NOT LISTED FOR SALE

264 Terrace Ave Winston Salem, NC 27101

Skyland Neighborhood

Estimated Value: $91,000 - $224,499

4 Beds
1.5 Baths
2,000 Sq Ft
$65/Sq Ft Est. Value

Last Sold December 03, 2020

Last sale price $60,100 $30 Per Sq Ft

Est. 115% increase in value since last sale

Current estimated payment $763/month

6 Days on Market

Highlights

  • 1.18 Acre Lot
  • Main Floor Primary Bedroom
  • Porch
  • Traditional Architecture
  • No HOA
  • 2 Car Garage

About This Home

As of December 2020

MULTIPLE OFFERS. Highest and best due Thrusday, 10/29/20 at 10am. MUST SIGN HOLD HARMLESS TO SHOW. What Potential! Home Just Waiting to be Restored! Brick Home with 4 Beds and 1.5 Baths and 2 Car Basement Garage. Super Convenient Location in Winston Salem. Lovely Arched Doorways with Chandeliers in the Living Room and Dining Room! Kitchen with Eat In Breakfast Area. Dining Room opens to Den and Living Room. Fireplace in the Den. Listed UNDER Tax Value. Great Investor Potential! Sold AS IS, w/BUYER to verify ALL info, systems, conditions, utilities, etc. Lot size taken from tax card-buyer MUST verify w/survey. NO Utilities turned on by list agent. Oil Tank in Basement. Property has Personal Property Inside. Liability Release Form Must be Signed PRIOR to Showing Approval. Release Form in MLS Attachments. Offer Instructions in Agent Only Comments.

Last Agent to Sell the Property

Tracey Shrouder

360 Realty License #239529 Listed on: 10/26/2020

Co-Listed By

Vicki Crowdus

360 Realty License #282865

Last Buyer's Agent

Deqing Wu

PA Green Properties LLC License #277209

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $285

Year Built

  • Built in 1949

Lot Details

  • 1.18 Acre Lot
  • Property is zoned RS7

Parking

  • 2 Car Garage
  • Basement Garage
  • Driveway

Home Design

  • Traditional Architecture
  • Brick Exterior Construction

Interior Spaces

  • 1,900 Sq Ft Home
  • 1,700-2,000 Sq Ft Home
  • Property has 2 Levels
  • Den with Fireplace
  • Dryer Hookup
  • Unfinished Basement

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main

Outdoor Features

  • Porch

Schools

  • East Forsyth Middle School
  • Carver High School

Community Details

  • No Home Owners Association
  • Skyland Subdivision

Listing and Financial Details

  • Tax Lot 44
  • Assessor Parcel Number 6835867786
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$285

Year Built

Built in 1949

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size Acres: 1.18
  • Lot Size: buyer MUST verify with survey
  • Co List Office Mls Id: GTSR01
  • Co List Office Phone: 336-505-1080
  • Subdivision Name: Skyland
  • Directions: US-421 N to E 5th St in Winston-Salem. Take exit 231 (Fifth St) from US-421 N. E 5th St. to Terrace Ave.
  • Above Grade Finished Sq Ft: 1900
  • Architectural Style: Traditional
  • Unit Levels: Two
  • Structure Type: House
  • Year Built: 1949
  • TRIADMLS_PrimaryOnMainYN: Yes
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 1700 - 2000
  • TRIADMLS_PorchYN: Yes
  • TRIADMLS_BuiltInformation: Existing
  • TRIADMLS_FencedYN: No
  • Special Features: None

Interior Features

  • Appliances: Remarks
  • Flooring: Carpet, See Remarks, Vinyl
  • Interior Amenities: See Remarks
  • Has Basement: Unfinished, Basement
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Den
  • Fireplaces: 1
  • Living Area: 1900
  • Main Level Bathrooms: 1
  • TRIADMLS_FullBathsMain: 1
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: Yes
  • TRIADMLS_HalfBathsUpper: 1

Exterior Features

  • Exterior Features: Remarks
  • Fencing: None
  • Pool Features: None
  • Construction Type: Brick, See Remarks
  • TRIADMLS_PoolYN: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Driveway, Garage, See Remarks, Basement
  • Garage Description: Basement Garage

Utilities

  • Sewer: Public Sewer
  • Laundry Features: Dryer Connection, Washer Hookup
  • Cooling: Remarks
  • Heating: See Remarks
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Remarks
  • Water Heater: Unknown

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Petree
  • High School: Carver
  • Middle Or Junior School: East Forsyth

Lot Info

  • Parcel #: 6835867786
  • Zoning: RS7
  • TRIADMLS_PricePerAcre: 31355.9322
  • TRIADMLS_DeedPage: 3693
  • TRIADMLS_DeedBook: 3033
  • TRIADMLS_AcresRange: 1 - 1

Tax Info

  • Tax Annual Amount: 285
  • Tax Lot: 44
  • Tax Year: 2019
  • TRIADMLS_TaxRate: 1.3209

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 26, 2020
Closed on
Nov 24, 2020
Sold by
Reverse Mortgage Solutions Inc
Bought by
Luo Sha
Seller's Agent
Tracey Shrouder
360 Realty
Buyer's Agent
Deqing Wu
PA Green Properties LLC
Sold Price
$60,100
Current Estimated Value
$129,001

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,901
Avg. Annual Appreciation
18.23%

Purchase Details

Closed on
Aug 1, 2019
Sold by
Schaffer Betty Revel
Bought by
Reverse Mortgage Solutions Inc

Purchase Details

Closed on
Nov 4, 2011
Sold by
Revel Betty and Revel Franklin
Bought by
Schaffer Betty Revel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,000
Interest Rate
4.15%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
May 15, 2010
Sold by
Mckinley Revel Nathan Miller and Mckinley Revel Nathan
Bought by
Revel Nathan Mckinley
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
Luo Sha $60,000 None Available
Reverse Mortgage Solutions Inc $40,000 None Available
Schaffer Betty Revel -- None Available
Revel Nathan Mckinley -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schaffer Betty Revel $73,000
Previous Owner Revel Nathan Miller $14,186
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/03/2020 12/03/20 Sold $60,100 -- $35 / 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 $685 $51,200 $12,400 $38,800
2022 $673 $51,200 $12,400 $38,800
2021 $661 $51,200 $12,400 $38,800
2020 $628 $45,500 $12,400 $33,100
2019 $285 $45,500 $12,400 $33,100
2018 $271 $45,500 $12,400 $33,100
2016 $282 $46,378 $12,480 $33,898
2015 $277 $46,378 $12,480 $33,898
2014 $269 $46,378 $12,480 $33,898
Source: Public Records

Agents Affiliated with this Home

  • Tracey Shrouder

    Seller's Agent in 2020

    Tracey Shrouder

    360 Realty

    (336) 965-7791

    1 in this area

    231 Total Sales

    Section Image
  • Vicki Crowdus

    Seller Co-Listing Agent in 2020

    Vicki Crowdus

    360 Realty

    (336) 263-3562

    1 in this area

    194 Total Sales

    Section Image

  • D

    Buyer's Agent in 2020

    Deqing Wu

    PA Green Properties LLC

    (919) 289-2168

    1 in this area

    27 Total Sales

    Section Image
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Map

Source: Triad MLS

MLS Number: 000801

Triad MLS

APN: 6835-86-7786

North Carolina Forsyth County Winston-Salem 27101 Skyland

264 Terrace Ave, Winston-Salem, NC

This home is located at 264 Terrace Ave, Winston Salem, NC 27101 since 26 October 2020 and is currently estimated at $130,375, approximately $65 per square foot. This property was built in 1949. 264 Terrace Ave is a home located in Forsyth County with nearby schools including Petree Elementary, East Forsyth Middle, and Carver High.

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