$132,450
SOLD OCT 15, 2018
3 Beds
3 Baths
1,200 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$110 Per Sq Ft

5% Below List Price

8 Days on Market

Highlights

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

About This Home

As of April 2023

Rare three apartment home (2 Studios and 1 1BR) in Historic West Salem. Excellent rental history, this 1920 Victorian Cottage benefits from being less than a mile from 3 colleges, 6 restaurants, and all the energy of downtown. Zoned RM5 with rental income of $1500 per month. Extremely low vacancy. Potential to convert to single family as well. Tenant occupied. Showings strictly by appointment only.

Last Agent to Sell the Property

Charlie Watkins

Leonard Ryden Burr Real Estate License #279636 Listed on: 08/31/2018

Last Buyer's Agent

Toni Phillips

Leonard Ryden Burr Real Estate License #252968

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $783

Year Built

  • Built in 1920

Lot Details

  • 5,227 Sq Ft Lot
  • Property is zoned RM5

Parking

  • No Garage

Home Design

  • Wood Siding

Interior Spaces

  • 1,073 Sq Ft Home
  • 900-1,200 Sq Ft Home
  • Property has 1 Level
  • Finished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • West Salem Subdivision

Listing and Financial Details

  • Assessor Parcel Number 6835028739
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$783

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size Acres: 0.12
  • Subdivision Name: West Salem
  • Directions: Broad Street South to right on Academy. House on Right
  • Above Grade Finished Sq Ft: 1073
  • Unit Levels: One
  • Structure Type: House
  • Year Built: 1920
  • TRIADMLS_BuiltInformation: Historic
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater
  • Has Basement: Finished, Unfinished, Full
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 338
  • Living Area: 1073
  • Main Level Bathrooms: 2
  • TRIADMLS_FullBathsMain: 2
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: Yes
  • TRIADMLS_FullBathsLower: 1

Exterior Features

  • Pool Features: None
  • Construction Type: Wood Siding
  • TRIADMLS_PoolYN: No

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 6835028739
  • Zoning: RM5
  • TRIADMLS_PricePerAcre: 1165833.3333
  • TRIADMLS_DeedPage: 2485
  • TRIADMLS_DeedBook: 2728
  • TRIADMLS_AcresRange: 0 - 0

Tax Info

  • Tax Annual Amount: 783.3
  • Tax Year: 2018
  • TRIADMLS_TaxRate: 1.329

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
8
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
3.86%

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

Similar Home in Winston Salem, NC

  • 728 W Banner Ave, Winston Salem, NC 27127

    $139,900

    • 3 Beds
    • 2 Baths
    • 1,509 Sq Ft
    • 728 W Banner Ave
    • Winston Salem, NC

    OFFER DEADLINE SUN 5/25 @ 6PM Great investment opportunity in the highly sought-after Washington Park neighborhood! Not for the faint of heart, this ranch-style home needs a full renovation top to bottom and is being sold *As-Is* and is priced accordingly. Located on a beautiful lot in a wonderful neighborhood with solid resale comps, this 3 bed 2 bath property is perfect for a creative house

    Nicholas Holliday Keller Williams One

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $530 None Listed On Document
Warranty Deed $132,500 None Available
Warranty Deed $95,000 None Available
Special Warranty Deed $74,000 None Available
Warranty Deed $98,000 --
Warranty Deed $290,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $99,337 New Conventional
Previous Owner $84,500 Commercial
Previous Owner $80,000 Commercial
Previous Owner $78,000 Commercial
Previous Owner $234,000 Commercial
Closed $40,000 No Value Available
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

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Triad MLS

MLS Number: 901856

Triad MLS

APN: 6835-02-8739