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4825 Melrose Ave; Indianapolis, IN Property Details

4825 Melrose Ave, Indianapolis, IN is a Residential General that was built in 1900. This property is currently a cash purchase and is for sale. Our records show that 4825 Melrose Ave has 3 bedrooms, and 1 bathroom, and a total of 944 square feet. The lot size of 4825 Melrose Ave is 9,453 square feet.

On Market for 472 days
4825 Melrose Ave Indianapolis, IN 46241
$97,997 Listing Price
3 Beds
1 Baths
944 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 1 / Corporate
  • Owner Status: Corporate
  • Year Built: 1900
  • Est. Equity / %: $127,000 / 100%
  • Gross Yield: 13.066%
  • APN: 49-11-18-113-223.000-900
  • Situs County: Marion
  • Length Of Ownership: 2 years, 3 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full Bathrooms: 1
  • Total Rooms: 6

Structure

  • Building Style: Frame
  • Stories: 1
  • Building Condition: Poor
  • Building Quality: D
  • Roof Cover Type: Asphalt
  • Sewer Type: Yes
  • Water Source: None

Measurements

  • Total: 944/SqFt
  • Lot: 9,453/SqFt
  • Gross: 944/SqFt
  • Garage: 480/SqFt
  • Living: 944/SqFt
  • Building: 944/SqFt
  • Ground: 872/SqFt

Legal Description

  • Description: DREXEL GARDENS NO. 2 L493 & L494
Building Insights

Land Information

  • Property Type: Residential General
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Wayne Township Metropolitan School District
  • Lat / Lon: 39.739986 / -86.24108
  • Subdivision: Drexel Gardens No. 2
  • Property Class: Residential
  • Zoning: ZO01
  • County Use Code: 599

Amenities

  • Plus Four: 4635
  • Bathroom Fixtures: 8
  • Cooling: None
  • Garage: Detached Garage
  • Heating: Central
  • Parking: 2

HOA

  • H O A One Type: Planned Unit Development

Ownership Info

4825 Melrose Ave has no associated ownership info
4825 Melrose Ave has no associated ownership info.

Taxes

4825 Melrose Ave has 10 associated Taxes items

4825 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 $28,100. The APN we've located for 4825 Melrose Ave is 49-11-18-113-223.000-900.

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Taxes
  • Assessed Value:  $28,100
  • Assessed Year:  2025
  • Assessed County:  Marion
  • APN:  49-11-18-113-223.000-900
  • Assessed Land Value:  8900
  • Market Land Value:  8900
  • Tax Amount:  1085.7
  • Tax Year:  2024
  • Market Value:  28100
  • Market Year:  2025

Tax History

4825 Melrose Ave has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $28,100 Land Value $8,900 Improvement Value $19,200 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value Land Value Improvement Value Tax Amount $1,085.7 Change Rate -0.083921% Assessed CR Tax Rate
Year 2023 Assessed Value $46,700 Land Value $8,900 Improvement Value $37,800 Tax Amount $1,185.16 Change Rate +0.073962% Assessed CR Tax Rate +0.025378%
Year 2022 Assessed Value $43,300 Land Value $8,900 Improvement Value $34,400 Tax Amount $1,103.54 Change Rate +0.214416% Assessed CR Tax Rate +0.025486%
Year 2021 Assessed Value $30,500 Land Value $8,900 Improvement Value $21,600 Tax Amount $908.7 Change Rate +0.28275% Assessed CR Tax Rate +0.029793%
Year 2020 Assessed Value $26,200 Land Value $8,900 Improvement Value $17,300 Tax Amount $708.4 Change Rate -0.003769% Assessed CR Tax Rate +0.027038%
Year 2019 Assessed Value $26,300 Land Value $8,900 Improvement Value $17,400 Tax Amount $711.08 Change Rate -0.054289% Assessed CR Tax Rate +0.027037%
Year 2018 Assessed Value $28,600 Land Value $8,900 Improvement Value $19,700 Tax Amount $751.9 Change Rate -0.000718% Assessed CR Tax Rate +0.02629%
Year 2017 Assessed Value $28,700 Land Value $8,900 Improvement Value $19,800 Tax Amount $752.44 Change Rate -0.033872% Assessed CR Tax Rate +0.026217%
Year 2016 Assessed Value $32,000 Land Value $8,900 Improvement Value $23,100 Tax Amount $778.82 Change Rate +0.192716% Assessed CR Tax Rate +0.024338%
Year 2014 Assessed Value $32,600 Land Value $8,900 Improvement Value $23,700 Tax Amount $652.98 Change Rate +0.176583% Assessed CR Tax Rate +0.02003%
Year 2013 Assessed Value $32,600 Land Value $8,900 Improvement Value $23,700 Tax Amount $554.98 Change Rate Assessed CR Tax Rate +0.017024%