104 Summers Drive

Elon, NC 27244

$259,000
Price
3
Beds
1
Bath
1,107 Sq. Ft.
$234 / Sq. Ft.
1,107
Sq. Ft.
$234
per Sq. Ft.

Description

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...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 for 104 Summers Drive

Waterfront
No
Subdivision
Boone Station

Location

Listing Courtesy of: .

Add your commute
LISTING UPDATED: 05/03/2024 10:17 AM

Property Details for 104 Summers Drive

StatusActive
MLS #10027072
Days on Market14
Taxes$1,398 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1950
Lot Size0.25 AC / 10,890 SF
CountyAlamance County

Location

Listing Courtesy of: .

Add your commute

Building Information for 104 Summers Drive

Stories1Year Built1950Building Size-Lot Size0.25 AC / 10,890 SF

Payment Calculator

$1,530 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,413

Property Taxes

$117

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 104 Summers Drive

Summary
Location and General Information
  • Directions: From Elon University, Head West on E. Trollinger Ave. Left on Summers Drive. Home is on the left.
  • Subdivision Name: Boone Station
  • Latitude: 36.098421
  • Longitude: -79.513656
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Neighborhood: Elon
Taxes and HOA Information
  • Association: No
  • Tax Annual Amount: $1,398.00
  • City Limits Of: Elon
  • City Limits YN: Yes
  • Lot Number: Summers Dr
  • Restrictive Covenants YN: No
Contract Information
  • Comp Sale YN: No
  • Lease Expiration Date: 2025-05-31
  • Original MLS: Triangle MLS Inc
  • Property Leased YN: Yes
  • Years Owned: 1 or More Year(s)
School Information
  • Elementary School: Alamance - Elon
  • Middle Or Junior School: Alamance - Western
  • High School: Alamance - West Alamance
Parking
  • Open Parking: Yes
  • Parking Features: Gravel
  • Carport: No
  • Attached Garage: No
  • Garage: No
Property
Lot Information
  • Building Area Total: 1107.0
  • Lot Features: Level
  • Architectural Style: Ranch
  • Total Other Area Sq Ft: 0
  • Parcel Number: 109486
  • Structure Type: House
  • Enhanced Accessible: No
  • Primary Residence YN: No
Property and Assessments
  • New Construction: No
  • Photos Count: 11
  • Below Grade Finished Area: 0.0
  • Below Grade Finished Area Units: Square Feet
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Connected, Water Connected
  • Water Source: Public
  • Water_Sewer: Public, Public Sewer, Cable Available, Sewer Connected, Water Connected
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding
  • Fencing: Wood
  • Foundation Details: Block
  • Pool Private: No
  • Roof: Shingle
  • New Construction Type: Vinyl Siding, House
Interior Features
  • Levels: One
  • Stories: 1
  • Flooring: Carpet, Laminate
  • Cooling: Central Air, Gas
  • Cooling?: Yes
  • Heating: Central, Propane
  • Heating?: Yes
  • Appliances: Dishwasher, Electric Oven, Range, Refrigerator, Washer/Dryer, Water Heater
  • Equipment Appliances: Dishwasher, Electric Oven, Range, Refrigerator, Washer/Dryer, Water Heater
  • Interior: Cable Available, Sewer Connected, Water Connected, Gravel, Vinyl Siding
  • Equipment: Dishwasher, Electric Oven, Range, Refrigerator, Washer/Dryer, Water Heater, Gravel
Room Information
Room Information
  • Rooms Total: 6.0
Room 1
  • Room Dimensions: 11.6 x 10.1
  • Room Width: 10.1
  • Room Length: 11.6
  • Room Level: Main
  • Room Type: Primary Bedroom
Room 2
  • Room Dimensions: 10.3 x 12
  • Room Width: 12.0
  • Room Length: 10.3
  • Room Level: Main
  • Room Type: Bedroom 2
Room 3
  • Room Dimensions: 10.3 x 12
  • Room Width: 12.0
  • Room Length: 10.3
  • Room Level: Main
  • Room Type: Bedroom 3
Room 4
  • Room Dimensions: 11.5 x 17
  • Room Width: 17.0
  • Room Length: 11.5
  • Room Level: Main
  • Room Type: Living Room
Room 5
  • Room Dimensions: 11.4 x 13.4
  • Room Width: 13.4
  • Room Length: 11.4
  • Room Level: Main
  • Room Type: Kitchen
Room 6
  • Room Dimensions: 11.6 x 13.6
  • Room Width: 13.6
  • Room Length: 11.6
  • Room Level: Main
  • Room Type: Laundry
Agent
Sale and Listing
  • Property Class Name: CrossProperty
Rental
Rental Information
  • Lease Term: 12 Months

Property History for 104 Summers Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 104 Summers Drive

Taxable ValueLand$30,000Additions$149,718Total$179,718
Tax Record2023$776 ($65 / month)
Home Facts
Beds3Baths1Total Finished SqFt1,080 SqFtAbove Grade Finished SqFt1,080 SqFtStories1Lot Size10,890 SqFtStyleSingle Family ResidenceYear Built1950ZoningMRCountyALAMANCEAPN109486

Schools near 104 Summers Drive

This home is within Alamance-Burlington School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Elon Elementary
PublicK to 5

Western Middle
Public6 to 8

Western Alamance High
Public9 to 12

NC School for Deaf Morganton
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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104 Summers Drive is a single family home for sale in Elon, NC 27244. This property was listed for sale on May 3, 2024 by Compass, it's currently listed at $259,000. It has been on the market for a total of 14 days and was last sold on June 24, 2021. This listing's school district is Alamance-Burlington School District. Nearby schools include Elon Elementary, Western Middle and Western Alamance High. 104 Summers Drive is a 3-bed, 1-bath, 1,107 sqft single family home built in 1950.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listings marked with an icon are provided in part courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Listings are also provided in part by the IDX program of Longleaf Pine REALTORS and Alamance MLS. Copyright 2024 Triangle MLS, Inc. of North Carolina. Copyright 2024 Longleaf Pine REALTORS. Copyright 2024 Alamance MLS. All rights reserved. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s). 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 home valuation of any property.