NOT LISTED FOR SALE

4038 Gray Arbor Way Indianapolis, IN 46237

South Emerson Neighborhood

Estimated Value: $221,000 - $232,786

3 Beds
2 Baths
1,276 Sq Ft
$178/Sq Ft Est. Value

Sale Details

Date Sold: January 22, 2026

Last sale price $226,000 $177 Per Sq Ft

Current estimated payment $1,513 / mo

4 Days on Market

Highlights

  • Ranch Style House
  • 2 Car Attached Garage
  • Vinyl Plank Flooring
  • No HOA
  • Woodwork
  • Forced Air Heating and Cooling System

About This Home

As of January 2026

This home welcomes you the moment you step inside with its fresh updates and easy, comfortable flow. The newly renovated spaces make it simple to picture everyday life here, whether you're relaxing or hosting. If you've been searching for a move-in-ready ranch that feels inviting from the start, this one delivers. Built in 1997, this single-level SFR offers 1,276 square feet with a brick-and-vinyl exterior and a dependable slab foundation. Inside, you'll find 3 bedrooms and 2 full baths, along with an updated main living area that feels both functional and modern. Fresh finishes throughout give the home a clean, updated feel, and the attached 2-car garage adds convenience and extra storage. With its thoughtful renovations and classic ranch style, this home is ready for its next owner to enjoy.

Last Agent to Sell the Property

Terry Young

Red Bridge Real Estate Brokerage Email: terry@redbridgerealestate.com License #RB23001645 Listed on: 12/08/2025

Last Buyer's Agent

Peter Stewart

Keller Williams Indpls Metro N License #RB15000083

Keller Williams Indpls Metro N

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,696

Year Built

  • Built in 1997

Lot Details

  • 10,411

Parking

  • 2 Car Attached Garage

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 1,276 Sq Ft Home
  • Woodwork
  • Combination Dining and Living Room

Kitchen

  • Electric Oven
  • Dishwasher

Flooring

  • Carpet
  • Vinyl Plank

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • 10,411 Sq Ft Lot
  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • Gray Arbor Subdivision

Listing and Financial Details

  • Tax Lot 01
  • Assessor Parcel Number 491509119015000500
  • Seller Concessions Not Offered

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,696

Year Built

Built in 1997

Lot Details

10,411 Sq Ft Lot

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2024
  • Year Built: 1997
  • Building Area Total: 1276
  • Garage Y N: Yes
  • Lot Size Acres: 0.24
  • Subdivision Name: Gray Arbor
  • Transaction Type: Sale
  • Accessibility Features YN: No
  • Attribution Contact: terry@redbridgerealestate.com
  • Special Features: None

Interior Features

  • Basement: No
  • Appliances: Dishwasher, Electric Oven, Refrigerator
  • Levels: One
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Interior Amenities: WoodWorkStain/Painted
  • Living Area: 1276
  • Eating Area: Dining Combo/Living Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 2
  • Main Level Sq Ft: 1276
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Upper Level Sq Ft: 0
  • MBR_RoomFlooring: Vinyl Plank
  • MBR_RoomFlooring: Vinyl Plank
  • MBR_RoomFlooring: Other
  • MBR_RoomFlooring: Carpet
  • MBR_RoomFlooring: Carpet
  • MBR_RoomFlooring: Carpet

Exterior Features

  • Construction Materials: Brick, Vinyl Siding
  • Foundation Details: Slab

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Attached

Utilities

  • Cooling: Central Air
  • Heating: Electric, Forced Air
  • Water Source: Public
  • Solid Waste: Yes

Condo/Co-op/Association

  • Association YN: No

Lot Info

  • Property Attached Yn: No
  • Horse Amenities: None
  • Lot Size Sq Ft: 10411
  • Parcel Number: 491509119015000500
  • Acres: <1/4 Acre

Tax Info

  • Tax Annual Amount: 2696
  • Tax Lot: 01
  • Semi Annual Property Tax Amt: 1348
  • Tax Exemption: Homestead Tax Exemption

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 8, 2025
Closed on
Jan 21, 2026
Sold by
Simple Quarters Llc
Bought by
Seller's Agent
Terry Young
Red Bridge Real Estate
Buyer's Agent
Peter Stewart
Keller Williams Indpls Metro N
List Price
$255,000
Sold Price
$226,000
Premium/Discount to List
-$29,000
-11.37%
Views
66
Current Estimated Value
$226,929

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$929
Avg. Annual Appreciation
0.66%
Original Mortgage
$124,300
Outstanding Balance
$123,700
Interest Rate
6.21%
Mortgage Type
New Conventional
Estimated Equity
$103,229

Purchase Details

Closed on
Sep 5, 2025
Sold by
Galvin Haley B
Bought by
Simple Quarters Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,600
Interest Rate
6.58%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 24, 2011
Sold by
Green Sharon Jean and Estate Of Dolly M Magee
Bought by
Galvin Haley B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,819
Interest Rate
5.5%
Mortgage Type
FHA
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in South Emerson, IN

  • Michelle Wildman Real Estate Agent - The Stewart Home Group

    Michelle Wildman

    The Stewart Home Group

    (317) 653-4127

    123 Total Sales

    1 in South Emerson

    $295,000 Price

    Michelle Wildman
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  • Randy Williams Real Estate Agent - Instate Realty, LLC

    Randy Williams

    Instate Realty, LLC

    (317) 820-2486

    89 Total Sales

    1 in South Emerson

    $439,900 Price

    Randy Williams
     Section Image
  • Dana Wright Real Estate Agent - RE/MAX Advanced Realty

    Dana Wright

    RE/MAX Advanced Realty

    (317) 434-3707

    132 Total Sales

    3 in South Emerson

    $238K - $305K Price Range

    Dana Wright
     Section Image
  • Heather Hemphill Real Estate Agent - Key Realty Indiana

    Heather Hemphill

    Key Realty Indiana

    (855) 695-8234

    106 Total Sales

    2 in South Emerson

    $203K - $240K Price Range

    Heather Hemphill
     Section Image
  • Michelle Sebastian Real Estate Agent - RE/MAX Allstars

    Michelle Sebastian

    RE/MAX Allstars

    (812) 807-3635

    93 Total Sales

    1 in South Emerson

    $211,000 Price

    Michelle Sebastian
     Section Image
  • David Ebeyer Real Estate Agent - Ebeyer Realty, LLC

    David Ebeyer

    Ebeyer Realty, LLC

    (888) 483-5716

    143 Total Sales

    1 in South Emerson

    $333,000 Price

    David Ebeyer
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Momentum Title
Simple Quarters Llc -- Eagle Land Title
Galvin Haley B -- Ctic Smith Valley
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $124,300
Previous Owner Simple Quarters Llc $177,600
Previous Owner Galvin Haley B $10,447
Previous Owner Galvin Haley B $83,819
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/22/2026 01/22/26 Sold $226,000 -11.4% $177 / Sq Ft
12/12/2025 12/12/25 Pending -- -- --
12/08/2025 12/08/25 For Sale $255,000 -- $200 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,130 $260,000 $30,800 $229,200
2024 $2,674 $213,300 $30,800 $182,500
2023 $2,674 $206,900 $30,800 $176,100
2022 $2,563 $189,600 $30,800 $158,800
2021 $2,154 $161,800 $30,800 $131,000
2020 $1,995 $149,700 $30,800 $118,900
2019 $1,837 $137,800 $19,700 $118,100
2018 $1,687 $128,300 $19,700 $108,600
2017 $1,344 $109,200 $19,700 $89,500
2016 $1,407 $111,500 $19,700 $91,800
2014 $1,198 $110,200 $19,700 $90,500
2013 $1,206 $110,200 $19,700 $90,500
Source: Public Records

Agents Affiliated with this Home

  • TY

    Seller's Agent in 2026

    Terry Young

    Red Bridge Real Estate

    (765) 335-1905

    3 in this area

    450 Total Sales

    Terry Young
    Section Image
  • Peter Stewart Real Estate Agent - Keller Williams Indpls Metro N

    Buyer's Agent in 2026

    Peter Stewart

    Keller Williams Indpls Metro N

    (317) 450-9202

    5 in this area

    506 Total Sales

    Peter Stewart
    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22076064

MIBOR Broker Listing Cooperative®

APN: 49-15-09-119-015.000-500

Indiana Marion County Indianapolis 46237 South Emerson

4038 Gray Arbor Way, Indianapolis, IN

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIBOR Broker Listing Cooperative® 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.
Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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