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$595,000

Beds
1
Baths
2.0
sq ft
1,878

401 East Fourth Street Unit 504, Winston Salem, NC 27101

401 East Fourth Street Unit 504

Winston-Salem, NC 27101

  • 21 days on market
This unique offering is ready for you to move in and start living. Located in the heart of Innovation Quarter in Downtown Winston-Salem steps away from Bailey Park, restaurants and entertainment. The Piedmont Leaf Lofts offer luxury living with historical significance. This stunning 2-story condo oozes charm with original hardwood flooring, high ceilings and an abundance of natural light beaming through oversized windows. The large primary bedroom contains a custom designed walk-in closet and oversized shower. Upper level open concept provides great space for entertaining or could be converted into a 2nd bedroom. Amenities include garage parking, gym, sauna, rooftop deck, personal storage area, community gas grill and covered patio with direct access to Long Branch Trail.

Details

Property type

Condominium

Est. home value

$618,879

Lot size

871 sq ft

Price per sq ft

$317

Year built

1921

Annual property taxes

$3,485.96

Monthly HOA fee

$550

Price History

10/24/2024
TriadMLS

TriadMLS #1161044

Listed
$595,000
+65.32%
06/27/2019
TriadMLS

TriadMLS #909961

Sold
$359,900

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$321,088
Asking price
$595,000
Closing costs (~8% of asking)
-$47,600
Est. remaining loan balance
-$226,312
Cash to seller
$321,088

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

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

November 2019

Original loan amount

$315,000

Est. remaining balance

$226,312

Interest rate

3.21%

Loan type

New Conventional, 15 year

Seller

Catherine Rauck and Richard L Rauck

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?

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126 South Spruce Street, Winston Salem, NC 27101

Status: Active

Tomo last checked: 11/14/2024 at 8:25 PM

Listing updated: 10/25/2024 at 4:08 PM

Listed by: Michael Hosey, Berkshire Hathaway HomeServices Carolinas Realty Phone #: (336) 768-3300

MLS: TriadMLS #1161044

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