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OVERVIEW
1308 Sundown Dr, Mebane NC 27302
Priced at $200,000 ($172/sq ft), this 3-bed/2-bath sits well under the area’s sold comp average of $243/sq ft — a built-in discount on day one. Mebane straddles I-40/I-85 between Greensboro and Durham, putting this property within reach of Research Triangle Park demand and a student/rental base anchored by Elon, UNC-Chapel Hill, Duke, and NC Central. The 0.92-acre lot is more than double what most in-town comps offer, and the home will be vacant at closing — no holdover, no negotiation, ready to move on immediately.
Comp Avg (Sold): ~$306,600
Rent Avg: ~$1,550/mo
Gross Yield at Asking: 9.3%
DETAILS
Type: Single Family Home
Bedrooms / Baths: 3 bed / 2 bath
Living Area: 1,160 sq ft
Year Built: 1988
Lot Size: 0.92 acres
Utilities: Well & Septic, Duke Energy (electric), Propane heat (Energy Partners of Mebane)
Occupancy at Closing: Seller occupied — will be vacant at closing
Closing Date: 07/29/26
Closing Attorney: Steve Lowry & Associates
CONDITION
- Roof approximately 25 years old
- Property sold as-is
COMPARABLE SALES
106 Fawn Cir, Mebane, NC 27302 — 1,337 sq ft — $320,000 ($239/sq ft) — Sold
1721 Daniels Farm Rd, Mebane, NC 27302 — 1,334 sq ft — $345,000 ($259/sq ft) — Sold
5309 Meadow Field Dr, Mebane, NC 27302 — 1,222 sq ft — $325,000 ($266/sq ft) — Sold
315 N 7th St, Mebane, NC 27302 — 1,097 sq ft — $270,000 ($246/sq ft) — Sold
405 Oakwood St, Mebane, NC 27302 — 1,308 sq ft — $273,000 ($209/sq ft) — Sold
Comp Average: ~$306,600 (~$243/sq ft)
Our Price: $200,000 ($172/sq ft)
Your Spread: ~$106,600
At $172/sq ft against a $243/sq ft sold average, the spread here is over $100K — a wide enough gap to absorb rehab costs and still exit with strong margin for a flipper. For a buy-and-hold investor, the 9.3% gross yield at asking clears the bar comfortably, so this deal pencils both ways.
DISCLAIMER — Please Read Before Submitting an Offer
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 are not representing ourselves as such. We do not represent the owner.
Do not contact the Seller directly. Any attempt to contact the owner, interfere with, or circumvent our active contract will result in legal action. This property is not to be re-marketed under any circumstances without our explicit written consent and the execution of a joint venture agreement.
Due Diligence
Buyers are responsible for performing their own due diligence. We are not licensed agents. Please consult appropriate legal or professional counsel before submitting an offer.
Offer & Deposit Terms
A minimum $5,000 non-refundable deposit is required within 24 hours of signing to secure the deal. Closing will occur as quickly as possible, but no longer than 30 calendar days. Buyer pays all closing costs — closing costs are NOT included in the asking price. Taxes will be prorated and split between parties. $495 transaction fee payable to Bright Home Offer LLC. Closing will be conducted with our closing attorney.
As-Is Terms
This property is offered as-is, where-is, with no warranties. By submitting an offer, you are accepting these terms.
No repairs or improvements will be made prior to closing. No clean-out or clean-up of any kind will be completed. Property will not be broom clean at closing.
Realtors & Wholesalers
If you are working with a client and wish to receive a commission or fee, please note that the wholesale price does not include your compensation. You may either negotiate your commission/fee directly with your client, separate from the wholesale price, or adjust the wholesale price upward to include your fee. If you’d like to be compensated by us at or outside of closing, please reach out or include those terms in your offer.