NOT LISTED FOR SALE

501 Lake Valley Dr Winston Salem, NC 27107

Estimated Value: $257,000 - $299,000

3 Beds
2 Baths
2,100 Sq Ft
$132/Sq Ft Est. Value

Last Sold October 22, 2015

Last sale price $128,500 $61 Per Sq Ft

Est. 115% increase in value since last sale

Current estimated payment $1,676/month

127 Days on Market

Highlights

  • Attic
  • Porch
  • Attached Carport
  • No HOA
  • Fireplace in Basement
  • Ceiling Fan

About This Home

As of October 2015

Nice and spacious! This well kept home sits on over an acre of land offering privacy without having to move away from the city! New deck built onto the back in 2011. Brand new energy star certified windows just installed and feature a transferable warranty! Carpets and interior paint in excellent shape! Lots of extra storage space in the lower level. Quick access to the highway and central location in the Triad make this a very desirable location. This is one you'll definitely want to see on the inside!

Last Agent to Sell the Property

Nathaniel Birdsong

Salem Realty License #281090 Listed on: 04/16/2015

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,658

Year Built

  • Built in 1975

Lot Details

  • 1.35 Acre Lot
  • Property is zoned RS9

Parking

  • 1 Car Garage
  • Attached Carport

Home Design

  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 1,925 Sq Ft Home
  • 1,700-2,100 Sq Ft Home
  • Ceiling Fan
  • Unfinished Basement
  • Fireplace in Basement
  • Dryer Hookup
  • Attic

Kitchen

  • Free-Standing Range
  • Dishwasher

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Porch

Schools

  • Southeast Middle School
  • Glenn High School

Utilities

  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 6864872590
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,658

Year Built

Built in 1975

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.35
  • Subdivision Name: None
  • Directions: Take 1-40 East out of Winston. Take the exit for Union Cross and turn right. Turn right onto Glenn High Rd. Turn right onto Lake Valley Drive. Home is on the right.
  • Above Grade Finished Sq Ft: 1925
  • Unit Levels: Multi/Split
  • Year Built: 1975
  • TRIADMLS_PrimaryOnMainYN: No
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 1700 - 2100
  • TRIADMLS_PorchYN: Yes
  • TRIADMLS_BuiltInformation: Existing
  • TRIADMLS_FencedYN: No
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Slide-In Oven/Range, Electric Water Heater
  • Flooring: Carpet, Laminate
  • Interior Amenities: Built-in Features, Ceiling Fan(s), Dead Bolt(s)
  • Has Basement: Unfinished, Basement, Crawl Space
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Basement
  • Fireplaces: 1
  • Living Area: 1925
  • Attic Description: Access Only
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: Yes
  • TRIADMLS_FullBathsUpper: 2

Exterior Features

  • Fencing: None
  • Construction Type: Brick, Vinyl Siding

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Attached Carport
  • Garage Description: Attached Carport

Utilities

  • Sewer: Public Sewer
  • Laundry Features: Dryer Connection, Main Level, Washer Hookup
  • Cooling: Heat Pump
  • Heating: Heat Pump, Electric
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Electric
  • Water Heater: Electric

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Union Cross
  • High School: Glenn
  • Middle Or Junior School: Southeast

Lot Info

  • Parcel #: 6864872590
  • Zoning: RS9
  • TRIADMLS_PricePerAcre: 95481.4815
  • TRIADMLS_DeedPage: 1288
  • TRIADMLS_DeedBook: 3115
  • TRIADMLS_AcresRange: 1 - 1

Tax Info

  • Tax Annual Amount: 1658
  • Tax Year: 2014
  • TRIADMLS_TaxRate: 1.26

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 11, 2021
Sold by
Lackey Frances S
Bought by
Lackey Frances S and Lackey Kenneth J
Current Estimated Value
$276,489

Purchase Details

Listed on
Apr 16, 2015
Closed on
Sep 24, 2015
Sold by
Morgan Justin M and Morgan Stacy
Bought by
Lackey Frances S
Seller's Agent
Nathaniel Birdsong
Salem Realty
List Price
$134,900
Sold Price
$128,500
Premium/Discount to List
-$6,400
-4.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.07%
Original Mortgage
$102,800
Outstanding Balance
$80,910
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$195,580

Purchase Details

Closed on
Mar 29, 2013
Sold by
Morgan Justin M
Bought by
Morgan Justin M and Basham Stacy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,987
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 20, 2009
Sold by
Annas Mary Jo and Annas Jonathan
Bought by
Morgan Justin M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,280
Interest Rate
4.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 18, 2005
Sold by
Salcedo Andrew and Salcedo Brenda G
Bought by
Mackie Mary Jo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
5.54%
Mortgage Type
Purchase Money Mortgage
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
Lackey Frances S -- None Available
Lackey Frances S $128,500 Attorney
Morgan Justin M -- None Available
Morgan Justin M $124,000 None Available
Mackie Mary Jo $130,000 Chicago Title Insurance Comp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lackey Frances S $102,800
Previous Owner Morgan Justin M $120,987
Previous Owner Morgan Justin M $120,280
Previous Owner Mackie Mary Jo $10,000
Previous Owner Mackie Mary Jo $85,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/22/2015 10/22/15 Sold $128,500 -4.7% $76 / Sq Ft
08/22/2015 08/22/15 Pending -- -- --
04/16/2015 04/16/15 For Sale $134,900 -- $79 / 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
2024 $2,059 $153,800 $33,800 $120,000
2023 $2,059 $153,800 $33,800 $120,000
2022 $2,021 $153,800 $33,800 $120,000
2021 $1,984 $153,800 $33,800 $120,000
2020 $1,892 $137,000 $29,000 $108,000
2019 $1,906 $137,000 $29,000 $108,000
2018 $1,810 $137,000 $29,000 $108,000
2016 $1,736 $131,906 $29,160 $102,746
2015 $1,709 $131,906 $29,160 $102,746
2014 $1,658 $131,906 $29,160 $102,746
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2015

    Nathaniel Birdsong

    Salem Realty

    (336) 253-7418

    115 Total Sales

    Nathaniel Birdsong
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Map

Source: Triad MLS

MLS Number: 754213

Triad MLS

APN: 6864-87-2590

North Carolina Forsyth County Winston-Salem 27107

501 Lake Valley Dr, Winston-Salem, NC

This home is located at 501 Lake Valley Dr, Winston Salem, NC 27107 since 16 April 2015 and is currently estimated at $276,489, approximately $131 per square foot. This property was built in 1975. 501 Lake Valley Dr is a home located in Forsyth County with nearby schools including Union Cross Elementary School, Southeast Middle School, and R.B. Glenn High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Triad MLS Copyright 2025 Triad MLS, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This site will be monitored for ‘scraping’ and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. All Sale data is for informational purposes only and is not an indication of a market analysis or appraisal. Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.’s, Internet Data Exchange Database.

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