5230 Melrose Ave offers a great opportunity for a first time home buyer or investor looking for convenience in Indianapolis. This updated 2 bedroom home is located just 10 minutes from Downtown with quick access to I 70 and I 465. Featuring updated flooring, a functional layout, detached garage, fenced yard, and a workshop shed with additional storage or hobby space, this home is move in ready with flexibility to fit your lifestyle.
Sold
$139,000
5230 Melrose Ave, Indianapolis, IN 46241
2beds
730sqft
Residential, Single Family Residence
Built in 1949
4,791 Square Feet Lot
$139,100 Zestimate®
$190/sqft
$1,202 Estimated rent
Home value
$139,100
$132,000 - $146,000
$1,202/mo
Zestimate® history
Owner options
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$1,202/mo
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$1,202/mo
Rent Zestimate®
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$918/mo
Est. payment
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$918/mo
Est. payment
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List your homeWhat's special
Fenced yardDetached garageUpdated flooringFunctional layout
Zillow last checked:
Listing updated:
Listed by:
Kendell Bonner Jr. 719-308-7372,
The Stewart Home Group
Bought with:
Dennis Soriano
eXp Realty, LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22101329
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: 80 Square Feet
- Dimensions: 10x8
Bedroom 2
- Level: Main
- Area: 120 Square Feet
- Dimensions: 12x10
Kitchen
- Features: Tile-Ceramic
- Level: Main
- Area: 168 Square Feet
- Dimensions: 14x12
Laundry
- Features: Tile-Ceramic
- Level: Main
- Area: 72 Square Feet
- Dimensions: 12x6
Living room
- Level: Main
- Area: 120 Square Feet
- Dimensions: 12x10
Heating
- Electric
Cooling
- Central Air
Appliances
- Included: Microwave
- Laundry: Laundry Room
Features
- Attic Access
- Has basement: No
- Attic: Access Only
Interior area
- Total structure area: 730
- Total interior livable area: 730 sqft
Property
Parking
- Total spaces: 2
- Parking features: Detached
- Garage spaces: 2
Features
- Levels: One
- Stories: 1
- Exterior features: Fire Pit
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 4,791 Square Feet
Details
- Additional structures: Storage
- Parcel number: 491118113027000900
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Residential, Single Family Residence
Materials
- Vinyl Siding
- Foundation: Crawl Space
Condition
- New construction: No
- Year built: 1949
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: $190/sqft
- Tax assessed value: $91,700
- Annual tax amount: $700
- Date on market: 5/12/2026
- Cumulative days on market: 4 days
Price history
| Date | Event | Price |
|---|---|---|
| 6/29/2026 | Sold | $139,000+3%$190/sqft |
Source:  MIBOR as distributed by MLS GRID #22101329 Report a problem | ||
| 5/14/2026 | Pending sale | $135,000$185/sqft |
Source: MIBOR as distributed by MLS GRID #22101329 Report a problem | ||
| 5/12/2026 | Listed for sale | $135,000$185/sqft |
Source: MIBOR as distributed by MLS GRID #22101329 Report a problem | ||
| 5/8/2026 | Listing removed | -- |
Source: Owner Report a problem | ||
| 5/7/2026 | Listed for sale | $135,000+230.1%$185/sqft |
Source: Owner Report a problem | ||
| 1/18/2019 | Sold | $40,900$56/sqft |
Source: MIBOR as distributed by MLS GRID #21551969 Report a problem | ||
| 11/21/2018 | Pending sale | $40,900$56/sqft |
Source: RE/MAX CENTERSTONE #21551969 Report a problem | ||
| 8/15/2018 | Price change | $40,900-2.6%$56/sqft |
Source: RE/MAX CENTERSTONE #21551969 Report a problem | ||
| 6/26/2018 | Price change | $42,000-2.3%$58/sqft |
Source: RE/MAX CENTERSTONE #21551969 Report a problem | ||
| 6/2/2018 | Price change | $43,000-4.2%$59/sqft |
Source: RE/MAX CENTERSTONE #21551969 Report a problem | ||
| 5/10/2018 | Pending sale | $44,900$62/sqft |
Source: RE/MAX CENTERSTONE #21551969 Report a problem | ||
| 4/30/2018 | Price change | $44,900-0.2%$62/sqft |
Source: RE/MAX CENTERSTONE #21551969 Report a problem | ||
| 3/20/2018 | Price change | $45,000-4.3%$62/sqft |
Source: RE/MAX CENTERSTONE #21551969 Report a problem | ||
| 3/18/2018 | Listed for sale | $47,000$64/sqft |
Source: RE/MAX CENTERSTONE #21551969 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $701 +3.1% | $91,700 +24.6% |
| 2024 | $680 +1.6% | $73,600 -1.1% |
| 2023 | $669 +42% | $74,400 +8.8% |
| 2022 | $471 +22.6% | $68,400 +65.2% |
| 2021 | $384 -4% | $41,400 +22.5% |
| 2020 | $401 -56.6% | $33,800 -4% |
| 2019 | $923 -2.9% | $35,200 -10.2% |
| 2018 | $950 -18.8% | $39,200 +0.5% |
| 2017 | $1,171 +6.2% | $39,000 -13.9% |
| 2016 | $1,102 +20.3% | $45,300 -0.9% |
| 2014 | $916 +1452.5% | $45,700 |
| 2013 | $59 | $45,700 +2.7% |
| 2012 | -- | $44,500 +7.7% |
| 2011 | -- | $41,300 -1.2% |
| 2010 | -- | $41,800 -1.6% |
| 2009 | -- | $42,500 -4.5% |
| 2007 | -- | $44,500 +16.8% |
| 2006 | -- | $38,100 -12.2% |
| 2005 | -- | $43,400 |
| 2004 | -- | $43,400 |
| 2003 | -- | $43,400 +159.9% |
| 2002 | -- | $16,700 +199.8% |
| 2001 | -- | $5,570 |
| 2000 | -- | $5,570 |
Find assessor info on the county website
Neighborhood: Park Fletcher
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Nearby schools
GreatSchools rating
- 4/10Maplewood Elementary SchoolGrades: PK-6Distance: 0.4 mi
- 4/10Lynhurst 7th & 8th Grade CenterGrades: 7-8Distance: 1.1 mi
- 3/10Ben Davis High SchoolGrades: 10-12Distance: 3.7 mi
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Estimated market value
$139,100
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
$139,100
- Indiana
- Marion County
- Indianapolis
- 46241
- Park Fletcher
- 5230 Melrose Ave
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