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$279,9004416 Melbourne Road
For Sale89 days on market

4416 Melbourne Road

Indianapolis, Indiana 46228

Northern Estates

$279,900

$300,000

Schedule a Showing

3

Beds

2

Baths

1,547

Sq Ft

1960

Year Built

0.32

Acres

Sheldon Barnes, Carmel Realtor

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Sheldon Barnes is a Carmel realtor and licensed real estate agent serving Indianapolis, Indiana and the rest of Hamilton County. Book a private tour of 4416 Melbourne Road in Northern Estates, ask any question about this home, or talk through what you should know about buying in Indianapolis.

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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.

Listed by Wendy Vivirito· Keller Williams Indpls Metro N· MLS# 22079018

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

  1. Price reduced$289,900 → $279,900

    Apr 7, 2026

  2. Listedat $300,000

    Jan 9, 2026

Sold
2
Median price
$330,000
Median DOM
134 days

Comparative value

5 comps in this range

This home is 9.8% above median for similar nearby sales.

$225K$293KMedian $255K
$280K

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

Attic AccessHardwood FloorsEat-in KitchenHi-Speed Internet Availbl

Exterior

Barn Mini

Climate

Heat: Forced AirHeat: Natural GasCool: Central Air

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

Main
328 rooms1,547 sq ft

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

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