540 North Trade Street

540 North Trade Street has been categorized by the local assessors in Winston Salem, NC as a commercial type of property. The building on the property was first built in 2007 and is 17 years old. This is a single story building so stairs are not necessary to access other parts of the home. The area measurement of the land has been determined as 32,670 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with brick control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The building has a flat style roof made of asphalt and ply sheets in a built-up roof style. The exterior walls of the building are made of a combination of material. The inside of the home is being cooled with a chilled water air conditioning system at the moment. In terms of heating, it is utilizing a hot water heating system and being fueled with gas. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 540 North Trade Street was last sold in Sep 17, 2018 for $6,100,000. According to our calculations, that's $472.06 per sqft. Current property owners are expected to pay $32,637 in taxes per year. The property on 540 North Trade Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $2,324,900. To break that down further, the land itself was valued at $71,200. While improvements to the property were assessed at a total of $2,253,700. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.