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$166,900

Beds
2
Baths
2.0
sq ft
1,108

623 Timberline Ridge Lane, Winston Salem, NC 27106

623 Timberline Ridge Lane

Winston-Salem, NC 27106

  • 37 days on market
    • Price drop $6,000↓
Well maintained & move-in ready condo in Deacon Ridge Subdivision. This second level condo features 2BR/2BA,a private balcony, a fireplace & a newly installed Apollo water heater (Jan 2024). It's located close to Winston-Salem amenities, Wake Forest University and the newly planned area called "The Grounds," where they will be creating a $150 million, 100-acre mixed-use development.

Details

Property type

Condominium

Est. home value

$164,158

Lot size

1,307 sq ft

Price per sq ft

$151

Year built

2000

Annual property taxes

$1,341

Monthly HOA fee

$257.73

Price History

10/30/2024
TriadMLS

TriadMLS #1159132

Price change
$166,900
-3.47%
10/16/2024
TriadMLS

TriadMLS #1159132

Listed
$172,900
+31.48%
09/24/2021
TriadMLS

TriadMLS #1040105

Sold
$131,500
+127.51%

Schools & Community

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

$116,325
Asking price
$166,900
Closing costs (~8% of asking)
-$13,352
Est. remaining loan balance
-$37,223
Cash to seller
$116,325

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

Seller’s Loan History

Lender

Cunningham & Co

Loan start date

July 2003

Original loan amount

$80,150

Est. remaining balance

$37,223

Interest rate

5.26%

Loan type

FHA, 30 year

Seller

Donald G Webb and Tia M Webb

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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2422 Greenway Avenue, Winston Salem, NC 27105

Status: Active

Tomo last checked: 11/23/2024 at 7:50 AM

Listing updated: 11/05/2024 at 11:26 AM

Listed by: Vanessa Sands, Berkshire Hathaway HomeServices Yost & Little Realty Phone #: (336) 272-0151

MLS: TriadMLS #1159132

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