$507,500
SOLD OCT 9, 2019

556 Melody Ln Memphis, TN 38120

Audubon Park Neighborhood
4 Beds
4 Baths
3,600-3,799 Sq Ft
0.25 Acres

Recently Sold

$134 Per Sq Ft

1% Below List Price

7 Days on Market

Highlights

  • Second Kitchen
  • Home Theater
  • Traditional Architecture
  • White Station Middle Rated A-
  • Updated Kitchen
  • Wood Flooring

About This Home

As of October 2019

Impressive 4BR Home Nestled in One of the City's Most Sought After Neighborhoods w/Everything Your Heart Desires! Granite Galore, Screened Patio w/Speakers & TV Wiring, Gleaming Hardwood Flrs, Storm Shelter for 8, 2nd Flr Addition Makes Great In-Law Quarters w/Kitchenette, 2nd Laundry Rm, 2BAs & 2BRs, Game Rm, Media Rm w/All Equipment, Smooth Ceilings, Spacious Great Rm w/Cozy Fireplace, Wonderful Kitchen w/Stainless Steel Appl, Formal Dining Rm, Fenced Backyard, MudRm, Sec Sys, 2Car Garage!

Last Agent to Sell the Property

Melissa Blume Thompson

eXp Realty License #231600 Listed on: 09/18/2019

eXp Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1958

Lot Details

  • 0.25 Acre Lot
  • Wrought Iron Fence
  • Wood Fence
  • Chain Link Fence
  • Landscaped
  • Level Lot

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 3,600-3,799 Sq Ft Home
  • 3,619 Sq Ft Home
  • 2-Story Property
  • Built-in Bookshelves
  • Smooth Ceilings
  • Ceiling Fan
  • Factory Built Fireplace
  • Gas Log Fireplace
  • Fireplace Features Masonry
  • Some Wood Windows
  • Double Pane Windows
  • Mud Room
  • Entrance Foyer
  • Great Room
  • Dining Room
  • Home Theater
  • Den with Fireplace
  • Play Room
  • Sun or Florida Room
  • Storage Room
  • Laundry Room
  • Attic Access Panel

Kitchen

  • Updated Kitchen
  • Second Kitchen
  • Breakfast Bar
  • Self-Cleaning Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms | 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Remodeled Bathroom
  • 4 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom

Home Security

  • Burglar Security System
  • Security Gate
  • Storm Windows
  • Fire and Smoke Detector
  • Iron Doors

Parking

  • 2 Car Attached Garage
  • Rear-Facing Garage
  • Garage Door Opener

Outdoor Features

  • Outdoor Storage
  • Porch

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Multiple Heating Units
  • Vented Exhaust Fan
  • Heating System Uses Gas
  • 220 Volts
  • Gas Water Heater
  • Cable TV Available

Community Details

  • Laurie Lane Third Addition Subdivision
  • Building Fire Alarm

Listing and Financial Details

  • Assessor Parcel Number 056047 00017

Home Details

Home Type

Single Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • Cross Street: CRESCENT LN
  • MLS Map #: 756F
  • MAAR Subdivision Name: LAURIE LANE 3RD ADD
  • List Price Per Sq Ft: 142
  • Number Of Stories: 2
  • Price Per Sq Ft: 140.23
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 3619
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • First Story Floor Plan: Dining Room, Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 2 or More Baths, Laundry Room, Sun Room
  • Second Story Floor Plan: Kitchen, 3rd Bedroom, 4th or More Bedrooms, 2 or More Baths, Play Room/Rec Room, Laundry Room, Media Room
  • Additional Bedroom Bathroom Info: 1 or More BR Down, Primary Down, Split Bedroom Plan, Renovated Bathroom, Double Vanity Bath, Full Bath Down
  • Estimated Heated Sq Ft Range: 3600-3799
  • Bedroom 2 Description: Level 1, Built-In Cabinets/Bkcases, Smooth Ceiling, Hardwood Floor
  • Bedroom 3 Description: Level 2, Smooth Ceiling, Carpet
  • Bedroom 4 Description: Level 2, Smooth Ceiling, Carpet
  • Bedrooms: 4
  • Bedrooms Down: 2
  • Fireplace: Masonry, Prefabricated, Ventless Gas Fireplace, In Den/Great Room, Gas Starter, Gas Logs
  • Floors/Ceilings: Part Hardwood, Part Carpet, Tile, Smooth Ceiling
  • Full Bathrooms: 4
  • Equipment: Range/Oven, Self Cleaning Oven, Gas Cooking, Disposal, Dishwasher, Microwave, Refrigerator, Cable Wired, Cable Available
  • Living Dining Kitchen: Separate Dining Room, Great Room, Updated/Renovated Kitchen, Breakfast Bar, Pantry
  • Misc Interior: Walk-In Closet(s), Attic Access, Walk-In Attic, Rear Stairs to Playroom, Mud Room, Cat/Dog Free House, Security System, Smoke Detector(s), Vent Hood/Exhaust Fan
  • Number Of Fireplaces: 1
  • Other Rooms: Laundry Room, Sun Room, Play Room, 2nd Kitchen, Entry Hall, Media Room, Attic, Storage Room
  • Total Bathrooms: 4
  • Primary Bathroom Description: Double Sinks, Smooth Ceiling, Tile Floor
  • P R I M A R Y B E D R O O M: Level 1, Walk-In Closet, Full Bath, Built-In Cabinets/Bkcases, Smooth Ceiling, Hardwood Floor

Exterior Features

  • Misc Exterior: Porch, On-Site Storage, Wood Fence, Chain Fence, Sidewalks
  • Exterior Windows: Brick Veneer, Wood/Composition, R-Factor (See Remarks), Wood Window(s), Double Pane Window(s), Storm Window(s), Steel Insulated Door(s)
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Attached
  • Carport Garage: Garage
  • Number Covered Parking Spaces: 2
  • Parking Display: G2A
  • Parking Storage: Storage Room(s), Garage Door Opener(s), Back-Load Garage, Gate Clickers

Utilities

  • Cooling: Central, Ceiling Fan(s), 3 or More Systems, 220 Wiring
  • Heating: Central, Gas, 3 or More Systems
  • Security: Burglar Alarm, Fire Alarm, Smoke Detector(s), Security Gate, Dead Bolt Lock(s)
  • Water Sewer: Electric Water Heater, Gas Water Heater, 2+ Water Heaters, Public Water, Public Sewer

Lot Info

  • Lot Description: Level, Landscaped, Wood Fenced, Chain Fenced, Iron Fenced
  • Lot Number: 135
  • Acreage: 0.25
  • Lot Size: .25
  • Price Per Acre: 2060000

Multi Family

  • Number Of Rooms: 14

Tax Info

  • Assessor Parcel Number: 056047 00017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 18, 2019
Closed on
Oct 9, 2019
Sold by
Womack Steven M and Womack Pattra M
Bought by
Smiley Linda M
Seller's Agent
Melissa Blume Thompson
eXp Realty
Buyer's Agent
Jennifer & Joel Hobson
Hobson, REALTORS
List Price
$515,000
Sold Price
$507,500
Premium/Discount to List
-$7,500
-1.46%
Current Estimated Value
$646,983

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$139,483
Avg. Annual Appreciation
4.42%

Purchase Details

Listed on
Nov 16, 2016
Closed on
Dec 19, 2016
Sold by
Two J S Enterprise Llc
Bought by
Womack Steven M and Womack Pattra M
Seller's Agent
Pam Cranford
Crye-Leike, Inc., REALTORS
Buyer's Agent
Timothy Carlton
Crye-Leike, Inc., REALTORS
List Price
$497,000
Sold Price
$489,900
Premium/Discount to List
-$7,100
-1.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.26%
Original Mortgage
$391,920
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 13, 2014
Closed on
Oct 30, 2014
Sold by
Nationstar Mortgage Llc
Bought by
Tow Js Enterprise Llc
Seller's Agent
Kenneth Tate
Tate Realty and Construction
Buyer's Agent
Sonja Tulacz
Crye-Leike, Inc., REALTORS
List Price
$158,000
Sold Price
$154,000
Premium/Discount to List
-$4,000
-2.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
73.97%
Original Mortgage
$33,120
Interest Rate
4%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 10, 2014
Sold by
Williams Geraldine C
Bought by
Nationstar Mortgage Llc and Champion Mortgage Company
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $507,500 Realty Title
Warranty Deed $489,900 None Available
Special Warranty Deed $154,000 Realty Title & Escrow Co Inc
Trustee Deed $164,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $100,000 Credit Line Revolving
Previous Owner $391,920 New Conventional
Previous Owner $48,990 Commercial
Previous Owner $33,120 Unknown
Previous Owner $132,480 Unknown
Previous Owner $289,500 Reverse Mortgage Home Equity Conversion Mortgage
Previous Owner $85,000 Credit Line Revolving
Previous Owner $20,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/09/2019 10/09/19 Sold $507,500 -1.5% $141 / Sq Ft
09/25/2019 09/25/19 Pending -- -- --
09/18/2019 09/18/19 For Sale $515,000 +5.1% $143 / Sq Ft
12/19/2016 12/19/16 Sold $489,900 -1.4% $136 / Sq Ft
11/30/2016 11/30/16 Pending -- -- --
11/16/2016 11/16/16 For Sale $497,000 +222.7% $138 / Sq Ft
11/17/2014 11/17/14 Sold $154,000 -2.5% $96 / Sq Ft
10/01/2014 10/01/14 Pending -- -- --
08/13/2014 08/13/14 For Sale $158,000 -- $99 / Sq Ft
Source: Memphis 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
2025 -- $170,125 $20,825 $149,300
2024 $1,142 $136,925 $20,825 $116,100
2023 $8,341 $136,925 $20,825 $116,100
2022 $8,341 $136,925 $20,825 $116,100
2021 $3,715 $136,925 $20,825 $116,100
2020 $8,536 $117,800 $20,825 $96,975
2019 $3,765 $117,800 $20,825 $96,975
2018 $3,765 $117,800 $20,825 $96,975
2017 $3,854 $117,800 $20,825 $96,975
2016 $2,111 $48,300 $0 $0
2014 $2,111 $48,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Melissa Blume Thompson

    Seller's Agent in 2019

    Melissa Blume Thompson

    eXp Realty

    (901) 729-9443

    18 in this area

    304 Total Sales

    Section Image
  • Jennifer & Joel Hobson

    Buyer's Agent in 2019

    Jennifer & Joel Hobson

    Hobson, REALTORS

    (901) 482-2929

    87 in this area

    188 Total Sales

    Section Image

  • T

    Buyer Co-Listing Agent in 2019

    Tonya Mosley

    Leasing Angels Inc.

    (901) 794-4702

    15 in this area

    45 Total Sales

    Section Image

  • P

    Seller's Agent in 2016

    Pam Cranford

    Crye-Leike

    (901) 550-4324

    3 Total Sales

    Section Image

  • T

    Buyer's Agent in 2016

    Timothy Carlton

    Crye-Leike, Inc., REALTORS

  • K

    Seller's Agent in 2014

    Kenneth Tate

    Tate Realty and Construction

See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10062170

Memphis Area Association of REALTORS®

APN: 05-6047-0-0017

Tennessee Shelby County Memphis 38120 Audubon Park

556 Melody Ln, Memphis, TN

This home is located at 556 Melody Ln, Memphis, TN 38120 and is currently priced at $507,500, approximately $133 per square foot. This property was built in 1958. 556 Melody Ln is a home located in Shelby County with nearby schools including White Station Elementary School, White Station Middle, and White Station High.

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