Is parking easy in Melbourne, AR?

As of early 2026, 100% of users say parking is easy

Is there wildlife in Melbourne, AR?

As of early 2026, 89% of users say there's wildlife

Are yards well-kept in Melbourne, AR?

As of early 2026, 89% of users say yards are well-kept

Is a car needed in Melbourne, AR?

As of early 2026, 86% of users say car is needed

Do residents of Melbourne, AR plan to stay at least 5 years?

As of early 2026, 85% of users say they plan to stay for at least 5 years

Would people walk alone at night in Melbourne, AR?

As of early 2026, 80% of users say people would walk alone at night

Is Melbourne, AR walkable to grocery stores?

As of early 2026, 63% of users say it's walkable to grocery stores

Do kids play outside in Melbourne, AR?

As of early 2026, 55% of users say kids play outside

Are there community events in Melbourne, AR?

As of early 2026, 55% of users say there are community events

Are neighbors friendly in Melbourne, AR?

As of early 2026, 52% of users say neighbors are friendly

Is Melbourne, AR quiet?

As of early 2026, 50% of users say it's quiet

Does Melbourne, AR show holiday spirit?

As of early 2026, 50% of users say there's holiday spirit

Does Melbourne, AR have sidewalks?

As of early 2026, 40% of users say there are sidewalks

Are the streets well-lit in Melbourne, AR?

As of early 2026, 40% of users say streets are well-lit

Is Melbourne, AR walkable to restaurants?

As of early 2026, 38% of users say it's walkable to restaurants

Is Melbourne, AR dog-friendly?

As of early 2026, 20% of users say it's dog friendly

What is 400 E 1st St estimated to be worth?

Trulia's estimated value for 400 E 1st St in Franklin, AR is $605,300 .

Is Franklin a buyer's or seller's market?

Franklin is currently a balanced market, based on recent for-sale activity.

What do residents say about Franklin?

Residents describe Franklin, AR as easy to park in, well-kept, and established. Most residents say you need a car. See recently sold homes in Franklin, AR .

What are the closest schools to 400 E 1st St?

The closest schools to 400 E 1st St in Franklin, AR are Melbourne Elementary School (Pre-K, rated 7/10), Melbourne High School (Middle, rated 8/10).

Does 400 E 1st St have air conditioning?

Yes, 400 E 1st St in Franklin, AR has air conditioning.

How big is the lot at 400 E 1st St?

The lot at 400 E 1st St in Franklin, AR is about 40.8 acres .

OFF MARKET

$605,300

Trulia Estimate

Studio
4 Baths
2,931 sqft (on 40.75 acres)

400 E 1st St, Franklin, AR 72536

Est. Refi. Payment $3,438/mo*

Refinance Your Home

Home Value

Trulia Estimate

$605K

Since last month

$10K (-1.6%)

Since last year

$137K (-18.5%)

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 decreased by -15% in the last 10 years

Month	Estimated value
2026
August 2026	$605K
July 2026	$615K
June 2026	$625K
May 2026	$662K
April 2026	$728K
March 2026	$782K
February 2026	$735K
January 2026	$765K
2025
December 2025	$780K
November 2025	$764K
October 2025	$722K
September 2025	$749K
August 2025	$743K
July 2025	$752K
June 2025	$713K

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
225 E Olive St, Melbourne, AR	0.00	Single-Family Home	$285,000	04/01/26		2	2,051
854 Hurricane Creek Rd, Melbourne, AR	0.36	Single-Family Home	$290,000	06/22/26	2	2	1,500
48 Alisa Cir, Melbourne, AR	0.41	Single-Family Home	$356,000	10/23/25	3	2	1,856
2174 N Main St, Melbourne, AR	0.50	Single-Family Home	$206,000	12/16/25	3	2	1,368
653 Plantation Cir, Melbourne, AR	1.51	Single-Family Home	$275,000	10/10/25	4	3	2,780
1665 N State Highway 9, Melbourne, AR	1.32	Single-Family Home	$235,000	07/30/26	3	2	2,132
1456 Old Larkin Rd, Melbourne, AR	1.23	Single-Family Home	$226,000	11/03/25	2	2	1,576
470 Judge Ashley Dr, Melbourne, AR	1.51	Single-Family Home	$225,000	11/12/25	3	2.5	1,600
1018 Old Fort Rd, Melbourne, AR	2.34	Single-Family Home	$405,000	02/25/26	3	3	4,245
144 Larkin Rd, Melbourne, AR	1.74	Single-Family Home	$159,000	09/29/25	3	1	1,560

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
227 Cooper Ct, Melbourne, AR 72556	0.31	-	-	-	-	Off Market
854 Hurricane Creek Rd, Melbourne, AR 72556	0.36	$290,000	2	2	1,500	Recently Sold
48 Alisa Cir, Melbourne, AR 72556	0.41	$355,200	3	2	1,856	Off Market
2294 N Main St, Melbourne, AR 72556	0.47	$162,400	3	2	1,344	Off Market
2174 N Main St, Melbourne, AR 72556	0.50	$206,000	3	2	1,368	Recently Sold
474 Jones Farm Rd, Melbourne, AR 72556	0.73	$344,400	2	1.5	1,200	Off Market
1456 Old Larkin Rd, Melbourne, AR 72556	1.23	$226,000	2	2	1,576	Recently Sold
1665 N State Highway 9, Melbourne, AR 72556	1.32	$235,000	3	2	2,132	Recently Sold
653 Plantation Cir, Melbourne, AR 72556	1.51	$274,600	4	3	2,780	Off Market

Local Information

Map ViewExplore the area around 400 E 1st St.
Schools1 Preschool School1 Elementary School1 Middle School1 High School
Shop & Eat

-- mins to

Commute Destination

Home Highlights

Property Type

Single-Family Home

Year Built

2022

Lot Size

40.75 acres

Living Area

2,931 sqft

Price/Sqft

$207

Parking

Garage

About this House

This single-family home is located at 400 E 1st St, Franklin, AR. 400 E 1st St is in Franklin, AR and in ZIP code 72536. This property has 4 bathrooms and approximately 2,931 sqft of floor space. This property has a lot size of 40.75 acres and was built in 2022.

400 E 1st St, Franklin, AR 72536 is a studio, 4 bathroom, 2,931 sqft single-family home built in 2022. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $605,300, with a rent estimate of $2,683/month.

Home Details for 400 E 1st St

Interior Features
Levels, Entrance, & Accessibility Stories: 1Floors: Tile, Carpet
Heating & Cooling Air ConditioningCooling System: Central
Fireplace & Spa Fireplace

Exterior Features
Exterior Home Features Roof: Shake ShingleExterior: BrickFoundation Type: Slab
Parking & Garage GarageParking: Garage Attached

Property Information
Year Built Year Built: 2022
Property Type / Style Property Type: Single Family Home

Lot Information
Lot Area: 40.75 acres

Price and Tax history

Year	Property tax	Tax assessment
2025	$1,456	$235,050

Home facts updated by county records

Additional Cost

Market trends in Melbourne

Last updated July 2026

Avg. sale price

—

Sale-to-List Price

—

Price per sq ft

—

Available listings

2MoM

Around this home

Melbourne Elementary School
PK-6
Public
344 Students
Melbourne School District
7/10
GreatSchools Rating
Parent Rating Average
This is an outstanding school! The administration and faculty give 110 all the time. The literacy programs are top notch!
Parent Review
12y ago
1 Reviews

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 Melbourne

At least 5 Trulia users voted on each feature.

100 % Say parking is easy
89 % Say there's wildlife
89 % Say yards are well-kept
86 % Say car is needed
85 % Say they plan to stay for at least 5 years
80 % Say people would walk alone at night
63 % Say it's walkable to grocery stores
55 % Say kids play outside
55 % Say there are community events
52 % Say neighbors are friendly
50 % Say it's quiet
50 % Say there's holiday spirit
40 % Say there are sidewalks
40 % Say streets are well-lit
38 % Say it's walkable to restaurants
20 % Say it's dog friendly

Sourced by Trulia users. Learn more about our methodology.

Jenbrassfield
Resident
6y ago
"Great area. Right in the middle of several vacation spots such as Hardy, Calico Rock, Mountain Home, Bull Shoals. Tons of places to camp, fish, and swim. "
0
Flag
ElisabethM
Resident
7y ago
"I grow up outside of Melbourne and moved back after I married, my husband and I are looking to buy our own home in town soon. People are very friendly and it's a peaceful little town I just love it here"
5
Flag

LGBTQ Local Legal Protections

Frequently asked questions about 400 E 1st St

What is 400 E 1st St estimated to be worth?
Trulia's estimated value for 400 E 1st St in Franklin, AR is $605,300.
Is Franklin a buyer's or seller's market?
Franklin is currently a balanced market, based on recent for-sale activity.
What do residents say about Franklin?
Residents describe Franklin, AR as easy to park in, well-kept, and established. Most residents say you need a car. See recently sold homes in Franklin, AR.
What are the closest schools to 400 E 1st St?
The closest schools to 400 E 1st St in Franklin, AR are Melbourne Elementary School (Pre-K, rated 7/10), Melbourne High School (Middle, rated 8/10).
Does 400 E 1st St have air conditioning?
Yes, 400 E 1st St in Franklin, AR has air conditioning.
How big is the lot at 400 E 1st St?
The lot at 400 E 1st St in Franklin, AR is about 40.8 acres.

Apartments for Rent

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NEW - 1 DAY AGO
Contact for price
1 bd
1 ba
Melbourne Meadows Apartments | 68 Rebecca St,
Melbourne, AR 72556
Contact for price
1 bd
1 ba
110 Dixon St #16,
Melbourne, AR 72556
Contact for price
1-2 bd
1-2 ba
195 Moser St #776f18ccb,
Melbourne, AR 72556
$495/mo
1 bd
1 ba
89 Moser St #3,
Melbourne, AR 72556
$490/mo
1 bd
1 ba
89 Moser St #8,
Melbourne, AR 72556
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Off Market Homes Near 400 E 1st St

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SOLD
APR 13, 2026
$315,000
3 bd
2 ba
1,626 sqft
270 Sallie Ln,
Melbourne, AR 72556
Brandy N Corter, Re/Max Edge Realty Melbourne
SOLD
FEB 25, 2026
$405,000
3 bd
3 ba
4,245 sqft
1018 Old Fort Rd,
Melbourne, AR 72556
Brandy N Corter, Re/Max Edge Realty Melbourne
SOLD
FEB 25, 2026
$375,000
4 bd
3 ba
2,382 sqft
145 Mabry Ln,
Melbourne, AR 72556
Cody W Cooper, United Country Ozark Realty
SOLD
FEB 24, 2026
$388,000
3 bd
2 ba
1,862 sqft
338 Sallie Ln,
Melbourne, AR 72556
Brandy N Corter, Re/Max Edge Realty Melbourne
SOLD
FEB 6, 2026
$600,000
4 bd
4 ba
3,716 sqft
2832A Lacrosse Rd,
Violet Hill, AR 72584
Roxanne Byram, United Country Ozark Realty
OFF MARKET
Est. $355,200
3 bd
2 ba
1,856 sqft
48 Alisa Cir,
Melbourne, AR 72556
Sarah Perkins, Mossy Oak Properties Selling Arkansas - Southside
See more homes for sale in
Franklin
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Homes for sale near 400 E 1st St

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1.3 ACRES
$239,000
3 bd
2 ba
1,580 sqft
137 Sharp St,
Melbourne, AR 72556
Roxanne Byram, United Country Ozark Realty
3 ACRES
$299,900
3 bd
3 ba
2,194 sqft
49 Pounders Dr,
Violet Hill, AR 72584
Chrissy M Counce, Cooper Realty
1 ACRE
$535,000
6 bd
7 ba
7,100 sqft
157 N Spring St,
Melbourne, AR 72556
Brandy N Corter, Re/Max Edge Realty Melbourne
0.25 ACRES
$127,900
3 bd
2 ba
1,084 sqft
174 State Highway 9 Spur Hwy,
Melbourne, AR 72556
Carrie B Lovell, KW Market Pro Realty - Ash Flat
0.45 ACRES
$129,900
3 bd
2 ba
1,144 sqft
424 School St,
Melbourne, AR 72556
Rebecca Guthrie, Century 21 Portfolio SRAB
0.25 ACRES
$149,900
2 bd
2 ba
1,240 sqft
53 W Court St,
Melbourne, AR 72556
Roxanne Byram, United Country Ozark Realty
$119,000
2 bd
1 ba
912 sqft
165 N Lunen St,
Melbourne, AR 72556
Chrissy M Counce, Cooper Realty
1.08 ACRES
$269,900
5 bd
3 ba
2,196 sqft
95 Deerfield Dr,
Melbourne, AR 72556
Roxanne Byram, United Country Ozark Realty
1.37 ACRES
$220,000
3 bd
2 ba
1,500 sqft
103 Tyler St,
Melbourne, AR 72556
Joshua L Cole, Venture Realty Group - Cabot
$239,000
3 bd
2 ba
1,658 sqft
99 Almedia St,
Melbourne, AR 72556
Carpenter Real Estate
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