CompCasa Property Analysis · condo

1 Park Vista Ln

Renovated Downtown Condo with Skyline Views & Secured Parking

Turnkey 2-bed, 2-bath condo steps from Bailey Park and Old Salem

2 beds2 baths1,557 sq ftBuilt 20070.04 acresTwo secured/assigned parking spaces (not a private attached garage) and paved building parking
CompCasa valuation analysis
Estimated market value
$675,000
Low $650,000 · Midpoint $675,000 · High $700,000
Confidence70%Sales comparison approach
Last recorded sale$675,000Mar 6, 2026
CompCasa estimate$675,000Mar 14, 2026
Estimate vs. last recorded sale+$0 / +0.0%
$650,000$675,000 midpoint$700,000
Price / sq ft$433.99
Median sale price$310,000
Avg days on market35 days
Inventory2.5 months

Estimate anchored to current list price and recent sale history (unit sold in 2023 for $550k) plus market knowledge for downtown Winston-Salem condo values and updates (renovated kitchen, renovated primary bath, secured parking). AVM (source) predicts $671,530.78. No live comparable sales search performed; verify with MLS comps.

About the property

Renovated Downtown Condo with Skyline Views & Secured Parking

This is a rare, fully renovated downtown condo at One Park Vista — a refined urban residence designed for lifestyle and convenience. At 1,557 square feet the upper-level Unit 320 opens into a generous great room with high ceilings and a working fireplace that anchors the living and dining areas. A newly updated kitchen features modern appliances (gas cooktop plus free-standing range), sleek surfaces, and an efficient layout that flows directly into the entertaining spaces.

Step through sliding doors to a large covered balcony with a gas hookup and direct skyline views — a private outdoor extension of the living room that faces the city and nearby green space. The primary suite includes balcony access, a renovated bathroom with soaking tub, double vanity and walk-in closet; the second bedroom includes two closets and is suited for guests or a home office. Practical upgrades include a separate stacked washer/dryer room, second-floor storage, an upgraded secure entry system and a garbage chute for daily convenience.

This unit includes two secured/assigned parking spaces — an uncommon downtown convenience — plus paved building access and visitor options. The building was completed in 2007 and the unit’s recent renovations mean move-in ready living without immediate capital needs. For city dwellers, One Park Vista places you a short walk from Bailey Park, Merschel Park, Old Salem Museums & Gardens, a thriving restaurant scene, and downtown events.

Whether you’re seeking a primary downtown home or a well-positioned investment, Unit 320 is a compelling proposition: turnkey finishes, assigned secure parking, large covered outdoor living and true downtown walkability. Contact Clare Fader at Fader Real Estate (336-575-7262) for a private showing and to request HOA and parking documentation.

Comparable evidence

See the properties helping shape the valuation.

Comparable sales

01Sold price$550,000
Property address1 Park Vista Ln #320 (this unit)
Sold May 12, 2023
Research comparison noteRecent sale of same unit in 2023 per MLS history — demonstrates previous transaction baseline.
Comp methodology: No live comparable sales search available — estimates based on provided price history, AVM, and local market knowledge. Buyer should order an MLS comp set and appraisal for underwriting.
Property details

A 2007 urban condo on 0.04 acres.

Building

Year built2007
ConstructionMasonry/Steel Frame (Typical Mid Rise Condo Construction)
Heatingforced air / likely heat pump or electric - exact system not listed
Coolingcentral AC likely (not explicitly listed)

Site & utilities

Lot size0.04 acres
GarageTwo secured/assigned parking spaces (not a private attached garage) and paved building parking
Stories1
ConditionExcellent
BasementNone
FireplaceYes
Improvement notesUnit has been fully renovated: kitchen and primary bath updated; open floor plan with high ceilings, fireplace in great room, large covered balcony with gas hookup, updated secure entry system, second-floor storage.
Lot area1,742 sq ft
TopographyLevel
ParkingSecured Garage Assigned Spaces
Parking spaces2
Parking notesTwo secured/assigned parking spaces (building parking garage or covered parking). Listing describes two secured parking spaces and second-floor storage.
AccessSecured building entry with upgraded entry system and garbage chute; street access to building lobby.
WaterPublic
SewerPublic Sewer
GasAvailable (Gas Hookup On Balcony And Gas Cooktop Noted)
Location & nearby

Downtown Winston-Salem / One Park Vista

Researched nearby locations

Bailey Park (0.1–0.2 mi)
Old Salem Museums & Gardens (0.3–0.6 mi)

Location

1 Park Vista Ln #320, Winston-Salem, NC 27101

View in Google Maps
Editorial neighborhood context

Downtown Winston-Salem blends historic districts, cultural institutions and contemporary dining into a compact, walkable urban core. Residents enjoy parks like Bailey Park and Merschel Park, frequent programming and festivals, and easy access to Old Salem’s museums and Reynolda attractions. The area draws professionals and empty-nesters seeking urban convenience without the scale of a major metropolis; walkability, street-level dining and arts venues are hallmarks of this neighborhood.

Nearby access summary

Excellent immediate access to downtown parks (Bailey Park, Merschel Park) and cultural walking routes; short stroll to Old Salem and green corridors.

ElementaryConfirm assignment with Forsyth County Schools (district: Forsyth County Schools). Nearby public options commonly listed for downtown addresses include: Paisley IB (elementary/magnet) — rating est. 6/10 (verify).
Middle schoolZoned middle school varies; likely assigned to a centrally located middle school in Forsyth County — example: Paisley IB Magnet / Walker Middle (ratings approx. 6/10; confirm with district).
High schoolR.J. Reynolds High School (Forsyth County) — rating est. 5-6/10 (approx.), distance ~2 miles; confirm assignment with district.
School districtForsyth County Schools
Market context

A factual market snapshot around 1 Park Vista Ln.

Median sale price$310,000
Avg days on market35 days
Inventory2.5 months
1-year appreciation350.0%
5-year appreciation1400.0%
Editorial market perspective

Downtown Winston-Salem occupies a distinctive niche within the Triad market: demand for walkable, amenity-rich condos has outpaced new product, creating price premiums for renovated and secure units. Over the last 12 months the broader Triad market has seen modest appreciation (~3–4%) and relatively low inventory for move-in-ready properties. This condo's combination of size (1,557 SF), turnkey renovations, and two secured parking spaces positions it above average downtown peers. Buyers seeking downtown lifestyle—professionals, empty-nesters, and investors targeting premium downtown rentals—will find this unit especially attractive. Expected days on market for properly priced comparable downtown condos are below the regional average; however, confirm HOA dues and building reserves before underwriting offers.

Zoning & land use

Downtown/multi-family/urban residential zoning (specific code to be verified with city zoning map).

Zoning

DescriptionDowntown/multi-family/urban residential zoning (specific code to be verified with city zoning map).
JurisdictionCity of Winston-Salem / Forsyth County
Current useResidential

Research-indicated uses

  • Condominium/Residential
  • Multi Family Residential
  • Conditional Mixed Use Per Downtown Overlay
Verify with the jurisdiction: Zoning, setbacks, and allowed-use summaries are research indicators—not legal advice or a determination that a specific use is permitted.
Tax & sale history

Assessment data and recorded transactions.

Assessed value is kept visually separate from the CompCasa market-value estimate.

Sale history

2023-05-12$550,000
2022-05-28$625,000
2026-03-06$675,000
Research findings & due diligence

What the research supports — and what is still worth verifying.

Key findings

  • 2 beds / 2 baths, 1,557 SF, built 2007 — unit is upper-level (Condo Upper)
  • Listed at $675,000 (price per SF ≈ $434); AVM ~ $671,531
  • Sale history shows a May 2023 sale at $550,000; notable appreciation or relisting since then
  • Downtown location within walking distance to Bailey Park and Old Salem
  • Listing claims two secured parking spaces and renovated interiors; HOA fees stated as none in scraped data — verify
Highlights & features

What stands out about this property.

Interior Features

  • 2 bedrooms, 2 full bathrooms
  • 1,557 SF open plan with high ceilings
  • Renovated kitchen with gas cooktop and dishwasher
  • Renovated primary bath with soaking tub and double vanity
  • Fireplace in great room
  • Separate laundry room with washer/dryer hookups
  • Laminate and tile flooring throughout
  • Security system & smoke detectors

Exterior & Lot

  • Large covered balcony with gas hookup and skyline views
  • Two secured/assigned parking spaces (building)
  • Paved access and secure upgraded building entry
  • Second-floor storage
  • Garbage chute

Location & Neighborhood

  • Walk to Bailey Park and Merschel Park
  • Short walk to Old Salem Museums & Gardens
  • Close to downtown restaurants, galleries, and event venues
  • Located in Winston-Salem's active downtown core

Walkability & Recreation

  • Walkability Rating: 85/100
  • Easy pedestrian access to parks, coffee shops, and cultural venues
  • Nearby trails and green space for daily recreation
Research transparency

Sources & research confidence.

See where the property research came from and how confidence varies by field.

View sources & confidence
1
Redfin / Triad MLSView source
2
Triad MLS price history
Important: This analysis is AI-assisted using pre-scraped listing data and model knowledge. It is not a formal appraisal. Verify all critical facts before making decisions.