Price Reduced Listing
$450,000
 $2,347 est/mo Sourced by Back At You

501 Kenlough Drive,Charlotte, NC 28209

Charlotte, NC 28209

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Description

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!

Details

MLS #4382282
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1958
Days On Site168
Listing Provided ByHelen Adams Realty | Mary Helen Tomlinson Davis

Features

Bed(s)4
Bath(s) 2 Total
SQ Feet1,746
BasementY
Acreage0.24

Interior

CoolingCeiling Fan(s), Central Air
HeatingCentral
Interior FeaturesAttic Stairs Pulldown, Open Floorplan
AppliancesDishwasher, Microwave, Oven, Refrigerator, Washer/Dryer

Exterior

RoofArchitectural Shingle
Construction MaterialsBrick Partial, Vinyl
Foundation DetailsCrawl Space
Lot FeaturesCorner Lot

Parking

Garage Yes / NoNo
Parking FeaturesDriveway

Utilities

UtilitiesCable Available, Cable Connected, Natural Gas

Other

List AorCanopy Realtor Association

Taxes

Property423900

Area Information

StateNC
CountyMecklenburg
CityCharlotte
Zip Code28209
AreaMecklenburg
Community NameSelwyn Park
School DistrictMyers Park
Elementary SchoolPinewood Mecklenburg
High SchoolMyers Park
Listing VS Median (in Selwyn Park)
Price:
$450,000
low | high
Med:
$465,000
46.666666666667% of Average
sqft:
1,746
low | high
Med:
1,087
87.743413516609% of Average
$ / sqft:
$258
low | high
Med:
$428
15.979760809568% of Average
On site:
168
low | high
Med:
51
100% of Average
Sourced by Back At You

Market Activity 28209

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 Listings courtesy of Canopy MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of October 30, 2026 at 4:48:22 PM PDT 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.

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Learn More About This Property

StateNC
CountyMecklenburg
CityCharlotte
Zip Code28209
AreaMecklenburg
Community NameSelwyn Park
School DistrictMyers Park
Elementary SchoolPinewood Mecklenburg
High SchoolMyers Park
Listing VS Median (in Selwyn Park)
Price:
$450,000
low | high
Med:
$465,000
46.666666666667% of Average
sqft:
1,746
low | high
Med:
1,087
87.743413516609% of Average
$ / sqft:
$258
low | high
Med:
$428
15.979760809568% of Average
On site:
168
low | high
Med:
51
100% of Average
Sourced by Back At You
Listing Updated: October 29, 2026 at 11:12:57 AM PDT