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.
Updated 1917 Craftsman Bungalow Steps from Downtown Mooresville
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.
See the properties helping shape the valuation.
Comparable sales
- 4 SF smaller
- 3,712 SF smaller lot
- 11 years newer
- 4 SF smaller
- 1,212 SF smaller lot
- 3 years newer
- 4 SF smaller
- Similar lot size
- 3 years newer
A 1917 craftsman bungalow on 0.2 acres.
Building
Site & utilities
Mooresville Mill Village
Researched nearby locations
Location
318 E Pressley Ave, Mooresville, NC 28115
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.
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.
A factual market snapshot around 318 E Pressley Ave.
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.
Historic Mill Village
Zoning
Research-indicated uses
- Single Family
- Accessory Dwelling Unit
- Home Occupation
Assessment data and recorded transactions.
Assessed value is kept visually separate from the CompCasa market-value estimate.
Tax assessment
Sale history
Rental references from the research record.
Context only—not an investment recommendation or guarantee of achievable rent.
Supporting lease references
- 674 SF smaller
- 1 fewer bedroom
- 1 fewer bathroom
- 296 SF larger
- 1 additional bedroom
- 1 additional bathroom
What the research supports — and what is still worth verifying.
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)
Still worth verifying
Routine buyer due diligence items; these are not known defects.
- Confirm lot dimensions and boundaries
- Verify renovation permits were properly pulled
- Confirm historic overlay restrictions
- Professional home inspection
- Roof condition assessment
What stands out about this property.
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
Sources & research confidence.
See where the property research came from and how confidence varies by field.