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$249,000 -$6,000 (-2.35%) Price Reduced

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 2 Full Baths
  • 0.216 Acres
  • 2 Car Garage
  • Updated 5 days ago
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Welcome home to this beautifully updated 3-bedroom, 2-bath property situated on a spacious corner lot in a convenient Gainesville location. Just minutes from the elementary school, this home offers both comfort and practicality for everyday living. Inside, you'll find numerous recent updates, including stylish new vinyl flooring throughout the main living areas, updated tile in the bathrooms, kitchen improvements, and brand-new electrical upgrades for added peace of mind. The functional floor plan provides comfortable living spaces, while the large backyard offers plenty of room for outdoor entertaining, pets, gardening, or future projects. Whether you're a first-time homebuyer, growing family, or investor, this move-in-ready home combines modern updates, a desirable corner lot, and a convenient location all in one package.

Full Property Details for 506 Melody Ln

General

  • Price: $249,000
  • Status: Active
  • Type: Single Family
  • Source: NTREIS
  • MLS ID: 21294250
  • Updated: 6/19/2026
  • Added to Site: 18 day(s) ago

Interior

  • Interior Features: Cable TV
  • Appliances: Dishwasher, Electric Range, Disposal
  • Flooring: Luxury Vinyl Plank, Tile

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 3

Other Rooms

  • Laundry: Laundry in Utility Room

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 2
  • Covered Spaces: 2
  • Parking Features: Garage, Garage Faces Side

Location

  • County: Cooke
  • Subdivision: Joy Acres
  • Driving Directions: use GPS

School Information

  • Elem School District: Gainesville ISD
  • Midd School District: Gainesville ISD
  • High School District: Gainesville ISD
  • Elementary School: Edison
  • Middle School: Lee, Gainesvill
  • High School: Gainesvill

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Ceiling Fan(s)
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Cable Available: Yes
  • Utility Description: Electricity Connected, Sewer Available, Water Available, Cable Available

Structural Information

  • Architectural Style: Traditional, Detached
  • Structure Type: House
  • Detached/Attached: Attached
  • Construction: Brick
  • Roof: Composition
  • Stories/Levels: 2
  • Living Area: 1,464 Sq. Ft.
  • Year Built: 1960

Lot Features

  • Lot Size (Acres): 0.216
  • Lot Size (Sq. Ft.): 9,408.96
  • Fencing (Description): Back Yard

Financial Considerations

  • For Sale/Rent/Lease: For Sale
  • Terms: Cash, Conventional, FHA, VA Loan

Disclosures and Reports

  • Property ID: 9544

Listed by The Real Estate Company, Kimberly Cain

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Listing agent

— 506 Melody Ln —

  • Kimberly Cain

    The Real Estate Company

940-668-8523

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 506 Melody Ln

School District:Gainesville Independent School District
NameGradesDistance
Edison Elementary School
1 Edison Drive, Gainesville, TX 76240
PK-10.2 mi
W E Chalmers Elementary School
600 Fm 3092, Gainesville, TX 76240
2-41 mi
Gainesville Junior High School
1201 Lindsay Street, Gainesville, TX 76240
7-81.2 mi
Gainesville High School
2201 S I 35, Gainesville, TX 76240
9-122.4 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 506 Melody Ln Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/19/2026
Price Reduced
$249,000
-2.35%
MLS
6/06/2026
Listed
$255,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 506 Melody Ln

Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,000
10%
$191,197
—
2024
$3,623
-2%
$191,197
8%
2022
$3,698
—
$177,343
4%
2022
$3,698
25%
$169,868
36%
2021
$2,967
12%
$125,100
16%
2020
$2,641
2%
$107,785
10%
2019
$2,599
11%
$97,881
14%
2018
$2,348
9%
$85,933
8%
2017
$2,161
2%
$79,206
2%
2016
$2,119
2%
$77,933
2%
2015
$2,070
6%
$76,297
1%
2013
$1,949
2%
$75,754
3%
2012
$1,905
—
$73,782
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 506 Melody Ln

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by The Real Estate Company, Kimberly Cain

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506 Melody Lane, Gainesville, TX 76240 (MLS# 21294250) is a Single Family property with 3 bedrooms and 2 full bathrooms. 506 Melody Lane is currently listed for $249,000 and was received on June 06, 2026. Want to learn more about 506 Melody Lane? Do you have questions about finding other Single Family real estate for sale in Gainesville? You can browse all Gainesville real estate or contact a Coldwell Banker agent to request more information.

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