738 Terrace Avenue

Indianapolis, IN
$ 625,000 Beds 4 Baths 4.5 Sq 2,920
Monthly Estimate* How much can I afford?

Built by Blankenship Custom Homes, this stunning custom-built home in the heart of Bates-Hendricks features a separate carriage house apartment and thoughtfully curated modern finishes throughout. This striking home offers an open-concept main level with soaring 10-foot ceilings, abundant natural light, wide-plank hardwood flooring, and seamless spaces designed for both everyday living and entertaining. The designer kitchen is the centerpiece of the home, showcasing custom cabinetry, quartz countertops, oversized island seating, high-end stainless steel appliances, statement lighting, and a spacious walk-in pantry. The living area features soaring ceilings and a sleek modern fireplace, creating a warm yet sophisticated atmosphere. Upstairs, both bedrooms feature private ensuite baths and large walk-in closets, providing ideal comfort and privacy. The finished basement expands the living space with an additional bedroom, full bath, wet bar, and flexible entertaining or guest space. Step outside to enjoy the oversized patio and fully fenced backyard - perfect for hosting, pets, or relaxing evenings outdoors. Above the garage, the private 1-bedroom carriage house offers incredible flexibility for guests, rental income, home office space, or multigenerational living. Located just minutes from downtown Indianapolis, Fountain Square, restaurants, nightlife, and all the energy of urban living, this one-of-a-kind property combines modern luxury with unbeatable location.

Active

  • Price
  • $ 625,000
  • City
  • Indianapolis
  • Bedrooms
  • 4
  • Full Bathrooms
  • 4
  • County
  • MARION
  • Half Bathrooms
  • 1
  • Area
  • Center
  • Lot Size
  • 0.08 Acres
  • Zip
  • 46203
  • Sqr Footage
  • 2,920
  • Year Built
  • 2023
  • Taxes
  • $ 7202
  • Style
  • Contemporary
  • MLS#
  • 22104558
Listed By: Tim Sewell with F.C. Tucker Company;
Data Source: MIBOR Broker Listing Cooperative

Features

General

Heating High Efficiency (90%+ AFUE )
Cooling Central Air
Possession Closing,Negotiable
Appliances Dishwasher,Disposal,Microwave,Gas Oven,Range Hood,Refrigerator,Water Heater
Garage Spaces 2
Patio/Porch Features Covered,Patio
Architectural Style Contemporary
Construction Materials Wood Siding
Year Built 2023
Township Center
Levels Two
Property Subtype Single Family Residence
Tax Year 2024
County Marion
New Construction No
Property Type Residential
HOA No
Subdivision Name South Park
Facing Direction South
Garage Y/N Yes
Total Rooms 13
Full Baths 4
Status Active
Directions GPS Friendly
City Indianapolis
High School District Indianapolis Public Schools
MLS Area 4910 - Marion - Center
Lot Size Square Feet 3398
Property Attached Y/N No
Current Financing Conventional,VA
Builder Name Blankenship Custom
Standard Status Active
Tax Lot 79
Legal Description South Park Add L79

Interior Features

Interior Amenities Bath Sinks Double Main,Kitchen Island,Pantry,Walk-In Closet(s),Wet Bar
Basement Ceiling - 9+ feet,Daylight,Egress Window(s),Finished
Total Fireplaces 1
Fireplace Features Electric,Family Room
Basement (Y/N) Yes
Half Baths 1
Laundry Features Laundry Closet,Upper Level
Total Bedrooms 4
Below Grade Finished Area 840
LivingAreaSource Assessor
Total Baths 5

Exterior Features

Exterior Amenities Carriage/Guest House
Parking Features Detached
Lot Features Sidewalks,Street Lights
Water Source Public
Foundation Details Concrete Perimeter
Spa No
Building Area Total 2920
Lot Size Acres 0.08
Waterfront Y/N No
Other Equipment None
Horse Amenities None

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Columbus, IN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

5/28/2026 Listed $649,000
6/10/2026 2% - $640,000
7/24/2026 2% - $630,000
9/3/2026 1% - $625,000

Property vs Zip Code Average in 46203

Price
AVG $270K
$630K
Taxes
AVG $3,235
$7,202
Year Built
AVG 1948
2023
Visits
AVG 98
164
Data Provided by Inside Real Estate®

738 Terrace Avenue Indianapolis, IN is a Single Family Home for sale at $625000 with 2920 sqft and a lot size of 0.08 Acres Acre(s). 738 Terrace Avenue Indianapolis has 4 bedrooms, 4 baths and was built in 2023. The property's zip code is 46203 which is in Indianapolis, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.