501 Kenlough Drive, Charlotte NC
- 4 Bed
- 2 Bath
- 528 ft2
- 0.2 ac
For Sale $490,000
Remarks:
Rare corner lot opportunity in the highly sought-after and rapidly growing Collingwood/Madison Park area! Surrounded by stunning renovated homes and luxury new construction, this property offers incredible potential for investors (to flip and/or rent), builders, or buyers looking for their new home! One of the larger original homes in the neighborhood, it features a great floor plan, mid-century charm, and tons of renovation potential! N1-B zoning may also offer exciting redevelopment opportunities, including a potential luxury single family or duplex! Situated on a beautiful corner lot with a private backyard and peaceful pond and creek views. Just minutes from Uptown, South End, LoSo, and Park Road Shopping Center! No HOA and an unbeatable location! **PLEASE NOTE:** We understand there have been concerns regarding the sloping and uneven basement floors. The sellers had IDE Engineering evaluate the property, and their report and recommended repairs are available in the MLS attachments. Based on the engineer's findings, the recommended work is primarily cosmetic rather than a major structural concern. A quote for the recommended self-leveling repairs is also attached. **With an acceptable offer, the seller is willing to complete the repairs, provide a full credit, or negotiate a price reduction to account for the work.** A great opportunity with multiple options for buyers! Based on comparable sales, investing around **$50,000-$100,000** into the home improvements could create significant instant equity. Once renovated, the home has the potential to be worth **close to $700,000 or MORE**, 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!
Interior Features:
Attic Stairs Pulldown, Open Floorplan
General Information:
| List Price: | $490,000 |
| Status: | For Sale |
| Bedrooms: | 4 |
| Type: | Single Family Residence |
| Approx Sq. Ft.: | 528 sqft |
| Parking: | Driveway |
| MLS Number: | CAR4382282 |
| Subdivision: | Selwyn Park |
| Bathrooms: | 2 |
| Lot Description: | Corner Lot |
| Year Built: | 1958 |
| Sewer Type: | Public Sewer |
Assigned Schools:
| Elementary: | Pinewood Mecklenburg |
| Middle: | Alexander Graham |
| High: | Myers Park |
Lane Yates
704-232-7238
Broker In Charge
Price & Sales History
| Date | Event | Price | $/SQFT |
| 09-28-2026 | Relisted | $490,000 | $929 |
| 09-22-2026 | Under Contract | $490,000 | $929 |
| 09-15-2026 | Price Decrease | $490,000-2.00% | $929 |
| 08-13-2026 | Price Decrease | $500,000-4.76% | $947 |
| 07-03-2026 | Price Decrease | $525,000-4.55% | $995 |
| 06-13-2026 | Price Decrease | $550,000-2.65% | $1,042 |
| 05-30-2026 | Listed | $565,000 | $1,071 |
| 11-22-2025 | Under Contract | $449,000 | $851 |
| 11-10-2025 | Price Decrease | $449,000-5.47% | $851 |
| 10-21-2025 | Price Decrease | $475,000-4.81% | $900 |
| 07-17-2025 | Listed | $499,000 | $946 |
Nearby Schools
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Collinswood Language Academy | 0 miles | KG-06 | 9 |
| Sedgefield Elementary | 1 miles | PK-05 | 2 |
| Pinewood Elementary | 1 miles | PK-05 | 3 |
| Park Road Montessori | 1 miles | PK-05 | 9 |
| The Military and Global Leadership Academy at Marie G. Davis | 2 miles | KG-06 | 3 |
| Nations Ford Elementary | 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 |
| 501 Kenlough Drive, Charlotte NC | 0 mi | $490,000 | days | |
| 523 Kenlough Drive, Charlotte NC | 0 mi | $550,000 | days | |
| 529 Kenlough Drive, Charlotte NC | 0.1 mi | $1,750,000 | days | |
| 4220 Firwood Lane, Charlotte NC | 0.1 mi | $624,000 | days | |
| 615 Manhasset Road, Charlotte NC | 0.1 mi | $795,000 | days | |
| 4417 Collingwood Drive, Charlotte NC | 0.1 mi | $525,000 | 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
Powered by Google Maps
Mortgage Calculator
$
%
%
| Down Payment Amount | $990,000 |
| Mortgage Amount | $3,960,000 |
| Monthly Payment (Principal & Interest Only) | $19,480 |
* Expand Calculator (incl. monthly expenses)
| Property Taxes |
$
|
| H.O.A. / Maintenance |
$
|
| Property Insurance |
$
|
| Total Monthly Payment | $20,941 |
Demographic Data For Zip 28209
|
Occupancy Types |
|
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 Helen Adams Realty
501 Kenlough Drive, Charlotte NC is a 528 ft2 on a 0.240 acres lot. This is for $490,000. This has 4 bedrooms, 2 baths, and was built in 1958.
Based on information submitted to the MLS GRID as of 2026-05-30 10:46:08 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.
Click here for more information
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.
Share
