Updated and move-in ready! This 2-bedroom, 1-bath home in Melbourne, Arkansas, offers a fresh start for a new owner or an opportunity for an investor seeking rental income. Recent improvements include new flooring, fresh paint, windows, doors, a roof, and more, giving this older home a refreshed look and a head start on its next chapter. The comfortable layout features an eat-in kitchen, ideal for everyday meals and casual gatherings, and all major appliances are included to help make moving easier. Situated on a generous 0.97-acre corner lot, the property offers room to enjoy the outdoors, plant a garden, create a play space, or simply appreciate the extra elbow room. Whether you are a first-time homebuyer looking for an affordable place to call your own, someone ready to downsize, or an investor searching for a property with rental potential, this home deserves a closer look. The recent updates offer a welcome starting point, while the spacious lot provides possibilities for outdoor enjoyment and future plans. $89,500
RENTAL HOME OR LOW PRICE STARTER HOME FOR SALE! Located in Melbourne, Arkansas, on Knob Creek road, this 2 bedroom 1 bath starter home sits on 1 acre of land. Property has a fairly new central heat and air system. There’s good siding, newer shingles and an upgraded breaker panel. Stacked washer & dryer included. Priced at only 37,900!
Type
Rural Residential
CARMLS #18022066
Jul 12, 2019
Listing Removed
—
Jan 21, 2019
Price Changed
$29,900
$33/sq ft
Jul 11, 2018
Listed
$34,900
$39/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$263
$1,200 + $4,060
$5,260
2024
$263
$1,200 + $4,060
$5,260
2023
$263
$1,200 + $4,060
$5,260
2022
$263 (+6.1%)
$1,200 + $4,060
$5,260
2021
$248 (+10.0%)
$1,200 + $4,060
$5,260
2020
$225
$1,200 + $4,060
$5,260
2019
$225
$780 + $3,730
$4,510
2018
$225
$780 + $3,730
$4,510
2017
$225 (+7.1%)
$780 + $3,730
$4,510
2016
$210 (+10.0%)
$780 + $3,730
$4,510
2015
$191
$780 + $3,730
$4,510
2013
$191
$600 + $3,230
$3,830
Public record
Beds
—
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
0.97 Acres
Year renovated
—
Finished Sq. Ft.
896
Unfinished Sq. Ft.
—
Total Sq. Ft.
896
Year built
—
Style
Single Family Residential
County
Izard County
APN
526-00025-000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 14, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
4/10 Fire Factor
2% chance of being in a wildfire in next 30 years
5/10 Heat Factor
7 days above 107° expected this year, 19 days in 30 years
2/10 Wind Factor
4% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Melbourne, AR • 72556
Average low and high temperatures (°F)
45
24
55
32
70
45
74
53
76
58
86
68
91
72
90
66
86
61
76
50
63
42
53
33
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
100/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 23% for direct sun exposure in Melbourne. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.6 hrs
6.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1203 Knob Creek Rd
$88,227
$1,273 under list price of $90K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $24K to $170K.