š„ 2545 Ossipee Front St, Elon, NC 27244. Single family, 3 bed / 1 bath, 1,492 sq ft built in 1892. Sold comps on the same street averaging ~$190K ā priced at $99K. That’s ~$91K below market on an as-is basis, with a renovated neighbor listed for $250K. š¤
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Why Elon? Home to Elon University, this tight-knit Alamance County community punches well above its size ā steady rental demand from faculty, staff, and students, a growing local economy, and a location sandwiched between Burlington and Greensboro makes it one of the more resilient small markets in the Piedmont Triad. Investor activity on Ossipee Front Street itself tells the story: homes that sold as-is in the $130sā$140s are being flipped into the $250s. The proof of concept is literally next door.
š° Asking: $99,000 | Comp Average: ~$190,000 | š„ Spread: ~$91,000
| Type | Single Family Residence |
| Bedrooms / Baths | 3 bed / 1 bath |
| Living Area | 1,492 sq ft |
| Year Built | 1892 |
| Lot Size | 7,318 sq ft |
| Utilities | City Water & Septic (no city sewer) ā Duke Energy for electric |
| Occupancy at Closing | ā Vacant |
| Closing Date | May 22, 2026 |
| Closing Attorney | Atlas Orange |
| Address | Sq Ft | Sale Price | Price/Sq Ft | Notes |
|---|---|---|---|---|
| 2483 Ossipee Front St | 2,365 | $299,000 | $126/sq ft | Sold ā same street neighbor |
| 2459 Ossipee Front St | 1,396 | $190,000 | $136/sq ft | Sold ā same street |
| 2508 Ossipee Front St | 1,235 | $142,000 | $115/sq ft | Sold as-is ā now listed post-reno at $250K |
| 3706 Shepherd Rd | 1,155 | $130,000 | $113/sq ft | Sold as-is, completely gutted |
| Comp Average (all 4 sold) | ~1,538 | ~$190,250 | ~$123/sq ft | |
| š·ļø Our Price | 1,492 | $99,000 | $66/sq ft | |
| šø Your Spread | ~$91,000 |
š” At $66/sq ft you’re buying into a street where sold comps range from $113ā$136/sq ft as-is and the renovated flip next door is listed at $250K. With a ~$91K spread against the full comp average and more square footage than three of the four comps, this is a strong margin play whether you flip it or hold it.
ā ļø DISCLAIMER ā Please Read Before Submitting an Offer
š Assignment of Contract
This is an assignment of contract. A legally binding purchase agreement with a memorandum has been executed with the Seller, granting this company exclusive rights to purchase the property. We are not brokers or realtors and do not represent the owner.
š« Do not contact the Seller directly. Any attempt to contact, interfere with, or circumvent our active contract will result in legal action. This property is not to be re-marketed without our explicit written consent and execution of a joint venture agreement.
š Due Diligence
Buyers are responsible for their own due diligence. We are not licensed agents. Please consult appropriate legal or professional counsel before submitting an offer.
š° Offer & Deposit Terms
- $5,000 non-refundable deposit due within 24 hours of signing
- Closing no longer than 30 calendar days
- Buyer pays all closing costs ā not included in asking price
- Taxes prorated and split between parties
- $495 transaction fee payable to Bright Home Offer LLC
- Closing through our closing attorney
šļø As-Is Terms
Property is offered as-is, where-is, no warranties. By submitting an offer you accept these terms.
- ā No repairs or improvements prior to closing
- ā No clean-out or clean-up of any kind
- ā Property will not be broom clean at closing
š¤ Realtors & Wholesalers
The wholesale price does not include your commission or fee. You may either negotiate your fee directly with your client or adjust the wholesale price upward to account for it. If you’d like to be compensated by us, include those terms in your offer or reach out before submitting.