NOT LISTED FOR SALE

8 W 3rd St Winston-Salem, NC 27101

Downtown Winston-Salem Neighborhood

Estimated Value: $3,823,439

2 Beds
-- Bath
1,230 Sq Ft
$3,108/Sq Ft Est. Value

About This Home

This 9-story, historic high-rise offers newly converted luxury apartments in downtown Winston-Salem.

FEATURES
Modern kitchens featuring stainless steel appliances
Waterfall islands
In-unit washer & dryer
Hardwood flooring
High ceilings
Solar shades
Spa-style bathrooms
AMENITIES
State-of-the-art fitness center
Resident lounge with billiards, table tennis & more
Rooftop deck
Business center with study pods
Bike storage
Controlled access
SERVICES
Package acceptance
Online resident portal featuring rent payments and work order entry for your convenience
NEIGHBORHOOD
Close proximity to Wake Forest University, Winston-Salem State University, University of North Carolina School of the Arts, and Salem College.
Take in a game at BB&T Field — home field of the Wake Forest Demon Deacons and The Winston-Salem Dash — or the Winston-Salem Sports and Entertainment Complex, including Bowman Gray Stadium, home of the Winston-Salem State University Rams and NASCAR racing.
Charming boutiques, galleries, and museums in the downtown district of Old Salem and the arts district in downtown Winston.
Abundant green space includes parks, walking and biking trails, such as Tanglewood Park, Hanes Park, Salem Lake, and Salem Greenway.
Nightlife includes live music at Ziggy's, The Garage, and the Muddy Creek Cafe, and a lively craft beer scene, including Foothills Brewery, Hoots Roller Bar & Beer Co., and Small Batch Beer Co.
Shopping at Trader Joe's, Whole Foods, the Cobblestone Farmer's Market, Thruway Center, Reynolda Village, and Hanes Mall.
Exceptional dining options include Sweet Potatoes, Fabian's, La Botana, Ryan's, Willow's Bistro, Full Moon Oyster Bar, and Vincenzo's. Coffeehouses include Krankie's, Camino Bakery, and Café Ole Coffee House
Annual city celebrations include Salute! Wine Celebration in Downtown Winston, The RiverRun Film Festival, and the Twin City RibFest!
Walk Score?
Walk Score
88
VERY WALKABLE
Most errands can be accomplished on foot.
WALK SCORE®: 88

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 7, 2021
Sold by
Wachovia House Llc
Bought by
8 West Third Street Associates Llc
Current Estimated Value
$3,823,439

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
3.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 6, 2021
Sold by
Wachovia House Llc
Bought by
8 West Third Street Associates Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
3.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 29, 2017
Sold by
Magnolia Castle 2 Llc
Bought by
Wachovia House Llc

Purchase Details

Closed on
Jun 30, 1992
Bought by
West Third Street Inc

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
8 West Third Street Associates Llc $3,000,000 None Available
8 West Third Street Associates Llc $3,000,000 Accommodation
Wachovia House Llc -- None Available
Wachovia House Llc -- None Available
Magnolia Castle 2 Llc $3,000,000 None Available
West Third Street Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 8 West Third Street Associates $12,350,000
Closed 8 West Third Street Associates $2,250,000
Closed 8 West Third Street Associates Llc $3,000,000
Closed 8 West Third Street Associates Llc $3,000,000
Closed 8 West Third Street Associates Llc $2,500,000
Previous Owner West Third Street Inc $125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/04/2024 11/04/24 Off Market $1,345 -- --
10/25/2023 10/25/23 Price Changed $1,345 0.0% $2 / Sq Ft
10/20/2023 10/20/23 For Rent $1,345 -- --

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $81,420 -- -- --
2022 $56,768 $5,538,100 $253,600 $5,284,500
2021 $55,814 $0 $0 $0
2020 $69,906 $5,861,100 $244,500 $5,616,600
2019 $70,381 $5,145,700 $0 $0
2018 $67,054 $5,861,100 $244,500 $5,616,600
2016 $64,650 $5,161,973 $228,803 $4,933,170
2015 $63,731 $5,161,973 $228,803 $4,933,170
2014 $61,928 $5,161,973 $228,803 $4,933,170
Source: Public Records

Map

North Carolina Forsyth County Winston-Salem 27101 Downtown Winston-Salem

8 W 3rd St, Winston-Salem, NC

Homes for Sale in Winston-Salem, NC

This home is located at 8 W 3rd St, Winston-Salem, NC 27101 and is currently priced at $3,823,439, approximately $3,108 per square foot. 8 W 3rd St is a home located in Forsyth County with nearby schools including Wiley Magnet Middle School, Reynolds High School, and The Arts Based School.

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