17 days on rocket

104 Summers Dr, Elon, NC, 27244

$259,000

Home List Price

$3,076*

Closing Credit

3 Bedrooms
1 Full Bath
1,107 SqFt
$234/SqFt
House
Schools Nearby

Location

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104 Summers Dr, Elon$259,000

Buyer Closing Credits

$3,076*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingGravel
Year Built1950
HeatingCentral, Propane
CoolingCentral Air, Gas
MLS #10027072
Lot Size0.25 Acres
StatusActive

About 104 Summers Dr

Looking for an easy to rent, east to manage rental with a great return? Look no further! This student rental is oh so close to the heart of Elon University and leases itself due to a long term relationship with University fraternity. Recent upgrades include LVT flooring in common areas, new roof on the rear portion of the home, HVAC four years old. Fenced yard. Home is well maintained. Crawl space structurally reviewed and repaired. Current tenants leased thru May 31, 2023 at $2,250/mo, the following year's tenants are in place (June 1 2024-May 31 2025) at $2,400/mo. Factoring in all expenses, this year's cap rate of 7.8% and 8.5% for 2024-2025. Management is a breeze with existing property management relationship that bills on an hourly basis.

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch
  • Year Built: 1950
  • Living Area: 1,107 SqFt

Listing Office:

  • Office Name: Compass -- Chapel Hill - Durham
  • Office Phone: (919) 999-8482
  • Listing Agent: Ed W Billings

Interior Features

Interior Information:

  • Appliances: Dishwasher, Electric Oven, Range, Refrigerator, Washer/Dryer, Water Heater
  • Flooring Type: Carpet, Laminate

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Exterior: Wood Fence

Parking Information:

  • Attached Garage: No
  • Parking: Gravel

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.25 Acres

Utilities

Utilities Information:

  • Heating: Central, Propane
  • Cooling: Central Air, Gas

Other

Directions Information:

  • Directions: From Elon University, Head West on E. Trollinger Ave. Left on Summers Drive. Home is on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $259,000
  • Price Per SqFt: $234/SqFt

Tax Information:

  • Annual Amount: $301
  • Tax Year: 2021
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MLS Details

MLS Information:

  • MLS Name: Triangle MLS
  • MLS Number: #10027072

Listing Office:

  • Office Name: Compass -- Chapel Hill - Durham
  • Office Phone: (919) 999-8482
  • Listing Agent: Ed W Billings

IDX Copyright © 2024 Triangle MLS, Inc. of North Carolina. All rights reserved.

Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.

Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/20/2024, 11:20:42 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 25, 2021Home Sold
$160,000
Jan 06, 2020Home Sold
$109,000
Mar 22, 2013Home Sold
$47,000
Mar 30, 2006Home Sold
$54,500
Dec 21, 2005Home Sold
$48,825

Tax History

YEARPROP. TAXASSESSMENT
2021$301$57,805
2020$646$57,805
2018$601$57,805
2017$595$57,805

History based on county public records data.

Payment Calculator

$1,360

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$843

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4231476
6
/10

  • Elon Elementary School

  • 510 E Haggard Ave

  • 0.91 miles

  • Public District Grades PK-5

school-card-donut-4231477
3
/10

  • Gibsonville Elementary School

  • 401 E Joyner St

  • 1.78 miles

  • Public District Grades PK-5

school-card-donut-4231478
8
/10

  • Marvin B Smith Elementary School

  • 2235 Delaney Dr

  • 2.44 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $17,134. The majority of Alamance County, NC residents have income less than $35k annually. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 104 Summers Dr

What is the listing price of this property?

The listing price of 104 Summers Dr property is $259,000.

What type of property is this?

The property 104 Summers Dr is a house located in Elon, North Carolina, 27244.

Is this property for sale now?

Active Listing: 104 Summers Dr is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $301 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on June 25, 2021 for $160,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 104 Summers Dr has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 104 Summers Dr is 1,107 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 104 Summers Dr is 1950.

Rocket Homes›North Carolina›Alamance County›Elon›27244›104 Summers Dr

This home is located at 104 Summers Dr in Elon, NC and zip code 27244. This 1,107 square foot home, which was built in 1950, sits on a 0.25 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since May 03, 2024 and is currently priced at $259,000.

Over 49 listings were sold over their listed price in April 2024 in Alamance County, NC. In the same period over 83 listings were sold below the listed price and 53 listings were sold for the listed price. The number of listings in Alamance County, NC decreased by 4.5% between March 2024 and April 2024. The median list price of listings available in April 2024 was $315,386, while the average time on the real estate market was 40 days.

From Rocket Homes Real Estate and based on county public records data.

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