$259,900
500 Gann St Unit 51-56, Lowell, NC 28098
Renovated 2-Bed Ranch on Rare .47-Acre Lot — Lowell, NC
2 Bed · 1 Bath · 936 Sq Ft
Updated interior, oversized lot, two-car covered carport — great starter or rental
2
Beds
1
Baths
936
Sq Ft
1949
Built
0.47 acres
Lot
Two-car covered carport (attached); additional driveway parking
Garage
About 500 Gann St
This single-story ranch blends smart updates with a rare half-acre yard in Lowell. The compact 936-square-foot floor plan has been refreshed with LVP flooring, new paint, and upgraded lighting for a clean, modern feel. The kitchen was recently remodeled with new cabinetry, countertops, sink and fixtures — practical choices that deliver immediate functionality without the wait. A single full bath features a refreshed vanity and tub surround. The home’s mechanicals include a heat pump with natural gas service, giving buyers options on heating/cooling efficiency.
Functionality is a highlight: a dedicated utility room houses laundry hookups and extra storage, while the exterior offers both an attached two-car covered carport (526 sq ft referenced) and generous driveway space for guests or a small trailer. The oversized .47-acre lot sets this property apart in the price band—room enough for a garden, workshop, play area, or future backyard improvements (confirm permits with city/county).
Whether you’re purchasing your first home, downsizing to single-level living, or adding a low-maintenance rental to your portfolio, the layout and recent interior updates reduce near-term renovation needs. The home is conveniently located for local errands in Lowell and provides straightforward commuting options to Gastonia and the greater Charlotte area.
Schedule a tour to see how this renovated ranch on an uncommon lot size offers practical everyday living and upside for modest outdoor enhancements. Seller disclosures and property condition reports available on request.
Home Highlights
Property Features
Interior Features
- 2 bedrooms, 1 full bathroom
- 936 sf single-story layout
- Luxury vinyl plank (LVP) flooring
- Updated kitchen: new cabinetry, countertops, sink, faucets
- Upgraded lighting and fresh paint
- Functional utility room with washer/dryer hookups
- Heat pump + natural gas
Exterior & Lot
- Oversized .47-acre (20,473 sf) lot
- Two-car covered carport (attached) — 526 sf area referenced
- Driveway parking for additional vehicles
- Level lot with ample rear yard for landscaping or outbuildings (verify permits)
Location & Neighborhood
- City of Lowell, Gaston County
- Short drive to local shopping and services
- Commuter access to Gastonia and Charlotte via US-29/74 and nearby highways
- Quiet residential street on Gann St
Walkability & Recreation
- Walkability Rating: 35/100
- Nearby parks and green spaces within a few miles
- Easy car access to regional trails and recreational facilities
- Good yard space for private outdoor recreation
Neighborhood & Location
Lowell is a small, residential community in Gaston County with a mix of modest single-family homes and larger yards uncommon inside busier suburbs. The area appeals to buyers seeking lower entry prices than Charlotte proper while preserving reasonable commute access. Local amenities include neighborhood businesses, parks, and easy access to regional thoroughfares into Gastonia and Charlotte.
Market Insights
The Lowell submarket (Gaston County) sits as an affordable edge-of-Charlotte option. In early 2026 the micro-market favors sellers for well-priced, updated single-family homes, with median sale prices in nearby corridors roughly in the low-to-mid $200s to low $300s depending on size and lot. Inventory remains tight relative to historical averages (approx. 2–3 months), producing steady demand for move-in-ready ranches and starter homes. For buyers, this property represents a value play: updated interior finishes and an unusually large lot for the price create differentiation. For investors, rental demand for modest 2BR homes is steady; expect achievable rents in the $1,200–$1,450/month band. Verify local comps and taxes for precise positioning.
Nearby Schools
Lowell Elementary School
Elementary · 1.5 mi
Lowell Middle School
Middle · 1.8 mi
North Gaston High School (or assigned Gaston County high)
High · 6-8 mi
Walkability & Recreation
Large private yard and nearby municipal parks provide solid options for outdoor recreation; regional trails and lakes are a short drive away.
Investment Highlights
- Updated interior (LVP floors, new cabinetry/countertops, upgraded lighting)
- Oversized .47-acre lot—rare lot size for this price band
- Single-story 936 sf layout—appeals to downsizers and first-time buyers
- Functional utility room and two-car covered carport (526 sf)
- Municipal water and sewer; heat pump with natural gas backup
Key Findings
- List price: $259,900 — price per sf ~ $278
- 936 gross living area, built 1949, 2 beds/1 bath
- Lot size ~20,473 sf (~0.47 acres)
- Recent interior updates reduce near-term capex for buyers
- Located in Lowell (Gaston County) with reasonable commute access to Gastonia/Charlotte
Things to Consider
- Small living area (936 sf) limits buyer pool for larger families
- Older home (1949) — potential for deferred maintenance in non-visible systems
- Zoning specifics and permit history not verified; confirm for outbuildings/additions
- Limited bathroom count (1 full bath) may affect rental yield or resale to some buyers
Opportunity Analysis
Acquire a renovated, single-story cottage on an unusually large lot for the price; hold as an affordable rental or owner-occupier with upside from small exterior improvements or garden/ADU (subject to zoning).
Potential Use Scenarios
- Purchase as owner-occupant for immediate move-in and low near-term capex
- Investor buy-and-hold; market to long-term renters seeking single-level living near Gastonia/Charlotte
- Modest exterior landscaping or backyard amenity additions to increase curb appeal and rent/sale value
Risk Factors
- Potential for hidden capital expenditures due to age of home
- Single bathroom constrains certain buyer segments
- Local rental rate pressure if supply increases
Buyers should conduct independent due diligence before making any purchase decisions.
AI Valuation Estimate
Low
$245K
Midpoint
$260K
High
$275K
$278/SF estimated price per square foot
Estimate anchored to list price ($259,900) and adjusted for size (936 sf), condition (recent interior updates), year built (1949), and oversized lot (.47 ac). No live comps search performed; range reflects typical +/-6% market variance for similar homes in Lowell/Gaston County as of 2026.
As of 2026-03-14
This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.
Market & Area Data
Market Trends
Demographics
Lowell and Gaston County have experienced steady modest growth as part of the Charlotte metro spillover; more rapid appreciation nearer I-85 and Charlotte.
Nearby Points of Interest
- Downtown Lowell (1.0 mi)
- Gaston County parks and community facilities (2-4 mi)
Short drive to convenience shopping, local restaurants, and services in Lowell and neighboring Gastonia. Commute routes toward Charlotte via US-29/74 and I-85 are accessible within 15–25 minutes.
School District
Market data is based on aggregated public records and may not reflect real-time conditions.
Property Details
Building Details
Lot & Site
Utilities
Zoning & Land Use
Allowed Uses
Tax & Sale History
Tax Assessment
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