Exclusive luxury, Wedgwood Building Company custom home located in Fletcher Place with spectacular views of downtown skyline and Lucas Oil Stadium. This modern homes provide upscale living with urban amenities. Enjoy living on the Cultural Trail and walk to the many downtown restaurants, sporting events or across the street to the neighborhood park. This home features 4 levels with an elevator, 2 car attached garage, and rooftop terrace with 2 additional outdoor areas. The lower level has a separate residence option with private entrance, BR & BA, Kit, & Laundry, LVT flooring, and is great for in-law quarters, guests, or Airbnb. Premium finishes throughout, along with Sub Zero and Wolf appliances in the sleek kitchen. 4 spacious bedrooms all with en suite BA. Smart design features, security system, gas fireplace provision on expansive (1127sqft) rooftop with Trex decking, and 2 EV charging stations with epoxy flooring in garage! See attached plans for further detail.
Sold
$1,825,000
501 S East St, Indianapolis, IN 46225
4beds
4,490sqft
Residential, Single Family Residence
Built in 2024
2,178 Square Feet Lot
$1,842,600 Zestimate®
$406/sqft
$5,660 Estimated rent
Home value
$1,842,600
$1.70M - $1.99M
$5,660/mo
Zestimate® history
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$11,387/mo
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List your homeWhat's special
In-law quartersPrivate entranceAttached garageRooftop terracePremium finishesSeparate residence optionModern homes
Zillow last checked:
Listing updated:
Listed by:
Tom McNulty 317-507-0688,
McNulty Real Estate Services,,
Pat McNulty,
McNulty Real Estate Services,
Bought with:
Ryan Boyd
Trueblood Real Estate
Source: MIBOR as distributed by MLS GRID,MLS#: 21966695
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 1
Primary bedroom
- Level: Upper
- Area: 330 Square Feet
- Dimensions: 22x15
Bedroom 2
- Level: Upper
- Area: 225 Square Feet
- Dimensions: 15x15
Bedroom 3
- Level: Main
- Area: 160 Square Feet
- Dimensions: 16x10
Bedroom 4
- Features: Luxury Vinyl Plank
- Level: Basement
- Area: 150 Square Feet
- Dimensions: 15x10
Dining room
- Level: Upper
- Area: 144 Square Feet
- Dimensions: 12x12
Family room
- Features: Luxury Vinyl Plank
- Level: Basement
- Area: 168 Square Feet
- Dimensions: 14x12
Family room
- Level: Upper
- Area: 240 Square Feet
- Dimensions: 16x15
Kitchen
- Features: Luxury Vinyl Plank
- Level: Basement
- Area: 168 Square Feet
- Dimensions: 14x12
Kitchen
- Level: Upper
- Area: 253 Square Feet
- Dimensions: 23x11
Laundry
- Level: Upper
- Area: 64 Square Feet
- Dimensions: 8x8
Mud room
- Level: Main
- Area: 84 Square Feet
- Dimensions: 12x7
Office
- Level: Main
- Area: 240 Square Feet
- Dimensions: 16x15
Sitting room
- Level: Main
- Area: 168 Square Feet
- Dimensions: 14x12
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Electric Cooktop, Dishwasher, Dryer, Disposal, Gas Water Heater, Exhaust Fan, Microwave, Oven, Convection Oven, Gas Oven, Refrigerator, Bar Fridge, Tankless Water Heater, Washer, Water Softener Owned, Wine Cooler
- Laundry: In Unit, Upper Level, In Basement
Features
- Breakfast Bar, Built-in Features, High Ceilings, Kitchen Island, Elevator, Entrance Foyer, Ceiling Fan(s), Hardwood Floors, High Speed Internet, In-Law Floorplan, Wired for Data, Pantry, Smart Thermostat, Wired for Sound, Walk-In Closet(s), Wet Bar
- Flooring: Hardwood
- Windows: Wood Work Painted
- Basement: Ceiling - 9+ feet,Daylight,Egress Window(s),Finished,Full,Storage Space
- Number of fireplaces: 1
- Fireplace features: Gas Starter, Living Room
Interior area
- Total structure area: 4,490
- Total interior livable area: 4,490 sqft
- Finished area below ground: 901
Property
Parking
- Total spaces: 2
- Parking features: Alley Access, Attached, Concrete, Electric Vehicle Service Equipment (EVSE), Garage Door Opener, Garage Faces Rear
- Attached garage spaces: 2
- Details: Garage Parking Other(Finished Garage, Garage Door Opener, Keyless Entry)
Accessibility
- Accessibility features: Accessible Entrance
Features
- Levels: Three Or More
- Patio & porch: Covered, Patio, Rooftop
- Exterior features: Balcony, Smart Light(s), Smart Lock(s)
Lot
- Size: 2,178 Square Feet
- Features: Storm Sewer, Not In Subdivision
Details
- Parcel number: 491112114011000101
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary
- Property subtype: Residential, Single Family Residence
Materials
- Brick, Cement Siding
- Foundation: Concrete Perimeter
Condition
- New Construction
- New construction: Yes
- Year built: 2024
Details
- Builder name: Wedgewood Bc
Utilities & green energy
- Water: Public
Community & HOA
Community
- Features: Low Maintenance Lifestyle
- Security: Security System
- Subdivision: Downeys
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $406/sqft
- Tax assessed value: $800,600
- Annual tax amount: $2,700
- Date on market: 3/13/2024
- Cumulative days on market: 508 days
Price history
| Date | Event | Price |
|---|---|---|
| 9/9/2025 | Sold | $1,825,000-8.7%$406/sqft |
Source:  MIBOR as distributed by MLS GRID #21966695 Report a problem | ||
| 8/4/2025 | Pending sale | $1,999,900$445/sqft |
Source: MIBOR as distributed by MLS GRID #21966695 Report a problem | ||
| 3/13/2024 | Listed for sale | $1,999,900+185.7%$445/sqft |
Source: MIBOR as distributed by MLS GRID #21966695 Report a problem | ||
| 2/16/2019 | Listing removed | $699,900$156/sqft |
Source: RE/MAX CENTERSTONE #21589459 Report a problem | ||
| 2/15/2019 | Price change | $699,900+159.3%$156/sqft |
Source: RE/MAX CENTERSTONE #21589459 Report a problem | ||
| 8/15/2018 | Price change | $269,900-61.4%$60/sqft |
Source: RE/MAX Centerstone #21589370 Report a problem | ||
| 8/14/2018 | Listed for sale | $699,900-12.4%$156/sqft |
Source: MIBOR REALTOR Association #21589370 Report a problem | ||
| 7/3/2016 | Listing removed | $799,000$178/sqft |
Source: Cottingham Realty, Appraisal #21364151 Report a problem | ||
| 7/8/2015 | Listed for sale | $799,000$178/sqft |
Source: Cottingham Realty, Appraisal #21364151 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $16,720 +16.6% | $800,600 +13.6% |
| 2024 | $14,343 +367% | $704,600 +16.5% |
| 2023 | $3,072 +13.8% | $604,700 +364.8% |
| 2022 | $2,699 +7.1% | $130,100 +11.2% |
| 2021 | $2,519 +0.4% | $117,000 +7.5% |
| 2020 | $2,510 +7.4% | $108,800 +2.4% |
| 2019 | $2,337 +15.6% | $106,300 +8.4% |
| 2018 | $2,021 +4.8% | $98,100 +4.7% |
| 2017 | $1,929 -6% | $93,700 +4.2% |
| 2016 | $2,053 +2.8% | $89,900 -2.7% |
| 2014 | $1,998 +6.1% | $92,400 +8.1% |
| 2013 | $1,882 | $85,500 +1.9% |
| 2012 | $1,882 | $83,900 +8.3% |
| 2011 | -- | $77,500 |
| 2010 | $1,611 -2.5% | $77,500 |
| 2009 | $1,652 | $77,500 -2.8% |
| 2007 | -- | $79,700 |
Find assessor info on the county website
Neighborhood: Downtown
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Nearby schools
GreatSchools rating
- 7/10Center for Inquiry School 2Grades: K-5Distance: 1.2 mi
- 4/10Francis W. Parker School 56Grades: PK-8Distance: 2.9 mi
- 1/10Arsenal Technical High SchoolGrades: 9-12Distance: 1.4 mi
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Estimated market value
$1,842,600
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Estimated market value
$1,842,600
- Indiana
- Marion County
- Indianapolis
- 46225
- Downtown
- 501 S East St
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