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2242 Elon Ossipee Road

2242 Elon Ossipee Road, Elon, NC 27244
Property in Alamance
Sold Oct 09, 2002
$114,000
$108,300 by Coastal Mortgage Service
Mortgage
Sold Dec 10, 1999
$98,000
$97,086 by Irwin Mortgage Corp
Mortgage
Local assessors in Elon, NC have categorized 2242 Elon Ossipee Road as a residential type of property. The home was built in 1975 and is 49 years old. The property's lot size has been calculated to be 20,952 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a ranch/rambler style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 5 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 2242 Elon Ossipee Road has a total of 1,310 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. As for water disposal, the home is connected to a septic system and not a municipal sewage or storm sewage system. Therefore the homeowner of this property will need to handle their own water disposal every three to five years - though the exact number may differ. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a gable style roof that was made of composition shingle. Lots of brick were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 2242 Elon Ossipee Road was last sold in Sep 13, 2002 for $114,000. According to our calculations, that's $87.02 per sqft. Prior to that sales transaction, the property was sold for $98,000 in Dec 8, 1999. Current property owners are expected to pay $915 in taxes per year. The property on 2242 Elon Ossipee Road was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $115,819. To break that down further, the land itself was valued at $25,917. While improvements to the property were assessed at a total of $89,902. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Brick
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 20,952
  • Lot Size Frontage Feet: 1,150
  • Total Building Area: 1,310
  • Building Area: 1,310
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,310
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Septic
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.481
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Miscellaneous (general)
  • Legal Description 1: HL ELON OSSIPEE RD 3-49A-47

Ownership

  • Current Owner : LIPSCOMB LINDA
  • Previous Owner : HUMMEL TONY K
  • Owner Before Previous Owner: FOUST PAULETT
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Alamance-Burlington Schools
  • School Tax School District: WESTERN
  • Census Tract: 021600

Geography

  • Assessors Map Reference: PM 8847
  • Account Number: 34800
  • Parcel: 110504
  • Municipality: MORTON
  • Latitude: 36.1525
  • Longitude: -79.5121

    Address

  • Full Address: 2242 Elon Ossipee Rd
  • Address - House Number: 2242
  • Address - Street Name: Elon Ossipee
  • Address - Suffix Type: Rd
  • State: NC
  • City Name: Elon
  • Carrier Code: R004
  • 4-Digit Zip Code: 9721
  • Zip Code: 27244

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $915
  • Tax Rate Code Area: 46

    Appraisal Valuation

  • Standard Deviation: 0.2436
  • Valuation Date: Aug 17, 2022
  • Confidence Score: 65
  • Final Value: 231,332
  • High Value: 287,695
  • Low Value: 174,968

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $108,300
  • First Open Lien Mortgage Lender: COASTAL MORTGAGE SERVICE
  • First Open Lien Mortgage Recording Date: Oct 09, 2002
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $108,300
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1

    Market Valuation

  • Market Total Value: $115,819
  • Market Land Value: $25,917
  • Market Improvement Value: $89,902

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $115,819
  • Assessed Land Value: $25,917
  • Assessed Improvements Value: $89,902

    Sales

  • Current Sale Contract Date: Sep 13, 2002
  • Current Sale Recording Date: Oct 09, 2002
  • Current Sale Transaction ID: 1196399791
  • Current Sale Price: $114,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Dec 10, 1999
  • Previous Sale Contract Date: Dec 08, 1999
  • Previous Sale Amount: $98,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: COASTAL MORTGAGE SERVICE
  • First Mortgage Transaction Date: Oct 09, 2002
  • First Mortgage Loan Amount: $108,300
  • First Mortgage Terms: 360

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: IRWIN MORTGAGE CORP
  • Previous Mortgage Transaction Date: Dec 10, 1999
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $97,086
  • Previous Mortgage Term: 360

About Alamance



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Frequently Asked Questions

What neighborhood is 2242 Elon Ossipee Road located in?
The 2242 Elon Ossipee Road is a located in the neighborhood of Alamance in Alamance, Elon.
What is the average sales price for listings in 2242 Elon Ossipee Road?
The average sales price for units in 2242 Elon Ossipee Road is $0 currently.

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