509 Olive St, Melbourne, AR 72556
OFF MARKET

509 Olive St
Melbourne, AR 72556

  • Studio

$303,300

Trulia Estimate
as of Aug 21, 2026
Est. Refi. Payment $1,757/mo*
Refinance Your Home

$303,300

Trulia Estimate
as of Aug 21, 2026
Est. Refi. Payment $1,757/mo*
Refinance Your Home
Studio

Home Value

Trulia Estimate
$303K
Since last month
Decreased$3K (-1.1%)
Since last year
Decreased$7K (-2.3%)
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 -2% in the last 10 years
MonthEstimated value
2026
August 2026$303K
July 2026$307K
June 2026$310K

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
653 Plantation Cir, Melbourne, AR
0.00
Single-Family Home
$275,000
10/10/25
4
3
2,780
470 Judge Ashley Dr, Melbourne, AR
0.00
Single-Family Home
$225,000
11/12/25
3
2.5
1,600
1018 Old Fort Rd, Melbourne, AR
0.85
Single-Family Home
$405,000
02/25/26
3
3
4,245
144 Larkin Rd, Melbourne, AR
0.95
Single-Family Home
$159,000
09/29/25
3
1
1,560
1456 Old Larkin Rd, Melbourne, AR
0.97
Single-Family Home
$226,000
11/03/25
2
2
1,576
137 Sharp St, Melbourne, AR
1.04
Single-Family Home
$199,500
03/06/26
3
2
1,580
79 Sharp St, Melbourne, AR
1.07
Single-Family Home
$205,000
01/16/26
5
2.5
2,340
498 Old Fort Rd, Melbourne, AR
1.19
Single-Family Home
$240,000
06/17/26
3
2
1,745
284 Burgundy Pl, Melbourne, AR
1.23
Single-Family Home
$65,000
01/09/26
2
1
918
400 School St, Melbourne, AR
1.27
Single-Family Home
$185,000
05/04/26
3
2
1,225

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
653 Plantation Cir, Melbourne, AR 72556
0.00
$278,300
4
3
2,780
Off Market
1018 Old Fort Rd, Melbourne, AR 72556
0.85
$405,000
3
3
4,245
Recently Sold
144 Larkin Rd, Melbourne, AR 72556
0.95
$161,000
3
1
1,560
Off Market
106 Larkin Rd, Melbourne, AR 72556
1.00
-
2
1
700
Off Market
16 Camp Rd, Melbourne, AR 72556
1.02
$19,900
-
-
-
For Sale
1456 Old Larkin Rd, Melbourne, AR 72556
0.97
$226,000
2
2
1,576
Recently Sold
137 Sharp St, Melbourne, AR 72556
1.04
$249,900
3
2
1,580
For Sale
79 Sharp St, Melbourne, AR 72556
1.07
$205,000
5
2.5
2,340
Recently Sold
678 Old Fort Rd, Melbourne, AR 72556
1.08
$430,400
4
3
2,296
Off Market
498 Old Fort Rd, Melbourne, AR 72556
1.19
$240,000
3
2
1,745
Recently Sold
28 Bill Mann Dr, Melbourne, AR 72556
1.20
$286,100
3
2
1,809
Off Market
508 School St, Melbourne, AR 72556
1.19
$142,300
4
2
1,120
Off Market

Local Information

  • Map ViewExplore the area around 509 Olive St.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

509 Olive St is in Melbourne, AR and in ZIP code 72556.
509 Olive St, Melbourne, AR 72556 is a studio property. It is currently off market. The Trulia Estimate is $303,300, with a rent estimate of $1,973/month.

Price and Tax history

DateEventPrice
Dec 10, 2025
Source: N/A
ListingRemoved
Oct 3, 2025
Source: N/A
Listed For Sale
$299,900

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

Frequently asked questions about 509 Olive St

  • What is 509 Olive St estimated to be worth?
    Trulia's estimated value for 509 Olive St in Melbourne, AR is $303,300.
  • 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.
  • What are the closest schools to 509 Olive St?
    The closest schools to 509 Olive St in Melbourne, AR are Melbourne Elementary School (Pre-K, rated 7/10), Melbourne High School (Middle, rated 8/10).

Apartments for Rent

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Off Market Homes Near 509 Olive St

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Homes for sale near 509 Olive St

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