Property listing for 708 Pennwood Ln, Charlotte, NC 28215
ActiveSingle Family Home

$335,000

708 Pennwood Ln, Charlotte, NC 28215

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

3 Bed · 2 Bath · 1,292 Sq Ft

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

3

Beds

2

Baths

1,292

Sq Ft

1983

Built

0.22 acres

Lot

None — driveway + street parking

Garage

About 708 Pennwood Ln

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.

Home Highlights

Large 0.22‑acre lot—rare for this areaSingle-level, move-in-ready ranch with 3 beds/2 bathsCompetitive price point at $259/SFMinutes from NoDa, Camp North End, and Uptown

Property Features

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

Neighborhood & Location

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.

Market Insights

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.

Nearby Schools

Charlotte-Mecklenburg Schools (verify assignment)

District · Varies

Varies by school

Walkability & Recreation

55
Walkability
70
Recreation

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

Investment Highlights

  • Single-level 3 BR / 2 BA ranch with broad market appeal
  • Large 0.22-acre lot—rare outdoor space near NoDa and Camp North End
  • Short commute to Uptown and proximity to growing creative/tech hubs
  • Listed competitively at $259/SF versus inner-city renovated product

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

Things to Consider

  • Exact school assignments need CMS verification (address-specific)
  • Limited interior systems data (HVAC, appliances) in scraping — verify mechanical condition
  • No garage reduces appeal for some buyer segments and may affect value vs. renovated nearby comps

Opportunity Analysis

Buyers seeking entry-to-mid market single-family homes near Charlotte’s cultural and employment hubs can acquire a move-in-ready ranch with land upside at a competitive price. Short-term upside comes from modest cosmetic updates; longer term benefits derive from neighborhood appreciation driven by NoDa/Camp North End growth.

Potential Use Scenarios

  • Owner-occupant: Purchase and make selective cosmetic upgrades (kitchen/baths, landscaping) to realize price uplift.
  • Investor: Light renovation and lease as a 3 BR to capture steady rental demand near employment nodes.
  • Developer/Builder: Explore small addition or backyard improvement depending on zoning and permit constraints.

Risk Factors

  • Mechanical or roof issues not disclosed in scrape
  • School assignment variability may impact some buyer cohorts
  • Local competition from recently renovated homes in NoDa/adjacent neighborhoods

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

AI Valuation Estimate

Low

$320K

Midpoint

$335K

High

$350K

$259/SF estimated price per square foot

65% confidence

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.

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

Avg Days on Market20 days
Inventory2.5 months
1-Year Appreciation+300.0%

Demographics

Median Income (1 mi)$60,000

North Charlotte and the NoDa corridor have experienced steady redevelopment and rising demand from young professionals and investors; infill and renovation activity continues.

Nearby Points of Interest

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

Close to creative job and entertainment hubs (NoDa, Camp North End), several parks and greenways, and direct routes to Uptown Charlotte — offering both walkable local amenities and fast highway access.

School District

DistrictCharlotte-Mecklenburg Schools (CMS)
ElementaryCharlotte-Mecklenburg Schools — verify assignment (likely neighborhood elementary within CMS; see note)
MiddleCharlotte-Mecklenburg Schools — verify assignment
HighCharlotte-Mecklenburg Schools — verify assignment

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

Property Details

Building Details

Year Built1983
Constructionwood frame
Stories1
Basementnone
FireplaceNo
Conditiongood

Lot & Site

Lot Size0.22 acres (9,583 SF)
Topographylevel
Parkingdriveway_and_street
Parking Spaces2

Utilities

WaterCharlotte Water (city) — likely
SewerCity sewer (likely)
ElectricDuke Energy (likely)
GasNatural gas available (likely)

Zoning & Land Use

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

Allowed Uses

Single family detached homesAccessory structures per local codePotential for small additions/renovations subject to local permits
Current Useresidential

Tax & Sale History

Tax Assessment

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