NOT LISTED FOR SALE

622 S Williamson Ave Unit 622/624 Elon, NC 27244

Estimated Value: $376,000 - $511,000

6 Beds
6 Baths
2,694 Sq Ft
$165/Sq Ft Est. Value

Last Sold March 20, 2024

Last sale price $495,000 $184 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $2,597/month

40 Days on Market

Highlights

  • End Unit
  • Luxury Vinyl Tile Flooring
  • Ceiling Fan
  • No HOA
  • Central Heating and Cooling System

About This Home

As of March 2024

***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!

Last Agent to Sell the Property

Timothy Supples

Re/MaxDiamond Realty License #319653 Listed on: 02/10/2024

Last Buyer's Agent

Christy Donaldson

Keller Williams Central License #273839

Keller Williams Central

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,414

Year Built

  • Built in 2006 | Remodeled

Lot Details

  • 0.34 Acre Lot
  • End Unit
  • No Unit Above or Below
  • 1 Common Wall

Parking

  • 6 Open Parking Spaces

Home Design

  • Duplex
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 2,694 Sq Ft Home
  • Ceiling Fan

Kitchen

  • Free-Standing Electric Range
  • Dishwasher

Flooring

  • Carpet
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Full Bathrooms

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 2 Units
  • Williamson Place Subdivision

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Assessor Parcel Number 109387

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,414

Year Built

Built in 2006 | Remodeled

Lot Details

0

Listing Details

  • Year Built: 2006
  • Prop. Type: Residential Income
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt, Paved
  • Subdivision Name: Williamson Place
  • Above Grade Finished Sq Ft: 2694.0
  • New Construction: No
  • General Property Information Basement YN: No
  • Cooling Central Air: Yes
  • Flooring Luxury Vinyl: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Flooring Carpet: Yes
  • Utilities Cable Available: Yes
  • General Property Information Senior Community YN: No
  • Common Walls End Unit: Yes
  • Special Listing Conditions Real Estate Owned: Yes
  • Utilities Natural Gas Available: Yes
  • Utilities Phone Available: Yes
  • Utilities Water Connected: Yes
  • General Property Information Spa YN: No
  • Common Walls No One Above: Yes
  • Contract Information Lease Term: Renewal Option
  • General Property Information Above Grade Finished Area: 2694.0
  • Utilities Electricity Connected: Yes
  • Utilities Sewer Connected: Yes
  • Property Condition UpdatedRemodeled: Yes
  • Roof Asphalt3: Yes
  • General Property Information Number Of Units Total3: 2.0
  • Structure Type Duplex: Yes
  • General Property Information Lot Size Square Feet2: 14984.64
  • General Property Information Number Of Buildings2: 1.0
  • General Property Information Lot Size Acres: 0.344
  • Special Features: RealEstateOwned
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Luxury Vinyl
  • Interior Amenities: Ceiling Fan(s)
  • Private Spa: No
  • Appliances: Dishwasher, Free-Standing Electric Range
  • Basement YN: No
  • Full Bathrooms: 6
  • Total Bedrooms: 6
  • Appliances Dishwasher: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Appliances:Free-Standing Electric Range: Yes

Exterior Features

  • Roof: Asphalt
  • Acres: 0.34
  • Disclosures: Seller Disclosure
  • Common Walls: 1 Common Wall, End Unit, No One Above
  • Construction Type: Vinyl Siding
  • Construction Materials:Vinyl Siding: Yes

Garage/Parking

  • Open Parking Spaces: 6.0
  • Open Parking: Yes
  • General Property Information:Open Parking YN2: Yes
  • General Property Information:Open Parking Spaces2: 6.0

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Available, Phone Available, Sewer Connected, Water Connected
  • Heating: Central
  • Cooling: Central Air, Gas Pack, Heat Pump
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • HeatingCooling:Heat Pump: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Lot Info

  • Lot Size Sq Ft: 14984.64
  • ResoLotSizeUnits: Acres
  • Parcel #: 109387
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Renewal Option

Tax Info

  • Tax Annual Amount: 1413.56
  • Tax Year: 2023

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2024
Closed on
Feb 20, 2024
Sold by
Pareek Abhishek and Pareek Renuka
Bought by
Aldridge Donald Bo
Seller's Agent
Timothy Supples
Re/MaxDiamond Realty
Buyer's Agent
Christy Donaldson
Keller Williams Central
List Price
$489,000
Sold Price
$495,000
Premium/Discount to List
$6,000
1.23%
Views
14
Current Estimated Value
$444,606

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$50,394
Avg. Annual Appreciation
-8.23%
Original Mortgage
$371,250
Outstanding Balance
$366,861
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$77,746

Purchase Details

Closed on
Feb 24, 2017
Sold by
Confer Rickie M
Bought by
Swank Richard H and Swank Barbara Treadwell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,500
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 14, 2016
Sold by
The Richard Swank And Barbara Swank Join
Bought by
Swank Richard H and Swank Barbara Treadwell
Source: Public Records

Range of Values:

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
Aldridge Donald Bo $495,000 None Listed On Document
Swank Richard H -- None Available
Swank Richard H -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aldridge Donald Bo $371,250
Previous Owner Pareek Abhishek $215,000
Previous Owner Swank Richard H $147,500
Previous Owner Swank Richard H $176,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/20/2024 03/20/24 Sold $495,000 +1.2% $184 / Sq Ft
02/14/2024 02/14/24 Pending -- -- --
02/10/2024 02/10/24 For Sale $489,000 0.0% $182 / Sq Ft
01/12/2024 01/12/24 Pending -- -- --
01/04/2024 01/04/24 Price Changed $489,000 +25.7% $182 / Sq Ft
01/04/2024 01/04/24 Price Changed $389,000 -0.2% $144 / Sq Ft
01/04/2024 01/04/24 For Sale $389,900 -- $145 / 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
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
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Doorify MLS

MLS Number: 10004386

Doorify MLS

APN: 109387