502 Butler Street Melbourne, IA $ 234,000
502 Butler Street
$ 234,000
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502 Butler Street

Melbourne, IA, 50162
$ 234,000
Bedrooms5 Baths2.0 Sq 1,344

Monthly Estimate*

$ 1,478

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Single Family Home for sale in Melbourne, IA

for $234,000 with 5 bedrooms and 2 full baths. This 1,344 square foot home was built in 1966 on a lot size of 0.27.

Finding a 5-BR home w/modern updates, room to spread out, & peace of mind is becoming harder—especially at this price point. Welcome to Melbourne, where small-town charm meets everyday comfort in this spacious home w/more than 1,900 sq ft of living space. From the moment you arrive, you'll appreciate the fresh exterior paint & brand-new metal roof, providing long-lasting durability for years to come. Step inside to a refreshed interior—new flooring & modern paint tones create a clean, welcoming feel. The main level offers 3 comfortable BRs & a full BA, while the LL expands your living options w/2 add'l BRs & convenient ¾ BA—perfect for guests or home office. A newly installed drainage system w/ a lifetime transferable warranty adds even more peace of mind & value. The kitchen comes fully equipped w/ appliances included, making your move-in simple. The spacious dining area provides plenty of room for meals, gatherings, & making memories w/ those who matter most. Outside, enjoy a large fully-fenced yard ready for whatever life brings—a play area, garden, entertaining space, or a safe place for pets to roam. A storage shed adds extra convenience for tools, toys, & outdoor items. With thoughtful updates, 5 BRs, a functional layout, & the welcoming feel of a small town, this home offers the space & value you've been looking for. Come see why this could be the perfect place to call home! Call your favorite RE team today to schedule your private tour!

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Single Family Pending

Price

$ 234,000

Bedrooms

5

Full Bath

2

Property Type

Single Family

Taxes

$ 2,506

Style

Lot Size

0.27

Year Built

1966

Town/City

Melbourne

County/Region

Marshall

MLS | Web ID

739921

List By
Lacie Sibley

Listing Agent

Boutique Real Estate

Broker

lacie@sibleyandco.com

Email

Affordability Calculator

$1,686
Per Month
88%
12%
0%
Monthly Principal & Interest
$1,478
Monthly Property Taxes
$209
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4801243 Elementary School
4801244 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/26/2026$234,000 -3.51% Price Down
5/18/2026$242,500 -2.96% Price Down
5/4/2026$249,900 Listed Price

Map


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502 Butler Street, Melbourne, IA, 50162 is a Single Family Home for sale at $234,000 with 1,344 sqft and a lot size of 0.27. 502 Butler Street has 5 bedrooms, 2.0 baths, and was built in 1966. The property's zip code is 50162 which is in Melbourne, IA