1166 Melrose Rd, Gladys, VA 24554
Property image
Property image
OFF MARKET

$389,000

Trulia Estimate
  • Studio
  • 1,636 sqft (on 50.50 acres)

1166 Melrose Rd, Gladys, VA 24554

Est. Refi. Payment $2,311/mo*
Refinance Your Home
Currently Off Market - Sold Nov 30, 2022 for $320,000

Home Value

Trulia Estimate
$389K
Since last month
Decreased$5K (-1.2%)
Since last year
Increased$12K (+3.1%)
Since last sale
Increased$73K (+22.9%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +159% in the last 10 years
MonthEstimated value
2026
September 2026$393K
August 2026$398K
July 2026$394K
June 2026$403K
May 2026$411K
April 2026$398K
March 2026$397K
February 2026$395K
January 2026$390K
2025
2024
2023
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1.74
Single-Family Home
$155,000
10/03/25
3
1.5
1,728
1.82
Single-Family Home
$167,000
03/04/26
3
1
1,020
2.06
Single-Family Home
$560,000
05/28/26
2
2
2,144
2.55
Single-Family Home
$135,000
05/01/26
3
-
1,905
3.13
Single-Family Home
$115,000
09/10/26
3
2
1,715
3.08
Single-Family Home
$250,000
06/30/26
3
3
2,659
3.73
Single-Family Home
$320,000
08/05/26
3
3
1,792
3.69
Single-Family Home
$383,500
05/29/26
3
2
2,124
4.60
Single-Family Home
$377,500
11/06/25
3
2
1,577
4.39
Single-Family Home
$73,400
03/20/26
3
1
1,500

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
0.64
$138,300
2
1.5
980
Off Market
0.69
-
-
-
-
Off Market
0.71
-
-
-
-
Off Market
0.77
$220,000
-
-
-
Recently Sold
1.14
-
-
-
-
Off Market
1.55
-
4
1
1,302
Off Market

Local Information

  • Map ViewExplore the area around 1166 Melrose Rd.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1988
50.5 acre lot
1,636 sqft
$238/sqft

About this House

The perfect get away, leave the stress of the world behind you on this beautiful 50 acre tract. The home is nestled on the back of the property overlooking the scenic Stanton River. This well-built 3 bedroom home offers hard wood floors, a spacious kitchen, sunroom and a huge covered deck and a full basement. The land is gently rolling with approximately 10 acres open and the remaining is mature hardwood forest. Wildlife is abundant. The opportunities are endless with this property located only 30 miles from Lynchburg. Two lots sold together as one. Parcel ID: 100A14- 44.3 acres and Parcel ID: 100A14B- 6.7 acres
1166 Melrose Rd, Gladys, VA 24554 is a studio, 1,636 sqft single-family home built in 1988. It last sold for $320,000 on Nov 30, 2022. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $389,000, with a rent estimate of $1,214/month.

Home Details for 1166 Melrose Rd

Interior Features

Heating & Cooling
Heating: Heat PumpHeating Fuel: Heat Pump
Interior Details
Number of Rooms: 7
Fireplace & Spa
Fireplace

Property Information

Year Built
Year Built: 1988
Property Type / Style
Property Type: Single Family Home

Exterior Features

Exterior Home Features
Exterior: Wood

Lot Information

Lot Area: 50.50 acres

Price and Tax history

DateEventPrice
Nov 30, 2022
Source: LMLS #340587
Sold
$320,000
Oct 25, 2022
Source: LMLS #340587
Pending
$359,900
Sep 20, 2022
Source: LMLS #340587
Listed For Sale
$359,900
Aug 29, 2019
Source: N/A
Sold
$205,000
Mar 31, 2017
Source: LMLS #302421
Sold
$190,000

Market trends in Gladys

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
Sale-to-List Price
Price per sq ft
Available listings
18
1
MoM

What Locals Say about Gladys

At least 2 Trulia users voted on each feature.
  • 100 % Say parking is easy

  • 100 % Say car is needed

  • 100 % Say there's wildlife

  • 100 % Say there's holiday spirit

  • 67 % Say yards are well-kept

  • 50 % Say it's quiet

  • 50 % Say they plan to stay for at least 5 years

  • 50 % Say it's dog friendly

  • 50 % Say there are sidewalks

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "The community is absolutely wonderful and so welcoming. Very thankful for the people we have in this area. Very safe. "
  • Tripp.isenhour
    "Quiet rural area, mostly older residents. Plenty of space and friendly people. Schools are fairly close. "

LGBTQ Local Legal Protections

Frequently asked questions about 1166 Melrose Rd

  • What is 1166 Melrose Rd estimated to be worth?
    Trulia's estimated value for 1166 Melrose Rd in Gladys, VA is $389,000.
  • What is the price history for 1166 Melrose Rd?
    1166 Melrose Rd in Gladys, VA last sold for $320,000 in November 2022.
  • Is Gladys a buyer's or seller's market?
    Gladys is currently a buyer's market, based on recent for-sale activity.
  • What are the closest schools to 1166 Melrose Rd?
    The closest schools to 1166 Melrose Rd in Gladys, VA are Brookneal Elementary School (Pre-K, rated 5/10), William Campbell High School (Middle, rated 3/10).
  • How big is the lot at 1166 Melrose Rd?
    The lot at 1166 Melrose Rd in Gladys, VA is about 6.2 acres.

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Off Market Homes Near 1166 Melrose Rd

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