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525 Mentor Street

525 Mentor Street, Winston Salem, NC 27105
Sold Nov 12, 2021
$68,000
$65,960 by Lower Llc
Mortgage Due Dec 01, 2051
Sold Oct 11, 2021
$28,000
Local assessors in Winston Salem, NC have categorized 525 Mentor Street as a residential type of property. The home was built in 1938 and is 86 years old. The property's lot size has been calculated to be 17,860 square feet. The linear feet between the front and back of the lot was measured at 1,200 ft and the front of the lot was measured at 1,500 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a conventional style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 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 is one full bathroom. There is also a partial bathroom. 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 525 Mentor Street has a total of 1,190 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. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 288 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and 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 gable style roof that was made of asphalt. Lots of alum/vinyl siding 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 central air conditioning for their cooling system. The home's a forced air unit 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. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 525 Mentor Street sold most recently in Nov 10, 2021 for a total of $68,000. If you work out the math, that's approximately a cost of $28.57 per sqft. Before that, the property was also sold for $28,000 in Oct 8, 2021. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $734 in taxes each year. 525 Mentor Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $55,900. If we break it down further, the land itself was valued at $10,100. Improvements to the property, however, were assessed at a total of $45,800. The property's total market value has been marked the same as the total assessed value which is pretty typical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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.

Building Features

Exterior

Aluminum Siding

Parking

Carport
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1938
  • Effective Year Built: 1938
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • 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
  • Living Units: 1
  • Floor Cover: Wood
  • Basement Type: Unfinished basement
  • Basement Area: 1,190
  • Garage Type: Garage
  • Garage Square Area: 288
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 17,860
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 1,500
  • Total Building Area: 2,380
  • Gross Building Area: 2,380
  • Building Area: 1,190
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,190
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: MONTVIEW (SOUTH)
  • Land Acres: 0.41
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO044 BL1512

Ownership

  • Current Owner : BLANCO SVETLANA
  • Previous Owner : GRAND ADVENTURES LLC
  • Owner Before Previous Owner: THOMPSON STEVEN R
  • Owner Before Previous Owner 2: DUMONT JACKA JANIEL
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Forsyth County Schools
  • Census Tract: 001500

Zoning

  • Zoning: RS7

Geography

  • Assessors Map Reference: PM6837
  • Parcel: 6837-42-4380.000
  • Block: 1512
  • Lot: 44
  • Municipality: WINSTON-SALEM
  • Latitude: 36.1404
  • Longitude: -80.2377

    Address

  • Full Address: 525 Mentor St
  • Address - House Number: 525
  • Address - Street Name: Mentor
  • Address - Suffix Type: St
  • State: NC
  • City Name: Winston Salem
  • Carrier Code: C001
  • 4-Digit Zip Code: 3737
  • Zip Code: 27105

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $734

    Appraisal Valuation

  • Standard Deviation: 0.2607
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 62
  • Final Value: 107,928
  • High Value: 136,070
  • Low Value: 79,786

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $65,960
  • First Open Lien Mortgage Lender: LOWER LLC
  • First Open Lien Mortgage Recording Date: Nov 12, 2021
  • First Open Lien Mortgage Loan Amount: $65,960
  • 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: Dec 01, 2051

    Market Valuation

  • Market Total Value: $55,900
  • Market Land Value: $10,100
  • Market Improvement Value: $45,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $55,900
  • Assessed Land Value: $10,100
  • Assessed Improvements Value: $45,800

    Sales

  • Current Sale Contract Date: Nov 10, 2021
  • Current Sale Recording Date: Nov 12, 2021
  • Current Sale Transaction ID: 11865718693
  • Current Sale Price: $68,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021062197
  • Previous Sale Recording Date: Oct 11, 2021
  • Previous Sale Contract Date: Oct 08, 2021
  • Previous Sale Amount: $28,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: LOWER LLC
  • First Mortgage Transaction Date: Nov 12, 2021
  • First Mortgage Loan Amount: $65,960
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2051

About Ogburn Station



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Frequently Asked Questions

What neighborhood is 525 Mentor Street located in?
The 525 Mentor Street is a house located in the neighborhood of Ogburn Station in Ogburn Station, Winston Salem.
What is the average sales price for listings in 525 Mentor Street?
The average sales price for units in 525 Mentor Street is $0 currently.

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