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$393,000

Beds
3
Baths
2.0
sq ft
2,339

925 West Walnut Street, Winston Salem, NC 27101

925 West Walnut Street

Winston Salem, NC 27101

  • 57 days on market
    • Price drop $22,000↓
This property is currently being operated as a duplex and has been priced to be a turn-key and cash flowing investment property. The top unit is 2 bed/1bath and is currently a long term rental generating $1700/month. The bottom unit has a private entrance at the rear of the home and is operating as a mid-term rental with 1 bed/1 bath with average monthly rent at $2200/month when actively rented. Showings of the top unit will only be allowed after terms are agreed upon to minimize disturbing the tenants. The bottom unit is available for showings. The driveway to the bottom unit is off of Washington St behind the property. Please do not disturb the tenants in the top unit. All furnishings in the bottom unit can be negotiated as part of the sale. Owner is a licensed NC real estate agent. Bottom unit showings will require a 24 hr notice.

Details

Property type

Single Family Residence

Est. home value

$315,971

Lot size

0.34 acres

Price per sq ft

$169

Year built

1955

Annual property taxes

$1,653

Price History

06/17/2024
TriadMLS

TriadMLS #1141785

Price change
$393,000
-5.3%
05/08/2024
TriadMLS

TriadMLS #1141785

Listed
$415,000
+55.14%
07/27/2021
TriadMLS

TriadMLS #1027540

Sold
$267,500
+435%

Schools & Community

Neighborhood: 

West Salem

Elementary school: 

Diggs-Latham

Middle school: 

Flat Rock

High school: 

Parkland

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

$123,465
Asking price
$393,000
Closing costs (~8% of asking)
-$31,440
Est. remaining loan balance
-$238,095
Cash to seller
$123,465

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

Seller’s Loan History

Lender

Guaranteed Rate Inc

Loan start date

July 2021

Original loan amount

$254,125

Est. remaining balance

$238,095

Interest rate

2.96%

Loan type

New Conventional, 30 year

Seller

Michelle Kline and Michael Prillaman

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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Status: Active

Tomo last checked: 07/04/2024 at 11:50 PM

Listing updated: 06/21/2024 at 8:43 PM

Listed by: Tehane Gallimore, Wayfinder Homes LLC Phone #: (336) 510-0909

MLS: TriadMLS #1141785

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