NOT LISTED FOR SALE

713 W Academy St Winston Salem, NC 27101

Wachovia Highlands Neighborhood

Estimated Value: $280,527 - $299,000

3 Beds
3 Baths
1,073 Sq Ft
$268/Sq Ft Est. Value

Last Sold April 13, 2023

Last sale price $265,000 $247 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $1,744/month

2 Days on Market

Highlights

  • Wood Flooring
  • Balcony
  • Wood Siding
  • No HOA
  • Forced Air Heating System
  • 5-minute walk to Granville Park

About This Home

As of April 2023

Adorable 1920’s triplex in West Salem. Lovely details with the weatherboard siding, sawn brackets and inviting side porch. Fully rented with month to month leases. 2 Studio units and a 1 bedroom with total rents of $2300.00. Excellent opportunity to own an income producing property with an abundance of historic charm yet affordably priced. Property also could be restored to a single family or some combination of owner occupied with rental or mother -inlaw suite.
**SHOWINGS WED MARCH 8 4-6PM and SATURDAY MARCH 11 11-1
Please schedule with showing time or reach out to list agent.

Last Agent to Sell the Property

Toni Phillips

Leonard Ryden Burr Real Estate License #252968 Listed on: 03/06/2023

Co-Listed By

Kristin Ranson

Leonard Ryden Burr Real Estate License #237363

Last Buyer's Agent

Philip Stewart

Stewart Realty License #105687

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,532

Year Built

  • Built in 1920

Lot Details

  • 5,227

Parking

  • No Garage

Home Design

  • Triplex
  • Wood Siding

Flooring

  • Wood
  • Vinyl

Utilities

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

Additional Features

  • Washer and Dryer Hookup
  • Balcony
  • 5,227 Sq Ft Lot
  • Basement

Listing and Financial Details

  • Assessor Parcel Number 6835028137
  • 1% Total Tax Rate

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • 1,008 Sq Ft Building
  • West Salem Subdivision

Building Details

  • 3 Leased Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,532

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Triplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.12
  • Road Surface Type: Paved
  • Co List Office Mls Id: WLRB01
  • Co List Office Phone: 336-779-9200
  • Subdivision Name: West Salem
  • Directions: Broad St South, Right on Academy St. Property is on right at corner of Laurel St.
  • Year Built: 1920
  • TRIADMLS_CityLimitsYN: Yes
  • TRIADMLS_BuiltInformation: Existing
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater
  • Flooring: Vinyl, Wood
  • TRIADMLS_ApproxSqFtRange: 900 - 1100
  • Basement YN: Yes

Exterior Features

  • Exterior Features: Balcony
  • Lot Features: City Lot
  • Pool Features: None
  • Construction Type: Wood Siding
  • TRIADMLS_PoolYN: No
  • Flood Zone: Not in Flood Zone

Garage/Parking

  • Parking Features: On Street, No Garage
  • Garage Description: None

Utilities

  • Sewer: Public Sewer
  • Laundry Features: Washer/Dryer Connection
  • Cooling: Window Unit(s)
  • Heating: Forced Air, Natural Gas
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Natural Gas
  • Water Heater: Electric

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 6835028137
  • Zoning: RM5
  • TRIADMLS_PricePerAcre: 2208333.3333
  • TRIADMLS_DeedPage: 2546
  • TRIADMLS_DeedBook: 3429
  • TRIADMLS_AcresRange: 0 - 0

Green Features

  • TRIADMLS_EnvironmentalHazards: No

Multi Family

  • Number Of Units In Community: 3
  • Number Of Units Total: 3
  • Number Of Units Furnished: None
  • Number Of Units Leased: 3

Tax Info

  • Tax Annual Amount: 1531.89
  • Tax Year: 2023
  • TRIADMLS_TaxRate: 1.31

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2023
Closed on
Apr 12, 2023
Sold by
Wharton Jacob S and Wharton Jan C
Bought by
M3nc Llc
Seller's Agent
Toni Phillips
Leonard Ryden Burr Real Estate
Buyer's Agent
Philip Stewart
Stewart Realty
List Price
$235,000
Sold Price
$265,000
Premium/Discount to List
$30,000
12.77%
Total Days on Market
2
Views
75
Current Estimated Value
$287,509

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,509
Avg. Annual Appreciation
3.88%

Purchase Details

Listed on
Aug 31, 2018
Closed on
Oct 15, 2018
Sold by
Properties Of The Triad Llc
Bought by
Wharton Jacob S and Wharton Jan C
Seller's Agent
Charlie Watkins
Leonard Ryden Burr Real Estate
Buyer's Agent
Toni Phillips
Leonard Ryden Burr Real Estate
List Price
$139,900
Sold Price
$132,450
Premium/Discount to List
-$7,450
-5.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.66%
Original Mortgage
$99,337
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 5, 2007
Sold by
Forsyth Property Management Llc
Bought by
Properties Of The Triad Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,500
Interest Rate
6.07%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 3, 2006
Sold by
Deutsche Bank
Bought by
Forsyth Property Management Llc

Purchase Details

Closed on
Aug 30, 2001
Sold by
Everclear Properties Inc
Bought by
Hartgrove Edgar L and Hartgrove Martha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,000
Interest Rate
7.08%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 27, 2000
Sold by
Pierce Sherman Forrest
Bought by
Everclear Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,000
Interest Rate
7.9%
Mortgage Type
Commercial
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
M3nc Llc $530 None Listed On Document
Wharton Jacob S $132,500 None Available
Properties Of The Triad Llc $95,000 None Available
Forsyth Property Management Llc $74,000 None Available
Hartgrove Edgar L $98,000 --
Everclear Properties Inc $290,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wharton Jacob S $99,337
Previous Owner Properties Of The Triad Llc $84,500
Previous Owner Hartgrove Martha $80,000
Previous Owner Hartgrove Edgar L $78,000
Previous Owner Everclear Properties Inc $234,000
Closed Everclear Properties Inc $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/13/2023 04/13/23 Sold $265,000 +12.8% $247 / Sq Ft
03/09/2023 03/09/23 Pending -- -- --
03/06/2023 03/06/23 For Sale $235,000 +77.4% $219 / Sq Ft
10/15/2018 10/15/18 Sold $132,450 -5.3% $147 / Sq Ft
09/09/2018 09/09/18 Pending -- -- --
08/31/2018 08/31/18 For Sale $139,900 -- $155 / 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
2023 $1,561 $116,600 $26,000 $90,600
2022 $1,532 $116,600 $26,000 $90,600
2021 $1,504 $116,600 $26,000 $90,600
2020 $1,134 $82,100 $15,000 $67,100
2019 $1,142 $82,100 $15,000 $67,100
2018 $783 $59,300 $15,000 $44,300
2016 $675 $51,323 $7,249 $44,074
2015 $665 $51,323 $7,249 $44,074
2014 $645 $51,323 $7,249 $44,074
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2023

    Toni Phillips

    Leonard Ryden Burr Real Estate

    (336) 354-5052

    2 in this area

    124 Total Sales

    Toni Phillips
    Section Image

  • K

    Seller Co-Listing Agent in 2023

    Kristin Ranson

    Leonard Ryden Burr Real Estate

    (336) 817-2560

    2 in this area

    87 Total Sales

    Kristin Ranson
    Section Image
  • Philip Stewart

    Buyer's Agent in 2023

    Philip Stewart

    Stewart Realty

    (336) 749-4154

    1 in this area

    8 Total Sales

    Philip Stewart
    Section Image

  • C

    Seller's Agent in 2018

    Charlie Watkins

    Leonard Ryden Burr Real Estate

    3 in this area

    183 Total Sales

    Charlie Watkins
    Section Image
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Map

Source: Triad MLS

MLS Number: 1098499

Triad MLS

APN: 6835-02-8739

North Carolina Forsyth County Winston-Salem 27101 Wachovia Highlands

713 W Academy St, Winston-Salem, NC

This home is located at 713 W Academy St, Winston Salem, NC 27101 since 06 March 2023 and is currently estimated at $287,509, approximately $267 per square foot. This property was built in 1920. 713 W Academy St is a home located in Forsyth County with nearby schools including Diggs-Latham Elementary School, Flat Rock Middle, and Reynolds High School.

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