501 Kenlough Drive, Charlotte, NC, 28209

Address

501 Kenlough Drive, Charlotte, NC

Listing Type

Single Family

Price

$ 490,000

Property Attributes

ID#4382282
TypeSingle Family
Listing Status Active
CountyMECKLENBURG
CityCharlotte
AreaMecklenburg County
NeighborhoodSelwyn Park
Zip28209
Style
Year Built1958
Price$ 490,000
Bedrooms4
Full Bathrooms2
Half Bathrooms0
Sqr Footage1746
Lot Size0.24 Acres

Data Source:

Canopy MLS

Property Description

In one of Charlotte’s most sought-after and rapidly growing areas, this rare corner lot property in the Collingwood/Madison Park area is full of opportunity and potential. Surrounded by stunning renovations, luxury new construction homes, and ongoing development, this is an incredible chance to own one of the larger original homes in the neighborhood and create something truly special. Whether you are an investor, builder, or buyer looking to put your own personal touch on a home, the possibilities here are endless. The existing floor plan flows easily and is the perfect canvas for a renovation or remodel that could create instant value and equity — ideal for a resale, rental investment, or personal residence. Builders, take note: under Mecklenburg County UDO, the zoning transition from pre-UDO R-4 to post-UDO N1-B may allow for exciting redevelopment opportunities, including the potential for a luxe duplex. Filled with mid-century charm, the home sits on a beautiful corner lot with a private backyard and peaceful views of the pond and creek behind the property. The neighborhood itself is incredibly charming, with mature tree-lined streets, parks nearby, and a welcoming feel that continues to attract buyers and investors alike. Location truly sets this property apart. Just minutes from Uptown Charlotte, South End, and the light rail, you also have easy access to some of Charlotte’s best restaurants, shopping, and nightlife at Park Road Shopping Center and LoSo. With no HOA restrictions and so much growth happening nearby, this is an amazing opportunity at a great price to create your dream home or next successful investment project. We're currently obtaining contractor quotes for the following updates: Paint the exterior, Add shutters to the front windows, Paint the entire interior, Refinish the hardwood floors, Replace and update all lighting fixtures, Install new kitchen cabinets and appliances, Replace the carpet, Replace the laminate flooring The contractor estimates the total renovation cost will be between **$40,000 and $50,000**, with final quotes expected next week. Based on comparable sales, investing around **$50,000** into these improvements could create significant instant equity. Once renovated, the home has the potential to be worth **close to $700,000**, making it an excellent opportunity for someone looking to build equity or potentially renovate and resell. Given the home's size and the comparable sales in the area, this is a fantastic investment opportunity!

Elementary School	Middle School	High School
Pinewood Mecklenburg Elementary School	Alexander Graham Middle School	Myers Park High School

Price History
5/15/2026	Listed $565,000
6/3/2026	3$550,000
6/25/2026	5$525,000
8/10/2026	5$500,000
9/15/2026	2$490,000

General Features

Living Area	1746
Sewer	Public Sewer
Heating	Central
Cooling	Ceiling Fan(s),Central Air
Utilities	Cable Available,Cable Connected,Natural Gas
Roof	Architectural Shingle
Appliances	Dishwasher,Microwave,Oven,Refrigerator,Washer/Dryer
Development Status	Completed
Patio/Porch Features	Patio,Porch
Construction Materials	Brick Partial,Vinyl
Year Built	1958
Levels	Split Level
Property Subtype	Single Family Residence
Parcel Number	149-115-09
County	Mecklenburg
New Construction	No
Property Type	Residential
HOA	No
Subdivision Name	Selwyn Park
Garage Y/N	No
Full Baths	2
High School	Myers Park
City	Charlotte
Senior Community Y/N	No
Lot Size Units	Acres
Carport Y/N	No
Elementary School	Pinewood Mecklenburg
Middle/Junior High School	Alexander Graham
Additional Parcels Y/N	No
Standard Status	Active
CAR_HOASubjectTo	None
Construction Type	Site Built
Tax Assessed Value	423900
Listing Terms	Cash,Conventional,FHA,VA Loan

Interior Features

Interior Amenities	Attic Stairs Pulldown,Open Floorplan
Basement	Dirt Floor
Flooring	Tile,Wood
Basement (Y/N)	Yes
Fireplace Y/N	No
Above Grade Finished Area	1166
Laundry Features	Laundry Room,Lower Level
Total Bedrooms	4
Total Baths	2
SqFt Main	528
SqFt Lower	580
SqFt Upper	638

Exterior Features

Fencing	Back Yard
Parking Features	Driveway
Lot Features	Corner Lot
Water Source	City
Lot Size Area	0.24
Foundation Details	Crawl Space
Road Surface Type	Asphalt,Paved
Road Responsibility	Publicly Maintained Road
Main Level Garage YN	No