508 School St, Melbourne, AR 72556
Property image
Property image
OFF MARKET

$144,400

Trulia Estimate
  • 4 Beds
  • 2 Baths
  • 1,120 sqft

508 School St, Melbourne, AR 72556

Est. Refi. Payment $893/mo*
Refinance Your Home
Currently Off Market - Sold May 22, 2024 for $142,000

Home Value

Trulia Estimate
$144K
Since last month
Increased$2K (+1.1%)
Since last year
Decreased$3K (-2%)
Since last sale
Increased$3K (+1.8%)
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 +320% in the last 10 years
MonthEstimated value
2026
August 2026$145K
August 2026$144K
July 2026$143K
June 2026$142K
May 2026$144K
April 2026$143K
March 2026$139K
February 2026$139K
January 2026$138K
2025
2024
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
400 School St, Melbourne, AR
0.11
Single-Family Home
$185,000
05/04/26
3
2
1,225
26 Sheffield Rd, Melbourne, AR
0.15
Single-Family Home
$139,061
02/04/26
3
1
1,240
122 Jay St, Melbourne, AR
0.36
Single-Family Home
$90,000
02/13/26
2
1
936
144 Larkin Rd, Melbourne, AR
0.25
Single-Family Home
$159,000
09/29/25
3
1
1,560
137 Sharp St, Melbourne, AR
0.57
Single-Family Home
$199,500
03/06/26
3
2
1,580
116 Utopia Dr, Melbourne, AR
0.99
Single-Family Home
$132,500
08/26/26
3
1
1,032
79 Sharp St, Melbourne, AR
0.51
Single-Family Home
$205,000
01/16/26
5
2.5
2,340
509 E Olive St, Melbourne, AR
0.52
Single-Family Home
$285,000
03/27/26
3
2.5
2,051

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
224 Knob Creek Rd, Melbourne, AR 72556
0.12
$144,700
2
1
1,032
Off Market
45 Sheffield Rd, Melbourne, AR 72556
0.12
$99,800
1
1
600
Off Market
400 School St, Melbourne, AR 72556
0.11
$185,000
3
2
1,225
Recently Sold
26 Sheffield Rd, Melbourne, AR 72556
0.15
$139,061
3
1
1,240
Recently Sold
342 School St, Melbourne, AR 72556
0.17
$150,700
3
2
1,212
Off Market
106 Larkin Rd, Melbourne, AR 72556
0.21
-
2
1
700
Off Market
144 Larkin Rd, Melbourne, AR 72556
0.25
$159,600
3
1
1,560
Off Market
382 Knob Creek Rd, Melbourne, AR 72556
0.27
$126,800
3
2.5
1,568
Off Market
151 Jay St, Melbourne, AR 72556
0.35
$115,000
4
2
1,456
Off Market
122 Jay St, Melbourne, AR 72556
0.36
$90,000
2
1
936
Recently Sold
Jay St, Melbourne, AR 72556
0.36
-
-
-
-
Off Market

Local Information

  • Map ViewExplore the area around 508 School St.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
1,120 sqft
$129/sqft

About this House

Remodeled Home in Melbourne with a fantastic floor plan! No wasted space! This 4 bedroom, 2 bath home offers an open floor plan with a NEW KITCHEN! Butcher block countertops, new stainless appliances, & all new cabinets & fixtures! The living area has a cozy electric fireplace and very spacious! The master suite has a full bathroom with a walk in tile shower! There is a large mudroom/laundry room! Central heating & Air, city water, city sewer, & located on a paved road! Front deck for outside entertainment along with a storage building that will convey! Give me a call today to check out this home!
508 School St, Melbourne, AR 72556 is a 4 bedroom, 2 bathroom, 1,120 sqft single-family home. It last sold for $142,000 on May 22, 2024 (5% below the $149,900 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $144,400, with a rent estimate of $1,222/month.
Last check for updates: about 7 hours ago
Listed by Brandy N Corter, (870) 373-4009
Re/Max Edge Realty Melbourne
Bought with: Eric Sutherland, (870) 371-2157, Westgate Realty, Inc.
Source: CARMLS, MLS#24007358

Home Details for 508 School St

Active Status

MLS Status: Closed

Interior Features

Interior Details
Basement: NoneNumber of Rooms: 1Types of Rooms: Dining Room
Beds & Baths
Number of Bedrooms: 4Number of Bathrooms: 2Number of Bathrooms (full): 2
Dimensions and Layout
Living Area: 1120 Square Feet
Appliances & Utilities
Appliances: Free-Standing Range, Electric Range, Dishwasher, Refrigerator, Electric Water HeaterDishwasherLaundry: Washer Hookup,Electric Dryer Hookup,Laundry RoomRefrigerator
Heating & Cooling
Heating: ElectricHas CoolingAir Conditioning: ElectricHas HeatingHeating Fuel: Electric
Fireplace & Spa
Fireplace: ElectricHas a Fireplace
Gas & Electric
Electric: Elec-Municipal (+Entergy)
Windows, Doors, Floors & Walls
Window: Insulated WindowsDoor: Insulated DoorsFlooring: Luxury Vinyl
Levels, Entrance, & Accessibility
Stories: 1Levels: OneFloors: Luxury Vinyl

Exterior Features

Exterior Home Features
Roof: MetalExterior: Storage, Rain GuttersFoundation: Crawl Space
Parking & Garage
Parking: Parking Pad
Frontage
Road Surface Type: Paved
Water & Sewer
Sewer: Public Sewer

Property Information

Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Traditional
Building
Construction Materials: Metal/Vinyl SidingNot a New Construction

Price & Status

Price
List Price: $149,900
Status Change & Dates
Off Market Date: Tue Apr 30 2024Possession Timing: Close Of Escrow

Location

Direction & Address
City: MelbourneCommunity: Metes & Bounds

Building

Building Area
Building Area: 1120 Square Feet

HOA

No HOA

Lot Information

Lot Area: 10018.8 sqft

Offer

Listing Terms: VA Loan, FHA, Conventional, Cash

Energy

Energy Efficiency Features: Doors

Miscellaneous

Mls Number: 24007358Days In Mls: 56

Price and Tax history

DateEventPrice
May 22, 2024
Source: CARMLS #24007358
Sold
$142,000
Mar 5, 2024
Source: CARMLS #24007358
Listed For Sale
$149,900

Market trends in Melbourne

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
42
2MoM

Around this home

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
    "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
    "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

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Frequently asked questions about 508 School St

  • What is 508 School St estimated to be worth?
    Trulia's estimated value for 508 School St in Melbourne, AR is $144,400.
  • What is the price history for 508 School St?
    508 School St in Melbourne, AR last sold for $142,000 in May 2024.
  • Is Melbourne a buyer's or seller's market?
    Melbourne is currently a balanced market, based on recent for-sale activity.
  • What do residents say about Melbourne?
    Residents describe Melbourne, AR as easy to park in, well-kept, and established. Most residents say you need a car. See recently sold homes in Melbourne, AR.
  • Does 508 School St have air conditioning?
    Yes, 508 School St in Melbourne, AR has air conditioning.
  • Does 508 School St have laundry facilities?
    Yes, 508 School St in Melbourne, AR has laundry facilities.

Apartments for Rent

Skip to last item
Skip to first item

Off Market Homes Near 508 School St

Skip to last item
Skip to first item

Homes for sale near 508 School St

Skip to last item
Skip to first item
Skip to last item
  • Results are loading
Skip to first item