Sold972d on market
4931 Melrose Ave
Indianapolis, IN, 46241 • Park Fletcher • Marion County
$52,000
$68/sqft
2Beds
1Baths
770Sqft
0.11 acLot
1944Built
Property DNA
Character Home
Built 1944 · 82 years of history
Drexel Gardens
Park Fletcher
2-Car Garage
Detached
Market activity
Demand and pricing signals for this listing
7 views
People checking out this listing
972 days on market
Established listing
$68/sqft
Price per square foot
About this home
Single Family · Built 1944
2 Bedroom, 1 Bath home on a quiet street. Lots of value in this move in ready home, but could use some TLC. Fenced in back yard, carport plus a huge 38x14 garage with bump out workshop. Newer Siding, roof around 5 years old.
Standout features identified
Our analysis highlights bump out workshop, newer siding, and ready home as key attractions of this home.
Estimated monthly payment
Based on current rates
$339/month
Principal & Interest$270
Property Tax$52
Insurance$17
Down payment20% ($10,400)
3%50%
Est. 6.75% rate · 30yr fixed · $41,600 loan
Full calculator →At a glance
Key facts and listing details
TypeResidential, Single Family Residence
Year Built1944
HeatingForced Air
CoolingWall Unit(s)
Parking2 Garage spaces
Lot4,791 sqft
Property
Home typeSingle Family
Sub-typeResidential, Single Family Residence
Year built1944
Stories1
Systems
HeatingForced Air
CoolingWall Unit(s)
ConstructionAluminum Siding
Water / SewerMunicipal/City
Parking & Outdoor
ParkingDetached
Garage2 spaces
Lot4,791 sqft
Location & Tax
NeighborhoodPark Fletcher
Annual tax$446
Parcel491118113131000900
Bathrooms & Fees
Full baths1
Features & details
8 categories of property features
Interior Features
Appliances
Dishwasher
Dryer
Laundry Connection in Unit
Gas Oven
Water Heater
Heating
Forced Air
Cooling
Wall Unit(s)
Laundry
Laundry Connection in Unit
Windows
WoodWorkStain/Painted
Exterior Features
Parking
Detached
Construction
Aluminum Siding
Utilities
Sewer Connected
Water Connected
Room details
5 rooms detailed
Master Bedroom
Main10×12 ft120 sqft
Bedroom2
Main10×11 ft110 sqft
Family Room
Main13×13 ft169 sqft
Kitchen
Main12×9 ft108 sqft
Living Room
Main12×15 ft180 sqft
Listing insights
Market data and value estimates
StatusSold
Days on market972
Est. value$104,000
Est. rent$1,054/mo
Tax rate0.96%
Price/sqft$68
On marketMay 19, 2023
PostedMay 19, 2023
Last sold$52,000
MLS statusSold
MLS updatedAug 15, 2023
Tour days6
Views7
How are the schools in Indianapolis?
3 schools rated nearby
Location
Indianapolis, IN, 46241
Price history
11 events
DateEventPrice$/sqftSource
Aug 11, 2023Sold$52,000$68MIBOR as distributed by MLS GRID
Aug 1, 2023Pending Sale$69,000$90MIBOR as distributed by MLS GRID
Jul 19, 2023Price Change$69,000$90MIBOR as distributed by MLS GRID
Jul 8, 2023Pending Sale$70,000$91MIBOR as distributed by MLS GRID
Jul 3, 2023Price Change$70,000$91MIBOR as distributed by MLS GRID
Jun 29, 2023Listed For Sale$99,000$129MIBOR as distributed by MLS GRID
Jun 27, 2023Pending Sale$99,000$129MIBOR as distributed by MLS GRID
Jun 14, 2023Price Change$99,000$129MIBOR as distributed by MLS GRID
May 19, 2023Listed For Sale$105,000$136MIBOR as distributed by MLS GRID
Oct 10, 2012Sold$25,000$32Public Record
Oct 30, 2002Sold$19,000$25MIBOR as distributed by MLS GRID
Sold$52,000
Aug 11, 2023•$68/sqft•MIBOR as distributed by MLS GRID
Pending Sale$69,000
Aug 1, 2023•$90/sqft•MIBOR as distributed by MLS GRID
Price Change$69,000
Jul 19, 2023•$90/sqft•MIBOR as distributed by MLS GRID
Pending Sale$70,000
Jul 8, 2023•$91/sqft•MIBOR as distributed by MLS GRID
Price Change$70,000
Jul 3, 2023•$91/sqft•MIBOR as distributed by MLS GRID
Listed For Sale$99,000
Jun 29, 2023•$129/sqft•MIBOR as distributed by MLS GRID
Pending Sale$99,000
Jun 27, 2023•$129/sqft•MIBOR as distributed by MLS GRID
Price Change$99,000
Jun 14, 2023•$129/sqft•MIBOR as distributed by MLS GRID
Listed For Sale$105,000
May 19, 2023•$136/sqft•MIBOR as distributed by MLS GRID
Sold$25,000
Oct 10, 2012•$32/sqft•Public Record
Sold$19,000
Oct 30, 2002•$25/sqft•MIBOR as distributed by MLS GRID
Tax history
20 years of records
YearTax paidAssessed value
Apr 10, 2024$601$58,800
Apr 10, 2023$446$93,400
Apr 10, 2022—$85,700
Apr 10, 2021—$48,900
Apr 10, 2020—$40,000
Apr 10, 2019—$40,000
Apr 10, 2018$32$44,500
Apr 10, 2017$75$44,300
Apr 10, 2016$59$50,800
Apr 10, 2014$59$54,900
Apr 10, 2013$59$54,900
Apr 10, 2012—$53,400
Apr 10, 2011—$48,300
Apr 10, 2010—$48,900
Apr 10, 2009—$49,700
Apr 10, 2007—$52,000
Apr 10, 2003—$52,500
Apr 10, 2002—$19,000
Apr 10, 2001—$6,340
Apr 10, 2000—$6,340
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 2026-04-10 08:13:28 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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