4906 Melbourne Rd
Indianapolis, IN 46228
4 bd 3 ba 2,135 sqft Built 1995 Lot 17,820 sqft single_family
Most recent sale
$357,500
May 25, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 25, 2022 | Sold | $357,500 | Public Record |
| May 18, 2022 | Sold | $357,500 | MIBOR |
| Apr 28, 2022 | Listed | $359,000 | MLS #21851709 |
| Mar 16, 2022 | Sold | $279,900 | Public Record |
| Mar 3, 2022 | Sold | $279,900 | MIBOR |
| Feb 26, 2022 | Listed | $279,900 | MLS #21838163 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $307,300 | $100 | $307,400 | $3,260 |
| 2024 | $272,500 | $100 | $272,600 | $3,172 |
| 2023 | $324,000 | $100 | $324,100 | $3,348 |
| 2022 | $209,200 | $23,000 | $232,200 | $2,742 |
| 2021 | $209,200 | $23,000 | $232,200 | $2,424 |
| 2020 | $193,500 | $23,000 | $216,500 | $2,265 |
| 2019 | $189,200 | $23,000 | $212,200 | $2,220 |
| 2018 | $165,200 | $23,000 | $188,200 | $1,977 |
| 2017 | $160,300 | $23,000 | $183,300 | $1,926 |
| 2016 | $159,000 | $23,000 | $182,000 | $1,911 |
| 2015 | $155,900 | $23,000 | $178,900 | $1,790 |
| 2014 | $152,300 | $23,000 | $175,300 | $1,754 |
| 2013 | $143,500 | $23,000 | $166,500 | $1,680 |
| 2012 | $141,400 | $23,000 | $164,400 | $1,726 |
| 2011 | $138,300 | $23,000 | $161,300 | $1,703 |
| 2010 | $154,100 | $23,000 | $177,100 | $1,522 |
| 2008 | $144,000 | $23,000 | $167,000 | $1,613 |
| 2006 | $171,400 | $23,000 | $194,400 | $2,008 |
Property facts
Year built
1995
Property type
single_family
Stories
2
Beds
4
Baths
3
Living area
2,135 sqft
Lot size
17,820 sqft
ZIP code
46228
City
Indianapolis
Street
Melbourne Rd
Coordinates
39.84288, -86.22044
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$3,203
Gross rental yield
10.75%
Implied cap rate
6.99%
Trend-extrapolated value
—
Frequently asked questions
When did 4906 Melbourne Rd last sell?
4906 Melbourne Rd most recently sold on May 25, 2022 for $357,500.
What is the current tax assessment for 4906 Melbourne Rd?
The most recent total assessment for 4906 Melbourne Rd (year 2025) is $307,400 with $3,260 in property tax.
How does 4906 Melbourne Rd's assessment compare to its last sale price?
The current assessment is 14.0% below the last sale price of $357,500.
When was 4906 Melbourne Rd built?
4906 Melbourne Rd was built in 1995.
How does 4906 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 4906 Melbourne Rd?
4906 Melbourne Rd is a 4 bed, 3 bath, 2,135 sqft, 17,820 sqft lot single_family.
Is 4906 Melbourne Rd a flip candidate?
Yes — 4906 Melbourne Rd appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 4906 Melbourne Rd a tax-appeal candidate?
No — 4906 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