508 School St
Melbourne, AR 72556
4 bd 2 ba 1,120 sqft Lot 10,019 sqft single_family
Most recent sale
$75,000
Nov 27, 2023
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 28, 2024 | Listed | $149,900 | Carmls |
| May 22, 2024 | Sold | $142,000 | Carmls |
| Mar 5, 2024 | Listed | $149,900 | Carmls |
| Nov 27, 2023 | Sold | $75,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2023 | $7,290 | $600 | $7,890 | $227 |
| 2022 | $7,290 | $600 | $7,890 | $208 |
| 2011 | $6,140 | $210 | $6,350 | $208 |
| 2010 | $6,140 | $210 | $6,350 | $189 |
| 2009 | $3,480 | $320 | $3,800 | $184 |
| 2008 | $3,480 | $320 | $3,800 | $184 |
| 2007 | $2,980 | $800 | $3,780 | $174 |
| 2006 | $2,980 | $800 | $3,780 | $174 |
Property facts
Year built
—
Property type
single_family
Stories
1
Beds
4
Baths
2
Living area
1,120 sqft
Lot size
10,019 sqft
ZIP code
72556
City
Melbourne
Street
School St
Coordinates
36.06872, -91.90905
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$450
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
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Frequently asked questions
When did 508 School St last sell?
508 School St most recently sold on Nov 27, 2023 for $75,000.
What is the current tax assessment for 508 School St?
The most recent total assessment for 508 School St (year 2023) is $7,890 with $227 in property tax.
How does 508 School St's assessment compare to its last sale price?
The current assessment is 89.5% below the last sale price of $75,000.
When was 508 School St built?
The year built for 508 School St is not in our records.
How does 508 School St compare to others on School St?
We track 4 other properties on School St. Browse the list under "Other properties on School St" to compare beds, baths, and sale history.
What are the property facts for 508 School St?
508 School St is a 4 bed, 2 bath, 1,120 sqft, 10,019 sqft lot single_family.
Is 508 School St a flip candidate?
Yes — 508 School St appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 508 School St a tax-appeal candidate?
No — 508 School St is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+1.9%
Implied 1-yr
+7.5%
2026 Q3
$249.6K
2026 Q4
$253.8K
ZIP 72556 — Median Price History + Forecast
Explore nearby
Geography
Other properties on School St