$330,000
●
House -
Off Market
2 Poplar Avenue
Elon, NC 27244
3 Beds
2 Baths
1,707 Ft²
$2,079
Est. Monthly
$120
HOA / Fees
4.34%
Cap Rate
About This Property
Quiet 55+ community near Elon U. welcomes you to the serenity of a
gracious, one story brick home with high ceilings and an open floor
plan. Enjoy the fireplace, a wall of built-ins, plenty of sunny
windows and a great partially covered trex deck on the back.
Primary en-suite bathroom has a garden tub, two sinks and separate
shower. Great kitchen with plenty of counter space and the view of
sunsets from the kitchen sink window is spectacular. The front
bedroom would also be a great office with a beautiful palladium
window. Easy living as the community HOA provides yard maintenance
with the flexibility to do your own landscaping or garden. Two car
garage. Neighborhood park for the residents. A short stroll
to Elon downtown shops, restaurants and cultural events and sports
at Elon U. Residents have priority for admission to Blakey
Hall, a premier progressive living community nearby.
Unit Size
1,707 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$205
Property Type
House
Property Taxes
$240
HOA Dues
$120
Year Built
1998
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (TMLS #10082448)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 11, 2025 | Sold | ||
| Sold | |||
| May 19, 2025 | In contract | - | |
| In contract | |||
| Apr 5, 2025 | Relisted | $350,000 | |
| Relisted | |||
| Mar 21, 2025 | In contract | - | |
| In contract | |||
| Mar 14, 2025 | Listed by Keller Williams Central | $365,000 | |
| Listed by Keller Williams Central | |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
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Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Elon
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Currently no similar homes aroundNearby Rentals
Listed by: Beth Glidewell, Keller Williams Central
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10082448
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10082448
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