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5240 Mt Hope Drive

5240 Mt Hope Drive, Winston Salem, NC 27107
Property in Forsyth
Sold Oct 02, 2023
Transfer
$181,522 by Wells Fargo Bank Na
Mortgage Due Oct 01, 2053
Sold Apr 16, 2007
$119,000
$121,350 by Trademark Mortgage Llc
Mortgage Due May 01, 2037
5240 Mt Hope Drive in Winston Salem, NC was first built in 2006 and is 18 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a conventional style. It is a single story home. There are a total of 6 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 5240 Mt Hope Drive has 1,186 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 650 ft and the linear feet between the front and back of the lot is 1,400. In total, the area measurement of the land is 9,148 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. The home has a gable style roof made of asphalt. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. For those who need parking, there is a garage. The garage is 240 sqft. There is one available parking space. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of alum/vinyl siding. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a forced air unit and being fueled with gas. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. Before that, the property was also sold for $119,000 in Apr 2, 2007. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $1,069 in taxes each year. 5240 Mt Hope Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $132,900. If we break it down further, the land itself was valued at $30,000. Improvements to the property, however, were assessed at a total of $102,900. The property's total market value has been marked the same as the total assessed value which is pretty typical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Conventional
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Floor Cover: Wood
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 240
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 9,148
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 650
  • Total Building Area: 1,186
  • Gross Building Area: 1,186
  • Building Area: 1,186
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,186
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: TOWNHOUSES AT MOUNT HOPE
  • Land Acres: 0.21
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO007 BL2712B

Ownership

  • Current Owner : EDWARDS CHRISTOFER DENARD
  • Previous Owner : EDWARDS CHRISTOFER DENARD
  • Previous Owner 2: EDWARDS TWAYKEYA
  • Owner Before Previous Owner: SHUGART ENTERPRISES LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Forsyth County Schools
  • School Tax School District: GUMTREE
  • Census Tract: 003600

Zoning

  • Zoning: RS9

Geography

  • Assessors Map Reference: PM6832
  • Parcel: 6832-61-4809.000
  • Block: 2712B
  • Lot: 7
  • Municipality: BROADBAY
  • Latitude: 36.0021
  • Longitude: -80.2292

    Address

  • Full Address: 5240 Mount Hope Dr
  • Address - House Number: 5240
  • Address - Street Name: Mount Hope
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Winston Salem
  • Carrier Code: R011
  • 4-Digit Zip Code: 8204
  • Zip Code: 27107

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,069

    Appraisal Valuation

  • Standard Deviation: 0.2332
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 67
  • Final Value: 217,847
  • High Value: 268,671
  • Low Value: 167,024

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $181,522
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Oct 02, 2023
  • First Open Lien Mortgage Loan Amount: $181,522
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2053

    Market Valuation

  • Market Total Value: $132,900
  • Market Land Value: $30,000
  • Market Improvement Value: $102,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $132,900
  • Assessed Land Value: $30,000
  • Assessed Improvements Value: $102,900

    Sales

  • Current Sale Contract Date: Aug 15, 2023
  • Current Sale Recording Date: Oct 02, 2023
  • Current Sale Transaction ID: 11913877923
  • Current Sale Document Type: Quit Claim Deed
  • Current Sale Input Document Number: 33711
  • Previous Sale Recording Date: Apr 16, 2007
  • Previous Sale Contract Date: Apr 02, 2007
  • Previous Sale Amount: $119,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Oct 02, 2023
  • First Mortgage Loan Amount: $181,522
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Oct 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: TRADEMARK MORTGAGE LLC
  • Previous Mortgage Transaction Date: Apr 16, 2007
  • Previous Mortgage Loan Amount: $121,350
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA
  • Previous Mortgage Loan Due Date: May 01, 2037

About Winston-Salem



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Frequently Asked Questions

What neighborhood is 5240 Mt Hope Drive located in?
The 5240 Mt Hope Drive is a located in the neighborhood of Forsyth in Winston-Salem, Winston Salem.
What is the average sales price for listings in 5240 Mt Hope Drive?
The average sales price for units in 5240 Mt Hope Drive is $0 currently.

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