INNOVATE Real Estate
Stick/Site Built at 116 Cheltenham Drive, Winston-Salem NC 27103
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31 photos

$220,000

116 Cheltenham Drive, Winston-Salem NC 27103
Winston-Salem, NC 27103
Listed by Joanna O'Neal
Bedrooms
3
Bathrooms
2
Living area
1,443 sqft
Year built
1973

About this home

SELLER CONCESSION AVAILABLE WITH REASONABLE OFFER!! A great location with plenty of potential! This 3-bedroom, 2-bath home is tucked away in a convenient Winston-Salem location, close to shopping, restaurants, grocery stores, medical facilities and major roadways. Enjoy being near Thruway Shopping Center, Harris Teeter, Trader Joe’s, Stratford Road and Hanes Mall, with easy access to I-40. Situated at the end of the row, the home offers a fenced backyard, storage shed, covered carport, additional flex space that could be used as a den or office, and NO HOA! The interior is ready for renovation, making this a great opportunity for someone looking to create a home of their own or add value in a well-located area. Bring your vision and make this one yours!

Property details

MLS
Triad MLS
MLS #
1235620
Property type
Stick/Site Built
Subdivision
Salem Meadows
Status
Active
Days on market
28
On market date
September 25, 2026
Stories
N/A
Total bathrooms
2
Garage spaces
1
Parking spaces
N/A
Lot size
0.29 acres

Location

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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Ward Elementary
2.03 mi away · Grades -1-5
Zoned school (attendance boundary, 2015-16 data)
3.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
541
Student:teacher ratio
15.0:1
District
Winston Salem / Forsyth County Schools
Middle
Clemmons Middle School
1.94 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
1.3
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: F (2025)
Enrollment
1,166
Student:teacher ratio
18.2:1
District
Winston Salem / Forsyth County Schools
High
Early College of Forsyth Co
3.95 mi away · Grades 9-12
Zoned school (attendance boundary, 2015-16 data)
3.8
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: A (2025)
Enrollment
260
Student:teacher ratio
28.9:1
District
Winston Salem / Forsyth County Schools

Walkability

Blended score for Winston-Salem's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). EPA National Walkability Index only -- nearby-amenity data not cached yet for this area.

23
Car-dependent
out of 100
EPA National Walkability Index
4.5 / 20 -- Least walkable

Market position

How this listing compares to current activity in Winston-Salem, from live MLS data.

On the market 28 days -- 58 fewer days than Winston-Salem's current average of 86 days.
For reference, the median list price across 1,616 active listings in Winston-Salem right now is $275,000.

Mortgage calculator

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Est. monthly payment
$1,475/mo
$44,000 down
$176,000 loan
Principal & interest$1,142
Property tax (est.)$183
Home insurance (est.)$150

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Data source: Listing information provided by Triad MLS via Trestle/CoreLogic. Last updated 3 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.