5518 Melstone Rd Knoxville, TN 37912
Norwood Neighborhood
3
Beds
2
Baths
1,923
Sq Ft
0.55
Acres
Highlights
- Deck
- Traditional Architecture
- Main Floor Primary Bedroom
- Creek On Lot
- Wood Flooring
- Bonus Room
About This Home
As of August 2025Enjoy the perfect blend of convenience and tranquility in this charming single-level home situated on over half an acre of flat land, nestled beside a serene creek. This property features a newly installed roof and a large, detached two-car garage or workshop—ideal for hobbies, storage, or additional workspace.
Step onto the inviting covered front porch or relax by the creek in a peaceful swing. Inside, the home welcomes you with a formal living room/flex space that leads seamlessly to the heart of the home: a spacious eat-in kitchen with a small pantry and picturesque views of the private backyard oasis. The kitchen opens to a large family room—perfect for gatherings and everyday living.
A separate hallway off the kitchen leads to two guest bedrooms, a full hall bathroom, and a cozy master suite featuring a walk-in tiled shower. Additional amenities include a large laundry room, an extra storage room currently used as a second pantry off the family room, a whole-house water softener system, and a reverse osmosis filter in the kitchen.
The fully fenced backyard offers a private retreat with a generous patio/deck area for entertaining, space to unwind in a hammock by the creek, and a detached garage or workshop for added versatility.
Sellers are offering a $1,500 paint allowance at closing with an acceptable offer. There is also a small community pool located just a few doors down that offers optional memberships to the community.
(Of note: For extra peace of mind with the creek being along the property, the property has been verified by insurance and is NOT in a FEMA flood zone.)
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,818
Year Built
- Built in 1965
Lot Details
- 0.55 Acre Lot
- Fenced Yard
- Wood Fence
- Chain Link Fence
- Level Lot
Parking
- 2 Car Detached Garage
Home Design
- Traditional Architecture
- Brick Exterior Construction
- Frame Construction
- Vinyl Siding
Interior Spaces
- 1,923 Sq Ft Home
- Ceiling Fan
- Wood Burning Fireplace
- Brick Fireplace
- Insulated Windows
- Family Room
- Combination Kitchen and Dining Room
- Bonus Room
- Storage
- Crawl Space
- Fire and Smoke Detector
Kitchen
- Eat-In Kitchen
- Range
- Microwave
- Dishwasher
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- Primary Bedroom on Main
- 2 Full Bathrooms
- Walk-in Shower
Laundry
- Laundry Room
- Washer and Dryer Hookup
Outdoor Features
- Creek On Lot
- Deck
- Covered Patio or Porch
Utilities
- Central Heating and Cooling System
- Heat Pump System
- Internet Available
Community Details
- No Home Owners Association
- Norwood Heights Unit 3 Subdivision
Listing and Financial Details
- Assessor Parcel Number 080BF019
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 4, 2015
Closed on
Jul 7, 2015
Sold by
Morgan Carol
Bought by
Stephens Raymond E and Stephens Deborah A
Seller's Agent
Mike Newman
Home & Garden Real Estate
Buyer's Agent
David Ballenger
G. T. Ballenger, REALTOR
Sold Price
$154,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.65%
Original Mortgage
$151,210
Interest Rate
3.75%
Mortgage Type
FHA
Purchase Details
Closed on
Jun 17, 2009
Sold by
Carter Wanda A
Bought by
Carter Wanda A and Morgan Carol
Purchase Details
Closed on
Feb 25, 2005
Sold by
Morgan Carol
Bought by
Carter Wanda A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,324
Interest Rate
5.88%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Jul 13, 1994
Sold by
Carter Wanda A
Bought by
Carol Morgan
Similar Homes in Knoxville, TN
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $154,000 | Tallent Title Group Inc | |
| Interfamily Deed Transfer | -- | None Available | |
| Quit Claim Deed | -- | -- | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $142,400 | New Conventional | |
| Closed | $151,210 | FHA | |
| Previous Owner | $108,500 | Unknown | |
| Previous Owner | $99,324 | Fannie Mae Freddie Mac | |
| Previous Owner | $83,594 | Unknown | |
| Previous Owner | $80,166 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/29/2025 08/29/25 | Sold | $375,000 | -3.8% | $195 / Sq Ft |
| 08/01/2025 08/01/25 | Pending | -- | -- | -- |
| 07/25/2025 07/25/25 | Price Changed | $389,900 | -2.3% | $203 / Sq Ft |
| 07/17/2025 07/17/25 | For Sale | $398,900 | +159.0% | $207 / Sq Ft |
| 07/07/2015 07/07/15 | Sold | $154,000 | -- | $80 / Sq Ft |
Source: East Tennessee REALTORS® MLS
Tax History Compared to Growth
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 | $1,817 | $49,000 | $0 | $0 |
| 2023 | $1,817 | $49,000 | $0 | $0 |
| 2022 | $1,817 | $49,000 | $0 | $0 |
| 2021 | $1,816 | $39,625 | $0 | $0 |
| 2020 | $1,816 | $39,625 | $0 | $0 |
| 2019 | $1,816 | $39,625 | $0 | $0 |
| 2018 | $1,816 | $39,625 | $0 | $0 |
| 2017 | $1,816 | $39,625 | $0 | $0 |
| 2016 | $1,862 | $0 | $0 | $0 |
| 2015 | $1,862 | $0 | $0 | $0 |
| 2014 | $1,862 | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Amy Clayton
Seller's Agent in 2025
Amy Clayton
eXp Realty, LLC
(865) 414-6809
1 in this area
62 Total Sales
-
Michele Inman
M
Buyer's Agent in 2025
Michele Inman
eXp Realty, LLC
(321) 537-6496
1 in this area
1 Total Sale
-
Mike Newman
M
Seller's Agent in 2015
Mike Newman
Home & Garden Real Estate
(865) 932-7000
128 Total Sales
-
David Ballenger
D
Buyer's Agent in 2015
David Ballenger
G. T. Ballenger, REALTOR
(865) 661-1638
43 Total Sales
Map
Source: East Tennessee REALTORS® MLS
MLS Number: 1308726
APN: 080BF-019
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Listing Information presented by local MLS brokerage: Ten-X, LLC dba Homes.com, local broker - Arlene Richardson - 888-952-6393.
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