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Sold
  • $128,000

    4913 Melrose Ave, Indianapolis, IN 46241

    2beds
    720sqft
    Residential, Single Family Residence
    Built in 1950
    4,791 Square Feet Lot
    $128,400 Zestimate®
    $178/sqft
    $1,274 Estimated rent

    Home value

    $128,400

    $122,000 - $135,000

    $1,274/mo

    Zestimate® history
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    $1,274/mo

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    $1,274/mo

    Rent Zestimate®

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    $854/mo

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    $854/mo

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    What's special

    Covered front porchFully fenced backyard
    Welcome home to this charming 2-bedroom, 1-bath home in Wayne Township! Relax on the covered front porch or enjoy the privacy of the fully fenced backyard, complete with a detached 1-car garage. Inside, you'll find a bright and inviting living room filled with natural light from the large windows, creating a warm and welcoming atmosphere. Both bedrooms are generously sized, and the full bathroom offers convenience and functionality. Major mechanical updates provide added peace of mind, including a new roof and HVAC system (2019), water heater (2024), and sewer clean-out (2024). Whether you're a first-time homebuyer looking for an affordable place to call home or an investor seeking a great rental opportunity, this property is one you won't want to miss!

    Zillow last checked:

    Listing updated:

    Listed by:

    Lora Reynolds 317-496-6291,

    Epique Inc,

    Mairim Cova 954-881-4501,

    Epique Inc

    Bought with:

    Justin Tompkins

    eXp Realty, LLC

    Source: MIBOR as distributed by MLS GRID,MLS#: 22114885MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    • Full bathrooms: 1
    • Main level bathrooms: 1
    • Main level bedrooms: 2
    Bedroom 2
    • Level: Main
    • Area: 110 Square Feet
    • Dimensions: 11x10
    Other
    • Level: Main
    • Area: 120 Square Feet
    • Dimensions: 12x10
    Kitchen
    • Level: Main
    • Area: 168 Square Feet
    • Dimensions: 14x12
    Living room
    • Level: Main
    • Area: 208 Square Feet
    • Dimensions: 16x13
    Heating
    • Forced Air, Electric
    Cooling
    • Central Air
    Appliances
    • Included: Dryer, Electric Water Heater, Electric Oven, Washer
    • Laundry: Main Level
    Features
    • Vaulted Ceiling(s), Eat-in Kitchen
    • Has basement: No
    Interior area
    • Total structure area: 720
    • Total interior livable area: 720 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: Detached
    • Garage spaces: 1
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Covered, Porch
    • Fencing: Fenced,Full
    Lot
    • Size: 4,791 Square Feet
    • Features: Mature Trees
    Details
    • Parcel number: 491118113115000900
    • Horse amenities: None

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Traditional
    • Property subtype: Residential, Single Family Residence
    Materials
    • Vinyl Siding
    • Foundation: Crawl Space
    Condition
    • New construction: No
    • Year built: 1950

    Utilities & green energy

    • Water: Public

    Community & HOA

    Community
    • Subdivision: Drexel Gardens
    HOA
    • Has HOA: No
    Location
    • Region: Indianapolis

    Financial & listing details

    • Price per square foot: $178/sqft
    • Tax assessed value: $127,900
    • Annual tax amount: $1,410
    • Date on market: 7/17/2026
    • Cumulative days on market: 6 days

    Price history

    DateEventPrice
    9/8/2026Sold$128,000+7.1%$178/sqft
    Source: MIBOR as distributed by MLS GRID #22114885 Report a problem
    7/22/2026Pending sale$119,500$166/sqft
    Source: MIBOR as distributed by MLS GRID #22114885 Report a problem
    7/17/2026Listed for sale$119,500+99.2%$166/sqft
    Source: MIBOR as distributed by MLS GRID #22114885 Report a problem
    5/16/2019Sold$60,000$83/sqft
    Source: MIBOR as distributed by MLS GRID #21633409 Report a problem
    4/29/2019Pending sale$60,000$83/sqft
    Source: Indys Choice Real Estate, LLC #21633409 Report a problem
    4/16/2019Listed for sale$60,000+13.2%$83/sqft
    Source: Indys Choice Real Estate, LLC #21633409 Report a problem
    3/30/2016Sold$53,000$74/sqft
    Source: Public Record Report a problem
    1/2/2016Listed for sale$53,000$74/sqft
    Source: Owner Report a problem
    8/4/2015Listing removed$53,000$74/sqft
    Source: Owner Report a problem
    3/19/2015Listed for sale$53,000+211.8%$74/sqft
    Source: Owner Report a problem
    1/18/2012Sold$17,000-5.6%$24/sqft
    Source: MIBOR as distributed by MLS GRID #21151614 Report a problem
    12/2/2011Listed for sale$18,000-14.3%$25/sqft
    Source: Advanced Realty, LLC #21151614 Report a problem
    8/29/2011Sold$21,000-29.8%$29/sqft
    Source: Public Record Report a problem
    3/2/2011Listed for sale$29,900-41.1%$42/sqft
    Source: Reliable Realty,Inc. #2642948 Report a problem
    3/2/2011Listing removed$29
    Source: Reliable Realty,Inc. #2642948 Report a problem
    2/25/2011Listed for rent$29
    Source: Reliable Realty,Inc. #2642948 Report a problem
    12/8/2005Sold$50,804$71/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,136 -3.3%$127,900 +25.6%
    2024$1,174 +8.5%$101,800 -3.4%
    2023$1,082 +36.2%$105,400 +9.2%
    2022$795 +22.3%$96,500 +36.7%
    2021$650 +36.8%$70,600 +22.8%
    2020$475 -56.8%$57,500 +36.9%
    2019$1,100 -2.2%$42,000 -10.3%
    2018$1,125 -15.4%$46,800 +0.6%
    2017$1,330 +2.5%$46,500 -12.9%
    2016$1,297 +19.4%$53,400 -1.7%
    2014$1,086 +3%$54,300
    2013$1,054 $54,300 +3%
    2012$1,054 $52,700 -0.4%
    2011-- $52,900 -1.1%
    2010$1,070 -1.8%$53,500 -1.8%
    2009$1,090 $54,500 -4.4%
    2007-- $57,000 +8.8%
    2005-- $52,400
    2004-- $52,400
    2003-- $52,400
    Find assessor info on the county website

    Neighborhood: Park Fletcher

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $128,400
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    Estimated market value
    $128,400