4601 Stone Mill Dr, Indianapolis, IN 46237
OFF MARKET

4601 Stone Mill Dr
Indianapolis, IN 46237

South Emerson
  • 3 Beds
  • 2 Baths
  • 1,796 sqft

$249,800

Trulia Estimate
as of Aug 3, 2026

$249,800

Trulia Estimate
as of Aug 3, 2026
3 Beds
2 Baths
1,796 sqft

Local Information

  • Map ViewExplore the area around 4601 Stone Mill Dr.
  • Schools3 Elementary Schools2 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1994
Living Area
1,796 sqft
Price/Sqft
$139
Parking
Garage

About this House

This home is a Real Estate Owned (REO)/Post Foreclosure. Once a lender has foreclosed on a property it is soon put up for public auction. If bids fall short of the asking price the bank will buy back the home and attempt to sell it on the open market. However, lenders are not real estate agents, meaning that they will often accept offers significantly below market value!
4601 Stone Mill Dr, Indianapolis, IN 46237 is a 3 bedroom, 2 bathroom, 1,796 sqft single-family home in South Emerson, built in 1994. It last sold for $120,000 on Jul 8, 2015. It is currently off market. The Trulia Estimate is $249,800, with a rent estimate of $1,958/month.

Home Details for 4601 Stone Mill Dr

Interior Features

Heating & Cooling
Heating: OtherAir ConditioningCooling System: CentralHeating Fuel: Other
Levels, Entrance, & Accessibility
Stories: 2
Fireplace & Spa
Fireplace

Exterior Features

Exterior Home Features
Roof: AsphaltFoundation Type: Crawl Raised
Parking & Garage
GarageParking Space: 1Parking: Garage Attached

Property Information

Year Built
Year Built: 1994Year Updated: 1994
Property Type / Style
Property Type: Single Family Home

Community

Units in Building: 1

Lot Information

Lot Area: 9104 sqft

Price History for 4601 Stone Mill Dr

DatePriceEventSource
07/08/2015$120,000Sold
N/A
05/20/2010$73,500Sold
MIBOR as distributed by MLS GRID #21016039
02/22/2010$118,827Sold
N/A
02/28/2003$117,500Sold
MIBOR as distributed by MLS GRID #2257699

Market trends in Indianapolis

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$243K
$9.18KMoM
Sale-to-List Price
99.2%
0.5%MoM
Price per sq ft
$143
$3MoM
Available listings
3885
69MoM
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Property Tax and Assessment

Year2025
Tax$3,265
Assessment$261,600
Home facts updated by county records

Comparable Sales for 4601 Stone Mill Dr

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
4407 Stone Mill Dr, Indianapolis, IN
0.12
Single-Family Home
$250,000
03/02/26
3
2
1,772
5839 Red Maple Dr, Indianapolis, IN
0.17
Single-Family Home
$375,000
11/14/25
3
2
1,794
5943 Red Maple Dr, Indianapolis, IN
0.22
Single-Family Home
$333,000
10/10/25
3
2
1,574
4430 Dudley North Dr, Indianapolis, IN
0.31
Single-Family Home
$200,000
07/31/26
3
1.5
2,112
4311 Stone Mill Dr, Indianapolis, IN
0.18
Single-Family Home
$228,000
10/20/25
4
3
1,848
5519 Black Cherry Cir, Indianapolis, IN
0.49
Single-Family Home
$252,000
06/04/26
3
2
1,518
3916 Saint Simons Ct, Indianapolis, IN
0.49
Single-Family Home
$262,500
08/08/25
3
2
1,457
5773 Saint Simons Dr, Indianapolis, IN
0.40
Single-Family Home
$284,000
05/01/26
3
2
2,820
3915 E Brunswick Ave, Indianapolis, IN
0.51
Single-Family Home
$239,000
12/15/25
3
2
1,212
4330 N Dudley North Dr, Indianapolis, IN
0.31
Single-Family Home
$236,500
06/05/26
4
1.5
1,500

Nearby homes

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Assigned Schools

These are the assigned schools for 4601 Stone Mill 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

  • 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

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Homes for sale near 4601 Stone Mill Dr

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Off Market Homes Near 4601 Stone Mill Dr

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