OFF MARKET

Off Market Jul 2020 for $207K

$338,151

•

3,731

sq ft

4607 Melbourne Rd, Indianapolis, IN 46228

About this home

Beautiful custom built 4/5 bedroom 2.5 bath home in well established and mature neighborhood, Northern Estates. Home sits on a corner lot with large trees. Home has been well taken care of, but is in need of cosmetic updates and price was adjusted accordingly. Basement is dry, windows and mechanicals are in great shape. Large rooms. Exposed wood on ceiling in Family Room, huge all-seasons room, and more. Home has so much potential. Don’t miss this great opportunity!

Single-familyProperty Type

1966Year Built

112 sq ftLot Size

$91Est. Price/Sq.Ft.

2 car garageParking

Listed by Carl Vargas • F.C. Tucker Company

Listed by Jason Bostic • F.C. Tucker Company

Contact: carl@carlvargasteam.com

Bought with Devina Cagle • My Agent

Redfin checked: 2 minutes ago

•Source:MIBOR as Distributed by MLS Grid #21718454

Redfin Estimate

$338,151

$131K since sold in July 2020$10K since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 5.8% lower than the average sale price ($359K) 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 AUG 14, 2026
$375,000
B
4 beds2.5 baths2,961 sq ft
3634 Katelyn Ln, Indianapolis, IN 46228
SOLD AUG 7, 2026
$326,900
C
4 beds2 baths3,944 sq ft
3259 W 48th St, Indianapolis, IN 46228
SOLD BY REDFIN JUL 17, 2026
$380,000
D
4 beds2 baths4,148 sq ft
3140 W 48th St, Indianapolis, IN 46228
SOLD JUL 21, 2026
$285,000
E
4 beds2.5 baths1,792 sq ft
4746 Rocky Knob Ln, Indianapolis, IN 46254
SOLD AUG 10, 2026
$410,000
F
4 beds2.5 baths3,448 sq ft
4729 Orlando Ct, Indianapolis, IN 46228

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Earn from this home

Sell

$171,656

Est. take-home

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Rent

$2,019/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

99.1%

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 4607 Melbourne Rd

Year

Property tax

Land + Additions

Assessment*

2025

$3,608 (−1.7%)

$39,100 + $295,400

$334,500

2024

$3,670 (+15.9%)

$39,100 + $273,500

$312,600

2023

$3,168 (+34.7%)

$39,100 + $273,500

$312,600

2022

$2,352 (+7.4%)

$39,100 + $263,200

$302,300

2021

$2,191 (+4.7%)

$28,000 + $177,300

$205,300

2020

$2,092 (+2.5%)

$28,000 + $177,300

$205,300

2019

$2,042 (+2.5%)

$28,000 + $167,800

$195,800

2018

$1,991 (+14.8%)

$28,000 + $163,100

$191,100

2017

$1,735 (−1.7%)

$28,000 + $132,200

$160,200

2016

$1,765 (+12.9%)

$28,000 + $132,200

$160,200

2015

$1,563 (+5.8%)

$28,000 + $135,700

$163,700

2014

$1,478 (+1.5%)

$28,000 + $127,400

$155,400

2013

$1,456

$28,000 + $119,000

$147,000

Tax history for 4607 Melbourne Rd

Year

Property tax

Land + Additions

Assessment*

2025

$3,608 (−1.7%)

$39,100 + $295,400

$334,500

2024

$3,670 (+15.9%)

$39,100 + $273,500

$312,600

2023

$3,168 (+34.7%)

$39,100 + $273,500

$312,600

2022

$2,352 (+7.4%)

$39,100 + $263,200

$302,300

2021

$2,191 (+4.7%)

$28,000 + $177,300

$205,300

2020

$2,092 (+2.5%)

$28,000 + $177,300

$205,300

2019

$2,042 (+2.5%)

$28,000 + $167,800

$195,800

2018

$1,991 (+14.8%)

$28,000 + $163,100

$191,100

2017

$1,735 (−1.7%)

$28,000 + $132,200

$160,200

2016

$1,765 (+12.9%)

$28,000 + $132,200

$160,200

2015

$1,563 (+5.8%)

$28,000 + $135,700

$163,700

2014

$1,478 (+1.5%)

$28,000 + $127,400

$155,400

2013

$1,456

$28,000 + $119,000

$147,000

*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

112 ft.

Lot depth

158 ft.

Lot size

0.41 Acres

Year renovated

1966

Sq. Ft.

3,106

Year built

1966

Style

Single Family Residential

County

Marion County

APN

490608112016000600

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
Garage Parking Other: Finished Garage
Parking Features: Attached, Rear/Side Entry
Garage Spaces: 2
Has Garage

Interior

Virtual Tour

Interior Sq. Ft. Information
Building Area Total: 3731
Living Area: 3106
Main Level Sq. Ft.: 2070
Upper Level Sq. Ft.: 1036
Lower/Basement Level Sq. Ft (Finished): 0

Bedroom Information
Primary Bedroom Description: Shower Stall Full,Suite,Tub Full
# of Upper Bedrooms: 4
# of Bedrooms Main: 1
Beds MU: 5
Bedrooms MU: 5

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: 5
Full Bathrooms MU: 2

Room 1 Information
Room Features: Vinyl
Room Dimensions: 7x9
Room Level: Main

Room 2 Information
Room Features: Hardwood
Room Dimensions: 14x18
Room Level: Upper

Room 3 Information
Room Type: Kitchen
Room Features: Carpet
Room Dimensions: 12x14
Room Level: Main

Room 4 Information
Room Type: Living Room
Room Features: Hardwood
Room Dimensions: 17x13
Room Level: Main

Room 5 Information
Room Type: Dining Room
Room Features: Hardwood
Room Dimensions: 10x11
Room Level: Main

Room 6 Information
Room Type: Family Room
Room Dimensions: 20x15
Room Level: Main

Room 7 Information
Room Type: Bedroom 2
Room Features: Hardwood
Room Dimensions: 10x15
Room Level: Upper

Room 8 Information
Room Type: Bedroom 3
Room Features: Hardwood
Room Dimensions: 11x13
Room Level: Upper

Room 9 Information
Room Type: Bedroom 4
Room Features: Carpet
Room Dimensions: 10x13
Room Level: Upper

Room 10 Information
Room Type: Bedroom 5
Room Features: Vinyl
Room Dimensions: 10x14
Room Level: Main

Room 11 Information
Room Type: Sun Room
Room Dimensions: 27x9
Room Level: Main

Other Rooms Information
Rooms Upper: 4
Rooms Main: 7
Rooms Basement: 0
# of Rooms: 11

Basement Information
Has Basement
Basement Features: Unfinished, Crawl Space

Fireplace Information
# of Fireplaces: 1
Fireplace Features: Woodburning Fireplce

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

Interior Features
Interior Features: Built In Book Shelves, Hardwood Floors, Eat-in Kitchen
Appliances: Electric Cooktop, Dishwasher, Dryer, Electric Oven, Refrigerator, Washer, Gas Water Heater
Areas Interior: Bedroom Other on Main,Living Room Formal

Exterior

Building Information
Percent Optional Level Finished: 0-25%

Exterior Features
Patio And Porch Features: Open Patio
Exterior Features: Barn Mini

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

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

Lot Information
Lot Size Acres: 0.41
Lot Features: Corner Lot, Mature Trees

Utilities

Utility Information
Utility Prim Sewage Disp: Municipal Sewer Connected
Water Source: Municipal/City
Utilities: Cable Available
Solid Waste Information: No

Location

School Information
High School District: MSD Pike Township

Location Information
Directions: From I-65 exit at Kessler Blvd North. Follow for 1 mile to W. 46th Street & go left half mile to Melbourne on the right.
Tax Legal Description: Northern Estates

Public facts

Beds: 4
Baths: 1.5
Sq. Ft.: 3,106
Stories: 2.0
Lot Size: 0.41 acres
Style: Single Family Residential
Year Built: 1966
Year Renovated: 1966
County: Marion County
APN: 490608112016000600

Home facts updated by county records on Jul 29, 2026

Other

Listing Information
Attribution Contact: carl@carlvargasteam.com

Green Information
Green Certification YN: No

Home Information
Construction Materials: Stone, Wood With Stone
Levels: Tri-Level

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 • 3.1mi

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

$322,000 – $389,000

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Home values near 4607 Melbourne Rd

Data from public records.

Address	Redfin Estimate
4554 Melbourne Road, Indianapolis, IN 4 Beds \| 2.5 Baths \| 2374 Sq. Ft.	$312,406
4705 Melbourne Road, Indianapolis, IN 3 Beds \| - Baths \| 1632 Sq. Ft.	$304,307

Address	Redfin Estimate
4621 Melbourne Road, Indianapolis, IN 4 Beds \| 1.5 Baths \| 2303 Sq. Ft.	$360,933
4636 Melbourne Road, Indianapolis, IN 4 Beds \| 1 Baths \| 1864 Sq. Ft.	$351,709

Address	Redfin Estimate
4595 Melbourne Road, Indianapolis, IN 4 Beds \| 2.5 Baths \| 2090 Sq. Ft.	$362,052
4626 Melbourne Road, Indianapolis, IN 3 Beds \| 2.5 Baths \| 2052 Sq. Ft.	$377,791

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

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