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1132 Ben Sharpe Rd, Elon, NC, 27244

2beds
1baths
1,256sqft
$230,000
$183price/sqft
$1,546/moest. monthly cost
$61,840/yrincome needed

About This Home

Investor special with upside potential in a highly convenient Elon location. This property has already been taken down to the studs, offering a rare opportunity to start fresh and fully customize the interior layout, finishes, and systems to your exact specifications. This home provides the framework for a complete transformation. The home features a 2-bedroom + bonus room that could be utilized as 3rd bedroom, 1.5-story w/ a fireplace, giving you flexibility to reimagine the space for modern living. Outside, the property features a spacious lot, a 2-bay detached shop equipped with automatic doors, concrete flooring, and a commercial-grade car lift—ideal for automotive work, storage, or a workshop setup that is increasingly hard to find. Located just minutes from Elon University, to Burlington, shopping centers, restaurants, and major highways for easy commuting. The surrounding area continues to see steady growth, making this an attractive option for resale, rental, or long-term hold.

Getting Around

4
WalkingCar-Dependent
0
TransitVery Limited Transit
0
BikeNot Bike Friendly

Schools

5/10
Elon ElementaryGrades K-50.9 mi
6/10
Western MiddleGrades 6-82.2 mi
7/10
Western Alamance HighGrades 9-121.6 mi

Construction

Condition

  • Year built: 1951

Materials

  • Construction materials: Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Property subType: Stick/Site Built,Residential,Single Family Residence

Interior

Basement

  • Basement: Crawl Space

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1

Features

  • Number of fireplaces: 1
  • Fireplace features: Living Room
  • Fireplace: Yes
  • Finished area above ground: 1,256

Heating & Cooling

  • Heating features: Fireplace(s),See Remarks
  • Cooling features: Other

Interior Area

  • Total structure area: 1,256
  • Total interior livable area: 1,256 sqft

Property

Details

  • Parcel number: 117071
  • Zoning: Residential
  • Special condition: Owner Sale

Features

  • Levels: One and One Half
  • Stories: 1
  • Pool features: None

Lot

  • Lot size: 0.50 Acres

Parking

  • Parking features: Driveway
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingRelatively High
  • Lightning
    LightningRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Hurricane
    HurricaneModerate
  • Heat Wave
    Heat WaveModerate
  • Ice Storm
    Ice StormModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Inland Flooding
Lightning
Tornado
Winter Weather
Cold Wave
Hail
Hurricane
Heat Wave
Ice Storm
Strong Wind

FEMA Declared Disasters in Alamance County and North Carolina

Flood
Hurricane
Mud Landslide
Severe Storm
Tropical Depression
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,163$13,956
Home Insurance *$79$948
Property Taxes $104$1,248
Electricity $200$2,405
Total$1,546$18,552
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$53,005/yr
40% on housing$46,380/yr
45% on housing$41,226/yr

North Carolina FAIR Plan Programs

North Carolina Joint Underwriting Association - FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

NCIUA - Coastal Property Insurance Pool (CPIP)

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 235,990Commercial: 10,165
Total Premiums$278.20M
Total Exposure$57.33B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 14.3%
14.3%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: 0.6%
0.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$183This listing

vs Other Active Listings

Avg $/sqft

ZIP 27244$161
Alamance County$149

vs Homes Sold Last Month

Median $/sqft

ZIP 27244$166
Alamance County$178

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-06-22Listed for sale$230,000
2024-06-04Listing removed--
2023-11-28Price change$250,000
2023-11-17Price change$275,000
2023-10-28Price change$280,000
2023-10-06Listed for sale$285,000
2023-06-21Sold$50,000
2020-06-30Sold$17,500

For Sale by Agent

AgentDevonte Freeman
BrokerageReal Broker LLC

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