1023 Old Mill Rd · Auburn, AL 36830

$240,000

3 bd · 1.0 ba · 1,232 sqft · SingleFamily public records · 26 Days on market

Built 1960 10,454 sqft lot $195/sqft · 15% below area Est $281k · 15% under ↓ 2% since listing

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +16.1/30.0
• ARV discount +14.1/15.0
• DSCR +5.0/10.0
• Schools +5.0/10.0
• Livability +4.0/5.0
• Rent growth +3.8/5.0
• 1% rule +3.2/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 1023 Old Mill Road — a charming, updated 3-bedroom, 1-bath home located inside the loop in Auburn, just minutes from Auburn University, downtown, shopping, and dining. This property offers a rare combination of location, character, and major system updates, providing both immediate comfort and long-term peace of mind. Key improvements include a full HVAC system replacement with new ductwork (2023), complete electrical rewire and panel (2021), updated plumbing fixtures, an in-ground main drain cleanout (2025), and a durable metal roof. Inside, you’ll find original hardwood floors, a bright and inviting living area, and a functional layout that flows into an expanded dining or flex space. The kitchen features butcher block countertops, stainless appliances, and updated fixtures, blending style and practicality. Additional interior upgrades include updated lighting throughout, recessed lighting in the dining area, and remote-controlled ceiling fans in all bedrooms and the living room. The attached laundry room has been fully renovated with updated flooring, drywall, and lighting, creating a clean and efficient utility space. This area is not included in the home’s square footage, offering additional functional space beyond the listed size. Exterior features include a covered carport, mature trees, and an updated deck and fenced backyard, ideal for relaxing or entertaining. Homes in this location with this level of system updates and added usable space are increasingly hard to find at this price point. Inspection available upon request.

Key facts

• 0.24 acre lot
• Parking
• Built 1960

Property features AI

Finance

• Other: Subdivision: MCKINLEY HEIGHTS
• HOA & community: No association amenities

Exterior

• Parking: Carport (1 space)
• Utilities: Cable available; Natural gas available; Sewer connected; Water available
• Home design: Residential property; One story
• Construction: Brick construction
• Exterior features: Deck; Back yard fencing

Interior

• Kitchen: Gas range; Refrigerator
• Bedrooms: Total rooms: 1
• Flooring: Tile; Vinyl; Wood
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; Central electric air conditioning; Ceiling fan(s)
• Interior features: Ceiling fan(s); Storage
• Laundry & utility: Washer; Dryer; Washer hookup; Crawl space

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $240k.

Deal economics

• At list price, monthly cash flow is $124 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $196k (18.3% below list).
• Recommended offer: $196k (18.3% below list) — sets the bar for 1% rule.
• Cap rate 6.9% vs local median 2.7% in Auburn — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 80/100 on livability (#6 in AL, #1,842 nationally) — a professional / high-income tenant draw. Strengths: crime A+, amenities A+, health & safety A+; Watch: commute F.
• Auburn City (urban): math 51% / reading 69% proficiency, ranked #7 of 129 in AL (top 5%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Wrights Mill Road Elementary School (math 65% / reading 75%, grade A-, #26 of 627 statewide, top 4%, 397 students, 33% FRL).
• Market conditions: Rents rising fast (+5.4%/yr); 907 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,858 units permitted in Lee County in 2024 (113 in 5+ unit buildings).
• This rent runs 34% of the median local income ($70k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Lee County population projected at +54% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 26 days — a 2% lower offer ($236k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 76% chance of damaging wind over 30y; extreme-heat days projected 6→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $196,161 (18.3% below list)

Questions for the listing agent

1. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
4. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
5. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.82% ✗
• Cap rate: 6.91%
• Cash-on-cash: 2.22%
• DSCR: 1.10
• GRM: 10.2

CMA / ARV

• ARV (median comp): $281,490
• List price: $240,000
• Delta: -14.74%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1016 E Magnolia Ave	0.18mi	3/2.0	1,188 (-4%)	10mo	$315,000	$265	73
963 Birch Ct	0.60mi	3/2.0	1,251 (+2%)	9mo	$267,500	$214	58
731 Mercer Cir	0.67mi	3/1.0	1,160 (-6%)	2mo	$378,000	$326	58
348 Bowden Dr	0.40mi	3/1.0	1,151 (-7%)	17mo	$365,000	$317	56
237 S Brookwood Dr	0.43mi	3/1.0	1,192 (-3%)	23mo	$385,000	$323	55
111 N Brookwood Dr	0.57mi	3/2.0	1,196 (-3%)	22mo	$393,000	$329	47
1005 Mckinley Ave	0.15mi	4/2.0 (+1)	1,404 (+14%)	19mo	$315,000	$224	45
224 Kellie Ln	0.55mi	3/2.0	1,315 (+7%)	23mo	$275,000	$209	40
241 S Brookwood Dr	0.43mi	2/1.0 (-1)	1,106 (-10%)	21mo	$360,000	$325	40
230 S Brookwood Dr	0.47mi	3/2.0	1,104 (-10%)	22mo	$525,000	$476	38
238 Kellie Ln	0.58mi	2/2.0 (-1)	1,342 (+9%)	18mo	$288,000	$215	34
304 Harper Cir	0.69mi	3/2.0	1,400 (+14%)	15mo	$227,000	$162	28

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 5.36% rent growth · sell at horizon

5-year hold

• IRR: -10.6%
• Equity multiple: 0.61×
• Total profit: $-26,336
• Equity at exit: $35,785

10-year hold

• IRR: 1.4%
• Equity multiple: 1.11×
• Total profit: $7,311
• Equity at exit: $20,751

Cash invested: $67,200 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State Alabama: 90 Strongly Landlord-Friendly · R+15
• County: — inherits STATE
• City: — inherits STATE

Right-to-evict in 7 days for non-payment; no rent control; preempted statewide; courts move quickly.

Methodology + full state rankings →

ZIP-level market 36830

• Rents YoY: 5.4%
• Active inventory: 907
• Price-to-rent: 10.2×

Monthly cashflow live

• Estimated rent: $1,962 high
• Mortgage (P&I): −$1,259
• Tax from tax record: −$67 /mo · $805/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$412
• Net cashflow: $124

Break-even live

Break-even rent $1,805

Max offer price $240,000

Occupancy floor 89%

Sensitivity live

Price	-10% $260	-5% $192	+0% $124	+5% $56	+10% $-12
Rent	-10% $-31	-5% $47	+0% $124	+5% $202	+10% $279
Rate	-1.0pp $245	-0.5pp $185	base $124	+0.5pp $62	+1.0pp $-1

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $60,000
• Closing costs: $7,200
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
106 Oak St Unit 106 Auburn, AL	3.0	2.0	1298	$1,350	$1.04	22d	1	0.18mi
720 Harper Ave Auburn, AL	4.0	2.0	1320	$2,800	$2.12	45d	1	0.62mi
374 Cherry St Auburn, AL	3.0	2.0	1460	$2,400	$1.64	22d	1	0.68mi
420 N Dean Rd Auburn, AL	1.0–3.0	1.0–2.0	840	$1,575	$1.88	14d	1	0.76mi
516 E Glenn Ave Auburn, AL	1.0–2.0	1.0–2.0	775	$1,495	$1.93	14d	1	0.80mi
507 E Glenn Ave Auburn, AL	2.0	1.0	876	$1,250	$1.43	14d	1	0.83mi
Ross Park 3/3 Duplex Auburn, AL	3.0	3.0	1448	$1,762	$1.22	14d	3	0.94mi
427 Harper Ave Auburn, AL	2.0	2.0	1136	$1,400	$1.23	45d	1	1.02mi
555 N Dean Rd Auburn, AL	1.0–2.0	1.0–2.0	895	$1,495	$1.67	22d	1	1.05mi
555 N Dean Rd Auburn, AL	2.0	2.0	1235	$1,625	$1.32	45d	1	1.05mi
1900 Samford Trace Ct Auburn, AL	3.0	1.0–3.0	1048	$2,031	$1.94	14d	1	1.11mi
145 E Magnolia Ave #311 Auburn, AL	2.0	2.0	1233	$3,500	$2.84	45d	1	1.22mi
650 DeKalb St Auburn, AL	2.0–3.0	2.5–3.0	1326	$2,800	$2.11	45d	1	1.26mi
807 Harvard Dr Auburn, AL	2.0	2.5	1273	$1,600	$1.26	45d	1	1.27mi
122 N College St Unit 1 Auburn, AL	2.0	2.0	1010	$1,600	$1.58	22d	1	1.29mi
640 N Ross St Auburn, AL	1.0–3.0	1.0–3.0	927	$1,775	$1.91	14d	1	1.30mi
Ross Park 3/3 TH Auburn, AL	3.0	3.0	1495	$1,575	$1.05	45d	1	1.36mi
675 Nissa Ct Auburn, AL	3.0	3.0	1500	$1,850	$1.23	45d	1	1.42mi
121 Wright St Unit 1E Auburn, AL	2.0	2.0	950	$2,500	$2.63	45d	1	1.42mi
535 Heritage Ct Auburn, AL	2.0	3.0	1150	$3,500	$3.04	45d	1	1.48mi

Listing history 12 events

1. 2026-05-15
   price $240,000 1587-char remark

   Show marketing remark (1587 chars)

   Welcome to 1023 Old Mill Road — a charming, updated 3-bedroom, 1-bath home located inside the loop in Auburn, just minutes from Auburn University, downtown, shopping, and dining. This property offers a rare combination of location, character, and major system updates, providing both immediate comfort and long-term peace of mind. Key improvements include a full HVAC system replacement with new ductwork (2023), complete electrical rewire and panel (2021), updated plumbing fixtures, an in-ground main drain cleanout (2025), and a durable metal roof. Inside, you’ll find original hardwood floors, a bright and inviting living area, and a functional layout that flows into an expanded dining or flex space. The kitchen features butcher block countertops, stainless appliances, and updated fixtures, blending style and practicality. Additional interior upgrades include updated lighting throughout, recessed lighting in the dining area, and remote-controlled ceiling fans in all bedrooms and the living room. The attached laundry room has been fully renovated with updated flooring, drywall, and lighting, creating a clean and efficient utility space. This area is not included in the home’s square footage, offering additional functional space beyond the listed size. Exterior features include a covered carport, mature trees, and an updated deck and fenced backyard, ideal for relaxing or entertaining. Homes in this location with this level of system updates and added usable space are increasingly hard to find at this price point. Inspection available upon request.

2. 2026-05-15
   price $240,000 1587-char remark

   Show marketing remark (1587 chars)

   Welcome to 1023 Old Mill Road — a charming, updated 3-bedroom, 1-bath home located inside the loop in Auburn, just minutes from Auburn University, downtown, shopping, and dining. This property offers a rare combination of location, character, and major system updates, providing both immediate comfort and long-term peace of mind. Key improvements include a full HVAC system replacement with new ductwork (2023), complete electrical rewire and panel (2021), updated plumbing fixtures, an in-ground main drain cleanout (2025), and a durable metal roof. Inside, you’ll find original hardwood floors, a bright and inviting living area, and a functional layout that flows into an expanded dining or flex space. The kitchen features butcher block countertops, stainless appliances, and updated fixtures, blending style and practicality. Additional interior upgrades include updated lighting throughout, recessed lighting in the dining area, and remote-controlled ceiling fans in all bedrooms and the living room. The attached laundry room has been fully renovated with updated flooring, drywall, and lighting, creating a clean and efficient utility space. This area is not included in the home’s square footage, offering additional functional space beyond the listed size. Exterior features include a covered carport, mature trees, and an updated deck and fenced backyard, ideal for relaxing or entertaining. Homes in this location with this level of system updates and added usable space are increasingly hard to find at this price point. Inspection available upon request.

3. 2026-05-08
   status Active 1587-char remark

   Show marketing remark (1587 chars)

   Welcome to 1023 Old Mill Road — a charming, updated 3-bedroom, 1-bath home located inside the loop in Auburn, just minutes from Auburn University, downtown, shopping, and dining. This property offers a rare combination of location, character, and major system updates, providing both immediate comfort and long-term peace of mind. Key improvements include a full HVAC system replacement with new ductwork (2023), complete electrical rewire and panel (2021), updated plumbing fixtures, an in-ground main drain cleanout (2025), and a durable metal roof. Inside, you’ll find original hardwood floors, a bright and inviting living area, and a functional layout that flows into an expanded dining or flex space. The kitchen features butcher block countertops, stainless appliances, and updated fixtures, blending style and practicality. Additional interior upgrades include updated lighting throughout, recessed lighting in the dining area, and remote-controlled ceiling fans in all bedrooms and the living room. The attached laundry room has been fully renovated with updated flooring, drywall, and lighting, creating a clean and efficient utility space. This area is not included in the home’s square footage, offering additional functional space beyond the listed size. Exterior features include a covered carport, mature trees, and an updated deck and fenced backyard, ideal for relaxing or entertaining. Homes in this location with this level of system updates and added usable space are increasingly hard to find at this price point. Inspection available upon request.

4. 2026-05-08
   price $242,900 1587-char remark

   Show marketing remark (1587 chars)

   Welcome to 1023 Old Mill Road — a charming, updated 3-bedroom, 1-bath home located inside the loop in Auburn, just minutes from Auburn University, downtown, shopping, and dining. This property offers a rare combination of location, character, and major system updates, providing both immediate comfort and long-term peace of mind. Key improvements include a full HVAC system replacement with new ductwork (2023), complete electrical rewire and panel (2021), updated plumbing fixtures, an in-ground main drain cleanout (2025), and a durable metal roof. Inside, you’ll find original hardwood floors, a bright and inviting living area, and a functional layout that flows into an expanded dining or flex space. The kitchen features butcher block countertops, stainless appliances, and updated fixtures, blending style and practicality. Additional interior upgrades include updated lighting throughout, recessed lighting in the dining area, and remote-controlled ceiling fans in all bedrooms and the living room. The attached laundry room has been fully renovated with updated flooring, drywall, and lighting, creating a clean and efficient utility space. This area is not included in the home’s square footage, offering additional functional space beyond the listed size. Exterior features include a covered carport, mature trees, and an updated deck and fenced backyard, ideal for relaxing or entertaining. Homes in this location with this level of system updates and added usable space are increasingly hard to find at this price point. Inspection available upon request.

5. 2026-05-08
   status Active 1587-char remark

   Show marketing remark (1587 chars)

   Welcome to 1023 Old Mill Road — a charming, updated 3-bedroom, 1-bath home located inside the loop in Auburn, just minutes from Auburn University, downtown, shopping, and dining. This property offers a rare combination of location, character, and major system updates, providing both immediate comfort and long-term peace of mind. Key improvements include a full HVAC system replacement with new ductwork (2023), complete electrical rewire and panel (2021), updated plumbing fixtures, an in-ground main drain cleanout (2025), and a durable metal roof. Inside, you’ll find original hardwood floors, a bright and inviting living area, and a functional layout that flows into an expanded dining or flex space. The kitchen features butcher block countertops, stainless appliances, and updated fixtures, blending style and practicality. Additional interior upgrades include updated lighting throughout, recessed lighting in the dining area, and remote-controlled ceiling fans in all bedrooms and the living room. The attached laundry room has been fully renovated with updated flooring, drywall, and lighting, creating a clean and efficient utility space. This area is not included in the home’s square footage, offering additional functional space beyond the listed size. Exterior features include a covered carport, mature trees, and an updated deck and fenced backyard, ideal for relaxing or entertaining. Homes in this location with this level of system updates and added usable space are increasingly hard to find at this price point. Inspection available upon request.

6. 2026-05-08
   price $242,900 1587-char remark

   Show marketing remark (1587 chars)

   Welcome to 1023 Old Mill Road — a charming, updated 3-bedroom, 1-bath home located inside the loop in Auburn, just minutes from Auburn University, downtown, shopping, and dining. This property offers a rare combination of location, character, and major system updates, providing both immediate comfort and long-term peace of mind. Key improvements include a full HVAC system replacement with new ductwork (2023), complete electrical rewire and panel (2021), updated plumbing fixtures, an in-ground main drain cleanout (2025), and a durable metal roof. Inside, you’ll find original hardwood floors, a bright and inviting living area, and a functional layout that flows into an expanded dining or flex space. The kitchen features butcher block countertops, stainless appliances, and updated fixtures, blending style and practicality. Additional interior upgrades include updated lighting throughout, recessed lighting in the dining area, and remote-controlled ceiling fans in all bedrooms and the living room. The attached laundry room has been fully renovated with updated flooring, drywall, and lighting, creating a clean and efficient utility space. This area is not included in the home’s square footage, offering additional functional space beyond the listed size. Exterior features include a covered carport, mature trees, and an updated deck and fenced backyard, ideal for relaxing or entertaining. Homes in this location with this level of system updates and added usable space are increasingly hard to find at this price point. Inspection available upon request.

7. 2026-05-04
   status Pending 1587-char remark

   Show marketing remark (1587 chars)

   Welcome to 1023 Old Mill Road — a charming, updated 3-bedroom, 1-bath home located inside the loop in Auburn, just minutes from Auburn University, downtown, shopping, and dining. This property offers a rare combination of location, character, and major system updates, providing both immediate comfort and long-term peace of mind. Key improvements include a full HVAC system replacement with new ductwork (2023), complete electrical rewire and panel (2021), updated plumbing fixtures, an in-ground main drain cleanout (2025), and a durable metal roof. Inside, you’ll find original hardwood floors, a bright and inviting living area, and a functional layout that flows into an expanded dining or flex space. The kitchen features butcher block countertops, stainless appliances, and updated fixtures, blending style and practicality. Additional interior upgrades include updated lighting throughout, recessed lighting in the dining area, and remote-controlled ceiling fans in all bedrooms and the living room. The attached laundry room has been fully renovated with updated flooring, drywall, and lighting, creating a clean and efficient utility space. This area is not included in the home’s square footage, offering additional functional space beyond the listed size. Exterior features include a covered carport, mature trees, and an updated deck and fenced backyard, ideal for relaxing or entertaining. Homes in this location with this level of system updates and added usable space are increasingly hard to find at this price point. Inspection available upon request.

8. 2026-05-04
   status Pending 1587-char remark

   Show marketing remark (1587 chars)

   Welcome to 1023 Old Mill Road — a charming, updated 3-bedroom, 1-bath home located inside the loop in Auburn, just minutes from Auburn University, downtown, shopping, and dining. This property offers a rare combination of location, character, and major system updates, providing both immediate comfort and long-term peace of mind. Key improvements include a full HVAC system replacement with new ductwork (2023), complete electrical rewire and panel (2021), updated plumbing fixtures, an in-ground main drain cleanout (2025), and a durable metal roof. Inside, you’ll find original hardwood floors, a bright and inviting living area, and a functional layout that flows into an expanded dining or flex space. The kitchen features butcher block countertops, stainless appliances, and updated fixtures, blending style and practicality. Additional interior upgrades include updated lighting throughout, recessed lighting in the dining area, and remote-controlled ceiling fans in all bedrooms and the living room. The attached laundry room has been fully renovated with updated flooring, drywall, and lighting, creating a clean and efficient utility space. This area is not included in the home’s square footage, offering additional functional space beyond the listed size. Exterior features include a covered carport, mature trees, and an updated deck and fenced backyard, ideal for relaxing or entertaining. Homes in this location with this level of system updates and added usable space are increasingly hard to find at this price point. Inspection available upon request.

9. 2026-04-30
   listed $244,900 Active 1587-char remark

   Show marketing remark (1587 chars)

   Welcome to 1023 Old Mill Road — a charming, updated 3-bedroom, 1-bath home located inside the loop in Auburn, just minutes from Auburn University, downtown, shopping, and dining. This property offers a rare combination of location, character, and major system updates, providing both immediate comfort and long-term peace of mind. Key improvements include a full HVAC system replacement with new ductwork (2023), complete electrical rewire and panel (2021), updated plumbing fixtures, an in-ground main drain cleanout (2025), and a durable metal roof. Inside, you’ll find original hardwood floors, a bright and inviting living area, and a functional layout that flows into an expanded dining or flex space. The kitchen features butcher block countertops, stainless appliances, and updated fixtures, blending style and practicality. Additional interior upgrades include updated lighting throughout, recessed lighting in the dining area, and remote-controlled ceiling fans in all bedrooms and the living room. The attached laundry room has been fully renovated with updated flooring, drywall, and lighting, creating a clean and efficient utility space. This area is not included in the home’s square footage, offering additional functional space beyond the listed size. Exterior features include a covered carport, mature trees, and an updated deck and fenced backyard, ideal for relaxing or entertaining. Homes in this location with this level of system updates and added usable space are increasingly hard to find at this price point. Inspection available upon request.

10. 2026-04-30
    listed $244,900 Active 1587-char remark

    Show marketing remark (1587 chars)

    Welcome to 1023 Old Mill Road — a charming, updated 3-bedroom, 1-bath home located inside the loop in Auburn, just minutes from Auburn University, downtown, shopping, and dining. This property offers a rare combination of location, character, and major system updates, providing both immediate comfort and long-term peace of mind. Key improvements include a full HVAC system replacement with new ductwork (2023), complete electrical rewire and panel (2021), updated plumbing fixtures, an in-ground main drain cleanout (2025), and a durable metal roof. Inside, you’ll find original hardwood floors, a bright and inviting living area, and a functional layout that flows into an expanded dining or flex space. The kitchen features butcher block countertops, stainless appliances, and updated fixtures, blending style and practicality. Additional interior upgrades include updated lighting throughout, recessed lighting in the dining area, and remote-controlled ceiling fans in all bedrooms and the living room. The attached laundry room has been fully renovated with updated flooring, drywall, and lighting, creating a clean and efficient utility space. This area is not included in the home’s square footage, offering additional functional space beyond the listed size. Exterior features include a covered carport, mature trees, and an updated deck and fenced backyard, ideal for relaxing or entertaining. Homes in this location with this level of system updates and added usable space are increasingly hard to find at this price point. Inspection available upon request.

11. 2026-04-29
    historical $244,900 1587-char remark

    Show marketing remark (1587 chars)

    Welcome to 1023 Old Mill Road — a charming, updated 3-bedroom, 1-bath home located inside the loop in Auburn, just minutes from Auburn University, downtown, shopping, and dining. This property offers a rare combination of location, character, and major system updates, providing both immediate comfort and long-term peace of mind. Key improvements include a full HVAC system replacement with new ductwork (2023), complete electrical rewire and panel (2021), updated plumbing fixtures, an in-ground main drain cleanout (2025), and a durable metal roof. Inside, you’ll find original hardwood floors, a bright and inviting living area, and a functional layout that flows into an expanded dining or flex space. The kitchen features butcher block countertops, stainless appliances, and updated fixtures, blending style and practicality. Additional interior upgrades include updated lighting throughout, recessed lighting in the dining area, and remote-controlled ceiling fans in all bedrooms and the living room. The attached laundry room has been fully renovated with updated flooring, drywall, and lighting, creating a clean and efficient utility space. This area is not included in the home’s square footage, offering additional functional space beyond the listed size. Exterior features include a covered carport, mature trees, and an updated deck and fenced backyard, ideal for relaxing or entertaining. Homes in this location with this level of system updates and added usable space are increasingly hard to find at this price point. Inspection available upon request.

12. 2026-04-27
    historical $244,900 1587-char remark

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast AL · Resets to sale price

• Current annual tax: $805 · $67/mo
• Projected year-2 tax: $984 · $82/mo
• Expected delta: +$179/yr (+$15/mo · 22.3%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 6 d/yr ≥105°F today · 17 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 76% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,539
• − Mortgage interest: −$13,444
• − Property taxes: −$805
• − Insurance: −$1,200
• − Repairs & maintenance: −$1,883
• − Management: −$1,883
• − Depreciation: −$6,982
• Taxable loss: −$2,657
• Est. tax savings @ 24.0%: +$638
• After-tax cash flow: $2,126/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Auburn City
• NCES district ID: 0100210
• Math proficiency: 51% ▼ -21.00%
• Reading proficiency: 69% ▲ 5.00%
• Median HH income: $38,126
• Composite: 49.87/100
• National rank: #1944
• State rank: #7 of 129 in AL

Livability — Auburn

• Score: 80/100
• State rank: #6
• US rank: #1842

Category grades

Amenities A+ Commute F Cost of living B+ Crime A+ Employment C Housing B Health & safety A+ User ratings C+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Auburn, AL
• County: Lee County · 144,175 people
• City population: 80,251
• Metro: Auburn-Opelika, AL
• Population (ZIP): 49,292
• Household income: $70,188
• Rent vs Own: 43.6% rent · 56.4% own
• Severe rent burden: 2961.0

Population outlook (Lee County) Hauer SSP2

• Today (2025): 196,440 people
• By 2030: 217,417 · +10.7%
• By 2040: 259,467 · +32.1%
• By 2050: 301,557 · +53.5%
• By 2075: 402,186 · +104.7%
• By 2100: 474,503 · +141.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (70%)
• Race & ethnicity: White 70% Black 14% Asian 10% Hispanic / Latino 4% Two or more races 3%
• Common ancestry: Slovak 4% Italian 3% Serbian 2%
• Foreign-born: 11% · South Korea, Canada, China
• Languages at home: 87% English-only · Korean 4% Spanish 3% Chinese 2%

Political lean MEDSL · Lee

• 2024 margin: Strong R (+27.8) · D 35.5% · R 63.3% · Other 1.2%
• 2008→2024 swing: -8.1pp toward R · 2008: -19.8pp · 2024: -27.8pp
• All cycles: 2024: R+27.8 2020: R+20.1 2016: R+23.1 2012: R+19.9 2008: R+19.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -156.53%
• Current HPI: 270.6646
• Rent YoY: ▲ 5.36%
• Metro: Auburn-Opelika, AL
• State GDP YoY: ▲ 2.94%
• F500 in state: 4

Industry mix (Fortune 500 HQ in AL)

Industry	F500 HQs	Revenue
▸Financial Services	1	$8B
▸Healthcare	1	$5B

Price history

-2.0% since first listed

14 events — show timeline

• 2026-05-29 Pending — EABOR
• 2026-05-29 Pending — LCMLS
• 2026-05-15 Price Changed $240,000 EABOR
• 2026-05-15 Price Changed $240,000 LCMLS
• 2026-05-08 Relisted — EABOR
• 2026-05-08 Price Changed $242,900 EABOR
• 2026-05-08 Relisted — LCMLS
• 2026-05-08 Price Changed $242,900 LCMLS
• 2026-05-04 Pending — EABOR
• 2026-05-04 Pending — LCMLS
• 2026-04-30 Listed $244,900 EABOR
• 2026-04-30 Listed $244,900 LCMLS
• 2026-04-29 Coming Soon $244,900 EABOR
• 2026-04-27 Coming Soon $244,900 LCMLS

Property tax history

-2.7%/yr

Latest (2025): $805 · +0.0% YoY. Source: county tax records.