2316 Melrose Dr
Burlington, NC 27217
3 bd 2 ba 1,008 sqft Built 1958 Lot 18,731 sqft single_family
Most recent sale
$120,000
Oct 25, 2023
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 10, 2024 | Sold | $235,000 | DoorifyMLS |
| Apr 3, 2024 | Price changed | $247,000 | TriadMLS |
| Mar 19, 2024 | Price changed | $249,900 | TriadMLS |
| Mar 5, 2024 | Listed | $250,000 | TriangleAreaNC |
| Mar 4, 2024 | Listed | $250,000 | TriadMLS |
| Oct 25, 2023 | Sold | $120,000 | TriangleAreaNC |
| Sep 29, 2023 | Listed | $135,000 | TriadMLS |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $106,559 | $24,000 | $130,559 | $771 |
| 2024 | $106,559 | $24,000 | $130,559 | $721 |
| 2023 | $106,559 | $24,000 | $130,559 | $336 |
| 2022 | $43,827 | $16,500 | $60,327 | $462 |
| 2021 | $43,827 | $16,500 | $60,327 | $468 |
| 2020 | $43,827 | $16,500 | $60,327 | $474 |
| 2019 | $43,827 | $16,500 | $60,327 | $470 |
| 2018 | $43,827 | $16,500 | $60,327 | $422 |
| 2017 | $43,827 | $16,500 | $60,327 | $416 |
| 2016 | $47,076 | $16,500 | $63,576 | $438 |
| 2015 | $47,076 | $16,500 | $63,576 | $436 |
| 2014 | $47,076 | $16,500 | $63,576 | $406 |
| 2013 | $47,076 | $16,500 | $63,576 | $413 |
| 2012 | $47,076 | $16,500 | $63,576 | $395 |
| 2011 | $47,076 | $16,500 | $63,576 | $397 |
| 2010 | $47,076 | $16,500 | $63,576 | $397 |
| 2009 | $47,076 | $16,500 | $63,576 | $397 |
| 2008 | $33,253 | $12,713 | $45,966 | $314 |
| 2007 | $33,253 | $12,713 | $45,966 | $314 |
Property facts
Year built
1958
Property type
single_family
Stories
—
Beds
3
Baths
2
Living area
1,008 sqft
Lot size
18,731 sqft
ZIP code
27217
City
Burlington
Street
Melrose Dr
Coordinates
36.12235, -79.46996
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,361
Gross rental yield
13.61%
Implied cap rate
8.85%
Trend-extrapolated value
—
Frequently asked questions
When did 2316 Melrose Dr last sell?
2316 Melrose Dr most recently sold on Oct 25, 2023 for $120,000.
What is the current tax assessment for 2316 Melrose Dr?
The most recent total assessment for 2316 Melrose Dr (year 2025) is $130,559 with $771 in property tax.
How does 2316 Melrose Dr's assessment compare to its last sale price?
The current assessment is 8.8% above the last sale price of $120,000.
When was 2316 Melrose Dr built?
2316 Melrose Dr was built in 1958.
How does 2316 Melrose Dr compare to others on Melrose Dr?
We track 8 other properties on Melrose Dr. Browse the list under "Other properties on Melrose Dr" to compare beds, baths, and sale history.
What are the property facts for 2316 Melrose Dr?
2316 Melrose Dr is a 3 bed, 2 bath, 1,008 sqft, 18,731 sqft lot single_family.
Is 2316 Melrose Dr a flip candidate?
Yes — 2316 Melrose Dr appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 2316 Melrose Dr a tax-appeal candidate?
No — 2316 Melrose Dr is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+3.1%
Implied 1-yr
+12.5%
2026 Q3
$296.3K
2026 Q4
$304K
ZIP 27217 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Melrose Dr