4538 Melbourne Rd
Indianapolis, IN 46228
4 bd 2 ba 1,660 sqft Built 1968 Lot 14,697 sqft single_family
Most recent sale
$188,000
Jun 10, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jan 20, 2023 | Sold | $260,000 | Public Record |
| Jan 12, 2023 | Sold | $260,000 | MIBOR |
| Oct 14, 2022 | Price changed | $266,000 | MLS #21879430 |
| Oct 10, 2022 | Price changed | $274,900 | MLS #21879430 |
| Oct 5, 2022 | Price changed | $279,900 | MLS #21879430 |
| Sep 29, 2022 | Price changed | $289,000 | MLS #21879430 |
| Sep 20, 2022 | Price changed | $299,900 | MLS #21879430 |
| Sep 6, 2022 | Price changed | $309,900 | MLS #21879430 |
| Aug 29, 2022 | Listed | $325,000 | MLS #21879430 |
| Jun 10, 2022 | Sold | $188,000 | Public Record |
| Oct 7, 2010 | Sold | $88,000 | Public Record |
| Sep 15, 2010 | Listing removed | $88,000 | MIBOR |
| Sep 14, 2010 | Price changed | $88,000 | MLS #21020239 |
| Aug 22, 2010 | Relisted | $104,900 | MLS #21020239 |
| Apr 29, 2010 | Listing removed | $104,900 | MIBOR |
| Apr 14, 2010 | Listed | $104,900 | MLS #21020239 |
| Dec 5, 2006 | Sold | $178,486 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $235,500 | $36,200 | $271,700 | $2,898 |
| 2024 | $217,700 | $36,200 | $253,900 | $2,975 |
| 2023 | $166,000 | $36,200 | $202,200 | $2,147 |
| 2022 | $116,300 | $25,900 | $142,200 | $1,636 |
| 2021 | $116,300 | $25,900 | $142,200 | $1,540 |
| 2020 | $110,800 | $25,900 | $136,700 | $1,483 |
| 2019 | $108,100 | $25,900 | $134,000 | $1,453 |
| 2018 | $114,200 | $25,900 | $140,100 | $1,511 |
| 2017 | $97,200 | $25,900 | $123,100 | $1,303 |
| 2016 | $92,300 | $25,900 | $118,200 | $1,223 |
| 2015 | $87,500 | $25,900 | $113,400 | $1,040 |
| 2014 | $88,400 | $25,900 | $114,300 | $1,060 |
| 2013 | $86,400 | $25,900 | $112,300 | $1,032 |
| 2012 | $89,600 | $25,900 | $115,500 | $991 |
| 2011 | $89,400 | $25,000 | $114,400 | $939 |
| 2010 | $94,900 | $25,000 | $119,900 | $969 |
| 2008 | $99,400 | $25,000 | $124,400 | $2,827 |
| 2006 | $103,100 | $25,000 | $128,100 | $2,579 |
Property facts
Year built
1968
Property type
single_family
Stories
1
Beds
4
Baths
2
Living area
1,660 sqft
Lot size
14,697 sqft
ZIP code
46228
City
Indianapolis
Street
Melbourne Rd
Coordinates
39.83724, -86.22099
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,128
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 4538 Melbourne Rd last sell?
4538 Melbourne Rd most recently sold on Jun 10, 2022 for $188,000.
What is the current tax assessment for 4538 Melbourne Rd?
The most recent total assessment for 4538 Melbourne Rd (year 2025) is $271,700 with $2,898 in property tax.
How does 4538 Melbourne Rd's assessment compare to its last sale price?
The current assessment is 44.5% above the last sale price of $188,000.
When was 4538 Melbourne Rd built?
4538 Melbourne Rd was built in 1968.
How does 4538 Melbourne Rd compare to others on Melbourne Rd?
We track 8 other properties on Melbourne Rd. Browse the list under "Other properties on Melbourne Rd" to compare beds, baths, and sale history.
What are the property facts for 4538 Melbourne Rd?
4538 Melbourne Rd is a 4 bed, 2 bath, 1,660 sqft, 14,697 sqft lot single_family.
Is 4538 Melbourne Rd a flip candidate?
Yes — 4538 Melbourne Rd appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 4538 Melbourne Rd a tax-appeal candidate?
No — 4538 Melbourne Rd is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+3.2%
Implied 1-yr
+12.7%
2026 Q2
$485.9K
2026 Q3
$498.6K
ZIP 46228 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Melbourne Rd