501 Kenlough Drive
$490,000
Charlotte, NC, 28209
singlefamily
4
2
Lot Size: 0.24 Acres
ABOUT
Property Information
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!
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!
SPECIFICS
Property Details
Price:
$490,000
MLS #:
CAR4382282
Status:
Active
Beds:
4
Baths:
2
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
Selwyn Park
Listed Date:
May 15, 2026
Finished Sq Ft:
1,746
Lot Size:
10,454 sqft / 0.24 acres (approx)
Year Built:
1958
AMENITIES
Interior
Above Grade Finished Area
1166
Appliances
Dishwasher, Microwave, Oven, Refrigerator, Washer/Dryer
Bathrooms
2 Full Bathrooms
Cooling
Ceiling Fan(s), Central Air
Flooring
Tile, Wood
Heating
Central
Interior Features
Attic Stairs Pulldown, Open Floorplan
Laundry Features
Laundry Room, Lower Level
Levels
Split Level
AMENITIES
Exterior
Construction Materials
Brick Partial, Vinyl
Fencing
Back Yard
Lot Features
Corner Lot
Parking Features
Driveway
Patio And Porch Features
Patio, Porch
Roof
Architectural Shingle
NEIGHBORHOOD
Schools
Elementary School:
Pinewood Mecklenburg
Middle School:
Alexander Graham
High School:
Myers Park
FINANCIAL
Financial
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501 Kenlough Drive
Charlotte, NC






