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3492 Waterwheel Cir, Winston Salem, NC, 27103

2beds
2baths
1,801sqft
$400,000
$222price/sqft
$2,743/moest. monthly cost
$109,720/yrincome needed

About This Home

One-level townhome with no steps and a flexible floor plan in a popular Winston-Salem community. This well-maintained home offers 2 bedrooms and 2 full baths, with the seller choosing a formal dining room instead of the original third bedroom—creating a great space for hosting dinners or gatherings. The living room features a cozy fireplace and connects easily to the kitchen and dining areas for comfortable everyday living. A bright sunroom adds additional living space and works well as a sitting area, office, or hobby room. The seller later added a screened porch with stamped concrete flooring, providing a relaxing outdoor retreat. Pella replacement windows installed within the last five years add efficiency and peace of mind. The primary suite offers an en-suite bath and generous closet space. Attached garage and low-maintenance living in a convenient location close to shopping, dining, and everyday amenities. This house is ready to call home!!

Getting Around

23
WalkingCar-Dependent
0
TransitVery Limited Transit
28
BikeSomewhat Bikeable

Schools

4/10
Ward ElementaryGrades PK-52.4 mi
4/10
Clemmons MiddleGrades 6-82.3 mi
3/10
Parkland HighGrades 9-123.0 mi

Construction

Condition

  • Year built: 2005

Materials

  • Foundation: Slab
  • Construction materials: Brick,Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Property subType: Stick/Site Built,Residential,Single Family Residence

Interior

Appliances

  • Appliances included: Microwave,Dishwasher,Free-Standing Range,Gas Water Heater
  • Laundry features: Main Level

Bedroom2

  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2
  • Main level bathrooms: 2

Breakfast

  • Level: Main

Dining Room

  • Level: Main

Features

  • Ceiling Fan(s),Dead Bolt(s)
  • Flooring: Carpet,Tile,Vinyl
  • Number of fireplaces: 1
  • Fireplace features: Gas Log,Living Room
  • Fireplace: Yes
  • Finished area above ground: 1,801

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,801
  • Total interior livable area: 1,801 sqft

Kitchen

  • Level: Main

Laundry

  • Level: Main

Living Room

  • Level: Main

Master Bedroom

  • Level: Main

Sunroom

  • Level: Main

Property

Details

  • Parcel number: 6814206515000
  • Zoning: RM5-S
  • Special condition: Owner Sale

Features

  • Levels: One
  • Stories: 1
  • Pool features: Community

Lot

  • Lot size: 0.90 Acres
  • Features: City Lot,Not in Flood Zone

Parking

  • Total spaces: 2
  • Parking features: Garage,Attached
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingRelatively High
  • Ice Storm
    Ice StormRelatively High
  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Hurricane
    HurricaneModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Inland Flooding
Ice Storm
Tornado
Cold Wave
Hail
Hurricane
Lightning
Strong Wind
Winter Weather

FEMA Declared Disasters in Forsyth County and North Carolina

Flood
Hurricane
Mud Landslide
Severe Storm
Tropical Depression
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,022$24,264
Home Insurance *$158$1,896
Property Taxes $363$4,356
Electricity $200$2,405
Total$2,743$32,916
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$94,045/yr
40% on housing$82,290/yr
45% on housing$73,146/yr

North Carolina FAIR Plan Programs

North Carolina Joint Underwriting Association - FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

NCIUA - Coastal Property Insurance Pool (CPIP)

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 235,990Commercial: 10,165
Total Premiums$278.20M
Total Exposure$57.33B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.9%
8.9%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: -0.5%
-0.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$222This listing

vs Other Active Listings

Avg $/sqft

ZIP 27103$136
Forsyth County$156

vs Homes Sold Last Month

Median $/sqft

ZIP 27103$181
Forsyth County$168

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-06Price change$400,000
2026-03-14Listed for sale$419,500
2005-08-08Sold$209,000

For Sale by Agent

AgentJohn H. McPherson Jr.
BrokerageColdwell Banker Advantage

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