tomo logo

$300,000

Beds
3
Baths
2.0
sq ft
1,548

825 Polo Road, Winston Salem, NC 27106

825 Polo Road

Winston-Salem, NC 27106

  • <1 day on market
Prime Investment Opportunity in Wake Forest! Discover this incredible investment property in the heart of Wake Forest, offering versatility, charm, and strong income potential. The main home features 3 bedrooms and 2 bathrooms, with beautiful hardwood, vinyl and tile floors throughout, adding both durability and style. The spacious screened porch provides the perfect spot to unwind and enjoy the outdoors year-round. Adding even more value, the detached garage has been converted into a 1.5-story apartment complete with 1 bedroom and 1 bathroom, making it an ideal space for rental income, a guest suite, or a private home office. Located in a sought-after area close to shopping, dining, and major highways, this property offers endless possibilities for investors or homeowners looking for additional rental income. Don’t miss out on this fantastic opportunity—schedule a showing today! Sold As-Is

Details

Property type

Single Family Residence

Est. home value

$255,850

Lot size

0.37 acres

Price per sq ft

$194

Year built

1947

Annual property taxes

$1,892

HOA

No

Price History

03/15/2025
TriadMLS

TriadMLS #1173356

Listed
$300,000
+130.77%
04/20/2018
TriadMLS

TriadMLS #846685

Sold
$130,000

Schools & Community

Neighborhood: 

Brookwood

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

$185,254
Asking price
$300,000
Closing costs (~8% of asking)
-$24,000
Est. remaining loan balance
-$90,746
Cash to seller
$185,254

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

Seller’s Loan History

Lender

First Citizens Bank & Trust Co

Loan start date

April 2018

Original loan amount

$104,000

Est. remaining balance

$90,746

Interest rate

4.43%

Loan type

New Conventional, 30 year

Seller

Sudheer Sreerangapalle and Prathibha Koduru

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: 03/16/2025 at 9:45 AM

Listing updated: 03/15/2025 at 12:36 PM

Listed by: Anita McKnight, Coldwell Banker Advantage Phone #: (336) 725-0506

MLS: TriadMLS #1173356

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