NOT LISTED FOR SALE

701 Summit St Winston Salem, NC 27101

West End Neighborhood

Estimated Value: $501,000 - $803,000

4 Beds
4 Baths
3,800 Sq Ft
$174/Sq Ft Est. Value

Last Sold December 09, 2015

Last sale price $235,000 $62 Per Sq Ft

Est. 181% increase in value since last sale

Current estimated payment $3,932/month

403 Days on Market

Highlights

  • Traditional Architecture
  • Attic
  • No HOA
  • Wood Flooring
  • 7 Fireplaces
  • Porch

About This Home

As of December 2015

REDUCED $100,000 FROM 2014 APPRAISAL! Restore this stately 103 year old West End home to its former glory. This 4Br.,4BA 3,500+ sq. ft. home is currently divided into 4 apartments, but can be simply converted back to single family residence. With 7 fireplaces, 10' ceilings, butler's pantry, sun room, sleeping porches & multiple built-in's, this gracious home was once a show place. Sit on the wraparound porch, sipping sweet tea, reminiscent of the days of its gracious heritage.

Last Agent to Sell the Property

Lynn Hill

Leonard Ryden Burr Real Estate License #206889 Listed on: 09/17/2014

Leonard Ryden Burr Real Estate

Last Buyer's Agent

Lynn Hill

Leonard Ryden Burr Real Estate License #206889 Listed on: 09/17/2014

Leonard Ryden Burr Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,483

Year Built

  • Built in 1912

Lot Details

  • 1,307 Sq Ft Lot
  • Property is zoned RSQHO

Parking

  • No Garage

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Aluminum Siding

Interior Spaces

  • 3,572 Sq Ft Home
  • 3,200-3,800 Sq Ft Home
  • Property has 2 Levels
  • 7 Fireplaces
  • Attic

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • Porch

Utilities

  • Radiator
  • Heating System Uses Natural Gas
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • West End Subdivision

Listing and Financial Details

  • Legal Lot and Block 001 / 0135/2b
  • Assessor Parcel Number 6825883229
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,483

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.03
  • Lot Size: 95.6 x 197LS x 75R x 133RS
  • Subdivision Name: West End
  • Directions: From downtown Winston-Salem, 4th St. West. R. on Summit Street. 701 on corner of Summit & Manly
  • Above Grade Finished Sq Ft: 3572
  • Architectural Style: Traditional
  • Unit Levels: Two
  • Year Built: 1912
  • TRIADMLS_PrimaryOnMainYN: No
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 3200 - 3800
  • TRIADMLS_PorchYN: Yes
  • TRIADMLS_CityLimitsYN: Yes
  • TRIADMLS_BuiltInformation: Historic
  • TRIADMLS_FencedYN: No
  • TRIADMLS_ElevatorYN: No
  • TRIADMLS_AdCopy: javascript:__doPostBack('m_lbSubmit','')
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater
  • Flooring: Carpet, Laminate, Wood
  • Interior Amenities: Built-in Features
  • Has Basement: Crawl Space
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Fireplace Features: Gas Log, See Remarks
  • Fireplaces: 7
  • Living Area: 3572
  • Main Level Bathrooms: 2
  • Attic Description: Floored Attic, Remarks
  • TRIADMLS_FullBathsMain: 2
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: No
  • TRIADMLS_FullBathsUpper: 2

Exterior Features

  • Fencing: None
  • Lot Features: City Lot
  • Construction Type: Aluminum Siding, Brick
  • Flood Zone: Not in Flood Zone

Garage/Parking

  • Parking Features: No Garage
  • Garage Description: None

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Radiator, See Remarks, Natural Gas
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Natural Gas, Remarks
  • 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

  • Parcel #: 6825883229
  • Zoning: RSQHO
  • TRIADMLS_PricePerAcre: 8300000
  • TRIADMLS_DeedPage: 3357
  • TRIADMLS_DeedBook: 2573

Tax Info

  • Tax Annual Amount: 2483.44
  • Tax Block: 0135/2b
  • Tax Lot: 001
  • Tax Year: 2014
  • TRIADMLS_TaxRate: 1.2568

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2014
Closed on
Dec 8, 2015
Sold by
Dufort Mary Martin and Blunk Suzanne
Bought by
Key Management Llc
Seller's Agent
Lynn Hill
Leonard Ryden Burr Real Estate
Buyer's Agent
Lynn Hill
Leonard Ryden Burr Real Estate
List Price
$359,000
Sold Price
$235,000
Premium/Discount to List
-$124,000
-34.54%
Current Estimated Value
$659,446

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$424,446
Avg. Annual Appreciation
11.18%
Original Mortgage
$125,000
Outstanding Balance
$98,990
Interest Rate
3.83%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$560,456

Purchase Details

Closed on
Jun 1, 2005
Sold by
Dufort Mary Martin
Bought by
Blunk Suzanne
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
Key Management Llc $235,000 None Available
Blunk Suzanne -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Key Management Llc $125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/09/2015 12/09/15 Sold $235,000 -34.5% $73 / Sq Ft
10/26/2015 10/26/15 Pending -- -- --
09/17/2014 09/17/14 For Sale $359,000 -- $112 / 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 $4,148 $309,800 $72,000 $237,800
2023 $4,148 $309,800 $72,000 $237,800
2022 $4,070 $309,800 $72,000 $237,800
2021 $3,997 $309,800 $72,000 $237,800
2020 $3,693 $267,400 $70,700 $196,700
2019 $3,719 $267,400 $70,700 $196,700
2018 $3,532 $267,400 $70,700 $196,700
2016 $2,600 $197,598 $67,500 $130,098
2015 $2,561 $197,598 $67,500 $130,098
2014 -- $197,598 $67,500 $130,098
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2015

    Lynn Hill

    Leonard Ryden Burr Real Estate

    (828) 773-0687

    52 Total Sales

    Lynn Hill
    Section Image
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Map

Source: Triad MLS

MLS Number: 719257

Triad MLS

APN: 6825-88-3229

North Carolina Forsyth County Winston-Salem 27101 West End

701 Summit St, Winston-Salem, NC

This home is located at 701 Summit St, Winston Salem, NC 27101 since 17 September 2014 and is currently estimated at $659,446, approximately $173 per square foot. This property was built in 1912. 701 Summit St is a home located in Forsyth County with nearby schools including Brunson Elementary School, Wiley Magnet Middle School, and Reynolds High School.

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