4940 Dancer Dr, Indianapolis, IN 46237
OFF MARKET

4940 Dancer Dr
Indianapolis, IN 46237

South Emerson
  • 3 Beds
  • 1.5 Baths
  • 1,602 sqft (on 0.28 acres)

$241,700

Trulia Estimate
as of Aug 14, 2026
Est. Refi. Payment $1,516/mo*
Refinance Your Home

$241,700

Trulia Estimate
as of Aug 14, 2026
Est. Refi. Payment $1,516/mo*
Refinance Your Home
3 Beds
1.5 Baths
1,602 sqft
(on 0.28 acres)

Home Value

Trulia Estimate
$242K
Since last month
Decreased$10K (-3.9%)
Since last year
Decreased$4K (-1.7%)
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 +87% in the last 10 years
MonthEstimated value
2026
August 2026$243K
July 2026$240K
June 2026$253K
May 2026$250K
April 2026$248K
March 2026$246K
February 2026$243K
January 2026$235K
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
4932 Candy Spots Ct, Indianapolis, IN
0.15
Single-Family Home
$205,000
12/12/25
3
2
1,600
4928 Dancer Dr, Indianapolis, IN
0.03
Single-Family Home
$250,000
10/14/25
4
2
1,648
4829 Dancer Dr, Indianapolis, IN
0.13
Single-Family Home
$270,000
07/02/26
3
2
1,832
4945 Royal Orbit Ct, Indianapolis, IN
0.17
Single-Family Home
$265,000
06/30/26
3
2
1,600
4721 Dancer Dr, Indianapolis, IN
0.18
Single-Family Home
$330,000
11/26/25
3
2.5
1,933
4902 Dancer Dr, Indianapolis, IN
0.10
Single-Family Home
$279,000
05/27/26
4
3
2,011
5105 Bahia Dr, Indianapolis, IN
0.18
Single-Family Home
$225,000
05/18/26
3
1.5
1,332
4609 Tim Tam Cir, Indianapolis, IN
0.36
Single-Family Home
$134,581
02/25/26
3
2
1,646
5854 Brouse Dr, Indianapolis, IN
0.17
Single-Family Home
$225,000
08/07/26
3
2
1,248
4921 Candy Spots Dr, Indianapolis, IN
0.23
Single-Family Home
$254,900
04/22/26
4
2
1,836

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
4939 Dancer Dr, Indianapolis, IN 46237
0.02
$281,200
3
3
2,244
Off Market
4928 Dancer Dr, Indianapolis, IN 46237
0.03
$251,500
4
2
1,648
Off Market
5044 S Parterra Ct, Indianapolis, IN 46237
0.08
$187,000
3
1
1,068
Off Market
4942 Carry Back Ln, Indianapolis, IN 46237
0.07
$254,500
3
1.5
1,892
Off Market
4902 Dancer Dr, Indianapolis, IN 46237
0.10
$279,000
4
3
2,011
Recently Sold
4911 Carry Back Ln, Indianapolis, IN 46237
0.09
$237,800
3
2
1,592
Off Market
5720 Hacienda Ct, Indianapolis, IN 46237
0.11
$244,000
3
1.5
1,606
Off Market
4905 Carry Back Ln, Indianapolis, IN 46237
0.10
$294,300
4
2.5
2,630
Off Market
4835 Dancer Dr, Indianapolis, IN 46237
0.12
$251,600
3
2
1,385
Off Market
5837 Parterra Dr, Indianapolis, IN 46237
0.14
$226,800
3
2
1,212
Off Market
4829 Dancer Dr, Indianapolis, IN 46237
0.13
$270,000
3
2
1,832
Recently Sold
5112 S Parterra Ct, Indianapolis, IN 46237
0.14
$245,100
3
2
1,612
Off Market

Local Information

  • Map ViewExplore the area around 4940 Dancer Dr.
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1979
Lot Size
0.28 acres
Living Area
1,602 sqft
Price/Sqft
$151
Parking
Garage

About this House

This single-family home is located at 4940 Dancer Dr, Indianapolis, IN. 4940 Dancer Dr is in the South Emerson neighborhood in Indianapolis, IN and in ZIP code 46237. This property has 3 bedrooms, 2 bathrooms and approximately 1,602 sqft of floor space. This property has a lot size of 0.28 acres and was built in 1979.
4940 Dancer Dr, Indianapolis, IN 46237 is a 3 bedroom, 2 bathroom, 1,602 sqft single-family home in South Emerson, built in 1979. It is currently off market. The Trulia Estimate is $241,700, with a rent estimate of $1,764/month.

Home Details for 4940 Dancer Dr

Interior Features

Heating & Cooling
Heating: Other, GasAir ConditioningCooling System: CentralHeating Fuel: Other
Levels, Entrance, & Accessibility
Stories: 1
Interior Details
Number of Rooms: 8Ceiling Fan
Fireplace & Spa
Fireplace

Exterior Features

Exterior Home Features
Roof: AsphaltExterior: BrickFoundation Type: Crawl RaisedLawnPatio
Parking & Garage
GarageParking: Garage Attached

Property Information

Year Built
Year Built: 1979Year Updated: 1979
Property Type / Style
Property Type: Single Family Home

Community

Units in Building: 1

Lot Information

Lot Area: 0.28 acres

Price and Tax history

YearProperty taxTax assessment
2025
$2,207
$224,800
Home facts updated by county records

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
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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

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Homes for sale near 4940 Dancer Dr

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Off Market Homes Near 4940 Dancer Dr

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Frequently asked questions about 4940 Dancer Dr

  • What is 4940 Dancer Dr estimated to be worth?
    Trulia's estimated value for 4940 Dancer Dr in Indianapolis, IN is $241,700.
  • 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.
  • What do residents say about the South Emerson neighborhood?
    Residents describe the South Emerson neighborhood in Indianapolis, IN as easy to park in, dog-friendly, and well-kept. Most residents say you need a car. See recently sold homes in South Emerson, Indianapolis.
  • Does 4940 Dancer Dr have air conditioning?
    Yes, 4940 Dancer Dr in Indianapolis, IN has air conditioning.
  • How big is the lot at 4940 Dancer Dr?
    The lot at 4940 Dancer Dr in Indianapolis, IN is about 0.28 acres (12,240 sq ft).