NOT LISTED FOR SALE

521 Lake Dr Winston Salem, NC 27107

Estimated Value: $240,000 - $314,000

3 Beds
1.5 Baths
1,700 Sq Ft
$167/Sq Ft Est. Value

Last Sold October 27, 2022

Last sale price $222,500 $131 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $1,605/month

52 Days on Market

Highlights

  • Living Room with Fireplace
  • No HOA
  • Detached Carport Space
  • Wallburg Elementary School Rated A-
  • Porch
  • Central Air

About This Home

As of October 2022

Check out this Adorable, Well Maintained home in Wallburg/ Oak Grove school district Very Private setting (two parcels totalling 0.72 acres) plenty of space to enjoy the outdoors. Relax on the rocking chair covered front porch or the partially covered back deck overlooking a serene wooded setting. Home has 3 bedrooms, 1.5 baths, eat in kitchen, living room and large cozy den with built in shelving in the basement. Kitchen has granite countertops. Refrigerator in kitchen and refrigerator in basement conveys. Primary bedroom has walk in closet. Gas log fireplace in the living room and den. Separate laundry room with folding table. Basement has large unfinished area with sink - perfect for workshop or additional storage. Storage building on property conveys. Plenty of parking for RV, boats, etc. No HOA! Mature landscaping in a well established neighborhood. Low Davidson County taxes.

Last Agent to Sell the Property

Kim Kennedy

KB Realty License #309407 Listed on: 07/19/2022

Last Buyer's Agent

Hugh Moore

Hugh Moore Real Estate Firm LLC License #282571

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $957

Year Built

  • Built in 1985

Lot Details

  • 0.72 Acre Lot
  • Property is zoned RS

Parking

  • 2 Car Garage
  • Detached Carport Space
  • Driveway

Home Design

  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 1,525 Sq Ft Home
  • 1,300-1,700 Sq Ft Home
  • Property has 1 Level
  • Living Room with Fireplace
  • 2 Fireplaces
  • Partially Finished Basement
  • Fireplace in Basement

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Porch

Schools

  • Oak Grove Middle School
  • Oak Grove High School

Utilities

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

Community Details

  • No Home Owners Association
  • Shady Brook Subdivision

Listing and Financial Details

  • Assessor Parcel Number 13008C00K0031; 13008D00K0033
  • 0% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$957

Year Built

Built in 1985

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size Acres: 0.72
  • Subdivision Name: Shady Brook
  • Directions: From Hwy 109 turn onto Motsinger Road. At stop sign turn right onto Friendship-Ledford Road. First road on left is Lake Drive. Turn left onto Lake Drive. House will be on the left, #521.
  • Above Grade Finished Sq Ft: 1525
  • Architectural Style: Ranch
  • Unit Levels: One
  • Structure Type: House
  • Year Built: 1985
  • TRIADMLS_PrimaryOnMainYN: Yes
  • TRIADMLS_HeatedFinishedBasementSqFtRange: 400 - 600
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 1300 - 1700
  • TRIADMLS_PorchYN: Yes
  • TRIADMLS_BuiltInformation: Existing
  • TRIADMLS_FencedYN: No
  • Special Features: None

Interior Features

  • Appliances: Microwave, Electric Water Heater
  • Flooring: Carpet, Laminate, Vinyl
  • Interior Amenities: Built-in Features
  • Has Basement: Partially Finished, Basement
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 500
  • Fireplace Features: Basement, Living Room
  • Fireplaces: 2
  • Living Area: 1525
  • Main Level Bathrooms: 2
  • TRIADMLS_FullBathsMain: 1
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: Yes
  • TRIADMLS_HalfBathsMain: 1

Exterior Features

  • Fencing: None
  • Pool Features: None
  • Construction Type: Brick, Vinyl Siding
  • TRIADMLS_PoolYN: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Carport, Driveway, Detached Carport
  • Garage Description: Detached Carport

Utilities

  • Sewer: Septic Tank
  • Laundry Features: In Basement
  • Cooling: Central Air
  • Heating: Fireplace(s), Heat Pump, Electric, Propane
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Electric, Propane Gas
  • Water Heater: Electric

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Wallburg
  • High School: Oak Grove
  • Middle Or Junior School: Oak Grove

Lot Info

  • Parcel #: 13008C00K0031; 13008D00K0033
  • Zoning: RS
  • TRIADMLS_PricePerAcre: 309027.7778
  • TRIADMLS_DeedPage: 2397
  • TRIADMLS_DeedBook: 2514
  • TRIADMLS_AcresRange: 1 - 1

Tax Info

  • Tax Annual Amount: 957.06
  • Tax Year: 2021
  • TRIADMLS_TaxRate: 0.0064

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2022
Closed on
Oct 27, 2022
Sold by
Hall Christopher R and Hall Shelley T
Bought by
Collins Sidney Monroe and Caruthers Dyson Sara
Seller's Agent
Kim Kennedy
KB Realty
Buyer's Agent
Hugh Moore
Hugh Moore Real Estate Firm LLC
List Price
$230,000
Sold Price
$222,500
Premium/Discount to List
-$7,500
-3.26%
Views
33
Current Estimated Value
$283,883

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,383
Avg. Annual Appreciation
8.86%
Original Mortgage
$2,142,946
Outstanding Balance
$2,064,377
Interest Rate
6.02%
Mortgage Type
FHA
Estimated Equity
-$1,780,494

Purchase Details

Closed on
Nov 9, 2021
Sold by
Hall Christopher R and Hall Shelley T
Bought by
Hall Christopher R and Hall Shelley T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
3.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 21, 2002
Sold by
Payne William R
Bought by
Williams Dot

Purchase Details

Closed on
Nov 1, 1995

Purchase Details

Closed on
Oct 1, 1989
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
Collins Sidney Monroe $222,500 --
Collins Sidney Monroe $222,500 None Listed On Document
Hall Christopher R -- Coltrane Grubbs Orenstein Pllc
Williams Dot $118,000 --
-- $91,500 --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Collins Sidney Monroe $2,142,946
Closed Collins Sidney Monroe $2,142,946
Previous Owner Hall Christopher R $115,000
Previous Owner Hall Christopher R $112,500
Previous Owner Hall Christopher R $108,000
Previous Owner Hall Christopher R $85,500
Previous Owner Hall Christopher R $62,000
Previous Owner Hall Christopher R $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/27/2022 10/27/22 Sold $222,500 -3.3% $171 / Sq Ft
09/12/2022 09/12/22 Pending -- -- --
08/25/2022 08/25/22 Price Changed $230,000 0.0% $177 / Sq Ft
08/25/2022 08/25/22 For Sale $230,000 -2.1% $177 / Sq Ft
08/10/2022 08/10/22 Pending -- -- --
07/21/2022 07/21/22 For Sale $235,000 -- $181 / 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 $846 $134,260 $0 $0
2023 $859 $134,260 $0 $0
2022 $858 $136,040 $0 $0
2021 $858 $136,040 $0 $0
2020 $794 $125,930 $0 $0
2019 $806 $125,930 $0 $0
2018 $806 $125,930 $0 $0
2017 $806 $125,930 $0 $0
2016 $740 $115,570 $0 $0
2015 $740 $115,570 $0 $0
2014 $757 $118,240 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Triad MLS

MLS Number: 1077824

Triad MLS

APN: 13-008-C-00K-0031-0-0-0