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$180,000

Beds
2
Baths
2.0
sq ft
1,101

172 Cedar Lake Trail, Winston Salem, NC 27104

172 Cedar Lake Trail

Winston-Salem, NC 27104

  • 12 days on market
Don't miss out on this updated, move-in ready 2-bedroom, 2-bathroom condo located on the second floor of Cedar Lake! Enjoy the benefits of new LVP flooring, fresh paint, new LED lighting, crown molding, upgraded outlets, and adjustable switches throughout. This home is bathed in natural light and offers plenty of space for entertaining, with a cozy fireplace as the centerpiece. Relax on the 15x5 covered deck, which overlooks the serene, wooded community. The galley-style kitchen boasts ample counter space and storage. All appliances, along with the mounted TV, will remain. Be sure to explore the community's pool and tennis courts before you leave! This one is a must-see! Tax amount based on 2025 tax value & 2024 tax rate. 2025 tax rate will be set mid-summer.

Details

Property type

Condominium

Est. home value

$157,703

Lot size

Unknown

Price per sq ft

$164

Year built

1979

Annual property taxes

$2,267

Monthly HOA fee

$225

Price History

03/21/2025
TriadMLS

TriadMLS #1174427

Listed
$180,000
+122.22%
04/21/2020
TriadMLS

TriadMLS #969809

Sold
$81,000
+15.71%
10/16/2018
TriadMLS

TriadMLS #901031

Sold
$70,000

Schools & Community

Elementary school: 

Call School Board

Middle school: 

Call School Board

High school: 

Call School Board

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$109,068
Asking price
$180,000
Closing costs (~8% of asking)
-$14,400
Est. remaining loan balance
-$56,532
Cash to seller
$109,068

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Prosperity Home Mortgage Llc

Loan start date

April 2020

Original loan amount

$78,570

Est. remaining balance

$56,532

Interest rate

2.95%

Loan type

New Conventional, 15 year

Seller

Colby Townsend Solomon

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 04/03/2025 at 3:35 PM

Listing updated: 03/30/2025 at 4:16 PM

Listed by: James Hewlett, Leonard Ryden Burr Real Estate Phone #: (336) 779-9200

MLS: TriadMLS #1174427

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