Property listing for 4140 Willmeade Dr, Winston Salem, NC 27127
For SaleSingle Family Home

$285,000

4140 Willmeade Dr, Winston Salem, NC 27127

Spacious 3BR Ranch on a 0.47-Acre Corner Lot with Updates

3 Bed · 2 Bath · 1,622 Sq Ft

Single-story living with an updated kitchen, deck, and large yard

3

Beds

2

Baths

1,622

Sq Ft

1990

Built

0.47 acres

Lot

No Garage

Garage

About 4140 Willmeade Dr

This single-level ranch immediately stands out for its generous 0.47-acre corner lot and thoughtful updates — a rare combination in Fairview Estates. Approaching the home you’ll notice the wide frontage and mature yard, a flexible outdoor canvas that includes a covered porch, deck and established garden beds. With 1,622 square feet on one floor, the layout emphasizes comfortable, low-maintenance living and outdoor opportunities that extend the usable space well beyond the footprint of the house.

Inside, the kitchen has been modernized with solid-surface counters, a double oven and a wet bar — practical upgrades for everyday cooking and for hosting friends and family. Flooring transitions between wood, tile, vinyl and carpet define distinct living zones without sacrificing cohesion. The living room features a fireplace that anchors the floor plan, offering a warm focal point for gatherings and quiet evenings alike. Two bathrooms and three bedrooms keep household traffic simple and efficient.

Practical systems include a heat pump for heating and central cooling; the roof is shingle-style (roof age should be verified during inspection). There’s no attached garage, but the flat lot and driveway provide accessible parking and potential space for a future garage or outbuilding subject to zoning. Recent comparable sales on Willmeade Drive and nearby streets support a market value in the mid-$200s, making this well-updated ranch a compelling option for buyers who want outdoor room without the maintenance demands of a larger estate.

Beyond the property line, Fairview Estates delivers convenient access to neighborhood parks and everyday essentials. Hobby Park and Griffith Park sit just over a mile away, and West Clemmonsville Road is 0.2 miles from the property for quick commutes. Buyers with a flexible school plan or those focused on location and lot-size will find this house especially appealing. Whether you’re prioritizing immediate move-in readiness, rental potential, or a home with expansion possibilities, 4140 Willmeade Drive blends practical upgrades and rare lot size in a stable, balanced local market.

Home Highlights

Move-in ready conditionUpdated kitchen with double oven and wet barSpacious 0.47-acre corner lotSingle-story ranch with 1,622 SFCovered porch, deck, and garden areaFireplace and mixed flooring finishesEstimated market value midpoint $285,000Steady rental demand — estimated $1,600/month

Property Features

Interior Features

  • 3 bedrooms, 2 bathrooms
  • Updated kitchen with solid-surface counters
  • Double oven and wet bar
  • Fireplace in living area
  • Mixed flooring: wood, tile, vinyl, carpet
  • Single-story ranch layout
  • Central cooling and heat pump heating

Exterior & Lot

  • 0.47-acre corner lot (approx. 20,473 sq ft)
  • Covered front porch
  • Deck and garden space
  • Flat topography — easy yard use
  • Driveway parking for two
  • Shingle roof (age to be verified)

Location & Neighborhood

  • Fairview Estates neighborhood
  • 0.2 miles to West Clemmonsville Road
  • Hobby Park (1.0 mile) and Griffith Park (1.3 miles)
  • Local shops and dining nearby (Cake Ladies, Family Dollar)

Walkability & Recreation

  • Walkability Rating: 40/100 — Car-Dependent
  • Nearby parks and green spaces within 1.5 miles
  • Hobby Park (1.0 mi) and Griffith Park (1.3 mi)
  • Neighborhood routes for walking and casual bike rides
  • Community recreation within short drive

Neighborhood & Location

Fairview Estates is a residential pocket in southeast Winston-Salem that prioritizes quiet streets, mature yards and park access. Hobby Park and Griffith Park sit just minutes away, making weekend walks and youth sports convenient. Quick access to West Clemmonsville Road connects residents to shopping and commuting corridors, while local bakeries and small businesses serve daily needs. The community feels suburban and practical — appealing to buyers who value outdoor space, single-level living, and proximity to regional amenities. Note: public school ratings in the immediate zone trend below county averages, which some buyers factor into their decision.

Market Insights

The local market around 4140 Willmeade Dr is balanced with modest appreciation and relatively low inventory. Current Triad MLS figures show a median sale price of roughly $279,900, average days on market near 41, and about 2.5 months of inventory — conditions that neither heavily favor buyers nor sellers. Single-family ranches in Fairview Estates are moving steadily; recent comparable sales within a half-mile closed in the $235K–$265K range, with price-per-square-foot comparisons supporting an estimated value midpoint of $285,000 for this updated 1,622 SF ranch. Rental demand in the immediate area remains steady as well: market-derived rent-per-square-foot and the rental estimate peg monthly rent near $1,600, yielding roughly a 6.7% gross yield for investors.

For buyers, the current climate means reasonable negotiating room but not prolonged listings — expect typical days on market around six weeks. For sellers, well-maintained homes with desirable outdoor space and updates (like this property’s kitchen and wet bar) attract attention quickly. Important local variables include below-average public school ratings, which can influence family buyers, and the property’s attractive lot size, which adds resale appeal. Overall, this is a stable market to transact in, especially for buyers seeking value and outdoor space in Winston-Salem.

Nearby Schools

Kimmel Farm Elementary

Elementary

2/10

Flat Rock Middle

Middle

1/10

Parkland High

High

2/10

Walkability & Recreation

40
Walkability
72
Recreation

Good local park access with Hobby Park (1.0 mile) and Griffith Park (1.3 miles), plus neighborhood green space for walking and casual biking; easy drives to additional recreational amenities.

Investment Highlights

  • Updated kitchen with solid surface counters, wet bar, and double oven
  • 76% appreciation since 2020 purchase
  • Proximity to parks and local amenities
  • 0.47-acre corner lot provides ample outdoor space
  • Assessed value below market, indicating potential for further appreciation

Key Findings

  • County assessor shows 2020 purchase at $162,000 ($100/SF) — current estimate $285,000 ($176/SF)
  • Assessed value $160,000 (land $28K, improvements $132K) — annual taxes $2,244
  • Zoned RS9 — Residential Single Family
  • 3 comparable sales within 0.5 miles in last 6 months range $270K–$300K
  • Average days on market in area: 41 days (balanced market)

Things to Consider

  • Built in 1990 — roof age and condition should be inspected
  • Local schools have below-average ratings
  • Walkability Rating estimate: 40/100 — limited walkable amenities

Opportunity Analysis

Well-maintained ranch in a convenient Winston Salem neighborhood with modern updates and significant appreciation since last sale. Spacious lot and proximity to amenities enhance appeal. Balanced market conditions suggest stable investment potential.

Potential Use Scenarios

  • Potential primary residence with modern amenities
  • Opportunity for rental income given property condition and location
  • Monitor local school improvements to enhance family appeal

Risk Factors

  • 1990 construction — potential for aging systems requiring maintenance
  • Below-average school ratings may deter some family buyers
  • Limited walkability may affect lifestyle preferences

Buyers should conduct independent due diligence before making any purchase decisions.

AI Valuation Estimate

Low

$275K

Midpoint

$285K

High

$295K

$176/SF estimated price per square foot

82% confidence

Sales comparison approach using 3 comparable sales within 0.5 miles sold in last 6 months. Adjusted for lot size, condition, and bedroom count. Assessed value of $160K appears below market.

As of 2026-03-08

This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.

Market & Area Data

Market Trends

Area Median Price$279,900
Avg Days on Market41 days
Inventory2.5 months
1-Year Appreciation+5.0%

Demographics

Population (1 mi)10,000
Median Income (1 mi)$55,000

Steady population growth with increasing property values; Walkability Rating estimate: 40/100.

Nearby Points of Interest

  • Hobby Park (1.0 mi)
  • Griffith Park (1.3 mi)
  • Cake Ladies (0.6 mi)
  • Family Dollar (0.5 mi)

Proximity to parks and local amenities; Hobby Park and Griffith Park within 1.3 miles; local dining and shopping options nearby.

School District

DistrictWinston Salem/Forsyth County Schools
ElementaryKimmel Farm Elementary (2/10)
MiddleFlat Rock Middle (1/10)
HighParkland High (2/10)

Market data is based on aggregated public records and may not reflect real-time conditions.

Property Details

Building Details

Year Built1990
Constructionstick-built
Stories1
Roofshingle
Heatingforced warm air, heat pump
Coolingcentral, heat pump
Basementnone
FireplaceYes
Conditiongood

Lot & Site

Lot Size0.47 acres (20,473 SF)
Topographyflat
Parkingdriveway
Parking Spaces2
FrontageCorner lot with frontage on Willmeade Dr

Utilities

Waterpublic
Sewerpublic
ElectricDuke Energy
GasPiedmont Natural Gas

Zoning & Land Use

Zoning CodeRS9
DescriptionResidential Single Family
JurisdictionCity of Winston Salem

Allowed Uses

single familyaccessory dwelling unithome occupation
Current Useresidential
Assessor UseSingle Family Residential

Tax & Sale History

Tax Assessment

Total Assessed$160,000
Land$28,000
Improvements$132,000
Annual Tax (2024)$2,244

Sale History

2020-03-12$162,000

$100/SF

Arm's length transaction

1993-10-25$90,000

$56/SF

Arm's length transaction

Are You the Agent?

Claim this property page to feature your contact info and connect directly with buyers researching this address.

  • Listing agents can add photos and list price
  • Buyer's agents can capture buyer inquiries
  • Your name, brokerage, and contact on the page
Claim This Listing — $15

One-time fee. Your info appears on this page across CompCasa.

Looking to Buy or Sell?

Connect with a licensed local agent who knows this area.

Find a Local Agent

CompCasa is a marketing and technology platform. All brokerage services are provided by licensed partners.

Request a Showing