NOT LISTED FOR SALE

219 N Spring St Winston Salem, NC 27101

Downtown Winston-Salem Neighborhood

Estimated Value: $434,032 - $517,000

Studio
-- Bath
2,800 Sq Ft
$167/Sq Ft Est. Value

Sale Details

Date Sold: February 28, 2013

Last sale price $210,600 $75 Per Sq Ft

Est. 121% increase in value since last sale

Current estimated payment $2,728 / mo

117 Days on Market

Highlights

  • No HOA
  • Forced Air Heating and Cooling System
  • 5-minute walk to Winston Square Park

About This Home

As of February 2013

Investors, Another great investment opportunity in downtown Winston Salem. Near the new ballpark and fully Rented. 3 units rented at $525/month and 1 unit Rented at 500/month. Do not let this nice all brick investment get away from you. Schedule an appointment Today. Great Income Producer.

Last Agent to Sell the Property

Brannon May

The Real Estate Works License #272548 Listed on: 08/21/2012

Last Buyer's Agent

NONMEMBER NONMEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,259

Year Built

  • Built in 1955

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 50 x 100 x 50 x 100

Home Design

  • Quadruplex
  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Legal Lot and Block 002 / 00095
  • Assessor Parcel Number 6835060136
  • 1% Total Tax Rate

Community Details

Overview

  • No Home Owners Association
  • 2,800 Sq Ft Building

Building Details

  • 4 Leased Units
  • Insurance Expense $1,187
  • Other Expense $720
  • New Taxes Expense $2,259
  • Gross Income $24,900
  • Net Operating Income $20,734

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,259

Year Built

Built in 1955

Lot Details

4,792 Sq Ft Lot

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.11
  • Lot Size: 50 x 100 x 50 x 100
  • Directions: Bus 40 to Broad St. TR, TR on 2nd, TL on Spring. Property will be on Right.
  • Architectural Style: Two Story
  • Building Stories: 2
  • Year Built: 1955
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Electric Water Heater
  • TRIADMLS_ApproxSqFtRange: 2800

Exterior Features

  • Construction Type: Brick

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Forced Air, Electric
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Electric
  • Water Heater: Electric

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 6835060136
  • Zoning: LO

Multi Family

  • Number Of Units In Community: 1
  • Number Of Units Total: 4
  • Annual Gross Income: 24900
  • Insurance Expense: 1187
  • Property Net Operating Income: 20734
  • Number Of Units Leased: 4

Tax Info

  • New Taxes Expense: 2258.93
  • Tax Annual Amount: 2258.93
  • Tax Block: 00095
  • Tax Lot: 002
  • Tax Year: 2011
  • TRIADMLS_TaxRate: 1.149

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 29, 2004
Sold by
Hemming Scott E and Hemming Nancette
Bought by
Ral Properties Llc
Current Estimated Value
$466,258

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,750
Outstanding Balance
$95,516
Interest Rate
5.73%
Mortgage Type
Commercial
Estimated Equity
$370,742

Purchase Details

Closed on
Feb 19, 2002
Sold by
Swaim Frederick D
Bought by
Hemming Scott E and Hemming Nancette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
7.02%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Ral Properties Llc $195,000 --
Hemming Scott E $110,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Ral Properties Llc $194,750
Previous Owner Hemming Scott E $88,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2013 02/28/13 Sold $210,600 -6.4% $75 / Sq Ft
12/17/2012 12/17/12 Pending -- -- --
08/21/2012 08/21/12 For Sale $224,900 -- $80 / Sq Ft
Source: Triad MLS

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 $2,902 $313,100 $75,900 $237,200
2024 $2,770 $218,400 $66,000 $152,400
2023 $2,770 $218,400 $66,000 $152,400
2022 $2,718 $218,400 $66,000 $152,400
2021 $2,669 $218,400 $66,000 $152,400
2020 $2,849 $191,000 $62,400 $128,600
2019 $2,869 $206,300 $0 $0
2018 $2,725 $191,000 $62,400 $128,600
2016 $2,500 $172,560 $59,400 $113,160
2015 $2,462 $172,560 $59,400 $113,160
2014 $2,388 $172,560 $59,400 $113,160
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2013

    Brannon May

    The Real Estate Works

    (336) 416-7095

    1 in this area

    20 Total Sales

    Brannon May
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Map

Source: Triad MLS

MLS Number: 651327

Triad MLS

APN: 6835-06-0136

North Carolina Forsyth County Winston-Salem 27101 Downtown Winston-Salem

219 N Spring St, Winston-Salem, NC

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