$525,000

About this home

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!

Property details

MLS #

CAR4382282

Property type

Single Family Residence

Subdivision

Ashbrook

Status

Active

Days on market

54

On market date

May 15, 2026

Stories

N/A

Total bathrooms

2

Garage spaces

N/A

Parking spaces

N/A

Lot size

N/A

Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).