$387,770
●
House -
Off Market
410 Orange Drive
Elon, NC 27244
4 Beds
3 Baths
1,139 Ft²
$354,057
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model
About This Property
Prime Elon location & Western School District! Situated on large
1.24 acre corner lot in established neighborhood. Features 4 BR's,
3 full baths & over 2,000 sq feet on main level w/enclosed porch &
screened in porch. Walk out basement features 1,139 sq ft finished
space w/laundry, family rm, hobby/craft rm, kitchenette & full
bath. Additional unfinished area of 298 sq feet plus 2 car attached
garage/workshop space. Staircase from Den leads to a partially
finished/roughed in (hvac/plumbed/electrical) 800 sq foot floored
attic space. Just needs flooring, lighting, sheet rock & paint.
Wood burning FP on main floor & in bsmt family rm. Updates include:
Roof (Arch shingles) 2012, HVAC 2015, Gutters/Downspouts 2020,
Windows/Doors/Retaining Wall & Bsmt waterproofing 2021. So much
potential & ideal for multigenerational or large family. Floor plan
& survey on file. This home won't last long! ideal for
multigenerational or large family. Floor plan & survey on file.
This home won't last long!
Unit Size
1,139 Ft²
Days on Market
-
Land Size
1.24 acres
Price per sqft
$307
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1970
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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 #122961)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 18, 2024 | Sold | ||
| Sold | |||
| Nov 3, 2024 | In contract | - | |
| In contract | |||
| Oct 19, 2024 | Price Decreased |
$614,999
↓ $10K
(1.6%) | |
| Price Decreased | |||
| Sep 23, 2024 | Price Increased |
$624,999
↑ $10K
(1.6%) | |
| Price Increased | |||
| Jul 9, 2024 | Listed by Fathom Realty NC, LLC | $614,999 | |
| Listed by Fathom Realty NC, LLC | |||
| | |||
|
Well maintained brick ranch w/ basement in an established neighborhood & Western District! Sits on a large 1.24 acre corner lot w/ beautiful landscaping & accent lighting. Features 4 BRs, 3 full baths & 2,000+ sq feet on main level w/ an enclosed porch & screened in porch. Beautifully updated kitchen is open to the living & dining area. All kitchen appliances convey! Permanent staircase from living room leads to floored attic space just waiting to be finished (needs flooring, lighting, sheet rock & paint.) Walk out basement features 972 sq ft of finished space w/ a kitchenette & full bath, ideal for multigenerational living. Gas log fireplaces in both the living room and the basement. Covered hot tub remains! Home wired for a whole house generator. Well pump with 5 outside taps for gardening. New driveway/walkway (2023) updated main floor (2022) Roof (2012), HVAC (2015) new capacitor & filter (2024). This home is in a prime location and has so much potential!
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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
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About Elon
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Listed by: Tanya Wilson, eXp Realty, LLC - C
Last Updated: 2 years ago
Data Source: TMLS, MLS# 122961
Last Updated: 2 years ago
Data Source: TMLS, MLS# 122961
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