4 months on rocket

316 Melrose St, Bristol, TN, 37620

$309,000

Home List Price

$3,669*

Closing Credit

5 Bedrooms
2 Full Baths
2,559 SqFt
$121/SqFt
House

Location

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316 Melrose St, Bristol$309,000

Buyer Closing Credits

$3,669*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached
Attached GarageYes
Year Built1930
HeatingHeat Pump
CoolingCeiling Fan(s), Heat Pump, Wall Unit(s)
BasementYes
FireplaceInsert, Ornamental
MLS #9968855
Lot Size0.33 Acres
StatusActive

About 316 Melrose St

Back on the market at no fault of the seller! This freshly updated craftsman style home is conveniently located in the heart of Bristol. Only minutes to Tennessee Middle & High schools, downtown, the Pinnacle, Bristol Motor Speedway, the new casino, and everything else Bristol has to offer. As you approach the cozy covered porch you will notice all new landscaping, fresh paint, rebuilt trim work, and a new retaining wall/steps leading to the sidewalk. Once inside the home you will find many updates made by the current owner, including: new paint, bead board, numerous custom built-ins, updated Bathrooms, new doors, entirely new wiring, new flooring in throughout (playroom, dining room, sunroom, laundry, upstairs bedrooms, upstairs bathroom), and much more. On the main level there is a Living Room, Playroom/Study, Dining, Kitchen, Laundry Room, Sunroom that leads to a deck, 2 Bedrooms, and a full Bathroom. Upstairs there are an additional 3 Bedrooms, another full Bathroom, and and a large hallway/landing area perfect for a reading nook. The basement offers lots of great storage and work space and has also been upgraded with new lighting, new support timbers, plus a completely rebuilt back wall. The metal roof is approximately 2 years old and there is a newer AC unit as well. There is also a detached garage and a partially fenced backyard with playset and sandbox that will convey. Please see attachments for a full list of upgrades, or schedule your showing to see them all for yourself!

Property Details

Property Features

Property Information:

  • Architectural Style: Craftsman
  • Year Built: 1930
  • Living Area: 2,559 SqFt

Listing Office:

  • Office Name: True North Real Estate
  • Office Phone: (423) 210-4155
  • Listing Agent: Alexa Frado

Interior Features

Interior Information:

  • Appliances: Electric Oven, Dishwasher, Refrigerator
  • Basement: Yes
  • Flooring Type: Carpet, Ceramic Tile, Hardwood
  • Interior: See Remarks
  • Fireplace: Insert, Ornamental

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Exterior: Back Fence, Deck, Porch Front

Parking Information:

  • Attached Garage: Yes
  • Parking: Attached

Lot Features

Lot Information:

  • Lot Size: 0.33 Acres

Utilities

Utilities Information:

  • Heating: Heat Pump
  • Cooling: Ceiling Fan(s), Heat Pump, Wall Unit(s)

Other

Directions Information:

  • Directions: From Volunteer Parkway turn onto Melrose Street. Home will be on the right. GPS friendly.

Price Information

Listing Price Info

Price Summary:

  • List Price: $309,000
  • Price Per SqFt: $121/SqFt

Tax Information:

  • Annual Amount: $1,358
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Bristol, TN.

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Bristol, TN

City

Med. Sold Price

$240K

Med. Price/SqFt

$152

Avg. Days On Market

67

# of Sold Homes

41

316 Melrose St vs Bristol

127 DAYS ON ROCKET

+60 Days

$309,000

+$69K More

$121/SqFt

-$31 Less

KEY TAKEAWAY

This property is $69K more than the Median Sold Price and $31/SqFt less than other homes in Bristol, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Tennessee/Virginia Regional MLS
  • MLS Number: #9968855

Listing Office:

  • Office Name: True North Real Estate
  • Office Phone: (423) 210-4155
  • Listing Agent: Alexa Frado

The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Tennessee Virginia Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this brokerl, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
Copyright© 2024 Tennessee Virginia Regional MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/23/2024, 10:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$1,358$33,150
2019$1,352$28,700
2018$1,352$28,700
2017$933$28,700

History based on county public records data.

Payment Calculator

$1,610

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$993

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-997008
5
/10

  • Anderson Elementary School

  • 901 9th St

  • 0.49 miles

  • Public District Grades PK-5

school-card-donut-997009
4
/10

  • Fairmount Elementary School

  • 821 Virginia Ave

  • 0.66 miles

  • Public District Grades PK-5

school-card-donut-997010
6
/10

  • Haynesfield Elementary School

  • 201 Bluff City Hwy

  • 0.93 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $22,947. Typical income of Bristol, TN residents is less than $35k annually. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Living In Bristol, TN

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Bristol, TN?

The housing landscape in Bristol, Tennessee, is characterized by a mix of architectural styles, with single-family homes being a significant part of the market. There is a presence of modern, traditional, and craftsman designs, reflecting the area's architectural diversity. The housing market also includes apartments and townhouses, accommodating a range of living preferences. A notable portion of the housing stock was developed from the 1980s to the early 2000s, marking a period of growth. The homeownership rate in Bristol is robust, with a substantial percentage of residents owning their homes, while the remainder are engaged in the rental market.

Is Bristol, TN a good place to live?

Bristol is celebrated for its vibrant community spirit and rich cultural heritage, which is especially evident during local events and festivals that draw residents together. The city prides itself on its historical significance and the role it plays in the music industry, often referred to as the birthplace of country music. The community's ambiance is one of pride and tradition, with a lifestyle that balances the charm of a small town with the conveniences of a larger city.

Are things conveniently located in Bristol, TN?

Residents of Bristol benefit from a solid educational system, with a number of public and private schools providing a range of educational opportunities. The city is home to several healthcare facilities, offering services that include urgent care, primary care, and emergency response capabilities. The public library network serves as a valuable resource for the community, and the city's retail and dining establishments reflect the local culture and provide a variety of experiences. City initiatives are in place to continually improve services in line with the evolving needs of the population.

What does the transportation in Bristol, TN look like?

Bristol's transport infrastructure includes a network of roads and highways that facilitate travel and commuting within the city and to neighboring areas. Public transit options are available, providing residents with alternatives to private vehicle use. The community's walkability varies across different neighborhoods, with some areas being more pedestrian-friendly than others. Bikeability is also a focus, with efforts to improve cycling infrastructure for residents. While specific ride-sharing services are operational in the city, their availability may differ throughout the area.

Frequently Asked Questions About 316 Melrose St

What is the listing price of this property?

The listing price of 316 Melrose St property is $309,000.

What type of property is this?

The property 316 Melrose St is a house located in Bristol, Tennessee, 37620.

Is this property for sale now?

Active Listing: 316 Melrose St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,358 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 316 Melrose St has 5 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 316 Melrose St is 2,559 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 316 Melrose St is 1930.

Rocket Homes›Tennessee›Sullivan County›Bristol›37620›316 Melrose St

This home is located at 316 Melrose St in Bristol, TN and zip code 37620. This 2,559 square foot home, which was built in 1930, sits on a 0.33 acre lot. Features: 5 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since July 19, 2024 and is currently priced at $309,000.

In October 2024 more than 6 listings in Bristol, TN were sold above the asking price. During the same period more than 9 listings were sold at asking price, while more than 26 were sold below. In October 2024 in Bristol, TN there were 1.8% less homes for sale than in September 2024. The median list price of listings available in October 2024 was $240,000, while the average time on the real estate market was 67 days.

From Rocket Homes Real Estate and based on county public records data.

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