Listed by Randy White of Redfin
Nearly 4,000 sq ft of flexible living space with a private lower-level suite and strong income potential -- just ~12 minutes from ORNL. Spacious 3,890 sq ft home on a quiet cul-de-sac in one of Oak Ridge's most desirable, established neighborhoods. The home features a brand-new roof (September 2025) with lifetime architectural shingles, along with hardwood floors, granite flooring in the foyer, many replaced windows, and a major renovation completed in 2009. The main floor includes a living room with fireplace, dining area, kitchen, and a convenient half bath. The upper level offers four large bedrooms and three full bathrooms. A fourth level provides an extra-large playroom or open office space, ideal for remote work, creative use, or a private retreat. The lower level includes a finished living area with a full bathroom, utility room, and two bedrooms. Across the home, all bedrooms are comfortably sized and fully usable. The smallest bedroom exceeds 10 10, while several rooms approach or exceed ~250 sq ft (see floor plans), allowing space for full bedroom sets, dedicated work areas, and hobbies without compromise. Separate income/guest opportunity: the lower-level layout allows for a potential 2-bedroom executive-style suite with private living space. It benefits from a separate entrance and enhanced sound separation from the main living areas. Given the home's proximity to ORNL, the space is well positioned for short- or mid-term rental use, with typical Oak Ridge demand supporting approximately $1,500-$2,500/month at moderate (~50%) occupancy, depending on furnishing and management. Additional features include covered decks on both main and lower levels, a 2-car attached garage, and a quiet, low-traffic setting. Location: - ORNL: ~12 minutes - Schools, Oak Ridge Mall, and restaurants: ~5-10 minutes Homes of similar size in Oak Ridge can approach $700K-$800K+ when fully modernized, making this a compelling opportunity to realize long-term value. Seller is offering a $15,000 credit at closing, which can be used toward interest rate reduction, closing costs, or to preserve buyer funds for upgrades, furnishings, or other priorities.

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Property Details of 118 W Melbourne Road

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Based on information submitted to East Tennessee Realtors as of June 4, 2026 4:26 PM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

 
 

 

 

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