NOT LISTED FOR SALE

307 Melbourne Ln Montgomery, AL 36117

East Montgomery Neighborhood

Estimated Value: $400,000 - $450,000

5 Beds
3.5 Baths
2,721 Sq Ft
$154/Sq Ft Est. Value

Last Sold February 22, 2018

Last sale price $289,399 $106 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $2,444/month

Highlights

  • Wood Flooring
  • 2 Car Attached Garage
  • Double Vanity
  • Porch
  • Double Pane Windows
  • Walk-In Closet

About This Home

As of September 2022

Exceptional 5 bedroom 3.5 bath home available immediately in the highly esteemed Melrose community! This functional and well thought out plan is perfect for today's family lifestyle. The spacious great room adjoined by a stunning kitchen and dining area offers endless entertaining possibilities. The kitchen is complete with granite countertops, all stainless steel appliances, spacious center island, and tons of gorgeous of cabinets! The main level master suite is impressive with an over-sized walk in closet and a luxurious bath retreat with double vanities, tub and separate shower. There's plenty of space upstairs for a large family with 4 generous bedrooms all complete with large walk in closets as well as 2 bathrooms. Melrose community is conveniently located near schools, shopping malls, I85 and the military bases.

Last Agent to Rent the Property

Anna Shin

Scott Koo Realty License #0103684 Listed on: 08/19/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,898

Year Built

  • Built in 2017

Lot Details

  • 10,803

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Ridge Vents on the Roof
  • Vinyl Trim

Interior Spaces

  • 2,721 Sq Ft Home
  • 2-Story Property
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Ventless Fireplace
  • Double Pane Windows
  • Pull Down Stairs to Attic
  • Fire and Smoke Detector
  • Washer and Dryer Hookup

Kitchen

  • Breakfast Bar
  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • Double Vanity
  • Garden Bath
  • Separate Shower

Parking

  • 2 Car Attached Garage
  • 2 Driveway Spaces

Schools

  • Blount Elementary School
  • Carr Middle School
  • Park Crossing High School

Utilities

  • Central Heating and Cooling System
  • Programmable Thermostat
  • Gas Water Heater
  • Municipal Trash
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Porch
  • Lot Dimensions are 80x135

Listing and Financial Details

  • Security Deposit $2,300
  • Tenant pays for all utilities, cable, colling, electric, gas, heating, pest control, security deposit required, telephone, tenant insurance, trash collection, trash removal, water
  • The owner pays for home owners, lawn care
  • 24-Month Maximum Lease Term

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,898

Year Built

Built in 2017

Lot Details

0

Rental Info

  • Lease Start Date: 2022-09-15
  • Owner Pay: Home Owners Association, Lawn Care
  • Lease Purchase: No
  • Lease Term: 24
  • Pets Permitted: N
  • Security Deposit: 2300
  • Security Deposit: Yes
  • Tenant Pay: All Utilities, Cable, Colling, Electric, Gas, Heating, Pest Control, Security Deposit Required, Telephone, Tenant Insurance, Trash Collection, Trash Removal, Water

Listing Details

  • Property Type: Rental
  • Property Sub Type: Single Family
  • Design: 2 Story
  • Total Sq Ft: 2721
  • Year Built: 2017
  • Special Features: None

Interior Features

  • Bathroom Feature: Double/Split Vanity, Garden Tub, Separate Shower
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4.00
  • Total Bedrooms: 5
  • Fireplace: 1, Gas Ventless
  • Flooring: Carpet - Wall to Wall, Hard Tile, Wood
  • Interior Amenities: Ceiling(s) 9ft or More, Dryer Connection, Pull Down Stairs to Attic, Smoke/Fire Alarm, Walk In Closet(s), Washer Connection
  • Kitchen Feature: Breakfast Bar, Dishwasher, Disposal, Icemaker Connect For Fridge, Microwave, Pantry, Range Electric, Work Island
  • Room Count: 13

Exterior Features

  • Construction: Brick, Vinyl/Metal Trim
  • Exterior Feature: Porch
  • Foundation: Slab
  • Pool: No

Garage/Parking

  • Number Of Garage Spaces: 2.00
  • Parking: Driveway, Garage Attached

Utilities

  • Cooling: Ceiling Paddle Fan(s), Central Electric
  • Heating: Central Gas
  • Sewer: Public Sewer
  • Trash Services: City
  • Utilities: Cable TV Available, Electric Power, High Speed Internet, Natural Gas
  • Water: Public
  • Water Heater: Gas

Schools

  • Elementary School: Blount Elementary School
  • Middle School: Carr Middle School
  • High School: Park Crossing High School

Green Features

  • Energy Features: Double Paned Windows, Programmable Thermostat, Ridge Vents

Lot Info

  • Lot Dimension: 80x135

MLS Schools

  • School Elementary: Blount Elementary School
  • School High: Park Crossing High School
  • School Middle: Carr Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 14, 2017
Closed on
Feb 22, 2018
Sold by
Stone Martin Builders L L C
Bought by
Rhee Ed Jungu and Rhee Yu Ri Ko
Seller's Agent
Brittany Moon
Butterfly Realty Experts
Buyer's Agent
Yu Ri Rhee
Scott Koo Realty
List Price
$289,399
Sold Price
$289,399
Current Estimated Value
$419,461

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$130,062
Avg. Annual Appreciation
4.99%
Original Mortgage
$231,519
Outstanding Balance
$139,208
Interest Rate
3.99%
Mortgage Type
New Conventional
Estimated Equity
$277,461
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Rhee Ed Jungu $289,399 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rhee Ed Jungu $231,519
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/04/2022 09/04/22 Rented $2,300 0.0% --
08/19/2022 08/19/22 For Rent $2,300 0.0% --
02/22/2018 02/22/18 Sold $289,399 0.0% $106 / Sq Ft
12/14/2017 12/14/17 Pending -- -- --
12/14/2017 12/14/17 For Sale $289,399 -- $106 / Sq Ft
Source: Montgomery Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,898 $77,820 $11,000 $66,820
2023 $1,898 $76,460 $11,000 $65,460
2022 $1,103 $31,340 $5,500 $25,840
2021 $1,096 $31,140 $0 $0
2020 $1,053 $29,960 $5,000 $24,960
2019 $1,009 $28,780 $5,000 $23,780
2018 $365 $10,000 $0 $0
2017 $329 $9,000 $9,000 $0
2014 $329 $9,000 $9,000 $0
2013 -- $9,000 $9,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Anna Shin

    Landlord's Agent in 2022

    Anna Shin

    Scott Koo Realty

    (334) 339-8915

    17 in this area

    34 Total Sales

    Section Image
  • Brittany Moon

    Seller's Agent in 2018

    Brittany Moon

    Butterfly Realty Experts

    (334) 294-0553

    53 in this area

    80 Total Sales

    Section Image

  • Y

    Buyer's Agent in 2018

    Yu Ri Rhee

    Scott Koo Realty

    (334) 235-2262

    11 in this area

    16 Total Sales

    Section Image
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Map

Source: Montgomery Area Association of REALTORS®

MLS Number: 523760

Montgomery Area Association of REALTORS®

APN: 09-08-28-4-001-049.000

Alabama Montgomery County Montgomery 36117 East Montgomery

307 Melbourne Ln, Montgomery, AL

This home is located at 307 Melbourne Ln, Montgomery, AL 36117 since 19 August 2022 and is currently priced at $419,461. This property was built in 2017. 307 Melbourne Ln is a home located in Montgomery County with nearby schools including Blount Elementary School, Johnnie R. Carr Middle School, and Park Crossing High School.

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Montgomery Area Association of REALTORS® Information is deemed reliable, but not guaranteed. Listing Information Copyright 2025 Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS® Inc. The information being provided is for consumers' personal, non-commercial use and will not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this web site comes in part from the IDX Program of the Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS® Inc. Real estate listings held by brokerage firms other than Ten-X are governed by MLS Rules and Regulations and detailed information about them includes the name of the listing companies.

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