Sold267d on marketHistoric · 96 yrs
5209 Melrose Ave
Indianapolis, IN, 46241 • Park Fletcher • Marion County
$135,000
$94/sqft
2Beds
1Baths
1,440Sqft
0.11 acLot
1930Built
Property DNA
Bungalow Style
Built 1930 · 96 years of history
Drexel Gardens
Park Fletcher
Hardwood Floors
Quality flooring throughout
This home is getting attention
Listed 267 days ago · 15 views
Market activity
Demand and pricing signals for this listing
15 views
People checking out this listing
267 days on market
Established listing
$94/sqft
Price per square foot
Selling Soon Prediction
HighThis home ranks in the top 28% 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 1930 · Historic
Come see this 2 Bedrooms and one bonus room. 1 Bath ranch-style is a must-see, priced to this property offers the perfect blend of comfort and convenience. The open floor plan welcomes you with abundant natural light, highlighting the spacious living area. The well-maintained backyard is an entertainer's paradise. Seize the opportunity to make this your forever home. Located near restaurants and stores.
Standout features identified
Our analysis highlights abundant natural light, well-maintained backyard, and open floor plan as key attractions of this home.
Estimated monthly payment
Based on current rates
$886/month
Principal & Interest$706
Property Tax$135
Insurance$45
Down payment20% ($27,000)
3%50%
Est. 6.83% rate · 30yr fixed · $108,000 loan
Full calculator →At a glance
Key facts and listing details
TypeResidential, Single Family Residence
Year Built1930
HeatingNatural Gas
CoolingCentral Air
ParkingNo Data
Lot4,791 sqft
Property
Home typeSingle Family
Sub-typeResidential, Single Family Residence
StyleBungalow
Year built1930
Stories1
Systems
HeatingNatural Gas
CoolingCentral Air
ConstructionOther
Water / SewerPublic
Parking & Outdoor
Lot4,791 sqft
Location & Tax
NeighborhoodPark Fletcher
Annual tax$1,036
Parcel491118113251000900
Bathrooms & Fees
Full baths1
Features & details
6 categories of property features
Interior Features
Interior
Hardwood Floors
Appliances
Other
Flooring
Hardwood
Heating
Natural Gas
Cooling
Central Air
Exterior Features
Construction
Other
Room details
5 rooms detailed
Master Bedroom
Main12×12 ft144 sqft
Bedroom2
Main10×12 ft120 sqft
Bonus Room
Upper10×10 ft100 sqft
Kitchen
Main12×12 ft144 sqft
Living Room
Main12×14 ft168 sqft
Listing insights
Market data and value estimates
StatusSold
Days on market267
Est. value$138,000
Est. rent$1,221/mo
Tax rate0.96%
Price/sqft$94
On marketApr 25, 2025
PostedApr 25, 2025
Last sold$135,000
MLS statusSold
MLS updatedJul 17, 2025
Tour days6
Views15
How are the schools in Indianapolis?
3 schools rated nearby
Location
Indianapolis, IN, 46241
Price history
13 events
DateEventPrice$/sqftSource
Jul 15, 2025Sold$135,000$94MIBOR as distributed by MLS GRID
Jun 17, 2025Pending Sale$139,900$97MIBOR as distributed by MLS GRID
Jun 3, 2025Price Change$139,900$97MIBOR as distributed by MLS GRID
Jun 2, 2025Listed For Sale$149,900$104MIBOR as distributed by MLS GRID
May 15, 2025Pending Sale$149,900$104MIBOR as distributed by MLS GRID
May 8, 2025Price Change$149,900$104MIBOR as distributed by MLS GRID
Apr 25, 2025Listed For Sale$155,000$108MIBOR as distributed by MLS GRID
Apr 3, 2024Listing Removed——MIBOR as distributed by MLS GRID
Mar 4, 2024Price Change$163,800$114MIBOR as distributed by MLS GRID
Feb 14, 2024Price Change$168,800$117MIBOR as distributed by MLS GRID
Feb 9, 2024Listed For Sale$173,900$121MIBOR as distributed by MLS GRID
Aug 28, 2012Sold$5,267$4Public Record
Nov 6, 2007Sold$5,000$3MIBOR as distributed by MLS GRID
Sold$135,000
Jul 15, 2025•$94/sqft•MIBOR as distributed by MLS GRID
Pending Sale$139,900
Jun 17, 2025•$97/sqft•MIBOR as distributed by MLS GRID
Price Change$139,900
Jun 3, 2025•$97/sqft•MIBOR as distributed by MLS GRID
Listed For Sale$149,900
Jun 2, 2025•$104/sqft•MIBOR as distributed by MLS GRID
Pending Sale$149,900
May 15, 2025•$104/sqft•MIBOR as distributed by MLS GRID
Price Change$149,900
May 8, 2025•$104/sqft•MIBOR as distributed by MLS GRID
Listed For Sale$155,000
Apr 25, 2025•$108/sqft•MIBOR as distributed by MLS GRID
Listing Removed—
Apr 3, 2024•MIBOR as distributed by MLS GRID
Price Change$163,800
Mar 4, 2024•$114/sqft•MIBOR as distributed by MLS GRID
Price Change$168,800
Feb 14, 2024•$117/sqft•MIBOR as distributed by MLS GRID
Listed For Sale$173,900
Feb 9, 2024•$121/sqft•MIBOR as distributed by MLS GRID
Sold$5,267
Aug 28, 2012•$4/sqft•Public Record
Sold$5,000
Nov 6, 2007•$3/sqft•MIBOR as distributed by MLS GRID
Tax history
18 years of records
YearTax paidAssessed value
Apr 9, 2024$2,029$84,500
Apr 9, 2023$1,861$85,500
Apr 9, 2022$1,037$78,400
Apr 9, 2021$851$38,400
Apr 9, 2020$851$31,500
Apr 9, 2019$820$31,500
Apr 9, 2018$843$34,900
Apr 9, 2017$1,003$34,500
Apr 9, 2016$959$39,500
Apr 9, 2014$808$40,400
Apr 9, 2013—$40,400
Apr 9, 2012—$39,000
Apr 9, 2011—$56,100
Apr 9, 2010$1,192$56,800
Apr 9, 2009$1,213$57,800
Apr 9, 2007—$60,500
Apr 9, 2006—$51,700
Apr 9, 2005—$53,300
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 09:47:57 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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