NOT LISTED FOR SALE

505 Covington Ridge Rd Winston Salem, NC 27107

Estimated Value: $297,000 - $323,000

3 Beds
2.5 Baths
2,000 Sq Ft
$156/Sq Ft Est. Value

Last Sold December 02, 2021

Last sale price $260,000 $130 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $1,900/month

26 Days on Market

Highlights

  • No HOA
  • 1 Car Attached Garage
  • Central Air

About This Home

As of December 2021

Welcome home to this cute two story 3 bedroom home in Winston Salem. Spacious living room and kitchen with stainless steel appliances and plenty of cabinets. All bedrooms upstairs! Fenced in backyard is great for weekend BBQs. Take a tour today!

Last Agent to Sell the Property

Derek Dickson

OFFERPAD BROKERAGE LLC License #308020 Listed on: 10/14/2021

Last Buyer's Agent

Steve Casselman

eXp Realty LLC License #272611

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,820

Year Built

  • Built in 1993

Lot Details

  • 0.38 Acre Lot

Parking

  • 1 Car Attached Garage

Interior Spaces

  • 1,861 Sq Ft Home
  • 1,600-2,000 Sq Ft Home
  • Property has 2 Levels
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 3 Bedrooms

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Covington Ridge Subdivision

Listing and Financial Details

  • Assessor Parcel Number 6864877796
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,820

Year Built

Built in 1993

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size Acres: 0.38
  • Lot Size: .38
  • Subdivision Name: Covington Ridge
  • Directions: Union Cross Rd to Glenn Hi Rd to Covington Ridge Rd
  • Above Grade Finished Sq Ft: 1861
  • Unit Levels: Two
  • Structure Type: House
  • Year Built: 1993
  • TRIADMLS_PrimaryOnMainYN: No
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 1600 - 2000
  • TRIADMLS_BuiltInformation: Existing
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Living Room
  • Fireplaces: 1
  • Living Area: 1861
  • Main Level Bathrooms: 1
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: No
  • TRIADMLS_HalfBathsMain: 1
  • TRIADMLS_FullBathsUpper: 2

Exterior Features

  • Pool Features: None
  • Construction Type: See Remarks
  • TRIADMLS_PoolYN: No

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 6864877796
  • Zoning: RES
  • TRIADMLS_PricePerAcre: 683947.3684
  • TRIADMLS_DeedPage: 3316-3317
  • TRIADMLS_DeedBook: RE 3629
  • TRIADMLS_AcresRange: 0 - 0

Tax Info

  • Tax Annual Amount: 1820
  • Tax Year: 2020
  • TRIADMLS_TaxRate: 1.3209

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2021
Closed on
Dec 1, 2021
Sold by
Offerpad Spvborrower1 Llc
Bought by
Mch Sfr Nc Owner 1 Lp
Seller's Agent
Derek Dickson
OFFERPAD BROKERAGE LLC
Buyer's Agent
Steve Casselman
eXp Realty LLC
Sold Price
$260,000
Current Estimated Value
$312,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,333
Avg. Annual Appreciation
5.00%

Purchase Details

Closed on
Jul 30, 2021
Sold by
Yambo Abiezer and Yambo Abigail
Bought by
Offerpad Spvborrowerl Llc

Purchase Details

Closed on
Jul 11, 2011
Sold by
Fannie Mae
Bought by
Yambo Abiezer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,825
Interest Rate
4.62%
Mortgage Type
FHA

Purchase Details

Closed on
May 25, 2010
Sold by
Haughton Douglas Eugene and Haughton Janice Carol
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Sep 19, 2007
Sold by
Cabell Alonzo C
Bought by
Haughton Douglas Eugene and Haughton Janice Carol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,480
Interest Rate
6.55%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Mch Sfr Nc Owner 1 Lp $260,000 Investors Title Insurance Co
Offerpad Spvborrowerl Llc $227,000 First American Title
Yambo Abiezer -- Chicago Title Insurance Co
Federal National Mortgage Association $131,837 None Available
Haughton Douglas Eugene $94,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Yambo Abigail $28,000
Previous Owner Yambo Abiezer $102,825
Previous Owner Haughton Douglas Eugene $113,900
Previous Owner Haughton Douglas Eugene $94,480
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/02/2021 12/02/21 Sold $260,000 -- $163 / 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 $2,419 $180,700 $41,000 $139,700
2023 $2,419 $180,700 $41,000 $139,700
2022 $2,374 $180,700 $41,000 $139,700
2021 $2,284 $177,000 $41,000 $136,000
2020 $1,820 $131,800 $22,100 $109,700
2019 $1,833 $131,800 $22,100 $109,700
2018 $1,741 $131,800 $22,100 $109,700
2016 $1,569 $119,230 $22,100 $97,130
2015 $1,545 $0 $0 $0
2014 $1,252 $99,591 $22,100 $77,491
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2021

    Derek Dickson

    OFFERPAD BROKERAGE LLC

    Derek Dickson
    Section Image

  • S

    Buyer's Agent in 2021

    Steve Casselman

    eXp Realty LLC

    (704) 773-4345

    1,967 Total Sales

    Steve Casselman
    Section Image
See All Agents

Map

Source: Triad MLS

MLS Number: 1045752

Triad MLS

APN: 6864-87-7796

North Carolina Forsyth County Winston-Salem 27107

505 Covington Ridge Rd, Winston-Salem, NC

This home is located at 505 Covington Ridge Rd, Winston Salem, NC 27107 since 14 October 2021 and is currently estimated at $312,333, approximately $156 per square foot. This property was built in 1993. 505 Covington Ridge Rd 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.

Nearby Homes