OFF MARKET

Off Market Jan 2022 for $325K

$363,171

Est. refi paymentEst. refi $1,327/mo

•

2,287

sq ft

4905 Melbourne Rd, Indianapolis, IN 46228

About this home

This spacious home in a tucked away neighborhood features a recently updated kitchen, including stainless steel appliances, center island, open concept breakfast room/great room. Large window boast with natural light, great room features woodturning fireplace and vaulted ceiling. The fenced in back yard features plenty of room for activities and a deck for entertaining. Easy access to IUPUI, Med Center, Marian University, Art Museum, downtown and much more!

Single-familyProperty Type

1995Year Built

9,313 sq ftLot Size

$159Est. Price/Sq.Ft.

2 car garageParking

Listed by Blake Richardson • Hanza Realty, LLC

Contact: blake@bwrhome.com

Bought with Michael Lutes • Real Broker, LLC

Redfin checked: 2 minutes ago

•Source:MIBOR as Distributed by MLS Grid #21830536

Redfin Estimate

$363,171

$38K since sold in January 2022$1,000 since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 12.3% higher than the average sale price ($323K) of 6 comparable homes.

SOLD JUN 9, 2026
$260,000
A
3 beds2 baths1,782 sq ft
4436 Sunshine Ave, Indianapolis, IN 46228
SOLD JUN 4, 2026
$345,900
B
4 beds2.5 baths2,187 sq ft
4901 Katelyn Dr, Indianapolis, IN 46228
SOLD JAN 23, 2026
$331,000
C
4 beds2.5 baths2,250 sq ft
4805 Melbourne Rd, Indianapolis, IN 46228
SOLD AUG 14, 2026
$375,000
D
4 beds2.5 baths2,961 sq ft
3634 Katelyn Ln, Indianapolis, IN 46228
SOLD OCT 31, 2025
$344,000
E
4 beds2.5 baths2,414 sq ft
5014 Melbourne Rd, Indianapolis, IN 46228
SOLD JUL 21, 2026
$285,000
F
4 beds2.5 baths1,792 sq ft
4746 Rocky Knob Ln, Indianapolis, IN 46254

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Sell

$103,240

Est. take-home

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Refinance

Est. cash available

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Rent

$1,913/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

99.5%

+1.1% MoM

Median sale price

$283K

$3K MoM

Avg. days on market

10d

3 days MoM

Recently sold homes

0 MoM

New listings for sale

$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
$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
$325,000
3 beds2.5 baths1,840 sq ft
3728 Kinnett Ln, Indianapolis, IN 46228
See all

Provided by Redfin

Sale history for 4905 Melbourne Rd

Date

Event

Price

MIBOR as Distributed by MLS Grid #21830536

Jan 19, 2022

Sold

$325,000

$142/sq ft

Dec 31, 2021

Pending

—

Dec 28, 2021

Listed

$299,000

$131/sq ft

MIBOR as Distributed by MLS Grid #21202744

Apr 1, 2013

Listing Removed

—

Mar 29, 2013

Sold

$173,500

$76/sq ft

Oct 29, 2012

Listed

$179,900

$79/sq ft

+19

Wow! This beautifully decorated home,in a quiet tucked away neighborhood, has a recently updated gourmet kitchen including Stainless appliances, center island, new counter tops, lighting and much more. The kitchen is open to the Family Room with woodburning Fireplace; then step outside on the deck & enjoy the fully fenced yard. Office with french doors can be used as a 4th bedroom. New carpet in the LR,DR & up the steps. Easy access to IUPUI, Med Center, Marian Univ, Art Museum and downtown.

MIBOR as Distributed by MLS Grid #2562466

Apr 10, 2006

Listing Removed

—

Oct 10, 2005

Listed

$188,900

$83/sq ft

MIBOR as Distributed by MLS Grid #2604347

Jan 20, 2006

Listed

$177,900

$78/sq ft

Public Records

Oct 9, 2001

Sold

$210,372

$92/sq ft

MIBOR as Distributed by MLS Grid #2137966

Aug 10, 2001

Listed

$169,900

$74/sq ft

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Year

Property tax

Land + Additions

Assessment*

2025

$3,893 (+2.6%)

$46,600 + $316,200

$362,800

2024

$3,793 (−2.8%)

$46,600 + $280,000

$326,600

2023

$3,901 (+39.4%)

$46,600 + $280,000

$326,600

2022

$2,799 (+13.2%)

$46,600 + $332,900

$379,500

2021

$2,472 (+7.1%)

$22,100 + $214,900

$237,000

2020

$2,308 (+2.1%)

$22,100 + $214,900

$237,000

2019

$2,262 (+12.4%)

$22,100 + $198,800

$220,900

2018

$2,012 (+4.4%)

$22,100 + $194,400

$216,500

2017

$1,928 (+0.9%)

$22,100 + $161,500

$183,600

2016

$1,911 (+6.7%)

$22,100 + $161,500

$183,600

2015

$1,791 (+1.9%)

$22,100 + $160,100

$182,200

2014

$1,757 (+4.4%)

$22,100 + $157,000

$179,100

2013

$1,683

$22,100 + $153,600

$175,700

Tax history for 4905 Melbourne Rd

Year

Property tax

Land + Additions

Assessment*

2025

$3,893 (+2.6%)

$46,600 + $316,200

$362,800

2024

$3,793 (−2.8%)

$46,600 + $280,000

$326,600

2023

$3,901 (+39.4%)

$46,600 + $280,000

$326,600

2022

$2,799 (+13.2%)

$46,600 + $332,900

$379,500

2021

$2,472 (+7.1%)

$22,100 + $214,900

$237,000

2020

$2,308 (+2.1%)

$22,100 + $214,900

$237,000

2019

$2,262 (+12.4%)

$22,100 + $198,800

$220,900

2018

$2,012 (+4.4%)

$22,100 + $194,400

$216,500

2017

$1,928 (+0.9%)

$22,100 + $161,500

$183,600

2016

$1,911 (+6.7%)

$22,100 + $161,500

$183,600

2015

$1,791 (+1.9%)

$22,100 + $160,100

$182,200

2014

$1,757 (+4.4%)

$22,100 + $157,000

$179,100

2013

$1,683

$22,100 + $153,600

$175,700

*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

2.5

Stories

Lot width

68 ft.

Lot depth

137 ft.

Lot size

9,313

Year renovated

2022

Sq. Ft.

2,287

Year built

1995

Style

Single Family Residential

County

Marion County

APN

490608114048000600

Parking Spaces

Basement

Accessible

HOA Dues

—

Garage

Yes

Features

—

Last updated by owner on Apr 8, 2022.

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 SqFt: 440
Parking Features: Attached
Garage Spaces: 2
Has Garage

Interior

Interior Sq. Ft. Information
Building Area Total: 2287
Living Area: 2287
Main Level Sq. Ft.: 1334
Upper Level Sq. Ft.: 953

Bedroom Information
# of Upper Bedrooms: 3
# of Bedrooms Main: 1
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 Features: Hardwood
Room Dimensions: 16x16
Room Level: Upper

Room 2 Information
Room Type: Bedroom 3
Room Features: Hardwood
Room Dimensions: 12x11
Room Level: Upper

Room 3 Information
Room Type: Dining Room
Room Features: Carpet
Room Dimensions: 16x11
Room Level: Main

Room 4 Information
Room Type: Kitchen
Room Dimensions: 13x12
Room Level: Main

Room 5 Information
Room Type: Living Room
Room Features: Carpet
Room Dimensions: 16x11
Room Level: Main

Room 6 Information
Room Type: Bedroom 2
Room Features: Hardwood
Room Dimensions: 12x11
Room Level: Upper

Room 7 Information
Room Type: Breakfast Room
Room Features: Hardwood
Room Dimensions: 11x08
Room Level: Main

Room 8 Information
Room Type: Family Room
Room Features: Hardwood
Room Dimensions: 16x16
Room Level: Main

Room 9 Information
Room Features: Other
Room Dimensions: 06x06
Room Level: Main

Room 10 Information
Room Type: Bedroom 4
Room Features: Carpet
Room Dimensions: 13x10
Room Level: Main

Other Rooms Information
Rooms Upper: 3
Rooms Main: 6
Rooms Basement: 0
# of Rooms: 9

Basement Information
Basement Features: Crawl Space

Fireplace Information
# of Fireplaces: 1
Fireplace Features: Family Room

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

Interior Features
Interior Features: Attic Pull Down Stairs, Cathedral Ceiling(s), Tray Ceiling(s), Hardwood Floors, Windows Vinyl, Wood Work Painted
Appliances: Dishwasher, Dryer, Disposal, Microwave, Electric Oven, Refrigerator, Washer, Gas Water Heater, Water Softener Owned

Exterior

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

Land Information
Acres: <1/4 Acre

Lot Information
Lot Size Acres: 0.2138

Utilities

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

Location

School Information
High School District: MSD Pike Township

Location Information
Directions: Kessler Blvd N Drive to 48th st, west to Melbourne Rd, North to home
Tax Legal Description: MORNINGSIDE L17 BLK 21

Public facts

Beds: 4
Baths: 2.5
Sq. Ft.: 2,287
Stories: 2.0
Parking Spaces: 2
Basement: No
Accessible: No
Lot Size: 9,313 square feet
Style: Single Family Residential
Year Built: 1995
Year Renovated: 2022
County: Marion County
APN: 490608114048000600
HOA Dues: —
Garage: Yes
Features: —

Home facts updated by owner on Apr 8, 2022

Other

Listing Information
Attribution Contact: blake@bwrhome.com

Green Information
Green Certification YN: No

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

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 • 2.9mi

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

$346,000 – $418,000

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Home values near 4905 Melbourne Rd

Data from public records.

Address	Redfin Estimate
4925 Melbourne Road, Indianapolis, IN 4 Beds \| 2.5 Baths \| 2414 Sq. Ft.	$358,308
4801 Melbourne Road, Indianapolis, IN 4 Beds \| 2.5 Baths \| 2272 Sq. Ft.	$353,647

Address	Redfin Estimate
4810 Melbourne Road, Indianapolis, IN 4 Beds \| 1.5 Baths \| 2706 Sq. Ft.	$378,349
4910 Melbourne Road, Indianapolis, IN 3 Beds \| 2.5 Baths \| 2494 Sq. Ft.	$384,499

Address	Redfin Estimate
4913 Melbourne Road, Indianapolis, IN 4 Beds \| 2.5 Baths \| 2250 Sq. Ft.	$346,838
4809 Melbourne Road, Indianapolis, IN 4 Beds \| 2.5 Baths \| 2042 Sq. Ft.	—

Property information provided by MIBOR as Distributed by MLS Grid when last listed in 2021. This data may not show owner updates. Learn more.

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