Pending

$259,900

Est. $1,711/mo —

•

1,823

sq ft

4525 Melbourne Rd, Indianapolis, IN 46228

About this home

ASK ABOUT SELLER CREDIT TO BUY DOWN LOAN INTEREST RATE! Great introduction to homeownership with below market interest rates! Inspected, turn-key, and ready for move-in, well-maintained 3-bedroom, 1.5-bath brick ranch on a private, wooded and fully fenced lot. Located right along the border of Washington Township-an open school district-this home offers added flexibility for schooling options while maintaining the comfort of a quiet neighborhood setting. Inside, you'll find a functional single-level layout with warm, inviting living spaces. A wood-burning fireplace creates the perfect focal point for relaxing evenings, while the kitchen features brand-new flooring and a layout that flows easily for everyday living and entertaining. Original hardwood flooring runs throughout all three bedrooms, adding character and durability. Major updates provide peace of mind, including a newer roof and updated mechanicals, making this home truly move-in ready. The private backyard view of mature trees, a fully fenced lot, and plenty of space for any outdoor activities. Conveniently located near Saddlebrook Golf Club and just minutes from major roadways, commuting is simple, while still enjoying the tranquility of an established neighborhood.

Single-familyProperty Type

1955Year Built

0.38 acresLot Size

$143Price/Sq.Ft.

Listed by Tim O'Connor • Berkshire Hathaway Home

Listed by Caolan Hoff

Listing updated: Aug 4, 2026 at 08:58am

Redfin checked: a few seconds ago

•Source:MIBOR as Distributed by MLS Grid #22088547

Payment calculator

$1,711 per month

Principal and interest$1,366

Property taxes

$230

HOA dues

Home insurance

$115

Utilities

Add

5 minutes to get started. No credit impact.

Mortgage resources

Open houses

No upcoming open houses.

Nearby open houses (10)

3D WALKTHROUGH
$318,000
4 beds2.5 baths2,923 sq ft
1753 Beckenbauer Ln, Indianapolis, IN 46214
3D WALKTHROUGH
$171,000
3 beds1 bath1,204 sq ft
3202 N Arlington Ave, Indianapolis, IN 46218
OPEN THU, 5PM TO 7PM
$218,000
3 beds2 baths1,165 sq ft
1632 E Elbert St, Indianapolis, IN 46227
OPEN THU, 6PM TO 8PM
$305,000
3 beds2 baths2,424 sq ft
4404 Westbourne Dr, Indianapolis, IN 46205
OPEN FRI, 4PM TO 6PM3D WALKTHROUGH
$400,000
3 beds2.5 baths2,642 sq ft
6572 Kings Ct, Avon, IN 46123
OPEN SAT, 11AM TO 5:30PM
$399,999
4 beds2.5 baths2,665 sq ft
2584 Prism Way, Plainfield, IN 46168
OPEN SAT, 12PM TO 4PM
$397,900
3 beds2.5 baths2,427 sq ft
2597 Pearson Pkwy, Plainfield, IN 46168
REDFIN OPEN SAT, 1PM TO 3PM3D WALKTHROUGH
$205,000
2 beds1 bath1,572 sq ft
315 N Beville Ave, Indianapolis, IN 46201
OPEN SAT, 1PM TO 3PM
$250,000
3 beds2.5 baths2,120 sq ft
2219 E New York St, Indianapolis, IN 46201
OPEN SAT, 3PM TO 5PM3D WALKTHROUGH
$399,000
2 beds2 baths1,201 sq ft
451 American Way N Unit 2G, Carmel, IN 46032

Around this home

Schools

K - 12
Preschool & daycare

Guion Creek Elementary School

Public K-5 • Assigned • 0.9mi

5/10

Guion Creek Middle School

Public 6-8 • Assigned • 1.0mi

3/10

Pike High School

Public 9-12 • Assigned • 3.3mi

3/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Market insights

4525 Melbourne Rd · $259,900

DAYS ON MARKET

The average home goes pending in 19 days.

SALE-TO-LIST

Most homes are selling 2% below list price.

LIST PRICE

Median sale price in this area is $264,298. (2% higher than this home)

PRICE DROP

30% of homes in this area have had a price drop in the past month.

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Living

Interior features
Kitchen island
Hardwood floors
Living room (23x19, main)
Dining room (22x13, main)
Family room fireplace (wood burning)

Bedrooms
3 bedrooms (all on the main level)
Bedroom 2 (12x11, main)
Bedroom 3 (11x9, main)

Bathrooms
1 full bath (main)
1 half bath (main)

Kitchen
Dishwasher
Electric oven
Refrigerator
Disposal
Kitchen island

Laundry & utility
Washer
Dryer
Electric water heater
Main-level laundry (9x8)

Flooring
Hardwood floors

Heating & cooling
Natural gas heating
Central air conditioning

Sale and tax history for 4525 Melbourne Rd

Sale History
Tax History

Date

Event

Price

MIBOR as Distributed by MLS Grid #22088547

Aug 4, 2026

Pending

—

Jul 16, 2026

Price Changed

$259,900

$143/sq ft

May 22, 2026

Price Changed

$269,900

$148/sq ft

Mar 31, 2026

Relisted

—

Mar 24, 2026

Pending

—

Mar 13, 2026

Listed

$275,000

$151/sq ft

APPFOLIO #1

Feb 2, 2025

Rental Removed

$1,650

$1/sq ft

Jan 22, 2025

Listed for Rent

$1,650

$1/sq ft

MIBOR as Distributed by MLS Grid #22001169

Dec 3, 2024

Listing Removed

—

Nov 7, 2024

Price Changed

$275,000

$151/sq ft

Nov 5, 2024

Price Changed

$280,000

$154/sq ft

Oct 9, 2024

Price Changed

$285,000

$156/sq ft

Oct 4, 2024

Price Changed

$290,000

$159/sq ft

Sep 12, 2024

Listed

$295,000

$162/sq ft

MIBOR as Distributed by MLS Grid #21948209

Nov 10, 2023

Listing Removed

—

Oct 26, 2023

Price Changed

$300,000

$165/sq ft

Oct 20, 2023

Price Changed

$305,000

$167/sq ft

Oct 12, 2023

Listed

$310,000

$170/sq ft

MIBOR as Distributed by MLS Grid #21615353

Apr 29, 2019

Sold

$179,000

$98/sq ft

Mar 21, 2019

Pending

—

Mar 12, 2019

Relisted

—

Mar 5, 2019

Pending

—

Jan 19, 2019

Listed

$185,000

$101/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$2,818 (−2.4%)

$38,500 + $225,500

$264,000

2024

$2,887 (+14.7%)

$38,500 + $207,700

$246,200

2023

$2,516 (−32.1%)

$38,500 + $207,700

$246,200

2022

$3,706 (+4.2%)

$38,500 + $200,500

$239,000

2021

$3,558 (+4.1%)

$27,600 + $144,300

$171,900

2020

$3,419 (+28.4%)

$27,600 + $144,300

$171,900

2019

$2,662 (+27.7%)

$27,600 + $137,500

$165,100

2018

$2,085 (+84.2%)

$27,600 + $134,100

$161,700

2017

$1,132 (+6.6%)

$27,600 + $84,500

$112,100

2016

$1,062 (+14.3%)

$27,600 + $84,500

$112,100

2015

$929 (+8.5%)

$27,600 + $80,300

$107,900

2014

$856 (+2.9%)

$27,600 + $78,600

$106,200

2013

$832

$27,600 + $73,900

$101,500

Public record

Public record
Zoning
Permits

Beds

Baths

1.5

Stories

Lot width

105 ft.

Lot depth

159 ft.

Lot size

0.37 Acres

Year renovated

1996

Finished Sq. Ft.

1,823

Unfinished Sq. Ft.

—

Total Sq. Ft.

1,823

Year built

1955

Style

Single Family Residential

County

Marion County

APN

490617124032000600

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 29, 2026.

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

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, 19 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

97/ 100

Exceptional sunlight

Sunscore

There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

9.4 hrs

5.8 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 4525 Melbourne Rd

We cannot show automated home-value estimates for this home.

Nearby homes have recently sold between $220,000 and $355,000.

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $220K to $355K.

SOLD JUL 2, 2026
$274,000 Last sold price
3 beds2 baths1,547 sq ft
4416 Melbourne Rd, Indianapolis, IN 46228
$34/sq ft
smaller lot
5 years newer
SOLD AUG 11, 2026
$265,000 Last sold price
3 beds2 baths1,612 sq ft
4416 Sunshine Ave, Indianapolis, IN 46228
$21/sq ft
36 years newer
SOLD APR 17, 2026
$355,000 Last sold price
3 beds2 baths1,806 sq ft
4357 Grayson Dr, Indianapolis, IN 46228
$54/sq ft
larger lot
5 years newer
SOLD JUL 28, 2026
$250,000 Last sold price
3 beds2 baths1,440 sq ft
3756 Oslo Pl, Indianapolis, IN 46228
$31/sq ft
smaller lot
35 years newer
SOLD JUN 12, 2026
$220,000 Last sold price
3 beds2.5 baths1,995 sq ft
3524 Bodelva Ln, Indianapolis, IN 46228
$33/sq ft
smaller lot
55 years newer
SOLD JUN 9, 2026
$260,000 Last sold price
3 beds2 baths1,782 sq ft
4436 Sunshine Ave, Indianapolis, IN 46228
$3/sq ft
36 years newer

This home is pending

The seller has accepted an offer, and this property is now .

Have questions?

Antwon Culbreath

Indianapolis Redfin Agent

Antwon Culbreath typically replies in about 7 minutes

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Details provided by MIBOR as Distributed by MLS Grid and may not match the public record. Learn more.

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