NOT LISTED FOR SALE

705 Chatham Rd Winston Salem, NC 27101

Crystal Towers Neighborhood

Estimated Value: $376,000 - $702,000

7 Beds
3 Baths
4,800 Sq Ft
$102/Sq Ft Est. Value

Last Sold January 06, 2017

Last sale price $57,500 $12 Per Sq Ft

Est. 752% increase in value since last sale

Current estimated payment $2,750/month

175 Days on Market

Highlights

  • Living Room with Fireplace
  • Main Floor Primary Bedroom
  • Porch
  • Wood Flooring
  • No HOA
  • 3-minute walk to Downtown Park

About This Home

As of January 2017

Located just up from the almost finished Chatham Mill complex this triplex features 3 spacious units- one on each floor. This is a great opportunity to add to an investment portfolio. Priced $47,000 below tax value. Call for a showing today!

Last Agent to Sell the Property

Charlie Watkins

Leonard Ryden Burr Real Estate License #279636 Listed on: 05/12/2016

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1948

Lot Details

  • 8,276 Sq Ft Lot
  • Property is zoned RSQHO

Home Design

  • Vinyl Siding

Interior Spaces

  • 4,544 Sq Ft Home
  • 4,000-4,800 Sq Ft Home
  • Property has 2 Levels
  • Living Room with Fireplace
  • 2 Fireplaces
  • Finished Basement

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Primary Bedroom on Main

Outdoor Features

  • Porch

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • No Home Owners Association
  • West End Subdivision

Listing and Financial Details

  • Assessor Parcel Number 6835082418
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size Acres: 0.19
  • Subdivision Name: West End
  • Directions: Broad Street to left on 6th Street, left on West End Blvd
  • Above Grade Finished Sq Ft: 4544
  • Unit Levels: Two
  • Structure Type: House
  • Year Built: 1948
  • TRIADMLS_PrimaryOnMainYN: Yes
  • TRIADMLS_HeatedFinishedBasementSqFtRange: 1300 - 1600
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 4000 - 4800
  • TRIADMLS_PorchYN: Yes
  • TRIADMLS_BuiltInformation: Historic
  • TRIADMLS_FencedYN: No
  • TRIADMLS_ElevatorYN: No
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater
  • Flooring: Carpet, Vinyl, Wood
  • Has Basement: Finished, Unfinished, Basement
  • Full Bathrooms: 3
  • Total Bedrooms: 7
  • Below Grade Sq Ft: 1476
  • Fireplace Features: Kitchen, Living Room
  • Fireplaces: 2
  • Living Area: 4544
  • Main Level Bathrooms: 1
  • TRIADMLS_FullBathsMain: 1
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: Yes
  • TRIADMLS_FullBathsLower: 1
  • TRIADMLS_FullBathsUpper: 1

Exterior Features

  • Fencing: None
  • Construction Type: Vinyl Siding
  • Flood Zone: Not in Flood Zone

Utilities

  • Sewer: Public Sewer
  • Cooling: Window Unit(s)
  • Heating: Forced Air, Natural Gas
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Natural Gas
  • Water Heater: Gas

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 #: 6835082418
  • Zoning: RSQHO
  • TRIADMLS_PricePerAcre: 473684.2105
  • TRIADMLS_DeedPage: 3900
  • TRIADMLS_DeedBook: 3135
  • TRIADMLS_AcresRange: 0 - 0

Tax Info

  • Tax Annual Amount: 1921.36
  • Tax Year: 2016
  • TRIADMLS_TaxRate: 1.316

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2016
Closed on
Jan 6, 2017
Sold by
Dreit Llc
Bought by
Parks Family Holdings Llc
Seller's Agent
Charlie Watkins
Leonard Ryden Burr Real Estate
List Price
$99,000
Sold Price
$57,500
Premium/Discount to List
-$41,500
-41.92%
Current Estimated Value
$490,186

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$432,686
Avg. Annual Appreciation
27.54%

Purchase Details

Listed on
Mar 22, 2013
Closed on
Jun 27, 2013
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Dreit Llc
Buyer's Agent
Bob Merritt
Empyrean Realty
List Price
$37,900
Sold Price
$25,000
Premium/Discount to List
-$12,900
-34.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.22%

Purchase Details

Closed on
Mar 28, 2013
Sold by
Coan John C and Coan John
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Aug 22, 2003
Sold by
Page Brian C
Bought by
Coan John J and Coan Connie W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,050
Interest Rate
5.52%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 20, 2002
Sold by
Gregory Lewis P and Gregory Marjorie L
Bought by
Page Brian C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
5.34%
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
Parks Family Holdings Llc $57,500 None Available
Dreit Llc -- None Available
Federal Home Loan Mortgage Corporation $77,000 None Available
Coan John J $225,000 --
Page Brian C $48,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Coan John J $202,050
Previous Owner Page Brian C $80,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/06/2017 01/06/17 Sold $57,500 -41.9% $14 / Sq Ft
11/04/2016 11/04/16 Pending -- -- --
05/12/2016 05/12/16 For Sale $99,000 +296.0% $25 / Sq Ft
07/23/2013 07/23/13 Sold $25,000 -34.0% $6 / Sq Ft View Prior Sale
06/19/2013 06/19/13 Pending -- -- --
03/22/2013 03/22/13 For Sale $37,900 -- $9 / 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
2025 $2,145 $412,800 $70,600 $342,200
2024 $2,047 $152,900 $42,500 $110,400
2023 $2,047 $152,900 $42,500 $110,400
2022 $2,009 $152,900 $42,500 $110,400
2021 $1,973 $152,900 $42,500 $110,400
2020 $2,042 $147,900 $58,900 $89,000
2019 $2,057 $147,900 $58,900 $89,000
2018 $1,954 $147,900 $58,900 $89,000
2016 $1,921 $145,965 $65,700 $80,265
2015 $1,892 $145,965 $65,700 $80,265
2014 -- $145,965 $65,700 $80,265
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2017

    Charlie Watkins

    Leonard Ryden Burr Real Estate

    (336) 909-3230

    1 in this area

    169 Total Sales

    Charlie Watkins
    Section Image

  • B

    Buyer's Agent in 2013

    Bob Merritt

    Empyrean Realty

    (336) 231-8288

    12 Total Sales

    Bob Merritt
    Section Image
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Map

Source: Triad MLS

MLS Number: 794515

Triad MLS

APN: 6835-08-2418

North Carolina Forsyth County Winston-Salem 27101 Crystal Towers

705 Chatham Rd, Winston-Salem, NC

This home is located at 705 Chatham Rd, Winston Salem, NC 27101 since 12 May 2016 and is currently estimated at $490,186, approximately $102 per square foot. This property was built in 1948. 705 Chatham Rd 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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