3947 Gray Arbor Dr, Indianapolis, IN 46237
Property image
Property image
OFF MARKET

$226,900

Trulia Estimate
  • 3 Beds
  • 2 Baths
  • 1,363 sqft

3947 Gray Arbor Dr, Indianapolis, IN 46237

South Emerson
Est. Refi. Payment $1,397/mo*
Refinance Your Home
Currently Off Market - Sold Apr 27, 2006 for $104,000

Home Value

Trulia Estimate
$227K
Since last month
Decreased$1K (-0.6%)
Since last year
Increased$4K (+1.6%)
Since last sale
Increased$123K (+117.8%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +128% in the last 10 years
MonthEstimated value
2026
August 2026$227K
July 2026$228K
June 2026$228K
May 2026$229K
April 2026$224K
March 2026$223K
February 2026$222K
January 2026$218K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
6436 Perry Pines Ct, Indianapolis, IN
0.20
Single-Family Home
$217,500
06/12/26
3
2
1,296
4038 Gray Arbor Way, Indianapolis, IN
0.09
Single-Family Home
$226,000
01/22/26
3
2
1,276
4140 E Cragmont Dr, Indianapolis, IN
0.15
Single-Family Home
$94,573
01/20/26
3
2
1,649
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
0.44
Single-Family Home
$349,990
11/04/25
3
2
1,533
4307 Knoll Top Dr, Indianapolis, IN
0.28
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
3602 Redwood Dr, Indianapolis, IN
0.81
Single-Family Home
$117,597
06/01/26
3
2
1,816
4407 Stone Mill Dr, Indianapolis, IN
0.53
Single-Family Home
$250,000
03/02/26
3
2
1,772
5519 Black Cherry Cir, Indianapolis, IN
0.68
Single-Family Home
$252,000
06/04/26
3
2
1,518

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
4038 Gray Arbor Way, Indianapolis, IN 46237
0.09
$226,000
3
2
1,276
Recently Sold
3916 Gray Arbor Way, Indianapolis, IN 46237
0.07
-
3
2
1,014
Off Market
6115 S Gray Rd, Indianapolis, IN 46237
0.17
$264,400
3
2
1,890
Off Market
4212 Fairhope Dr, Indianapolis, IN 46237
0.15
$233,400
3
1
1,416
Off Market
4204 E Cragmont Dr, Indianapolis, IN 46237
0.16
$252,500
3
2
1,234
For Sale
4222 Fairhope Dr, Indianapolis, IN 46237
0.16
$224,500
3
1
1,196
Off Market
4221 Southport Trace Dr, Indianapolis, IN 46237
0.21
$429,000
5
2.5
3,995
For Sale
6432 Perry Pines Ct, Indianapolis, IN 46237
0.18
$245,900
4
2
1,820
Off Market
4231 E Fairhope Dr, Indianapolis, IN 46237
0.20
$271,100
3
2
2,958
Off Market
6424 Perry Pines Ct, Indianapolis, IN 46237
0.18
$221,700
3
2
1,252
Off Market
6436 Perry Pines Ct, Indianapolis, IN 46237
0.20
$217,500
3
2
1,296
Recently Sold
4307 Knoll Top Dr, Indianapolis, IN 46237
0.28
$261,500
3
2
3,080
Recently Sold

Local Information

  • Map ViewExplore the area around 3947 Gray Arbor Dr.
  • Schools3 Elementary Schools2 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1997
Living Area
1,363 sqft
Price/Sqft
$166
Parking
Garage

About this House

This single-family home is located at 3947 Gray Arbor Dr, Indianapolis, IN. 3947 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 1,363 sqft of floor space. This property has a lot size of 7187 sqft and was built in 1997.
3947 Gray Arbor Dr, Indianapolis, IN 46237 is a 3 bedroom, 2 bathroom, 1,363 sqft single-family home in South Emerson, built in 1997. It last sold for $104,000 on Apr 27, 2006. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $226,900, with a rent estimate of $1,775/month.

Home Details for 3947 Gray Arbor Dr

Interior Features

Levels, Entrance, & Accessibility
Stories: 1
Interior Details
Number of Rooms: 6
Heating & Cooling
Air ConditioningCooling System: Central

Exterior Features

Exterior Home Features
Roof: Asphalt
Parking & Garage
GarageParking: Garage Attached

Property Information

Year Built
Year Built: 1997Year Updated: 2016
Property Type / Style
Property Type: Single Family Home

Community

Units in Building: 1

Lot Information

Lot Area: 7187 sqft

Price and Tax history

DateEventPrice
Apr 27, 2006
Source: MIBOR as distributed by MLS GRID #2610169
Sold
$104,000

Market trends in South Emerson

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$242K
Sale-to-List Price
99.9%
Price per sq ft
$155
Available listings
68
4MoM

Around this home

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

  • 45 % 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

LGBTQ Local Legal Protections

Frequently asked questions about 3947 Gray Arbor Dr

  • What is 3947 Gray Arbor Dr estimated to be worth?
    Trulia's estimated value for 3947 Gray Arbor Dr in Indianapolis, IN is $226,900.
  • What is the price history for 3947 Gray Arbor Dr?
    3947 Gray Arbor Dr in Indianapolis, IN last sold for $104,000 in April 2006.
  • Is Indianapolis a buyer's or seller's market?
    Indianapolis is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in Indianapolis?
    The median sale price in Indianapolis is $242K.
  • Does 3947 Gray Arbor Dr have air conditioning?
    Yes, 3947 Gray Arbor Dr in Indianapolis, IN has air conditioning.
  • How big is the lot at 3947 Gray Arbor Dr?
    The lot at 3947 Gray Arbor Dr in Indianapolis, IN is about 0.16 acres (7,187 sq ft).

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Off Market Homes Near 3947 Gray Arbor Dr

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