Google street view image for 7224 Merriam Rd, Indianapolis, IN 46240

OFF MARKET

$509,085

•

1.5 ba

•

2,675

sq ft

7224 Merriam Rd, Indianapolis, IN 46240

About this home

7224 Merriam Rd is a 2,675 square foot house on a 0.39 acre lot with 4 bedrooms and 1.5 bathrooms. Based on Redfin's Indianapolis data, we estimate the home's value is $509,085.

Single-familyProperty Type

1966Year Built

0.39 acresLot Size

$190Est. Price/Sq.Ft.

Source:Public Records

Redfin Estimate

$509,085

$14K since July

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 35% higher than the average sale price ($377K) of 5 comparable homes.

SOLD JUL 24, 2026
$339,000
A
4 beds2 baths1,847 sq ft
6834 N Oxford St, Indianapolis, IN 46220
SOLD AUG 14, 2026
$345,000
B
3 beds2 baths1,649 sq ft
7245 N Dearborn St, Indianapolis, IN 46240
BOUGHT WITH REDFIN AUG 3, 2026
$479,000
C
4 beds2.5 baths3,194 sq ft
3229 E 69th St, Indianapolis, IN 46220
SOLD AUG 3, 2026
$325,000
D
3 beds1.5 baths1,508 sq ft
7237 N Parker Ave, Indianapolis, IN 46240
SOLD MAY 11, 2026
$397,000
E
4 beds2 baths1,940 sq ft
7116 N Oakland Ave, Indianapolis, IN 46240

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Earn from this home

Sell

$477,779

Est. take-home

List your home with Redfin and save $5,091

Rent

$1,702/mo

Redfin rental estimate

List your home for rent

Market trends in 46240, IN

Last updated July 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

99.4%

0.3% MoM

Median sale price

$398K

$2K MoM

Avg. days on market

2 days MoM

Recently sold homes

13 MoM

New listings for sale

OPEN TODAY, 12PM TO 2PM
$425,000
5 beds2.5 baths2,422 sq ft
7345 N Tuxedo St, Indianapolis, IN 46240
OPEN TODAY, 1PM TO 3PM
$865,000
5 beds3.5 baths5,037 sq ft
1501 E 80th St, Indianapolis, IN 46240
OPEN TODAY, 12PM TO 2PM
$249,900
2 beds2.5 baths1,532 sq ft
9545 Longwell Dr, Indianapolis, IN 46240
$640,000
4 beds2.5 baths4,616 sq ft
9235 Crystal Riv, Indianapolis, IN 46240
3D WALKTHROUGH
$700,000
4 beds3 baths3,363 sq ft
3558 Clearwater Cir, Indianapolis, IN 46240
$535,000
5 beds3 baths3,761 sq ft
8889 Cholla Rd, Indianapolis, IN 46240
See all

Provided by Redfin

Sale history for 7224 Merriam Rd

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

Year

Property tax

Land + Additions

Assessment*

2025

$7,011 (+1.8%)

$57,800 + $477,500

$535,300

2024

$6,891 (+10.1%)

$57,800 + $435,700

$493,500

2023

$6,259 (−8.5%)

$57,800 + $435,700

$493,500

2022

$6,839 (+21.0%)

$57,800 + $396,700

$454,500

2021

$5,651 (+6.1%)

$28,300 + $376,200

$404,500

2020

$5,325 (+14.8%)

$28,300 + $376,200

$404,500

2019

$4,638 (+7.1%)

$28,300 + $376,200

$404,500

2018

$4,332 (+4.2%)

$28,300 + $348,300

$376,600

2017

$4,158 (+6.0%)

$28,300 + $322,400

$350,700

2016

$3,924 (−0.6%)

$28,300 + $322,400

$350,700

2015

$3,948 (+3.4%)

$28,300 + $328,000

$356,300

2014

$3,819 (−1.7%)

$28,300 + $349,200

$377,500

2013

$3,885

$28,300 + $337,000

$365,300

Tax history for 7224 Merriam Rd

Year

Property tax

Land + Additions

Assessment*

2025

$7,011 (+1.8%)

$57,800 + $477,500

$535,300

2024

$6,891 (+10.1%)

$57,800 + $435,700

$493,500

2023

$6,259 (−8.5%)

$57,800 + $435,700

$493,500

2022

$6,839 (+21.0%)

$57,800 + $396,700

$454,500

2021

$5,651 (+6.1%)

$28,300 + $376,200

$404,500

2020

$5,325 (+14.8%)

$28,300 + $376,200

$404,500

2019

$4,638 (+7.1%)

$28,300 + $376,200

$404,500

2018

$4,332 (+4.2%)

$28,300 + $348,300

$376,600

2017

$4,158 (+6.0%)

$28,300 + $322,400

$350,700

2016

$3,924 (−0.6%)

$28,300 + $322,400

$350,700

2015

$3,948 (+3.4%)

$28,300 + $328,000

$356,300

2014

$3,819 (−1.7%)

$28,300 + $349,200

$377,500

2013

$3,885

$28,300 + $337,000

$365,300

*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

Property details

Interior

Basement Information
Basement Sq. Ft: 1,120
Basement Type: Partial

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: 11

Exterior

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

Property Information
Subdivision Name: GRAVES SYLVAN RIDGE ADD
Living Sq. Ft: 2,675
Adjusted Gross Sq. Ft: 3,795
Ground Floor Sq. Ft: 1,555
Building Sq. Ft: 4,324
# of Stories: 2
Legal Description: GRAVES SYLVAN RIDGE ADD 2ND SEC 87' OFF S ENDL112 & 13' OFF N END L111

Parking & Garage Information
# of Parking Spaces: 1
Parking Type: Attached Garage
Garage/Parking Sq. Ft: 529
Garage / Carport Type: Attached

Lot Information
# of Buildings: 1
Land Sq. Ft: 17,054
Legal Lot Number: 111
Municipality Name: WASHINGTON,OUTSIDE
Acres: 0.3915
Depth Footage: 196
Front Footage: 102
County Use Description: ONE FAMILY DWLG ON PLAT LOT

Financial

Assessor Information
Assessment Year: 2025

Public facts

Beds: 4
Baths: 1.5
Sq. Ft.: 2,675
Stories: 2.0
Lot Size: 0.39 acres
Style: Single Family Residential
Year Built: 1966
Year Renovated: 1966
County: Marion County
APN: 490229114009000800

Home facts updated by county records on Jul 29, 2026

Around this home

Schools

Clearwater Elementary School

Public K-5 • Assigned • 0.8mi

7/10

Eastwood Middle School

Public 6-8 • Assigned • 1.4mi

9/10

North Central High School

Public 9-12 • Assigned • 2.2mi

6/10

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, 18 days in 30 years

2/10 Wind Factor

1% chance of strong winds in next 30 years

4/10 Air Factor

4 unhealthy days expected this year, 6 days in 30 years

Provided by First Street

Historical weather

Indianapolis, IN • 46240

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 9.8 hours in June and 3.3 hours in December, placing it below the U.S. average for solar exposure.

9.8 hrs

3.3 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$484,000 – $586,000

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New listings for sale in 46240

OPEN TODAY, 12PM TO 2PM3D WALKTHROUGH

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7345 N Tuxedo St, Indianapolis, IN 46240

OPEN TODAY, 1PM TO 3PM

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OPEN TODAY, 12PM TO 2PM

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3D WALKTHROUGH

$700,000

4 beds3 baths3,363 sq ft

3558 Clearwater Cir, Indianapolis, IN 46240

$535,000

5 beds3 baths3,761 sq ft

8889 Cholla Rd, Indianapolis, IN 46240

Home values near 7224 Merriam Rd

Data from public records.

Address	Redfin Estimate
7244 Merriam Road, Indianapolis, IN 5 Beds \| 4.5 Baths \| 4470 Sq. Ft.	$879,402
7229 Merriam Road, Indianapolis, IN 3 Beds \| 1.5 Baths \| 1897 Sq. Ft.	$362,594

Address	Redfin Estimate
7253 Merriam Road, Indianapolis, IN 3 Beds \| 1.5 Baths \| 3149 Sq. Ft.	$629,890
7234 Merriam Road, Indianapolis, IN 4 Beds \| 2.5 Baths \| 2902 Sq. Ft.	$564,874

Address	Redfin Estimate
7217 Merriam Road, Indianapolis, IN 3 Beds \| 1.5 Baths \| 2037 Sq. Ft.	$397,281
7254 Merriam Road, Indianapolis, IN 4 Beds \| 3 Baths \| 3711 Sq. Ft.	$773,993

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