Property listing for 318 E Pressley Ave, Mooresville, NC 28115
For SaleSingle Family Home

$325,000

318 E Pressley Ave, Mooresville, NC 28115

Updated 1917 Craftsman Bungalow Steps from Downtown Mooresville

3 Bed · 2 Bath · 1,424 Sq Ft

3BR/2BA historic home with high ceilings, renovated kitchen, and fenced yard

3

Beds

2

Baths

1,424

Sq Ft

1917

Built

0.2 acres

Lot

About 318 E Pressley Ave

This craftsman bungalow at 318 E Pressley Ave is an uncommon find in Mooresville’s Mill Village — a fully updated 1917 home that preserves original character while delivering contemporary comfort. As you step inside, the scale of the rooms is immediately evident: 10-foot ceilings, crown molding, and hardwood floors give each living space a sense of permanence. A working fireplace anchors the living area; built-ins and generous window placements highlight the home’s historic bones without feeling museum-like.

The large eat-in kitchen is one of the house’s most practical updates. Recent renovations include new flooring and modern finishes that support everyday living and entertaining. Three well-proportioned bedrooms and two full bathrooms are arranged on a single level, making the layout especially livable for families, downsizers, or professionals seeking easy one-floor flow. Central AC and a heat pump were installed to meet modern comfort expectations.

Outdoor space is a standout: the .2-acre lot is fenced for privacy and includes a sizeable storage shed and level yard for gardening, pets, or a future small addition. A concrete parking area provides off-street convenience — a real plus in this walkable neighborhood. The lot’s HMV zoning also offers flexibility for creative buyers; accessory dwelling units are permitted subject to historic overlay review.

Location amplifies value: downtown Mooresville’s shops and restaurants lie roughly a half-mile away, Mooresville Golf Course is nearby, and Lake Norman is within easy driving distance for weekend recreation. Recent comparable sales on E. Pressley Ave indicate a competitive price band in the low-to-mid $300Ks; the current listing aligns with local market trends and the home’s recent upgrades. Prospective buyers should note historic-overlay considerations and complete standard inspections (roof, structural, mechanical) as part of due diligence. Schedule a showing to see how this restored craftsman balances storybook charm with modern living.

Home Highlights

Move-in readyRecently renovated kitchen10-foot ceilings and crown moldingFenced backyard with storage shedConcrete off-street parkingHMV zoning with ADU potentialCentral AC & heat pumpOwner-occupied since 2022

Property Features

Interior Features

  • 3 bedrooms, 2 full bathrooms
  • 10-foot ceilings with crown molding
  • Hardwood floors throughout main living areas
  • Renovated eat-in kitchen
  • Working fireplace
  • Central AC and heat pump
  • Single-story living, 1,424 SF

Exterior & Lot

  • 0.2-acre level lot (approx. 8,712 SF)
  • Fenced backyard with large storage shed
  • Concrete off-street parking area (estimated 2 spaces)
  • Composition roof (age unknown — recommend assessment)
  • Frontage on E Pressley Ave
  • Wood-frame construction with historic mill-village character

Location & Neighborhood

  • Mooresville Mill Village neighborhood
  • 0.5 miles to Downtown Mooresville dining and retail
  • 1.0 mile to Mooresville High School
  • HMV zoning (Historic Mill Village) — ADU permitted subject to review
  • Convenient access to I-77 (approx. 2 miles)

Walkability & Recreation

  • Walkability Rating: 65/100 — Some walkable amenities and easy downtown access
  • Nearby parks and green spaces within the neighborhood
  • Mooresville Golf Course — 1.2 miles
  • Lake Norman recreational access — ~3.5 miles
  • Running/walking paths and community greenways nearby
  • Community recreation and downtown events within walking distance

Neighborhood & Location

Mooresville’s Mill Village blends century-old character with an active downtown culture. Tree-lined streets lead to independent restaurants, coffee shops and boutiques a short walk away, while Mooresville High School and community parks keep the area family-friendly. Access to Mooresville Golf Course and Lake Norman expands recreational options, and easy connections to I-77 make commuting to the Charlotte metro straightforward. The neighborhood attracts buyers seeking a compact, walkable lifestyle with the conveniences of a modern town.

Market Insights

Mooresville is firmly in a seller’s market right now: inventory sits at about 2.5 months and average days on market are roughly 30. Median sale prices for the broader area are higher—around $427,250—but the Mill Village historic district attracts buyers seeking charm, walkability and proximity to downtown, which keeps demand elevated for smaller single-family homes. Year-over-year appreciation for the area was +10.5% (2024–2025) with a five-year increase near 38%, so well-located, renovated craftsman homes often see multiple offers and quick turnarounds. For this property type — a 3BR/2BA single-family craftsman bungalow of roughly 1,424 SF — recent comparable sales within 0.5 miles ranged from $310K to $340K, supporting a midpoint valuation near $325K. Buyer competition combined with limited inventory makes this an opportune moment for sellers; for buyers, acting quickly and being prepared with clear financing or pre-approval can be decisive. Investors will note solid rental demand (estimated rent ~$1,800/month) and ADU potential under HMV zoning as upside drivers, though historic-overlay rules may affect modifications and should be verified before undertaking work.

Nearby Schools

Mooresville High School

High · approx. 1.0 mi

8/10

Mooresville Middle School

Middle · approx. 1.2 mi

7/10

South Elementary School

Elementary · approx. 0.6 mi

6/10

Walkability & Recreation

65
Walkability
80
Recreation

Very good recreation access: Mooresville Golf Course is 1.2 miles away, Lake Norman is approximately 3.5 miles for boating and waterfront activities, and downtown greenways and parks provide daily walking and biking options.

Investment Highlights

  • Recently renovated kitchen and new flooring reduce near-term capex
  • Mooresville — strong appreciation with 10.5% year-over-year increase
  • Proximity to downtown Mooresville — Walkability Rating ~65/100
  • 3.5 miles to Lake Norman — premium recreational access
  • HMV zoning allows ADU — potential rental income from accessory unit
  • Fenced backyard with storage shed provides additional utility

Key Findings

  • County assessor shows 2022 purchase at $245,000 ($172/SF) — current estimate $325,000 ($228/SF)
  • Assessed value $239,820 (land $35K, improvements $204,820) — annual taxes $2,995
  • Zoned HMV — ADU permitted, modifications may need historic review
  • 3 comparable sales within 0.5 miles in last 6 months range $310K–$340K
  • Average days on market in Mooresville: 30 days (seller's market)

Things to Consider

  • Built in 1917 — foundation, plumbing, and electrical systems should be inspected
  • Historic overlay may restrict exterior modifications and additions
  • Roof age unknown — composition roofs typically last 20-25 years

Opportunity Analysis

Well-maintained craftsman in historic Mooresville district with recent renovations and below-assessed-value pricing. ADU potential and strong rental market create additional upside. Limited inventory and high demand suggest strong resale trajectory.

Potential Use Scenarios

  • Potential primary residence in walkable neighborhood
  • Accessory dwelling unit may be added — estimated rental income $1,200-1,500/mo
  • Comparable rentals suggest estimated rent of $1,800/mo if used as investment property

Risk Factors

  • 1917 construction — hidden maintenance costs possible
  • Historic overlay limits modification flexibility
  • Roof condition unknown — potential near-term replacement needed

Buyers should conduct independent due diligence before making any purchase decisions.

AI Valuation Estimate

Low

$310K

Midpoint

$325K

High

$340K

$228/SF estimated price per square foot

82% confidence

Sales comparison approach using 3 comparable sales within 0.5 miles sold in last 6 months. Adjusted for renovation quality, lot size, and bedroom count. Assessed value of $239,820 appears below market.

As of 2026-03-08

This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.

Market & Area Data

Market Trends

Area Median Price$427,250
Avg Days on Market30 days
Inventory2.5 months
1-Year Appreciation+10.5%

Demographics

Population (1 mi)12,000
Median Income (1 mi)$75,000

Mooresville median home values increased 10% from 2024-2025. Strong demand from families and professionals. Walkability Rating estimate: 65/100.

Nearby Points of Interest

  • Downtown Mooresville (0.5 mi)
  • Mooresville Golf Course (1.2 mi)
  • Lake Norman (3.5 mi)
  • I-77 Access (2 mi)
  • Mooresville High School (1 mi)

Proximity to downtown Mooresville offers access to shopping, dining, and entertainment. Nearby golf course and Lake Norman provide recreational opportunities. Convenient access to I-77 facilitates commuting.

School District

DistrictMooresville Graded School District
ElementarySouth Elementary School (6/10)
MiddleMooresville Middle School (7/10)
HighMooresville High School (8/10)

Market data is based on aggregated public records and may not reflect real-time conditions.

Property Details

Building Details

Year Built1917
Constructionwood frame
Stories1
Roofcomposition
Heatingheat pump
Coolingcentral AC
Basementnone
FireplaceYes
Conditiongood

Lot & Site

Lot Size0.2 acres (8,712 SF)
Topographylevel
Parkingdriveway
Parking Spaces2
FrontageFrontage on E Pressley Ave

Utilities

Watermunicipal
Sewermunicipal
ElectricDuke Energy
GasPiedmont Natural Gas

Zoning & Land Use

Zoning CodeHMV
DescriptionHistoric Mill Village
JurisdictionTown of Mooresville

Allowed Uses

single familyaccessory dwelling unithome occupation
Current Useresidential
Assessor UseSingle Family Residential

Tax & Sale History

Tax Assessment

Total Assessed$239,820
Land$35,000
Improvements$204,820
Annual Tax (2025)$2,995

Sale History

2022-02-18$245,000

$172/SF

Arm's length transaction

2019-11-22$175,424

$124/SF

Arm's length transaction

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