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3535 Mechanicsburg Dr

Indianapolis, IN 46227

4 bd 2 ba 1,498 sqft Built 1998 Lot 6,534 sqft single_family
Most recent sale
$298,062
Sep 27, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Sep 27, 2022 Sold $298,062 Public Record
Aug 18, 2022 Listed $245,000 MLS #21877393
Jun 8, 2017 Sold $146,500 Public Record
Apr 15, 2017 Listed $137,500 MLS #21478757
Apr 5, 2008 Sold $145,875 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $239,900 $27,700 $267,600 $3,223
2024 $215,900 $27,700 $243,600 $3,192
2023 $202,800 $27,700 $230,500 $2,987
2022 $138,100 $27,700 $165,800 $2,704
2021 $138,100 $27,700 $165,800 $2,191
2020 $123,000 $27,700 $150,700 $1,991
2019 $116,400 $20,900 $137,300 $1,797
2018 $108,700 $20,900 $129,600 $1,662
2017 $104,400 $20,900 $125,300 $1,570
2016 $97,800 $20,900 $118,700 $1,459
2015 $97,000 $20,900 $117,900 $1,316
2014 $92,300 $20,900 $113,200 $1,168
2013 $91,300 $20,900 $112,200 $1,234
2012 $92,400 $20,900 $113,300 $1,212
2011 $82,500 $23,600 $106,100 $921
2010 $82,500 $23,600 $106,100 $727
2008 $82,500 $23,600 $106,100 $914
2006 $88,000 $23,600 $111,600 $1,416

Property facts

Year built
1998
Property type
single_family
Stories
1
Beds
4
Baths
2
Living area
1,498 sqft
Lot size
6,534 sqft
ZIP code
46227
City
Indianapolis
Street
Mechanicsburg Dr
Coordinates
39.64330, -86.10515

Comparable properties nearby

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$2,247
Gross rental yield
9.05%
Implied cap rate
5.88%
Trend-extrapolated value

Frequently asked questions

When did 3535 Mechanicsburg Dr last sell?
3535 Mechanicsburg Dr most recently sold on Sep 27, 2022 for $298,062.
What is the current tax assessment for 3535 Mechanicsburg Dr?
The most recent total assessment for 3535 Mechanicsburg Dr (year 2025) is $267,600 with $3,223 in property tax.
How does 3535 Mechanicsburg Dr's assessment compare to its last sale price?
The current assessment is 10.2% below the last sale price of $298,062.
When was 3535 Mechanicsburg Dr built?
3535 Mechanicsburg Dr was built in 1998.
How does 3535 Mechanicsburg Dr compare to others on Mechanicsburg Dr?
We track 8 other properties on Mechanicsburg Dr. Browse the list under "Other properties on Mechanicsburg Dr" to compare beds, baths, and sale history.
What are the property facts for 3535 Mechanicsburg Dr?
3535 Mechanicsburg Dr is a 4 bed, 2 bath, 1,498 sqft, 6,534 sqft lot single_family.
Is 3535 Mechanicsburg Dr a flip candidate?
No — 3535 Mechanicsburg Dr does not appear in our flips dataset.
Is 3535 Mechanicsburg Dr a tax-appeal candidate?
No — 3535 Mechanicsburg Dr is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+0.6%
Implied 1-yr
+2.3%
2026 Q3
$230.5K
2026 Q4
$231.7K
ZIP 46227 — Median Price History + Forecast

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