NOT LISTED FOR SALE

Estimated Value: $348,000 - $378,344

1 Bed
1.5 Baths
1,300 Sq Ft
$278/mo HOA Fee

Last Sold December 22, 2021

Last sale price $290,000 $223 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $2,509/month

2 Days on Market

Highlights

  • Wood Flooring
  • Solid Surface Countertops
  • Central Air
  • Main Floor Primary Bedroom
  • Balcony
  • Ceiling Fan

About This Home

As of December 2021

Enjoy an effortless lifestyle in this bright, spacious condo located so close to Truist Ballpark, Innovation Quarter, W-S Strollway, Old Salem, Historic Brookstown Inn, farmers market, hospital, WF med school, great restaurants, bakery and coffee shop. Live "downtown" without being in all the traffic. The 14'x5.5' private balcony with 2 french doors overlooks Marshall St where you can watch the fireworks as you grill! High ceilings, exposed beams, wood floors, granite, marble, guest half bath. Luxurious updated primary bath with stained glass, separate tiled shower, jetted tub, dual vanities. Stainless kitchen appliances including beverage fridge convey along with the washer/dryer. Propane range and fireplace logs (propane included in HOA dues-which are low for this type property). 2 parking spaces in gated, covered, secure lot. Easy elevator access. Guest parking lot. Additional storage available in building. Secure building, welcoming public foyer. Come see this amazing property!

Last Agent to Sell the Property

Bobbie Russell

Village Realty License #297591 Listed on: 11/18/2021

Last Buyer's Agent

Lane Young

Express Home Realty License #186677

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,747

Year Built

  • Built in 2005

Lot Details

  • 1,307

HOA Fees

  • $278 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Lighted Parking
  • Assigned Parking

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,154 Sq Ft Home
  • 1,000-1,300 Sq Ft Home
  • Property has 1 Level
  • Ceiling Fan
  • Insulated Windows
  • Insulated Doors
  • Living Room with Fireplace
  • Dryer Hookup

Kitchen

  • Free-Standing Range
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • Separate Shower

Outdoor Features

  • Balcony

Utilities

  • Central Air
  • Heat Pump System
  • Heating System Uses Propane
  • Electric Water Heater

Community Details

  • Tar Branch Towers Subdivision

Listing and Financial Details

  • Assessor Parcel Number 6835147097
  • 1% Total Tax Rate

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,747

Year Built

Built in 2005

Lot Details

0

HOA Fees

$278 per month

Parking

2

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size Acres: 0.03
  • Subdivision Name: Tar Branch Towers
  • Directions: Hwy 421/Salem Pkwy S. Exit 233B Cherry/Marshall. Bear R and turn R at the light onto SW Marshall St. Cross over Brookstown Ave and Wachovia St. Tar Branch Towers is on your L. Continue to the end of the building- there is a guest parking lot there.
  • Above Grade Finished Sq Ft: 1154
  • Architectural Style: Condo Upper
  • Unit Levels: One
  • Structure Type: Condominium
  • Year Built: 2005
  • TRIADMLS_PrimaryOnMainYN: Yes
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 1000 - 1300
  • TRIADMLS_CityLimitsYN: Yes
  • TRIADMLS_BuiltInformation: Existing
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Remarks, Slide-In Oven/Range, Range Hood, Electric Water Heater
  • Flooring: Tile, Wood
  • Interior Amenities: Ceiling Fan(s), Dead Bolt(s), See Remarks, Separate Shower, Solid Surface Counter
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 1
  • Door Features: Insulated Doors
  • Fireplace Features: Gas Log, Living Room
  • Fireplaces: 1
  • Living Area: 1154
  • Main Level Bathrooms: 2
  • TRIADMLS_FullBathsMain: 1
  • TRIADMLS_FixtureExceptionYN: Yes
  • Basement YN: No
  • TRIADMLS_HalfBathsMain: 1

Exterior Features

  • Exterior Features: Balcony
  • Lot Features: City Lot, Near Public Transit
  • Pool Features: None
  • Exclusions: Wooden Shelf Above Coffee Bar
  • Construction Type: Brick
  • TRIADMLS_PoolYN: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Assigned, Lighted, Garage
  • Garage Description: Lower Level Garage

Utilities

  • Sewer: Public Sewer
  • Laundry Features: Dryer Connection, Washer Hookup
  • Security: Smoke Detector(s)
  • Cooling: Central Air
  • Heating: Fireplace(s), Heat Pump, Electric, Propane
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Electric, Propane Gas
  • Water Heater: Electric
  • Energy Features: Insulated Doors, Insulated Windows

Condo/Co-op/Association

  • Association Fee: 278.19
  • Association Fee Frequency: Monthly
  • Association: Yes

Lot Info

  • Parcel #: 6835147097
  • Zoning: PB
  • TRIADMLS_PricePerAcre: 9533333.3333
  • TRIADMLS_DeedPage: 576
  • TRIADMLS_DeedBook: 3351
  • TRIADMLS_AcresRange: 0 - 0

Tax Info

  • Tax Annual Amount: 2746.84
  • Tax Year: 2021
  • TRIADMLS_TaxRate: 1.2902

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 10, 2023
Sold by
Tar Branch Towers Condominium Owners Ass
Bought by
Grotegut Chad A and Grotegut Melissa Teitelman
Current Estimated Value
$359,586

Purchase Details

Listed on
Nov 18, 2021
Closed on
Dec 20, 2021
Sold by
Lundy Megan Elizabeth and Marlin Rick
Bought by
Grotegut Chad A and Grotegut Melissa Teitelman
Seller's Agent
Bobbie Russell
Village Realty
Buyer's Agent
Lane Young
Express Home Realty
List Price
$286,000
Sold Price
$290,000
Premium/Discount to List
$4,000
1.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.51%
Original Mortgage
$217,500
Interest Rate
2.27%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 29, 2016
Closed on
May 26, 2017
Sold by
Lawrence Julia A and Hamilton John A
Bought by
Lundy Megan Elizabeth
Buyer's Agent
Clarence White
Clarence White Real Estate
List Price
$249,900
Sold Price
$214,286
Premium/Discount to List
-$35,614
-14.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.88%
Original Mortgage
$203,571
Interest Rate
3.7%
Mortgage Type
Commercial

Purchase Details

Listed on
Jan 9, 2013
Closed on
Apr 12, 2013
Sold by
Powell Winstead Gertrude Shaffner and Powell Winstead
Bought by
Lawrence Julia Ann
Seller's Agent
Lloyd Dillon
Berkshire Hathaway HomeServices Carolinas Realty
List Price
$219,900
Sold Price
$215,000
Premium/Discount to List
-$4,900
-2.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.08%
Original Mortgage
$145,000
Interest Rate
3.65%
Mortgage Type
Commercial

Purchase Details

Closed on
May 24, 2010
Sold by
Hinkle Betsy Clay
Bought by
The Gertrude Shaffner Winstead Living Tr

Purchase Details

Closed on
Feb 19, 2009
Sold by
Federal National Mortgage Association
Bought by
Hinkle Betsy Clay

Purchase Details

Closed on
Oct 30, 2008
Sold by
Mcclennahan Charles Henry
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Apr 3, 2006
Sold by
Tar Branch Towers Llc
Bought by
Mcclennahan Charles Henry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
6.44%
Mortgage Type
Commercial
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
Grotegut Chad A -- None Listed On Document
Callahan Harry L -- None Listed On Document
Grotegut Chad A $290,000 None Available
Lundy Megan Elizabeth $214,500 None Available
Lawrence Julia Ann $215,000 None Available
The Gertrude Shaffner Winstead Living Tr $186,500 None Available
Hinkle Betsy Clay -- None Available
Federal National Mortgage Association -- None Available
Mcclennahan Charles Henry $230,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Grotegut Chad A $217,500
Previous Owner Lundy Megan Elizabeth $203,571
Previous Owner Lawrence Julia Ann $145,000
Previous Owner Mcclennahan Charles Henry $230,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/22/2021 12/22/21 Sold $290,000 +1.4% $290 / Sq Ft
11/21/2021 11/21/21 Pending -- -- --
11/18/2021 11/18/21 For Sale $286,000 +33.5% $286 / Sq Ft
06/06/2017 06/06/17 Sold $214,286 -14.3% $214 / Sq Ft
04/09/2017 04/09/17 Pending -- -- --
03/29/2016 03/29/16 For Sale $249,900 +16.2% $250 / Sq Ft
04/12/2013 04/12/13 Sold $215,000 -2.2% $187 / Sq Ft
03/12/2013 03/12/13 Pending -- -- --
01/09/2013 01/09/13 For Sale $219,900 -- $191 / 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 $2,936 $219,300 $18,500 $200,800
2022 $2,881 $219,300 $18,500 $200,800
2021 $2,747 $212,900 $18,500 $194,400
2020 $2,979 $215,700 $18,300 $197,400
2019 $3,000 $215,700 $18,300 $197,400
2018 $2,849 $215,700 $18,300 $197,400
2016 $2,298 $174,560 $17,087 $157,473
2015 $2,263 $174,560 $17,087 $157,473
2014 $2,194 $174,560 $17,087 $157,473
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Triad MLS

MLS Number: 1049777

Triad MLS

APN: 6835-14-7097