$3,000,000
SOLD DEC 15, 2025

502 Forest Blvd Indianapolis, IN 46240

4 Beds
5.5 Baths
7,299 Sq Ft
1.11 Acres

Recently Sold

$411 Per Sq Ft

12% Below List Price

34 Days on Market

Highlights

  • Updated Kitchen
  • 1.11 Acre Lot
  • Wolf Appliances
  • North Central High School Rated A-
  • Mature Trees
  • Fireplace in Primary Bedroom

About This Home

As of December 2025

Elevated on a lush 1.10-acre stunning corner lot in the Town of Williams Creek, this neighborhood favorite 1934 classic is beautifully reimagined for modern living. Located in one of Indianapolis's most desirable neighborhoods, Williams Creek offers a rare blend of historic charm, mature trees, and quiet streets. The home blends historic character including original hardwoods, leaded glass windows, and Tudor-arched doorways with refined, designer-driven updates. The layout features plenty of room to entertain or relax, including a stylish great room which opens to the chef's kitchen with Wolf & Sub-Zero appliances, separate formal living and dining room, a cozy den with marble cabinetry and smart shades. The home has two flexible office spaces & four spacious en-suite bedrooms including a serene primary suite with spa-like bathroom with walk-in tiled shower, huge dual walk-in closets. The lower level offers a cozy theater room with a gas fireplace, entertaining kitchen, and dedicated gym. Outdoors, a fully transformed and tranquil retreat includes a complete outdoor kitchen with Alfresco grill, covered lounge with fireplace and mounted TV, bar seating, covered hot tub with private dressing room, meandering creek-like water feature, and Indiana limestone hardscaping. Updated mechanicals including HVAC, smart systems, and commercial-grade Wi-Fi make this home truly turnkey. This rare opportunity in a prime Indianapolis location will not last long!

Last Agent to Sell the Property

Mary Wernke

Encore Sotheby's International License #RB16000315 Listed on: 09/05/2025

Encore Sotheby's International

Last Buyer's Agent

Chris Duke

Elite Indy Realty Group License #RB14048730

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $27,616

Year Built

  • Built in 1934

Lot Details

  • 1.11 Acre Lot
  • Sprinkler System
  • Mature Trees
  • Wooded Lot

Parking

  • 3 Car Attached Garage
  • Parking Storage or Cabinetry
  • Side Facing Garage
  • Garage Door Opener

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 2-Story Property
  • Built-In Features
  • Woodwork
  • Vaulted Ceiling
  • Family Room with Fireplace
  • 3 Fireplaces
  • Formal Dining Room

Kitchen

  • Updated Kitchen
  • Dumbwaiter
  • Breakfast Bar
  • Double Oven
  • Gas Cooktop
  • Dishwasher
  • Wolf Appliances
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Basement

  • Partial Basement
  • Sump Pump
  • Fireplace in Basement

Home Security

  • Security System Owned
  • Fire and Smoke Detector

Outdoor Features

  • Patio

Schools

  • Willow Lake Elementary School
  • Northview Middle School
  • North Central High School

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Water Softener is Owned

Community Details

  • No Home Owners Association
  • Williams Creek Estates Meridian Hills Subdivision

Listing and Financial Details

  • Tax Lot 79
  • Assessor Parcel Number 490323122079000817
  • Seller Concessions Not Offered

Home Details

Home Type

Single Family

Est. Annual Taxes

$27,616

Year Built

Built in 1934

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2024
  • Year Built: 1934
  • Building Area Total: 7567
  • Garage Y N: Yes
  • Lot Size Acres: 1.11
  • On Market Date: 2025-09-05
  • Subdivision Name: Williams Creek Estates Meridian Hills
  • Transaction Type: Sale
  • Accessibility Features YN: No
  • Special Features: VirtualTour

Interior Features

  • Basement: Yes
  • Basement Type: Partial
  • Appliances: Gas Cooktop, Dishwasher, Dryer, Disposal, Double Oven, Refrigerator, Washer, Gas Water Heater, Humidifier, Water Softener Owned
  • Levels: Two
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bathrooms: 6
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 1961
  • Fireplace Features: Basement, Primary Bedroom, Family Room
  • Fireplaces: 3
  • Interior Amenities: Built-in Features, High Ceilings, Vaulted Ceiling(s), Walk-In Closet(s), Hardwood Floors, WoodWorkStain/Painted, Breakfast Bar, Dumbwaiter, Kitchen Island
  • Living Area: 7299
  • Other Equipment: Security System Owned, Smoke Alarm, Sump Pump
  • Eating Area: Formal Dining Room
  • Basement Full Bathrooms: 1
  • Main Level Full Bathrooms: 0
  • Main Level Sq Ft: 2669
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 1
  • Kitchen Features: Kitchen Updated
  • Upper Level Sq Ft: 2669

Exterior Features

  • Construction Materials: Brick
  • Exterior Features: Sprinkler System
  • Foundation Details: Block
  • Patio And Porch Features: Patio

Garage/Parking

  • Garage Spaces: 3
  • Parking Features: Asphalt, Attached, Garage Door Opener, Garage Faces Side, Storage

Utilities

  • Utilities: Cable Available, Natural Gas Connected
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Water Source: Public
  • Solid Waste: No

Condo/Co-op/Association

  • Association YN: No

Schools

  • Middle Or Junior School: Northview Middle School

Lot Info

  • Lot Features: Mature Trees, Wooded
  • Property Attached Yn: No
  • Horse Amenities: None
  • Lot Size Sq Ft: 48160
  • Parcel Number: 490323122079000817
  • Acres: 1-3 Acres

Tax Info

  • Tax Annual Amount: 27616
  • Tax Lot: 79
  • Semi Annual Property Tax Amt: 13808
  • Tax Exemption: Homestead Tax Exemption

MLS Schools

  • Elementary School: Willow Lake Elementary School
  • High School: North Central High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2017
Closed on
Nov 10, 2017
Sold by
Polak Jonathan
Bought by
James P
Seller's Agent
Sue Lerchen
F.C. Tucker Company
Buyer's Agent
Libby Somerville
Compass Indiana, LLC
List Price
$1,850,000
Sold Price
$1,775,000
Premium/Discount to List
-$75,000
-4.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.66%
Original Mortgage
$1,420,000
Outstanding Balance
$1,177,095
Interest Rate
3.63%
Mortgage Type
New Conventional
Estimated Equity
$2,061,301

Purchase Details

Listed on
Mar 16, 2012
Closed on
Apr 26, 2012
Sold by
Dodge N P
Bought by
Polak Jonathan and Polak Rebecca
Seller's Agent
Ted Butz
Dropped Members
Buyer's Agent
Linda Claffey
List Price
$1,430,000
Sold Price
$1,430,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.02%
Original Mortgage
$1,144,000
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 16, 2012
Closed on
Apr 25, 2012
Sold by
Hughes James P and Stewart Holly D
Bought by
Dodge N P and National Equity Inc
Seller's Agent
Ted Butz
Dropped Members
Buyer's Agent
Linda Claffey
List Price
$1,430,000
Sold Price
$1,430,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,144,000
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 19, 2010
Sold by
Himelstein Phillip E and Himelstein Lynne S
Bought by
Hughes James P and Stewart Holly D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$975,000
Interest Rate
4.81%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $1,775,000 --
Deed -- --
Special Warranty Deed -- Stewart Title
Warranty Deed -- None Available
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,420,000 New Conventional
Previous Owner $1,144,000 New Conventional
Previous Owner $975,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/15/2025 12/15/25 Sold $3,000,000 -11.8% $411 / Sq Ft
10/09/2025 10/09/25 Pending -- -- --
09/05/2025 09/05/25 For Sale $3,400,000 +91.5% $466 / Sq Ft
11/10/2017 11/10/17 Sold $1,775,000 -4.1% $254 / Sq Ft View Prior Sale
08/08/2017 08/08/17 Pending -- -- --
08/03/2017 08/03/17 For Sale $1,850,000 +29.4% $265 / Sq Ft
05/21/2012 05/21/12 Sold $1,430,000 0.0% $210 / Sq Ft View Prior Sale
03/21/2012 03/21/12 Pending -- -- --
03/16/2012 03/16/12 For Sale $1,430,000 -- $210 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $29,566 $1,913,700 $150,600 $1,763,100
2023 $29,566 $2,044,600 $150,600 $1,894,000
2022 $28,022 $1,886,200 $150,600 $1,735,600
2021 $26,778 $1,833,800 $150,600 $1,683,200
2020 $22,747 $1,669,300 $150,600 $1,518,700
2019 $20,706 $1,644,000 $150,600 $1,493,400
2018 $20,025 $1,637,600 $150,600 $1,487,000
2017 $19,181 $1,592,700 $150,600 $1,442,100
2016 $16,155 $1,463,300 $150,600 $1,312,700
2014 $15,486 $1,455,800 $150,600 $1,305,200
2013 $15,450 $1,449,500 $150,600 $1,298,900
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22055965

MIBOR Broker Listing Cooperative®

APN: 49-03-23-122-079.000-817