4825 Melrose Ave Indianapolis, IN 46241
Stout Field NeighborhoodEstimated payment $632/month
Highlights
- Corner Lot
- Ben Davis University High School Rated A
- No HOA
About This Lot
CALLING ALL INVESTORS! Here is a Great Opportunity for a double lot in Drexel Gardens! This double lot provides ample opportunity for someone looking to build not just one but two possible homes. This lot can be kept as one large corner lot OR split into two if someone so desires! The split would provide two .11/acre lots that are easily buildable and a chance to maximize your return on investment! The corner lot with the garage had a house on it at one time and is connected to city utilities so it's ready to go and has a brand new garage door on it as well. Purchase will come with TWO sets of build plans for you to use if you wish. Why pay for new plans when these are at your disposal!? Located near all the major highways (I65, I69, I70, I74 & I465) this location is PRIME!! It's only 10-15 Minutes from: The Indianapolis International Airport, The Indianapolis Motor Speedway, Lucas Oil Stadium, Gainbridge Fieldhouse, Downtown Indy's Circle Center, Eagle Creek Reservoir and more! Once the house(s) are built, there could be year round short term rental revenue for events such as The Indianapolis 500, Brickyard 400, All Colts Games, All Pacer games, GenCon, Boat Sport & Travel shows, etc...Indy has conventions all year long and is known to be a great Host City. Why not build close to all the action?! Set up your showing today and let's make a deal happen!
Property Details
Property Type
- Land
Est. Annual Taxes
- $1,098
Lot Details
- 9,584 Sq Ft Lot
- Corner Lot
Community Details
- No Home Owners Association
- Drexel Gardens Subdivision
Listing and Financial Details
- Tax Lot 491118113223000900
- Assessor Parcel Number 491118113223000900
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,086 | $28,100 | $8,900 | $19,200 |
| 2024 | $1,185 | $46,200 | $8,900 | $37,300 |
| 2023 | $1,185 | $46,700 | $8,900 | $37,800 |
| 2022 | $1,104 | $43,300 | $8,900 | $34,400 |
| 2021 | $909 | $30,500 | $8,900 | $21,600 |
| 2020 | $791 | $26,200 | $8,900 | $17,300 |
| 2019 | $792 | $26,300 | $8,900 | $17,400 |
| 2018 | $752 | $28,600 | $8,900 | $19,700 |
| 2017 | $752 | $28,700 | $8,900 | $19,800 |
| 2016 | $828 | $32,000 | $8,900 | $23,100 |
| 2014 | $653 | $32,600 | $8,900 | $23,700 |
| 2013 | $555 | $32,600 | $8,900 | $23,700 |
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 |
|---|---|---|---|---|
| 07/07/2025 07/07/25 | For Sale | $97,997 | -- | -- |
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | None Listed On Document |
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 | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $66,381 | FHA |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22040254
APN: 49-11-18-113-223.000-900
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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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Ask me questions while you tour the home.