CompCasa Property Analysis · single_family

708 Pennwood Ln

Charming 3‑Bed Ranch with Large Lot — Minutes to NoDa & Uptown

Single-level living on a .22-acre lot close to Charlotte’s best scenes.

3 beds2 baths1,292 sq ftBuilt 19830.22 acresnone
CompCasa valuation analysis
Estimated market value
$335,000
Low $320,000 · Midpoint $335,000 · High $350,000
Confidence65%Sales comparison approach
CompCasa estimate$335,000Mar 11, 2026
$320,000$335,000 midpoint$350,000
Price / sq ft$259
Avg days on market20 days
Inventory2.5 months
1-year appreciation300.0%

Estimate anchored to the active list price ($335,000) and local market knowledge for the NoDa / North Charlotte corridor. Considered size (1,292 SF), lot (~0.22 ac), year built (1983), and single-level appeal. No live comps pulled; buyer/seller negotiation, condition, and recent interior updates can push final price toward high end.

About the property

Charming 3‑Bed Ranch with Large Lot — Minutes to NoDa & Uptown

This well-maintained ranch at 708 Pennwood Ln delivers tidy, single‑level living and an unusually generous yard for the north‑central Charlotte corridor. At approximately 1,292 finished square feet the home offers three comfortable bedrooms and two full baths arranged for privacy and practicality. The primary suite includes an ensuite bath; two additional bedrooms share a second full bath—perfect for a work-from-home parent needing a private bedroom, roommates, or a guest suite.

The interior feels straightforward and livable: functional circulation, classic footprint, and the kind of layout that benefits most from modest cosmetic updates that deliver immediate value. Outside, the property sits on a roughly 0.22‑acre lot — a standout feature in this part of the city. The backyard supports extended outdoor living, gardening, or a play area and creates the opportunity for an accessory structure or addition (subject to permitting).

Location is a core asset here. You’re minutes from the creative amenities of NoDa, the growing activity at Camp North End, and an easy drive into Uptown Charlotte. Commutes to central employment nodes are short, and local dining, breweries, and greenways are within easy reach. The home’s single‑story plan appeals to buyers seeking low‑maintenance living or investors seeking a solid rental proposition in an appreciating inner ring of the city.

Practical details: listed at $335,000, no HOA, and an active listing with strong early interest. There is no attached garage, but a private driveway and street parking accommodate daily needs. Seller disclosures and inspection reports are available upon request. Schedule a showing to see how this quietly spacious lot and functional ranch plan match your next move in Charlotte.

Property details

A 1983 ranch on 0.22 acres.

Building

Year built1983
ConstructionWood Frame

Site & utilities

Lot size0.22 acres
Garagenone
Stories1
ConditionGood
BasementNone
FireplaceNo
Improvement notesDescribed as well-maintained ranch with private backyard; single-level layout appeals to downsizers and families.
Lot area9,583 sq ft
TopographyLevel
ParkingDriveway And Street
Parking spaces2
Parking notesNo attached garage noted in listing. Driveway and on-street parking likely.
AccessStandard residential street access; convenient proximity to major city arterials.
WaterCharlotte Water (City) — Likely
SewerCity Sewer (Likely)
ElectricDuke Energy (Likely)
GasNatural Gas Available (Likely)
Location & nearby

North/NoDa corridor (approx.)

Researched nearby locations

NoDa arts & dining district (≈1–1.5 mi)
Camp North End (≈1–2 mi)

Location

708 Pennwood Ln, Charlotte, NC 28215

View in Google Maps
Editorial neighborhood context

This section of north/central Charlotte blends older single-family neighborhoods with pockets of new development and adaptive reuse. The nearby NoDa arts district and Camp North End provide dining, entertainment, and creative office space that have driven local demand. Streets are a mix of established bungalows and mid‑century ranches; community character skews toward walkable, amenity-oriented urban living while still offering yards and quieter residential blocks.

Nearby access summary

Good access to parks, greenways, and urban recreation nodes—walkable to local dining and short drives to larger park systems and trails.

ElementaryCharlotte-Mecklenburg Schools — verify assignment (likely neighborhood elementary within CMS; see note)
Middle schoolCharlotte-Mecklenburg Schools — verify assignment
High schoolCharlotte-Mecklenburg Schools — verify assignment
School districtCharlotte-Mecklenburg Schools (CMS)
Market context

A factual market snapshot around 708 Pennwood Ln.

Avg days on market20 days
Inventory2.5 months
1-year appreciation300.0%
5-year appreciation2000.0%
Editorial market perspective

The north/central Charlotte pocket around NoDa and Camp North End remains one of the stronger urban infill submarkets in the metro. Inventory is modest and demand favors homes that combine walkable access to arts/dining corridors with private outdoor space. Median sale prices in central Charlotte have stabilized after rapid growth earlier in the decade; typical appreciation in this corridor has outpaced many outlying suburbs. For buyers, this is an opportunity to secure single-level living close to employment and cultural anchors. For investors, low vacancy and a healthy rental market in central neighborhoods support consistent cashflow — renovated three-bed ranches command premiums. Expect marketing to attract both owner-occupants and investors; pricing near $259/SF aligns competitively with nearby unrenovated product while offering upside through modest updates.

Zoning & land use

Residential single-family zoning allowing detached houses; small-lot infill typical in this area.

Zoning

Zoning codelikely R-3 / R-4 (single-family residential)
DescriptionResidential single-family zoning allowing detached houses; small-lot infill typical in this area.
JurisdictionCity of Charlotte
Current useResidential

Research-indicated uses

  • Single Family Detached Homes
  • Accessory Structures Per Local Code
  • Potential For Small Additions/Renovations Subject To Local Permits
Verify with the jurisdiction: Zoning, setbacks, and allowed-use summaries are research indicators—not legal advice or a determination that a specific use is permitted.
Research findings & due diligence

What the research supports — and what is still worth verifying.

Key findings

  • 1,292 SF built in 1983; 3 beds, 2 baths (source: MLS scrape)
  • Lot size 9,583 SF (~0.22 acres) offers expansion/landscape upside
  • No attached garage; driveway and street parking only (per scrape)
  • Active listing price $335,000; days on market: 5
Highlights & features

What stands out about this property.

01Large 0.22‑acre lot—rare for this area
02Single-level, move-in-ready ranch with 3 beds/2 baths
03Competitive price point at $259/SF
04Minutes from NoDa, Camp North End, and Uptown

Interior Features

  • 3 bedrooms, 2 full bathrooms
  • Single-level ranch layout — 1,292 SF
  • Primary suite with private bath
  • Functional footprint suited to updates and personalization
  • Neutral shell for design improvements

Exterior & Lot

  • Generous 0.22‑acre lot (9,583 SF)
  • Private backyard ideal for entertaining or gardening
  • Driveway parking plus street access
  • Mature neighborhood trees and suburban-scaled setback

Location & Neighborhood

  • Approx. 1–2 miles to NoDa and Camp North End
  • Short drive to Uptown Charlotte and major arterials
  • No HOA
  • Inner‑ring city location with development momentum

Walkability & Recreation

  • Walkability Rating: 55/100
  • Nearby parks and greenways within a few minutes
  • Easy access to dining, breweries, and arts districts
  • Close to transit corridors for Uptown commutes
Research transparency

Sources & research confidence.

See where the property research came from and how confidence varies by field.

View sources & confidence
1
Redfin scraped JSONView source
Important: This analysis is AI-assisted using pre-scraped listing data and model knowledge. It is not a formal appraisal. Verify all critical facts before making decisions.