Google street view image for 4321 Melbourne Rd, Indianapolis, IN 46228

OFF MARKET

$288,285

•

— ba

•

2,614

sq ft

4321 Melbourne Rd, Indianapolis, IN 46228

About this home

4321 Melbourne Rd is a 2,614 square foot house on a 0.36 acre lot with 2 bedrooms. Based on Redfin's Indianapolis data, we estimate the home's value is $288,285.

Single-familyProperty Type

1958Year Built

0.36 acresLot Size

$110Est. Price/Sq.Ft.

Source:Public Records

Redfin Estimate

$288,285

$10K since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 9.7% lower than the average sale price ($319K) of 6 comparable homes.

SOLD JUN 15, 2026
$312,000
A
3 beds2 baths2,990 sq ft
3301 Melbourne Road South Dr, Indianapolis, IN 46228
SOLD JUL 2, 2026
$274,000
B
3 beds2 baths1,547 sq ft
4416 Melbourne Rd, Indianapolis, IN 46228
SOLD AUG 14, 2026
$337,000
C
3 beds2 baths1,836 sq ft
4917 Manning Rd, Indianapolis, IN 46228
SOLD APR 17, 2026
$355,000
D
3 beds2 baths1,806 sq ft
4357 Grayson Dr, Indianapolis, IN 46228
SOLD JUN 30, 2026
$271,000
E
3 beds2 baths1,800 sq ft
4202 Sunshine Ave, Indianapolis, IN 46228
SOLD JUL 16, 2026
$366,000
F
3 beds2.5 baths1,998 sq ft
3342 W 42nd St, Indianapolis, IN 46228

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Earn from this home

Sell

$269,653

Est. take-home

List your home with Redfin and save $2,883

Market trends in 46228, IN

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

99.1%

0.3% MoM

Median sale price

$275K

$3K MoM

Avg. days on market

13d

3 days MoM

Recently sold homes

0 MoM

New listings for sale

NEW 25 HRS AGO
$255,000
3 beds2 baths1,430 sq ft
4506 Rotterdam Dr, Indianapolis, IN 46228
NEW 27 HRS AGO
$244,000
3 beds2 baths1,780 sq ft
2900 Galahad Dr, Indianapolis, IN 46228
3D WALKTHROUGH
$2,850,000
5 beds7 baths10,757 sq ft
510 Kessler Boulevard Wdr, Indianapolis, IN 46228
$114,900
1 bed1 bath966 sq ft
5875 Bonnie Brae St, Indianapolis, IN 46228
3D WALKTHROUGH
$550,000
5 beds4 baths6,090 sq ft
4750 Kessler Boulevard North Dr, Indianapolis, IN 46228
$335,000
3 beds2.5 baths2,352 sq ft
4208 Springwood Trl, Indianapolis, IN 46228
$359,900
4 beds2.5 baths2,508 sq ft
5265 Mchenry Ln, Indianapolis, IN 46228
$274,900
3 beds1.5 baths1,530 sq ft
4908 Bonnie Brae St, Indianapolis, IN 46228
3D WALKTHROUGH
$350,000
3 beds2 baths2,058 sq ft
3414 Aylesford Ln, Indianapolis, IN 46228
$425,000
4 beds3.5 baths4,282 sq ft
5145 Michigan Rd, Indianapolis, IN 46228
See all

Provided by Redfin

Sale history for 4321 Melbourne Rd

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

Year

Property tax

Land + Additions

Assessment*

2025

$3,319 (−1.9%)

$36,700 + $270,800

$307,500

2024

$3,385 (+15.2%)

$36,700 + $249,400

$286,100

2023

$2,939 (+31.0%)

$36,700 + $249,400

$286,100

2022

$2,243 (+7.2%)

$36,700 + $240,800

$277,500

2021

$2,092 (+4.1%)

$26,300 + $167,400

$193,700

2020

$2,010 (+2.2%)

$26,300 + $167,400

$193,700

2019

$1,967 (−0.4%)

$26,300 + $159,600

$185,900

2018

$1,976 (+13.5%)

$26,300 + $155,700

$182,000

2017

$1,741 (+4.3%)

$26,300 + $133,800

$160,100

2016

$1,670 (+13.6%)

$26,300 + $133,800

$160,100

2015

$1,470 (+5.2%)

$26,300 + $127,100

$153,400

2014

$1,398 (+1.2%)

$26,300 + $120,400

$146,700

2013

$1,381

$26,300 + $113,200

$139,500

Tax history for 4321 Melbourne Rd

Year

Property tax

Land + Additions

Assessment*

2025

$3,319 (−1.9%)

$36,700 + $270,800

$307,500

2024

$3,385 (+15.2%)

$36,700 + $249,400

$286,100

2023

$2,939 (+31.0%)

$36,700 + $249,400

$286,100

2022

$2,243 (+7.2%)

$36,700 + $240,800

$277,500

2021

$2,092 (+4.1%)

$26,300 + $167,400

$193,700

2020

$2,010 (+2.2%)

$26,300 + $167,400

$193,700

2019

$1,967 (−0.4%)

$26,300 + $159,600

$185,900

2018

$1,976 (+13.5%)

$26,300 + $155,700

$182,000

2017

$1,741 (+4.3%)

$26,300 + $133,800

$160,100

2016

$1,670 (+13.6%)

$26,300 + $133,800

$160,100

2015

$1,470 (+5.2%)

$26,300 + $127,100

$153,400

2014

$1,398 (+1.2%)

$26,300 + $120,400

$146,700

2013

$1,381

$26,300 + $113,200

$139,500

*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

METRO

Dwelling District Two

The D-2 District is intended for use in suburban areas. Ample yards, trees and passive open spaces easily serving each individual lot are envisioned for this District. The D-2 District has a typical density of 1.9 units per gross acre. Two-family dwellings are permitted on corner lots in this District. This District fulfills the lowest density recommendation of the Comprehensive General Land Use Plan. Public water and sewer 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

Metro Context Area

Permitted uses

Include but are not limited to:

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

Feb 13, 2008 • Final

Plumbing permit-1-2 family-residential addition

Work on an addition.

Addition

Nov 15, 2007 • Final

Electrical permit-1-2 family-residential addition

Construct an addition to a residential building.

Addition

Electrical

Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.

Property details

Interior

Bathroom Information
# of Bathroom Fixtures: 9

Heating & Cooling
Air Conditioning Type: Central
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: Masonry
Building Type: Single Family

Property Information
Subdivision Name: NORTHERN ESTATES SEC 3
Living Sq. Ft: 2,614
Adjusted Gross Sq. Ft: 2,614
Ground Floor Sq. Ft: 2,614
Building Sq. Ft: 3,744
# of Stories: 1
Legal Description: NORTHERN ESTATES SEC 3 L192

Parking & Garage Information
# of Parking Spaces: 3
Parking Type: Attached Garage
Garage/Parking Sq. Ft: 1,130
Garage / Carport Type: Attached

Lot Information
# of Buildings: 1
Land Sq. Ft: 15,899
Legal Lot Number: 192
Municipality Name: PIKE,OUTSIDE
Acres: 0.365
Depth Footage: 159
Front Footage: 100
County Use Description: ONE FAMILY DWLG ON PLAT LOT

Financial

Assessor Information
Assessment Year: 2025

Public facts

Beds: 2
Baths: —
Sq. Ft.: 2,614
Stories: 1.0
Lot Size: 0.36 acres
Style: Single Family Residential
Year Built: 1958
Year Renovated: 1958
County: Marion County
APN: 490617124096000600

Home facts updated by county records on Jul 29, 2026

Around this home

Schools

Guion Creek Elementary School

Public K-5 • Assigned • 1.0mi

5/10

Guion Creek Middle School

Public 6-8 • Assigned • 1.2mi

3/10

Pike High School

Public 9-12 • Assigned • 3.4mi

3/10

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 101° expected this year, 17 days in 30 years

2/10 Wind Factor

1% chance of strong winds in next 30 years

4/10 Air Factor

5 unhealthy days expected this year, 7 days in 30 years

Provided by First Street

Historical weather

Indianapolis, IN • 46228

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 9.7 hours in June and 3.3 hours in December, placing it below the U.S. average for solar exposure.

9.7 hrs

3.3 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$274,000 – $332,000

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Nearby similar homes

NEW 25 HRS AGO

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New listings for sale in 46228

NEW 25 HRS AGO

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4506 Rotterdam Dr, Indianapolis, IN 46228

NEW 27 HRS AGO

$244,000

3 beds2 baths1,780 sq ft

2900 Galahad Dr, Indianapolis, IN 46228

3D WALKTHROUGH

$2,850,000

5 beds7 baths10,757 sq ft

510 Kessler Boulevard Wdr, Indianapolis, IN 46228

$114,900

1 bed1 bath966 sq ft

5875 Bonnie Brae St, Indianapolis, IN 46228

3D WALKTHROUGH

$550,000

5 beds4 baths6,090 sq ft

4750 Kessler Boulevard North Dr, Indianapolis, IN 46228

$335,000

3 beds2.5 baths2,352 sq ft

4208 Springwood Trl, Indianapolis, IN 46228

$359,900

4 beds2.5 baths2,508 sq ft

5265 Mchenry Ln, Indianapolis, IN 46228

$274,900

3 beds1.5 baths1,530 sq ft

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3D WALKTHROUGH

$350,000

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Home values near 4321 Melbourne Rd

Data from public records.

Address	Redfin Estimate
4260 Melbourne Road, Indianapolis, IN 3 Beds \| 1.5 Baths \| 1434 Sq. Ft.	$268,638
4265 Melbourne Road, Indianapolis, IN 3 Beds \| 2 Baths \| 2574 Sq. Ft.	$302,495

Address	Redfin Estimate
4416 Melbourne Road, Indianapolis, IN 3 Beds \| 2 Baths \| 1547 Sq. Ft.	$303,875
4300 Melbourne Road, Indianapolis, IN 3 Beds \| 2 Baths \| 2218 Sq. Ft.	$336,265

Address	Redfin Estimate
4316 Melbourne Road, Indianapolis, IN 3 Beds \| - Baths \| 1570 Sq. Ft.	$258,276
4422 Melbourne Road, Indianapolis, IN 4 Beds \| 2.5 Baths \| 3085 Sq. Ft.	$305,932

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