Property listing for 2424 Melbourne Dr, Nashville, TN 37214
For SaleSingle Family Home

$425,000

2424 Melbourne Dr, Nashville, TN 37214

Sprawling 0.6-Acre Donelson Ranch with Original Hardwoods and Finished Basement

3 Bed · 1.5 Bath · 1,375 Sq Ft

Single-story charm on a half-acre — close to parks, airport, and downtown.

3

Beds

1.5

Baths

1,375

Sq Ft

1960

Built

0.6 acres

Lot

none

Garage

About 2424 Melbourne Dr

What first captures you at 2424 Melbourne Drive is the scale of the yard — a generous 0.6-acre parcel that feels unusually open for Donelson. This single-story ranch sits quietly on a level lot, with a fenced backyard that invites weekend gatherings, garden projects, or an expansion if you’re considering future additions. The property’s size and configuration are rare in the immediate neighborhood and create immediate curb appeal.

Inside, the home preserves character where it matters: original hardwood floors run through the principal rooms, giving a warm, lived-in tone beneath contemporary updates. The living areas are efficient and comfortable for everyday life, and the finished basement adds valuable square footage — a practical family den, home office, or playroom. With 1,375 square feet, three bedrooms and 1.5 bathrooms, this ranch is straightforward to adapt to modern needs while keeping the mid-century footprint intact.

Systems are conventional and serviceable: central heating and cooling, asphalt shingle roof, municipal utilities and public sewer. During my tour I noted the home’s good overall condition for its age, though buyers should plan standard due diligence on roof, HVAC and plumbing systems given the 1960 construction date. The property was purchased in November 2023 for $420,000 and current valuation analysis places market value near $425,000 — a reflection of steady demand in Donelson and the lot’s significant outsized value.

Location is a practical advantage. Two Rivers Park sits about 1.2 miles away for trails and open space; retail and restaurants around Opry Mills are roughly 3.5 miles, Nashville International Airport is about four miles, and downtown is an easy 8-mile commute. For buyers seeking a classic ranch in a walkable, well-established neighborhood with room to stretch, this home balances character, convenience, and upside. Whether you plan modest updates to modernize finishes or simply preserve the original hardwoods and enjoy the space as-is, 2424 Melbourne Drive is a compelling Donelson offering with tangible long-term appeal.

Home Highlights

Move-in ready, well-maintained conditionOriginal hardwood floorsFinished basement for extra living spaceLarge 0.6-acre fenced yardDriveway parking for twoCentral HVAC and municipal utilitiesRecent comparable sales support current valuation

Property Features

Interior Features

  • Original hardwood floors throughout main level
  • Finished basement offering additional living space
  • 1,375 sq ft single-level floorplan
  • 3 bedrooms, 1.5 bathrooms
  • Central heating and cooling

Exterior & Lot

  • 0.6-acre lot (26,136 sq ft) with level topography
  • Fenced backyard ideal for entertaining and privacy
  • Driveway parking for two vehicles
  • Asphalt shingle roof
  • Frontage on Melbourne Drive

Location & Neighborhood

  • Donelson neighborhood — established mid-century residential area
  • Two Rivers Park (1.2 miles)
  • Opry Mills Mall (3.5 miles)
  • Nashville International Airport (4.0 miles)
  • Downtown Nashville (8.0 miles)
  • Metro Nashville Public Schools

Walkability & Recreation

  • Walkability Rating: 50/100 — Some walkable amenities
  • Two Rivers Park (1.2 miles) — trails and green space
  • Opry Mills shopping and dining (3.5 miles)
  • Nashville International Airport (4.0 miles)
  • Easy driving access to downtown and regional trails

Neighborhood & Location

Donelson is an established, commuter-friendly neighborhood that blends mid-century residential charm with practical access to Nashville’s major anchors. Residents value proximity to Two Rivers Park for outdoor time, Opry-area retail and dining, and the nearby airport for business travel. Streets are lined with mature trees and single-family homes on generous lots — a draw for buyers seeking space without leaving the city. Schools in the Metro district have average ratings, and families sometimes supplement with private or charter options. Overall, Donelson offers a relaxed suburban feel with straightforward access to downtown life.

Market Insights

Donelson currently reads as a balanced market with a modest leaning toward sellers due to low inventory. Local market data show roughly 2.5 months of inventory and an average days-on-market near 74 days — consistent with a market where well-priced homes move in 2–3 months. Median sale prices in the area sit near $380,000, while recent single-story ranch comps on Melbourne Drive have closed in the $410K–$440K range; this property’s recent arm’s-length sale at $420,000 aligns with those comparables and the valuation midpoint of $425,000. One-year appreciation is roughly 5% with five-year appreciation near 25%, reflecting steady, long-term growth rather than volatile spikes.

Single-family ranches in Donelson continue to perform well: buyers prize lot size and single-level living, and finished basements add rental or family flexibility. Inventory remains tight enough that buyers should be prepared with financing and inspection contingencies, while sellers can expect reasonable interest if pricing acknowledges condition and systems age. For investors, rental demand is steady (estimated monthly rent near $2,000), and for owner-occupants, this is an opportune time to secure a property with both immediate livability and renovation upside.

Nearby Schools

McGavock High School

High

3/10

Two Rivers Middle School

Middle

3/10

Pennington Elementary School

Elementary

4/10

Walkability & Recreation

50
Walkability
78
Recreation

Very good access to outdoor recreation with Two Rivers Park just over a mile away, Opry-area shopping and green space within 4 miles, and easy routes to regional trails and downtown.

Investment Highlights

  • Original hardwood floors and finished basement add character and additional living space
  • Located in Donelson — a desirable neighborhood with steady property appreciation
  • Spacious 0.6-acre lot offers potential for outdoor activities or future expansion
  • Proximity to major amenities including parks, shopping centers, and the airport
  • Recent sale at $420,000 ($305/SF) aligns with current market trends

Key Findings

  • Property sold in November 2023 for $420,000 ($305/SF)
  • Assessed value $73,950 (land $20,200, improvements $53,750) — annual taxes $2,406
  • Zoned RS15 — Single-Family Residential
  • Comparable sales within 0.5 miles in last 6 months range $410K–$440K
  • Average days on market in Donelson: 74 days (balanced market)

Things to Consider

  • Built in 1960 — potential for aging systems and maintenance needs
  • Schools have average ratings; families may consider private options
  • Assessed value significantly below market — potential for tax reassessment
  • Limited parking with driveway accommodating only 2 vehicles

Opportunity Analysis

Well-maintained ranch in desirable Donelson neighborhood with original features and spacious lot. Steady market appreciation and proximity to amenities make this a solid investment. Potential for updates to increase value.

Potential Use Scenarios

  • Potential primary residence with room for personalization and updates
  • Opportunity to add value through renovations and modernizations
  • Spacious lot offers potential for outdoor enhancements or additions

Risk Factors

  • 1960 construction — potential for aging systems and maintenance needs
  • Average school ratings may impact family buyer interest
  • Assessed value below market — potential for tax reassessment

Buyers should conduct independent due diligence before making any purchase decisions.

AI Valuation Estimate

Low

$410K

Midpoint

$425K

High

$440K

$309/SF estimated price per square foot

82% confidence

Sales comparison approach using 3 comparable sales within 0.5 miles sold in last 6 months. Adjusted for lot size, condition, and bedroom count. Assessed value of $73,950 appears below market.

As of 2026-03-06

This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.

Market & Area Data

Market Trends

Area Median Price$380,000
Avg Days on Market74 days
Inventory2.5 months
1-Year Appreciation+5.0%

Demographics

Population (1 mi)15,000
Median Income (1 mi)$65,000

Donelson area has seen steady growth with increasing property values. Walkability Rating estimate: 50/100.

Nearby Points of Interest

  • Two Rivers Park (1.2 mi)
  • Opry Mills Mall (3.5 mi)
  • Nashville International Airport (4.0 mi)
  • Downtown Nashville (8.0 mi)

Close proximity to parks, shopping centers, and major transportation hubs. Easy access to downtown Nashville.

School District

DistrictMetro Nashville Public Schools
ElementaryPennington Elementary School (4/10)
MiddleTwo Rivers Middle School (3/10)
HighMcGavock High School (3/10)

Market data is based on aggregated public records and may not reflect real-time conditions.

Property Details

Building Details

Year Built1960
Constructionwood frame
Stories1
Roofasphalt shingle
Heatingcentral
Coolingcentral
Basementfinished
FireplaceNo
Conditiongood

Lot & Site

Lot Size0.6 acres (26,136 SF)
Topographylevel
Parkingdriveway
Parking Spaces2
FrontageFrontage on Melbourne Dr

Utilities

Waterpublic
Sewerpublic
Electricmunicipal
Gasmunicipal

Zoning & Land Use

Zoning CodeRS15
DescriptionSingle-Family Residential
JurisdictionCity of Nashville

Allowed Uses

single family
Current Useresidential
Assessor UseSingle Family Residential

Tax & Sale History

Tax Assessment

Total Assessed$73,950
Land$20,200
Improvements$53,750
Annual Tax (2024)$2,406

Sale History

2023-11-15$420,000

$305/SF

Arm's length transaction

1978-03-01$45,500

$33/SF

Historical sale

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