Google street view image for 8537 Railroad Rd, Indianapolis, IN 46217

OFF MARKET

$345,207

•

1.5 ba

•

2,246

sq ft

8537 Railroad Rd, Indianapolis, IN 46217

About this home

8537 Railroad Rd is a 2,246 square foot house on a 0.48 acre lot with 3 bedrooms and 1.5 bathrooms. Based on Redfin's Indianapolis data, we estimate the home's value is $345,207.

Single-familyProperty Type

1986Year Built

0.48 acresLot Size

$154Est. Price/Sq.Ft.

3 car garageParking

Source:Public Records

Redfin Estimate

$345,207

$0 since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 3% higher than the average sale price ($335K) of 5 comparable homes.

SOLD MAY 28, 2026
$350,000
A
3 beds2.5 baths2,454 sq ft
8414 Gallant Fox Dr, Indianapolis, IN 46217
SOLD JUL 24, 2026
$338,000
B
4 beds2.5 baths2,255 sq ft
8311 Chateaugay Dr, Indianapolis, IN 46217
SOLD MAY 8, 2026
$480,000
C
3 beds2.5 baths2,634 sq ft
8896 Classic View Dr, Indianapolis, IN 46217
SOLD AUG 5, 2026
$214,900
D
3 beds2.5 baths1,532 sq ft
8809 Country Lane Ct, Indianapolis, IN 46217
SOLD APR 16, 2026
$293,500
E
3 beds2 baths1,861 sq ft
1348 Secretariat Ln, Indianapolis, IN 46217

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Earn from this home

Sell

$323,307

Est. take-home

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Rent

$1,822/mo

Redfin rental estimate

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Market trends in 46217, IN

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

98.7%

+0.0% MoM

Median sale price

$264K

$2K MoM

Avg. days on market

17d

0 days MoM

Recently sold homes

158

9 MoM

New listings for sale

NEW 21 MINS AGO
$319,900
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2924 Coles Creek Ln, Indianapolis, IN 46217
NEW 17 HRS AGO
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542 Silver Fox Ct, Indianapolis, IN 46217
NEW 19 HRS AGO
$530,000
5 beds3.5 baths3,947 sq ft
355 Connecticut Cir, Indianapolis, IN 46217
$239,900
3 beds2 baths1,308 sq ft
8632 Chessie Dr, Indianapolis, IN 46217
OPEN SUN, 1PM TO 3PM
$275,000
3 beds2 baths1,618 sq ft
7214 Moultrie Dr, Indianapolis, IN 46217
3D WALKTHROUGH
$249,900
3 beds2 baths1,252 sq ft
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OPEN SAT, 12PM TO 2PM
$317,500
3 beds3 baths2,075 sq ft
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$284,900
4 beds2 baths1,872 sq ft
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3 beds2 baths1,724 sq ft
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See all

Provided by Redfin

Sale history for 8537 Railroad Rd

Year

Property tax

Land + Additions

Assessment*

2025

$4,160 (−7.4%)

$40,500 + $292,800

$333,300

2024

$4,494 (+7.5%)

$40,500 + $293,200

$333,700

2023

$4,180 (+7.4%)

$40,500 + $293,200

$333,700

2022

$3,893 (+15.4%)

$40,500 + $272,800

$313,300

2021

$3,373 (+10.1%)

$40,500 + $204,200

$244,700

2020

$3,065 (+16.1%)

$40,500 + $204,200

$244,700

2019

$2,640 (+1.9%)

$40,500 + $181,100

$221,600

2018

$2,590

$35,000 + $155,500

$190,500

2017

$2,591 (+3.6%)

$35,000 + $154,100

$189,100

2016

$2,501 (+13.4%)

$35,000 + $154,100

$189,100

2015

$2,205 (+8.9%)

$35,000 + $147,800

$182,800

2014

$2,024 (+1.4%)

$35,000 + $141,500

$176,500

2013

$1,997

$35,000 + $134,200

$169,200

Tax history for 8537 Railroad Rd

Year

Property tax

Land + Additions

Assessment*

2025

$4,160 (−7.4%)

$40,500 + $292,800

$333,300

2024

$4,494 (+7.5%)

$40,500 + $293,200

$333,700

2023

$4,180 (+7.4%)

$40,500 + $293,200

$333,700

2022

$3,893 (+15.4%)

$40,500 + $272,800

$313,300

2021

$3,373 (+10.1%)

$40,500 + $204,200

$244,700

2020

$3,065 (+16.1%)

$40,500 + $204,200

$244,700

2019

$2,640 (+1.9%)

$40,500 + $181,100

$221,600

2018

$2,590

$35,000 + $155,500

$190,500

2017

$2,591 (+3.6%)

$35,000 + $154,100

$189,100

2016

$2,501 (+13.4%)

$35,000 + $154,100

$189,100

2015

$2,205 (+8.9%)

$35,000 + $147,800

$182,800

2014

$2,024 (+1.4%)

$35,000 + $141,500

$176,500

2013

$1,997

$35,000 + $134,200

$169,200

*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

AIRSPACE SECONDARY ZONING DISTRICT

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

Airspace Secondary Zoning District
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

Property details

Interior

Bathroom Information
# of Full Baths: 1
# of 1/2 Baths: 1
# of Bathroom Fixtures: 11

Heating & Cooling
Air Conditioning Type: Central
Heating Type: Heat Pump

Fireplace Information
# of Fireplaces: 1
Fireplace Type: Masonry
Has Fireplace

Room Information
# of Rooms: 9

Exterior

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

Property Information
Subdivision Name: HILL VALLEY ESTATES
Living Sq. Ft: 2,246
Adjusted Gross Sq. Ft: 2,246
Ground Floor Sq. Ft: 1,502
Building Sq. Ft: 3,026
# of Stories: 1.5
Legal Description: HILL VALLEY ESTATES 19TH SEC L805

Parking & Garage Information
# of Parking Spaces: 1
Parking Type: Attached Garage
Garage/Parking Sq. Ft: 780
Garage / Carport Type: Attached

Lot Information
# of Buildings: 1
Land Sq. Ft: 21,039
Legal Lot Number: 805
Municipality Name: PERRY, OUTSIDE
Acres: 0.483
Depth Footage: 162
Front Footage: 130
County Use Description: ONE FAMILY DWLG ON PLAT LOT

Location Information
Parcel Location Influence: Extra Front

Financial

Assessor Information
Assessment Year: 2025

Public facts

Beds: 3
Baths: 1.5
Sq. Ft.: 2,246
Stories: 1.5
Lot Size: 0.48 acres
Style: Single Family Residential
Year Built: 1986
Year Renovated: 1986
County: Marion County
APN: 491423100013000500

Home facts updated by county records on Jul 29, 2026

Around this home

Schools

Perry Meridian 6th Grade Academy

Public 6 • Assigned • 1.0mi

6/10

Perry Meridian High School

Public 9-12 • Assigned • 0.7mi

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 102° expected this year, 19 days in 30 years

2/10 Wind Factor

1% chance of strong winds in next 30 years

2/10 Air Factor

2 unhealthy days expected this year, 2 days in 30 years

Provided by First Street

Historical weather

Indianapolis, IN • 46217

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

90/ 100

Exceptional sunlight

Sunscore

This home receives average direct sun exposure in Indianapolis. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

9.5 hrs

6.1 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$328,000 – $397,000

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7214 Moultrie Dr, Indianapolis, IN 46217

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OPEN SAT, 12PM TO 2PM3D WALKTHROUGH

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Home values near 8537 Railroad Rd

Data from public records.

Address	Redfin Estimate
8441 Railroad Rd, Indianapolis, IN 3 Beds \| 1 Baths \| 1560 Sq. Ft.	$207,586
8533 Zephyr Dr, Indianapolis, IN 3 Beds \| 2 Baths \| 1278 Sq. Ft.	$250,545

Address	Redfin Estimate
839 West Ralston Rd, Indianapolis, IN 4 Beds \| 2.5 Baths \| 2003 Sq. Ft.	$309,079
8521 Zephyr Dr, Indianapolis, IN 3 Beds \| 1 Baths \| 1016 Sq. Ft.	$206,868

Address	Redfin Estimate
917 West Ralston Rd, Indianapolis, IN 4 Beds \| 2.5 Baths \| 3219 Sq. Ft.	$354,746
8546 Zephyr Dr, Indianapolis, IN 3 Beds \| 1 Baths \| 1064 Sq. Ft.	$198,394

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