Google street view image for 4450 Melbourne Rd, Indianapolis, IN 46228

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SOLD

$244,320

•

— ba

•

1,564

sq ft

4450 Melbourne Rd, Indianapolis, IN 46228

About this home

Charming 3 bedroom home in a great location. 2 sided fireplace, beautiful wood paneling, beamed ceilings, hardwood floors (under carpet) are just a few of the amenities that this home offers. Priced well below the appra ised value. Please note agent remarks!

Single-familyProperty Type

1951Year Built

0.32 acresLot Size

$156Est. Price/Sq.Ft.

1 car garageParking

Source:Public Records

Redfin Estimate

$244,320

$158K since last sold$4,000 since July

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 11.5% lower than the average sale price ($276K) of 6 comparable homes.

SOLD JUL 2, 2026
$274,000
A
3 beds2 baths1,547 sq ft
4416 Melbourne Rd, Indianapolis, IN 46228
SOLD AUG 17, 2026
$275,000
B
3 beds2 baths1,504 sq ft
3724 W 42nd Ter W, Indianapolis, IN 46228
SOLD JUL 28, 2026
$250,000
C
3 beds2 baths1,440 sq ft
3756 Oslo Pl, Indianapolis, IN 46228
SOLD AUG 14, 2026
$337,000
D
3 beds2 baths1,836 sq ft
4917 Manning Rd, Indianapolis, IN 46228
SOLD BY REDFIN APR 17, 2026
$255,000
E
3 beds2 baths1,593 sq ft
4920 Manning Rd, Indianapolis, IN 46228
SOLD AUG 11, 2026
$265,000
F
3 beds2 baths1,612 sq ft
4416 Sunshine Ave, Indianapolis, IN 46228

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Earn from this home

Sell

$228,211

Est. take-home

List your home with Redfin and save $2,443

Market trends in 46228, IN

Last updated July 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

99.5%

+1.1% MoM

Median sale price

$283K

$3K MoM

Avg. days on market

10d

3 days MoM

Recently sold homes

0 MoM

New listings for sale

$399,900
4 beds3 baths3,813 sq ft
3418 Rutledge Dr, Indianapolis, IN 46228
$299,900
3 beds2 baths1,719 sq ft
5819 N Victoria Dr, Indianapolis, IN 46228
$300,000
4 beds2 baths1,725 sq ft
6130 Munsee Ln, Indianapolis, IN 46228
$175,000
2 beds2 baths1,362 sq ft
2240 Rome Dr Unit C, Indianapolis, IN 46228
$750,000
3 beds3 baths2,614 sq ft
39 Highland Manor Ct N, Indianapolis, IN 46228
$226,400
3 beds1 bath1,036 sq ft
3722 W 41st Ter, Indianapolis, IN 46228
$519,900
4 beds2.5 baths3,954 sq ft
4516 Sylvan Rd, Indianapolis, IN 46228
$344,000
4 beds3.5 baths3,593 sq ft
1248 Munsee Cir, Indianapolis, IN 46228
$200,000
2 beds1 bath1,656 sq ft
1908 W Northgate St, Indianapolis, IN 46228
$325,000
3 beds2.5 baths1,840 sq ft
3728 Kinnett Ln, Indianapolis, IN 46228
See all

Provided by Redfin

Sale history for 4450 Melbourne Rd

Date

Event

Price

MIBOR as Distributed by MLS Grid #21015342

Oct 28, 2010

Listing Removed

—

Mar 23, 2010

Listed

$105,000

$67/sq ft

MIBOR as Distributed by MLS Grid #2748757

Jan 26, 2008

Listing Removed

—

Jul 25, 2007

Listed

$123,500

$79/sq ft

MIBOR as Distributed by MLS Grid #2704279

Jul 18, 2007

Listing Removed

—

Jan 18, 2007

Listed

$127,900

$82/sq ft

MIBOR as Distributed by MLS Grid #2643713

Dec 30, 2006

Listing Removed

—

Jul 6, 2006

Listed

$127,500

$82/sq ft

MIBOR as Distributed by MLS Grid #2562769

Oct 11, 2005

Listed

$99,900

$64/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$1,974 (−2.8%)

$34,500 + $150,500

$185,000

2024

$2,030 (+15.7%)

$34,500 + $138,800

$173,300

2023

$1,754 (+33.5%)

$34,500 + $138,800

$173,300

2022

$1,314 (−1.6%)

$34,500 + $134,000

$168,500

2021

$1,336 (+3.8%)

$24,700 + $98,700

$123,400

2020

$1,286 (+3.7%)

$24,700 + $98,700

$123,400

2019

$1,241 (+1.5%)

$24,700 + $94,000

$118,700

2018

$1,223 (+22.0%)

$24,700 + $91,700

$116,400

2017

$1,002 (+6.8%)

$24,700 + $76,200

$100,900

2016

$938 (+19.5%)

$24,700 + $76,200

$100,900

2015

$785 (+8.9%)

$24,700 + $72,300

$97,000

2014

$721 (+3.1%)

$24,700 + $68,500

$93,200

2013

$699

$24,700 + $64,300

$89,000

Tax history for 4450 Melbourne Rd

Year

Property tax

Land + Additions

Assessment*

2025

$1,974 (−2.8%)

$34,500 + $150,500

$185,000

2024

$2,030 (+15.7%)

$34,500 + $138,800

$173,300

2023

$1,754 (+33.5%)

$34,500 + $138,800

$173,300

2022

$1,314 (−1.6%)

$34,500 + $134,000

$168,500

2021

$1,336 (+3.8%)

$24,700 + $98,700

$123,400

2020

$1,286 (+3.7%)

$24,700 + $98,700

$123,400

2019

$1,241 (+1.5%)

$24,700 + $94,000

$118,700

2018

$1,223 (+22.0%)

$24,700 + $91,700

$116,400

2017

$1,002 (+6.8%)

$24,700 + $76,200

$100,900

2016

$938 (+19.5%)

$24,700 + $76,200

$100,900

2015

$785 (+8.9%)

$24,700 + $72,300

$97,000

2014

$721 (+3.1%)

$24,700 + $68,500

$93,200

2013

$699

$24,700 + $64,300

$89,000

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

Public record

Public record
Zoning
Permits

Beds

Baths

—

Stories

Lot width

100 ft.

Lot depth

140 ft.

Lot size

13,996

Year renovated

1951

Sq. Ft.

1,564

Year built

1951

Style

Single Family Residential

County

Marion County

APN

490617124007000600

Parking Spaces

—

Basement

Accessible

HOA Dues

—

Garage

Features

—

Last updated by owner on Jul 26, 2019.

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

Property details

Around this home

Schools

Guion Creek Elementary School

Public K-5 • Assigned • 0.9mi

5/10

Guion Creek Middle School

Public 6-8 • Assigned • 1.1mi

3/10

Pike High School

Public 9-12 • Assigned • 3.3mi

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, 18 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

$240,000 – $291,000

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New listings for sale in 46228

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Home values near 4450 Melbourne Rd

Data from public records.

Address	Redfin Estimate
4447 Melbourne Road, Indianapolis, IN 3 Beds \| 2 Baths \| 1797 Sq. Ft.	$320,568
4422 Melbourne Road, Indianapolis, IN 4 Beds \| 2.5 Baths \| 3085 Sq. Ft.	$303,983

Address	Redfin Estimate
4454 Melbourne Road, Indianapolis, IN 2 Beds \| - Baths \| 1488 Sq. Ft.	$251,870
4443 Melbourne Road, Indianapolis, IN 6 Beds \| 3 Baths \| 2840 Sq. Ft.	$347,944

Address	Redfin Estimate
4516 Melbourne Road, Indianapolis, IN 3 Beds \| - Baths \| 2120 Sq. Ft.	$278,879
4506 Melbourne Road, Indianapolis, IN 3 Beds \| 1 Baths \| 1489 Sq. Ft.	$256,269

This data may not show owner updates. Learn more.

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