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!
Active
$119,500
4913 Melrose Ave, Indianapolis, IN 46241
2beds
720sqft
Residential, Single Family Residence
Built in 1950
4,791 Square Feet Lot
$-- Zestimate®
$166/sqft
$-- HOA
What's special
Covered front porchFully fenced backyard
- 1 day |
- 136 |
- 12 |
Zillow last checked:
Listing updated:
Listed by:
Lora Reynolds 317-496-6291,
Epique Inc,
Mairim Cova 954-881-4501,
Epique Inc
Source: MIBOR as distributed by MLS GRID,MLS#: 22114885
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Primary bedroom
- Level: Main
- Area: 120 Square Feet
- Dimensions: 12x10
Bedroom 2
- Level: Main
- Area: 110 Square Feet
- Dimensions: 11x10
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
- Eat-in Kitchen
- Has basement: No
Interior area
- Total structure area: 720
- Total interior livable area: 720 sqft
Video & virtual tour
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: $166/sqft
- Tax assessed value: $127,900
- Annual tax amount: $1,410
- Date on market: 7/17/2026
- Cumulative days on market: 3 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/17/2026 | Listed for sale | $119,500+99.2%$166/sqft |
Source:  MIBOR as distributed by MLS GRID #22114885 Report a problem | ||
| 5/16/2019 | Sold | $60,000$83/sqft |
Source: MIBOR as distributed by MLS GRID #21633409 Report a problem | ||
| 4/29/2019 | Pending sale | $60,000$83/sqft |
Source: Indys Choice Real Estate, LLC #21633409 Report a problem | ||
| 4/16/2019 | Listed for sale | $60,000+13.2%$83/sqft |
Source: Indys Choice Real Estate, LLC #21633409 Report a problem | ||
| 3/30/2016 | Sold | $53,000$74/sqft |
Source: Public Record Report a problem | ||
| 1/2/2016 | Listed for sale | $53,000$74/sqft |
Source: Owner Report a problem | ||
| 8/4/2015 | Listing removed | $53,000$74/sqft |
Source: Owner Report a problem | ||
| 3/19/2015 | Listed for sale | $53,000+211.8%$74/sqft |
Source: Owner Report a problem | ||
| 1/18/2012 | Sold | $17,000-5.6%$24/sqft |
Source: MIBOR as distributed by MLS GRID #21151614 Report a problem | ||
| 12/2/2011 | Listed for sale | $18,000-14.3%$25/sqft |
Source: Advanced Realty, LLC #21151614 Report a problem | ||
| 8/29/2011 | Sold | $21,000-29.8%$29/sqft |
Source: Public Record Report a problem | ||
| 3/2/2011 | Listed for sale | $29,900+312.4%$42/sqft |
Source: Reliable Realty,Inc. #2642948 Report a problem | ||
| 3/2/2011 | Listing removed | $29 |
Source: Reliable Realty,Inc. #2642948 Report a problem | ||
| 2/25/2011 | Listed for rent | $29 |
Source: Reliable Realty,Inc. #2642948 Report a problem | ||
| 3/29/2006 | Sold | $7,250-85.7%$10/sqft |
Source: MIBOR as distributed by MLS GRID #2602813 Report a problem | ||
| 12/8/2005 | Sold | $50,804$71/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Park Fletcher
Nearby schools
GreatSchools rating
- 4/10Maplewood Elementary SchoolGrades: PK-6Distance: 0.3 mi
- 4/10Lynhurst 7th & 8th Grade CenterGrades: 7-8Distance: 1 mi
- NABen Davis Ninth Grade CenterGrades: 9Distance: 4 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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