This home welcomes you the moment you step inside with its fresh updates and easy, comfortable flow. The newly renovated spaces make it simple to picture everyday life here, whether you're relaxing or hosting. If you've been searching for a move-in-ready ranch that feels inviting from the start, this one delivers. Built in 1997, this single-level SFR offers 1,276 square feet with a brick-and-vinyl exterior and a dependable slab foundation. Inside, you'll find 3 bedrooms and 2 full baths, along with an updated main living area that feels both functional and modern. Fresh finishes throughout give the home a clean, updated feel, and the attached 2-car garage adds convenience and extra storage. With its thoughtful renovations and classic ranch style, this home is ready for its next owner to enjoy.
Sold
$226,000
4038 Gray Arbor Way, Indianapolis, IN 46237
3beds
1,276sqft
Residential, Single Family Residence
Built in 1997
10,454.4 Square Feet Lot
$229,000 Zestimate®
$177/sqft
$1,708 Estimated rent
Home value
$229,000
$213,000 - $245,000
$1,708/mo
Zestimate® history
Owner options
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$1,708/mo
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$1,708/mo
Rent Zestimate®
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$1,465/mo
Est. payment
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$1,465/mo
Est. payment
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Zillow last checked:
Listing updated:
Listing Provided by:
Terry Young 765-335-1905,
Red Bridge Real Estate
Bought with:
Peter Stewart
Keller Williams Indpls Metro N
Source: MIBOR as distributed by MLS GRID,MLS#: 22076064
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 3
Primary bedroom
- Level: Main
- Area: 143 Square Feet
- Dimensions: 13x11
Bedroom 2
- Level: Main
- Area: 90 Square Feet
- Dimensions: 10x9
Bedroom 3
- Level: Main
- Area: 120 Square Feet
- Dimensions: 10x12
Kitchen
- Level: Main
- Area: 130 Square Feet
- Dimensions: 13x10
Laundry
- Features: Other
- Level: Main
- Area: 36 Square Feet
- Dimensions: 6x6
Living room
- Level: Main
- Area: 336 Square Feet
- Dimensions: 14x24
Heating
- Electric, Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Electric Oven, Refrigerator
Features
- Windows: WoodWorkStain/Painted
- Has basement: No
Interior area
- Total structure area: 1,276
- Total interior livable area: 1,276 sqft
Property
Parking
- Total spaces: 2
- Parking features: Attached
- Attached garage spaces: 2
Features
- Levels: One
- Stories: 1
Lot
- Size: 10,454 sqft
Details
- Parcel number: 491509119015000500
- Special conditions: As Is
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Residential, Single Family Residence
Materials
- Brick, Vinyl Siding
- Foundation: Slab
Condition
- New construction: No
- Year built: 1997
Utilities & green energy
- Water: Public
Community & neighborhood
Location
- Region: Indianapolis
- Subdivision: Gray Arbor
Price history
| Date | Event | Price |
|---|---|---|
| 4/1/2026 | Listing removed | $1,699$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/16/2026 | Price change | $1,699-2.9%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/9/2026 | Price change | $1,749-2.8%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/2/2026 | Price change | $1,799-2.8%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/6/2026 | Listed for rent | $1,850$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/22/2026 | Sold | $226,000-1.7%$177/sqft |
Source:  MIBOR as distributed by MLS GRID #22076064 Report a problem | ||
| 12/15/2025 | Pending sale | $230,000$180/sqft |
Source: MIBOR as distributed by MLS GRID #22076064 Report a problem | ||
| 12/8/2025 | Listed for sale | $230,000+114%$180/sqft |
Source: MIBOR as distributed by MLS GRID #22076064 Report a problem | ||
| 9/10/2025 | Sold | $107,500+24.3%$84/sqft |
Source: Public Record Report a problem | ||
| 3/24/2011 | Sold | $86,500$68/sqft |
Source: MIBOR as distributed by MLS GRID #21104981 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,696 +4.3% | $260,000 +21.9% |
| 2024 | $2,586 +4.4% | $213,300 +3.1% |
| 2023 | $2,477 +19.7% | $206,900 +6.8% |
| 2022 | $2,070 +8.2% | $193,800 +19.8% |
| 2021 | $1,913 +8.9% | $161,800 +8.1% |
| 2020 | $1,756 +9.2% | $149,700 +8.6% |
| 2019 | $1,608 +23.8% | $137,800 +7.4% |
| 2018 | $1,299 -7.7% | $128,300 +17.5% |
| 2017 | $1,407 +8% | $109,200 -2.1% |
| 2016 | $1,303 +8.8% | $111,500 +1.2% |
| 2014 | $1,198 -0.7% | $110,200 |
| 2013 | $1,206 | $110,200 +1.7% |
| 2012 | $1,206 | $108,400 -2.4% |
| 2011 | -- | $111,100 |
| 2010 | $1,078 +26.7% | $111,100 |
| 2009 | $851 | $111,100 +3.1% |
| 2007 | -- | $107,800 |
| 2006 | -- | $107,800 |
| 2005 | -- | $107,800 |
| 2004 | -- | $107,800 |
| 2003 | -- | $107,800 +61.4% |
| 2002 | -- | $66,800 +200.1% |
| 2001 | -- | $22,260 |
| 2000 | -- | $22,260 |
Find assessor info on the county website
Neighborhood: South Emerson
Nearby schools
GreatSchools rating
- 7/10Jeremiah Gray-Edison Elementary SchoolGrades: 1-5Distance: 0.9 mi
- 6/10Southport Middle SchoolGrades: 7-8Distance: 1.3 mi
- 4/10Southport High SchoolGrades: 9-12Distance: 2.4 mi
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Estimated market value
$229,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$229,000
- Indiana
- Marion County
- Indianapolis
- 46237
- South Emerson
- 4038 Gray Arbor Way
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