NOT LISTED FOR SALE

608 E College Ave Elon, NC 27244

Estimated Value: $326,000 - $398,000

4 Beds
2 Baths
1,658 Sq Ft
$218/Sq Ft Est. Value

Last Sold September 08, 2022

Last sale price $865,000 $522 Per Sq Ft

Current estimated payment $1,964/month

4 Days on Market

Highlights

  • Cape Cod Architecture
  • 1 Fireplace
  • Forced Air Heating and Cooling System
  • Wood Flooring
  • No HOA

About This Home

As of September 2022

Great opportunity for investors! Properties are always leased out! 1 min drive or 8 min walk to Elon University.

Last Agent to Sell the Property

Vandan Gandhi, CCIM

Keller Williams Elite Realty License #247850 Listed on: 07/08/2022

Keller Williams Elite Realty

Last Buyer's Agent

Michael Gray

NorthGroup Real Estate, Inc. License #244411

NorthGroup Real Estate, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,608

Year Built

  • Built in 1937

Lot Details

  • 0.49 Acre Lot

Parking

  • Gravel Driveway

Home Design

  • Cape Cod Architecture
  • Masonite

Interior Spaces

  • 1,658 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace

Flooring

  • Wood
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Schools

  • Elon Elementary School
  • Western Middle School
  • West Alamance High School

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,608

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Year Built: 1937
  • Prop. Type: Residential
  • Subdivision Name: Not in a Subdivision
  • Above Grade Finished Sq Ft: 1658.0
  • Architectural Style: Cape Cod
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Contract Information Ownership Type: Other
  • General Property Information Lot Size Dimensions: 0
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: Yes
  • Cooling Central Air: Yes
  • Flooring Luxury Vinyl: Yes
  • Structure Type Site Built: Yes
  • Flooring Hardwood: Yes
  • Levels Two: Yes
  • Remarks and Miscellaneous Syndication Remarks2: Great opportunity for investors! 1 min drive or 8 min walk to Elon University. Email broker for showings.
  • General Property Information Above Grade Finished Area: 1658.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 21344.4
  • General Property Information Lot Size Acres: 0.49
  • General Property Information:Living Area3: 1658.0
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Hardwood, Luxury Vinyl
  • Appliances: Electric Water Heater
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplaces: 1
  • Appliances:Electric Water Heater: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Acres: 0.49
  • Construction Type: Masonite
  • Construction Materials:Masonite: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway, Gravel
  • Parking Features:Driveway: Yes
  • Parking Features:Gravel: Yes

Utilities

  • Heating: Electric, Forced Air
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Electric4: Yes
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Ninth Grade High School: Alamance - West Alamance
  • Middle Or Junior School: Alamance - Western

Lot Info

  • Lot Dimensions: 0
  • Lot Size Sq Ft: 21344.4
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1608.0

MLS Schools

  • Elementary School: Alamance - Elon

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2022
Closed on
Sep 8, 2022
Sold by
Lacey Mary L and Schlosser Robert
Bought by
Campus Walk Elon Llc
Seller's Agent
Vandan Gandhi, CCIM
Keller Williams Elite Realty
Buyer's Agent
Michael Gray
NorthGroup Real Estate, Inc.
List Price
$895,000
Sold Price
$865,000
Premium/Discount to List
-$30,000
-3.35%
Current Estimated Value
$362,021

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$502,979
Avg. Annual Appreciation
-22.72%
Original Mortgage
$665,600
Outstanding Balance
$636,157
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
-$274,136

Purchase Details

Closed on
Jul 11, 2016
Sold by
Lucas Jonathan Roland and Lucas Dawn Hager
Bought by
Lacey Mary L

Purchase Details

Closed on
Jan 1, 1990
Bought by
Kirk Bonnie Longest and Longest Mary F Cochran Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Campus Walk Elon Llc $865,000 --
Lacey Mary L $237,000 Attorney
Kirk Bonnie Longest -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Campus Walk Elon Llc $665,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2023 12/15/23 Off Market $865,000 -- --
09/08/2022 09/08/22 Sold $865,000 -3.4% $522 / Sq Ft
07/12/2022 07/12/22 Pending -- -- --
07/12/2022 07/12/22 For Sale $895,000 0.0% $540 / Sq Ft
07/11/2022 07/11/22 Price Changed $895,000 +3.5% $540 / Sq Ft
07/10/2022 07/10/22 Off Market $865,000 -- --
07/08/2022 07/08/22 For Sale $329,000 -- $198 / Sq Ft
Source: Doorify 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 $1,005 $203,352 $74,350 $129,002
2024 $954 $203,352 $74,350 $129,002
2023 $1,577 $203,352 $74,350 $129,002
2022 $1,585 $144,840 $74,350 $70,490
2021 $1,600 $144,840 $74,350 $70,490
2020 $1,614 $144,840 $74,350 $70,490
2019 $1,619 $144,840 $74,350 $70,490
2018 $0 $144,840 $74,350 $70,490
2017 $1,492 $144,840 $74,350 $70,490
2016 $1,467 $146,701 $74,350 $72,351
2015 $847 $146,701 $74,350 $72,351
2014 -- $146,701 $74,350 $72,351
Source: Public Records

Agents Affiliated with this Home

  • Vandan Gandhi, CCIM

    Seller's Agent in 2022

    Vandan Gandhi, CCIM

    Keller Williams Elite Realty

    (919) 475-5769

    2 in this area

    50 Total Sales

    Vandan Gandhi, CCIM
    Section Image
  • Michael Gray

    Buyer's Agent in 2022

    Michael Gray

    NorthGroup Real Estate, Inc.

    (336) 213-6220

    4 in this area

    20 Total Sales

    Michael Gray
    Section Image
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Map

Source: Doorify MLS

MLS Number: 2460949

Doorify MLS

APN: 115575

North Carolina Alamance County Elon 27244

608 E College Ave, Elon, NC

Not Listed for Sale

Detached

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