$325,000
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
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.
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.
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.
Mooresville High School
High · approx. 1.0 mi
Mooresville Middle School
Middle · approx. 1.2 mi
South Elementary School
Elementary · approx. 0.6 mi
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.
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.
Buyers should conduct independent due diligence before making any purchase decisions.
Low
$310K
Midpoint
$325K
High
$340K
$228/SF estimated price per square foot
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.
Mooresville median home values increased 10% from 2024-2025. Strong demand from families and professionals. Walkability Rating estimate: 65/100.
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.
Market data is based on aggregated public records and may not reflect real-time conditions.
Allowed Uses
$172/SF
Arm's length transaction
$124/SF
Arm's length transaction
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