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Sold

$322,211

•

1.5 ba

•

1,864

sq ft

5001 Melbourne Rd, Indianapolis, IN 46228

About this home

Welcome to Unique and Beautiful Melbourne place!Home is best value at almost 20,000 under appraisal.Vaulted ceilings accent the family rm w/fireplace & berber carpet.Large eat-in kitchen w/center island & golden hardwoo d floors matching the beautiful oak cabinets.Large Mastersuite w/vaulted ceilings & private mastrbath.Fenced in backyard & playset to stay.Home has many upgrades including extra long covered porch & plant shelves.poss@cl osing.A must see!*reduced to sell.

Single-familyProperty Type

1994Year Built

8,756 sq ftLot Size

$173Est. Price/Sq.Ft.

2 car garageParking

Source:Public Records

Redfin Estimate

$322,211

$170K since last sold$0 since October

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 1.9% higher than the average sale price ($316K) of 6 comparable homes.

SOLD SEP 30, 2026
$340,000
A
4 beds2.5 baths2,042 sq ft
4809 Melbourne Rd, Indianapolis, IN 46228
SOLD OCT 1, 2026
$319,999
B
3 beds2.5 baths1,809 sq ft
4319 Ansar Ln, Indianapolis, IN 46254
SOLD JUL 14, 2026
$248,000
C
3 beds2.5 baths1,668 sq ft
5304 Alameda Rd, Indianapolis, IN 46228
SOLD JUL 6, 2026
$258,000
D
3 beds2.5 baths1,668 sq ft
3445 W 53rd St, Indianapolis, IN 46228
SOLD JUN 4, 2026
$345,900
E
4 beds2.5 baths2,187 sq ft
4901 Katelyn Dr, Indianapolis, IN 46228
SOLD OCT 14, 2026
$385,000
F
3 beds2 baths3,196 sq ft
3644 Katelyn Way, Indianapolis, IN 46228

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Earn from this home

Sell

$301,631

Est. take-home

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Rent

$1,899/mo

Redfin rental estimate

List your home for rent

Market trends in 46228, IN

Last updated October 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

98.6%

0.4% MoM

Median sale price

$277K

$2K MoM

Avg. days on market

15d

2 days MoM

Recently sold homes

7 MoM

New listings for sale

$430,000
5 beds3 baths3,840 sq ft
2625 Blue Grass Dr, Indianapolis, IN 46228
$429,700
4 beds2.5 baths3,254 sq ft
4029 Roland Rd, Indianapolis, IN 46228
$269,900
4 beds1.5 baths1,748 sq ft
5745 N Alton Ave, Indianapolis, IN 46228
$359,900
4 beds2.5 baths2,468 sq ft
3639 Shepperton Blvd, Indianapolis, IN 46228
3D WALKTHROUGH
$324,900
4 beds2.5 baths2,232 sq ft
4922 Melbourne Rd, Indianapolis, IN 46228
$377,150
4 beds3.5 baths2,963 sq ft
5861 Dapple Trce, Indianapolis, IN 46228
$275,000
3 beds2.5 baths2,203 sq ft
3321 W 39th St, Indianapolis, IN 46228
$320,000
4 beds2.5 baths2,508 sq ft
5705 N Alton Ave, Indianapolis, IN 46228
$249,000
4 beds2 baths1,847 sq ft
3232 W 56th St, Indianapolis, IN 46228
3D WALKTHROUGH
$320,000
4 beds2.5 baths2,370 sq ft
4839 Alameda Rd, Indianapolis, IN 46228
See all

Provided by Redfin

Sale history for 5001 Melbourne Rd

Date

Event

Price

MIBOR as Distributed by MLS Grid #2624312

Apr 17, 2006

Listed

$154,899

$83/sq ft

MIBOR as Distributed by MLS Grid #2505570

Aug 31, 2005

Listing Removed

—

Jan 31, 2005

Listed

$159,500

$86/sq ft

MIBOR as Distributed by MLS Grid #2462304

Feb 8, 2005

Listing Removed

—

Nov 8, 2004

Listed

$167,500

$90/sq ft

MIBOR as Distributed by MLS Grid #2438705

Oct 21, 2004

Listing Removed

—

Jul 9, 2004

Listed

$169,900

$91/sq ft

MIBOR as Distributed by MLS Grid #2436096

Oct 21, 2004

Listing Removed

—

Jun 26, 2004

Listed

$182,500

$98/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$3,393 (−1.2%)

$44,500 + $276,400

$320,900

2024

$3,433 (−2.9%)

$44,500 + $252,500

$297,000

2023

$3,535 (+40.0%)

$44,500 + $252,500

$297,000

2022

$2,524 (+13.2%)

$44,500 + $300,200

$344,700

2021

$2,230 (+9.5%)

$20,800 + $193,800

$214,600

2020

$2,037 (−0.2%)

$20,800 + $193,800

$214,600

2019

$2,042 (+12.3%)

$20,800 + $174,700

$195,500

2018

$1,818 (+4.7%)

$20,800 + $175,300

$196,100

2017

$1,737 (+0.8%)

$20,800 + $145,200

$166,000

2016

$1,723 (+8.7%)

$20,800 + $145,200

$166,000

2015

$1,585 (+0.9%)

$20,800 + $144,000

$164,800

2014

$1,571 (+4.5%)

$20,800 + $137,700

$158,500

2013

$1,503

$20,800 + $136,300

$157,100

Tax history for 5001 Melbourne Rd

Year

Property tax

Land + Additions

Assessment*

2025

$3,393 (−1.2%)

$44,500 + $276,400

$320,900

2024

$3,433 (−2.9%)

$44,500 + $252,500

$297,000

2023

$3,535 (+40.0%)

$44,500 + $252,500

$297,000

2022

$2,524 (+13.2%)

$44,500 + $300,200

$344,700

2021

$2,230 (+9.5%)

$20,800 + $193,800

$214,600

2020

$2,037 (−0.2%)

$20,800 + $193,800

$214,600

2019

$2,042 (+12.3%)

$20,800 + $174,700

$195,500

2018

$1,818 (+4.7%)

$20,800 + $175,300

$196,100

2017

$1,737 (+0.8%)

$20,800 + $145,200

$166,000

2016

$1,723 (+8.7%)

$20,800 + $145,200

$166,000

2015

$1,585 (+0.9%)

$20,800 + $144,000

$164,800

2014

$1,571 (+4.5%)

$20,800 + $137,700

$158,500

2013

$1,503

$20,800 + $136,300

$157,100

*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

64 ft.

Lot depth

137 ft.

Lot size

8,756 Sq. Ft.

Year renovated

1994

Sq. Ft.

1,864

Year built

1994

Style

Single Family Residential

County

Marion County

APN

490608114078000600

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 19, 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

Around this home

Schools

K - 12
Preschool & daycare

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

$307,000 – $371,000

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4922 Melbourne Rd, Indianapolis, IN 46228

Deep double lot • Wooded backyard • Eat in kitchen

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Home values near 5001 Melbourne Rd

Data from public records.

Address	Redfin Estimate
4925 Melbourne Rd, Indianapolis, IN 4 Beds \| 2.5 Baths \| 2414 Sq. Ft.	$360,635
5018 Melbourne Rd, Indianapolis, IN 4 Beds \| 2.5 Baths \| 2208 Sq. Ft.	$381,606
4921 Melbourne Rd, Indianapolis, IN 3 Beds \| 2.5 Baths \| 1864 Sq. Ft.	$316,572
5013 Melbourne Rd, Indianapolis, IN 3 Beds \| 2.5 Baths \| 1904 Sq. Ft.	$322,731
5002 Melbourne Rd, Indianapolis, IN 3 Beds \| 2.5 Baths \| 1904 Sq. Ft.	$247,914
4922 Melbourne Rd, Indianapolis, IN 4 Beds \| 2.5 Baths \| 2232 Sq. Ft.	—
5020 Manning Rd, Indianapolis, IN 3 Beds \| - Baths \| 1670 Sq. Ft.	$241,945

Address	Redfin Estimate
4913 Melbourne Rd, Indianapolis, IN 4 Beds \| 2.5 Baths \| 2250 Sq. Ft.	$343,622
5010 Melbourne Rd, Indianapolis, IN 4 Beds \| 2.5 Baths \| 2388 Sq. Ft.	$377,342
4917 Melbourne Rd, Indianapolis, IN 3 Beds \| 2.5 Baths \| 2040 Sq. Ft.	$331,580
5014 Melbourne Rd, Indianapolis, IN 4 Beds \| 2.5 Baths \| 2414 Sq. Ft.	$358,207
4918 Melbourne Rd, Indianapolis, IN 4 Beds \| 1.5 Baths \| 2250 Sq. Ft.	$318,801
5005 Melbourne Rd, Indianapolis, IN 4 Beds \| 2.5 Baths \| 2500 Sq. Ft.	$346,286
4920 Manning Rd, Indianapolis, IN 3 Beds \| 2 Baths \| 1593 Sq. Ft.	$303,085

Address	Redfin Estimate
5009 Melbourne Rd, Indianapolis, IN 4 Beds \| 1.5 Baths \| 2114 Sq. Ft.	$345,557
5021 Melbourne Rd, Indianapolis, IN 3 Beds \| 2.5 Baths \| 2232 Sq. Ft.	$352,353
5006 Melbourne Rd, Indianapolis, IN 3 Beds \| 1.5 Baths \| 2124 Sq. Ft.	$336,661
4926 Melbourne Rd, Indianapolis, IN 4 Beds \| 2.5 Baths \| 2393 Sq. Ft.	$389,191
5017 Melbourne Rd, Indianapolis, IN 3 Beds \| 1.5 Baths \| 2135 Sq. Ft.	$319,075
3434 West 50th St, Indianapolis, IN 3 Beds \| - Baths \| 1152 Sq. Ft.	$228,542
4928 Manning Rd, Indianapolis, IN 3 Beds \| 3 Baths \| 2121 Sq. Ft.	$307,580

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