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213 & 215 Stewart Rd
Score
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Winston Salem, NC

213 & 215 Stewart Rd

269K
3 bd • 1 ba • 1,073 sf

This analysis was generated on 2/19/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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List Price

$269,000

Price/Sq.Ft

$251

Year Built

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Competitive Price per Square Foot: At $250.70 per square foot, the property's price aligns with the Winston-Salem market, potentially offering an affordable entry point for buyers. This is based on a price of $269,000 and 1,073 square feet. • Potential Rental Income: The estimated rental income of $1,210 per month for a 3-bedroom unit presents an opportunity for investors to generate passive income. The median income in the area is $48,669. • Neighborhood Revitalization: Winston-Salem's ongoing revitalization efforts could lead to increased property values and improved quality of life in the area. The local market specifics highlight revitalization and gentrification as key factors.

The Bad

• Unknown Year Built: Without knowing the construction date, assessing the property's structural integrity, potential for lead paint/asbestos, and compliance with current building codes becomes difficult. This lack of information introduces significant uncertainty. • No Property Description: The absence of a property description hinders the ability to understand the layout, condition, and unique features of the home. This makes it challenging to gauge its appeal and potential value. • Limited Information: The lack of listed property features, room details, and utility information makes it difficult to fully assess the property's condition and potential value. This lack of transparency requires further investigation.

The Ugly

• Potential for Hidden Issues: The unknown build year and lack of property details raise concerns about potential hidden issues, such as structural problems, outdated systems, or environmental hazards. Addressing these issues could incur significant costs. • Revitalization and Gentrification Concerns: While revitalization can be positive, it can also lead to displacement of long-term residents and increased property taxes. Buyers should be aware of the potential implications for the community and their investment. • Environmental Risks: The potential for poor air quality and radon exposure in Winston-Salem poses health risks and may require mitigation measures, adding to the overall cost of ownership. The environmental considerations highlight Piedmont Triad Air Quality and Radon as concerns.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

• Investors Seeking Rental Income: The property's potential rental income of $1,210 per month aligns with the local market rate for a 3-bedroom unit, offering a potential return on investment. • Buyers Interested in Revitalizing Neighborhoods: The property's location in Winston-Salem, a city undergoing revitalization, presents an opportunity to contribute to and benefit from the area's growth. • Buyers Comfortable with Potential Renovation Projects: Given the unknown build year, the property may require updates or repairs, making it suitable for buyers who are prepared for and capable of handling such projects. • Buyers seeking properties with mature landscaping: The aerial view shows mature landscaping with trees and bushes, which is attractive for some buyers.

Not For

• Buyers Requiring Modern Amenities: The lack of listed property features and the unknown build year may indicate that the property lacks modern amenities, making it unsuitable for buyers seeking updated homes. • Buyers with Limited Renovation Budgets: If the property requires significant repairs or renovations, it may not be suitable for buyers with a limited budget or those seeking a move-in-ready home. • Buyers Dependent on Extensive Public Transportation: Winston-Salem's public transportation system may not be as extensive as in larger cities, which could be a drawback for buyers who rely on public transport.
Demographics
Area Median Income

$48,669

Property History

Price History
Ownership Timeline
$94,000Cash Purchase
Oct 31, 2023
Avery Amos Moore Ii, Melinda K MooreBryan Joseph Long, Amanda Michelle Ruscilla Long
Warranty Deed
Standard Sale (Purchase/Resales)

Sunlight Analysis

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Sunlight Analysis

Data provided by Shadowmap

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Financials

Monthly Costs
Market Rent (3 bed)

$730

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$269,000
Price/sqft
$251
Layout
3 bd1 ba
0

Stats in the Area

Based on 3 comparable properties nearby

Average Price

$171,000

57.3%

Your price is 57.3% above average

Median Price

$178,000

51.1%

Based on 3 recent sales

Price per Sq.Ft

$156

60.7%

Your price is 60.7% above average $/sqft

Comparable Properties

127 Vogler Drive, Winston-Salem, NC 27107
Price: $200,000
Sq.Ft: 1,052
Beds/Baths: 3/1
$/Sq.Ft:
$19024.2%
Sale Date: 11/21/2024
3384 Kernersville Road, Winston-Salem, NC 27107
Price: $178,000
Sq.Ft: 1,120
Beds/Baths: 3/1
$/Sq.Ft:
$15936.6%
Sale Date: 10/25/2024
2306 Mullins Drive, Winston-Salem, NC 27107
Price: $135,000
Sq.Ft: 1,148
Beds/Baths: 3/2
$/Sq.Ft:
$11853.1%
Sale Date: 1/1/2025

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