NOT LISTED FOR SALE

4931 Melrose Ave Indianapolis, IN 46241

Stout Field Neighborhood

Estimated Value: $66,000 - $126,000

2 Beds
1 Bath
770 Sq Ft
$122/Sq Ft Est. Value

Last Sold August 11, 2023

Last sale price $52,000 $68 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $569/month

69 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Woodwork
  • Ben Davis University High School Rated A
  • 2 Car Detached Garage
  • 1-Story Property

About This Home

As of August 2023

2 Bedroom, 1 Bath home on a quiet street. Lots of value in this move in ready home, but could use some TLC. Fenced in back yard, carport plus a huge 38x14 garage with bump out workshop. Newer Siding, roof around 5 years old.

Last Agent to Sell the Property

Brian Watson

Innovative Home Realty License #RB18000430 Listed on: 05/19/2023

Last Buyer's Agent

Suzan Shoemaker

F.C. Tucker Company

F.C. Tucker Company

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $446

Year Built

  • Built in 1944

Lot Details

  • 40 Sq Ft Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Traditional Architecture
  • Poured Concrete
  • Aluminum Siding

Interior Spaces

  • 770 Sq Ft Home
  • 1-Story Property
  • Woodwork
  • Carpet
  • Dryer

Kitchen

  • Gas Oven
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Heating System Uses Gas
  • Water Heater

Community Details

  • No Home Owners Association
  • Drexel Gardens Subdivision

Listing and Financial Details

  • Legal Lot and Block 491118113131000900 / 2
  • Assessor Parcel Number 491118113131000900

Home Details

Home Type

Single Family

Est. Annual Taxes

$446

Year Built

Built in 1944

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2022
  • Year Built: 1944
  • Building Area Total: 770
  • Garage Y N: Yes
  • Lot Size Acres: 0.11
  • Subdivision Name: Drexel Gardens
  • Transaction Type: Sale
  • Accessibility Features YN: No
  • MBR_AttributionContact: WATSONSELLSINDY@GMAIL.COM
  • Special Features: None

Interior Features

  • Basement: No
  • Appliances: Dishwasher, Dryer, Laundry Connection in Unit, Gas Oven, Water Heater
  • Levels: One
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: WoodWorkStain/Painted
  • Living Area: 770
  • Main Level Bedrooms: 2
  • Eating Area: None
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Main Level Sq Ft: 770
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Rooms Basement: 0

Exterior Features

  • Construction Materials: Aluminum Siding
  • Foundation Details: Poured Concrete, Other
  • List Price: 69000

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Detached
  • Garage Parking Other: Service Door

Utilities

  • Utilities: Cable Available, Gas, Sewer Connected, Water Connected
  • Cooling: Wall Unit(s)
  • Heating: Forced Air, Gas
  • Water Source: Municipal/City
  • Solid Waste: Yes

Condo/Co-op/Association

  • Association YN: No

Lot Info

  • Property Attached Yn: No
  • Lot Size Sq Ft: 40
  • Parcel Number: 491118113131000900
  • Acres: <1/4 Acre
  • Price Acre: 472727.272727273

Green Features

  • Green Certification Y N: No

Tax Info

  • Tax Annual Amount: 446
  • Tax Block: 2
  • Tax Lot: 491118113131000900
  • Semi Annual Property Tax Amt: 223

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2023
Closed on
Aug 9, 2023
Sold by
Hall Jamie R
Bought by
Lopez Damaso
Seller's Agent
Brian Watson
Innovative Home Realty
Buyer's Agent
Suzan Shoemaker
F.C. Tucker Company
List Price
$69,000
Sold Price
$52,000
Premium/Discount to List
-$17,000
-24.64%
Views
226
Current Estimated Value
$94,152

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,152
Avg. Annual Appreciation
30.35%

Purchase Details

Closed on
Oct 5, 2012
Sold by
Crouch Randall H
Bought by
Hall Kenneth R and Hall Jamie R

Purchase Details

Closed on
Nov 22, 2006
Sold by
Beckett Thomas S
Bought by
Pursell Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,200
Interest Rate
6.22%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lopez Damaso $52,000 None Listed On Document
Hall Kenneth R -- None Available
Pursell Michelle -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pursell Michelle $52,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/11/2023 08/11/23 Sold $52,000 -24.6% $68 / Sq Ft
07/28/2023 07/28/23 Pending -- -- --
07/19/2023 07/19/23 Price Changed $69,000 0.0% $90 / Sq Ft
07/19/2023 07/19/23 For Sale $69,000 -1.4% $90 / Sq Ft
07/06/2023 07/06/23 Pending -- -- --
07/03/2023 07/03/23 Price Changed $70,000 -29.3% $91 / Sq Ft
06/29/2023 06/29/23 For Sale $99,000 0.0% $129 / Sq Ft
06/22/2023 06/22/23 Pending -- -- --
06/14/2023 06/14/23 Price Changed $99,000 -5.7% $129 / Sq Ft
05/19/2023 05/19/23 For Sale $105,000 -- $136 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

Tax History Compared to Growth

Source: Public Records

Tax History

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
2024 $689 $58,800 $4,400 $54,400
2023 $689 $93,400 $4,400 $89,000
2022 $532 $85,500 $4,400 $81,100
2021 $84 $48,900 $4,400 $44,500
2020 $82 $40,000 $4,400 $35,600
2019 $81 $40,000 $4,400 $35,600
2018 $79 $44,500 $4,400 $40,100
2017 $77 $44,300 $4,400 $39,900
2016 $75 $50,800 $4,400 $46,400
2014 $59 $54,900 $4,400 $50,500
2013 $59 $54,900 $4,400 $50,500
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2023

    Brian Watson

    Innovative Home Realty

    (317) 710-3577

    1 in this area

    36 Total Sales

    Brian Watson
    Section Image

  • S

    Buyer's Agent in 2023

    Suzan Shoemaker

    F.C. Tucker Company

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21922230

MIBOR Broker Listing Cooperative®

APN: 49-11-18-113-131.000-900

Indiana Marion County Indianapolis 46241 Stout Field

4931 Melrose Ave, Indianapolis, IN

This home is located at 4931 Melrose Ave, Indianapolis, IN 46241 since 19 May 2023 and is currently estimated at $94,152, approximately $122 per square foot. This property was built in 1944. 4931 Melrose Ave is a home located in Marion County with nearby schools including Maplewood Elementary School, Lynhurst 7th & 8th Grade Center, and Ben Davis University High School.

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® Based on information submitted to the MLS GRID. 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.

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