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Active
    • Price cut: $7.9K (7/18)
    $222,000

    48 Gazebo Dr, Indianapolis, IN 46227

    3beds
    1,159sqft
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    Residential, Single Family Residence
    Built in 2005
    4,356 Square Feet Lot
    $-- Zestimate®
    $192/sqft
    $23/mo HOA

    What's special

    Cozy wood-burning fireplacePatio areaTwo-car attached garageInviting living spacesVaulted ceilingFunctional single-level layout
    Freshly updated and move-in ready, this beautifully refreshed 3-bedroom, 2-bath ranch offers the perfect blend of comfort, style, and convenience in the established Meridian Place community. Recent improvements include brand-new carpet throughout the living room, hallway, bedrooms, and closets, along with new luxury vinyl plank flooring in the foyer, kitchen, and laundry room, creating a clean, modern feel from the moment you step inside. The inviting living room features a vaulted ceiling and cozy wood-burning fireplace, while the adjoining kitchen and dining area provide an ideal layout for both everyday living and entertaining. The spacious primary suite offers a walk-in closet and private full bath, with two additional bedrooms providing flexibility for guests, a home office, or hobbies. Outside, refreshed landscaping enhances the home's curb appeal, while the rear patio offers the perfect place to enjoy your morning coffee or unwind at the end of the day. The manageable backyard provides outdoor space without the upkeep of a larger lot. An attached two-car garage adds convenience and additional storage. Ideally located just minutes from I-465, US-31, shopping, dining, parks, and everyday amenities, this thoughtfully updated home is equally suited for first-time buyers, those looking to downsize, or investors seeking a turnkey rental opportunity. With its recent updates and move-in-ready condition, this is one you won't want to miss-schedule your private showing today.
    140 days
    |
    487
    |
    40
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Isaiah Ullery 765-969-7495,

    Steve Lew Real Estate Group, LLC

    Source: MIBOR as distributed by MLS GRID,MLS#: 22078469MLS Logo

      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: 156 Square Feet
      • Dimensions: 13x12
      Bedroom 2
      • Level: Main
      • Area: 90 Square Feet
      • Dimensions: 10x09
      Bedroom 3
      • Level: Main
      • Area: 100 Square Feet
      • Dimensions: 10x10
      Breakfast room
      • Level: Main
      • Area: 81 Square Feet
      • Dimensions: 09x09
      Kitchen
      • Level: Main
      • Area: 108 Square Feet
      • Dimensions: 12x09
      Living room
      • Level: Main
      • Area: 240 Square Feet
      • Dimensions: 16x15
      Heating
      • Forced Air, Electric
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Electric Water Heater, Disposal, MicroHood, Electric Oven, Refrigerator, Water Heater
      • Laundry: Main Level
      Features
      • Attic Access, Entrance Foyer, Ceiling Fan(s), Eat-in Kitchen, Smart Thermostat, Walk-In Closet(s)
      • Has basement: No
      • Attic: Access Only
      • Number of fireplaces: 1
      • Fireplace features: Living Room, Wood Burning
      Interior area
      • Total structure area: 1,159
      • Total interior livable area: 1,159 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 2
      • Parking features: Attached
      • Attached garage spaces: 2
      • Details: Garage Parking Other(Garage Door Opener)
      Features
      • Levels: One
      • Stories: 1
      • Patio & porch: Covered, Patio
      • Exterior features: Lighting
      • Has view: Yes
      • View description: Neighborhood, Trees/Woods
      Lot
      • Size: 4,356 Square Feet
      • Features: Curbs, Sidewalks, Mature Trees
      Details
      • Parcel number: 491136119041000500
      • Horse amenities: None

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Ranch
      • Property subtype: Residential, Single Family Residence
      Materials
      • Vinyl With Brick
      • Foundation: Slab
      Condition
      • New construction: No
      • Year built: 2005

      Utilities & green energy

      • Water: Public
      • Utilities for property: Electricity Connected, Sewer Connected, Water Connected

      Community & HOA

      Community
      • Security: Smoke Detector(s)
      • Subdivision: Meridian Place
      HOA
      • Has HOA: Yes
      • Services included: Association Home Owners, Entrance Common
      • HOA fee: $270 annually
      • HOA phone: 317-262-4989
      Location
      • Region: Indianapolis

      Financial & listing details

      • Price per square foot: $192/sqft
      • Tax assessed value: $220,300
      • Annual tax amount: $5,254
      • Date on market: 3/5/2026
      • Cumulative days on market: 136 days
      • Electric utility on property: Yes

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/18/2026Price change$222,000-3.4%$192/sqft
        Source: MIBOR as distributed by MLS GRID #22078469 Report a problem
        6/5/2026Price change$229,900-2.2%$198/sqft
        Source: MIBOR as distributed by MLS GRID #22078469 Report a problem
        3/5/2026Listed for sale$235,000+11.9%$203/sqft
        Source: MIBOR as distributed by MLS GRID #22078469 Report a problem
        1/11/2024Listing removed--
        Source: Zillow Rentals Report a problem
        11/15/2023Price change$1,395-3.5%$1/sqft
        Source: Zillow Rentals Report a problem
        10/11/2023Price change$1,445-3.3%$1/sqft
        Source: Zillow Rentals Report a problem
        9/22/2023Price change$1,495-2%$1/sqft
        Source: Zillow Rentals Report a problem
        7/31/2023Price change$1,525+0.7%$1/sqft
        Source: Zillow Rentals Report a problem
        7/24/2023Listed for rent$1,515$1/sqft
        Source: Zillow Rentals Report a problem
        7/15/2022Listing removed--
        Source: Zillow Rental Network Premium Report a problem
        7/8/2022Price change$1,515-0.7%$1/sqft
        Source: Zillow Rental Network Premium Report a problem
        5/27/2022Sold$210,000+16.7%$181/sqft
        Source: MIBOR as distributed by MLS GRID #21854725 Report a problem
        5/27/2022Listed for rent$1,525+53.3%$1/sqft
        Source: Zillow Rental Network Premium Report a problem
        5/16/2022Pending sale$180,000$155/sqft
        Source: MIBOR as distributed by MLS GRID #21854725 Report a problem
        5/12/2022Listed for sale$180,000+78.2%$155/sqft
        Source: MIBOR as distributed by MLS GRID #21854725 Report a problem
        5/17/2018Sold$101,000$87/sqft
        Source: Public Record Report a problem
        7/31/2015Listing removed$995$1/sqft
        Source: Dorfman Property Management Report a problem
        7/14/2015Listed for rent$995$1/sqft
        Source: Dorfman Property Management Report a problem
        12/28/2013Listing removed$995$1/sqft
        Source: Zillow Rental Network Report a problem
        11/6/2013Price change$995+4.7%$1/sqft
        Source: Dorfman Property Management Report a problem
        9/19/2012Price change$950-4.5%$1/sqft
        Source: Dorfman Property Management Report a problem
        9/7/2012Listed for rent$995$1/sqft
        Source: Dorfman Property Management Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$5,254 +6.9%$220,300 +6.7%
        2024$4,913 +6.9%$206,400 +6.8%
        2023$4,595 +28.3%$193,200 +7.5%
        2022$3,581 +7.4%$179,700 +30.2%
        2021$3,334 +7.4%$138,000 +8.1%
        2020$3,105 +6.3%$127,700 +8%
        2019$2,920 +5.9%$118,200 +4.6%
        2018$2,758 +4.4%$113,000 +7.2%
        2017$2,641 +11.2%$105,400 +6.4%
        2016$2,374 +19.4%$99,100 +20.1%
        2014$1,988 +171.5%$82,500
        2013$732 $82,500 -6.4%
        2012$732 $88,100 +11.9%
        2011-- $78,700
        2010$474 -18.6%$78,700 -17.1%
        2009$583 $94,900 -6%
        2007-- $101,000
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: Southdale

        Getting around

        18 / 100
        Car-Dependent
        20 / 100
        Minimal Transit
        46 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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