Pending

$439,000

515 Melody Ln, Memphis, TN 38120

4beds

2,206sqft

$2,878/mo

Get pre-qualified

Single Family Residence

Built in 1958

0.26 Acres Lot

$437,200 Zestimate^®

$199/sqft

$-- HOA

What's special

Fabulous quiet coveLight-filled kitchenCovered carportGranite countertopsElectric gate

Move-in ready 4BR/3BA home on a fabulous quiet cove in the heart of East Memphis. This wonderfully maintained property features a light-filled kitchen with granite countertops that opens to the den with a wood-burning fireplace. The primary suite is an impressive addition, complete with a private office for today’s work-from-home needs with it's own entrance to the backyard. Fresh paint, an electric gate, a covered carport and wonderful yard (with irrigation) perfect for your furry friends or to sit and enjoy the outdoors. Charming, thoughtful colors flow throughout the home, giving every room the warmth and character expected in a fine East Memphis residence. A rare find on a quiet cove with the perfect blend of comfort, style, and location.

13 days
798
64

Likely to sell faster than

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 3
Full bathrooms: 3

Primary bedroom

Features: Walk-In Closet(s), Smooth Ceiling, Hardwood Floor
Level: First
Area: 208
Dimensions: 13 x 16

Bedroom 2

Features: Shared Bath, Smooth Ceiling, Hardwood Floor
Level: First
Area: 120
Dimensions: 10 x 12

Bedroom 3

Features: Shared Bath, Smooth Ceiling, Hardwood Floor
Level: First
Area: 140
Dimensions: 10 x 14

Bedroom 4

Features: Private Full Bath, Smooth Ceiling, Hardwood Floor
Level: First
Area: 120
Dimensions: 10 x 12

Primary bathroom

Features: Double Vanity, Tile Floor, Full Bath

Dining room

Features: Separate Dining Room
Area: 110
Dimensions: 10 x 11

Kitchen

Features: Breakfast Bar, Washer/Dryer Connections
Area: 120
Dimensions: 10 x 12

Living room

Features: Separate Living Room, Separate Den
Area: 195
Dimensions: 13 x 15

Office

Features: Smooth Ceiling
Level: First
Area: 84
Dimensions: 7 x 12

Den

Area: 221
Dimensions: 13 x 17

Heating

Central

Cooling

Central Air

Appliances

Included: Range/Oven, Disposal, Dishwasher, Refrigerator

Features

All Bedrooms Down, Primary Down, Double Vanity Bath, Full Bath Down, Living Room, Dining Room, Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 4th of More Bedrooms, 1 Bath, 2 or More Baths, Office, Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
Flooring: Part Hardwood, Tile
Attic: Pull Down Stairs
Number of fireplaces: 1
Fireplace features: Masonry, In Den/Great Room

Interior area

Total interior livable area: 2,206 sqft

Property

Parking

Total spaces: 2
Parking features: Driveway/Pad
Covered spaces: 2
Has uncovered spaces: Yes

Features

Stories: 1
Pool features: None

Lot

Size: 0.26 Acres
Dimensions: 80 x 144
Features: Level

Details

Parcel number: 056047 00029

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: Public

Community & HOA

Community

Security: Wrought Iron Security Drs
Subdivision: Melody Lane

Location

Region: Memphis

Financial & listing details

Price per square foot: $199/sqft
Tax assessed value: $405,800
Annual tax amount: $5,347
Price range: $439K - $439K
Date on market: 8/21/2026
Cumulative days on market: 13 days

Estimated market value

$437,200

$415,000 - $459,000

$2,787/mo

Price history

Date	Event	Price
8/26/2026	Pending sale	$439,000$199/sqft
Source: MAAR #10228892 Report a problem
8/21/2026	Listed for sale	$439,000+7.1%$199/sqft
Source: MAAR #10228892 Report a problem
4/19/2022	Sold	$410,000+3%$186/sqft
Source: MAAR #10122024 Report a problem
4/19/2022	Pending sale	$398,000$180/sqft
Source: MAAR #10122024 Report a problem
4/19/2022	Contingent	$398,000$180/sqft
Source: MAAR #10122024 Report a problem
4/19/2022	Listed for sale	$398,000+37.7%$180/sqft
Source: MAAR #10122024 Report a problem
8/5/2011	Listing removed	$289,000$131/sqft
Source: Hobson Realtors #3228082 Report a problem
7/16/2011	Listed for sale	$289,000-6.2%$131/sqft
Source: Hobson Realtors #3228082 Report a problem
5/4/2007	Sold	$308,000+24.4%$140/sqft
Source: Public Record Report a problem
4/23/2004	Sold	$247,500+77.2%$112/sqft
Source: Public Record Report a problem
11/22/1994	Sold	$139,656$63/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$5,347 +6.4%	$101,450 +33%
2024	$5,025 +8.1%	$76,300
2023	$4,648	$76,300
2022	--	$76,300 -6.7%
2021	--	$81,750 +25.8%
2020	$2,077	$64,975
2019	$2,077 -21.1%	$64,975
2018	$2,631 -45.1%	$64,975
2017	$4,796 +141.9%	$64,975 +11.4%
2016	$1,983 -10.2%	$58,325
2014	$2,209	$58,325 -8.5%
2013	--	$63,750 +6.3%
2012	--	$59,950 -13.5%
2011	--	$69,275
2010	--	$69,275
2009	--	$69,275 +51.2%
2008	--	$45,825
2007	--	$45,825
2006	--	$45,825
2005	--	$45,825
2004	--	--
2003	--	--
2002	--	--
2001	--	--
2000	--	--