504 West Sprague Street

Winston-Salem, NC 27127

$465,000
Price
5
Beds
3
Baths
—Sq. Ft.
$205 / Sq. Ft.
—
Sq. Ft.
$205
per Sq. Ft.

Description

SELLER FINANCE opportunity on a cash flowing rental! Currently split into two operational Airbnb units, this home offers flexibility for investors and homeowners alike. The main floor features a 3-bed, 2-bath unit with an open living area, modern kitchen, and comfortable bedrooms. Downstairs, the 2-bed, 1-bath basement unit has its own private entrance, ideal for extra income or guest accommodations. Combined, the units have grossed over $58K in the last 12 months using Airbnb, showcasing its strong...SELLER FINANCE opportunity on a cash flowing rental! Currently split into two operational Airbnb units, this home offers flexibility for investors and homeowners alike. The main floor features a 3-bed, 2-bath unit with an open living area, modern kitchen, and comfortable bedrooms. Downstairs, the 2-bed, 1-bath basement unit has its own private entrance, ideal for extra income or guest accommodations. Combined, the units have grossed over $58K in the last 12 months using Airbnb, showcasing its strong income potential. The home also includes a shed/storage area that could be converted into a third studio unit, further maximizing rental income. It can also be rented on a mid-term basis through platforms like Furnished Finder, appealing to extended-stay renters or professionals. With minimal effort, the home could also be reconnected to serve as a 5-bed, 3-bath single-family home if need be. More details at www.theanderssongroup.com
  1. Listed by Garrett Andersson • The Andersson Group

Property Details for 504 West Sprague Street

Flood Zone
Not in Flood Zone
Zoning
RS7
LISTING UPDATED: 11/24/2024 09:52 PM

Property Details for 504 West Sprague Street

StatusBack On Market
MLS #1158650
Days on Market8
Taxes$2,898 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Stick/Site Built
Year Built1920
Lot Size0.25 AC / 10,890 SF
CountyForsyth County

Building Information for 504 West Sprague Street

Stories-Year Built1920Building Size-Lot Size0.25 AC / 10,890 SF

Property Information for 504 West Sprague Street

Summary
Location and General Information
  • County Or Parish: Forsyth
  • City: Winston-Salem
  • Directions: Take I-40 East to the Peters Creek exit. Turn left onto Peters Creek, then right onto Silas Creek. Turn left onto Buchanan, then right onto Salisbury Ridge. Turn right onto Freeman, then right onto Sprague. The home will be on the left.
  • Latitude: 36.069724
  • Longitude: -80.247248
  • Postal Code: 27127
  • Postal Code Plus 4: 2834
  • Subdivision Name: Washington Park
  • City Limits: Yes
Taxes and HOA Information
  • List AOR: Winston-Salem
  • Tax Rate: 1.40%
  • Tax Annual Amount: $2,898.18
  • Tax Assessed Value: $206,600.00
  • Tax Block: 0967
  • Tax Lot: 056
  • Tax Year: 2022
  • Parcel Number: 6834163586
  • Association: No
Parking
  • Garage Spaces: 1.0
  • Parking Features: Carport, Driveway, Detached Carport
  • Garage Description: Detached Carport
Property
Lot Information
  • Lot Features: City Lot
  • Lot Size Acres: 0.25
  • Lot Size Dimensions: 148' x 63' x 145' x 85'
  • Above Grade Finished Area: 1673.0
  • Below Grade Finished Area: 591.0
  • Building Area Total: 2264.0
  • Room Basement Area: 591.0
  • Other Structures: Storage
  • Built Information: Existing
  • Heated Finished Sqft F Main: 1673.0
  • Water Source: Public
  • Year Built: 1920
Property and Assessments
  • Photos Count: 44
  • Property Type: Residential
  • Deed Book: 3749
  • Deed Page: 4084
  • Documents Count: 7
  • Fixture Exception: No
Utilities
  • Heating Fuel: Natural Gas
  • Sewer: Public Sewer
  • Security Features: Security System, Smoke Detector(s)
  • Water Heater: Gas
Interior and Exterior Features
Exterior Features
  • Pool Features: None
  • Construction Materials: Vinyl Siding
  • Levels: One
  • Laundry Features: 2nd Dryer Connection, 2nd Washer Connection, Dryer Connection, In Basement, Main Level
  • Porch: Yes
  • Pool: No
Interior Features
  • Appliances: Microwave, Cooktop, Dishwasher, Slide-In Oven/Range, Gas Water Heater
  • Basement: Finished, Basement
  • Bathrooms Full: 3
  • Bathrooms Half: 0
  • Bathrooms Total Decimal: 3.0
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 5
  • Cooling: Central Air
  • Fireplaces Total: 0
  • Flooring: Tile, Vinyl
  • Heating: Forced Air, Natural Gas
  • Interior Features: Ceiling Fan(s), Dead Bolt(s), In-Law Floorplan, Pantry, Solid Surface Counter
  • Full Baths Lower: 1
  • Full Baths Main: 2
  • Main Level Bathrooms: 2
  • Full Baths Upper: 0
  • Half Baths Lower: 0
  • Half Baths Main: 0
  • Half Baths Upper: 0
  • Rooms Total: 10.0
  • Primary On Main YN: Yes
  • Second LQ YN: No
Room Information
Room 1 Information
  • Room Type: Bedroom 2
  • Room Level: Main
  • Room Length: 12.25
  • Room Width: 12.416666
  • Room Length Width Units: Feet
  • Room Area: 152.104166
  • Room Area Units: Square Feet
  • Room Dimensions: 12ft 5in x 12ft 3in
Room 2 Information
  • Room Type: Breakfast
  • Room Level: Main
  • Room Length: 12.5
  • Room Width: 15.333333
  • Room Length Width Units: Feet
  • Room Area: 191.666666
  • Room Area Units: Square Feet
  • Room Dimensions: 15ft 4in x 12ft 6in
Room 3 Information
  • Room Type: Living Room
  • Room Level: Main
  • Room Length: 15.166666
  • Room Width: 13.916666
  • Room Length Width Units: Feet
  • Room Area: 211.069444
  • Room Area Units: Square Feet
  • Room Dimensions: 13ft 11in x 15ft 2in
Room 4 Information
  • Room Type: Kitchen
  • Room Level: Main
  • Room Length: 9.583333
  • Room Width: 12.166666
  • Room Length Width Units: Feet
  • Room Area: 116.597222
  • Room Area Units: Square Feet
  • Room Dimensions: 12ft 2in x 9ft 7in
Room 5 Information
  • Room Type: Bedroom 3
  • Room Level: Main
  • Room Length: 12.333333
  • Room Width: 10.916666
  • Room Length Width Units: Feet
  • Room Area: 134.638888
  • Room Area Units: Square Feet
  • Room Dimensions: 10ft 11in x 12ft 4in
Room 6 Information
  • Room Type: Primary Bedroom
  • Room Level: Main
  • Room Length: 17.166666
  • Room Width: 15.416666
  • Room Length Width Units: Feet
  • Room Area: 264.652777
  • Room Area Units: Square Feet
  • Room Dimensions: 15ft 5in x 17ft 2in
Room 7 Information
  • Room Type: Dining Room
  • Room Level: Main
  • Room Length: 12.666666
  • Room Width: 10.5
  • Room Length Width Units: Feet
  • Room Area: 133.0
  • Room Area Units: Square Feet
  • Room Dimensions: 10ft 6in x 12ft 8in
Room 8 Information
  • Room Type: Kitchen
  • Room Level: Basement
  • Room Length: 13.75
  • Room Width: 18.5
  • Room Length Width Units: Feet
  • Room Area: 254.375
  • Room Area Units: Square Feet
  • Room Dimensions: 18ft 6in x 13ft 9in
Room 9 Information
  • Room Type: Bedroom 5
  • Room Level: Basement
  • Room Length: 9.583333
  • Room Width: 12.666666
  • Room Length Width Units: Feet
  • Room Area: 121.388888
  • Room Area Units: Square Feet
  • Room Dimensions: 12ft 8in x 9ft 7in
Room 10 Information
  • Room Type: Bedroom 4
  • Room Level: Basement
  • Room Length: 9.083333
  • Room Width: 15.083333
  • Room Length Width Units: Feet
  • Room Area: 137.006944
  • Room Area Units: Square Feet
  • Room Dimensions: 15ft 1in x 9ft 1in
Rental
Rental Information
  • Listing Agreement: Exclusive Right To Sell

Property History for 504 West Sprague Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 504 West Sprague Street

Taxable ValueLand$19,800Additions$186,800Total$206,600
Tax Record2024$2,898 ($242 / month)
Home Facts
Beds5Baths3Total Finished SqFt2,339 SqFtAbove Grade Finished SqFt1,748 SqFtFinished Basement SqFt591 SqFtStories1Lot Size10,890 SqFtStyleSingle Family ResidenceYear Built1920Year Renovated1991ZoningRS7CountyFORSYTHAPN6834-16-3586.00Fireplace TypeHas Fireplace

Schools near 504 West Sprague Street

This home is within Winston Salem & Forsyth County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Latham Elementary
PublicPK to 5

Philo Middle
Public6 to 8

Parkland High
Public9 to 12

Main Street Academy
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

504 West Sprague Street is a single family home for sale in Winston-Salem, NC 27127. This property was listed for sale on October 10, 2024 by The Andersson Group, it's currently listed at $465,000. It has been on the market for a total of 8 days and was last sold on April 19, 2023. This listing's school district is Winston Salem & Forsyth County School District. Nearby schools include Latham Elementary, Philo Middle and Parkland High. 504 West Sprague Street is a 5-bed, 3-bath, single family home built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Andersson Group

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) Program of the Triad MLS, Inc. of High Point, NC. Real estate listings held by brokerage firms other than Compass are marked with the Internet Data Exchange logo or the Internet Data Exchange (IDX) thumbnail logo (the TRIAD MLS logo) and detailed information about them includes the name of the listing brokers. Information Deemed Reliable But Not Guaranteed. The broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify perspective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by potential buyers and sellers is prohibited. Copyright© 2024 Triad MLS, Inc. of High Point, NC. All Rights Reserved. Data cannot be redistributed and cannot be used for any reason other than provided in the contract.