NOT LISTED FOR SALE

517 Covington Ridge Rd Winston Salem, NC 27107

Estimated Value: $265,000 - $296,000

3 Beds
2.5 Baths
2,000 Sq Ft
$141/Sq Ft Est. Value

Last Sold May 22, 2015

Last sale price $95,500 $48 Per Sq Ft

Est. 196% increase in value since last sale

Current estimated payment $1,721/month

16 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Central Air

About This Home

As of May 2015

381-845270 (IE) Nice 2 story home features 3 bedroom 2 baths and spacious backyard . Just needs a little TLC. Make this your home! AS-IS without repairs or warranties.See HUDPemco or HUDHOMESTORE websites for Property Condition Report, environmental issues if any, online bidding, required contract and addenda. Registered HUD brokers only. All information is believed accurate, but should be verified by buyer .

Last Buyer's Agent

NONMEMBER NONMEMBER

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,394

Year Built

  • Built in 1993

Lot Details

  • 0.38 Acre Lot
  • Property is zoned RS9

Parking

  • No Garage

Home Design

  • Traditional Architecture
  • Vinyl Siding

Interior Spaces

  • 1,848 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

Listing and Financial Details

  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,394

Year Built

Built in 1993

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.38
  • Directions: I-40 W toward Winston-Salem.I-40 W . Take exit 201 for Union Cross Rd .(L) Union Cross Rd.(R) Glenn High Rd.(R)Covington Ridge Rd.
  • Above Grade Finished Sq Ft: 1848
  • Architectural Style: Traditional
  • Unit Levels: Two
  • Year Built: 1993
  • TRIADMLS_PrimaryOnMainYN: No
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 1600 - 2000
  • TRIADMLS_BuiltInformation: Existing
  • TRIADMLS_ElevatorYN: No
  • 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: 1848
  • Main Level Bathrooms: 1
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: No
  • TRIADMLS_HalfBathsMain: 1
  • TRIADMLS_FullBathsUpper: 2

Exterior Features

  • Construction Type: Vinyl Siding

Garage/Parking

  • Parking Features: No Garage
  • Garage Description: None

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

Schools

  • Elementary School: Call School Board
  • High School: Call School Board
  • Middle Or Junior School: Call School Board

Lot Info

  • Zoning: RS9
  • TRIADMLS_DeedPage: 310
  • TRIADMLS_DeedBook: 3212

Tax Info

  • Tax Annual Amount: 1394
  • Tax Year: 2013
  • TRIADMLS_TaxRate: 0.7168

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2015
Closed on
May 21, 2015
Sold by
Secretary Of Housing And Burban Developm
Bought by
Mcnamara Mathew
Buyer's Agent
NONMEMBER NONMEMBER
List Price
$100,000
Sold Price
$95,500
Premium/Discount to List
-$4,500
-4.5%
Current Estimated Value
$282,283

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$186,783
Avg. Annual Appreciation
11.10%
Original Mortgage
$71,625
Interest Rate
3.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 14, 2015
Sold by
Jpmorgan Chase Bank Na
Bought by
Secretary Of Hud

Purchase Details

Closed on
Dec 30, 2014
Sold by
Brooke Terry Joseph and Brooke Terry
Bought by
Jpmorgan Chase Bank Na

Purchase Details

Closed on
Mar 5, 2007
Sold by
Scales Kenneth H and Scales Patricia D
Bought by
Brooke Terry Joseph and Brooke Terry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,800
Interest Rate
6.3%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Mcnamara Mathew -- None Available
Secretary Of Hud -- None Available
Jpmorgan Chase Bank Na $90,000 None Available
Brooke Terry Joseph $136,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcnamara Jeannette C $67,000
Closed Mcnamara Mathew $71,625
Previous Owner Terry Joseph $137,431
Previous Owner Brooke Terry Joseph $133,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/22/2015 05/22/15 Sold $95,500 -4.5% $60 / Sq Ft
04/06/2015 04/06/15 Pending -- -- --
03/20/2015 03/20/15 For Sale $100,000 -- $63 / 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 $2,237 $167,100 $41,000 $126,100
2023 $2,237 $167,100 $41,000 $126,100
2022 $2,195 $167,100 $41,000 $126,100
2021 $2,156 $167,100 $41,000 $126,100
2020 $1,705 $123,500 $22,100 $101,400
2019 $1,718 $123,500 $22,100 $101,400
2018 $1,631 $123,500 $22,100 $101,400
2016 $1,471 $111,776 $22,100 $89,676
2015 $1,449 $111,776 $22,100 $89,676
2014 $1,405 $111,776 $22,100 $89,676
Source: Public Records

Agents Affiliated with this Home

  • N

    Buyer's Agent in 2015

    NONMEMBER NONMEMBER

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Map

Source: Triad MLS

MLS Number: 734429

Triad MLS

APN: 6864-87-7562

North Carolina Forsyth County Winston-Salem 27107

517 Covington Ridge Rd, Winston-Salem, NC

This home is located at 517 Covington Ridge Rd, Winston Salem, NC 27107 since 20 March 2015 and is currently estimated at $282,283, approximately $141 per square foot. This property was built in 1993. 517 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.

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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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