$425,000
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
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.
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.
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.
McGavock High School
High
Two Rivers Middle School
Middle
Pennington Elementary School
Elementary
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.
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.
Buyers should conduct independent due diligence before making any purchase decisions.
Low
$410K
Midpoint
$425K
High
$440K
$309/SF estimated price per square foot
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.
Donelson area has seen steady growth with increasing property values. Walkability Rating estimate: 50/100.
Close proximity to parks, shopping centers, and major transportation hubs. Easy access to downtown Nashville.
Market data is based on aggregated public records and may not reflect real-time conditions.
Allowed Uses
$305/SF
Arm's length transaction
$33/SF
Historical sale
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