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4602 Melrose Ave; Indianapolis, IN Property Details

4602 Melrose Ave, Indianapolis, IN is a Single Family that was built in 1940. This property is currently a cash purchase and is not for sale. Our records show that 4602 Melrose Ave has 2 bedrooms, and a total of 816 square feet. The lot size of 4602 Melrose Ave is 9,912 square feet.

Off market
4602 Melrose Ave Indianapolis, IN 46241
$111,000 Estimated Value
2 Beds
816 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1940
  • Open Loans / Balance: 3 / $59,663
  • Est. Equity / %: $70,337 / 54.11%
  • Gross Yield: 11.889%
  • APN: 49-11-18-103-082.000-900
  • Situs County: Marion
  • Length Of Ownership: 20 years, 8 months

Rooms

  • Bedrooms: 2
  • Total Rooms: 6

Structure

  • Building Style: Masonry
  • Stories: 1
  • Building Condition: Average
  • Building Quality: D
  • Roof Cover Type: Asphalt
  • Sewer Type: None
  • Water Source: None

Measurements

  • Total: 816/SqFt
  • Lot: 9,912/SqFt
  • Gross: 816/SqFt
  • Garage: 576/SqFt
  • Living: 816/SqFt
  • Building: 816/SqFt
  • Ground: 816/SqFt

Legal Description

  • Description: DREXEL GARDENS ANNEX L1375 & L1376
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Wayne Township Metropolitan School District
  • Lat / Lon: 39.74011 / -86.236855
  • Subdivision: Drexel Gardens Annex
  • Property Class: Residential
  • County Use Code: 510

Amenities

  • Plus Four: 4037
  • Cooling: Central
  • Garage: Detached Garage
  • Heating: Central
  • Parking: 2

Ownership Info

4602 Melrose Ave has no associated ownership info
4602 Melrose Ave has no associated ownership info.

Taxes

4602 Melrose Ave has 10 associated Taxes items

4602 Melrose Ave, Indianapolis, IN pays taxes in Marion County, IN. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $111,000. The APN we've located for 4602 Melrose Ave is 49-11-18-103-082.000-900.

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Taxes
  • Assessed Value:  $111,000
  • Assessed Year:  2025
  • Assessed County:  Marion
  • APN:  49-11-18-103-082.000-900
  • Assessed Land Value:  9300
  • Market Land Value:  9300
  • Tax Amount:  1242.52
  • Tax Year:  2025
  • Market Value:  111000
  • Market Year:  2025

Tax History

4602 Melrose Ave has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $111,000 Land Value $9,300 Improvement Value $101,700 Tax Amount $1,242.52 Change Rate +0.272813% Assessed CR Tax Rate +0.011194%
Year 2024 Assessed Value Land Value Improvement Value Tax Amount $976.2 Change Rate -0.094686% Assessed CR Tax Rate
Year 2023 Assessed Value Land Value Improvement Value Tax Amount $1,078.3 Change Rate +0.16076% Assessed CR Tax Rate
Year 2022 Assessed Value $83,300 Land Value $9,300 Improvement Value $74,000 Tax Amount $928.96 Change Rate +0.476508% Assessed CR Tax Rate +0.011152%
Year 2021 Assessed Value $58,400 Land Value $9,300 Improvement Value $49,100 Tax Amount $629.16 Change Rate +0.510733% Assessed CR Tax Rate +0.010773%
Year 2020 Assessed Value $48,400 Land Value $9,300 Improvement Value $39,100 Tax Amount $416.46 Change Rate -0.001055% Assessed CR Tax Rate +0.008605%
Year 2019 Assessed Value $48,400 Land Value $9,300 Improvement Value $39,100 Tax Amount $416.9 Change Rate -0.218029% Assessed CR Tax Rate +0.008614%
Year 2018 Assessed Value $54,100 Land Value $9,300 Improvement Value $44,800 Tax Amount $533.14 Change Rate +0.002935% Assessed CR Tax Rate +0.009855%
Year 2017 Assessed Value $53,800 Land Value $9,300 Improvement Value $44,500 Tax Amount $531.58 Change Rate -0.638381% Assessed CR Tax Rate +0.009881%
Year 2016 Assessed Value $61,000 Land Value $9,300 Improvement Value $51,700 Tax Amount $1,470 Change Rate +0.177885% Assessed CR Tax Rate +0.024098%
Year 2014 Assessed Value $62,400 Land Value $9,300 Improvement Value $53,100 Tax Amount $1,248 Change Rate +1.656789% Assessed CR Tax Rate +0.02%
Year 2013 Assessed Value $62,400 Land Value $9,300 Improvement Value $53,100 Tax Amount $469.74 Change Rate Assessed CR Tax Rate +0.007528%