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$349,000

Beds
3
Baths
1.0
sq ft
1,179

916 Magnolia Street, Winston Salem, NC 27103

916 Magnolia Street

Winston-Salem, NC 27103

  • 2 days on market
    • Price drop $900↓
Poised on a coveted lot between Miller Park & Ardmore Coffee, this light-filled gem is a relaxing retreat with a modern edge in the heart of Ardmore. The open concept living, dining, and kitchen space is ideal for easy entertaining and at-home gatherings. The spacious kitchen features terrazzo quartz countertops, a new faucet, hardware, and a classic coastal-inspired palette. A separate laundry room leads to a deck, perfect for enjoying morning coffee while listening to birds sing. Three bedrooms on the main level are complemented by a refreshed bath with custom lighting and ample storage. The garden-level basement with 8.5-foot ceilings offers additional heated and cooled living space, perfect for a gym, creative pursuits, or playroom. Stroll out to the fully-fenced back yard for play and relaxation, plus a secret garden overlooking flowing water. A rare opportunity to own a turn-key home in an A++ location with potential to expand.

Details

Property type

Single Family Residence

Est. home value

$320,483

Lot size

0.25 acres

Price per sq ft

$297

Year built

1952

Annual property taxes

$2,886

HOA

No

Price History

03/28/2025
TriadMLS

TriadMLS #1175107

Price change
$349,000
-0.26%
03/28/2025
TriadMLS

TriadMLS #1175107

Listed
$349,900
+83.67%
09/28/2017
TriadMLS

TriadMLS #846035

Sold
$190,500
+22.12%

Schools & Community

Neighborhood: 

Ardmore

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

$165,569
Asking price
$349,000
Closing costs (~8% of asking)
-$27,920
Est. remaining loan balance
-$155,511
Cash to seller
$165,569

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

Seller’s Loan History

Lender

Stearns Lending Llc

Loan start date

September 2017

Original loan amount

$183,612

Est. remaining balance

$155,511

Interest rate

3.9%

Loan type

FHA, 30 year

Seller

Andrew Robert Butler

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: 03/31/2025 at 8:45 AM

Listing updated: 03/31/2025 at 3:56 AM

Listed by: Melissa Farrell, Village Realty Phone #: (336) 448-4390

MLS: TriadMLS #1175107

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