5606 Terrace Ave Indianapolis, IN 46203
Southeast Indianapolis NeighborhoodEstimated payment $2,196/month
Total Views
1,301
3
Beds
3
Baths
3,093
Sq Ft
$110
Price per Sq Ft
Highlights
- View of Trees or Woods
- Cathedral Ceiling
- Formal Dining Room
- Mature Trees
- No HOA
- 2 Car Attached Garage
About This Home
Tucked away on a peaceful street just minutes from Downtown and major interstates, this stunning 3-bedroom, 3-full bath home with bonus room/office is a rare find. In 2021, the property underwent a full, top-to-bottom transformation, creating a modern retreat designed for comfort and style. Step inside to discover dual living/family rooms, a spacious laundry room, and a luxurious owner's suite with an ensuite bath. The custom chef's kitchen-complete with stainless steel appliances, pot filler, and sleek finishes-flows seamlessly to the dining area and out to two expansive patios, ideal for entertaining. Enjoy a massive backyard and large fenced side yard perfect for pets, play, and outdoor living. Every major component was updated in 2021, including: roof, gutters, soffits, windows, plumbing, electrical, lighting, flooring, bathrooms, bedrooms, and concrete driveway. Dual new furnaces & AC units and a new water heater ensure efficiency and peace of mind. With its blend of modern upgrades, open living spaces, and nearly half an acre to enjoy, this is more than a home-it's a lifestyle. Don't miss your chance to own this move-in ready gem!
Listing Agent
Monteith-Legault Real Estate C License #RB14046520 Listed on: 08/06/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,170
Year Built
- Built in 1960 | Remodeled
Lot Details
- 0.42 Acre Lot
- Mature Trees
Parking
- 2 Car Attached Garage
- Garage Door Opener
Home Design
- Bungalow
- Block Foundation
- Slab Foundation
- Vinyl Siding
- Stone
Interior Spaces
- 1.5-Story Property
- Woodwork
- Cathedral Ceiling
- Paddle Fans
- Living Room with Fireplace
- Formal Dining Room
- Utility Room
- Views of Woods
- Attic Access Panel
Kitchen
- Gas Oven
- Gas Cooktop
- Built-In Microwave
- Wine Cooler
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
Laundry
- Laundry Room
- Laundry on main level
- Dryer
- Washer
Utilities
- Two cooling system units
- Forced Air Heating and Cooling System
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 491015131007000700
- Assessor Parcel Number 491015131007000700
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 | $3,969 | $344,800 | $10,200 | $334,600 |
| 2023 | $3,969 | $329,900 | $10,200 | $319,700 |
| 2022 | $3,562 | $303,700 | $10,200 | $293,500 |
| 2021 | $4,254 | $186,200 | $10,200 | $176,000 |
| 2020 | $4,113 | $179,700 | $10,200 | $169,500 |
| 2019 | $3,934 | $171,700 | $10,200 | $161,500 |
| 2018 | $1,858 | $157,000 | $10,200 | $146,800 |
| 2017 | $1,630 | $149,300 | $10,200 | $139,100 |
| 2016 | $1,548 | $141,500 | $10,200 | $131,300 |
| 2014 | $1,222 | $122,200 | $10,200 | $112,000 |
| 2013 | $989 | $98,900 | $10,200 | $88,700 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/15/2025 08/15/25 | Pending | -- | -- | -- |
| 08/06/2025 08/06/25 | For Sale | $339,900 | +25.9% | $110 / Sq Ft |
| 11/19/2021 11/19/21 | Sold | $270,000 | -11.5% | $87 / Sq Ft |
| 10/19/2021 10/19/21 | Pending | -- | -- | -- |
| 09/17/2021 09/17/21 | For Sale | $305,000 | +425.9% | $99 / Sq Ft |
| 02/09/2021 02/09/21 | Sold | $58,000 | +93.3% | $19 / Sq Ft |
| 03/05/2020 03/05/20 | Pending | -- | -- | -- |
| 02/28/2020 02/28/20 | For Sale | $30,000 | -- | $10 / Sq Ft |
Source: MIBOR Broker Listing Cooperative®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $270,000 | Foundation Title | |
| Personal Reps Deed | $58,000 | None Available | |
| Personal Reps Deed | $58,000 | None Available | |
| Personal Reps Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $243,000 | New Conventional | |
| Previous Owner | $100,000 | Adjustable Rate Mortgage/ARM |
Source: Public Records
Similar Homes in the area
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22054035
APN: 49-10-15-131-007.000-700
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