5109 Melville Way
Indianapolis, IN 46239
3 bd 2 ba 2,044 sqft Built 2014 Lot 6,970 sqft single_family
Most recent sale
$390,000
Jul 19, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Mar 14, 2025 | Sold | $320,000 | MIBOR |
| Nov 4, 2024 | Price changed | $320,000 | MIBOR |
| Oct 21, 2024 | Price changed | $338,000 | MIBOR |
| Oct 4, 2024 | Price changed | $345,000 | MIBOR |
| Jun 28, 2024 | Price changed | $354,000 | MIBOR |
| Jun 14, 2024 | Price changed | $359,000 | MIBOR |
| May 31, 2024 | Price changed | $365,000 | MIBOR |
| May 21, 2024 | Price changed | $402,300 | MIBOR |
| Apr 18, 2024 | Listed | $410,000 | MIBOR |
| Mar 26, 2023 | Listed for rent | $1,395 | Avail |
| Mar 19, 2023 | Price changed for rent | $1,995 | Zumper |
| Mar 18, 2023 | Price changed for rent | $1,995 | Rently |
| Mar 17, 2023 | Price changed for rent | $2,125 | Zumper |
| Mar 7, 2023 | Price changed for rent | $2,145 | Zumper |
| Mar 4, 2023 | Price changed for rent | $2,195 | Zumper |
| Feb 28, 2023 | Price changed for rent | $2,335 | Zumper |
| Feb 22, 2023 | Price changed for rent | $2,375 | Zumper |
| Feb 21, 2023 | Price changed for rent | $2,375 | Rently |
| Feb 18, 2023 | Price changed for rent | $2,545 | Zumper |
| Feb 14, 2023 | Price changed for rent | $2,590 | Zumper |
| Feb 10, 2023 | Price changed for rent | $2,610 | Zumper |
| Feb 4, 2023 | Price changed for rent | $2,620 | Zumper |
| Feb 1, 2023 | Price changed for rent | $2,645 | Zumper |
| Jan 31, 2023 | Price changed for rent | $2,645 | Rently |
| Jan 28, 2023 | Price changed for rent | $2,685 | Zumper |
| Jan 26, 2023 | Listed for rent | $1,725 | Avail |
| Jan 25, 2023 | Price changed for rent | $2,725 | Zumper |
| Jan 21, 2023 | Price changed for rent | $2,745 | Zumper |
| Jan 18, 2023 | Price changed for rent | $2,785 | Zumper |
| Jan 12, 2023 | Listed for rent | $2,495 | Zumper |
| Sep 13, 2022 | Price changed for rent | $2,045 | Rently |
| Sep 9, 2022 | Price changed for rent | $2,055 | Rently |
| Sep 8, 2022 | Listed for rent | $1,655 | TurboTenant |
| Sep 2, 2022 | Price changed for rent | $2,155 | Rently |
| Aug 31, 2022 | Price changed for rent | $2,105 | Rently |
| Aug 22, 2022 | Price changed for rent | $2,155 | Rently |
| Aug 19, 2022 | Price changed for rent | $2,195 | Rently |
| Aug 17, 2022 | Price changed for rent | $2,245 | Rently |
| Aug 12, 2022 | Price changed for rent | $2,295 | Rently |
| Aug 2, 2022 | Price changed for rent | $2,345 | Rently |
| Jul 29, 2022 | Price changed for rent | $2,395 | Rently |
| Jul 19, 2022 | Sold | $390,000 | Public Record |
| Jul 15, 2022 | Price changed for rent | $2,445 | Rently |
| Jul 12, 2022 | Listed for rent | $2,475 | Rently |
| Jul 8, 2022 | Sold | $390,000 | MIBOR |
| Jun 6, 2022 | Listed | $389,900 | MLS #21861480 |
| May 11, 2021 | Relisted | $299,900 | MLS #21776229 |
| Apr 8, 2021 | Listed | $299,900 | MLS #21776229 |
| Jun 5, 2014 | Sold | $345,966 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $342,100 | $39,000 | $381,100 | $3,622 |
| 2024 | $342,800 | $39,000 | $381,800 | $7,744 |
| 2023 | $326,800 | $39,000 | $365,800 | $7,422 |
| 2022 | $219,400 | $39,000 | $258,400 | $2,999 |
| 2021 | $219,400 | $39,000 | $258,400 | $2,685 |
| 2020 | $201,900 | $39,000 | $240,900 | $2,508 |
| 2019 | $194,400 | $28,600 | $223,000 | $4,557 |
| 2018 | $188,800 | $28,600 | $217,400 | $4,442 |
| 2017 | $173,600 | $27,700 | $201,300 | $4,058 |
| 2016 | $167,700 | $27,700 | $195,400 | $3,940 |
| 2015 | $166,000 | $27,700 | $193,700 | $1,937 |
| 2014 | — | $27,700 | $27,700 | $831 |
| 2013 | — | $300 | $300 | $6 |
| 2012 | — | $300 | $300 | $6 |
| 2011 | — | $200 | $200 | $4 |
| 2010 | — | $200 | $200 | $4 |
| 2008 | — | $200 | $200 | $6 |
Property facts
Year built
2014
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
2,044 sqft
Lot size
6,970 sqft
ZIP code
46239
City
Indianapolis
Street
Melville Way
Coordinates
39.69461, -86.00955
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$3,066
Gross rental yield
9.43%
Implied cap rate
6.13%
Trend-extrapolated value
—
Frequently asked questions
When did 5109 Melville Way last sell?
5109 Melville Way most recently sold on Jul 19, 2022 for $390,000.
What is the current tax assessment for 5109 Melville Way?
The most recent total assessment for 5109 Melville Way (year 2025) is $381,100 with $3,622 in property tax.
How does 5109 Melville Way's assessment compare to its last sale price?
The current assessment is 2.3% below the last sale price of $390,000.
When was 5109 Melville Way built?
5109 Melville Way was built in 2014.
How does 5109 Melville Way compare to others on Melville Way?
We track 6 other properties on Melville Way. Browse the list under "Other properties on Melville Way" to compare beds, baths, and sale history.
What are the property facts for 5109 Melville Way?
5109 Melville Way is a 3 bed, 2 bath, 2,044 sqft, 6,970 sqft lot single_family.
Is 5109 Melville Way a flip candidate?
No — 5109 Melville Way does not appear in our flips dataset.
Is 5109 Melville Way a tax-appeal candidate?
Yes — 5109 Melville Way appears in our tax-appeal candidates list, meaning its current assessment exceeds its recent sale price by 15% or more.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-3.1%
Implied 1-yr
-12.3%
2026 Q3
$283.3K
2026 Q4
$272.4K
ZIP 46239 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Melville Way