Owners & Occupancy for 605 N Lake Dr

This property is owned by James F McHone. Owner contact information includes 5 phone numbers and 3 email addresses.

Appreciation Since Purchased

$87,602

Purchased September 16, 2016

Number of Owners

1

Number of Residents

2

Property Owners

Occupancy

Resident 1	************** age 49
Resident 2	**************** age 76

Property Financials for 605 N Lake Dr

605 N Lake Dr, Winston Salem, NC has a mortgage from Allegacy Fcu (orig. September 29, 2016). The Forsyth county assessment for 2024 values it at $167,370, with annual taxes of $1,055.

Mortgage & Equity Information

Loan Amount	$******
Lender	Allegacy Fcu
Origination Date	September 29, 2016
Interest Rate	****%
Term	30 Years
Rate Type	Fixed
Est Balance	$********
Due Date	****************
Equity	View Equity

View All Mortgage Info

Property Tax

Purchase Date	September 16, 2016
Property Tax Amount	$1,055 in 2024
Purchase Price	$152,000
Assessed Value	$167,370 on 2024

Investment Potential for 605 N Lake Dr

The property has a current estimated value of $239,602, which is 35% above the zip median, based on public records. It last sold on September 16, 2016 for $152K. Projected long-term

is $18,600 annually ($1,550 per month) with a 93% occupancy rate.

Property Appreciation
property appreciation
This appreciation forecast is based on proprietary algorithms utilizing publicly available historical market data. Appreciated property values are inherently uncertain and actual appreciation of a property can differ materially for a wide variety of reasons. Learn More.

Last Sale Amount

$152,000

Sold September 16, 2016

Est. Current Value
property value
This property valuation is based on proprietary algorithms utilizing publicly available market data. Whitepages’ Property Value is NOT an appraisal and should not be used in place of one. Learn More.

$240K

($231K - $247K)

35% above zip median

5-Year Forecast
5-year appreciation
This is an estimate of the appreciated property value by year over the next 5 years, based on proprietary algorithms and historical market data. Actual appreciation of a property can differ materially for a variety of reasons. Learn More.

$******

View Forecast

Discover more Single Family Homes in 27127.

See Recommended Properties

Long-Term
Rental Income
rental income
This estimate is computed using a proprietary model. It is a starting point in determining the potential rental income for a property. Learn More.

Gross Rental

$18,600 per year($1,550 per month)

$****View Operating Expenses

Net Operating Income

$*****View Net Operating Income

Cap Rate

****%View Cap Rate

Occupancy Rate

93%in 27127 zip code

View Rental Potential

Property Details for 605 N Lake Dr

Estimated Mortgage Balance

$********

View Mortgage Info

Estimated Equity

Property Age

21 years

(Remodeled 2010)

51 years newer than zip median

Property Details

Property Sq Ft

Living Area

1,192 sq ft

6% above market

Lot Size

2,664 sq ft

68% below market

Price Per Sq Ft

Living Area

$201 / sq ft

25% above market

Lot Size Area

$90 / sq ft

387% above market

Property Information

Property condition, age, exterior, etc. for 605 N Lake…

Land & Location Information

Longitude: -80.271301 Latitude: 35.994715 Parcel Number (APN): 03-003-S-000-1003-0-0-0…

Recommended Properties in 27127

Discover more single family homes near 605 N Lake Dr in Winston Salem, North Carolina. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

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6030 Herinhut Rd, Winston Salem, NC 27127
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1823 Park Meadow Cir, Winston Salem, NC 27127
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Good value per sqft
$223K - $239K
Est. Value
4715 Paula Dr, Winston Salem, NC 27127
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Est. Value
5752 Candlewood Dr, Winston Salem, NC 27127
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Est. Value
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Large Lot Advantage
$319K - $348K
Est. Value
293 Williams Meadow Ln, Winston Salem, NC 27127
3 beds · 2 baths · 1,686 sq ft · Last Sold: $330,000 in 2024 · Built: 1999
High Demand Long-Term Rental
$325K - $348K
Est. Value
4645 Craver Woods Ct, Winston Salem, NC 27127
4 beds · 2 baths · 2,720 sq ft · Last Sold: $289,000 in 2021 · Built: 2006
Large Lot Advantage
$219K - $242K
Est. Value
4381 Fariss Rd, Winston Salem, NC 27127
2 beds · 1 baths · 1,307 sq ft · Last Sold: $60,000 in 2010 · Built: 1934
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Est. Value
140 Meghan Elizabeth Ln, Winston Salem, NC 27127
3 beds · 2 baths · 1,658 sq ft · Last Sold: $155,000 in 2007 · Built: 1999
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Est. Value
1007 Queensbury Dr, Winston Salem, NC 27127
3 beds · 2 baths · 1,774 sq ft · Last Sold: $210,500 in 2015 · Built: 2015
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Est. Value
1623 Paragon Dr, Winston Salem, NC 27127
3 beds · 2 baths · 2,282 sq ft · Last Sold: $260,000 in 2020 · Built: 1958
High Demand Long-Term Rental
$236K - $251K
Est. Value
2472 Joshua Ln, Winston Salem, NC 27127
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Est. Value
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Est. Value
272 Holmes Dr, Winston Salem, NC 27127
3 beds · 2 baths · 1,344 sq ft · Built: 1972

Market Benchmarks

Compare data for 605 N Lake Dr in Forsyth County to the median in the zip code area and surrounding markets, where available.

View zip code benchmarks

Property

Zip

Difference

State

Difference

$239,602

$177,505

$62,097 (35%)

$171,003

$68,599 (40%)

$******

$********

$***** (****%)

$274,494

$26,286 (10%)

YoY Price Change

****%

2.5%

-108%

Year Built

2004

1953

51 years

1962

42 years

Living Space

1,192 sq ft

1,125 sq ft

67 (6%)

1,100 sq ft

92 (8%)

$ Per Living Sq Ft

$201

$161

$40 (25%)

$148

$53 (36%)

Lot Size

2,664 sq ft

8,276 sq ft

-5612 (-68%)

16,553 sq ft

-13889 (-84%)

$ Per Lot Sq Ft

$90

$18

$71 (387%)

$9

$81 (892%)

Long-Term Rental
rental income
This estimate is computed using a proprietary model. It is a starting point in determining the potential rental income for a property. Learn More.

Net Operating Income

$*****

$*******

$**** (****%)

$16,080

-$2,766 (-17%)

Annual Revenue

$18,600

$16,800

$1,800 (11%)

$21,000

-$2,400 (-11%)

$****

$*** (****%)

$5,027

$259 (5%)

Net Operating Income

$*****

$*******

$**** (****%)

$16,080

-$2,766 (-17%)

Cap Rate

****%

—

9.19%

—

View Zip code Data

Home Value Comparison

Home Value Comparison: Property vs. Local and Regional 2-Bed Single Family Home Medians

Residence	*****************
Landline	(336) 320-3043
Distance from Property	**********
Email Address	********@aol.comView Email

Property Type	Single Family Home
Total Bedrooms	2
Total Bathrooms	2
Year Built	2004
Building Sq Ft	1,192 sq ft
Lot Size	0 Acres
Living Space	1,192 sq ft
Ground Floor	1,192 sq ft
Heating / Fuel	Heat Pump
Air Conditioning	Central A/C
Roof Covering	Wood
Garage	Garage
Fireplace	Yes
Fireplace Type	Prefab

APN	03-003-S-000-1003-0-0-0
Census Tract	0603023008
Municipality	Arcadia
County	Forsyth
Subdivision	North Lake Dev
Zoning	PDH
Neighborhood	27127
Longitude / Latitude	-80.271301 / 35.994715
Lot Size	2,664 sq ft

Est. Value	$239,602
Price / Sq Ft	$201
Est. Rent/mo	$1,550
Occupancy	N/A
Equity	$****/**%

605 N Lake Dr Winston Salem, NC 27127

property value

$239,602

market valuation

$177,505

market valuation

$149,886

investment intelligence

Owners & Occupancy for 605 N Lake Dr

Appreciation Since Purchased

$87,602

Number of Owners

1

Number of Residents

2

Property Owners

James F McHone, age **

Occupancy

Property Financials for 605 N Lake Dr

Mortgage & Equity Information

Property Tax

Investment Potential for 605 N Lake Dr

rental income

property appreciation

Last Sale Amount

$152,000

property value

$240K

($231K - $247K)

5-year appreciation

rental income

operating expenses

Property Details for 605 N Lake Dr

Estimated Mortgage Balance

Estimated Equity

$******

Property Age

21 years

(Remodeled 2010)

Property Details

Property Sq Ft

Living Area

Lot Size

Price Per Sq Ft

Living Area

Lot Size Area

Property Information

Land & Location Information

Recommended Properties in 27127

$283K - $308K

Est. Value

6030 Herinhut Rd, Winston Salem, NC 27127

3 beds · 2 baths · 1,540 sq ft · Built: 1992

$162K - $184K

Est. Value

320 W Clemmonsville Rd, Winston Salem, NC 27127

3 beds · 1 baths · 1,195 sq ft · Last Sold: $62,000 in 2007 · Built: 1938

$255K - $270K

Est. Value

3831 Heather View Ln, Winston Salem, NC 27127

3 beds · 2 baths · 1,364 sq ft · Last Sold: $245,000 in 2024 · Built: 2002

$355K - $383K

Est. Value

4682 Center Rock Ct, Winston Salem, NC 27127

3 beds · 2 baths · 2,125 sq ft · Last Sold: $158,000 in 2009 · Built: 2005

$304K - $325K

Est. Value

1948 Waccamaw Path, Winston Salem, NC 27127

3 beds · 2 baths · 1,372 sq ft · Last Sold: $77,000 in 1995 · Built: 1995

$410K - $442K

Est. Value

1202 Friedberg Village Dr, Winston Salem, NC 27127

3 beds · 2 baths · 2,010 sq ft · Last Sold: $246,500 in 2016 · Built: 2016

$408K - $451K

Est. Value

335 Willow Ridge Ln, Winston Salem, NC 27127

4 beds · 2 baths · 2,480 sq ft · Last Sold: $550,000 in 2023 · Built: 2007

$212K - $235K

Est. Value

1823 Park Meadow Cir, Winston Salem, NC 27127