501 Kenlough Drive
Charlotte, NC, 28209 $ 490,000
Bedrooms4 Baths2.0 Sq 1,746 Monthly Estimate*
$ 3,384
for $490,000 with 4 bedrooms and 2 full baths. This 1,746 square foot home was built in 1958 on a lot size of 0.24.
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!
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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
- $3,384
- 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 $748,630
Percent of Sale Price 53%
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 |
|---|
| 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 |