5101 Graceland Ave Indianapolis, IN 46208
Butler-Tarkington/Rocky Ripple NeighborhoodEstimated payment $3,910/month
Total Views
370
3
Beds
3
Baths
3,313
Sq Ft
$193
Price per Sq Ft
Highlights
- Popular Property
- Cape Cod Architecture
- Vaulted Ceiling
- Above Ground Spa
- Mature Trees
- No HOA
About This Home
Dripping in character and loaded with updates, this 1940 Cape Cod is a rare find. With over 3,000 square feet of finished space, this 3 bed, 3 full bath home perfectly balances preserved charm and thoughtful renovation. Original hardwoods, vintage hardware, and original copper mail slot set the tone - while major upgrades like new plumbing, electrical, rebuilt windows, and an RO water system bring peace of mind. The chef's kitchen stuns with a Sub-Zero fridge, stainless KitchenAid appliances, and sleek finishes. Cozy up by the wood-burning fireplace framed by built-ins, or head downstairs to your finished basement with wet bar, surround-sound theater area, and space to host just about anything. Out back, it's a full-on retreat: lush landscaping, landscape lighting, a fire pit, screened-in porch, and hot tub. The garage is heated, EV-ready, and ready for any Indiana winter. Tucked on a quiet, tree-lined street just steps from Butler University and legendary Hinkle Fieldhouse, this is more than a home - it's a rare blend of history, style, and substance.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,394
Year Built
- Built in 1940 | Remodeled
Lot Details
- 7,579 Sq Ft Lot
- Mature Trees
Parking
- 2 Car Detached Garage
Home Design
- Cape Cod Architecture
- Brick Exterior Construction
- Block Foundation
Interior Spaces
- 2-Story Property
- Wet Bar
- Bar Fridge
- Woodwork
- Vaulted Ceiling
- Paddle Fans
- Living Room with Fireplace
- Combination Kitchen and Dining Room
- Attic Access Panel
Kitchen
- Double Oven
- Gas Cooktop
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
- Walk-In Closet
Laundry
- Laundry Room
- Dryer
- Washer
Finished Basement
- Interior Basement Entry
- Laundry in Basement
Outdoor Features
- Above Ground Spa
- Screened Patio
- Fire Pit
Utilities
- Forced Air Heating and Cooling System
- Gas Water Heater
- Water Purifier
Community Details
- No Home Owners Association
- Cedar Crest Subdivision
Listing and Financial Details
- Tax Lot 49-06-11-115-010.000-801
- Assessor Parcel Number 490611115010000801
Map
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Home Values in the Area
Average Home Value in this Area
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 | $4,281 | $365,400 | $62,100 | $303,300 |
| 2023 | $4,281 | $348,500 | $62,100 | $286,400 |
| 2022 | $4,137 | $364,400 | $62,100 | $302,300 |
| 2021 | $3,748 | $310,800 | $32,300 | $278,500 |
| 2020 | $3,596 | $297,200 | $32,300 | $264,900 |
| 2019 | $3,692 | $299,300 | $32,300 | $267,000 |
| 2018 | $3,476 | $279,500 | $32,300 | $247,200 |
| 2017 | $3,040 | $275,200 | $32,300 | $242,900 |
| 2016 | $2,998 | $277,900 | $32,300 | $245,600 |
| 2014 | $2,932 | $270,800 | $32,300 | $238,500 |
| 2013 | $2,894 | $270,800 | $32,300 | $238,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/18/2025 07/18/25 | For Sale | $639,900 | -- | $193 / Sq Ft |
Source: MIBOR Broker Listing Cooperative®
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $250,000 | Credit Line Revolving | |
| Closed | $156,200 | New Conventional | |
| Closed | $211,000 | New Conventional | |
| Closed | $196,000 | New Conventional | |
| Closed | $36,750 | Credit Line Revolving |
Source: Public Records
Similar Homes in Indianapolis, IN
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22051094
APN: 49-06-11-115-010.000-801
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