601 RAILROAD Street Melbourne, IA ^$ 147,900

601 RAILROAD Street

^$ 147,900

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Recently Listed

601 RAILROAD Street

Melbourne, IA, 50162

^$ 147,900

Bedrooms4 Baths1.0 Sq 1,177

Monthly Estimate*

^$ 911

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Single Family Home for sale in Melbourne, IA

for $147,900 with 4 bedrooms and 1 full bath. This 1,177 square foot home was built in 1922 on a lot size of 0.71.

Rare Opportunity in Melbourne! If you’ve been looking for space to spread out, this is it. Situated on a massive, flat 3/4 acre lot, this property features an incredible setup for any hobbyist or mechanic: a 2-car detached garage, a 2-stall outbuilding, and an additional 1-car detached garage—all featuring durable metal roofs. The home offers 3 bedrooms on the main floor and 1-2 additional attic bedrooms, just waiting for the right person to bring their vision and "love and affection." Close to Hwy 330 for an easy commute.

Single Family Active

Price

^$ 147,900

Bedrooms

Full Bath

Property Type

Single Family

Taxes

^$ 3,600

Style

Lot Size

0.71

Year Built

1922

Town/City

Melbourne

County/Region

Marshall

MLS | Web ID

740657

List By

Dawn Guyer

Listing Agent

Exp Realty, Llc

Broker

dawnguyerrealtor17@gmail.com

Affordability Calculator

$1,211

Per Month

Monthly Principal & Interest: $911
Monthly Property Taxes: $300
Monthly Home Insurance: --

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Loan Term

Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% 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

Trends
Schools

Single family listings in Melbourne, IA

Average List Price ^$236,157

Percent of Sale Price 60%

About Melbourne, IA

771 Population

5% Since 2002

^$46,429 Median Income

38.05 Median Age

31% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4801243 Elementary School

4801244 Middle School

Unknown High School High School

Pricing History

Date	Price	Price Change	Description
5/14/2026	$147,900		Listed Price

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601 RAILROAD Street, Melbourne, IA, 50162 is a Single Family Home for sale at $147,900 with 1,177 sqft and a lot size of 0.71. 601 RAILROAD Street has 4 bedrooms, 1.0 baths, and was built in 1922. The property's zip code is 50162 which is in Melbourne, IA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% 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.

Listing data courtesy of the Internet Data Exchange (IDX) Program of the Des Moines Area Multiple Listing Service.

Data is updated as of 5/21/2026.

The information being provided is for consumers personal, non-commercial 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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601 RAILROAD Street

Single Family Home for sale in Melbourne, IA

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