Sold432d on market
7241 Merriam Rd
Indianapolis, IN, 46240 • Clearwater • Marion County
$722,000
$238/sqft
5Beds
3Baths
3,040Sqft
0.53 acLot
1962Built
Property DNA
Cape Cod,Traditional Style
Built 1962 · 64 years of history
Sylvan Ridge
Clearwater
1 Fireplace
Family Room
2-Car Garage
Attached
Premium Finishes
Hardwood Floors
Hardwood Floors
Quality flooring throughout
This home is in high demand
Listed 432 days ago · 23 views · Top 1% likely to sell soon
Market activity
Demand and pricing signals for this listing
23 views
People checking out this listing
432 days on market
Established listing
$238/sqft
Price per square foot
Selling Soon Prediction
Very HighThis home ranks in the top 1% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
Single Family · Built 1962
Do not miss this opportunity in sought after Sylvan Ridge, in the heart of Washington Township! This well-maintained spacious 5-bedroom home features an open floor plan with a seamless flow & multiple living spaces. An updated kitchen with tons of natural light & a large island making it perfect for comfortable living and entertaining. The home has been beautifully updated with high-end finishes, including hardwood flooring throughout. The primary suite boasts marble floors & custom cabinetry is a must-see. There is a main floor bedroom & full bathroom. A partially finished basement adds space for leisure or storage. The fully fenced-in backyard features a large paver patio surrounded by tasteful landscaping, providing ample room for outdoor activities and enjoyment. Easy access to shopping, dining, parks, and top-rated schools. If you're looking for a home in a prime location with generous living space and impressive updates - this is the one!
Standout features identified
Our analysis highlights partially finished basement, tasteful landscaping, and tons of natural light as key attractions of this home.
Estimated monthly payment
Based on current rates
$4,709/month
Principal & Interest$3,746
Property Tax$722
Insurance$241
Down payment20% ($144,400)
3%50%
Est. 6.75% rate · 30yr fixed · $577,600 loan
Full calculator →At a glance
Key facts and listing details
TypeResidential, Single Family Residence
Year Built1962
HeatingRadiant Ceiling
Parking2 Attached Garage spaces
Lot0.53 Acres
Property
Home typeSingle Family
Sub-typeResidential, Single Family Residence
StyleCape Cod,Traditional
Year built1962
Stories1
Systems
HeatingRadiant Ceiling
ConstructionBrick
Water / SewerMunicipal/City
Parking & Outdoor
ParkingAttached
Garage2 spaces
BasementFinished Ceiling
Fireplaces1
FencingFenced,Fence Full Rear
Lot0.53 Acres
Location & Tax
NeighborhoodClearwater
Annual tax$8,132
Parcel490229114023000800
Bathrooms & Fees
Full baths3
Features & details
8 categories of property features
Interior Features
Interior
Bookcases
Kitchen Island
Hardwood Floors
Appliances
Gas Cooktop
Dishwasher
Down Draft
Dryer
Disposal
Microwave
Oven
Refrigerator
Washer
Gas Water Heater
Water Purifier
Flooring
Hardwood
Heating
Radiant Ceiling
Fireplace
Family Room
Windows
Screens
Window Bay Bow
Exterior Features
Parking
Attached
Construction
Brick
Room details
10 rooms detailed
Master Bedroom
Upper15×12 ft180 sqft
Hardwood
Bedroom2
Upper20×12.5 ft250 sqft
Hardwood
Bedroom3
Upper14×13.5 ft189 sqft
Hardwood
Bedroom4
Upper15×11 ft165 sqft
Hardwood
Bedroom5
Main11×14.5 ft159.5 sqft
Hardwood
Dining Room
Main14×11 ft154 sqft
Hardwood
Listing insights
Market data and value estimates
StatusSold
Days on market432
Est. value$749,700
Est. rent$3,542/mo
Tax rate0.96%
Price/sqft$238
On marketJan 8, 2025
PostedJan 8, 2025
Last sold$722,000
MLS statusSold
MLS updatedJan 31, 2025
Tour days6
Views23
How are the schools in Indianapolis?
3 schools rated nearby
Location
Indianapolis, IN, 46240
Price history
7 events
DateEventPrice$/sqftSource
Jan 31, 2025Sold$722,000$238MIBOR as distributed by MLS GRID
Jan 13, 2025Pending Sale$699,900$230MIBOR as distributed by MLS GRID
Jan 8, 2025Listed For Sale$699,900$230MIBOR as distributed by MLS GRID
Jul 9, 2019Sold$548,000$180MIBOR as distributed by MLS GRID
Jun 10, 2019Pending Sale$565,000$186MIBOR REALTOR Association
Jun 2, 2019Listed For Sale$565,000$186MIBOR REALTOR Association
Oct 10, 2012Sold$335,000$110Public Record
Sold$722,000
Jan 31, 2025•$238/sqft•MIBOR as distributed by MLS GRID
Pending Sale$699,900
Jan 13, 2025•$230/sqft•MIBOR as distributed by MLS GRID
Listed For Sale$699,900
Jan 8, 2025•$230/sqft•MIBOR as distributed by MLS GRID
Sold$548,000
Jul 9, 2019•$180/sqft•MIBOR as distributed by MLS GRID
Pending Sale$565,000
Jun 10, 2019•$186/sqft•MIBOR REALTOR Association
Listed For Sale$565,000
Jun 2, 2019•$186/sqft•MIBOR REALTOR Association
Sold$335,000
Oct 10, 2012•$110/sqft•Public Record
Tax history
23 years of records
YearTax paidAssessed value
Apr 9, 2024$7,987$633,500
Apr 9, 2023$8,886$588,800
Apr 9, 2022$7,401$635,200
Apr 9, 2021$7,028$539,700
Apr 9, 2020$4,219$545,400
Apr 9, 2019$3,940$355,200
Apr 9, 2018$3,807$340,400
Apr 9, 2017$3,447$330,500
Apr 9, 2016$3,550$314,000
Apr 9, 2014$3,442$330,200
Apr 9, 2013$2,288$335,700
Apr 9, 2012$2,288$231,400
Apr 9, 2011—$237,000
Apr 9, 2010$2,209$237,100
Apr 9, 2009$1,989$243,500
Apr 9, 2007—$251,600
Apr 9, 2006—$271,200
Apr 9, 2005—$231,700
Apr 9, 2004—$231,700
Apr 9, 2003—$231,700
Apr 9, 2002—$115,800
Apr 9, 2001—$38,600
Apr 9, 2000—$38,600
Nearby homes
Neighborhood details
Local context around this listing
Indianapolis, IN • Marion County
Nearby neighborhoods
Chapel Hill-Ben DavisDowntownEagledaleEast WarrenFar EastsideGarden CityNear EastsideSnacks-Guion CreekSouth FranklinSouth Perry
Nearby cities
Beech GroveCumberlandIndianapolisLawrenceSouthportSpeedway
Nearby zip codes
46203462174621946220462224622446226462274623746254
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Based on information submitted to the MLS GRID as of 2026-04-09 01:03:11 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
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