5101 Graceland Ave Indianapolis, IN 46208
Butler-Tarkington/Rocky Ripple NeighborhoodEstimated payment $3,826/month
Total Views
3,261
3
Beds
3
Baths
3,313
Sq Ft
$193
Price per Sq Ft
Highlights
- Above Ground Spa
- Mature Trees
- Wood Flooring
- Cape Cod Architecture
- Vaulted Ceiling
- 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
Flooring
- Wood
- Carpet
- Vinyl Plank
- Vinyl
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 |
|---|---|---|---|---|
| 08/20/2025 08/20/25 | For Sale | $639,900 | 0.0% | $193 / Sq Ft |
| 07/28/2025 07/28/25 | Pending | -- | -- | -- |
| 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 the area
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22051094
APN: 49-06-11-115-010.000-801
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
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