3941 Gray Arbor Dr, Indianapolis, IN 46237
OFF MARKET

3941 Gray Arbor Dr
Indianapolis, IN 46237

South Emerson
  • 3 Beds
  • 2 Baths
  • 1,200 sqft

$223,900

Trulia Estimate
as of Jul 6, 2026
Est. Refi. Payment $1,379/mo*
Refinance Your Home

$223,900

Trulia Estimate
as of Jul 6, 2026
Est. Refi. Payment $1,379/mo*
Refinance Your Home
3 Beds
2 Baths
1,200 sqft

Local Information

  • Map ViewExplore the area around 3941 Gray Arbor Dr.
  • Schools3 Elementary Schools2 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

Description

This single-family home is located at 3941 Gray Arbor Dr, Indianapolis, IN. 3941 Gray Arbor Dr is in the South Emerson neighborhood in Indianapolis, IN and in ZIP code 46237. This property has 3 bedrooms, 2 bathrooms and approximately 1,200 sqft of floor space. This property has a lot size of 7200 sqft and was built in 1997.
3941 Gray Arbor Dr, Indianapolis, IN 46237 is a 3 bedroom, 2 bathroom, 1,200 sqft single-family home in South Emerson, built in 1997. It is currently off market. The Trulia Estimate is $223,900, with a rent estimate of $1,659/month.

Home Highlights

Parking
Garage
Outdoor
Patio, Deck
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
Less than a day ago

Home Details for 3941 Gray Arbor Dr

Interior Features

Heating & Cooling
Heating: Other, GasAir ConditioningCooling System: CentralHeating Fuel: Other
Levels, Entrance, & Accessibility
Stories: 1Floors: Tile, Carpet, Laminate
Interior Details
Types of Rooms: Walk In Closet, Laundry Room, Master BathCeiling Fan
Appliances & Utilities
Cable ReadyDishwasherDisposalDryerMicrowaveRefrigeratorWasher

Exterior Features

Exterior Home Features
Roof: AsphaltDeckExterior: Vinyl, BrickPatio
Parking & Garage
GarageParking Spaces: 4Parking: Garage Attached

Property Information

Year Built
Year Built: 1997Year Updated: 1997
Property Type / Style
Property Type: Single Family HomeArchitecture: Ranch / Rambler

Community

Units in Building: 1

Lot Information

Lot Area: 7200 sqft

Market trends in Indianapolis

Last updated May 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$238K
$16.58KMoM
Sale-to-List Price
98.7%
0.4%MoM
Price per sq ft
$141
$7MoM
Available listings
3812
187MoM
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Property Tax and Assessment

Year2025
Tax$2,246
Assessment$218,600
Home facts updated by county records

Comparable Sales for 3941 Gray Arbor Dr

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
4038 Gray Arbor Way, Indianapolis, IN
0.09
Single-Family Home
$226,000
01/22/26
3
2
1,276
6436 Perry Pines Ct, Indianapolis, IN
0.20
Single-Family Home
$217,500
06/12/26
3
2
1,296
5825 Sapelo Dr, Indianapolis, IN
0.40
Single-Family Home
$242,000
08/04/25
3
2
1,212
3915 E Brunswick Ave, Indianapolis, IN
0.37
Single-Family Home
$239,000
12/15/25
3
2
1,212
2015 Pheasant Grove Dr, Danville, IN
0.45
Single-Family Home
$349,990
11/04/25
3
2
1,533
4140 E Cragmont Dr, Indianapolis, IN
0.16
Single-Family Home
$94,573
01/20/26
3
2
1,649
3916 Saint Simons Ct, Indianapolis, IN
0.45
Single-Family Home
$262,500
08/08/25
3
2
1,457
4307 Knoll Top Dr, Indianapolis, IN
0.29
Single-Family Home
$261,500
04/03/26
3
2
3,080
5773 Saint Simons Dr, Indianapolis, IN
0.44
Single-Family Home
$284,000
05/01/26
3
2
2,820
5519 Black Cherry Cir, Indianapolis, IN
0.68
Single-Family Home
$252,000
06/04/26
3
2
1,518

Nearby homes

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Assigned Schools

These are the assigned schools for 3941 Gray Arbor Dr.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

South Emerson
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about South Emerson

At least 85 Trulia users voted on each feature.

  • 91 % Say car is needed

  • 85 % Say parking is easy

  • 84 % Say kids play outside

  • 82 % Say it's dog friendly

  • 74 % Say yards are well-kept

  • 69 % Say there are sidewalks

  • 68 % Say there's holiday spirit

  • 62 % Say it's quiet

  • 50 % Say neighbors are friendly

  • 50 % Say people would walk alone at night

  • 44 % Say it's walkable to grocery stores

  • 42 % Say there's wildlife

  • 35 % Say it's walkable to restaurants

  • 33 % Say streets are well-lit

  • 33 % Say they plan to stay for at least 5 years

  • 18 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "there is great yard space to run and play and also tons of parks to take them for walks. "
    0
    Flag
  • Trulia User
    "Not a lot of strays. Lots of friendly dogs. Low speed limits. Most of the houses have big yards. Lots of neighborhoods to walk. "
    0
    Flag
  • Trulia User
    "I’ve lived in this beautiful neighborhood for 25 years, raised our sons here. Neighbors are friendly & keep an eye out for one another. Rarely do these homes go up for sale, so there isn’t much turnover. "
    6
    Flag
  • Lalcautergomez
    "Dogs are welcome, most of the neighborhood has dogs and people walks them all the time, and most if not all pick after them "
    1
    Flag
  • Hermelindo P.
    "There is safe to live in here and people are very friendly, so far is nice and calm, no problems with the neighborhood "
    3
    Flag
  • A
    "Some crime; petty theft/ break ins... weird people knock on your door sometimes. BUT management is really nice and the maintenance team is quick and efficient. "
    4
    Flag
  • Scissorhands_888
    "Small neighborhood with two streets to enter or exit. Low incidence of crime. Neighbors watch out for each other and communicate regularly."
    37
    Flag
  • Meddie D.
    "You see dog owners walking their dogs all the time and consistently looking out for each other's pets."
    2
    Flag
  • Dedra B.
    "great..good.. well festive... nice... non violent.. friendly... nice schools.... lots of restaurants.."
    2
    Flag
  • V
    "Schools in this area lack diversity. There are a few nice restaurants and lots of medical offices conveniently located."
    1
    Flag
  • Meddie D.
    "My neighborhood needs greater access to public transportation and better lighting for the streets. The traffic lights would do better with better synchronization."
    3
    Flag
  • Jahadley317
    "This is a great, quiet little area with good schools and easy access to downtown. It is a great place to start a family. Franklin township schools are the best in the city."
    1
    Flag
  • Donna S.
    "I am in a CDI Home Retirement Community. There are very good places to walk without having to get on busy roads. Convenient shopping and eating areas near Southport and also Beech Grove."
    2
    Flag

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Off Market Homes Near 3941 Gray Arbor Dr

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