NOT LISTED FOR SALE

406 Westgate Dr Elon, NC 27244

Estimated Value: $218,000 - $287,000

2 Beds
1 Bath
1,400 Sq Ft
$171/Sq Ft Est. Value

Last Sold December 28, 2023

Last sale price $34,000 $24 Per Sq Ft

Est. 605% increase in value since last sale

Current estimated payment $1,321/month

67 Days on Market

About This Home

As of December 2023

Cute Cape Cod in need of renovation. Corner lot in sought after area. Total SF does not reflect rooms with ceiling height under 7ft. Property is owned by US Department of HUD, case 381-739849. FHA Financing is UI. Uninsured Renovation loan. Subject to Appraisal. HUD homes are sold AS-IS. Equal Housing Opportunity. Seller makes no representation or warranty as to the property condition. Seller may contribute up to 3% toward buyer's closing costs upon buyer request. Owner-Occupant borrower may qualify for $100 down payment with FHA, FHA 203b, and FHA 203k financing.

Last Agent to Sell the Property

Paula Fields

My Favorite Realty, Inc License #243993 Listed on: 09/01/2023

Last Buyer's Agent

NONMEMBER NONMEMBER

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1920

Lot Details

  • 0.41 Acre Lot
  • Property is zoned 1 RA-15

Parking

  • Gravel Driveway

Home Design

  • Cape Cod Architecture
  • Vinyl Siding

Interior Spaces

  • 1,267 Sq Ft Home
  • 1,100-1,400 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Wall Furnace
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 108997
  • 0% Total Tax Rate

Home Details

Home Type

Single Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size Acres: 0.413
  • Subdivision Name: None
  • Directions: Take I-85 N to University Dr, exit 140, in Burlington. Turn right onto US-70 E/S Church St. Turn left onto Westbrook Ave. Turn right onto Westgate Drive. House is on the left.
  • Above Grade Finished Sq Ft: 1267
  • Architectural Style: Cape Cod
  • Unit Levels: One
  • Structure Type: House
  • Year Built: 1920
  • TRIADMLS_PrimaryOnMainYN: Yes
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 1100 - 1400
  • TRIADMLS_CityLimitsYN: Yes
  • TRIADMLS_BuiltInformation: Existing
  • TRIADMLS_FencedYN: No
  • TRIADMLS_AdCopy: Paula Fields 336-543-8683 PFields2@triad.rr.com HUDhomestore.com RaineCompany.com My Favorite Realty Inc.
  • Special Features: None

Interior Features

  • Has Basement: Crawl Space
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Living Area: 1267
  • Main Level Bathrooms: 1
  • TRIADMLS_FullBathsMain: 1
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: No

Exterior Features

  • Fencing: None
  • Lot Features: City Lot
  • Pool Features: None
  • Construction Type: Vinyl Siding
  • TRIADMLS_PoolYN: No

Garage/Parking

  • Parking Features: Driveway, Gravel

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Wall Furnace, Natural Gas
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Natural Gas
  • Water Heater: Unknown
  • Energy Features: None

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 108997
  • Zoning: 1 RA-15
  • TRIADMLS_PlatPage: 0020
  • TRIADMLS_PlatBook: 005
  • TRIADMLS_AcresRange: 0 - 0

Tax Info

  • Tax Annual Amount: 1185.6
  • Tax Year: 2022
  • TRIADMLS_TaxRate: 0.432

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 22, 2025
Sold by
Flack David Elliott and Flack Amy Christine
Bought by
Dont Say Panda Trust
Current Estimated Value
$239,640

Purchase Details

Listed on
Sep 1, 2023
Closed on
Dec 28, 2023
Sold by
Secretary/Housing & Urban Dev
Bought by
Flack David
Seller's Agent
Paula Fields
My Favorite Realty, Inc
Buyer's Agent
NONMEMBER NONMEMBER
List Price
$35,000
Sold Price
$34,000
Premium/Discount to List
-$1,000
-2.86%
Views
243

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
166.79%

Purchase Details

Closed on
Aug 3, 2021
Sold by
Sexton Martha J
Bought by
Secretary Of Housing & Urban Development

Purchase Details

Closed on
Nov 11, 1998
Sold by
Sexton Thomas N
Bought by
Sexton Martha Y

Purchase Details

Closed on
Sep 1, 1992
Bought by
Sexton Martha J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Dont Say Panda Trust -- None Listed On Document
Dont Say Panda Trust -- None Listed On Document
Flack David -- None Listed On Document
Flack David -- None Listed On Document
Secretary Of Housing & Urban Development -- None Available
Sexton Martha Y -- --
Sexton Martha J -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/28/2023 12/28/23 Sold $34,000 -2.9% $31 / Sq Ft
11/08/2023 11/08/23 Pending -- -- --
11/08/2023 11/08/23 For Sale $35,000 0.0% $32 / Sq Ft
10/31/2023 10/31/23 Pending -- -- --
10/31/2023 10/31/23 For Sale $35,000 0.0% $32 / Sq Ft
10/20/2023 10/20/23 Pending -- -- --
10/20/2023 10/20/23 For Sale $35,000 0.0% $32 / Sq Ft
09/05/2023 09/05/23 Pending -- -- --
09/01/2023 09/01/23 For Sale $35,000 -- $32 / Sq Ft
Source: Triad MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $749 $151,614 $40,000 $111,614
2024 $711 $151,614 $40,000 $111,614
2023 $1,180 $151,614 $40,000 $111,614
2022 $900 $82,200 $35,000 $47,200
2021 $908 $82,200 $35,000 $47,200
2020 $916 $82,200 $35,000 $47,200
2019 $919 $82,200 $35,000 $47,200
2018 $0 $82,200 $35,000 $47,200
2017 $847 $82,200 $35,000 $47,200
2016 $859 $85,895 $35,000 $50,895
2015 $496 $85,895 $35,000 $50,895
2014 $458 $86,859 $35,000 $51,859
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Triad MLS

MLS Number: 1118009

Triad MLS

APN: 108997