NOT LISTED FOR SALE

5248 Gnarl Wood Rd Lewisville, NC 27023

Estimated Value: $694,000 - $747,000

5 Beds
4.5 Baths
5,200 Sq Ft
$138/Sq Ft Est. Value

Last Sold June 21, 2024

Last sale price $675,000 $130 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $4,200/month

5 Days on Market

Highlights

  • Den with Fireplace
  • Wood Flooring
  • Solid Surface Countertops
  • Meadowlark Elementary School Rated A-
  • Main Floor Primary Bedroom
  • 2 Car Attached Garage

About This Home

As of June 2024

Located in Covington Place this 5 bedroom 4 1/2 bathroom home offers lots of space. Primary Bedroom on Main level, but also a second Primary bedroom located on second floor. Basement has in law/ nanny suite including kitchen, large walk in closet, den and extra bonus room. This home is freshly painted with new carpet in the primary bedroom. Come see all this home has to offer convenient to 421 for easy access to Winston Salem and Surrounding areas.

Last Agent to Sell the Property

Allen Smith

LEGACY Realty NC License #282016 Listed on: 05/17/2024

Last Buyer's Agent

Shawn Beard

Keller Williams Realty Elite License #289830

Keller Williams Realty Elite

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,467

Year Built

  • Built in 2007

Lot Details

  • 0.29 Acre Lot
  • Cleared Lot
  • Property is zoned RS9

HOA Fees

  • $21 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Front Facing Garage
  • Driveway

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 4,908 Sq Ft Home
  • 4,400-5,200 Sq Ft Home
  • Property has 2 Levels
  • Ceiling Fan
  • Insulated Windows
  • Insulated Doors
  • Den with Fireplace
  • 2 Fireplaces
  • Finished Basement
  • Fireplace in Basement
  • Walk-In Attic
  • Dryer Hookup

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Separate Shower

Schools

  • Meadowlark Middle School
  • Reagan High School

Utilities

  • Multiple cooling system units
  • Forced Air Heating and Cooling System
  • Multiple Heating Units
  • Heat Pump System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • Covington Place Subdivision
  • Planned Unit Development

Listing and Financial Details

  • Assessor Parcel Number 5895272872
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,467

Year Built

Built in 2007

Lot Details

0

HOA Fees

$21 per month

Parking

2

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size Acres: 0.29
  • Lot Size: +/-(80 x 162 x 80 x 154)
  • Subdivision Name: Covington Place
  • Directions: Take Shallowford Road to Covington Place Subdivision. Turn on Covington Place, Take 2nd left which is Gnarl Wood Road. 5248 Gnarl Wood Road is on the right.
  • Above Grade Finished Sq Ft: 4908
  • Unit Levels: Two
  • Structure Type: House
  • Year Built: 2007
  • TRIADMLS_PrimaryOnMainYN: Yes
  • TRIADMLS_HeatedFinishedBasementSqFtRange: 1600 - 2000
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 4400 - 5200
  • TRIADMLS_BuiltInformation: Existing
  • TRIADMLS_LandDescription: Cleared Land, PUD, Subdivision
  • Special Features: None

Interior Features

  • Appliances: Microwave, Dishwasher, Disposal, Slide-In Oven/Range, Gas Water Heater
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Ceiling Fan(s), Dead Bolt(s), Soaking Tub, Separate Shower, Solid Surface Counter
  • Has Basement: Finished, Basement
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Below Grade Sq Ft: 1819
  • Door Features: Insulated Doors
  • Fireplace Features: Basement, Den
  • Fireplaces: 2
  • Living Area: 4908
  • Main Level Bathrooms: 2
  • Attic Description: Eave Storage, Walk in Attic
  • TRIADMLS_FullBathsMain: 1
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: Yes
  • TRIADMLS_HalfBathsMain: 1
  • TRIADMLS_FullBathsLower: 1
  • TRIADMLS_FullBathsUpper: 2

Exterior Features

  • Lot Features: Cleared, PUD, Subdivided
  • Pool Features: None
  • Construction Type: Brick
  • TRIADMLS_PoolYN: No
  • Flood Zone: Not in Flood Zone

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Driveway, Garage, Garage Door Opener, Attached, Garage Faces Front
  • Garage Description: Attached Garage, Front Load Garage

Utilities

  • Sewer: Public Sewer
  • Laundry Features: Dryer Connection, Main Level, Washer Hookup
  • Security: Security System
  • Cooling: Central Air, Heat Pump, Multiple Systems
  • Heating: Forced Air, Multiple Systems, Electric, Natural Gas
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Electric, Natural Gas
  • Water Heater: Gas
  • Energy Features: Insulated Doors, Insulated Windows

Condo/Co-op/Association

  • Association Fee: 250
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Elementary School: Meadowlark
  • High School: Reagan
  • Middle Or Junior School: Meadowlark

Lot Info

  • Parcel #: 5895272872
  • Zoning: RS9
  • TRIADMLS_PricePerAcre: 2327586.2069
  • TRIADMLS_DeedPage: 00785
  • TRIADMLS_DeedBook: 02016E
  • TRIADMLS_AcresRange: 0 - 0

Tax Info

  • Tax Annual Amount: 3467.02
  • Tax Year: 2023
  • TRIADMLS_TaxRate: 0.7667

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2024
Closed on
Jun 20, 2024
Sold by
Amended and Restated Gary
Bought by
Goukassian David and Khlgatian Mary
Seller's Agent
Allen Smith
LEGACY Realty NC
Buyer's Agent
Shawn Beard
Keller Williams Realty Elite
List Price
$699,000
Sold Price
$675,000
Premium/Discount to List
-$24,000
-3.43%
Views
37
Current Estimated Value
$715,418

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,418
Avg. Annual Appreciation
4.32%
Original Mortgage
$641,250
Outstanding Balance
$636,491
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$73,372

Purchase Details

Closed on
Apr 1, 2008
Sold by
Tariq Maimoona B and Tayyab Mohammad T
Bought by
Marshall Gary W

Purchase Details

Closed on
Aug 15, 2007
Sold by
Shallowford Developers Llc
Bought by
Tariq Maimoona B

Purchase Details

Closed on
Aug 8, 2007
Sold by
Shallowford Developers Llc
Bought by
Aher Builders Inc
Source: Public Records

Range of Values:

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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
Goukassian David $675,000 None Listed On Document
Marshall Gary W $445,000 None Available
Tariq Maimoona B $263,000 None Available
Aher Builders Inc $68,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Goukassian David $641,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2024 06/21/24 Sold $675,000 -3.4% $153 / Sq Ft
05/17/2024 05/17/24 For Sale $699,000 -- $159 / 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 $3,467 $452,200 $66,500 $385,700
2023 $3,467 $452,200 $66,500 $385,700
2022 $3,467 $452,200 $66,500 $385,700
2021 $3,444 $452,200 $66,500 $385,700
2020 $3,646 $438,900 $66,000 $372,900
2019 $3,690 $438,900 $66,000 $372,900
2018 $3,542 $438,900 $66,000 $372,900
2016 $3,491 $430,532 $66,150 $364,382
2015 $3,491 $430,532 $66,150 $364,382
2014 $3,422 $430,532 $66,150 $364,382
Source: Public Records

Agents Affiliated with this Home

  • Allen Smith

    Seller's Agent in 2024

    Allen Smith

    LEGACY Realty NC

    (336) 829-4879

    131 Total Sales

    Allen Smith
    Section Image
  • Shawn Beard

    Buyer's Agent in 2024

    Shawn Beard

    Keller Williams Realty Elite

    (336) 682-3224

    77 Total Sales

    Shawn Beard
    Section Image
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Map

Source: Triad MLS

MLS Number: 1142888

Triad MLS

APN: 5895-27-2872

North Carolina Forsyth County Lewisville 27023

5248 Gnarl Wood Rd, Lewisville, NC

This home is located at 5248 Gnarl Wood Rd, Lewisville, NC 27023 since 17 May 2024 and is currently estimated at $715,418, approximately $137 per square foot. This property was built in 2007. 5248 Gnarl Wood Rd is a home located in Forsyth County with nearby schools including Meadowlark Elementary School, Meadowlark Middle School, and Ronald W. Reagan High School.

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