501 Kenlough Drive
Charlotte, NC, 28209 $ 450,000
Bedrooms4 Baths2.0 Sq 1,746 Monthly Estimate*
$ 3,108
for $450,000 with 4 bedrooms and 2 full baths. This 1,746 square foot home was built in 1958 on a lot size of 0.24.
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!
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FeaturesGeneralLiving 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 N
Property Type Residential
HOA N
Subdivision Name Selwyn Park
Garage Y/N N
Full Baths 2
High School Myers Park
City Charlotte
Senior Community Y/N N
Lot Size Units Acres
Carport Y/N N
Elementary School Pinewood Mecklenburg
Middle/Junior High School Alexander Graham
Additional Parcels Y/N N
Standard Status Active
Construction Type Site Built
Tax Assessed Value 423900
Listing Terms Cash Conventional FHA VA Loan
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InteriorInterior Amenities Attic Stairs Pulldown Open Floorplan
Basement Dirt Floor
Flooring Tile Wood
Basement (Y/N) Y
Fireplace Y/N N
Above Grade Finished Area 1166
Half Baths 0
Laundry Features Laundry Room Lower Level
Total Bedrooms 4
Below Grade Finished Area 0
Total Baths 2
SqFt Main 528
SqFt Lower 580
SqFt Upper 638
Bedroom 0
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ExteriorFencing 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 N
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $3,108
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Charlotte, NC
Average List Price $755,466
Percent of Sale Price 68%
About Charlotte, NC 853,875 Population
49% Since 2002
$ 58,239 Median Income
36.13 Median Age
30% Households with Children
Trends Information provided by ATTOM Data Solutions.
2105780 Elementary School
294317 Middle School
Myers Park High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/29/2026 | $450,000 | -8.16% | Price Down |
| 9/15/2026 | $490,000 | -2.00% | Price Down |
| 8/10/2026 | $500,000 | -4.76% | Price Down |
| 6/25/2026 | $525,000 | -4.55% | Price Down |
| 6/3/2026 | $550,000 | -2.65% | Price Down |
| 5/15/2026 | $565,000 | | Listed Price |