For sale

Price cut: $20K (7/30)

$448,500

496 Melody Ln, Memphis, TN 38120

3beds

1,960sqft

$2,941/mo

Get pre-qualified

Single Family Residence

Built in 1958

0.41 Acres Lot

$437,100 Zestimate^®

$229/sqft

$-- HOA

What's special

Double car garageCove lot

Many great features, one story cove lot double car garage/0workshop.

188 days
131
5

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Primary bedroom

Level: First
Area: 168
Dimensions: 14 x 12

Bedroom 2

Area: 132
Dimensions: 12 x 11

Bedroom 3

Area: 160
Dimensions: 16 x 10

Dining room

Features: Separate Dining Room
Area: 120
Dimensions: 12 x 10

Kitchen

Features: Updated/Renovated Kitchen
Area: 170
Dimensions: 17 x 10

Living room

Features: Separate Den, Separate Living Room
Area: 140
Dimensions: 14 x 10

Den

Area: 221
Dimensions: 17 x 13

Heating

Central, Natural Gas

Cooling

Central Air, Common Cooling System

Appliances

Included: Gas Water Heater

Features

All Bedrooms Down, Renovated Bathroom, Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
Flooring: Hardwood, Tile
Doors: Storm Door(s)
Windows: Double Pane Windows
Basement: Crawl Space
Number of fireplaces: 1
Fireplace features: In Den/Great Room, Masonry

Interior area

Total interior livable area: 1,960 sqft

Property

Parking

Total spaces: 2
Parking features: Garage Faces Front, Garage Door Opener, Workshop in Garage
Has garage: Yes
Covered spaces: 2

Features

Stories: 1
Patio & porch: Patio
Pool features: None
Fencing: Chain Link,Wood
Waterfront features: Cove

Lot

Size: 0.41 Acres
Dimensions: 115 x 157
Features: Level, Some Trees

Details

Additional structures: Storage
Parcel number: 056047 00024

Construction

Type & style

Home type: SingleFamily
Architectural style: Traditional
Property subtype: Single Family Residence

Materials

Brick Veneer
Roof: Composition Shingles

Condition

New construction: No
Year built: 1958

Utilities & green energy

Sewer: Public Sewer
Water: Common Hot Water, Public

Community & HOA

Community

Security: Monitored Alarm System
Subdivision: Melody Lane

Location

Region: Memphis

Financial & listing details

Price per square foot: $229/sqft
Tax assessed value: $362,700
Annual tax amount: $4,779
Price range: $448.5K - $448.5K
Date on market: 2/27/2026
Cumulative days on market: 189 days
Listing terms: Conventional,VA Loan

Estimated market value

$437,100

$415,000 - $459,000

$2,550/mo

Price history

Date	Event	Price
7/30/2026	Price change	$448,500-4.3%$229/sqft
Source: MAAR #10215533 Report a problem
5/14/2026	Price change	$468,500-2.1%$239/sqft
Source: MAAR #10215533 Report a problem
4/29/2026	Price change	$478,500-4%$244/sqft
Source: MAAR #10215533 Report a problem
2/27/2026	Listed for sale	$498,500+185.7%$254/sqft
Source: MAAR #10215533 Report a problem
8/14/1997	Sold	$174,500$89/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,779 -3.4%	$90,675 +20.7%
2024	$4,946 +8.1%	$75,100
2023	$4,575	$75,100
2022	--	$75,100
2021	--	$75,100 +26%
2020	$1,906	$59,625
2019	$1,906 -21.1%	$59,625
2018	$2,415 -45.1%	$59,625
2017	$4,401 +120.1%	$59,625 +1.4%
2016	$1,999 -13%	$58,800
2014	$2,298	$58,800
2013	--	$58,800 -18.4%
2012	--	$72,050
2011	--	$72,050
2010	--	$72,050 -5.7%
2009	--	$76,400 +29.1%
2008	--	$59,175
2007	--	$59,175
2006	--	$59,175
2005	--	$59,175 +20.6%
2004	--	$49,075
2003	--	$49,075
2002	--	$49,075
2001	--	$49,075 +27.1%
2000	--	$38,600