Google street view image for 4706 Melbourne Rd, Indianapolis, IN 46228

OFF MARKET

$315,914

•

1.5 ba

•

2,252

sq ft

4706 Melbourne Rd, Indianapolis, IN 46228

About this home

4706 Melbourne Rd is a 2,252 square foot house on a 0.34 acre lot with 4 bedrooms and 1.5 bathrooms. Based on Redfin's Indianapolis data, we estimate the home's value is $315,914.

Single-familyProperty Type

1966Year Built

0.34 acresLot Size

$140Est. Price/Sq.Ft.

Source:Public Records

Redfin Estimate

$315,914

$3,000 since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 8.4% higher than the average sale price ($292K) of 6 comparable homes.

SOLD AUG 14, 2026
$337,000
A
3 beds2 baths1,836 sq ft
4917 Manning Rd, Indianapolis, IN 46228
SOLD SEP 14, 2026
$282,000
B
3 beds2 baths1,680 sq ft
4722 N Eden Ct N, Indianapolis, IN 46254
SOLD JUL 2, 2026
$274,000
C
3 beds2 baths1,547 sq ft
4416 Melbourne Rd, Indianapolis, IN 46228
SOLD DEC 12, 2025
$330,000
D
3 beds2 baths1,728 sq ft
4589 Lincoln Rd, Indianapolis, IN 46228
SOLD JUN 30, 2026
$271,000
E
3 beds2 baths1,800 sq ft
4202 Sunshine Ave, Indianapolis, IN 46228
SOLD BY REDFIN APR 17, 2026
$255,000
F
3 beds2 baths1,593 sq ft
4920 Manning Rd, Indianapolis, IN 46228

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Earn from this home

Sell

$295,696

Est. take-home

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Rent

$1,964/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 26 HRS AGO
$255,000
3 beds2 baths1,430 sq ft
4506 Rotterdam Dr, Indianapolis, IN 46228
NEW 28 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 4706 Melbourne Rd

As the MLS and public records start to fill up, we'll list the details here.

Year

Property tax

Land + Additions

Assessment*

2025

$3,677 (−1.8%)

$35,600 + $308,400

$344,000

2024

$3,746 (+15.8%)

$35,600 + $286,900

$322,500

2023

$3,234 (+31.7%)

$35,600 + $286,900

$322,500

2022

$2,455 (+6.9%)

$35,600 + $277,000

$312,600

2021

$2,296 (+4.2%)

$25,500 + $193,800

$219,300

2020

$2,203 (+2.2%)

$25,500 + $193,800

$219,300

2019

$2,155 (+2.3%)

$25,500 + $184,700

$210,200

2018

$2,107 (+13.0%)

$25,500 + $180,200

$205,700

2017

$1,865 (−1.5%)

$25,500 + $150,700

$176,200

2016

$1,894 (+9.9%)

$25,500 + $150,700

$176,200

2015

$1,724 (+5.3%)

$25,500 + $154,000

$179,500

2014

$1,637 (+1.2%)

$25,500 + $146,000

$171,500

2013

$1,618

$25,500 + $137,400

$162,900

Tax history for 4706 Melbourne Rd

Year

Property tax

Land + Additions

Assessment*

2025

$3,677 (−1.8%)

$35,600 + $308,400

$344,000

2024

$3,746 (+15.8%)

$35,600 + $286,900

$322,500

2023

$3,234 (+31.7%)

$35,600 + $286,900

$322,500

2022

$2,455 (+6.9%)

$35,600 + $277,000

$312,600

2021

$2,296 (+4.2%)

$25,500 + $193,800

$219,300

2020

$2,203 (+2.2%)

$25,500 + $193,800

$219,300

2019

$2,155 (+2.3%)

$25,500 + $184,700

$210,200

2018

$2,107 (+13.0%)

$25,500 + $180,200

$205,700

2017

$1,865 (−1.5%)

$25,500 + $150,700

$176,200

2016

$1,894 (+9.9%)

$25,500 + $150,700

$176,200

2015

$1,724 (+5.3%)

$25,500 + $154,000

$179,500

2014

$1,637 (+1.2%)

$25,500 + $146,000

$171,500

2013

$1,618

$25,500 + $137,400

$162,900

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

Zoning and permits

Zoning
Permits

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

Mar 10, 2024 • Final

Heating & cooling - 1-2 family

HVAC

Dec 8, 2020 • Final

Electrical - 1-2 family

Replace the electrical meter base and convert the service from overhead to underground.

Electrical

Electric meter

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

Interior

Bathroom Information
# of Full Baths: 1
# of 1/2 Baths: 1
# of Bathroom Fixtures: 10

Heating & Cooling
Air Conditioning Type: Central
Heating Type: Warm Air

Fireplace Information
# of Fireplaces: 1
Fireplace Type: Masonry
Has Fireplace

Room Information
# of Rooms: 10

Exterior

Exterior Information
Physical Condition: Average
Construction Type: Brick
Building Type: Single Family

Property Information
Subdivision Name: NORTHERN ESTATES SEC 2
Living Sq. Ft: 2,252
Adjusted Gross Sq. Ft: 2,252
Ground Floor Sq. Ft: 1,264
Building Sq. Ft: 2,780
# of Stories: 2
Legal Description: NORTHERN ESTATES SEC 2 L41

Parking & Garage Information
# of Parking Spaces: 1
Parking Type: Attached Garage
Garage/Parking Sq. Ft: 528
Garage / Carport Type: Attached

Lot Information
# of Buildings: 1
Land Sq. Ft: 14,985
Legal Lot Number: 41
Municipality Name: PIKE,OUTSIDE
Acres: 0.344
Depth Footage: 150
Front Footage: 100
County Use Description: ONE FAMILY DWLG ON PLAT LOT

Financial

Assessor Information
Assessment Year: 2025

Public facts

Beds: 4
Baths: 1.5
Sq. Ft.: 2,252
Stories: 2.0
Lot Size: 0.34 acres
Style: Single Family Residential
Year Built: 1966
Year Renovated: 1966
County: Marion County
APN: 490608112025000600

Home facts updated by county records on Jul 29, 2026

Around this home

Schools

Guion Creek Elementary School

Public K-5 • Assigned • 0.7mi

5/10

Guion Creek Middle School

Public 6-8 • Assigned • 0.9mi

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

0% 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

$301,000 – $364,000

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Nearby similar homes

NEW 26 HRS AGO

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New listings for sale in 46228

NEW 26 HRS AGO

$255,000

3 beds2 baths1,430 sq ft

4506 Rotterdam Dr, Indianapolis, IN 46228

NEW 28 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

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3D WALKTHROUGH

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Home values near 4706 Melbourne Rd

Data from public records.

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

Address	Redfin Estimate
4716 Melbourne Rd, Indianapolis, IN 3 Beds \| 2.5 Baths \| 3736 Sq. Ft.	$360,972
4626 Melbourne Rd, Indianapolis, IN 3 Beds \| 2.5 Baths \| 2052 Sq. Ft.	$377,791

Address	Redfin Estimate
4705 Melbourne Rd, Indianapolis, IN 3 Beds \| - Baths \| 1632 Sq. Ft.	$304,307
4616 Melbourne Rd, Indianapolis, IN 4 Beds \| 1.5 Baths \| 2192 Sq. Ft.	$287,397

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