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Active
    • Price cut: $5K (6/27)
    $284,900

    5341 Melbourne Rd, Indianapolis, IN 46228

    3beds
    1,776sqft
    Residential, Single Family Residence
    Built in 2000
    5,227 Square Feet Lot
    $-- Zestimate®
    $160/sqft
    $-- HOA

    What's special

    Formal dining areaLarge primary suiteStunning water views throughoutBright breakfast roomSit-up barGarden tubUpdated kitchen
    This beautifully remodeled two-story home sits directly on a spacious pond and offers stunning water views throughout and yard is freshly landscaped. The home features an updated kitchen with brand-new stainless steel appliances, a sit-up bar, and a bright breakfast room. From the breakfast area, step onto a brand-new, oversized wood deck overlooking the pond-perfect for relaxing evenings after a long day. Updates include luxury vinyl plank flooring throughout the main level, new carpet and LVP upstairs, new vanities in all three bathrooms, updated brushed-nickel plumbing and light fixtures, fresh interior and exterior paint, and a brand-new high-efficiency heat pump system. Enter from the garage into a convenient mudroom with access to the remodeled kitchen and the downstairs bath. Enjoy meals in the breakfast room or the formal dining area, which is part of the open living/dining room combination. Upstairs, a spacious family room connects to all three bedrooms. The large primary suite features a vaulted ceiling, walk-in closet, garden tub, and walk-in shower. Additional highlights include six-panel doors throughout and a layout that feels like a brand-new home thanks to extensive updates. The home shows exceptionally well and is conveniently located near I-65 and shopping.
    250 days
    |
    195
    |
    15
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Michael Levin 317-590-0294,

    Zenith Realty & Bus. Advisors

    Source: MIBOR as distributed by MLS GRID,MLS#: 22075363MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 2
      • 1/2 bathrooms: 1
      • Main level bathrooms: 1
      Primary bedroom
      • Level: Upper
      • Area: 270 Square Feet
      • Dimensions: 18x15
      Bedroom 2
      • Level: Upper
      • Area: 108 Square Feet
      • Dimensions: 12x9
      Bedroom 3
      • Level: Upper
      • Area: 90 Square Feet
      • Dimensions: 10x9
      Breakfast room
      • Level: Main
      • Area: 99 Square Feet
      • Dimensions: 11x9
      Dining room
      • Level: Main
      • Area: 143 Square Feet
      • Dimensions: 13x11
      Family room
      • Level: Upper
      • Area: 195 Square Feet
      • Dimensions: 15x13
      Kitchen
      • Level: Main
      • Area: 90 Square Feet
      • Dimensions: 10x9
      Living room
      • Level: Main
      • Area: 255 Square Feet
      • Dimensions: 17x15
      Mud room
      • Level: Main
      • Area: 30 Square Feet
      • Dimensions: 6x5
      Heating
      • Electric, Forced Air, Heat Pump, High Efficiency (90%+ AFUE )
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Disposal, MicroHood, Electric Oven, Refrigerator, Water Heater
      • Laundry: Laundry Closet
      Features
      • Breakfast Bar, Ceiling Fan(s), Eat-in Kitchen, Pantry, Smart Thermostat, Walk-In Closet(s)
      • Windows: Wood Work Painted
      • Has basement: No
      Interior area
      • Total structure area: 1,776
      • Total interior livable area: 1,776 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: Attached, Concrete
      • Attached garage spaces: 2
      • Details: Garage Parking Other(Garage Door Opener)
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Deck
      • Has view: Yes
      • View description: Pond
      • Water view: Pond
      • Waterfront features: Pond, Water View, Waterfront
      Lot
      • Size: 5,227 Square Feet
      • Features: Curbs, Sidewalks, Mature Trees
      Details
      • Parcel number: 490608128053000600
      • Horse amenities: None

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Traditional
      • Property subtype: Residential, Single Family Residence
      Materials
      • Vinyl With Brick
      • Foundation: Slab
      Condition
      • Updated/Remodeled
      • New construction: No
      • Year built: 2000

      Utilities & green energy

      • Electric: 200+ Amp Service
      • Water: Public
      • Utilities for property: Electricity Connected, Sewer Connected, Water Connected

      Community & HOA

      Community
      • Subdivision: Morningside
      HOA
      • Has HOA: No
      Location
      • Region: Indianapolis

      Financial & listing details

      • Price per square foot: $160/sqft
      • Tax assessed value: $254,500
      • Annual tax amount: $2,572
      • Date on market: 12/1/2025
      • Cumulative days on market: 239 days
      • Electric utility on property: Yes

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        6/27/2026Price change$284,900-1.7%$160/sqft
        Source: MIBOR as distributed by MLS GRID #22075363 Report a problem
        5/14/2026Price change$289,900-1.7%$163/sqft
        Source: MIBOR as distributed by MLS GRID #22075363 Report a problem
        3/18/2026Price change$294,900-1.7%$166/sqft
        Source: MIBOR as distributed by MLS GRID #22075363 Report a problem
        1/17/2026Price change$299,900-1.6%$169/sqft
        Source: MIBOR as distributed by MLS GRID #22075363 Report a problem
        1/10/2026Price change$304,900-3.2%$172/sqft
        Source: MIBOR as distributed by MLS GRID #22075363 Report a problem
        12/30/2025Price change$314,900-3.1%$177/sqft
        Source: MIBOR as distributed by MLS GRID #22075363 Report a problem
        12/18/2025Pending sale$324,900$183/sqft
        Source: MIBOR as distributed by MLS GRID #22075363 Report a problem
        12/1/2025Listed for sale$324,900+53.7%$183/sqft
        Source: MIBOR as distributed by MLS GRID #22075363 Report a problem
        10/1/2025Sold$211,433+130.2%$119/sqft
        Source: Public Record Report a problem
        8/18/2005Sold$91,855$52/sqft
        Source: MIBOR as distributed by MLS GRID #2505516 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,572 +12.4%$254,500 +10.7%
        2024$2,288 +10.4%$229,900 +0.5%
        2023$2,072 +36.7%$228,800 +10.4%
        2022$1,516 +3.3%$207,200 +36.7%
        2021$1,468 +15.8%$151,600 +3.3%
        2020$1,268 +19.6%$146,800 +15.8%
        2019$1,060 -3.6%$126,800 +15.4%
        2018$1,100 +5.4%$109,900 -0.6%
        2017$1,043 +14.8%$110,600 +5.1%
        2016$908 +8.4%$105,200 +9.5%
        2014$838 +11.9%$96,100
        2013$749 $96,100 +1.4%
        2012$749 $94,800 -5.1%
        2011-- $99,900 -8.7%
        2010$860 -4.8%$109,400 -4.6%
        2009$903 $114,700 +2.9%
        2007-- $111,500 -4.5%
        2006-- $116,800 +1%
        2004-- $115,700
        2003-- $115,700
        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: Snacks-Guion Creek

        Getting around

        6 / 100
        Car-Dependent
        0 / 100
        No Nearby Transit
        28 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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