$550,000
5 Bed · 5 Bath · 4,147 Sq Ft
Versatile multi-level living near Lake Jeanette and Friendly Center
5
Beds
5
Baths
4,147
Sq Ft
2005
Built
0.24 acres
Lot
2-car attached
Garage
The first thing you notice touring 511 Hannah McKenzie Drive is how the floor plan flexes to meet real life: a full walk-out basement with private bedroom and full bath that functions as an in‑law suite, a main level anchored by hardwood floors and an oversized deck, and a third level configured for exercise, study or extra guest space. Built in 2005 and thoughtfully updated, this 4,147-square-foot traditional home sits on a sloping, wooded 0.24-acre lot in McKenzie Place and delivers layered living across three levels.
Step inside to classic details and practical updates. The main living areas showcase hardwood flooring and a gas fireplace that centers the family room. The kitchen opens onto the deck—perfect for summer grilling—and provides sightlines out into the private backyard. The expansive primary suite is a true retreat, complete with a sitting area and generous bath; upstairs you’ll find an additional bedroom and a dedicated exercise/bonus space that adapts to working-from-home demands or a teen hangout.
Downstairs, the walk-out basement is a standout: private entrance, recreation area, bedroom and full bath make it ideal as a multigenerational suite or rental-ready apartment. Recent maintenance upgrades reduce near-term costs—most notably a new roof and a First American Home Warranty for buyer confidence. Mechanical systems are forced-air gas heating and central AC; a two-car attached garage plus driveway parking supports busy households.
Outside, the property’s sloping, wooded rear creates a quiet backdrop for the large deck and entertaining. Lake Jeanette is just 1.5 miles away for boating and shoreline walks, and Friendly Center’s shopping and dining are roughly five miles from your door. With a strong neighborhood reputation, convenient nearby schools, and flexible living spaces, this home suits families, buyers seeking rental income from the in‑law suite, or anyone who wants private outdoor space without sacrificing access to city amenities.
This is a well-maintained, versatile residence in a market where comparable homes move quickly. Bring your inspector and your design ideas—whether you keep the current configuration or refine rooms for a specific lifestyle, 511 Hannah McKenzie offers scale, privacy, and proven demand in McKenzie Place.
McKenzie Place is a mature, family-oriented pocket of Greensboro anchored by wooded lots and quick access to Lake Jeanette. Residents enjoy proximity to neighborhood schools, established shopping corridors at Friendly Center, and a collection of local restaurants and services a short drive away. Streets are largely residential with a mix of traditional single‑family homes; the community appeals to buyers who want privacy and yard space without sacrificing city conveniences. Active families will appreciate nearby parks, school programs, and easy access to regional roadways for commutes across the Triad.
Greensboro’s McKenzie Place currently tilts toward a seller’s market: inventory sits near 2.5 months and comparable homes typically sell in about 30 days. Area median sale prices hover around $500,000, and local appreciation has been modestly positive—approximately 5% over the last year and about 25% over five years. Single-family homes with flexible floor plans and finished basements, like this 5BR/5BA product, are in particular demand from families seeking extra living options and buyers open to rental income. Recent comps within the neighborhood show transactions in the $500K–$550K range, supporting an estimated value midpoint near $550,000 ($133/SF). Low inventory and steady buyer interest make now a favorable time to list or buy, especially when a property presents move-in-ready elements (new roof, home warranty) that reduce near-term maintenance risk. For investors, comparable rentals indicate an estimated monthly rent around $3,500, producing attractive gross yield relative to local cap rates. Caveats: verify system ages and school boundaries as part of due diligence; high school ratings in the area are mixed and can influence family buyer demand.
Jesse Wharton Elementary School
Elementary · 2.4 mi
Mendenhall Middle School
Middle · 3.2 mi
Page High School
High · 3.1 mi
Excellent access to Lake Jeanette (1.5 miles) for boating and water recreation, plus nearby green spaces and shopping at Friendly Center about five miles away—good options for walking, running, and weekend outdoor activities.
Low
$525K
Midpoint
$550K
High
$575K
$133/SF estimated price per square foot
Sales comparison approach using 3 comparable sales within 0.5 miles sold in last 6 months. Adjusted for size, condition, and lot size. Assessed value of $426,900 appears below market.
As of 2026-03-07
This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.
Stable population with moderate income levels. Walkability Rating estimate: 30/100.
Proximity to Lake Jeanette offers recreational opportunities. Nearby schools and shopping centers enhance convenience.
Market data is based on aggregated public records and may not reflect real-time conditions.
Allowed Uses
$92/SF
Arm's length transaction
$74/SF
New construction sale
Looking to buy or sell? Connect with a licensed local agent who knows this area.
Request a ShowingYour inquiry will be connected with a licensed local real estate professional through our brokerage partner.
No agency is currently featured for this market. Join the CompCasa Local Partner Program to get your brokerage placed on property pages like this one.
Learn About the Partner ProgramCompCasa is a marketing and technology platform. All brokerage services are provided by licensed partners.