$3,400,000

502 Forest Blvd Indianapolis, IN 46240

Estimated payment $20,683/month

Total Views 1,014
4 Beds
5.5 Baths
7,299 Sq Ft
$466 Price per Sq Ft

Highlights

  • Very Popular Property
  • 1.11 Acre Lot
  • Mature Trees
  • North Central High School Rated A-
  • Dumbwaiter
  • Wolf Appliances

About This Home

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!

Listing Agent

Mary Wernke

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

Encore Sotheby's International

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
  • Garage Door Opener

Home Design

  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 2-Story Property
  • Woodwork
  • Vaulted Ceiling
  • Family Room with Fireplace
  • 3 Fireplaces
  • Formal Dining Room
  • Fire and Smoke Detector

Kitchen

  • Dumbwaiter
  • Breakfast Bar
  • Double Oven
  • Gas Cooktop
  • Dishwasher
  • Wolf Appliances
  • 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

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier
  • Gas Water Heater

Community Details

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

Listing and Financial Details

  • Tax Lot 79
  • Assessor Parcel Number 490323122079000817

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
  • Rooms Basement: 4

Exterior Features

  • Construction Materials: Brick
  • Exterior Features: Sprinkler System
  • Foundation Details: Block
  • List Price: 3400000
  • Patio And Porch Features: Patio

Garage/Parking

  • Garage Spaces: 3
  • Parking Features: Asphalt, Attached, Garage Door Opener, Garage Faces Side, Storage
  • Garage Sq Ft: 700

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
  • Price Acre: 3063063

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

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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

Property History

Date Event Price Change Sq Ft Price
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
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
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®

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 $192,184 New Conventional
Closed $100,000 New Conventional
Open $1,420,000 New Conventional
Previous Owner $150,000 New Conventional
Previous Owner $1,144,000 New Conventional
Previous Owner $975,000 New Conventional
Source: Public Records

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Source: MIBOR Broker Listing Cooperative®

MLS Number: 22055965

MIBOR Broker Listing Cooperative®

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