OFF MARKET

Off Market Jul 2020 for $230K

$316,842

•

2,039

sq ft

4542 Melbourne Rd, Indianapolis, IN 46228

About this home

WOW! RARE FIND IN ONE OF PIKE'S MOST COVETED NEIGHBORHOODS (NORTHERN ESTATES). THIS COMMUNITY IS THE DREAM PLACE TO LIVE -- SO FRIENDLY & ACTIVITIES GALORE: 4TH OF JULY PARADE & SEVERAL OTHER FUN EVENTS. HOME IS AN ALL UPDATED 4 BEDRM SPRAWLING RANCH OUT OF A MAGAZINE. DO NOTHING BUT MOVE-RIGHT-INTO THIS SPACIOUS PROPERTY WITH TWO SEPARATE LIVING SPACES -- LIVING RM OPEN TO THE KIT & HUGE GREAT RM W/ FIREPLACE, TOO. IN ADDITION TO 4 SPACIOUS BEDRMS, HOME INCLUDES A FLEX ROOM -- PERFECT FOR OFFICE, EXERCISE, PLAYROOM OR LIBRARY. ENJOY 2 FULLY UPDATED CUSTOM BATHS W/ TILED SHOWERS. UPDATES INCLUDE FRESH PAINT, SS APPLIANCES, FIXTURES, LIGHTS & MORE. ALL THIS ON A HUGE, PRIVATE LOT W/ FULLY FENCED YARD & MINI-BARN W/ EXTRA STORAGE. DON'T MISS!

Single-familyProperty Type

1969Year Built

0.38 acresLot Size

$155Est. Price/Sq.Ft.

2 car garageParking

Listed by Kristie Smith • Keller Williams Indy Metro NE

Contact: ksmith@indyhomes.com

Bought with Radmila Adams • Encore Sotheby's International

Redfin checked: 2 minutes ago

•Source:MIBOR as Distributed by MLS Grid #21718516

Redfin Estimate

$316,842

$86K since sold in July 2020$1,000 since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 7.9% higher than the average sale price ($294K) of 6 comparable homes.

SOLD AUG 14, 2026
$337,000
A
3 beds2 baths1,836 sq ft
4917 Manning Rd, Indianapolis, IN 46228
SOLD JUL 2, 2026
$274,000
B
3 beds2 baths1,547 sq ft
4416 Melbourne Rd, Indianapolis, IN 46228
SOLD JUN 30, 2026
$271,000
C
3 beds2 baths1,800 sq ft
4202 Sunshine Ave, Indianapolis, IN 46228
SOLD AUG 11, 2026
$265,000
D
3 beds2 baths1,612 sq ft
4416 Sunshine Ave, Indianapolis, IN 46228
SOLD JUN 9, 2026
$260,000
E
3 beds2 baths1,782 sq ft
4436 Sunshine Ave, Indianapolis, IN 46228
SOLD APR 17, 2026
$355,000
F
3 beds2 baths1,806 sq ft
4357 Grayson Dr, Indianapolis, IN 46228

Claim this home to receive a free report every month with insights on the changing estimate.

Earn from this home

Sell

$134,571

Est. take-home

List your home with Redfin and save $3,168

Rent

$1,855/mo

Redfin rental estimate

List your home for rent

Market trends in 46228, IN

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

99.3%

0.1% MoM

Median sale price

$278K

$7K MoM

Avg. days on market

10d

1 days MoM

Recently sold homes

5 MoM

New listings for sale

NEW 8 HRS AGO
$340,000
4 beds2.5 baths3,939 sq ft
4752 Arabian Run, Indianapolis, IN 46228
$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
OPEN THU, 5PM TO 7PM
$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
See all

Provided by Redfin

Sale history for 4542 Melbourne Rd

Date

Event

Price

MIBOR as Distributed by MLS Grid #21718516

Jul 7, 2020

Sold

$230,500

$113/sq ft

Jun 16, 2020

Pending

—

Jun 12, 2020

Listed

$215,000

$105/sq ft

MIBOR as Distributed by MLS Grid #21194849

Apr 15, 2013

Listing Removed

—

Mar 28, 2013

Sold

$152,000

$75/sq ft

Sep 1, 2012

Listed

$159,900

$78/sq ft

+19

MIBOR as Distributed by MLS Grid #2911963

Oct 19, 2009

Listing Removed

—

Feb 28, 2009

Listed

$159,900

$78/sq ft

MIBOR as Distributed by MLS Grid #2246662

Apr 4, 2003

Listing Removed

—

Oct 4, 2002

Listed

$149,900

$74/sq ft

MIBOR as Distributed by MLS Grid #2302354

Jan 14, 2003

Listed

$149,900

$74/sq ft

MIBOR as Distributed by MLS Grid #2219634

Oct 29, 2002

Listing Removed

—

Apr 29, 2002

Listed

$154,900

$76/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$2,647 (−2.7%)

$37,800 + $209,800

$247,600

2024

$2,719 (+14.4%)

$37,800 + $193,800

$231,600

2023

$2,376 (+31.3%)

$37,800 + $193,800

$231,600

2022

$1,809 (+6.6%)

$37,800 + $187,200

$225,000

2021

$1,698 (+3.9%)

$27,100 + $130,600

$157,700

2020

$1,634 (−4.0%)

$27,100 + $130,600

$157,700

2019

$1,702 (+2.2%)

$27,100 + $124,500

$151,600

2018

$1,665 (+12.1%)

$27,100 + $131,600

$158,700

2017

$1,485 (+4.0%)

$27,100 + $109,700

$136,800

2016

$1,427 (+12.7%)

$27,100 + $109,700

$136,800

2015

$1,266 (−0.7%)

$27,100 + $104,300

$131,400

2014

$1,275 (+3.2%)

$27,100 + $98,700

$125,800

2013

$1,236

$27,100 + $99,600

$126,700

Tax history for 4542 Melbourne Rd

Year

Property tax

Land + Additions

Assessment*

2025

$2,647 (−2.7%)

$37,800 + $209,800

$247,600

2024

$2,719 (+14.4%)

$37,800 + $193,800

$231,600

2023

$2,376 (+31.3%)

$37,800 + $193,800

$231,600

2022

$1,809 (+6.6%)

$37,800 + $187,200

$225,000

2021

$1,698 (+3.9%)

$27,100 + $130,600

$157,700

2020

$1,634 (−4.0%)

$27,100 + $130,600

$157,700

2019

$1,702 (+2.2%)

$27,100 + $124,500

$151,600

2018

$1,665 (+12.1%)

$27,100 + $131,600

$158,700

2017

$1,485 (+4.0%)

$27,100 + $109,700

$136,800

2016

$1,427 (+12.7%)

$27,100 + $109,700

$136,800

2015

$1,266 (−0.7%)

$27,100 + $104,300

$131,400

2014

$1,275 (+3.2%)

$27,100 + $98,700

$125,800

2013

$1,236

$27,100 + $99,600

$126,700

*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

113 ft.

Lot depth

145 ft.

Lot size

0.38 Acres

Year renovated

1969

Sq. Ft.

2,039

Year built

1969

Style

Single Family Residential

County

Marion County

APN

490617124011000600

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

Property details

Parking

Parking Information
Parking Features: Attached, Concrete, Garage Door Opener, Storage
Garage Spaces: 2
Has Garage

Interior

Virtual Tour

Interior Sq. Ft. Information
Building Area Total: 2039
Living Area: 2039
Main Level Sq. Ft.: 2039
Upper Level Sq. Ft.: 0

Bedroom Information
Primary Bedroom Description: Suite,Tub Full with Shower
# of Bedrooms Main: 4
Beds MU: 4
Bedrooms MU: 4

Bathroom Information
# of Full Baths (Total): 2
# of Full Baths (Main): 2
Full Baths MU: 4
Full Bathrooms MU: 2

Room 1 Information
Room Type: Living Room
Room Features: Carpet
Room Dimensions: 17x15
Room Level: Main

Room 2 Information
Room Type: Kitchen
Room Features: Laminate
Room Dimensions: 17x9
Room Level: Main

Room 3 Information
Room Features: Carpet
Room Dimensions: 14x13
Room Level: Main

Room 4 Information
Room Type: Library
Room Features: Carpet
Room Dimensions: 14x8
Room Level: Main

Room 5 Information
Room Type: Bedroom 4
Room Features: Carpet
Room Dimensions: 14x13
Room Level: Main

Room 6 Information
Room Type: Family Room
Room Features: Carpet
Room Dimensions: 19x13
Room Level: Main

Room 7 Information
Room Type: Bedroom 2
Room Features: Carpet
Room Dimensions: 13x12
Room Level: Main

Room 8 Information
Room Type: Bedroom 3
Room Features: Carpet
Room Dimensions: 10x10
Room Level: Main

Room 9 Information
Room Type: Breakfast Room
Room Features: Carpet
Room Dimensions: 9x9
Room Level: Main

Other Rooms Information
Rooms Upper: 0
Rooms Main: 10
Rooms Basement: 0
# of Rooms: 10

Basement Information
Basement Features: Sump Pump

Fireplace Information
# of Fireplaces: 1
Fireplace Features: Family Room, Masonry, Woodburning Fireplce

Heating & Cooling
Heating Information: Forced Air, Gas
Cooling Information: Central Electric, Attic Fan

Interior Features
Interior Features: Attic Access, Built In Book Shelves, Pantry
Appliances: Dishwasher, Dryer, Disposal, MicroHood, Electric Oven, Refrigerator, Washer, Gas Water Heater
Areas Interior: Bedroom Other on Main

Exterior

Exterior Features
Patio And Porch Features: Open Patio, Covered Porch
Exterior Features: Storage Shed
Fencing: Fence Full Rear

Property Information
Ownership Interest Types: Voluntary Fee
Other Equipment: Radon System, Smoke Alarm
Property Type: Residential
Property Sub Type: Single Family Residence

Land Information
Acres: 1/4-1/2 Acre

Lot Information
Lot Size Acres: 0.37
Lot Features: Mature Trees, Trees-Small (Under 20 Ft), Wooded

Utilities

Utility Information
Utility Prim Sewage Disp: Municipal Sewer Connected
Water Source: Municipal/City
Utilities: Cable Connected, Gas
Solid Waste Information: Yes

Location

HOA Information
Has HOA
Association Fee: $120
Association Fee Frequency: Annually
Association Fee Includes: Snow Removal

School Information
Schools: GUION CREEK ELEMENTARY,GUION CREEK MIDDLE,PIKE HIGH
High School District: MSD Pike Township

Location Information
Directions: FROM KESSLER & I-65, NORTH ON KESSLER TO 46TH ST, WEST ON 46TH ST TO MELBOURNE ROAD, SOUTH ON MELBOURNE TO HOME ON THE RIGHT. FROM 56TH & KESSLER, SOUTH TO 46TH ST.
Tax Legal Description: NORTHERN ESTATES 4TH SEC L205

Public facts

Beds: 3
Baths: 1.0
Sq. Ft.: 2,039
Stories: 1.0
Lot Size: 0.38 acres
Style: Single Family Residential
Year Built: 1969
Year Renovated: 1969
County: Marion County
APN: 490617124011000600

Home facts updated by county records on Jul 29, 2026

Other

Listing Information
Attribution Contact: ksmith@indyhomes.com

Green Information
Green Certification YN: No

Home Information
Foundation Details: Slab
Construction Materials: Brick
Levels: One

Around this home

Schools

Guion Creek Elementary School

Public K-5 • Assigned • 0.8mi

5/10

Guion Creek Middle School

Public 6-8 • Assigned • 1.0mi

3/10

Pike High School

Public 9-12 • Assigned • 3.2mi

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, 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

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

$302,000 – $365,000

Reach more buyers when you sell with Redfin. Save up to $3,168 in fees. 3 minutes to get started.

Need the cash from your home fast? Sell to .

Nearby similar homes

NEW 8 HRS AGO

$340,000

4 beds2.5 baths3,939 sq ft

4752 Arabian Run, Indianapolis, IN 46228

3D WALKTHROUGH

$949,999

4 beds4 baths4,678 sq ft

5726 Cooper Rd, Indianapolis, IN 46228

$310,000

4 beds2.5 baths2,218 sq ft

5635 Arabian Ct, Indianapolis, IN 46228

OPEN SEP 12, 12PM TO 3PM

$300,000

3 beds2.5 baths1,818 sq ft

5037 Deer Creek Pl, Indianapolis, IN 46254

$129,900

2 beds1 bath792 sq ft

3160 Thayer St, Indianapolis, IN 46222

$226,400

3 beds1 bath1,036 sq ft

3722 W 41st Ter, Indianapolis, IN 46228

New listings for sale in 46228

NEW 8 HRS AGO

$340,000

4 beds2.5 baths3,939 sq ft

4752 Arabian Run, Indianapolis, IN 46228

$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

OPEN THU, 5PM TO 7PM

$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

Home values near 4542 Melbourne Rd

Data from public records.

Address	Redfin Estimate
4538 Melbourne Road, Indianapolis, IN 4 Beds \| 2 Baths \| 1660 Sq. Ft.	$296,214
4526 Melbourne Road, Indianapolis, IN 3 Beds \| 1 Baths \| 1544 Sq. Ft.	$200,198

Address	Redfin Estimate
4554 Melbourne Road, Indianapolis, IN 4 Beds \| 2.5 Baths \| 2374 Sq. Ft.	$312,618
4545 Melbourne Road, Indianapolis, IN 3 Beds \| 2 Baths \| 1642 Sq. Ft.	$299,861

Address	Redfin Estimate
4595 Melbourne Road, Indianapolis, IN 4 Beds \| 2.5 Baths \| 2090 Sq. Ft.	$370,700
4548 Melbourne Road, Indianapolis, IN 3 Beds \| 2 Baths \| 1725 Sq. Ft.	$279,961

Property information provided by MIBOR as Distributed by MLS Grid when last listed in 2020. This data may not match . Learn more.

More real estate resources

Neighborhoods
Zip Codes
Cities
Minor Civil Divisions
Popular Searches

Snacks-Guion Creek homes for sale

Download the Redfin App on the Apple App Store

Download the Redfin App from the Google Play Store

Join us

Become an Agent

Get referrals

Careers

Find homes faster

About us

Find us

Subsidiaries

Affiliated Business

Countries

United States

Canada

Updated September 2025: By searching, you agree to the Terms of Use, and Privacy Policy.

Do not sell or share my personal information.

REDFIN and all REDFIN variants, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.

California DRE #01521930

Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures

New Mexico Real Estate Licenses

TREC: Info About Brokerage Services, Consumer Protection Notice

All mortgage lending products and information are provided by Rocket Mortgage, LLC | NMLS #3030; www.NMLSConsumerAccess.org. Licensed in 50 states. This site is not authorized by the New York State Department of Financial Services for mortgage solicitation or loan applications activities related to properties located in the State of New York.

Redfin Corporation is an affiliated business of Rocket Limited Partnership. Each company, and their subsidiaries, are separate legal entities operated and managed through its own management and governance structures.

If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.

REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.

GreatSchools Ratings provided by GreatSchools.org.

46250 homes for sale
46256 homes for sale
46217 homes for sale
46237 homes for sale
46220 homes for sale

Franklin Township homes for sale
Lawrence Township homes for sale
Pike Township homes for sale
Washington Township homes for sale
Perry Township homes for sale

Houses for rent in Indianapolis	Agents near me	Munster, IN homes for sale	Indianapolis Housing Market
Houses for sale near me	Indianapolis, IN homes for sale	Zionsville, IN homes for sale
Land for sale near me	Carmel, IN homes for sale	Westfield, IN homes for sale
Open Houses near me	Fishers, IN homes for sale	Indianapolis Property Records
Condos for sale near me	Hammond, IN homes for sale	IN New Listings

Fishers homes for sale
Zionsville homes for sale
Carmel homes for sale