OFF MARKET

Off Market Jan 2012 for $95K

$312,568

•

2,374

sq ft

4554 Melbourne Rd, Indianapolis, IN 46228

About this home

Single-familyProperty Type

1967Year Built

0.35 acresLot Size

$132Est. Price/Sq.Ft.

2 car garageParking

Listed by Kenneth Sumner • Cornerstone Rlty Indy LLC

Contact: ken@indyscornerstone.com

Bought with Grace Colette • Carpenter, REALTORS®

Redfin checked: 2 minutes ago

•Source:MIBOR as Distributed by MLS Grid #21052943

Redfin Estimate

$312,568

$218K since sold in January 2012$1,000 since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 4.1% lower than the average sale price ($326K) of 6 comparable homes.

SOLD MAY 29, 2026
$376,500
A
4 beds2.5 baths2,826 sq ft
3246 W 46th St, Indianapolis, IN 46228
SOLD JUN 18, 2026
$293,000
B
5 beds2.5 baths2,140 sq ft
4224 Sunshine Ave, Indianapolis, IN 46228
SOLD AUG 14, 2026
$337,000
C
3 beds2 baths1,836 sq ft
4917 Manning Rd, Indianapolis, IN 46228
SOLD JUL 2, 2026
$274,000
D
3 beds2 baths1,547 sq ft
4416 Melbourne Rd, Indianapolis, IN 46228
SOLD JUN 4, 2026
$345,900
E
4 beds2.5 baths2,187 sq ft
4901 Katelyn Dr, Indianapolis, IN 46228
SOLD DEC 12, 2025
$330,000
F
3 beds2 baths1,728 sq ft
4589 Lincoln Rd, Indianapolis, IN 46228

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Earn from this home

Sell

$242,542

Est. take-home

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Rent

$1,917/mo

Redfin rental estimate

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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 14 HRS AGO
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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
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4 beds3.5 baths3,593 sq ft
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See all

Provided by Redfin

Sale history for 4554 Melbourne Rd

Year

Property tax

Land + Additions

Assessment*

2025

$3,332 (−2.6%)

$36,900 + $276,900

$313,800

2024

$3,422 (+15.6%)

$36,900 + $257,500

$294,400

2023

$2,961 (+31.8%)

$36,900 + $257,500

$294,400

2022

$2,247 (+6.8%)

$36,900 + $248,600

$285,500

2021

$2,104 (+4.1%)

$26,400 + $173,800

$200,200

2020

$2,020 (+2.2%)

$26,400 + $173,800

$200,200

2019

$1,977 (+2.2%)

$26,400 + $165,700

$192,100

2018

$1,933 (+20.9%)

$26,400 + $161,600

$188,000

2017

$1,599 (+4.9%)

$26,400 + $124,300

$150,700

2016

$1,524 (+12.0%)

$26,400 + $124,300

$150,700

2015

$1,361 (+5.6%)

$26,400 + $117,100

$143,500

2014

$1,289 (+1.5%)

$26,400 + $109,800

$136,200

2013

$1,270

$26,400 + $102,600

$129,000

Tax history for 4554 Melbourne Rd

Year

Property tax

Land + Additions

Assessment*

2025

$3,332 (−2.6%)

$36,900 + $276,900

$313,800

2024

$3,422 (+15.6%)

$36,900 + $257,500

$294,400

2023

$2,961 (+31.8%)

$36,900 + $257,500

$294,400

2022

$2,247 (+6.8%)

$36,900 + $248,600

$285,500

2021

$2,104 (+4.1%)

$26,400 + $173,800

$200,200

2020

$2,020 (+2.2%)

$26,400 + $173,800

$200,200

2019

$1,977 (+2.2%)

$26,400 + $165,700

$192,100

2018

$1,933 (+20.9%)

$26,400 + $161,600

$188,000

2017

$1,599 (+4.9%)

$26,400 + $124,300

$150,700

2016

$1,524 (+12.0%)

$26,400 + $124,300

$150,700

2015

$1,361 (+5.6%)

$26,400 + $117,100

$143,500

2014

$1,289 (+1.5%)

$26,400 + $109,800

$136,200

2013

$1,270

$26,400 + $102,600

$129,000

*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

1.5

Stories

Lot width

115 ft.

Lot depth

133 ft.

Lot size

0.35 Acres

Year renovated

1967

Sq. Ft.

2,374

Year built

1967

Style

Single Family Residential

County

Marion County

APN

490617124009000600

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

Aug 1, 2014 • Active

Structural permit-1-2 family-renovation

Perform exterior and interior renovations on a single-family home. The work includes a roof tear-off and replacement, as well as installing new decking, windows, doors, and siding.

Remodel

Roofing

Sep 27, 2002 • Final

Sewer connection

Plumbing

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

Parking

Parking Information
Parking Features: Attached
Garage Spaces: 2
Has Garage

Interior

Interior Sq. Ft. Information
Building Area Total: 2374
Living Area: 2374
Main Level Sq. Ft.: 1354
Upper Level Sq. Ft.: 1020

Bedroom Information
# of Upper Bedrooms: 4
Beds MU: 4
Bedrooms MU: 4

Bathroom Information
# of Full Baths (Total): 2
# of Half Baths (Total): 1
# of Full Baths (Upper): 2
# of Half Baths (Main): 1
Half Baths MU: 1
Half Bathrooms MU: 1
Full Baths MU: 4
Full Bathrooms MU: 2

Room 1 Information
Room Type: Kitchen
Room Dimensions: 12x10
Room Level: Main

Room 2 Information
Room Type: Dining Room
Room Features: Carpet
Room Dimensions: 9x11
Room Level: Main

Room 3 Information
Room Type: Bedroom 3
Room Features: Hardwood
Room Dimensions: 12x12
Room Level: Upper

Room 4 Information
Room Features: Hardwood
Room Dimensions: 12x14
Room Level: Upper

Room 5 Information
Room Dimensions: 8x7
Room Level: Main

Room 6 Information
Room Type: Bedroom 4
Room Features: Hardwood
Room Dimensions: 12x12
Room Level: Upper

Room 7 Information
Room Type: Bedroom 2
Room Features: Hardwood
Room Dimensions: 12x12
Room Level: Upper

Room 8 Information
Room Type: Living Room
Room Features: Hardwood
Room Dimensions: 17x13
Room Level: Main

Room 9 Information
Room Type: Family Room
Room Features: Hardwood
Room Dimensions: 16x13
Room Level: Main

Other Rooms Information
# of Rooms: 9

Basement Information
Basement Features: Sump Pump

Fireplace Information
# of Fireplaces: 1

Heating & Cooling
Heating Information: Forced Air, Heat Pump, Electric
Cooling Information: Central Electric

Interior Features
Interior Features: Hardwood Floors
Appliances: None, Electric Water Heater

Exterior

Property Information
Ownership Interest Types: No Assoc
Other Equipment: Smoke Alarm
Property Type: Residential
Property Sub Type: Single Family Residence

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

Lot Information
Lot Size Acres: 0.35

Utilities

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

Location

School Information
High School District: MSD Pike Township

Location Information
Directions: West on 46th from Kessler. South on Melbourne
Tax Legal Description: NORTHERN ESTATES 4TH SEC

Public facts

Beds: 4
Baths: 1.5
Sq. Ft.: 2,374
Stories: 2.0
Lot Size: 0.35 acres
Style: Single Family Residential
Year Built: 1967
Year Renovated: 1967
County: Marion County
APN: 490617124009000600

Home facts updated by county records on Jul 29, 2026

Other

Listing Information
Attribution Contact: ken@indyscornerstone.com

Home Information
Foundation Details: Brick
Construction Materials: Brick, Cedar
Levels: Two

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

$297,000 – $360,000

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Nearby similar homes

NEW 14 HRS AGO

$340,000

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3D WALKTHROUGH

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3D WALKTHROUGH

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New listings for sale in 46228

NEW 14 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

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3722 W 41st Ter, Indianapolis, IN 46228

OPEN THU, 5PM TO 7PM

$519,900

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Home values near 4554 Melbourne Rd

Data from public records.

Address	Redfin Estimate
4542 Melbourne Road, Indianapolis, IN 4 Beds \| 2 Baths \| 2039 Sq. Ft.	$316,842
4545 Melbourne Road, Indianapolis, IN 3 Beds \| 2 Baths \| 1642 Sq. Ft.	$290,859

Address	Redfin Estimate
4538 Melbourne Road, Indianapolis, IN 4 Beds \| 2 Baths \| 1660 Sq. Ft.	$296,464
4548 Melbourne Road, Indianapolis, IN 3 Beds \| 2 Baths \| 1725 Sq. Ft.	$285,994

Address	Redfin Estimate
4595 Melbourne Road, Indianapolis, IN 4 Beds \| 2.5 Baths \| 2090 Sq. Ft.	$369,837
4547 Melbourne Road, Indianapolis, IN 3 Beds \| 1 Baths \| 1999 Sq. Ft.	$294,468

Property information provided by MIBOR as Distributed by MLS Grid when last listed in 2010. This data may not match . Learn more.

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