523 Melrose Ln, Independence, VA 24348
Property image
Property image
SOLD
AUG 17, 2026

$188,600

Trulia Estimate
  • 3 Beds
  • 1 Bath
  • 1,260 sqft (on 0.54 acres)

523 Melrose Ln, Independence, VA 24348

Est. Refi. Payment $1,178/mo*
Refinance Your Home
Currently Off Market - Sold Aug 17, 2026 for $189,000 (3% below list price)

Home Value

Trulia Estimate
$189K
Since last month
$0 (0%)
Since last year
Increased$94K (+98.6%)
Since last sale
Increased$100 (+0.1%)
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 +246% in the last 10 years
MonthEstimated value
2026
September 2026$189K
August 2026$189K
July 2026$189K
June 2026$195K
May 2026$199K
2025
2024
2023
2022
2021
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
209 Bond Ave, Independence, VA
0.29
Single-Family Home
$236,245
08/24/26
3
1
1,339
502 Powerhouse Rd, Independence, VA
0.07
Single-Family Home
$140,000
01/13/26
4
2
1,636
409 S Independence Ave, Independence, VA
0.72
Single-Family Home
$195,000
07/22/26
3
2
1,755
166 Dogwood Ln, Independence, VA
1.18
Single-Family Home
$240,000
11/04/25
3
3
1,797
32 Stoneacres Lane, Independence, VA
1.38
Single-Family Home
$110,000
02/02/26
3
2
1,594

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
502 Powerhouse Rd, Independence, VA 24348
0.07
$140,000
4
2
1,636
Recently Sold
Powerhouse Rd, Independence, VA 24348
0.13
$82,500
-
-
-
For Sale
348 Rainbow Cir, Independence, VA 24348
0.24
$235,500
3
2
2,500
Off Market
310 Hillcrest Ave, Independence, VA 24348
0.28
$201,600
2
1
950
Off Market
Morton Dr, Independence, VA 24348
0.29
-
-
-
-
Off Market
727 Oak Ridge Dr, Independence, VA 24348
0.30
$299,600
3
2.5
2,341
Off Market
209 Bond Ave, Independence, VA 24348
0.29
$236,245
3
1
1,339
Recently Sold
1011 Main St, Independence, VA 24348
0.33
$409,900
3
1.5
1,665
Off Market
411 Williams St, Independence, VA 24348
0.47
-
3
2
1,690
Off Market
259 Hilltop Dr, Independence, VA 24348
0.48
$128,700
2
1
987
Off Market
230 Hilltop Dr, Independence, VA 24348
0.48
$142,000
2
1
884
Off Market

Local Information

  • Map ViewExplore the area around 523 Melrose Ln.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1950
0.54 acre lot
1,260 sqft
$150/sqft

About this House

Welcome to this beautifully updated 3-bedroom, 1-bath home nestled in the scenic countryside of Independence. Offering the perfect balance of privacy and convenience, this charming property is an excellent opportunity for first-time buyers, downsizers, or anyone looking for a peaceful place to call home in the heart of the Blue Ridge Highlands. Step inside to discover a fresh, modern interior featuring new paint throughout, updated flooring, and stylish new fixtures that give the home a clean and inviting feel. The bright living spaces provide a comfortable layout for everyday living, while the refreshed kitchen and bath make this home move-in ready from day one. With three bedrooms, there is plenty of space for family, guests, a home office, or hobby room. Situated in a quiet, private setting, the property offers room to relax and enjoy the natural beauty that makes this area of Southwest Virginia so desirable. Enjoy your morning coffee while taking in peaceful surroundings, or spend evenings unwinding in the fresh mountain air. Despite the tranquil location, you are only minutes from grocery stores, local restaurants, schools, and daily conveniences. Outdoor enthusiasts will love being near the recreational opportunities of New River, known for kayaking, fishing, tubing, and scenic beauty. It's just minutes away from Powerhouse Falls. The nearby Mount Rogers National Recreation Area offers exceptional hiking, horseback riding, and camping opportunities, while the famous Blue Ridge Parkway is just a short drive away for breathtaking mountain views and weekend adventures. Residents also enjoy local events, music, and small-town charm throughout Grayson County. Don't miss your chance to own this move-in ready gem in beautiful Independence, Virginia.
523 Melrose Ln, Independence, VA 24348 is a 3 bedroom, 1 bathroom, 1,260 sqft single-family home built in 1950. It last sold for $189,000 on Aug 17, 2026 (3% below the $194,500 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $188,600, with a rent estimate of $1,406/month.
Last check for updates: about 21 hours ago
Listed by Elaine Smith, (540) 315-0155
BHHS- Mountain Sky Properties-Hillsville, (276) 728-9500
Bought with: Bailey Reynolds, (336) 757-2078, Keller Williams Realty Elite, (336) 283-8683
Source: SWVAR, MLS#110221

Home Details for 523 Melrose Ln

Interior Features

Interior Details
Basement: Partial,UnfinishedNumber of Rooms: 8Types of Rooms: Master Bedroom, Bedroom 2, Bedroom 3, Bathroom, Dining Room, Kitchen, Living Room, Basement
Beds & Baths
Number of Bedrooms: 3Main Level Bedrooms: 3Number of Bathrooms: 1Number of Bathrooms (full): 1Number of Bathrooms (main level): 1
Dimensions and Layout
Living Area: 1260 Square Feet
Appliances & Utilities
Utilities: Natural Gas Not AvailableAppliances: Electric OvenLaundry: In Basement
Heating & Cooling
Heating: Forced AirHas CoolingHas HeatingHeating Fuel: Forced Air
Fireplace & Spa
Fireplace: NoneNo Fireplace
Windows, Doors, Floors & Walls
Window: Insulated WindowsFlooring: Newer Floor Covering, Luxury Vinyl
Levels, Entrance, & Accessibility
Stories: 1Floors: Newer Floor Covering, Luxury Vinyl
View
Has a View

Exterior Features

Exterior Home Features
Roof: ShinglePatio / Porch: Covered, PorchFencing: NoneExterior: Mature TreesFoundation: Block
Parking & Garage
No CarportNo GarageNo Attached GarageParking: Driveway,Gravel
Frontage
Waterfront: NoneRoad Surface Type: UnimprovedNot on Waterfront
Water & Sewer
Sewer: Public Sewer
Finished Area
Finished Area (above surface): 1260 Square FeetFinished Area (below surface): 924 Square Feet

Property Information

Year Built
Year Built: 1950
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Bungalow
Building
Construction Materials: Block, Vinyl Siding

Price & Status

Price
List Price: $194,500Price Per Sqft: $150/sqft

Active Status

MLS Status: Sold

Location

Direction & Address
City: IndependenceCommunity: None
School Information
Elementary School: IndependenceJr High / Middle School: IndependenceHigh School: Grayson County

Building

Building Area
Building Area: 2184 Square Feet

HOA

HOA Fee Includes: NoneNo HOA

Lot Information

Lot Area: 0.54 acres

Miscellaneous

BasementMls Number: 110221Water View: NoneAbove Grade Unfinished Area: 1260

Price and Tax history

DateEventPrice
Aug 17, 2026
Source: SWVAR #110221
Sold
$189,000
Jul 21, 2026
Source: SWVAR #110221
Pending
$194,500
Jun 29, 2026
Source: SWVAR #110221
PriceChange
$194,500
Price decreased by 3%
May 21, 2026
Source: SWVAR #110221
Listed For Sale
$199,500
Dec 5, 2025
Source: SWVAR #103769
Sold
$78,000

Market trends in Independence

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
25
2MoM

Around this home

View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Independence

At least 3 Trulia users voted on each feature.

  • 100 % Say there's wildlife

  • 100 % Say yards are well-kept

  • 100 % Say parking is easy

  • 83 % Say car is needed

  • 75 % Say they plan to stay for at least 5 years

  • 71 % Say there's holiday spirit

  • 67 % Say people would walk alone at night

  • 67 % Say kids play outside

  • 50 % Say there are sidewalks

  • 43 % Say neighbors are friendly

  • 40 % Say it's quiet

  • 33 % Say it's walkable to restaurants

  • 33 % Say it's walkable to grocery stores

  • 25 % Say it's dog friendly

  • 20 % Say streets are well-lit

Sourced by Trulia users. Learn more about our methodology.
  • Ky6wpx85rm
    "There is a wonderful park with a trail you can walk your dog. There is a basketball, court, baseball fields, tennis courts, community, pool, and the main thing about living in Independence Virginia is most of the homes have land so you actually have more space for your dogs/Animal to run Free"
    2
    Flag
  • Splash2371
    "nothing has changed here in twenty years, and we like it that way. we do not like people coming here and trying to change things. they usually will move away after awhile if they try.. "
    0
    Flag

LGBTQ Local Legal Protections

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Frequently asked questions about 523 Melrose Ln

  • What is 523 Melrose Ln estimated to be worth?
    Trulia's estimated value for 523 Melrose Ln in Independence, VA is $188,600.
  • What is the price history for 523 Melrose Ln?
    523 Melrose Ln in Independence, VA last sold for $189,000 in August 2026.
  • Is Independence a buyer's or seller's market?
    Independence is currently a balanced market, based on recent for-sale activity.
  • What are the closest schools to 523 Melrose Ln?
    The closest schools to 523 Melrose Ln in Independence, VA are Grayson County High School (rated 7/10), Independence Elementary School (Pre-K, rated 5/10), Independence Middle School (rated 7/10).
  • Does 523 Melrose Ln have air conditioning?
    Yes, 523 Melrose Ln in Independence, VA has air conditioning.
  • Does 523 Melrose Ln have laundry facilities?
    Yes, 523 Melrose Ln in Independence, VA has laundry facilities.

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