Google street view image for 4002 Gambel Rd, Indianapolis, IN 46221

OFF MARKET

$224,286

•

— ba

•

1,400

sq ft

4002 Gambel Rd, Indianapolis, IN 46221

About this home

4002 Gambel Rd is a 1,400 square foot house on a 0.5 acre lot with 3 bedrooms. Based on Redfin's Indianapolis data, we estimate the home's value is $224,286.

Single-familyProperty Type

1960Year Built

0.5 acresLot Size

$160Est. Price/Sq.Ft.

Source:Public Records

Redfin Estimate

$224,286

$1,000 since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 10.7% higher than the average sale price ($203K) of 6 comparable homes.

SOLD MAY 20, 2026
$190,000
A
3 beds1.5 baths1,284 sq ft
5565 Varna Dr, Indianapolis, IN 46221
SOLD JUL 27, 2026
$215,000
B
3 beds2 baths1,248 sq ft
4221 Solun Rd, Indianapolis, IN 46221
SOLD MAR 31, 2026
$200,000
C
3 beds1.5 baths1,488 sq ft
4141 Moline Dr, Indianapolis, IN 46221
SOLD AUG 5, 2026
$191,000
D
3 beds1.5 baths1,872 sq ft
4001 Alden Ave, Indianapolis, IN 46221
SOLD DEC 8, 2025
$215,000
E
3 beds2 baths1,300 sq ft
4325 W Mooresville Rd, Indianapolis, IN 46221
SOLD MAY 5, 2026
$205,000
F
3 beds1 bath1,200 sq ft
5412 Margate Rd, Indianapolis, IN 46221

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Earn from this home

Sell

$209,313

Est. take-home

List your home with Redfin and save $2,229

Market trends in 46221, IN

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

97.6%

0.4% MoM

Median sale price

$220K

$11K MoM

Avg. days on market

25d

6 days MoM

Recently sold homes

112

10 MoM

New listings for sale

$115,000
3 beds1 bath1,272 sq ft
1226 S Richland St, Indianapolis, IN 46221
$285,000
3 beds2 baths2,816 sq ft
6302 W Loretta Dr, Indianapolis, IN 46221
3D WALKTHROUGH
$217,000
3 beds2 baths1,075 sq ft
6136 Rocky River Dr, Indianapolis, IN 46221
$230,000
3 beds1.5 baths1,620 sq ft
6034 W Loretta Dr, Indianapolis, IN 46221
$227,750
3 beds2 baths1,829 sq ft
1007 S Tremont St, Indianapolis, IN 46221
$170,000
3 beds2 baths1,201 sq ft
6613 Nodlehs Dr, Indianapolis, IN 46221
$105,000
3 beds1 bath2,496 sq ft
840 S Pershing Ave, Indianapolis, IN 46221
3D WALKTHROUGH
$285,000
3 beds2 baths2,148 sq ft
5514 Winship Ct, Indianapolis, IN 46221
$279,500
4 beds3 baths2,300 sq ft
5415 W Mooresville Rd, Indianapolis, IN 46221
3D WALKTHROUGH
$210,000
4 beds2 baths1,192 sq ft
6864 Cordova Dr, Indianapolis, IN 46221
See all

Provided by Redfin

Sale history for 4002 Gambel Rd

As the MLS and public records start to fill up, we'll list the details here.

Year

Property tax

Land + Additions

Assessment*

2025

$4,233 (−2.8%)

$17,000 + $166,500

$183,500

2024

$4,353 (+22.2%)

$17,000 + $170,400

$187,400

2023

$3,561 (+5.6%)

$17,000 + $170,400

$187,400

2022

$3,371 (+15.3%)

$17,000 + $135,200

$152,200

2021

$2,923 (+12.1%)

$17,000 + $104,000

$121,000

2020

$2,607 (+18.0%)

$17,000 + $104,000

$121,000

2019

$2,210 (+3.2%)

$17,000 + $97,700

$114,700

2018

$2,141 (+2.3%)

$17,000 + $73,200

$90,200

2017

$2,094 (+3.4%)

$17,000 + $68,800

$85,800

2016

$2,024 (+14.6%)

$17,000 + $68,800

$85,800

2015

$1,766 (+457.1%)

$17,000 + $66,100

$83,100

2014

$317 (−1.6%)

$17,000 + $60,800

$77,800

2013

$322

$17,000 + $59,600

$76,600

Tax history for 4002 Gambel Rd

Year

Property tax

Land + Additions

Assessment*

2025

$4,233 (−2.8%)

$17,000 + $166,500

$183,500

2024

$4,353 (+22.2%)

$17,000 + $170,400

$187,400

2023

$3,561 (+5.6%)

$17,000 + $170,400

$187,400

2022

$3,371 (+15.3%)

$17,000 + $135,200

$152,200

2021

$2,923 (+12.1%)

$17,000 + $104,000

$121,000

2020

$2,607 (+18.0%)

$17,000 + $104,000

$121,000

2019

$2,210 (+3.2%)

$17,000 + $97,700

$114,700

2018

$2,141 (+2.3%)

$17,000 + $73,200

$90,200

2017

$2,094 (+3.4%)

$17,000 + $68,800

$85,800

2016

$2,024 (+14.6%)

$17,000 + $68,800

$85,800

2015

$1,766 (+457.1%)

$17,000 + $66,100

$83,100

2014

$317 (−1.6%)

$17,000 + $60,800

$77,800

2013

$322

$17,000 + $59,600

$76,600

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Zoning and permits

Zoning
Permits

AIRSPACE SECONDARY ZONING DISTRICT

METRO

Dwelling District Four

The D-4 District is intended for low or medium intensity single-family and two-family residential development. Land in this District needs good thoroughfare access, relatively flat topography, and nearby community and neighborhood services and facilities with pedestrian linkages. Provisions for recreational facilities serving the neighborhood within walking distance are vitally important. Trees fulfill an important cooling and drainage role for the individual lots in this District. The D-4 District has a typical density of 4.2 units per gross acre. This District fulfills the low density residential classification of the Comprehensive General Land Use Plan. All public utilities and facilities must be present. Development plans, which may include the use of clustering, should incorporate and promote environmental and aesthetic considerations, working within the constraints and advantages presented by existing site conditions, including vegetation, topography, drainage and wildlife.

Zone overlays

Airspace Secondary Zoning District
Metro Context Area

Permitted uses

Include but are not limited to:

Housing-Group
Housing-Single unit
Housing-Multiple units
Communications tower
Housing-Mobile home park
Park & open space

Property details

Interior

Bathroom Information
# of Bathroom Fixtures: 7

Heating & Cooling
Heating Type: Warm Air

Fireplace Information
# of Fireplaces: 1
Fireplace Type: Masonry
Has Fireplace

Room Information
# of Rooms: 8

Exterior

Exterior Information
Physical Condition: Average
Construction Type: Stone/Rock
Building Type: Single Family

Property Information
Subdivision Name: HI-ACRE MANOR 1ST SEC AMD
Living Sq. Ft: 1,400
Adjusted Gross Sq. Ft: 1,400
Ground Floor Sq. Ft: 1,400
Building Sq. Ft: 2,050
# of Stories: 1
Legal Description: HI-ACRE MANOR 1ST SEC AMENDED L49

Parking & Garage Information
# of Parking Spaces: 1
Parking Type: Attached Garage
Garage/Parking Sq. Ft: 650
Garage / Carport Type: Attached

Lot Information
# of Buildings: 1
Land Sq. Ft: 21,780
Legal Lot Number: 49
Municipality Name: DECATUR, OUTSIDE
Acres: 0.5
Depth Footage: 155
Front Footage: 140
County Use Description: ONE FAMILY DWLG ON PLAT LOT

Location Information
Parcel Location Influence: Extra Front

Financial

Assessor Information
Assessment Year: 2025

Public facts

Beds: 3
Baths: —
Sq. Ft.: 1,400
Stories: 1.0
Lot Size: 0.5 acres
Style: Single Family Residential
Year Built: 1960
Year Renovated: 1960
County: Marion County
APN: 491132107036000200

Home facts updated by county records on Jul 29, 2026

Around this home

Schools

Stephen Decatur Elementary School

Public K-6 • Assigned • 1.1mi

4/10

Decatur Middle School

Public 7-8 • Assigned • 2.5mi

3/10

Decatur Central High School

Public 9-12 • Assigned • 2.5mi

2/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 102° expected this year, 19 days in 30 years

2/10 Wind Factor

1% chance of strong winds in next 30 years

3/10 Air Factor

2 unhealthy days expected this year, 3 days in 30 years

Provided by First Street

Historical weather

Indianapolis, IN • 46221

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.6 hours in June and 3.3 hours in December, placing it below the U.S. average for solar exposure.

9.6 hrs

3.3 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$214,000 – $258,000

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Home values near 4002 Gambel Rd

Data from public records.

Address	Redfin Estimate
4033 Gambel Rd, Indianapolis, IN 3 Beds \| 1.5 Baths \| 2304 Sq. Ft.	$217,204
4022 Gambel Rd, Indianapolis, IN 3 Beds \| - Baths \| 1436 Sq. Ft.	$203,366

Address	Redfin Estimate
3945 Gambel Rd, Indianapolis, IN 3 Beds \| - Baths \| 1232 Sq. Ft.	$165,773
3948 Gambel Rd, Indianapolis, IN 3 Beds \| - Baths \| 1538 Sq. Ft.	$208,931

Address	Redfin Estimate
4032 Gambel Rd, Indianapolis, IN 3 Beds \| 2 Baths \| 3324 Sq. Ft.	$276,559
4655 Beth Ann Dr, Indianapolis, IN 3 Beds \| 1.5 Baths \| 2464 Sq. Ft.	$246,189

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