For Sale $565,000
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.
Attic Stairs Pulldown, Open Floorplan
| List Price: | $565,000 |
| Status: | For Sale |
| Bedrooms: | 4 |
| Type: | Single Family Residence |
| Approx Sq. Ft.: | 528 sqft |
| Parking: | Driveway |
| MLS Number: | CAR4382282 |
| Subdivision: | Ashbrook |
| Bathrooms: | 2 |
| Lot Description: | Corner Lot |
| Year Built: | 1958 |
| Sewer Type: | Public Sewer |
| Elementary: | Pinewood Mecklenburg |
| Middle: | Alexander Graham |
| High: | Myers Park |
| Date | Event | Price | $/SQFT |
| 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 |
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.
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 | $565,000 | days | |
| 4417 Collingwood Drive, Charlotte NC | 0.1 mi | $525,000 | days | |
| 4418 Murrayhill Road, Charlotte NC | 0.2 mi | $785,000 | days | |
| 4601 General Pershing Drive, Charlotte NC | 0.2 mi | $699,900 | days | |
| 4616 General Pershing Drive, Charlotte NC | 0.2 mi | $1,595,000 | days | |
| 4131 Stacy Boulevard, Charlotte NC | 0.4 mi | $995,000 | days |
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 |
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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 |
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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.
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 $565,000. 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.
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