Fully updated ranch on a private, wooded 0.92-acre lot in sought-after Old Sherwood Forest. Every detail has been renovated with high-quality materials—all work permitted. Open-concept living and dining flows into a beautifully appointed kitchen. French doors and plantation shutters bring in natural light throughout. A cozy den and a bright, windowed bonus room add flexible living space. Primary suite is on the main level for easy one-story living. 3 bedrooms, 4 full baths, plus a finished basement with second laundry and inside parking for two cars. Enjoy a large elevated deck overlooking the wooded lot, with stairs down to a secluded stone patio beneath the trees. The private lower-level suite—with its own entrance, full kitchenette, gas fireplace, and off-street parking—has operated as a highly profitable Airbnb, offering turnkey rental income or multigenerational living.
Single-familyProperty Type
1958Year Built
0.92 acresLot Size
$246Price/Sq.Ft.
2 car garageParking
Listed by David Shatzman• Keller Williams Realty Elite
Old Sherwood Forest, located between Reynolda Road and Silas Creek Parkway, is a residential and historic Winston-Salem neighborhood with winding streets and mid-century architecture. The character concentrates around the Reynolda Road corridor near the Reynolda Village shops, where brick storefronts, galleries, and cafe patios set a polished, walkable rhythm. Architectural lines lean toward ranches and split-levels under mature trees, with a quiet, established streetscape. Reynolda House Museum of American Art and the Southeastern Center for Contemporary Art anchor the cultural calendar nearby. Reynolda Gardens adds a landscaped, seasonal backdrop for afternoon loops. Wake Forest University edges the area with collegiate energy and green space.
Provided by Walk Score and Local Logic
Market insights
706 Chester Rd · $629,000
DAYS ON MARKET
15 days
The average home goes pending in 43 days.
SALE-TO-LIST
98.2%
Most homes are selling 2% below list price.
LIST PRICE
$629,000
Median sale price in this area is $339,063. (46% lower than this home)
PRICE DROP
0 price drops
24% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Primary bedroom on the main level
In-law floorplan
Pantry
Solid surface counters
Permanent stairs to attic
Bathrooms
4 full bathrooms
Kitchen
Microwave
Oven
Cooktop (including gas cooktop)
Range hood
Dishwasher
Disposal
Exhaust fan
Laundry & utility
Washer/dryer connections on main level and in basement
Second washer and second dryer connections
Electric water heater
Flooring
Wood flooring
Heating & cooling
Central air
Dual fuel heating system
Heat pump
Forced air
Fireplaces for supplemental heat (2 fireplaces)
Electric and natural gas heating fuel
Exterior features
Garden
City lot
Public maintained road
Home design
Residential stick/site-built house
One level
Built in 1958
Has attached second living quarters
Parking
Basement garage
2 garage spaces
Driveway and garage parking
Security
Security lights
Construction
Brick and wood siding construction
Existing structure
2 fireplaces (basement and living room)
Utilities
Public water
Public sewer
Electric water heater
HOA & community
No association
Subdivision: Sherwood Forest
Electricity and solar
View estimated energy costs and solar savings for this home
Late 50's brick ranch in established neighborhood.
Triad MLS #883258
Jul 26, 2018
Sold
$235,000
$92/sq ft
Jul 14, 2018
Pending
—
Jun 19, 2018
Contingent
—
Jun 10, 2018
Relisted
—
May 25, 2018
Contingent
—
May 11, 2018
Price Changed
$239,900
$94/sq ft
Apr 30, 2018
Price Changed
$249,900
$98/sq ft
Apr 20, 2018
Listed
$259,900
$102/sq ft
+19
Back on the Market! Hardwoods Refinished in Bedrooms! Opportunity awaits with this well maintained ranch in beautiful Sherwood Forest. Move right in or bring your imagination and unlock this homes potential. Features include: Hardwoods; Plantation Shutters; Full master bath; Fireplace; Wrap-around Driveway; Newer Roof; Gutter guards; walk-up attic storage; and much more! Did we mention the large private lot within walking distance of parks and Sherwood Elementary? Don't wait! Schedule your showing today!
Year
Property tax
Land + Additions
Assessment*
2025
$4,595 (+18.7%)
$100,000 + $316,900
$416,900
2024
$3,872 (+10.2%)
$85,000 + $191,000
$276,000
2022
$3,513 (+1.8%)
$85,000 + $182,400
$267,400
2021
$3,450 (+5.0%)
$85,000 + $182,400
$267,400
2020
$3,285 (+7.7%)
$85,000 + $152,900
$237,900
2019
$3,050 (+5.3%)
$85,000 + $134,300
$219,300
2018
$2,897
$85,000 + $134,300
$219,300
2017
$2,897 (+9.8%)
$85,000 + $134,300
$219,300
2016
$2,637 (+1.5%)
$85,000 + $134,300
$219,300
2015
$2,597 (+3.1%)
$85,000 + $115,422
$200,422
2014
$2,518
$85,000 + $115,422
$200,422
Public record
Public record
Zoning
Beds
3
Baths
3.5
Stories
1
Lot width
—
Lot depth
—
Lot size
0.92 Acres
Year renovated
1993
Finished Sq. Ft.
2,470
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,470
Year built
1958
Style
Single Family Residential
County
Forsyth County
APN
6815095841
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 17, 2026.
RS9
Residential Single Family District
The RS-9 District is primarily intended to accommodate relatively high density single family detached dwellings in urban areas.; This district is intended for application in GMAs 2 and 3 and may be suitable in Metro Activity Centers where public facilities, including public water and sewer, public roads, parks, and other governmental support services, are available.
Permitted uses
Include but are not limited to:
Livestock production
Religious facility
Housing-Group
Housing-Single unit
Fire house
Police station
Recreation
Agriculture-Cropland
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 102° expected this year, 16 days in 30 years
4/10 Wind Factor
9% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Winston Salem, NC • 27104
Average low and high temperatures (°F)
46
28
53
34
69
44
75
53
77
57
87
67
90
73
81
67
80
63
71
51
63
43
51
33
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
96/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 26% for direct sun exposure in the zip code. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.3 hrs
6.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 706 Chester Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $445,000 and $655,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $445K to $655K.