
Sheldon Barnes
For Sale — 4416 Melbourne Road, Indianapolis, IN 462284416 Melbourne Road
Indianapolis, Indiana 46228
Northern Estates
3
Beds
2
Baths
1,547
Sq Ft
1960
Year Built
0.32
Acres
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ABOUT THIS HOME
Discover an inviting, move-in-ready home, ideally located in Marion County just 9 minutes (3.5 miles) from Butler University. This well-maintained single-family ranch offers both comfortable living and outstanding flexibility - making it a perfect option for a Butler student or an owner looking to offset expenses with rental income. Step into a thoughtfully designed kitchen where shaker cabinets, a stylish backsplash, and a peninsula with bar seating create the ideal space for everyday meals or entertaining. The adjoining living room invites you to unwind by the cozy fireplace, perfect for relaxing evenings or gathering with friends. The primary bedroom serves as a private retreat, complete with an ensuite bathroom and elegant crown molding. Two additional bedrooms provide excellent opportunities for roommates, home office space, or guest accommodations - offering strong potential for extra rental income. Outside, enjoy a charming front porch ideal for morning coffee or evening sunsets. The fully fenced backyard offers privacy and room to relax or entertain, featuring a fire pit for memorable nights outdoors and a storage shed for added convenience. Situated on a generous 13,983 sq ft lot, this 1,547 sq ft ranch-style home, built in 1960, blends classic charm with modern updates in a prime location close to shopping, dining, and campus life. A versatile property with lifestyle appeal and investment potential-this is one you won't want to miss.
Key things to know
- Updated kitchen with shaker cabinets and peninsula bar seating
- Primary suite with ensuite bathroom and crown molding
- Fireplace in living room
- Fully fenced backyard with fire pit and storage shed
- Near butler university, 9 minutes away
Monthly payment
Estimate · $279,900
$1,732/mo
≈ $1,490 principal & interest · $236 tax · $6 HOA
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $55,980 on a loan of $223,920.
Price history
- Price reduced$289,900 → $279,900
Apr 7, 2026
- Listedat $300,000
Jan 9, 2026
Northern Estates · activity
past 6 months
- Sold
- 2
- Median price
- $330,000
- Median DOM
- 134 days
Recent comparable sales

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Comparative value
5 comps in this range
This home is 9.8% above median for similar nearby sales.
Want to know anything specific? Ask about updates, finishes, the basement, the yard — I read the listing's photos, MLS data, and remarks and cite what I find.
FEATURES & AMENITIES
Interior
Exterior
Climate
THE FACTS
Pricing trajectory, room-by-room layout, schools, and what's nearby.
Price history
$300,000Listed· Jan 9, 2026
$279,900Reduced
↓ $20,100 (6.7% off original)
89 days on market
Layout
Primary bath
Shower Stall Full
Schools
MSD Pike Township
Elementary
Guion Creek Elementary School
Middle
Guion Creek Middle School
High
Pike High School
Neighborhood
- Downtown Indianapolis5.6 mi
- Zionsville Community HS9.0 mi
- Carmel Central Park9.6 mi
- Monon Trail (Carmel)10.2 mi
- Carmel High School10.8 mi
- Carmel Arts & Design District11.3 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
1,547 sq ft
Year Built
1960
Stories
One
Subdivision
Northern Estates
Bedrooms
3
Bathrooms
2 full
Garage
2 spaces
School District
MSD Pike Township
