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Off market
  • $545,900

    533 Mellowood Dr, Indianapolis, IN 46217

    5beds
    6,000sqft
    SingleFamily
    Built in 1967
    0.42 Acres Lot
    $545,900 Zestimate®
    $91/sqft
    $5,133 Estimated rent

    Home value

    $545,900

    $486,000 - $611,000

    $5,133/mo

    Zestimate® history
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    $3,380/mo

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    $3,380/mo

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    What's special

    This magnificent West Hill Valley Estates landmark home, architect designed for the owners and their four children 42 years ago, is truly a rare, one of a kind, custom home. The result offers timeless Old-World elegance and uncompromised luxury throughout this impeccably maintained and updated home. From the moment you step into the spectacular two story Grand Foyer, with sweeping staircase, you realize this home is brilliantly designed and unique. Perfection is the word here, from the flowing gracious floor plan, created for entertaining and comfortable family living, to the exceptional views of the lush landscape and large private backyard oasis. Approx. 6,000 Sq Ft of living space on 3 levels (not including enclosed Sun Porch, detached Workshop and heated garage)! Above is from previous owner. This house has been completely remodeled. All carpet is gone and all floors have been replaced or restored. All bathrooms updated. Multiple walls removed for better flow throughout the house. Kitchen is large with luxury appliances. Laundry room moved to master bedroom and a second laundry room is upstairs in the in-laws quarters. Basement remodeled and waterproofed with bar and large screen TV. Room for game area. New full bathroom in basement. Neighborhood Description Extremely family friendly since it's settled around St. Barnabas Catholic church/school, Perry Meridian High and Middle schools (Only one block to St. Barnabas and the high school). Great community for walkers, cyclists with the large neighborhood streets. And having the high school track, tennis, and sport facilities close by is fantastic. Also conveniently located to 135 and 465 for commuters, 20 mins to Downtown, and 5 -10 mins to Greenwood shopping and restaurants. The best of both worlds...Urban and Suburban without the heavy northside traffic.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 5
    • Full bathrooms: 4
    • 1/2 bathrooms: 1
    Heating
    • Forced air, Heat pump, Gas
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Dryer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Washer
    Features
    • Flooring: Tile, Hardwood, Laminate
    • Basement: Finished
    • Has fireplace: Yes
    • Fireplace features: masonry
    Interior area
    • Total interior livable area: 6,000 sqft

    Property

    Parking
    • Total spaces: 5
    • Parking features: Garage - Attached
    Features
    • Exterior features: Stone
    Lot
    • Size: 0.42 Acres
    Details
    • Parcel number: 491423104003000500

    Construction

    Type & style
    • Home type: SingleFamily
    Materials
    • Stone
    • Foundation: Crawl/Raised
    • Roof: Asphalt
    Condition
    • Year built: 1967

    Community & HOA

    HOA
    • Has HOA: Yes
    • HOA fee: $4 monthly
    Location
    • Region: Indianapolis

    Financial & listing details

    • Price per square foot: $91/sqft
    • Tax assessed value: $540,000
    • Annual tax amount: $7,054

    Price history

    DateEventPrice
    3/24/2021Listing removed--
    Source: Owner Report a problem
    10/15/2011Listing removed$374,900$62/sqft
    Source: Owner Report a problem
    9/30/2011Listed for sale$374,900+47%$62/sqft
    Source: Owner Report a problem
    5/20/2011Sold$255,000-27.1%$43/sqft
    Source: MIBOR as distributed by MLS GRID #21030421 Report a problem
    7/27/2010Price change$350,000-6.6%$58/sqft
    Source: Owner Report a problem
    4/14/2010Listed for sale$374,900$62/sqft
    Source: Owner Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$7,054 +8.1%$540,000 +0.5%
    2024$6,523 +7.9%$537,200 +6.9%
    2023$6,048 +19.6%$502,300 +10.2%
    2022$5,057 +11.1%$455,800 +20.8%
    2021$4,553 +16.4%$377,200 +11.4%
    2020$3,910 +1.9%$338,700 +16.4%
    2019$3,839 -7%$291,000 +0.7%
    2018$4,128 +2.9%$288,900 -5.9%
    2017$4,012 +13.9%$306,900 +6.3%
    2016$3,523 +8.9%$288,800 +9.1%
    2014$3,234 +0.7%$264,700 +1.7%
    2013$3,212 $260,300 -0.3%
    2012$3,212 $261,200 -16.1%
    2011-- $311,400 -4.7%
    2010$6,542 +107.6%$326,800 +4.1%
    2009$3,152 $314,000 -6.8%
    2007-- $337,000 -0.7%
    2006-- $339,400 +18%
    2005-- $287,600
    2004-- $287,600
    2003-- $287,600 +96%
    2002-- $146,700 +200%
    2001-- $48,900
    2000-- $48,900
    Find assessor info on the county website

    Neighborhood: Hill Valley

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: St. Barnabas, grades 1-8 and McArthur Elementary
    • Middle: Perry Meridian M.S.
    • High: Perry Meridian H.S.
    • District: Perry Township in Indianapolis

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $545,900
    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
    $545,900