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523 Timberline Ridge Lane

523 Timberline Ridge Lane, Winston Salem, NC 27106
Property in Forsyth
Sold Sep 14, 2017
$77,000
$72,750 by Wells Fargo Bank Na
Mortgage Due Oct 01, 2047
Sold May 22, 2007
$92,000
$73,600 by Wachovia Mortgage Corp
Mortgage Due Jun 01, 2037
Local assessors in Winston Salem, NC have categorized 523 Timberline Ridge Lane as a residential type of property. The home was built in 2001 and is 23 years old. The property's lot size has been calculated to be 1,307 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a condo style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 4 rooms in the home. Of these, 2 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 523 Timberline Ridge Lane has a total of 1,152 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Do you like to entertain? The home has a unknown so you'll have a great option in the back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a hip style roof that was made of asphalt. Lots of brick were used in the construction of the exterior walls of the home. As for flooring, was the material of choice during construction. Residents rely on air conditioning for their cooling system. The home's a heat pump is the primary heating source and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Sep 12, 2017 for $77,000. That's $66.84 per sqft. Prior to that sales transaction, the property was also sold in May 22, 2007 for $92,000. 523 Timberline Ridge Lane was last assessed in 2023. The total value of the property was assessed at $96,600. Specifically, the land the property is located on was valued at $15,000. While improvements on the property were assessed at a total of $81,600. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $1,269. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Condo
  • Exterior Walls Type: Brick
  • Roof Shape Type: Hip
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 1,307
  • Lot Size Frontage Feet: 10
  • Total Building Area: 1,152
  • Gross Building Area: 1,152
  • Building Area: 1,152
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Heat pump
  • Heated Square Feet: 1,152
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: DEACON RIDGE CONDOS & TOWNHOUSES
  • Land Acres: 0.03
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: LO523 BL6410

Ownership

  • Current Owner : HALLETT FRED
  • Previous Owner : CHRISTATOS MICHAEL TYLER
  • Owner Before Previous Owner: SMILEY JUSTIN D
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Forsyth County Schools
  • Census Tract: 002704

Zoning

  • Zoning: RM12-S

Geography

  • Assessors Map Reference: PM6827
  • Account Number: 6410 523
  • Parcel: 6827-15-5267.000
  • Block: 6410
  • Lot: 523
  • Municipality: WINSTON-SALEM
  • Latitude: 36.1482
  • Longitude: -80.2817

    Address

  • Full Address: 523 Timberline Ridge Ln
  • Address - House Number: 523
  • Address - Street Name: Timberline Ridge
  • Address - Suffix Type: Ln
  • State: NC
  • City Name: Winston Salem
  • Carrier Code: C036
  • 4-Digit Zip Code: 3089
  • Zip Code: 27106

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,269
  • Tax Rate Code Area: WS

    Appraisal Valuation

  • Standard Deviation: 0.2033
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 72
  • Final Value: 161,453
  • High Value: 194,290
  • Low Value: 128,616

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $72,750
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Sep 14, 2017
  • First Open Lien Mortgage Loan Amount: $72,750
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2047

    Market Valuation

  • Market Total Value: $96,600
  • Market Land Value: $15,000
  • Market Improvement Value: $81,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $96,600
  • Assessed Land Value: $15,000
  • Assessed Improvements Value: $81,600

    Sales

  • Current Sale Contract Date: Sep 12, 2017
  • Current Sale Recording Date: Sep 14, 2017
  • Current Sale Transaction ID: 1733522912
  • Current Sale Price: $77,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2017036652 00088
  • Previous Sale Recording Date: May 22, 2007
  • Previous Sale Contract Date: May 22, 2007
  • Previous Sale Amount: $92,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Sep 14, 2017
  • First Mortgage Loan Amount: $72,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2047

    Previous Mortgages

  • Previous Mortgage Lender: WACHOVIA MORTGAGE CORP
  • Previous Mortgage Transaction Date: May 22, 2007
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $73,600
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Jun 01, 2037

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Nearby Rentals

Unit for rent at

$1,900 /mo

  • 1 Bed
  • 1 Bath
Unit for rent at

$2,095 /mo

  • 3 Beds
  • 2.5 Baths
  • 1,862 ft²
Listing by Manager

Frequently Asked Questions

What neighborhood is 523 Timberline Ridge Lane located in?
The 523 Timberline Ridge Lane is a located in the neighborhood of Forsyth in Winston-Salem, Winston Salem.
What is the average sales price for listings in 523 Timberline Ridge Lane?
The average sales price for units in 523 Timberline Ridge Lane is $0 currently.

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