Welcome to your slice of at home pie in this character filled two-story w/ large .48 lot, plenty of lawn space, mature trees, sunset views in west facing back patio, neat architectural accents, charming covered porch, UPDATED interior in on-point color & quality selections from lighting, flooring, windows, wall paint, cabinets, counters, modern wainscoting in upstairs hall & more. Rear yard fenced. Area amenities & highway a short commute - enjoy Starbucks, Walmart, Shopping, 465, Restaurants.
Unbelievable Home Under $150k. HOME HAS JUST BEEN COMPLETELY RENOVATED TOP TO BOTTOM. NEW EVERYTHING, 4-Bed Rooms, 2.5 Baths, NEW windows, NEW Gourmet Kitchen w/ Granite Tops, New Stainless Steel Appliances, Amazing Laminate flooring. Top quality finishing. Enjoy the rear patio overlooking the half acre private gated yard surrounded by mature trees. Separate laundry room. Main floor master on-suite. This home is conveniently located near shopping, dining, and easy interstate access.
MIBOR as Distributed by MLS Grid #21355267
Jun 5, 2015
Listing Removed
—
May 22, 2015
Listed
$199,999
$77/sq ft
MIBOR as Distributed by MLS Grid #21282962
Nov 25, 2014
Listing Removed
—
Mar 31, 2014
Listed
$129,000
$50/sq ft
MIBOR as Distributed by MLS Grid #21260948
Jun 1, 2014
Listing Removed
—
Oct 15, 2013
Listed
$123,900
$48/sq ft
MIBOR as Distributed by MLS Grid #21244133
Oct 8, 2013
Listing Removed
—
Jul 12, 2013
Listed
$126,900
$49/sq ft
MIBOR as Distributed by MLS Grid #21183600
Dec 1, 2012
Listing Removed
—
Jun 24, 2012
Listed
$119,700
$46/sq ft
MIBOR as Distributed by MLS Grid #2827613
Nov 8, 2008
Listing Removed
—
May 8, 2008
Listed
$139,900
$54/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$3,451 (−15.2%)
$18,800 + $260,900
$279,700
2024
$4,070 (+2.0%)
$18,800 + $284,500
$303,300
2023
$3,989 (+10.5%)
$18,800 + $284,500
$303,300
2022
$3,611 (+19.2%)
$18,800 + $281,700
$300,500
2021
$3,031
$18,800 + $204,800
$223,600
2020
$3,029 (+6.1%)
$18,800 + $204,800
$223,600
2019
$2,854 (+16.4%)
$18,800 + $203,700
$222,500
2018
$2,452 (+4.9%)
$16,000 + $193,100
$209,100
2017
$2,337 (+9.9%)
$16,000 + $157,000
$173,000
2016
$2,127 (+75.8%)
$16,000 + $157,000
$173,000
2015
$1,210 (−55.4%)
$16,000 + $142,000
$158,000
2014
$2,716 (−0.3%)
$16,000 + $91,800
$107,800
2013
$2,723
$16,000 + $96,000
$112,000
Tax history for 5640 Gray Rd
Year
Property tax
Land + Additions
Assessment*
2025
$3,451 (−15.2%)
$18,800 + $260,900
$279,700
2024
$4,070 (+2.0%)
$18,800 + $284,500
$303,300
2023
$3,989 (+10.5%)
$18,800 + $284,500
$303,300
2022
$3,611 (+19.2%)
$18,800 + $281,700
$300,500
2021
$3,031
$18,800 + $204,800
$223,600
2020
$3,029 (+6.1%)
$18,800 + $204,800
$223,600
2019
$2,854 (+16.4%)
$18,800 + $203,700
$222,500
2018
$2,452 (+4.9%)
$16,000 + $193,100
$209,100
2017
$2,337 (+9.9%)
$16,000 + $157,000
$173,000
2016
$2,127 (+75.8%)
$16,000 + $157,000
$173,000
2015
$1,210 (−55.4%)
$16,000 + $142,000
$158,000
2014
$2,716 (−0.3%)
$16,000 + $91,800
$107,800
2013
$2,723
$16,000 + $96,000
$112,000
*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
—
Stories
—
Lot width
—
Lot depth
—
Lot size
0.5 Acres
Year renovated
1990
Sq. Ft.
2,584
Year built
1925
Style
Single Family Residential
County
Marion County
APN
491504125005000500
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 29, 2026.
D3
METRO
Dwelling District Three
The D-3 District provides for low or medium intensity residential development. Land in this District should have good thoroughfare access, be relatively flat in topography, and be afforded pedestrian linkages to community and neighborhood services and facilities (schools, parks, shopping areas, etc.). Recreational facilities developed for the neighborhood complement the treed yards on the individual lots. Predominantly single-family detached dwellings are envisioned with two-family dwellings on corner lots in this District. The D-3 District has a typical density of 2.6 units per gross acre. This District fulfills the low density residential classification of the Comprehensive General Land Use Plan. All public utilities and 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 considerations, 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
Housing-Mobile home park
Park & open space
Aug 19, 2025 • Active
Improvement location permit-1-2 family
ADU
Aug 19, 2025 • Active
Structural - one or two family
New construction
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
Public facts
Beds: —
Baths: —
Sq. Ft.: 2,584
Stories: —
Lot Size: 0.5 acres
Style: Single Family Residential
Year Built: 1925
Year Renovated: 1990
County: Marion County
APN: 491504125005000500
Home facts updated by county records on Jul 29, 2026
Around this home
Schools
Jeremiah Gray Kindergarten
Public K-1 • Assigned • 0.5mi
Southport 6th Grade Academy
Public 6 • Assigned • 1.2mi
4/10
Southport High School
Public 9-12 • Assigned • 2.6mi
5/10
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 102° expected this year, 19 days in 30 years
2/10 Wind Factor
1% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Indianapolis, IN • 46237
Average low and high temperatures (°F)
32
17
42
26
61
39
69
48
72
53
83
65
88
70
84
63
82
59
71
47
54
38
42
28
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
$303,000 – $366,000
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