502 Butler Street Melbourne, IA $ 242,500
502 Butler Street
$ 242,500
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502 Butler Street

Melbourne, IA, 50162
$ 242,500
Bedrooms5 Baths2.0 Sq 1,344

Monthly Estimate*

$ 1,493

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Single Family Home for sale in Melbourne, IA

for $242,500 with 5 bedrooms and 2 full baths. This 1,344 square foot home was built in 1966 on a lot size of 0.27.

Welcome to small-town charm and modern comfort in this more than 1,900 sq ft split foyer. From the moment you arrive, you’ll notice the fresh exterior paint and brand-new metal roof, offering long-lasting peace of mind. Welcome to a thoughtfully updated interior featuring new flooring and fresh paint in modern tones that create a bright, clean, and fresh atmosphere. The main level offers 3 comfortable BRs and a full BA. The lowever level has 2 add'l BRs and a convenient ¾ BA—ideal for guests, a home office, or extra living space. A newly installed drainage system with a lifetime transferable warranty provides added confidence and protection for years to come. The kitchen comes fully equipped – appliances included, making your move-in seamless and stress-free. A large dining area offers ample space for gatherings. Step outside to the spacious, fully-fenced backyard with endless possibilities—whether you envision a playset, garden, entertaining space, or all of the above. A handy storage shed adds more functionality. This home blends thoughtful updates with the warmth of small-town living, providing comfort, space, and value in a community you’ll love to call home. Call your favorite RE team for a tour!

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Single Family Active

Price

$ 242,500

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

$1,702
Per Month
88%
12%
0%
Monthly Principal & Interest
$1,493
Monthly Property Taxes
$209
Monthly 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
4801243 Elementary School
4801244 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/18/2026$242,500 -2.96% Price Down
5/4/2026$249,900 Listed Price

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502 Butler Street, Melbourne, IA, 50162 is a Single Family Home for sale at $242,500 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