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48 Gazebo Drive, Indianapolis, IN 46227

Meridian Place · Marion County

Key Facts

3Beds
2Baths
1,159Sq Ft
2005Year Built
0.10Lot (acres)
2Garage

Description

Freshly updated and move-in ready, this beautifully refreshed 3-bedroom, 2-bath ranch offers the perfect blend of comfort, style, and convenience in the established Meridian Place community. Recent improvements include brand-new carpet throughout the living room, hallway, bedrooms, and closets, along with new luxury vinyl plank flooring in the foyer, kitchen, and laundry room, creating a clean, modern feel from the moment you step inside. The inviting living room features a vaulted ceiling and cozy wood-burning fireplace, while the adjoining kitchen and dining area provide an ideal layout for both everyday living and entertaining. The spacious primary suite offers a walk-in closet and private full bath, with two additional bedrooms providing flexibility for guests, a home office, or hobbies. Outside, refreshed landscaping enhances the home's curb appeal, while the rear patio offers the perfect place to enjoy your morning coffee or unwind at the end of the day. The manageable backyard provides outdoor space without the upkeep of a larger lot. An attached two-car garage adds convenience and additional storage. Ideally located just minutes from I-465, US-31, shopping, dining, parks, and everyday amenities, this thoughtfully updated home is equally suited for first-time buyers, those looking to downsize, or investors seeking a turnkey rental opportunity. With its recent updates and move-in-ready condition, this is one you won't want to miss-schedule your private showing today.

Property Information

Property Type

Residential

Sub-Type

Single Family Residence

Style

Ranch

Year Built

2005

Living Area

1,159 sq ft

Lot Size

0.10 acres

Garage Spaces

2

Days on Market

131

MLS® Listing#

22078469

Property Features

Interior

Vaulted Ceiling(s)Entrance FoyerEat-in KitchenSmart ThermostatWalk-In Closet(s)

Exterior

Lighting

Appliances

DishwasherElectric Water HeaterDisposalElectric OvenRefrigeratorWater Heater

Cooling

Central Air

Heating

Forced AirElectric

Fireplace

Living RoomWood Burning

Parking

Garage Door OpenerAttached

Laundry

Main Level

Patio

CoveredPatio

Construction

Vinyl Siding

Foundation

Slab

Security

Smoke Detector(s)

Utilities

Electricity ConnectedSewer ConnectedWater Connected

Water Source

Public

Financial Details

HOA

$270 / Annually

Parcel Number

491136119041000500

Directions

GPS Friendly

Affordability Calculator

$44,400

Estimated monthly payment

$1,182/mo

Principal $177,600 · Est. interest $247,768 over 30 yrs

Neighborhood Market Statistics

How this home compares to active listings in Indianapolis, IN

$276,705
Median Listing Price
55
Median Days on Market
1,638
Median Sq Ft
$159
Median Price / Sq Ft
3,249
Active Listings
  • This home’s price is 20% below the area median.
  • Its price per sq ft is 20% above the area median.

Market statistics compiled from active EXIT Realty® and MLS listings in Indianapolis, IN.

Location

Map showing the location of 48 Gazebo Drive, Indianapolis, IN 46227

Getting Around

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Points of Interest in Indianapolis, IN

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Nearby Schools

  • Montessori Garden Academy

    Elementary · 0.6 mi away

  • Abraham Lincoln Elementary School

    Elementary · 0.9 mi away

  • St. Roch Catholic School

    Secondary · 1.0 mi away

  • William Henry Burkhart Elementary School

    Elementary · 1.1 mi away

  • The Excel Center

    Secondary · 1.1 mi away

  • Rise Learning Center

    School · 1.3 mi away

  • Todd Academy

    School · 1.8 mi away

  • Christel House Academy South

    Secondary · 2.0 mi away

  • Providence Cristo Rey High School

    Secondary · 2.0 mi away

  • Emma Donnan Middle School

    Elementary · 2.0 mi away

  • Central Catholic School

    School · 2.1 mi away

  • Southport High School

    Secondary · 2.1 mi away

  • Ptec Preschool

    School · 2.3 mi away

  • Calvary Christian School

    School · 2.3 mi away

  • Southport 6th Grade Academy

    School · 2.3 mi away

  • Southport Middle School

    Secondary · 2.3 mi away

  • Emmerich Manual High School

    Secondary · 2.4 mi away

  • Southside Christian School Alumni

    School · 2.4 mi away

  • Clinton Young Elementary School

    Elementary · 2.5 mi away

  • Homecroft Elementary School

    Elementary · 2.6 mi away

Commute Calculator

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Moving Cost Estimate

EXIT Agents in Indianapolis

Listing Courtesy: Steve Lew Real Estate Group, LLC - isaiah@listwithlew.com

Listings courtesy of MIBOR as distributed by MLS GRID. IDX information is provided exclusively for consumers’ personal non-commercial use. This data may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable but is not guaranteed by MLS GRID, use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Last Updated: 2026-03-04

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Data provided by MIBOR. MLS® Listing#22078469. © 2026EXIT Realty®. All rights reserved.