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5574 Walnut Park Lane

5574 Walnut Park Lane, Winston Salem, NC 27106
Property in Forsyth
Sold Oct 27, 2011
$380,000
$342,000 by Homeservices Lending Llc
Mortgage Due Nov 01, 2026
Sold Mar 18, 2011
$75,500
$278,200 by Southern Community Bank & Trus
Mortgage
5574 Walnut Park Lane in Winston Salem, NC was first built in 2011 and is 13 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. There are a total of 2 floors. There are a total of 8 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 4 partial bathrooms. 5574 Walnut Park Lane has 2,616 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. In total, the area measurement of the land is 9,583 square feet.

Learn more about the property and building on this page. There is a unknown. The home has a gable style roof made of asbestos. 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 506 sqft. There are a total of 2 available parking spaces. 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 masonry control joints. The quality of the control joints have been graded by the local assessor with a letter grade of B. The condition of the building has been evaluated as average. The exterior walls of the home are made of brick veneer. 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. According to our sources, 5574 Walnut Park Lane sold most recently in Oct 14, 2011 for a total of $380,000. If you work out the math, that's approximately a cost of $145.26 per sqft. Before that, the property was also sold for $75,500 in Mar 16, 2011. 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 $5,923 in taxes each year. 5574 Walnut Park Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $450,800. If we break it down further, the land itself was valued at $83,300. Improvements to the property, however, were assessed at a total of $367,500. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2011
  • Effective Year Built: 2011
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Masonry
  • Building Style: Conventional
  • Exterior Walls Type: Brick veneer
  • Roof Shape Type: Gable
  • Roof Cover Type: Asbestos
  • Floor Count: 2
  • Floor Cover: Tile
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 506
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 9,583
  • Total Building Area: 2,616
  • Gross Building Area: 2,616
  • Building Area: 2,616
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,616
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: BROOKBERRY FARM
  • Land Acres: 0.22
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO151 BL6576

Ownership

  • Current Owner : MARSHALL JAMES PATRICK
  • Current Owner 2: MARSHALL LISA MARIE
  • Previous Owner : ISENHOUR HOMES LLC
  • Owner Before Previous Owner: K TODD ISENHOUR LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Forsyth County Schools
  • Census Tract: 004010

Zoning

  • Zoning: MU-S

Geography

  • Assessors Map Reference: PM5895
  • Parcel: 5895-49-7475.000
  • Block: 6576
  • Lot: 151
  • Municipality: WINSTON-SALEM
  • Latitude: 36.1037
  • Longitude: -80.3717

    Address

  • Full Address: 5574 Walnut Park Ln
  • Address - House Number: 5574
  • Address - Street Name: Walnut Park
  • Address - Suffix Type: Ln
  • State: NC
  • City Name: Winston Salem
  • Carrier Code: R008
  • 4-Digit Zip Code: 6270
  • Zip Code: 27106

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,923

    Appraisal Valuation

  • Standard Deviation: 0.2332
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 67
  • Final Value: 582,841
  • High Value: 718,817
  • Low Value: 446,864

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $342,000
  • First Open Lien Mortgage Lender: HOMESERVICES LENDING LLC
  • First Open Lien Mortgage Recording Date: Oct 27, 2011
  • First Open Lien Mortgage Loan Amount: $342,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2026

    Market Valuation

  • Market Total Value: $450,800
  • Market Land Value: $83,300
  • Market Improvement Value: $367,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $450,800
  • Assessed Land Value: $83,300
  • Assessed Improvements Value: $367,500

    Sales

  • Current Sale Contract Date: Oct 14, 2011
  • Current Sale Recording Date: Oct 27, 2011
  • Current Sale Transaction ID: 1196992535
  • Current Sale Price: $380,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Mar 18, 2011
  • Previous Sale Contract Date: Mar 16, 2011
  • Previous Sale Amount: $75,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: HOMESERVICES LENDING LLC
  • First Mortgage Transaction Date: Oct 27, 2011
  • First Mortgage Loan Amount: $342,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2026

    Previous Mortgages

  • Previous Mortgage Lender: SOUTHERN COMMUNITY BANK & TRUS
  • Previous Mortgage Transaction Date: Mar 18, 2011
  • Previous Mortgage Loan Amount: $278,200
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Building or Construction Loan

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Frequently Asked Questions

What neighborhood is 5574 Walnut Park Lane located in?
The 5574 Walnut Park Lane is a located in the neighborhood of Forsyth in Winston-Salem, Winston Salem.
What is the average sales price for listings in 5574 Walnut Park Lane?
The average sales price for units in 5574 Walnut Park Lane is $0 currently.

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