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For sale
    • Price cut: $10K (7/8)
    $239,000

    506 Melody Ln, Gainesville, TX 76240

    3beds
    1,464sqft
    : 
    $1,923/mo
    Get pre-qualified
    Single Family Residence
    Built in 1960
    9,408 Square Feet Lot
    $234,400 Zestimate®
    $163/sqft
    $-- HOA

    What's special

    Functional floor planSpacious corner lotKitchen improvements
    Seller finance may be an option! Welcome home to this beautifully updated 3-bedroom, 2-bath property situated on a spacious corner lot in a convenient Gainesville location. Just minutes from the elementary school, this home offers both comfort and practicality for everyday living. Inside, you’ll find numerous recent updates, including stylish new vinyl flooring throughout the main living areas, updated tile in the bathrooms, kitchen improvements, and brand-new electrical upgrades for added peace of mind. The functional floor plan provides comfortable living spaces, while the large backyard offers plenty of room for outdoor entertaining, pets, gardening, or future projects. Whether you’re a first-time homebuyer, growing family, or investor, this move-in-ready home combines modern updates, a desirable corner lot, and a convenient location all in one package.
    59 days
    |
    277
    |
    17
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Kimberly Cain 0722807 940-668-8523,

    THE REAL ESTATE COMPANY 940-668-8523

    Source: NTREIS,MLS#: 21294250

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      Primary bedroom
      • Level: First
      • Dimensions: 17 x 11
      Bedroom
      • Level: Second
      • Dimensions: 17 x 10
      Bedroom
      • Level: Second
      • Dimensions: 13 x 12
      Dining room
      • Level: First
      • Dimensions: 13 x 12
      Other
      • Level: First
      • Dimensions: 7 x 7
      Other
      • Level: Second
      • Dimensions: 7 x 8
      Kitchen
      • Level: First
      • Dimensions: 13 x 11
      Living room
      • Level: First
      • Dimensions: 17 x 12
      Heating
      • Central
      Cooling
      • Central Air, Ceiling Fan(s)
      Appliances
      • Included: Dishwasher, Electric Range, Disposal
      • Laundry: Laundry in Utility Room
      Features
      • Cable TV
      • Flooring: Luxury Vinyl Plank, Tile
      • Has basement: No
      • Has fireplace: No
      Interior area
      • Total interior livable area: 1,464 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 2
      • Parking features: Garage, Garage Faces Side
      • Attached garage spaces: 2
      Features
      • Levels: Two
      • Stories: 2
      • Pool features: None
      • Fencing: Back Yard
      Lot
      • Size: 9,408 Square Feet
      Details
      • Parcel number: 9544

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Traditional,Detached
      • Property subtype: Single Family Residence
      • Attached to another structure: Yes
      Materials
      • Brick
      • Foundation: Slab
      • Roof: Composition
      Condition
      • Year built: 1960

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Connected, Sewer Available, Water Available, Cable Available

      Community & HOA

      Community
      • Subdivision: Joy Acres
      HOA
      • Has HOA: No
      Location
      • Region: Gainesville

      Financial & listing details

      • Price per square foot: $163/sqft
      • Tax assessed value: $191,197
      • Annual tax amount: $4,802
      • Date on market: 6/6/2026
      • Cumulative days on market: 60 days
      • Listing terms: Cash,Conventional,FHA,VA Loan
      • Road surface type: Asphalt

        Estimated market value

        $234,400

        $223,000 - $246,000

        $2,036/mo

        Price history

        DateEventPrice
        7/8/2026Price change$239,000-4%$163/sqft
        Source: NTREIS #21294250 Report a problem
        6/19/2026Price change$249,000-2.4%$170/sqft
        Source: NTREIS #21294250 Report a problem
        6/6/2026Listed for sale$255,000+2%$174/sqft
        Source: NTREIS #21294250 Report a problem
        10/29/2025Listing removed$250,000$171/sqft
        Source: NTREIS #21065399 Report a problem
        9/19/2025Listed for sale$250,000$171/sqft
        Source: NTREIS #21065399 Report a problem
        9/6/2025Listing removed$250,000$171/sqft
        Source: NTREIS #20941952 Report a problem
        8/25/2025Contingent$250,000$171/sqft
        Source: NTREIS #20941952 Report a problem
        8/6/2025Price change$250,000-7.4%$171/sqft
        Source: NTREIS #20941952 Report a problem
        5/20/2025Listed for sale$269,900+38.4%$184/sqft
        Source: NTREIS #20941952 Report a problem
        2/9/2024Sold--
        Source: NTREIS #20515271 Report a problem
        1/23/2024Pending sale$195,000$133/sqft
        Source: NTREIS #20515271 Report a problem
        1/21/2024Listed for sale$195,000$133/sqft
        Source: NTREIS #20515271 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$4,802 +38%$191,197 +7.8%
        2023$3,479 -5.9%$177,343 +4.4%
        2022$3,698 +24.6%$169,868 +35.8%
        2021$2,967 $125,100 +16.1%
        2020-- $107,785 +10.1%
        2019$2,477 +14.6%$97,881 +13.9%
        2018$2,161 $85,933 +8.5%
        2017$2,161 +2%$79,206 +3.8%
        2015$2,119 +5.1%$76,297 +0.7%
        2014$2,016 $75,754 +0.5%
        2013-- $75,406 +2.2%
        2012-- $73,782 -4%
        2011-- $76,884 -3.2%
        2010-- $79,447 +5.8%
        2009-- $75,059 +7.4%
        2008-- $69,896
        2007-- $69,896
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 76240

        Getting around

        18 / 100
        Car-Dependent
        31 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Edison
        • Middle: Lee,Gainesvill
        • High: Gainesvill
        • District: Gainesville ISD

        Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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