Estimated payment $2,955/month
About This Home
***Back on the Market***
Buyer financing failed due to a change in the zoning code in Elon. This Multifamily property is grandfathered but there since there will be no additional Duplexes permitted, it's even MORE UNIQUE!!
Amazing TURN KEY Investment property for students, or Primary home with rental income! Townhome style Duplex Minutes from Elon University and 40/85. Close to shopping, restaurants and everything you need! Fully renovated with new LVP, Paint, and HVAC! One unit leased until April 30 2024 and one just became vacant! Each unit will rent OVER $2400 ($800 per bedroom for students) Total $4800 per Month! 1350 sqft each! Showing Unit 624 Only- Do Not Disturb Tenants!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,514
Year Built
- Built in 2006
Lot Details
- 0.34 Acre Lot
Parking
- Gravel Driveway
Home Design
- Duplex
Utilities
- Forced Air Heating and Cooling System
- Electric Water Heater
Community Details
- No Home Owners Association
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 109387
- 108% Total Tax Rate
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2024 | $1,542 | $328,859 | $55,000 | $273,859 |
| 2023 | $2,514 | $328,859 | $55,000 | $273,859 |
| 2022 | $2,435 | $222,463 | $40,000 | $182,463 |
| 2021 | $2,457 | $222,463 | $40,000 | $182,463 |
| 2020 | $2,479 | $222,463 | $40,000 | $182,463 |
| 2019 | $2,487 | $222,463 | $40,000 | $182,463 |
| 2018 | $0 | $222,463 | $40,000 | $182,463 |
| 2017 | $2,291 | $222,463 | $40,000 | $182,463 |
| 2016 | $2,160 | $216,048 | $40,000 | $176,048 |
| 2015 | $1,247 | $216,048 | $40,000 | $176,048 |
| 2014 | -- | $216,048 | $40,000 | $176,048 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/14/2024 02/14/24 | Pending | -- | -- | -- |
| 02/10/2024 02/10/24 | For Sale | $489,000 | 0.0% | -- |
| 01/12/2024 01/12/24 | Pending | -- | -- | -- |
| 01/05/2024 01/05/24 | For Sale | $489,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $495,000 | None Listed On Document | |
| Deed | -- | None Available | |
| Deed | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $371,250 | New Conventional | |
| Previous Owner | $215,000 | Balloon | |
| Previous Owner | $147,500 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $176,000 | Adjustable Rate Mortgage/ARM |
Source: Triad MLS
MLS Number: 1129205
APN: 109387
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Copyright 2025 Triad MLS, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This site will be monitored for ‘scraping’ and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. All Sale data is for informational purposes only and is not an indication of a market analysis or appraisal. Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.’s, Internet Data Exchange Database.
- 622 & 624 S Williamson Ave
- 307 Sunset Dr
- 103 Timberlake Dr
- 701 Veterans Dr
- 408 Orange Dr
- 102 Trinity Dr
- 119 Georgetowne Dr
- 702 Orange Ct
- 113 Woodale Dr
- 664 Huntingdon St
- 1010 Mill Pointe Way
- 102 Travis Ln
- 1246 Jamestowne Dr
- 1274 Candlewood Dr
- 1258 Jamestowne Dr
- 708 Mill Pointe Way
- 2014 Muirfield Ct
- 441 Fieldstone Dr
- 1207 Candlewood Dr
- 318 Fieldstone Dr