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547 Melody Lane

547 Melody Lane, Memphis, TN 38120
547 Melody Lane in Memphis, TN was first built in 1958 and is 68 years old. This has been categorized as a property type. For those interested in architecture, the building on the property was built in a . There are a total of 100 floors. There are a total of 7 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 547 Melody Lane has 1,794 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 740 ft and the linear feet between the front and back of the lot is 1,620. In total, the area measurement of the land is 11,988 square feet.

Learn more about the property and building on this page. There is a . The home has a style roof made of . For those who need parking, there is a . The garage is 500 sqft. The quality of the control joints have been graded by the local assessor with a letter grade of . The condition of the building has been evaluated as . The exterior walls of the home are made of . Walk into the home itself and you'll find that it is currently being cooled with . As for heating, the home is utilizing and being fueled with . There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 547 Melody Lane sold most recently in Feb 18, 2022 for a total of $355,000. If you work out the math, that's approximately a cost of $197.88 per sqft. Before that, the property was also sold for $290,000 in Sep 10, 2021. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $456,569 in taxes each year. 547 Melody Lane was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $74,950. If we break it down further, the land itself was valued at $20,825. Improvements to the property, however, were assessed at a total of $54,125. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Driveway

Driveway

Parking

Garage Parking

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By
20210811
08/11/2021
3 Bed
2 Bath
-
$300,000
bedrooms
3 Bed
bathrooms
2 Bath
-
-
Donnie Morrow
eXp Realty, LLC


Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 6
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 1
  • Exterior Walls Type: 3
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 500
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 81
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,988
  • Lot Size Depth Feet: 1,620
  • Lot Size Frontage Feet: 740
  • Total Building Area: 1,794
  • Gross Building Area: 1,983
  • Building Area: 1,794
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,794
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAURIE LANE THIRD ADDITION
  • Land Acres: 0000000275
  • Standard Land Use Code: 1001
  • County Land Use Code: 062
  • Legal Description 1: OF LOTS 123 THRU 125 LAURIE LANE SECOND ADDN & TRACT SUBDV WS MELODY LN

Neighborhood

  • School District Name: Shelby County School District
  • Census Tract: 009600

Zoning

  • Zoning: R-10

Geography

  • District: O
  • Parcel: 05-6047-0-0033
  • Lot: 127
  • Municipality: MEMPHIS
  • Latitude: 35.1161
  • Longitude: -89.8788

    Address

  • Full Address: 547 Melody Ln
  • Address - House Number: 547
  • Address - Street Name: Melody
  • Address - Suffix Type: Ln
  • State: TN
  • City Name: Memphis
  • Carrier Code: C078
  • 4-Digit Zip Code: 2451
  • Zip Code: 38120

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $456,569

    Appraisal Valuation

  • Standard Deviation: 0.2325
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 67
  • Final Value: 367,943
  • High Value: 453,518
  • Low Value: 282,368

    Market Valuation

  • Market Total Value: $299,800
  • Market Land Value: $83,300
  • Market Improvement Value: $216,500

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $74,950
  • Assessed Land Value: $20,825
  • Assessed Improvements Value: $54,125

    Sales

  • Current Sale Contract Date: Feb 18, 2022
  • Current Sale Recording Date: Feb 24, 2022
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 21603
  • Previous Sale Recording Date: Oct 11, 2021
  • Previous Sale Contract Date: Sep 10, 2021
  • Previous Sale Amount: $290,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

About White Station-Yates



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Frequently Asked Questions

What neighborhood is 547 Melody Lane located in?
The 547 Melody Lane is a house located in the neighborhood of White Station-Yates in White Station-Yates, Memphis.
What is the average sales price for listings in 547 Melody Lane?
The average sales price for units in 547 Melody Lane is $0 currently.