A huge reduction in price on an amazingly unique opportunity for any creatively minded and business savvy downtown property owner! Since 2005, building has been a residence with a personal entertaining area, plus an astounding art studio space spanning the entire second floor at roughly 4,000+/-sf. The first floor offers you 2 income producing retail spaces at roughly 2k sf +/- each - Keona's Dress Shop and Lefkowitz Tailor Shop. This is an incoming producing building plus roughly 4,000sf+/- upstairs of personal live/work space to make your own, or create something totally new and different. This is a one-of-a-kind property that must be seen to be appreciated. Walkable to covered monthly parking in Cherry St deck. This is Trust sale. Trustee is motivated!! All furniture plus some personal property can convey with accepted offer.
Sold for $650,000
$650,000
233 W 5th St, Winston Salem, NC 27101
1beds
8,000sqft
Stick/Site Built, Residential, Condominium
Built in 1962
-- sqft lot
$764,400 Zestimate®
$--/sqft
$1,704 Estimated rent
Home value
$764,400
$619,000 - $940,000
$1,704/mo
Zestimate® history
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$3,896/mo
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Zillow last checked:
Listing updated:
Listed by:
Teresa Drummond 336-624-6200,
Green Property Solutions
Bought with:
Mehdi Kaussari, 158899
MK1 Real Estate Company, LLC
Source: Triad MLS,MLS#: 1144386
Originating MLS: Winston-Salem
Originating MLS: Winston-SalemFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 4
- Full bathrooms: 2
- 1/2 bathrooms: 2
- Main level bathrooms: 4
Primary bedroom
- Level: Second
Kitchen
- Level: Second
Living room
- Level: Second
Office
- Level: Second
Office
- Level: Upper
Heating
- Forced Air, Heat Pump, Electric, Natural Gas
Cooling
- Heat Pump, Multi Units
Appliances
- Included: Electric Water Heater
Features
- Built-in Features, Ceiling Fan(s), Dead Bolt(s)
- Flooring: Carpet, Wood
- Doors: Arched Doorways
- Basement: Unfinished, Basement
- Has fireplace: No
Interior area
- Total structure area: 12,000
- Total interior livable area: 8,000 sqft
- Finished area above ground: 8,000
Property
Parking
- Parking features: Deck
Features
- Levels: Two
- Stories: 2
- Pool features: None
Lot
- Size: 0.1 Acres
- Dimensions: 44 x 100
- Features: Historic District, Near Public Transit
Details
- Parcel number: 6835176518000
- Zoning: CB WO
- Special conditions: Owner Sale
Construction
Type & style
- Home type: Condo
- Property subtype: Stick/Site Built, Residential, Condominium
Materials
- Brick
Condition
- Year built: 1962
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Winston Salem
Financial & listing details
- Tax assessed value: $490,600
- Annual tax amount: $7,009
- Date on market: 5/29/2024
- Cumulative days on market: 63 days
- Listing agreement: Exclusive Right To Sell
Price history
| Date | Event | Price |
|---|---|---|
| 9/30/2024 | Sold | $650,000-18.2% |
Source:  Triad MLS #1144386 Report a problem | ||
| 8/3/2024 | Pending sale | $795,000 |
Source: Triad MLS #1144386 Report a problem | ||
| 7/22/2024 | Price change | $795,000-9.6% |
Source: Triad MLS #1144386 Report a problem | ||
| 5/31/2024 | Listed for sale | $879,900+198.3% |
Source: Triad MLS #1144386 Report a problem | ||
| 7/7/2005 | Sold | $295,000$37/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,234 -14.9% | $522,900 +6.6% |
| 2024 | $7,324 +4.5% | $490,600 |
| 2023 | $7,010 +1.8% | $490,600 |
| 2022 | $6,887 +1.7% | $490,600 |
| 2021 | $6,771 -3.3% | $490,600 +3% |
| 2020 | $7,003 -0.7% | $476,100 |
| 2019 | $7,051 | $476,100 |
| 2018 | -- | $476,100 +34.3% |
| 2016 | -- | $354,601 +18.2% |
| 2015 | $4,159 | $300,054 |
Find assessor info on the county website
Neighborhood: Downtown
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Nearby schools
GreatSchools rating
- 7/10Brunson ElementaryGrades: PK-5Distance: 1.1 mi
- 2/10Wiley MiddleGrades: 6-8Distance: 1.1 mi
- 4/10Reynolds HighGrades: 9-12Distance: 1.1 mi
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Estimated market value
$764,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$764,400
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