About This Home

This 3-bedroom, 2-bathroom single family at 507 MELODY Ln in Memphis, TN is listed for $430,000 ($233 per sqft). Built in 1963, the home offers 1,847 sqft of living space on a 0.28 acres lot.

Key Features

  • Built in 1963
  • 0.28 acre lot
  • Fireplace

Property Details

1 story
2 full
2-car garage
1963

Amenities

FireplaceHardwoodA/C
Listing Description

East Memphis charm at its finest! Nestled in a peaceful cove, 507 Melody Lane is a rare find offering timeless character, beautiful updates, and exceptional outdoor living! This 3BR/2BA home features newly refinished original hardwoods, gorgeous bay windows, and abundant natural light.

The kitchen boasts granite countertops and an island, opening to a light-filled den with a brand new manual gas fireplace- chimney has been rebuilt at top and relined. The newly renovated solid wood covered carport is an entertainer's dream, complemented by a beautiful brick patio, fully fenced and gated spacious backyard with brand new, two room storage area adds incredible versatility!

Additional upgrades include gutter guards and a GAF Timberline HDZ Class 4 roof. Enjoy the charm of an established neighborhood and quiet cove living, all in a fantastic East Memphis location convenient to everything!

Monthly Cost Estimate

$2,300/mo

20% down · 6.5% · 30 years

Principal$311
Interest$1,863
Insurance$125

Estimates only. Actual payments may vary.

Location

507 MELODY Ln

Memphis, TN 38120

MELODY LANE

Features & Amenities

Exterior Features

Storage BuildingPatioWood FenceSidewalks

Property Details

Flooring

Smooth ceilingHardwood

Outdoor Features

Patio

Parking

DrivewayGated

Heating

Central

Cooling

Central Air

Questions & Answers

This 3-bedroom, 2-bathroom single family at 507 MELODY Ln is listed at $430,000 ($233/sqft). The estimated monthly payment is $2,299 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1963, 0.28 acre lot, Fireplace. Exterior Features: Storage Building, Patio, Wood Fence.

This property is listed by Lauren Yoakum.

LY

Lauren Yoakum

Agent at KELLER WILLIAMS®

Listed by KELLER WILLIAMS® · Broker phone: (901) 261-7900 · View on Broker Site · Broker website

MLS# 10232796· Source: Memphis Area Association of Realtors®· 12 days on PropertySimple

Copyright © 2026 Memphis Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

507 MELODY Ln, Memphis, TN 38120

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