INNOVATE Real Estate
Stick/Site Built at 518 Cascade Avenue, Winston-Salem NC 27127
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$298,800

518 Cascade Avenue, Winston-Salem NC 27127
Winston-Salem, NC 27127
Listed by Dee Priddy
Bedrooms
2
Bathrooms
1
Living area
842 sqft
Year built
1953

About this home

Central Air to be installed prior to settlement date. Best location in eclectic Washington Park by Bull Creek Construction & Development! Hardwood floors throughout with so many vintage characteristics, yet modern Viking Appliances, clean WiFi, calm lighting, living room built-in cabinetry, dedicated coffee bar and island in kitchen. Furnished option available with easy bedroom(s)-work area-living transition-modern bath-living rooms. Newly upfitted spacious 842 sf basement with enclosed office. Newly landscaped with a generous secluded fenced backyard for privacy or entertaining, fire pit, grilling or just hanging out! Convenient to Reynolda Village and Gardens. Close to WFU & Hospital, directly across from iconic historic Gilmer House, Washington Park walking/trail, access to downtown, UNCSA, Old Salem, breweries, restaurants, Dash, groceries, gyms and logistically between highways I-73,85,40 & 77. Do not miss this opportunity to own in one of the most sought after neighborhoods!

Property details

MLS
Triad MLS
MLS #
1233296
Property type
Stick/Site Built
Subdivision
Washington Park
Status
Active
Days on market
47
On market date
August 26, 2026
Stories
N/A
Total bathrooms
1
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.21 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
Diggs-Latham Elementary
0.59 mi away · Grades -1-5
Zoned school (attendance boundary, 2015-16 data)
3.6
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
452
Student:teacher ratio
11.9:1
District
Winston Salem / Forsyth County Schools
Middle
Philo-Hill Magnet Academy
1.28 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
377
Student:teacher ratio
11.8:1
District
Winston Salem / Forsyth County Schools
High
Early College of Forsyth Co
1.37 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). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

76
Walkable
out of 100
EPA National Walkability Index
12.7 / 20 -- Above average walkable
Google Places amenity density
95 / 100
Restaurants & cafes20
Grocery stores14
Parks9
Schools14
Transit stops20
Pharmacies1

Market position

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

On the market 47 days -- 39 fewer days than Winston-Salem's current average of 86 days.
For reference, the median list price across 1,648 active listings in Winston-Salem right now is $275,000.

Mortgage calculator

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Est. monthly payment
$1,949/mo
$59,760 down
$239,040 loan
Principal & interest$1,550
Property tax (est.)$249
Home insurance (est.)$150

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Data source: Listing information provided by Triad MLS via Trestle/CoreLogic. Last updated 17 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.