masterkey logo
1040 Gales Ave
Score
0
Winston Salem, NC

1040 Gales Ave

311K
3 bd • 2 ba • 1,575 sf

This analysis was generated on 1/28/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

0:00
0:00 / 0:00
List Price

$311,300

Price/Sq.Ft

$198

Year Built

AI Property Analysis

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

The Good

• The price per square foot ($197.65) is relatively competitive compared to the market, which can appeal to budget-conscious buyers. The median income in Winston-Salem of $53,486 suggests affordability for a range of buyers. • The property has three bedrooms and two bathrooms which are attractive to families or individuals needing extra space. • The home appears to be a single-story ranch style, which is desirable for accessibility and ease of living. • The image shows a well-maintained lawn, mature landscaping, and a traditional suburban setting, potentially appealing to buyers who value a quiet neighborhood feel. The property is surrounded by mature trees, which provides shade and privacy. • The property is in Winston-Salem, which is experiencing revitalization and has a growing innovation sector, making it a potentially good place for long term investment.

The Bad

• The lack of property features and a description is a major drawback. Potential buyers cannot assess the home's amenities, condition, or unique characteristics. • The unknown year built is a concern. Older homes often have hidden issues and require more maintenance, potentially increasing costs for the buyer. • No room details are provided, making it difficult to understand the layout and functionality of the property. Buyers cannot evaluate if the home meets their spatial needs. • No utility information is available. This lack of transparency makes it hard to estimate monthly costs and assess the efficiency of the systems. • The absence of a description may indicate that the property has some undesirable features that the seller is not disclosing.

The Ugly

• The lack of information on the age of the property and its systems presents a significant risk for potential buyers. Older systems may be inefficient and prone to failure, leading to costly repairs. • Given the age of the property, there could be hidden issues such as structural problems, mold, asbestos, or lead paint, which would require expensive remediation. A thorough inspection is critical to uncover these issues. • Without specific information on the utilities, it is impossible to assess the efficiency of the systems and their potential impact on monthly costs. This lack of transparency is a red flag. • The potential for soil contamination due to Winston-Salem's history with the tobacco industry is a concern. Soil testing could add to the initial costs of purchasing the property. • The lack of information on HOA fees or neighborhood restrictions creates uncertainty for the buyer and may lead to unexpected costs or limitations.

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

• First-time homebuyers seeking a starter home with a manageable size and established neighborhood feel. The three bedrooms and two bathrooms are suitable for a small family or individuals needing extra space. • Buyers looking for a property with a good price per square foot ($197.65) compared to some newer construction in the Winston-Salem area, where prices can easily exceed $250/sqft. • Individuals or families who value a traditional, single-story home layout with easy access to the outdoors. The property seems to have a relatively flat lot based on the image, which might be suitable for those with mobility concerns. • Buyers who are comfortable with a property that does not have the latest upgrades and are willing to invest in personalizing and updating it over time. This could be an opportunity for those who enjoy DIY projects and want to build equity through improvements. • Those who prefer a suburban setting with mature trees and a traditional yard. The property seems to have a good amount of yard space, which is beneficial for children or pets.

Not For

• Buyers seeking modern, updated homes with high-end finishes. This property may require significant renovations to meet those expectations. • Investors looking for immediate cash flow with high rental yields. The potential rental income might not be high enough to justify the investment given the price. • Buyers who need a large amount of living space. At 1575 square feet, this property may not be suitable for large families or those requiring extensive living areas. • Buyers who prefer walking distance to amenities or a very urban lifestyle. The property is likely located in a suburban setting, and car ownership is generally necessary. • Those who are not comfortable with the possibility of some maintenance or renovation projects. The lack of detailed property information suggests the home might need some work.
Demographics
Area Median Income

$53,486

Property History

Price History
Ownership Timeline
$187,000Financed
Jun 20, 2018
North 52 Investments Group LlcAlexander Warren Fetter
Warranty Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Mar 13, 2018
Secretary Of Veterans AffairsNorth 52 Investment Group Llc
Special Warranty Deed
Non-Arm's Length Transactions
$110,946Cash Purchase
Jan 17, 2018
Paul Richard WilsonQuicken Loans Inc
Trustees Deed
Foreclosure

Sunlight Analysis

Visualize how sunlight affects this property throughout the day and year.

Sunlight Analysis

Data provided by Shadowmap

Loading sunlight data...

Financials

Monthly Costs
Market Rent (3 bed)

$840

Get a detailed estimate on Zillow
Unlock Premium Features

Supercharge Your Property Analysis

Get unlimited AI-powered insights and analysis to make confident decisions about any property you're interested in.

Best for serious buyers
  • Unlimited AI analysis
  • Unlimited AI chat
  • Advanced tools & insights
$24.92/mo
Billed yearlySave 17% ($60/year)
Cancel anytime • 30-day money-back guarantee

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$311,300
Price/sqft
$198
Layout
3 bd2 ba
0

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$329,667

5.6%

Your price is 5.6% below average

Median Price

$352,000

11.6%

Based on 6 recent sales

Price per Sq.Ft

$209

5.4%

Your price is 5.4% below average $/sqft

Comparable Properties

2240 Queen Street, Winston-Salem, NC 27103
Price: $251,000
Sq.Ft: 1,560
Beds/Baths: 3/2
$/Sq.Ft:
$16118.6%
Sale Date: 10/25/2024
1137 Ebert Street, Winston-Salem, NC 27103
Price: $352,000
Sq.Ft: 1,591
Beds/Baths: 3/2
$/Sq.Ft:
$22111.9%
Sale Date: 10/18/2024
2439 Hoyt Street, Winston-Salem, NC 27103
Price: $265,000
Sq.Ft: 1,400
Beds/Baths: 2/2
$/Sq.Ft:
$1894.2%
Sale Date: 11/15/2024
2439 Hoyt Street, Winston Salem, NC 27103
Price: $265,000
Sq.Ft: 1,400
Beds/Baths: 2/2
$/Sq.Ft:
$1894.2%
Sale Date: 11/15/2024
2368 Walker Avenue, Winston-Salem, NC 27103
Price: $405,000
Sq.Ft: 1,690
Beds/Baths: 3/2
$/Sq.Ft:
$24021.2%
Sale Date: 10/28/2024
2412 Walker Avenue, Winston Salem, NC 27103
Price: $440,000
Sq.Ft: 1,750
Beds/Baths: 3/2
$/Sq.Ft:
$25127.2%
Sale Date: 11/6/2024

Frequently Asked Questions

Property Discussion

Start the Conversation

Share your insights on this property—did you visit the open house? Know of any hidden pros or cons? Your street-level knowledge could be exactly what another buyer needs.

You
Join 1,000+ buyers

Analyze Any Property for Free

Get instant insights and potential savings on any Zillow listing.

Free Analysis
AI-Powered Insights
Instant Results