738 Terrace Avenue Indianapolis IN 46203 (House For Sale) | MLS 22104558
Frequently Asked Questions
Are house prices dropping in Indianapolis?
The house prices in Indianapolis are indeed dropping at the moment. There has been a decrease in price of $11,590.12. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.
What is the housing market like in Indianapolis at this time?
The housing market and house prices in Indianapolis are going down. The average house price is $262,593.00 and the average price per square feet is $154.69 per square foot. At the moment, there are 18657 homes listed - 2889 active, 1461 pending, and 14307 sold in Indianapolis.
What is the most popular place to buy a house in Indianapolis?
The most popular place to buy a home in Indianapolis is 4910 - Marion - Center. 4910 - Marion - Center has the most properties listed and appears to have the highest demand.
What is the amount of property taxes you have to pay for a house in Indianapolis?
The average amount of property taxes you would have to pay for a home in Indianapolis is $3,545.13. Property taxes are tied to the value of the home - the more expensive the home, the higher the taxes.
How fast are houses listed in Indianapolis being sold?
Properties in Indianapolis stay on the market for an average of 88 days. A lower number of days indicates a seller's market, while a higher number indicates a buyer's market.
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The last home listed in Indianapolis was 1309 minutes ago.
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Currently, there are 49 open houses available for viewing in Indianapolis.
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The cost of the most expensive home in Indianapolis is $5,400,000.00. Expensive homes often come with better amenities, larger spaces, and faster appreciation.
What is the cheapest house in Indianapolis?
The cost of the cheapest home in Indianapolis is $1,000.00. Buying a cheaper home can keep payments low and leave room for customization.
How old are the homes in Indianapolis?
The oldest home in Indianapolis was built in 1848, and the newest in 2026.
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The average property size in Indianapolis is 2093.98 sq.ft., the largest being 13549 sq.ft., and the smallest being 200 sq.ft.
Additional Details
Property Details
Lot Dimensions:
3398
Lot Features:
Sidewalks, Street Lights
Water Source:
Public
Main Level Sq. Ft.:
840
Upper Level Sq. Ft.:
1, 240
Total Sq. Ft.:
2, 920
Basement:
Yes
Directions:
GPS Friendly
Interior Features
Bath Sinks Double Main, Kitchen Island, Pantry, Walk In Closet(S), Wet Bar
Appliances
Dishwasher, Disposal, Microwave, Gas Oven, Range Hood, Refrigerator, Water Heater
Cool
Central Air
Water Heater
Dishwasher, Disposal, Microwave, Gas Oven, Range Hood, Refrigerator, Water Heater
Heat
High Efficiency (90%+ AFUE )
Total Rooms
13 Rooms
Tax and Financial Info
Semi-Annual Property Tax:
$3, 601
Tax Year:
2024
Quick View
Address:
738 Terrace Avenue Indianapolis IN 46203
Status:
Active
On Site:
35 Days On Site
Price:
$640, 000
Bedrooms:
4 Beds
Bathrooms:
4 Full Baths, 1 Half Baths
Sq. Feet:
2, 920
Year Built:
2023
Lot Size:
0.08
County:
Marion
Township:
Center
MLS #:
22104558
Property Type:
Single Family Residence
Exterior Type
Wood Siding
Community Information
Description
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.
Source: MIBOR as distributed by MLS GRID, MLS ID: 22104558
Listing provided courtesy of Tim Sewell 317-843-7766 with F.C. Tucker Company
Last Updated: 6/16/2026 | 6:43 PM
Home Details
Status: Active
Price: $640,000
Address: 738 Terrace Avenue, Indianapolis, IN 46203
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 s...
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Source: MIBOR as distributed by MLS GRID, MLS ID: 22104558
Listing provided courtesy of Tim Sewell 317-843-7766 with F.C. Tucker Company
Near Southside features convenient access to numerous local businesses, including restaurants and coffee shops, located just around the corner. The neighborhood supports a bike-friendly atmosphere with reasonable cycling infrastructure available for transportation needs. Educational institutions, including both primary and secondary schools, are situated within close reach, offering accessible options for residents. Green spaces and parks are abundantly available in nearby neighborhoods, providing welcoming outdoor opportunities. Its housing stock largely consists of spacious two- and three-bedroom detached homes with a charming, historic character from growth before 1960. Easy access to major highways like I-70 and available parking add to transportation convenience in this neighborhood.
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