Electric
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Electric
  • Water Heater: Electric
  • Energy Features: Storm Doors, Storm Windows

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Rural Hall
  • High School: North Forsyth
  • Middle Or Junior School: Northwest

Lot Info

  • Parcel #: 6828447461
  • Zoning: RS9
  • TRIADMLS_AcresRange: 1 - 1

Tax Info

  • Tax Annual Amount: 570.63
  • Tax Block: 3434
  • Tax Lot: 30b
  • Tax Year: 2017
  • TRIADMLS_TaxRate: 1.3209

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2018
Closed on
Oct 3, 2018
Sold by
Gw Property Solutions Llc
Bought by
Tally David C and Tally Kathie O
Seller's Agent
James Artzner
House Finders, Inc
Buyer's Agent
Brittany Jones
RE/MAX Preferred Properties
List Price
$51,500
Sold Price
$45,000
Premium/Discount to List
-$6,500
-12.62%
Current Estimated Value
$143,477

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,477
Avg. Annual Appreciation
17.82%

Purchase Details

Closed on
Jan 24, 2018
Sold by
Smith Mary Jane and Smith Michael D
Bought by
Gw Property Solutions Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,000
Interest Rate
4.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 28, 2000
Sold by
Richardson William L and Keely Richardson
Bought by
Ortner William R and Sayre Juanita M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,000
Interest Rate
8.24%
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
Tally David C $45,000 None Available
Gw Property Solutions Llc $31,500 None Available
Ortner William R $63,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gw Property Solutions Llc $34,000
Previous Owner Ortner William R $43,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/05/2018 10/05/18 Sold $45,000 -12.6% $45 / Sq Ft
09/16/2018 09/16/18 Pending -- -- --
04/19/2018 04/19/18 For Sale $51,500 -- $52 / 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 $683 $85,300 $32,800 $52,500
2024 $683 $51,000 $22,900 $28,100
2023 $683 $51,000 $22,900 $28,100
2022 $670 $51,000 $22,900 $28,100
2021 $759 $58,800 $22,900 $35,900
2020 $606 $43,900 $16,400 $27,500
2019 $611 $43,900 $16,400 $27,500
2018 $571 $43,200 $16,400 $26,800
2016 $625 $47,480 $19,119 $28,361
2015 $616 $47,480 $19,119 $28,361
2014 $597 $47,480 $19,119 $28,361
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    James Artzner

    House Finders, Inc

    (336) 813-3981

    96 Total Sales

    James Artzner
    Section Image
  • Brittany Jones

    Buyer's Agent in 2018

    Brittany Jones

    RE/MAX

    (336) 682-6173

    1 in this area

    58 Total Sales

    Brittany Jones
    Section Image
See All Agents

Map

Source: Triad MLS

MLS Number: 883016

Triad MLS

APN: 6828-44-7461

North Carolina Forsyth County Winston-Salem 27105 Northeast Winston-Salem

161 Oak Summit Rd, Winston-Salem, NC

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