503 Melonie Ln
Mount Olive, AL 35071
4 bd 3 ba 2,927 sqft Built 1988 Lot 43,124 sqft single_family
Most recent sale
$351,500
Aug 10, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Aug 10, 2022 | Sold | $351,500 | MLS #1323380 |
| Jun 10, 2022 | Listed | $324,000 | MLS #1323380 |
| Jul 29, 1997 | Sold | $190,000 | Public Record |
| May 28, 1987 | Sold | $28,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2020 | — | — | $24,140 | $1,076 |
| 2019 | — | — | $24,140 | $1,076 |
| 2017 | — | — | $24,180 | $1,078 |
| 2016 | — | — | $23,420 | $1,037 |
| 2015 | — | — | $23,300 | $1,031 |
| 2013 | — | — | $23,020 | $786 |
| 2012 | $14,490 | $8,425 | $22,915 | $781 |
| 2011 | $14,770 | $8,430 | $23,200 | $794 |
| 2010 | $16,620 | $7,600 | $24,220 | $838 |
| 2009 | $16,620 | $7,600 | $24,220 | $1,029 |
| 2008 | $17,080 | $7,600 | $24,680 | $858 |
| 2007 | $16,850 | $7,600 | $24,450 | $848 |
Property facts
Year built
1988
Property type
single_family
Stories
2
Beds
4
Baths
3
Living area
2,927 sqft
Lot size
43,124 sqft
ZIP code
35071
City
Mount Olive
Street
Melonie Ln
Coordinates
33.67446, -86.83398
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,109
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 503 Melonie Ln last sell?
503 Melonie Ln most recently sold on Aug 10, 2022 for $351,500.
What is the current tax assessment for 503 Melonie Ln?
The most recent total assessment for 503 Melonie Ln (year 2020) is $24,140 with $1,076 in property tax.
How does 503 Melonie Ln's assessment compare to its last sale price?
The current assessment is 93.1% below the last sale price of $351,500.
When was 503 Melonie Ln built?
503 Melonie Ln was built in 1988.
How does 503 Melonie Ln compare to others on Melonie Ln?
We do not currently track other properties on Melonie Ln.
What are the property facts for 503 Melonie Ln?
503 Melonie Ln is a 4 bed, 3 bath, 2,927 sqft, 43,124 sqft lot single_family.
Is 503 Melonie Ln a flip candidate?
No — 503 Melonie Ln does not appear in our flips dataset.
Is 503 Melonie Ln a tax-appeal candidate?
No — 503 Melonie Ln is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-16.5%
Implied 1-yr
-66.2%
2026 Q3
$150.4K
2026 Q4
$150.4K
ZIP 35071 — Median Price History + Forecast
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Geography