388 Melpar Dr, Nashville, TN 37211
388 Melpar Dr, Nashville, TN 37211, Active at $349,900 ($241/sq ft). 4 bd · 2 ba · 1,450 sqft · $241/sqft · 0.34 ac.
388 Melpar Dr, Nashville, TN 37211, Active at $349,900 ($241/sq ft). 4 bd · 2 ba · 1,450 sqft · $241/sqft · 0.34 ac.
Active · $349,900
MLS #3545828 · listed September 9, 2026 · 49 days on market · updated October 24, 2026
4-bed, 2-bath home at 388 Melpar Dr in Fairlane Park, Nashville, 1,450 sqft, $349,900 ($241/sqft), by Blackwell Realty.
388 Melpar Dr is a 4-bedroom, 2-bath home in Nashville, TN 37211, offered at $349,900, about $241/sq ft across 1,450 sq ft.
At $241/sq ft, this home is about 5% below the Nashville 37211 median list price per square foot of $254.
Recently sold in Nashville 37211: 284 comparable homes from $230,000 to $470,000, a median of $264/sq ft; this listing at $241/sq ft is about 9% below recent sold prices.
Market read: the Nashville 37211 homes market is balanced as of October 24, 2026, at about 4.8 months of inventory; recent sales have closed near 98.8% of list in the 12 months to October 25, 2026.
All-in, about $2,396/mo at 20% down (7.33% 30-year fixed).
Beyond principal and interest, the recurring carrying costs on this home (property tax, insurance) run about $471/mo, roughly 20% of the all-in monthly payment.
At the current 7.33% 30-year rate, principal and interest on this home runs about $1,925/mo; at the 6.81% rate of about three months ago it would be roughly $1,827/mo, so monthly P&I is about $98 higher now.
School zone: assigned to Tusculum Elementary, McMurray Middle, John Overton Comp High School. Attendance zones can change; verify current assignment with the district.
Next step: ask Grant Hammond anything about 388 Melpar Dr (comps, HOA, tours) and he replies personally, usually same day.
Analysis by Grant Hammond, Compass RE. Figures as of October 24, 2026. Realtracs via IDX.
This is a standard residential home, not a permitted short-term rental.
More context: homes for sale in Nashville.
Think "Grandma's House" that's maintained really well! Roof just 4 years old. New Full Bath installed 1 year ago. HVAC only 3 years old. Consistently serviced by UrbanX with new service this week. Gorgeous setting overlooking open field to the back. Super convenient location and close to downtown. All one level with Hardwoods throughout below carpets! Ready for your vision! Super solid home ready for cosmetic updates. Home features a good sized unfinished Cellar/Basement for great storage! Home has had the one owner since being built. Sold in behalf of the Estate. Sold as-is. But all inspections are welcome.
Listing remarks via the Realtracs Internet Data Exchange.
Complete reported fields for 388 Melpar Dr (reference).
| Date | Event | Price | Change |
|---|---|---|---|
| Price change | $349,900 | -$30,000 (-7.9%) | |
| Listed | $379,900 | ||
| Quitclaim deed | $0 |
Listed September 9, 2026, this listing has been on the market 49 days as of October 28, 2026. The price has been reduced once, from $379,900 to $349,900 (-7.9%), most recently on October 24, 2026.
County assessment from Davidson County public records; listing-cycle history tracked by the GH Market Engine.
The Davidson County Assessor's appraised value of 388 Melpar Dr by year: $88,800 in 1999 to $313,200 in 2025, a change of +253%. Appraised value is the county's figure for taxation, not a market value or a sale price.
| Year | Land | Building | Yard items | Total | Category |
|---|---|---|---|---|---|
| 2025 | $68,000 | $242,600 | $2,600 | $313,200 | ROLL |
| 2021 | $50,000 | $167,500 | $2,800 | $220,300 | ROLL |
| 2017 | $31,000 | $125,800 | $2,800 | $159,600 | ROLL |
| 2013 | $21,000 | $85,800 | $2,700 | $109,500 | ROLL |
| 2009 | $26,000 | $92,000 | $2,500 | $120,500 | ROLL |
| 2005 | $22,000 | $100,100 | $1,900 | $124,000 | ROLL |
| 2001 | $20,000 | $82,600 | $1,900 | $104,500 | ROLL |
| 2000 | $18,500 | $70,300 | $0 | $88,800 | ROLL |
| 1999 | $18,500 | $70,300 | $0 | $88,800 | ROLL |
Source: Davidson County Assessor of Property, historical appraisal record, as recorded; totals are the county's own figures. Davidson County reappraises every four years (most recently 2025); other years reflect changes recorded between reappraisals.
Estimated monthly ownership for 388 Melpar Dr at $349,900: principal & interest, property tax, insurance. Estimate only; not a loan offer.
| List price | $349,900 |
|---|---|
| Property tax basis | Assessed value × 25% (TN residential ratio) × the Metro Nashville / Davidson County rate |
Estimated total monthly payment for 388 Melpar Dr is about $2,396/mo, 20% down on a 30-year fixed at 7.33% (a conforming loan), including principal & interest $1,925, estimated property tax $203, homeowners insurance $268. Estimate only; not a loan offer.
| Principal & interest | $1,925/mo |
|---|---|
| Property tax (est.) | $203/mo |
| Homeowners insurance (est.) | $268/mo |
| Estimated total | $2,396/mo |
Assumes 20% down, 30-year fixed at 7.33% (Mortgage News Daily, as of October 23, 2026). Property tax uses the Davidson County General Services District rate at the 25% TN residential ratio. Estimate only; not a loan offer or appraisal. Enable JavaScript to adjust down payment, term, loan type, and rate.
| 30-year rate | Principal & interest | Est. total / mo | vs current |
|---|---|---|---|
| 6.33% | $1,738/mo | $2,209/mo | -$187/mo |
| 6.83% | $1,830/mo | $2,301/mo | -$95/mo |
| 7.33% | $1,925/mo | $2,396/mo | current |
| 7.83% | $2,021/mo | $2,492/mo | +$96/mo |
| 8.33% | $2,119/mo | $2,590/mo | +$194/mo |
Principal & interest on a 30-year fixed at 20% down ($279,920 loan), with property tax, insurance held constant at $471/mo. Current 30-year fixed 7.33% (Mortgage News Daily, as of October 23, 2026). Estimate only; not a loan offer.
Owning 388 Melpar Dr runs about $2,396/mo all-in, from the payment estimate above. Whether buying beats renting turns on how long you stay, how fast prices and rents move, and the rent you would otherwise pay. Turn on JavaScript to model those assumptions and find the year buying pulls ahead.
Method: net cost to own equals down payment plus about 3% closing plus payments made, minus equity built (principal paid and appreciation) and about 7% exit costs, measured against cumulative rent. Broker commissions are not set by law and are fully negotiable. Estimate only; not financial advice.
The Davidson County appraised value of $313,200 trails the $349,900 list price. If the next reassessment moves the appraised value toward today's market, estimated annual property tax would rise from about $2,178 now to roughly $2,434 (appraised value times the 25% Tennessee residential ratio times the Davidson County General Services District rate). Reassessment timing and the certified rate can change, and a purchase does not by itself trigger reassessment. Verify with the Davidson County Assessor of Property and Trustee. Estimate only.
| Metric | This home | Nashville 37211 active | Recently sold |
|---|---|---|---|
| Price / sq ft | $241 | $253 median | - |
| Price position | 42nd pctile | -5% vs median | - |
| Nashville 37211 vs greater Nashville | - | -24% | - |
This listing beside the active Nashville 37211 market and recent recorded closings. Computed by Grant Hammond from Realtracs via IDX, as of October 28, 2026.
This listing beside the active Nashville 37211 market and recent recorded closings. Computed by Grant Hammond from Realtracs via IDX, as of October 25, 2026.
Among the active homes in Nashville 37211, this home at $241/sq ft falls in the 42nd percentile on price per square foot.
Nashville 37211 trades about 24% below greater Nashville on a price-per-square-foot basis.
Taken together, this home reads in line with Nashville 37211 on a per-square-foot basis.
Computed by Grant Hammond from the active Nashville 37211 comparables (Realtracs via IDX), as of October 28, 2026, refreshed weekly.
Median list price per square foot for active single-family homes by high-school attendance zone. Attendance zones cross city mailing lines; this is a price comparison, not a rating.
| High-school zone | Median $/sq ft |
|---|---|
| Hillsboro | $460/sq ft |
| Stratford | $369/sq ft |
| Pearl-Cohn | $318/sq ft |
| Maplewood | $317/sq ft |
| Glencliff | $282/sq ft |
| James Lawson | $273/sq ft |
| John Overton | $263/sq ft |
| McGavock | $236/sq ft |
| Hunters Lane | $233/sq ft |
| Whites Creek | $233/sq ft |
| Cane Ridge | $220/sq ft |
| Antioch | $212/sq ft |
Computed by Grant Hammond from active Davidson County listings (Realtracs via IDX).
| Active listings | 237 in Nashville 37211 homes |
|---|---|
| Recent absorption | about 49.4 sales / mo |
| Months of inventory | 4.8 months, a balanced market |
Over the past 12 months, homes in Nashville 37211 homes sold at about 98.8% of list price.
Recorded sales in Nashville 37211 homes: 864 in the past 12 months.
Supply-side and recent-sale context for Nashville 37211 homes. Sale figures are trailing 6/12/24-month medians of recorded Nashville 37211 homes closings. Source Realtracs via IDX, as of October 24, 2026.
388 Melpar Dr sits in Fairlane Park, Nashville, Davidson County.
In Nashville 37211, homes there are priced around $254 per square foot; inventory in Nashville 37211 homes is running at about 4.8 months, a balanced market; recent sales closed near 98.8% of list price; 284 sales have been recorded in the past year.
Neighborhood housing-market facts computed by Grant Hammond from Realtracs via IDX, as of October 25, 2026.
Approximately 7.7 miles from downtown Nashville (straight-line distance).
388 Melpar Dr is zoned for Tusculum Elementary, McMurray Middle, John Overton Comp High School. Attendance zones and enrollment change, confirm current zoning with the Metro Nashville Public Schools district before relying on it.
Get the full details, recent comparable sales, and any off-market options for 388 Melpar Dr - plus tour times if you want them. Grant Hammond, Compass RE, replies personally, usually the same day.
Comparable listings near 388 Melpar Dr, by price and size.
Listed by Andrew Dicker, Blackwell Realty. Properties marked with the MTRMLS logo are provided courtesy of the Realtracs Internet Data Exchange Program. Information believed accurate but not guaranteed. IDX by Diverse Solutions.
Nashville housing market 2026 outlook shows rising inventory, rate-sensitive buyers, and county-level divergence between Davidson and Williamson Counties.
September 2026 Middle Tennessee real estate data shows active inventory up 8% year over year to 14,249 homes, months of supply at 5.41, and the average sale price up 5% to $631,993 while the median rose 2% to $444,169. Preliminary closings and listing counts will revise; this post updates October 9. Analysis covers Davidson, Williamson, Rutherford, Wilson, and Maury Counties.
August 2026 Middle Tennessee real estate data shows active inventory up 10% year over year to 14,294 homes, months of supply at 5.59, and the average sale price up 3% to $637,141 while the median held flat at $450,000. Preliminary closings and listing counts will revise; this post updates September 9. Analysis covers Davidson, Williamson, Rutherford, Wilson, and Maury Counties.
July 2026 Middle Tennessee real estate data shows the average sale price up 6% year over year to $646,875, active inventory up 9%, and new contracts down 1% even as closings fell 8% and new listings dropped 19%. Months of supply rose to 4.92. Analysis covers Davidson, Williamson, Rutherford, Wilson, and Maury Counties.
As of the latest update (October 24, 2026), 388 Melpar Dr, Nashville is active, per Realtracs. Contact Grant Hammond, Compass RE, for current availability.
388 Melpar Dr was listed on September 9, 2026 and has been on the market 49 days as of October 28, 2026, per Realtracs.
Yes. It was first listed at $379,900. The price has been reduced once, most recently to $349,900 on October 24, 2026, a total change of -7.9%.
388 Melpar Dr, Nashville is listed at $349,900, about $241 per square foot across 1,450 square feet.
4 bedrooms and 2 bathrooms.
About $241 per square foot ($349,900 across 1,450 sqft).
388 Melpar Dr, Nashville was built in 1957.
No garage is reported in the listing.
No HOA dues are reported for this home.
388 Melpar Dr, Nashville is in the Fairlane Park subdivision of Nashville.
About $2,396 a month with 20% down on a 30-year fixed at 7.33%, principal and interest $1,925, estimated property tax $203, insurance $268. Estimate only; not a loan offer. Adjust the down payment, term, loan type, and rate in the financing calculator on this page.
388 Melpar Dr, Nashville is zoned for Tusculum Elementary, McMurray Middle, John Overton Comp High School. Attendance zones and enrollment change, verify current zoning with the Metro Nashville Public Schools district.
No, 388 Melpar Dr, Nashville is a standard residential home, not a permitted short-term rental. Ask Grant Hammond about STR-eligible inventory if that is your goal.
Request a time using the tour form on this page (in-person or a live video walkthrough), or call or text Grant Hammond, Compass RE, at (615) 945-7123. Most showings are confirmed within 24 to 48 hours.
Grant Hammond, Compass RE, can prepare and present your offer, walk you through price, contingencies, and timeline, and represent you through closing. Start with the form on this page or call (615) 945-7123. Broker fees are not set by law and are fully negotiable.
Yes. This page shows the full photo set and reported MLS fields; contact Grant Hammond, Compass RE, for a disclosure packet, recent comparable sales, and any off-market options.
Grant Hammond, Compass RE (TN Broker), with 25+ years and $1B+ in Middle Tennessee sales. Use the tour or question form on this page.
At about $241 per square foot, 388 Melpar Dr, Nashville ranks in the 42nd percentile of active Nashville 37211 listings by price per square foot, roughly 5% below the Nashville 37211 median; recent comparable sales in Nashville 37211 closed near $264 per square foot. This is comp-based analysis by Grant Hammond, Compass RE, not an appraisal.
The Nashville 37211 homes market is currently balanced, at about 4.8 months of inventory; recent sales have closed near 98.8% of list price over the past year, per Realtracs as of October 24, 2026.
Thinking of selling in Fairlane Park?
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