Looking for an easy to rent, east to manage rental with a great return? Look no further! This student rental is oh so close to the heart of Elon University and leases itself due to a long term relationship with University fraternity. Recent upgrades include LVT flooring in common areas, new roof on the rear portion of the home, HVAC four years old. Fenced yard. Home is well maintained. Crawl space structurally reviewed and repaired. Lease in place, June 1 2024-May 31 2025) at $2,400/mo. Factoring in all expenses, cap rate is 9.0%! Management is a breeze with existing property management relationship that bills on an hourly basis.
Sold for $227,000
$227,000
104 Summers Dr, Elon, NC 27244
3beds
1,107sqft
Single Family Residence, Residential
Built in 1950
0.25 Acres Lot
$237,500 Zestimate®
$205/sqft
$1,551 Estimated rent
Home value
$237,500
$226,000 - $249,000
$1,551/mo
Zestimate® history
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$1,455/mo
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$1,455/mo
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Zillow last checked:
Listing updated:
Listed by:
Ed W Billings 919-423-6627,
Compass -- Chapel Hill - Durham
Bought with:
Non Member
Non Member Office
Source: Doorify MLS,MLS#: 10027072
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Central, Propane
Cooling
- Central Air, Gas
Appliances
- Included: Dishwasher, Electric Oven, Range, Refrigerator, Washer/Dryer, Water Heater
Features
- Flooring: Carpet, Laminate
Interior area
- Total structure area: 1,107
- Total interior livable area: 1,107 sqft
- Finished area above ground: 1,107
- Finished area below ground: 0
Property
Parking
- Total spaces: 3
- Parking features: Gravel
- Uncovered spaces: 3
Features
- Levels: One
- Stories: 1
- Fencing: Wood
- Has view: Yes
Lot
- Size: 0.25 Acres
- Features: Level
Details
- Parcel number: 109486
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence, Residential
Materials
- Vinyl Siding
- Foundation: Block
- Roof: Shingle
Condition
- New construction: No
- Year built: 1950
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Sewer Connected, Water Connected
Community & HOA
Community
- Subdivision: Boone Station
HOA
- Has HOA: No
Location
- Region: Elon
Financial & listing details
- Price per square foot: $205/sqft
- Tax assessed value: $179,718
- Annual tax amount: $1,398
- Date on market: 5/3/2024
- Lease term: 12 Months
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 7/12/2024 | Sold | $227,000-5%$205/sqft |
Source:  Doorify MLS #10027072 Report a problem | ||
| 6/17/2024 | Pending sale | $239,000$216/sqft |
Source: Doorify MLS #10027072 Report a problem | ||
| 5/30/2024 | Price change | $239,000-7.7%$216/sqft |
Source: Doorify MLS #10027072 Report a problem | ||
| 5/3/2024 | Listed for sale | $259,000$234/sqft |
Source: Doorify MLS #10027072 Report a problem | ||
| 1/11/2024 | Listing removed | -- |
Source: Doorify MLS #10002197 Report a problem | ||
| 12/18/2023 | Pending sale | $259,000$234/sqft |
Source: Doorify MLS #10002197 Report a problem | ||
| 12/14/2023 | Listed for sale | $259,000+61.9%$234/sqft |
Source: Doorify MLS #10002197 Report a problem | ||
| 6/25/2021 | Sold | $160,000+46.8%$145/sqft |
Source: Public Record Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 1/6/2020 | Sold | $109,000+131.9%$98/sqft |
Source: Doorify MLS #106258 Report a problem | ||
| 1/6/2020 | Listing removed | $1,200$1/sqft |
Source: Owner Report a problem | ||
| 12/22/2019 | Price change | $1,200-20%$1/sqft |
Source: Owner Report a problem | ||
| 12/15/2019 | Listed for rent | $1,500$1/sqft |
Source: Owner Report a problem | ||
| 3/22/2013 | Sold | $47,000-6%$42/sqft |
Source: Public Record Report a problem | ||
| 8/4/2012 | Listed for sale | $50,000$45/sqft |
Source: WHITFIELD PROPERTIES #72710 Report a problem | ||
| 6/24/2012 | Listing removed | $50,000$45/sqft |
Source: WHITFIELD PROPERTIES #72710 Report a problem | ||
| 2/8/2012 | Price change | $50,000-9.1%$45/sqft |
Source: WHITFIELD PROPERTIES #72710 Report a problem | ||
| 12/11/2011 | Listed for sale | $55,000$50/sqft |
Source: WHITFIELD PROPERTIES #72710 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $843 +8.6% | $179,718 |
| 2023 | $776 +106.6% | $179,718 +210.9% |
| 2022 | $376 -1.5% | $57,805 |
| 2021 | $382 | $57,805 |
| 2020 | -- | $57,805 |
| 2019 | $387 | $57,805 |
| 2018 | -- | $57,805 |
| 2017 | -- | $57,805 +5% |
| 2016 | $318 | $55,040 |
| 2015 | $318 | $55,040 |
Find assessor info on the county website
Neighborhood: 27244
Nearby homes
- $140,9000.264 Acres106 Summers Dr, Elon, NC 27244Off Market
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Nearby schools
GreatSchools rating
- 5/10Elon ElementaryGrades: K-5Distance: 1.7 mi
- 6/10Western MiddleGrades: 6-8Distance: 4.4 mi
- 7/10Western Alamance HighGrades: 9-12Distance: 3.9 mi
Schools provided by the listing agent
- Elementary: Alamance - Elon
- Middle: Alamance - Western
- High: Alamance - West Alamance
Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$237,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$237,500
- North Carolina
- Alamance County
- Elon
- 27244
- 104 Summers Dr
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