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    7445 Melanie Ln Indianapolis, IN 46217

    For Sale
    $123,900

    Comfortable 2 bed, 1.5 bath condo near downtown Indianapolis.

    Property size:
    1,116 SF

    Property Features for 7445 Melanie Ln

    General Information

    Size
    1,116 SF

    Building Details

    Year built
    1981

    Source: Keller Williams Realty Indy Metro South Agent Edwina Withers

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Cozy Condo with Private Patio

    This 1116 square foot condominium features two bedrooms and 1.5 bathrooms. The upstairs contains two bedrooms with closet space. Downstairs, there is a half bath, a living room with a wood-burning fireplace, a kitchen with cabinets and counter space, and a separate dining room. The unit includes in-unit laundry, central HVAC, one assigned carport parking space, a storage shed, a new 200-amp electrical panel, and kitchen appliances. A private, fenced-in patio offers outdoor space. The HOA fee covers exterior maintenance, lawn care, and water. Located near shopping, dining, downtown Indianapolis, and parks, this condominium offers a blend of comfort, convenience, and privacy.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.15942
    Latitude
    39.657894

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    FAQs

    What type of property is this?
    Apartment building - Comfortable 2 bed, 1.5 bath condo near downtown Indianapolis.
    Where is this apartment building located?
    The property is located at 7445 Melanie Ln Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $123,900.
    What are key features of this property?
    This property features: - Private, fenced-in patio offers a rare outdoor living space.; - Convenient location close to shopping, dining, Downtown Indy, and parks.; - Low-maintenance living with HOA covering exterior maintenance, lawn care, and water.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7445 Melanie Ln Indianapolis, IN 46217
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