NOT LISTED FOR SALE

553 Olsen Dr Elon, NC 27244

Estimated Value: $421,000 - $447,000

5 Beds
3.5 Baths
3,100 Sq Ft
$139/Sq Ft Est. Value

Last Sold November 01, 2019

Last sale price $276,000 $89 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $2,487/month

65 Days on Market

Highlights

  • Wood Flooring
  • 2 Car Attached Garage
  • Forced Air Heating and Cooling System
  • Porch
  • Kitchen Island
  • Ceiling Fan

About This Home

As of November 2019

Plenty of room for the entire family and entertaining. Like new home with a mini master bedroom downstairs and a larger master bedroom upstairs! New wood plank flooring on the lower level. A large eat in kitchen with built in desk and an open floor plan with great room perfect for family time and entertaining. Lovely granite counter tops in the kitchen plus a fireplace with a blower perfect for fall and winter. This home has everything all it needs is you!

Last Agent to Sell the Property

Selena Jones

ALMAJANNIE REALTY, LLC License #245706 Listed on: 07/19/2019

Last Buyer's Agent

NONMEMBER NONMEMBER

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,418

Year Built

  • Built in 2017

Lot Details

  • 8,712

HOA Fees

  • $30 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 2,883 Sq Ft Home
  • 2,500-3,100 Sq Ft Home
  • Property has 2 Levels
  • Ceiling Fan
  • Great Room with Fireplace

Kitchen

  • Free-Standing Range
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Separate Shower

Laundry

  • Laundry on upper level
  • Dryer Hookup

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Electric Water Heater

Additional Features

  • Porch
  • 8,712 Sq Ft Lot

Community Details

  • Cable Square Subdivision

Listing and Financial Details

  • Tax Lot 107
  • Assessor Parcel Number 172608
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,418

Year Built

Built in 2017

Lot Details

0

HOA Fees

$30 per month

Parking

2

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size Acres: 0.2
  • Lot Size: 0.2
  • Subdivision Name: Cable Square
  • Directions: I85/40 exit 140; University Drive. North on University, Left on Shallowford Church Rd, Left on Elon Ossippee, Left on Stone Gables, Right on Olsen.
  • Above Grade Finished Sq Ft: 2883
  • Unit Levels: Two
  • Structure Type: House
  • Year Built: 2017
  • TRIADMLS_PrimaryOnMainYN: No
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 2500 - 3100
  • TRIADMLS_PorchYN: Yes
  • TRIADMLS_BuiltInformation: Existing
  • TRIADMLS_FencedYN: No
  • Special Features: None

Interior Features

  • Appliances: Microwave, Dishwasher, Disposal, Slide-In Oven/Range, Range Hood, Electric Water Heater
  • Flooring: Carpet, Vinyl, Wood
  • Interior Amenities: Great Room, Guest Quarters, Ceiling Fan(s), Soaking Tub, In-Law Floorplan, Kitchen Island, Pantry, Separate Shower
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Blower Fan, Gas Log, Great Room
  • Fireplaces: 1
  • Living Area: 2883
  • Main Level Bathrooms: 2
  • TRIADMLS_FullBathsMain: 1
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: No
  • TRIADMLS_HalfBathsMain: 1
  • TRIADMLS_FullBathsUpper: 2

Exterior Features

  • Exterior Features: Garden
  • Fencing: None
  • Pool Features: None
  • Construction Type: Brick, Vinyl Siding
  • TRIADMLS_PoolYN: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Garage, Paved, Driveway, Attached
  • Garage Description: Attached Garage

Utilities

  • Sewer: Public Sewer
  • Laundry Features: Dryer Connection, Laundry Room - 2nd Level, Washer Hookup
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Natural Gas
  • Water Heater: Electric

Condo/Co-op/Association

  • Association Fee: 30
  • Association Fee Frequency: Monthly
  • Association: Yes

Lot Info

  • Parcel #: 172608
  • Zoning: Single Family
  • TRIADMLS_PricePerAcre: 1395000
  • TRIADMLS_PlatPage: 0048
  • TRIADMLS_DeedPage: 0814
  • TRIADMLS_DeedBook: 3633
  • TRIADMLS_PlatBook: 077
  • TRIADMLS_AcresRange: 0 - 0

Tax Info

  • Tax Annual Amount: 2418.19
  • Tax Lot: 107
  • Tax Year: 2018
  • TRIADMLS_TaxRate: 0.67

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2019
Closed on
Oct 24, 2019
Sold by
Wang Shao Dong and Zheng Feng
Bought by
Dark Cassandra
Seller's Agent
Selena Jones
ALMAJANNIE REALTY, LLC
Buyer's Agent
NONMEMBER NONMEMBER
Sold Price
$276,000
Current Estimated Value
$432,156

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$156,156
Avg. Annual Appreciation
7.94%
Original Mortgage
$285,108
Interest Rate
3.7%
Mortgage Type
VA

Purchase Details

Listed on
Jul 21, 2016
Closed on
Feb 1, 2017
Sold by
Hillcrest Partners Llc
Bought by
Wang Shao Dong and Zheng Feng
Seller's Agent
Tara Davis
WINDSOR REAL ESTATE GROUP
Buyer's Agent
Tara Davis
WINDSOR REAL ESTATE GROUP
List Price
$221,258
Sold Price
$221,258

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.57%
Original Mortgage
$125,000
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 19, 2016
Sold by
Stone Gables Partners Llc A North Caroli
Bought by
Hillcrest Partners Llc A North Carolina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,700
Interest Rate
3.41%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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List Price
Sold Price
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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
Dark Cassandra $276,000 The South Mountain Group Inc
Wang Shao Dong $222,000 Attorney
Hillcrest Partners Llc A North Carolina $42,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dark Cassandra $322,100
Closed Dark Cassandra $285,108
Previous Owner Wang Shao Dong $125,000
Previous Owner Hillcrest Partners Llc A North Carolina $177,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2019 11/01/19 Sold $276,000 +24.7% $110 / Sq Ft
02/21/2017 02/21/17 Sold $221,258 0.0% --
01/22/2017 01/22/17 Pending -- -- --
07/21/2016 07/21/16 For Sale $221,258 -- --
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 $1,862 $377,012 $50,000 $327,012
2024 $1,768 $377,012 $50,000 $327,012
2023 $2,933 $377,012 $50,000 $327,012
2022 $2,545 $232,518 $40,000 $192,518
2021 $2,568 $232,518 $40,000 $192,518
2020 $2,591 $232,518 $40,000 $192,518
2019 $2,599 $232,518 $40,000 $192,518
2018 $0 $232,518 $40,000 $192,518
2017 $915 $158,501 $40,000 $118,501
2016 $340 $34,000 $34,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Selena Jones

    Seller's Agent in 2019

    Selena Jones

    ALMAJANNIE REALTY, LLC

    (336) 252-8947

    41 Total Sales

    Selena Jones
    Section Image

  • N

    Buyer's Agent in 2019

    NONMEMBER NONMEMBER

  • T

    Seller's Agent in 2017

    Tara Davis

    WINDSOR REAL ESTATE GROUP

    (336) 516-0118

    83 Total Sales

    Tara Davis
    Section Image
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Map

Source: Triad MLS

MLS Number: 941101

Triad MLS

APN: 172608

North Carolina Alamance County Elon 27244

553 Olsen Dr, Elon, NC

This home is located at 553 Olsen Dr, Elon, NC 27244 since 19 July 2019 and is currently estimated at $432,156, approximately $139 per square foot. This property was built in 2017. 553 Olsen Dr is a home located in Alamance County with nearby schools including Western Alamance Middle School, Western Alamance High School, and The Burlington School.

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