Nestled in the heart of the sought-after Ardmore district, this 3-bedroom, 2-bathroom home offers incredible potential for the right buyer. While the property does require some updates and work, it boasts strong bones and timeless charm that will shine with the right touches.
Upon entering, you'll appreciate the classic architectural details that are characteristic of the Ardmore neighborhood. Boasting charming original features waiting to be restored. With a little vision and effort, this home could be transformed into your dream space.
The Ardmore district is known for its tree-lined streets, vibrant community, and convenient proximity to local shops, restaurants, and parks. Whether you're looking to renovate and make this home your own or invest in a property with strong long-term value, 803 Madison Ave presents an exciting opportunity.
This home offers endless possibilities. Don’t miss out schedule a showing today and see the potential for yourself!
Directions: Take exit 234B toward Winston-Salem.
Merge onto Salem Parkway: Continue on Salem Parkway for approximately 1 mile.
Turn left onto Peters Creek Parkway. Turn right onto Madison Avenue: Turn right onto Madison Avenue.
Above Grade Finished Sq Ft: 1217
Unit Levels: Two
Structure Type: House
Year Built: 1928
TRIADMLS_PrimaryOnMainYN: Yes
TRIADMLS_BuiltInformation: Existing
Special Features: None
Interior Features
Appliances: Electric Water Heater
Has Basement: Unfinished, Basement
Basement YN: Yes
Full Bathrooms: 2
Total Bedrooms: 3
Fireplace Features: Living Room
Fireplaces: 1
Living Area: 1217
Main Level Bathrooms: 1
TRIADMLS_FullBathsMain: 1
TRIADMLS_FixtureExceptionYN: No
Basement YN: Yes
TRIADMLS_FullBathsUpper: 1
Exterior Features
Pool Features: None
Construction Type: Brick
TRIADMLS_PoolYN: No
Garage/Parking
Garage Spaces: 1
Parking Features: Garage, Basement
Garage Description: Basement Garage
Utilities
Sewer: Public Sewer
Cooling: Central Air
Heating: Forced Air, Electric, Natural Gas
Water Source: Public
TRIADMLS_HeatingFuel: Electric, Natural Gas
Water Heater: Electric
Condo/Co-op/Association
Association: No
Lot Info
Parcel #: 6825514189
Zoning: RS9
TRIADMLS_PricePerAcre: 1386666.6667
TRIADMLS_DeedPage: 4339
TRIADMLS_DeedBook: 3579
Tax Info
Tax Annual Amount: 2375
Tax Year: 2024
TRIADMLS_TaxRate: 1.4
Ownership History
DateNameOwned ForOwner Type
Mar 2025 - PresentAlspaugh Properties Llc4 Months
Company
Purchase Details
Listed on
Mar 14, 2025
Closed on
Mar 21, 2025
Sold by
Alspaugh Mark A and Grose Marsha
Bought by
Alspaugh Properties Llc
Seller's Agent
Christian Courtney
The Baldwin Companies
Buyer's Agent
Garrett Andersson
The Andersson Group
List Price
$270,000
Sold Price
$208,000
Premium/Discount to List
-$62,000
-22.96%
Views
70
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
46.37%
Original Mortgage
$225,000
Outstanding Balance
$135,758
Interest Rate
6.76%
Mortgage Type
Construction
Estimated Equity
$91,289
Jan 2021 - Mar 2025Alspaugh Mark A4 Years and 2 Months
Private Individual
Purchase Details
Closed on
Jan 13, 2021
Sold by
Alspaugh Properties Llc
Bought by
Alspaugh Mark A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,750
Interest Rate
2.65%
Mortgage Type
New Conventional
Dec 2008 - Jan 2021Alspaugh Properties Llc12 Years and 1 Month
Company
Purchase Details
Closed on
Dec 17, 2008
Sold by
Lsb Properties Inc
Bought by
Alspaugh Properties Llc
Oct 2008 - Dec 2008Lsb Properties Inc2 Months
Company
Purchase Details
Closed on
Oct 10, 2008
Sold by
Vanzant Properties Llc
Bought by
Lsb Properties Inc
Nov 2006 - Oct 2008Vanzant Properties Llc1 Year and 11 Months
Company
Purchase Details
Closed on
Nov 7, 2006
Sold by
Norman Roger G
Bought by
Vanzant Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage
Nov 2003 - Nov 2006Norman Roger G3 Years
Private Individual
Purchase Details
Closed on
Nov 23, 2003
Sold by
Norman Roger and Norman Sarah S
Bought by
Norman Roger G
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
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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
Type
Sale Price
Title Company
Warranty Deed
--
None Listed On Document
Warranty Deed
$208,500
None Listed On Document
Quit Claim Deed
--
None Available
Special Warranty Deed
$75,000
None Available
Trustee Deed
$100,000
None Available
Warranty Deed
$100,000
None Available
Interfamily Deed Transfer
--
None Available
Source: Public Records
Mortgage History
Date
Status
Loan Amount
Loan Type
Open
$225,000
Construction
Previous Owner
$153,750
New Conventional
Previous Owner
$155,200
Stand Alone Refi Refinance Of Original Loan
Previous Owner
$200,000
Stand Alone Refi Refinance Of Original Loan
Previous Owner
$125,000
Purchase Money Mortgage
Previous Owner
$80,000
Credit Line Revolving
Source: Public Records
Property History
Date
Event
Price
Change
Sq Ft Price
07/14/202507/14/25
Price Changed
$395,000
-1.0%
$296 / Sq Ft
06/23/202506/23/25
Price Changed
$399,000
-2.7%
$299 / Sq Ft
06/18/202506/18/25
For Sale
$410,000
+97.1%
$307 / Sq Ft
04/15/202504/15/25
Sold
$208,000
-23.0%
$171 / Sq Ft
03/19/202503/19/25
Pending
--
--
--
03/14/202503/14/25
For Sale
$270,000
--
$222 / Sq Ft
Source: Triad MLS
Tax History Compared to Growth
Source: Public Records
Tax History
Year
Tax Paid
Tax AssessmentTax 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.
This home is located at 803 Madison Ave, Winston Salem, NC 27103 and is currently priced at $208,000, approximately $170 per square foot. This property was built in 1928. 803 Madison Ave 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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Copyright 2025 Triad MLS, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This site will be monitored for ‘scraping’ and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. All Sale data is for informational purposes only and is not an indication of a market analysis or appraisal. Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.’s, Internet Data Exchange Database.