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For sale
    • Price cut: $5K (6/29)
    $194,500

    523 Melrose Ln, Independence, VA 24348

    3beds
    1,260sqft
    : 
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    Single Family Residence
    Built in 1950
    0.54 Acres Lot
    $190,900 Zestimate®
    $154/sqft
    $-- HOA

    What's special

    Stylish new fixturesFresh mountain airNew paint throughoutFresh modern interiorBright living spacesClean and inviting feelQuiet private setting
    Welcome to this beautifully updated 3-bedroom, 1-bath home nestled in the scenic countryside of Independence. Offering the perfect balance of privacy and convenience, this charming property is an excellent opportunity for first-time buyers, downsizers, or anyone looking for a peaceful place to call home in the heart of the Blue Ridge Highlands. Step inside to discover a fresh, modern interior featuring new paint throughout, updated flooring, and stylish new fixtures that give the home a clean and inviting feel. The bright living spaces provide a comfortable layout for everyday living, while the refreshed kitchen and bath make this home move-in ready from day one. With three bedrooms, there is plenty of space for family, guests, a home office, or hobby room. Situated in a quiet, private setting, the property offers room to relax and enjoy the natural beauty that makes this area of Southwest Virginia so desirable. Enjoy your morning coffee while taking in peaceful surroundings, or spend evenings unwinding in the fresh mountain air. Despite the tranquil location, you are only minutes from grocery stores, local restaurants, schools, and daily conveniences. Outdoor enthusiasts will love being near the recreational opportunities of New River, known for kayaking, fishing, tubing, and scenic beauty. It's just minutes away from Powerhouse Falls. The nearby Mount Rogers National Recreation Area offers exceptional hiking, horseback riding, and camping opportunities, while the famous Blue Ridge Parkway is just a short drive away for breathtaking mountain views and weekend adventures. Residents also enjoy local events, music, and small-town charm throughout Grayson County. Don't miss your chance to own this move-in ready gem in beautiful Independence, Virginia.
    52 days
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    602
    |
    20
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    Zillow last checked:

    Listing updated:

    Listed by:

    Elaine Smith 540-315-0155,

    BHHS- Mountain Sky Properties-Hillsville

    Source: SWVAR,MLS#: 110221MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 1
      • Full bathrooms: 1
      • Main level bathrooms: 1
      • Main level bedrooms: 3
      Rooms
      • Room types: Basement
      Primary bedroom
      • Level: Main
      Bedroom 2
      • Level: Main
      Bedroom 3
      • Level: Main
      Bathroom
      • Level: Main
      Dining room
      • Level: Main
      Kitchen
      • Level: Main
      Living room
      • Level: Main
      Basement
      • Area: 924
      Heating
      • Forced Air
      Cooling
      • Has cooling: Yes
      Appliances
      • Included: Electric Oven
      • Laundry: In Basement
      Features
      • Newer Paint
      • Flooring: Newer Floor Covering, Luxury Vinyl
      • Windows: Insulated Windows
      • Basement: Partial,Unfinished
      • Has fireplace: No
      • Fireplace features: None
      Interior area
      • Total structure area: 2,184
      • Total interior livable area: 1,260 sqft
      • Finished area above ground: 1,260
      • Finished area below ground: 924

      Property

      Parking
      • Parking features: Driveway, Gravel
      Features
      • Stories: 1
      • Patio & porch: Covered, Porch
      • Exterior features: Mature Trees
      • Fencing: None
      • Has view: Yes
      • Water view: None
      • Waterfront features: None
      Lot
      • Size: 0.54 Acres
      • Features: Cleared, Level, Secluded, Views
      Details
      • Parcel number: 73A2A103
      • Zoning: N/A

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Bungalow
      • Property subtype: Single Family Residence
      Materials
      • Block, Vinyl Siding
      • Foundation: Block
      • Roof: Shingle
      Condition
      • Year built: 1950

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Natural Gas Not Available

      Community & HOA

      Community
      • Subdivision: None
      HOA
      • Has HOA: No
      • Services included: None
      Location
      • Region: Independence

      Financial & listing details

      • Price per square foot: $154/sqft
      • Tax assessed value: $62,000
      • Annual tax amount: $427
      • Date on market: 5/21/2026
      • Road surface type: Unimproved

        Estimated market value

        $190,900

        $181,000 - $200,000

        $1,621/mo

        Price history

        DateEventPrice
        6/29/2026Price change$194,500-2.5%$154/sqft
        Source: SWVAR #110221 Report a problem
        5/21/2026Listed for sale$199,500+155.8%$158/sqft
        Source: SWVAR #110221 Report a problem
        12/5/2025Sold$78,000-1.3%$62/sqft
        Source: SWVAR #103769 Report a problem
        10/20/2025Contingent$79,000$63/sqft
        Source: SWVAR #103769 Report a problem
        10/16/2025Listed for sale$79,000$63/sqft
        Source: SWVAR #103769 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$335 $62,000
        2023$335 $62,000
        2022$335 +13.7%$62,000 +24.2%
        2021$294 $49,900
        2020-- $49,900
        2018-- $49,900
        2017-- $49,900
        2016-- $49,900
        2015-- --
        2014-- --
        2013-- --
        2012-- --
        2010-- --
        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: 24348

        Getting around

        31 / 100
        Car-Dependent
        21 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Independence
        • Middle: Independence
        • High: Grayson County

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

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