OFF MARKET

Off Market Jan 2025 for $722K

$733,978

•

3,040

sq ft

7241 Merriam Rd, Indianapolis, IN 46240

About this home

Do not miss this opportunity in sought after Sylvan Ridge, in the heart of Washington Township! This well-maintained spacious 5-bedroom home features an open floor plan with a seamless flow & multiple living spaces. An updated kitchen with tons of natural light & a large island making it perfect for comfortable living and entertaining. The home has been beautifully updated with high-end finishes, including hardwood flooring throughout. The primary suite boasts marble floors & custom cabinetry is a must-see. There is a main floor bedroom & full bathroom. A partially finished basement adds space for leisure or storage. The fully fenced-in backyard features a large paver patio surrounded by tasteful landscaping, providing ample room for outdoor activities and enjoyment. Easy access to shopping, dining, parks, and top-rated schools. If you're looking for a home in a prime location with generous living space and impressive updates - this is the one!

Single-familyProperty Type

1962Year Built

0.53 acresLot Size

$241Est. Price/Sq.Ft.

2 car garageParking

Listed by Mary Wernke • Encore Sotheby's International

Contact: mary.wernke@encoresir.com

Bought with Kelly Todd • Compass Indiana, LLC

Redfin checked: 3 minutes ago

•Source:MIBOR as Distributed by MLS Grid #22015451

Redfin Estimate

$733,978

$12K since sold in January 2025$4,000 since July

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 37.8% higher than the average sale price ($532K) of 6 comparable homes.

SOLD JUN 12, 2026
$519,900
A
4 beds2.5 baths2,624 sq ft
7432 Glenview Dr W, Indianapolis, IN 46250
SOLD JUL 17, 2026
$450,000
B
4 beds2.5 baths2,165 sq ft
3920 E 71st, Indianapolis, IN 46220
SOLD JUL 24, 2026
$760,000
C
5 beds2.5 baths4,227 sq ft
3850 Glenview Dr, Indianapolis, IN 46240
SOLD APR 3, 2026
$670,000
D
4 beds3 baths3,711 sq ft
7254 Merriam Rd, Indianapolis, IN 46240
SOLD JUN 18, 2026
$310,000
E
3 beds2.5 baths3,027 sq ft
7425 Dean Rd, Indianapolis, IN 46240
SOLD SEP 4, 2025
$485,000
F
4 beds3 baths2,940 sq ft
6964 N Olney St, Indianapolis, IN 46220

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Earn from this home

Sell

$127,763

Est. take-home

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Rent

$2,108/mo

Redfin rental estimate

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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

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$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
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See all

Provided by Redfin

Sale history for 7241 Merriam Rd

Date

Event

Price

MIBOR as Distributed by MLS Grid #22015451

Jan 31, 2025

Sold

$722,000

$238/sq ft

Jan 13, 2025

Pending

—

Jan 2, 2025

Listed

$699,900

$230/sq ft

MIBOR as Distributed by MLS Grid #21643398

Jul 9, 2019

Sold

$548,000

$180/sq ft

Jun 9, 2019

Pending

—

May 29, 2019

Listed

$565,000

$186/sq ft

+16

Completely updated 5 bedroom home in Sylvan Ridge. Large kitchen with center island. 3 full baths, all updated, including master bathroom with marble floors and custom cabinetry. Hardwood flooring throughout the entire house. Large lot and backyard including new Paver patio and landscaping. Spacious fenced backyard. Basement features a finished workout area, laundry, and adjoining large storage room with refrigerator and built in shelving. ALL New Windows. Generous living spaces throughout. Great north side location in Washington Township school district.

Year

Property tax

Land + Additions

Assessment*

2025

$8,949 (+1.3%)

$67,400 + $611,100

$678,500

2024

$8,834 (+8.6%)

$67,400 + $566,100

$633,500

2023

$8,131 (−9.9%)

$67,400 + $566,100

$633,500

2022

$9,026 (+19.7%)

$67,400 + $521,400

$588,800

2021

$7,537 (+5.3%)

$32,900 + $506,800

$539,700

2020

$7,161 (+64.7%)

$32,900 + $506,800

$539,700

2019

$4,349 (+7.0%)

$32,900 + $512,500

$545,400

2018

$4,066 (+4.3%)

$31,200 + $324,000

$355,200

2017

$3,897 (+13.0%)

$31,200 + $299,300

$330,500

2016

$3,447 (−2.9%)

$31,200 + $299,300

$330,500

2015

$3,549 (+3.1%)

$31,200 + $282,800

$314,000

2014

$3,442 (−1.6%)

$31,200 + $309,200

$340,400

2013

$3,499

$31,200 + $299,000

$330,200

Tax history for 7241 Merriam Rd

Year

Property tax

Land + Additions

Assessment*

2025

$8,949 (+1.3%)

$67,400 + $611,100

$678,500

2024

$8,834 (+8.6%)

$67,400 + $566,100

$633,500

2023

$8,131 (−9.9%)

$67,400 + $566,100

$633,500

2022

$9,026 (+19.7%)

$67,400 + $521,400

$588,800

2021

$7,537 (+5.3%)

$32,900 + $506,800

$539,700

2020

$7,161 (+64.7%)

$32,900 + $506,800

$539,700

2019

$4,349 (+7.0%)

$32,900 + $512,500

$545,400

2018

$4,066 (+4.3%)

$31,200 + $324,000

$355,200

2017

$3,897 (+13.0%)

$31,200 + $299,300

$330,500

2016

$3,447 (−2.9%)

$31,200 + $299,300

$330,500

2015

$3,549 (+3.1%)

$31,200 + $282,800

$314,000

2014

$3,442 (−1.6%)

$31,200 + $309,200

$340,400

2013

$3,499

$31,200 + $299,000

$330,200

*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

1.5

Lot width

120 ft.

Lot depth

193 ft.

Lot size

0.53 Acres

Year renovated

2008

Sq. Ft.

3,800

Year built

1962

Style

Single Family Residential

County

Marion County

APN

490229114023000800

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 29, 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

Aug 13, 2013 • Active

Heating & cooling permit-1-2 family-replacement

Remove the existing gas furnace, air conditioner, and coil. Install a new gas furnace, air conditioner, and coil.

HVAC

Oct 30, 2012 • Active

Plumbing permit-1-2 family-alteration-remodel

Bathroom

Kitchen

Plumbing

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

Parking

Parking Information
Garage SqFt: 575
Parking Features: Attached
Garage Spaces: 2
Has Garage

Interior

Interior Sq. Ft. Information
Building Area Total: 3040
Living Area: 2508
Main Level Sq. Ft.: 1520
Upper Level Sq. Ft.: 760
Lower/Basement Level Sq. Ft (Finished): 228

Bedroom Information
# of Upper Bedrooms: 4
# of Bedrooms Main: 1
Beds MU: 5
Bedrooms MU: 5

Bathroom Information
# of Full Baths (Total): 3
# of Full Baths (Upper): 2
# of Full Baths (Main): 1
Full Baths MU: 3
Full Bathrooms MU: 3
Primary Bathroom Description: Shower Stall Full,Sinks Double

Room 1 Information
Room Type: Living Room
Room Features: Hardwood
Room Dimensions: 18x14
Room Level: Main

Room 2 Information
Room Type: Family Room
Room Features: Hardwood
Room Dimensions: 25x14.5
Room Level: Main

Room 3 Information
Room Type: Kitchen
Room Features: Hardwood
Room Dimensions: 14x14
Room Level: Main

Room 4 Information
Room Type: Dining Room
Room Features: Hardwood
Room Dimensions: 14x11
Room Level: Main

Room 5 Information
Room Features: Hardwood
Room Dimensions: 15x12
Room Level: Upper

Room 6 Information
Room Type: Bedroom 2
Room Features: Hardwood
Room Dimensions: 20x12.5
Room Level: Upper

Room 7 Information
Room Type: Bedroom 3
Room Features: Hardwood
Room Dimensions: 14x13.5
Room Level: Upper

Room 8 Information
Room Type: Bedroom 4
Room Features: Hardwood
Room Dimensions: 15x11
Room Level: Upper

Room 9 Information
Room Type: Bedroom 5
Room Features: Hardwood
Room Dimensions: 11x14.5
Room Level: Main

Room 10 Information
Room Type: Utility Room
Room Features: Other
Room Dimensions: 16x22
Room Level: Basement

Other Rooms Information
Rooms Upper: 5
Rooms Main: 6
Rooms Basement: 1
# of Rooms: 12

Basement Information
Has Basement
Basement Features: Finished Ceiling

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

Heating & Cooling
Heating Information: Radiant Ceiling, Gas
Cooling Information: Central Electric

Interior Features
Interior Features: Built In Book Shelves, Hardwood Floors, Screens Complete, Window Bay Bow
Appliances: Gas Cooktop, Dishwasher, Down Draft, Dryer, Disposal, Microwave, Oven, Refrigerator, Washer, Gas Water Heater, Water Purifier

Exterior

Building Information
Percent Optional Level Finished: 30

Exterior Features
Fence YN: Yes
Fencing: Fence Full Rear

Farm Information
Horse Amenities: None

Property Information
Other Equipment: Smoke Alarm, Sump Pump w/Backup, Sump Pump Dual
Property Type: Residential
Property Sub Type: Single Family Residence

Land Information
Acres: 1/2-1 Acre

Lot Information
Lot Size Acres: 0.53

Utilities

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

Location

School Information
High School: North Central High School
High School District: MSD Washington Township

Location Information
Directions: GPS Friendly
Tax Legal Description: Graves Sylvan Ridge 2nd Sec L106

Public facts

Beds: 4
Baths: 2.0
Sq. Ft.: 3,800
Stories: 1.5
Lot Size: 0.53 acres
Style: Single Family Residential
Year Built: 1962
Year Renovated: 2008
County: Marion County
APN: 490229114023000800

Home facts updated by county records on Jul 29, 2026

Other

Listing Information
Attribution Contact: mary.wernke@encoresir.com

Green Information
Green Certification YN: No

Home Information
Foundation Details: Poured Concrete
Construction Materials: Brick
Levels: One and One Half

Around this home

Schools

Clearwater Elementary School

Public K-5 • Assigned • 0.7mi

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

$698,000 – $845,000

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Home values near 7241 Merriam Rd

Data from public records.

Address	Redfin Estimate
7244 Merriam Road, Indianapolis, IN 5 Beds \| 4.5 Baths \| 4470 Sq. Ft.	$879,402
7217 Merriam Road, Indianapolis, IN 3 Beds \| 1.5 Baths \| 2037 Sq. Ft.	$397,281

Address	Redfin Estimate
7265 Merriam Road, Indianapolis, IN 5 Beds \| 2.5 Baths \| 3058 Sq. Ft.	$679,088
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
7303 Merriam Road, Indianapolis, IN 4 Beds \| 4.5 Baths \| 4469 Sq. Ft.	$934,157

Property information provided by MIBOR as Distributed by MLS Grid when last listed in 2025. This data may not match . Learn more.

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