1040 Drummond Avenue, Charlotte NC
- 3 Bed
- 1 Bath
- 1181 ft2
- 0.3 ac
For Sale $525,000
Remarks:
Prime Location, Endless Potential — Sold AS IS! Here's your chance to get into one of Charlotte's hottest neighborhoods at an incredible value! Located just minutes from Uptown, NoDa, and North Campus, this property needs some TLC but offers huge upside for the right buyer. Perfect for a first-time buyer ready to build sweat equity, or an investor looking for a high-return project — this home is zoned for a duplex, triplex, or quadplex, opening the door to redevelopment, rental income, or a full renovation. Nearby homes in this sought-after pocket of Charlotte are selling for over $1 million, making this a rare opportunity to buy in below market value with serious room to grow. You're steps from eclectic dining, breweries, arts venues, and the Light Rail — walkability and lifestyle appeal that keeps this area in high demand. Strong rental comps, booming growth, and a prime location make this a smart buy whether you're planning to renovate, rebuild, or hold long-term. Homes like this don't last — bring your vision and make it yours! Serious inquiries only.
General Information:
| List Price: | $525,000 |
| Status: | For Sale |
| Bedrooms: | 3 |
| Type: | Single Family Residence |
| Approx Sq. Ft.: | 1181 sqft |
| Parking: | Driveway |
| MLS Number: | CAR4363982 |
| Subdivision: | Plaza Hills |
| Style: | Ranch |
| Bathrooms: | 1 |
| Lot Description: | Cleared, Level |
| Year Built: | 1948 |
| Sewer Type: | Public Sewer |
Assigned Schools:
| Elementary: | Villa Heights |
| Middle: | Unspecified |
| High: | Unspecified |
Lane Yates
704-232-7238
Broker In Charge
Price & Sales History
| Date | Event | Price | $/SQFT |
| 08-27-2026 | Under Contract | $525,000 | $445 |
| 08-17-2026 | Price Decrease | $525,000-7.08% | $445 |
| 07-23-2026 | Price Decrease | $565,000-1.74% | $479 |
| 07-02-2026 | Relisted | $575,000 | $487 |
| 06-12-2026 | Under Contract | $575,000 | $487 |
| 05-10-2026 | Listed | $575,000 | $487 |
| 04-08-2026 | Listed | $395,000 | $335 |
Nearby Schools
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Highland Mill Montessori Elementary | 0 miles | PK-05 | 8 |
| Shamrock Gardens Elementary | 1 miles | PK-05 | 4 |
| Highland Renaissance Academy | 1 miles | PK-05 | 5 |
| First Ward Creative Arts Acad | 2 miles | KG-05 | 5 |
| Sugar Creek Charter | 2 miles | KG-06 | 5 |
| Druid Hills Academy | 2 miles | PK-05 | 1 |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Properties For Sale Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Status | List Price | Days on Market |
| 1040 Drummond Avenue, Charlotte NC | 0 mi | $525,000 | days | |
| 2510 Lola Avenue, Charlotte NC | 0.1 mi | $699,000 | days | |
| 1014 Drummond Avenue, Charlotte NC | 0.1 mi | $825,000 | days | |
| 2510 Lydia Avenue, Charlotte NC | 0.1 mi | $555,000 | days | |
| 3125 Ada Mill Alley, Charlotte NC | 0.1 mi | $629,500 | days | |
| 2503 Lydia Avenue, Charlotte NC | 0.1 mi | $850,000 | days |
Sold Properties Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Property Type | Sold Price | Property Details |
Commute Distance & Time
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| Down Payment Amount | $990,000 |
| Mortgage Amount | $3,960,000 |
| Monthly Payment (Principal & Interest Only) | $19,480 |
* Expand Calculator (incl. monthly expenses)
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| H.O.A. / Maintenance |
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| Property Insurance |
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| Total Monthly Payment | $20,941 |
Demographic Data For Zip 28205
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Transportation to Work |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Property Listing Information
A Courtesy Listing Provided By ERA Live Moore
1040 Drummond Avenue, Charlotte NC is a 1181 ft2 on a 0.260 acres lot. This is for $525,000. This has 3 bedrooms, 1 baths, and was built in 1948.
Based on information submitted to the MLS GRID as of 2026-05-10 10:16:30 EST. All data is
obtained from various sources and may not have been verified by broker or MLS GRID. Supplied
Open House Information is subject to change without notice. All information should be independently
reviewed and verified for accuracy. Properties may or may not be listed by the office/agent
presenting the information. Some IDX listings have been excluded from this website.
Properties displayed may be listed or sold by various participants in the MLS.
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Neither Yates Realty nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.
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