NOT LISTED FOR SALE

503 Melody Ln Gainesville, TX 76240

Estimated Value: $348,000 - $416,000

4 Beds
3 Baths
2,559 Sq Ft
$145/Sq Ft Est. Value

Last Sold February 28, 2022

Current estimated payment $2,481/month

10 Days on Market

Highlights

  • Traditional Architecture
  • Covered Patio or Porch
  • Energy-Efficient Appliances
  • Corner Lot
  • 2-Car Garage with one garage door
  • 1-Story Property

About This Home

As of February 2022

MULTIPLE OFFERS.HIGHEST AND BEST DEADLINE BY 1:00 SATURDAY FEBRUARY 12th. Call today to see your new home in Gainesville! Loads of sq footage in this 4 bedroom 3 bath home! Den is huge with a gas log fireplace and crown molding, bedrooms are really spacious. Other living area would be great for a pool table or game room, 2 dining areas, split bedroom arrangement. Newer vinyl plank flooring throughout, galley kitchen with SS appliances and granite counters. Covered patio makes a great outdoor living space. Home is on a corner lot, 20 x 30 shop with electric, fenced yard with trees, sprinkler system, nice storm shelter, oversized garage with side entry. Survey is available. Excludes refrigerator in kitchen.

Last Agent to Sell the Property

Cheryl Polk

THE REAL ESTATE COMPANY License #0404668 Listed on: 02/02/2022

Last Buyer's Agent

Jacob Little

Fathom Realty, LLC License #0757752

Fathom Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,372

Year Built

  • Built in 1962

Lot Details

  • 0.27 Acre Lot
  • Chain Link Fence
  • Landscaped
  • Corner Lot
  • Sprinkler System
  • Few Trees
  • Large Grassy Backyard

Parking

  • 2-Car Garage with one garage door
  • Side Facing Garage
  • Garage Door Opener

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2,559 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Gas Log Fireplace
  • Window Treatments
  • Laminate Flooring

Kitchen

  • Electric Range
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Full Size Washer or Dryer
  • Electric Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Eco-Friendly Details

  • Energy-Efficient Appliances
  • Energy-Efficient Doors

Outdoor Features

  • Covered Patio or Porch
  • Storm Cellar or Shelter
  • Rain Gutters

Schools

  • Edison Elementary School
  • Gainesvill Middle School
  • Lee Middle School
  • Gainesvill High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Individual Gas Meter
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • Joy Acres Subdivision

Listing and Financial Details

  • Legal Lot and Block 11 / 10
  • Assessor Parcel Number 17541

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,372

Year Built

Built in 1962

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Structural Style: Single Detached
  • Unit Levels: One
  • Restrictions: Deed
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: No
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Ratio Current Price By Building: 127.00274
  • Special Features: None
  • Year Built: 1962

Interior Features

  • Square Footage: 2559.00
  • Windows: Window Coverings
  • Fireplace Features: Gas Logs, Gas Starter
  • Interior Amenities: Cable TV Available, High Speed Internet Available
  • Flooring: Laminate
  • Appliances: Dishwasher, Disposal, Electric Range, Microwave, Plumbed for Ice Maker, Electric Water Heater, Gas Water Heater
  • Fireplaces: 1
  • Number Of Dining Areas: 2
  • Number Of Living Areas: 2
  • Room Count: 10

Beds/Baths

  • Full Bathrooms: 3
  • Total Bedrooms: 4

Exterior Features

  • Pool: No
  • Foundation: Slab
  • Fencing: Chain Link
  • Roof: Composition
  • Construction Materials: Brick
  • Exterior Features: Covered Patio/Porch, Rain Gutters, Storm Cellar
  • Patio And Porch Features: Covered

Garage/Parking

  • Cooling System: Ceiling Fan(s), Central Air, Electric
  • Garage Spaces: 2
  • Total Covered Spaces: 2
  • Parking Features: 2-Car Single Doors, Garage Door Opener, Garage Faces Side
  • Attached Garage YN: Yes
  • GarageYN: Yes

Utilities

  • Heating: Central, Natural Gas
  • LaundryFeatures: Electric Dryer Hookup, Full Size W/D Area
  • Utilities: City Sewer, City Water, Concrete, Curbs, Individual Gas Meter, Individual Water Meter, Sidewalk

Condo/Co-op/Association

  • Association Type: None

Schools

  • School District: Gainesville ISD
  • Elementary School: Edison
  • Intermediate School: Lee
  • Junior High School: Gainesvill
  • High School: Gainesvill

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: Less Than .5 Acre (not Zero)
  • Lot Features: Corner Lot, Few Trees, Landscaped, Lrg. Backyard Grass, Sprinkler System, Subdivision
  • Lot Size Units: Acres
  • Lot Size Area: 0.2700
  • Parcel Number: 17541
  • Lot Size Acres: 0.2700
  • Lot Size Sq Ft: 11761.2000

Green Features

  • Efficiency: Appliances, Doors
  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 1962

Tax Info

  • Special Taxing Entities: No
  • TaxBlock: 10
  • Tax Lot: 11

MLS Schools

  • MiddleOrJuniorSchool: Gainesvill
  • Elementary School Name: Edison
  • High School Name: Gainesvill

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2022
Closed on
Feb 28, 2022
Sold by
Reiter Dale L
Bought by
Lynea S Aanderud Trust
Seller's Agent
Cheryl Polk
THE REAL ESTATE COMPANY
Buyer's Agent
Jacob Little
Fathom Realty, LLC
List Price
$315,000
Current Estimated Value
$370,345

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.40%

Purchase Details

Closed on
Jan 27, 2020
Sold by
Storms Kimberly A and Reiter Kimberly A
Bought by
Reiter Dale L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 4, 2011
Sold by
Risser Richard and Risser Martha
Bought by
Relter Dale L and Relter Kimberly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,115
Interest Rate
4.14%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Lynea S Aanderud Trust -- Dorsett Johnson & Swift Llp
Reiter Dale L -- Gainesville Title Co Inc
Relter Dale L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Reiter Dale L $176,000
Previous Owner Relter Dale L $130,115
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2022 02/28/22 Sold -- -- --
02/12/2022 02/12/22 Pending -- -- --
02/02/2022 02/02/22 For Sale $315,000 -- $123 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

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
2025 $6,372 $335,517 $47,591 $287,926
2024 $6,372 $336,226 $47,585 $288,641
2023 $6,539 $333,287 $47,585 $285,702
2022 $5,237 $321,456 $43,323 $278,133
2021 $5,632 $236,919 $26,988 $209,931
2020 $5,280 $202,025 $25,213 $176,812
2019 $4,940 $186,508 $25,213 $161,295
2018 $4,484 $164,314 $21,070 $143,244
2017 $4,177 $153,646 $16,809 $136,837
2015 $3,677 $146,414 $16,809 $129,605
2014 $3,677 $145,407 $16,809 $128,598
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 14753564

North Texas Real Estate Information Systems (NTREIS)

APN: 17541