1509 South Martin Luther King Jr Drive

Winston-Salem, NC 27107

$340,000
Last Sold Price
762,300 / 17.5
Lot Size / Acres

Description

A beautiful piece of 17.5 acre tract of land with potential for affordable Multifamily and Single-Family housing development Conveniently located right off of the new research parkway , accessible from US-52 Business 40, and 1-40. The property is located near downtown, Winston Salem State University, Salem College, UNC School of the Arts, Quarry Park and Salem Lake. Approximately 5 acres are zoned for light industrial. while the rest is of the land is zoned RS9.A beautiful piece of 17.5 acre tract of land with potential for affordable Multifamily and Single-Family housing development Conveniently located right off of the new research parkway , accessible from US-52 Business 40, and 1-40. The property is located near downtown, Winston Salem State University, Salem College, UNC School of the Arts, Quarry Park and Salem Lake. Approximately 5 acres are zoned for light industrial. while the rest is of the land is zoned RS9.
  1. Listed by Tammy Watson • Coldwell Banker Advantage

Property Details for 1509 South Martin Luther King Jr Drive

Flood Zone
Not in Flood Zone
Zoning
RS9S

Location

Listing Courtesy of Coldwell Banker Advantage

Sold By Coldwell Banker Advantage

Add your commute
LISTING UPDATED: 08/10/2021 07:22 AM

Property Details for 1509 South Martin Luther King Jr Drive

StatusClosed
MLS #1012626
Days on Market152
Taxes$3,181 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand / Unimproved Land
Year Built-
Lot Size17.50 AC
CountyForsyth County

Location

Listing Courtesy of Coldwell Banker Advantage

Sold By Coldwell Banker Advantage

Add your commute

Building Information for 1509 South Martin Luther King Jr Drive

Lot Size17.50 AC

Payment Calculator

$2,121 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,856

Property Taxes

$265

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1509 South Martin Luther King Jr Drive

Summary
Location and General Information
  • County Or Parish: Forsyth
  • City: Winston Salem
  • Directions: I40 East to Martin Luther King JR. Drive, Left onto Martin Luther King JR Drive, Passing Winston Salem State University and the research partway, and the, land entrance is between the companies Cottonall Textile and Salem Sports.
  • Latitude: 36.079702
  • Longitude: -80.216559
  • Postal Code: 27107
  • City Limits: Yes
Taxes and HOA Information
  • List AOR: Winston-Salem
  • Tax Rate: 1.38%
  • Tax Annual Amount: $3,181.00
  • Tax Assessed Value: $242,000.00
  • Tax Block: 2580
  • Tax Legal Description: 6844-09-3825
  • Tax Lot: 101
  • Tax Map Number: 642848
  • Tax Year: 2020
  • Parcel Number: 6844093825
  • Association: No
School Information
  • High School: Call School Board
  • Elementary School: Call School Board
Property
Lot Information
  • Lot Features: City Lot, Wooded
  • Lot Size Acres: 17.5
  • Road Frontage Type: Easement, 2-Lane, Public
  • Cleared Acres: 0.0
  • Lot Number: 101
  • Total Heated Finished SqFt Range: 0 - 0
  • Water Source: Public Available
  • Wooded Area: 762300.0
  • Possible Use: Single Res
Property and Assessments
  • Documents Available: Appraisal, Soil Test, Tax Map
  • Photos Count: 4
  • Property Type: Land
  • Deed Book: 3300
  • Deed Page: 1670
  • Environmental Hazards: No
Utilities
  • Electric: Duke Power
  • Gas: Type: None Available
  • Sewer: Public Available
Rental
Rental Information
  • Listing Agreement: Exclusive Right To Sell

Property History for 1509 South Martin Luther King Jr Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1509 South Martin Luther King Jr Drive

Taxable ValueLand$75,000Additions$150,000Total$225,000
Tax Record2023$3,012 ($251 / month)
Home Facts
Beds0Lot Size762,736 SqFtStyleSingle Family ResidenceZoningLI,RS9CountyFORSYTHAPN6844-09-3825.00

Schools near 1509 South Martin Luther King Jr Drive

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
Forest Park 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

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Similar Sold Homes

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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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Advantage

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