Property listing for 549 Annie Lowery Way, Davidson, NC 28036
ActiveTownhome

$210,000

549 Annie Lowery Way, Davidson, NC 28036

New 3BR Deed-Restricted Townhome Steps from Downtown Davidson

3 Bed · 2.5 Bath · 1,849 Sq Ft

Affordable, owner-occupant only — apply through Town of Davidson program

3

Beds

2.5

Baths

1,849

Sq Ft

2026

Built

Townhome / community lot

Lot

Attached 2-car garage with storage

Garage

About 549 Annie Lowery Way

Offered through the Town of Davidson Affordable Housing program, 549 Annie Lowery Way is a brand-new three-bedroom, 2.5-bath townhome in Parkside Commons built in 2026 and impeccably finished for practical modern living. The lower level provides a flexible space ideal for a home office, playroom, or rec area, with convenient under-stair storage, a drop zone, and direct access to the attached two-car garage. Move upward to the second floor and you’ll find an open-plan great room framed by a wall of windows and a dining area that flows to a rear deck — a comfortable everyday layout for entertaining and daily life.

The kitchen is built for function: a center island with seating, granite countertops, neutral cabinetry, stainless steel appliances, and a sizable walk-in pantry plus two additional closets for storage. A main-level half bath adds convenience. The third floor houses all three bedrooms and the laundry closet — the primary suite includes a walk-in closet and a private bathroom with a glass shower. Clean tile and carpeted bedrooms, insulated windows and doors, central air, and modern safety systems (smoke and CO detectors) complete the home.

This offering is strictly for homeowner-occupants who meet the Town’s Target Household standards (80% or less of AMI) and agree to the 90-year affordable deed restrictions. The Town’s selection process and documentation requirements are part of the purchase; please contact the listing agent for AMI forms and instructions. For qualified buyers, this is a rare opportunity to own new construction in Davidson at a substantially reduced price point — immediate access to downtown shops, restaurants, Davidson College, and Lake Norman recreation make this a highly desirable lifestyle location.

Schedule a showing through the listing agent and submit required AMI documentation with your NC Offer to Purchase. Incomplete applications will not be accepted; offers will be entered into the Town’s selection process per the published instructions.

Home Highlights

Offered by Town of Davidson Affordable Housing Department (owner-occupant requirement)Brand-new construction (2026) with modern finishes1,849 SF, 3 beds / 2.5 baths, 2-car attached garageLarge kitchen with walk-in pantry and center islandShort walk to downtown Davidson and Davidson College

Property Features

Interior Features

  • 1,849 SF across three levels
  • 3 bedrooms, 2.5 baths
  • Flex space on lower level (office/rec room)
  • Open great room with wall of windows
  • Kitchen with granite counters, center island, stainless appliances
  • Walk-in pantry and multiple closets
  • Laundry closet on bedroom level

Exterior & Lot

  • Attached 2-car garage with storage
  • Rear deck off living area
  • Community-style townhome lot in Parkside Commons
  • Underground utilities and city water/sewer

Location & Neighborhood

  • Short walk to downtown Davidson dining & shops
  • Davidson College less than 1 mile
  • Quick access to Lake Norman recreation
  • Convenient commute access to I-77 / Charlotte

Walkability & Recreation

  • Walkability Rating: 78/100
  • Walking distance to local restaurants, grocery, and services
  • Nearby trails and Lake Norman boating within a short drive

Neighborhood & Location

Parkside Commons sits on the quieter edge of downtown Davidson, offering residents easy pedestrian access to the village’s shops, cafes, and community events while maintaining a residential feel. The neighborhood blends contemporary townhome clusters with pocket green spaces and sidewalks that connect to downtown. Proximity to Davidson College contributes to a collegiate, civic-oriented atmosphere and year-round neighborhood activity.

Market Insights

Davidson remains a premium pocket in the Charlotte MSA, with high demand for properties close to downtown and Davidson College. Inventory for owner-occupied homes is typically tight, which supports steady pricing for comparable properties. However, this unit is deed-restricted and marketed to income-qualified owner-occupants, which significantly alters its market dynamics: it will likely attract many pre-qualified buyers but does not follow the normal investor/resale path. Expect competitive interest from the local pool of qualified buyers; financing and appraisal will hinge on lenders familiar with restricted-sale programs. For an eligible purchaser, this is a rare entry into Davidson new construction at an exceptional price.

Nearby Schools

Davidson K-8

Elementary/Middle · 0.5-1.0 mi

8/10

William Amos Hough High School

High · 4-6 mi

7/10

Walkability & Recreation

78
Walkability
85
Recreation

Within walking distance to downtown amenities and short drives to Lake Norman parks, boat ramps, and multi-use trails — strong for active outdoor lifestyles.

Investment Highlights

  • Brand-new 3-bed, 2.5-bath townhome (1,849 SF) with modern finishes.
  • Exceptionally priced at $210,000 via Town of Davidson Affordable Housing program.
  • Owner-occupant only; 90-year deed restrictions provide long-term affordability.
  • Prime proximity to downtown Davidson, Davidson College, and Lake Norman.

Key Findings

  • Listed price: $210,000; price per SF ≈ $114.
  • New construction (2026) with excellent condition and contemporary features.
  • Deed-restricted sale requires buyer to meet ≤80% AMI and owner-occupancy.
  • Public records show a $500,000 entry (2/10/2026) — verify title/transaction details.
  • HOA is mandatory (fee amount not listed); confirm HOA covenants and dues.

Things to Consider

  • Long-term deed restrictions will limit resale price and market liquidity.
  • Financing may be constrained; not all lenders will underwrite restricted units.
  • Public-record sale price discrepancy needs verification prior to closing.
  • HOA fees unknown; budget and governance details must be confirmed.

Opportunity Analysis

Acquire a rare deed-restricted new-construction home in downtown Davidson at an affordable entry price if you qualify by AMI and intend to occupy long-term. The home offers immediate lifestyle value and limited downside for owner-occupants but is unsuitable for conventional investors.

Potential Use Scenarios

  • If eligible, secure a lender experienced with affordable/deed-restricted home programs and obtain pre-approval prior to submitting AMI documentation.
  • Confirm all deed-restriction documents and HOA covenants with Town and title company; resolve the $500k public-record entry.
  • Negotiate contract contingencies around documentary verification and financing approval.

Risk Factors

  • Resale value tied to deed restrictions and program rules.
  • Potential appraisal gaps if comparables are unrestricted market-rate homes.
  • Administrative selection process (random selection among qualifying offers) adds process risk.

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

AI Valuation Estimate

Low

$200K

Midpoint

$215K

High

$230K

$113.63/SF estimated price per square foot

65% confidence

Estimate anchored to the listed price ($210,000), AVM (~$215k), and typical market premiums for Davidson townhomes. Deed restrictions and buyer eligibility materially affect market comparables and resale value.

As of 2026-03-11

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$550,000
Avg Days on Market25 days
Inventory2.5 months
1-Year Appreciation+300.0%

Demographics

Population (1 mi)4,000
Median Income (1 mi)$95,000

Davidson has seen steady demand driven by college-related housing demand and Lake Norman area employment centers. Small-town character with premium pricing relative to surrounding suburbs.

Nearby Points of Interest

  • Davidson College (<1 mile)
  • Downtown Davidson shops & restaurants (0.1-0.5 mile)
  • Lake Norman shoreline & public access (2-3 miles)

Convenient walk to downtown Davidson dining and shops, quick access to Davidson College, and a short drive to Lake Norman recreation and I-77 for Charlotte access.

School District

DistrictCharlotte-Mecklenburg Schools (CMS)
ElementaryDavidson K-8 (Charlotte-Mecklenburg Schools) — rating approx 8/10
MiddleDavidson K-8 serves middle grades (8/10)
HighWilliam Amos Hough High School (or assigned CMS high school; verify exact assignment) — rating approx 7/10

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

Property Details

Building Details

Year Built2026
Constructionwood frame (likely) with modern finishes
Stories3
HeatingElectric
CoolingCentral Air
Basementnone
FireplaceNo
Conditionexcellent

Lot & Site

Topographylevel
Parkingattached_garage_and_driveway
Parking Spaces2

Utilities

WaterCity
SewerPublic Sewer
ElectricElectricity Connected (underground utilities)

Zoning & Land Use

DescriptionResidential townhome / attached housing allowed under local zoning and planned community regulations.
JurisdictionTown of Davidson / Mecklenburg County

Allowed Uses

Owner occupied single family attached dwellingAccessory uses per HOA and town zoning
Current Useresidential

Tax & Sale History

Tax Assessment

Sale History

2026-02-10$500,000
2026-03-06$210,000

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