5341 N Melbourne Road

Indianapolis, IN
$ 284,900 Beds 3 Baths 2.5 Sq 1,776 Virtual Tour
Monthly Estimate* How much can I afford?

This beautifully remodeled two-story home sits directly on a spacious pond and offers stunning water views throughout and yard is freshly landscaped. The home features an updated kitchen with brand-new stainless steel appliances, a sit-up bar, and a bright breakfast room. From the breakfast area, step onto a brand-new, oversized wood deck overlooking the pond-perfect for relaxing evenings after a long day. Updates include luxury vinyl plank flooring throughout the main level, new carpet and LVP upstairs, new vanities in all three bathrooms, updated brushed-nickel plumbing and light fixtures, fresh interior and exterior paint, and a brand-new high-efficiency heat pump system. Enter from the garage into a convenient mudroom with access to the remodeled kitchen and the downstairs bath. Enjoy meals in the breakfast room or the formal dining area, which is part of the open living/dining room combination. Upstairs, a spacious family room connects to all three bedrooms. The large primary suite features a vaulted ceiling, walk-in closet, garden tub, and walk-in shower. Additional highlights include six-panel doors throughout and a layout that feels like a brand-new home thanks to extensive updates. The home shows exceptionally well and is conveniently located near I-65 and shopping.

Active

  • Price
  • $ 284,900
  • City
  • Indianapolis
  • Bedrooms
  • 3
  • Full Bathrooms
  • 2
  • County
  • MARION
  • Half Bathrooms
  • 1
  • Area
  • Pike
  • Lot Size
  • 0.12 Acres
  • Zip
  • 46228
  • Sqr Footage
  • 1,776
  • Year Built
  • 2000
  • Taxes
  • $ 2572
  • Style
  • Traditional
  • MLS#
  • 22075363
Listed By: Michael Levin with Zenith Realty & Bus. Advisors;
Data Source: MIBOR Broker Listing Cooperative

Features

General

Heating Electric,Forced Air,Heat Pump,High Efficiency (90%+ AFUE )
Cooling Central Air
Utilities Electricity Connected,Sewer Connected,Water Connected
Possession Closing
Appliances Dishwasher,Disposal,MicroHood,Electric Oven,Refrigerator,Water Heater
Garage Spaces 2
Patio/Porch Features Deck
Architectural Style Traditional
Construction Materials Vinyl With Brick
Year Built 2000
Electric 200+ Amp Service
View Pond
Township Pike
Levels Two
Property Subtype Single Family Residence
Tax Year 2024
Waterfront Features Pond,Water View,Waterfront
County Marion
New Construction No
Property Type Residential
HOA No
Subdivision Name Morningside
Garage Y/N Yes
Total Rooms 9
Full Baths 2
Status Active
Directions GPS Friendly
City Indianapolis
High School District MSD Pike Township
MLS Area 4902 - Marion - Pike
Lot Size Square Feet 5271
Property Attached Y/N No
Current Financing Conventional,FHA,VA
Property Condition Updated/Remodeled
Standard Status Active
Tax Lot 49-06-08-128-053.000-600
Legal Description Morningside Section 2 L110

Interior Features

Interior Amenities Breakfast Bar,Vaulted Ceiling(s),Paddle Fan,Eat-in Kitchen,Pantry,Smart Thermostat,Walk-In Closet(s),Wood Work Painted
Basement (Y/N) No
Half Baths 1
Laundry Features Laundry Closet
Total Bedrooms 3
LivingAreaSource Assessor
Total Baths 3

Exterior Features

Parking Features Attached,Concrete
Lot Features Curbs,Sidewalks,Mature Trees
Water Source Public
Foundation Details Slab
Building Area Total 1776
Lot Size Acres 0.12
Waterfront Y/N Yes
Horse Amenities None

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Columbus, IN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

12/1/2025 Listed $324,900
12/30/2025 4% - $314,900
1/10/2026 4% - $304,900
1/17/2026 2% - $299,900
3/18/2026 2% - $294,900
5/14/2026 2% - $289,900
6/27/2026 2% - $284,900

Property vs Zip Code Average in 46228

Price
AVG $700K
$280K
Taxes
AVG $5,416
$2,572
Year Built
AVG 1975
2000
Visits
AVG 84
417
Data Provided by Inside Real Estate®

5341 N Melbourne Road Indianapolis, IN is a Single Family Home for sale at $284900 with 1776 sqft and a lot size of 0.12 Acres Acre(s). 5341 N Melbourne Road Indianapolis has 3 bedrooms, 2 baths and was built in 2000. The property's zip code is 46228 which is in Indianapolis, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.