Sold116d on market
4625 Melrose Ave
Indianapolis, IN, 46241 • Stout Field • Marion County
$276,500
$184/sqft
3Beds
2Baths
1,500Sqft
0.43 acLot
2023Built
Property DNA
Ranch Style
Built 2023 · 3 years of history
Drexel Gardens
Stout Field
2-Car Garage
Detached
Hardwood Floors
Quality flooring throughout
Market activity
Demand and pricing signals for this listing
26 views
People checking out this listing
1 saves
Buyers have saved this home
116 days on market
Established listing
$184/sqft
Price per square foot
About this home
Single Family · Built 2023
Welcome to this beautiful new construction 3 bed 2 bath home in the west side of Indianapolis. Starting on the exterior this home has brand new everything! The lot features a huge driveway and large 2 car garage with plenty of workspace & storage. A Spacious backyard with a large deck and a full privacy fence. Property comes with full extra lot with endless building possibilities!!! Heading inside you are welcomed by an open concept floorpan with vaulted ceilings and new LVP throughout home. A beautiful kitchen with a large center island, new cabinets, gold fixtures, and stainless steel appliances. A large laundry room with shelving and tile floors. Off the living room we have three bedrooms and two full bathrooms. The primary suite features a large closet space and the bathroom features a double vanity sink and tile floors. The main bathroom features large modern vanity & tile floors The two additional bedrooms feature high end carpet and spacious closets. Great location nestled in a family friendly neighborhood that's currently being developed for future upside! 10 Min away from downtown & the airport with access to all highways close by. Plenty of local shopping and dining and a short drive to everything else. NO HOA! And for the investors we have a move in ready rental and full extra lot ready to build!!!!
Standout features identified
Our analysis highlights large deck, modern vanity, and full privacy fence as key attractions of this home.
Estimated monthly payment
Based on current rates
$1,732/month
Principal & Interest$1,363
Property Tax$277
Insurance$92
Down payment20% ($55,300)
3%50%
Est. 6.26% rate · 30yr fixed · $221,200 loan
Full calculator →At a glance
Key facts and listing details
TypeResidential, Single Family Residence
Year Built2023
HeatingElectric
CoolingCentral Air
Parking2 Garage spaces
Lot0.43 Acres
Property
Home typeSingle Family
Sub-typeResidential, Single Family Residence
StyleRanch
ConditionNew Construction
Year built2023
Stories1
Systems
HeatingElectric
CoolingCentral Air
ConstructionVinyl Siding
Water / SewerPublic
Parking & Outdoor
ParkingDetached
Garage2 spaces
Lot0.43 Acres
Location & Tax
NeighborhoodStout Field
Annual tax$706
Parcel491118103011000900
Bathrooms & Fees
Full baths2
Features & details
7 categories of property features
Interior Features
Interior
Hardwood Floors
High Speed Internet
Appliances
Dishwasher
Electric Oven
Refrigerator
Flooring
Hardwood
Heating
Electric
Cooling
Central Air
Exterior Features
Parking
Detached
Construction
Vinyl Siding
Room details
7 rooms detailed
Master Bedroom
Main14.2×13 ft184.6 sqft
Bedroom2
Main10.3×11.2 ft115.36 sqft
Bedroom3
Main10.3×11.2 ft115.36 sqft
Dining Room
Main10×14 ft140 sqft
Kitchen
Main14×14 ft196 sqft
Laundry
Main7.7×10 ft77 sqft
Tile-Ceramic
Listing insights
Market data and value estimates
StatusSold
Days on market116
Est. value$278,700
Est. rent$2,004/mo
Tax rate0.96%
Price/sqft$184
On marketAug 12, 2025
PostedAug 12, 2025
Last sold$276,500
MLS statusSold
MLS updatedDec 17, 2025
Tour days6
Views26
Favorites1
How are the schools in Indianapolis?
3 schools rated nearby
Location
Indianapolis, IN, 46241
Price history
9 events
DateEventPrice$/sqftSource
Dec 12, 2025Sold$276,500$184MIBOR as distributed by MLS GRID
Nov 12, 2025Pending Sale$290,000$193MIBOR as distributed by MLS GRID
Oct 30, 2025Price Change$290,000$193MIBOR as distributed by MLS GRID
Oct 6, 2025Price Change$299,000$199MIBOR as distributed by MLS GRID
Sep 22, 2025Price Change$310,000$207MIBOR as distributed by MLS GRID
Aug 29, 2025Price Change$335,000$223MIBOR as distributed by MLS GRID
Aug 12, 2025Listed For Sale$349,999$233MIBOR as distributed by MLS GRID
Oct 14, 2009Sold$11,000$7MIBOR as distributed by MLS GRID
Sep 6, 2009Listed For Sale$21,800$15Advanced Realty, LLC
Sold$276,500
Dec 12, 2025•$184/sqft•MIBOR as distributed by MLS GRID
Pending Sale$290,000
Nov 12, 2025•$193/sqft•MIBOR as distributed by MLS GRID
Price Change$290,000
Oct 30, 2025•$193/sqft•MIBOR as distributed by MLS GRID
Price Change$299,000
Oct 6, 2025•$199/sqft•MIBOR as distributed by MLS GRID
Price Change$310,000
Sep 22, 2025•$207/sqft•MIBOR as distributed by MLS GRID
Price Change$335,000
Aug 29, 2025•$223/sqft•MIBOR as distributed by MLS GRID
Listed For Sale$349,999
Aug 12, 2025•$233/sqft•MIBOR as distributed by MLS GRID
Sold$11,000
Oct 14, 2009•$7/sqft•MIBOR as distributed by MLS GRID
Listed For Sale$21,800
Sep 6, 2009•$15/sqft•Advanced Realty, LLC
Tax history
19 years of records
YearTax paidAssessed value
Apr 8, 2024$706$39,200
Apr 8, 2023$593$77,300
Apr 8, 2022$327$72,100
Apr 8, 2021$255$40,600
Apr 8, 2020$921$34,100
Apr 8, 2019$877$34,100
Apr 8, 2018$897$37,300
Apr 8, 2017$1,079$36,800
Apr 8, 2016$470$41,500
Apr 8, 2014$938$46,900
Apr 8, 2013$1,112$56,900
Apr 8, 2012$1,112$55,600
Apr 8, 2011—$25,400
Apr 8, 2010$1,574$78,700
Apr 8, 2009$1,600$80,000
Apr 8, 2007—$83,500
Apr 8, 2002—$21,000
Apr 8, 2001—$7,000
Apr 8, 2000—$5,400
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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