Active

Price cut: $5.1K (9/9)

$349,900

5638 Gray Rd, Indianapolis, IN 46237

3beds

2,600sqft

$2,450/mo

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Residential, Single Family Residence

Built in 1967

0.5 Acres Lot

$-- Zestimate^®

$135/sqft

$-- HOA

What's special

Fire pitFantastic outdoor amenitiesAll wood deckInviting interiorSpacious walk-in closetGenerous living spacesAmple living space

Mid-Century Modern Charm Meets Exceptional Outdoor Living! This unique ranch-style home is filled with character, and thoughtful spaces you won't find in every home. Featuring 3 bedrooms, plus a 4th bedroom that has been repurposed into a spacious walk-in closet, there is plenty of room to live, work, and entertain. The inviting interior offers ample living space, an eat-in kitchen, and an abundance of natural light throughout. But the true highlight is the expansive backyard-an outdoor retreat designed for enjoying the seasons. Relax or entertain on the all wood deck, take a dip in the pool, or gather around the fire pit. For extra outdoor storage, make use of the convenient extra large boat/RV covering. With its distinctive mid-century modern appeal, generous living spaces, and fantastic outdoor amenities, this home offers a wonderful blend of personality, functionality, and fun. A rare opportunity to own a home that is truly one-of-a-kind!

20 days
658
50

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 3
Full bathrooms: 3
Main level bathrooms: 3
Main level bedrooms: 3

Primary bedroom

Level: Main
Area: 192 Square Feet
Dimensions: 16 x 12

Bedroom 2

Level: Main
Area: 140 Square Feet
Dimensions: 14 x 10

Bedroom 3

Level: Main
Area: 120 Square Feet
Dimensions: 12 x 10

Bonus room

Level: Main
Area: 238 Square Feet
Dimensions: 14 x 17

Dining room

Level: Main
Area: 150 Square Feet
Dimensions: 15 x 10

Family room

Level: Main
Area: 288 Square Feet
Dimensions: 18 x 16

Guest room

Level: Main
Area: 112 Square Feet
Dimensions: 14 x 8

Kitchen

Level: Main
Area: 200 Square Feet
Dimensions: 20 x 10

Living room

Level: Main
Area: 420 Square Feet
Dimensions: 20 x 21

Heating

Natural Gas

Cooling

Central Air

Appliances

Included: Common Laundry, Gas Cooktop, ENERGY STAR Qualified Water Heater, Electric Water Heater, ENERGY STAR Qualified Appliances, Disposal, Gas Water Heater, Humidifier, Exhaust Fan, Microwave, Gas Oven, Refrigerator, Water Purifier, Water Softener Owned
Laundry: In Unit, Common Area

Features

Attic Access, Attic Pull Down Stairs, High Speed Internet, Smart Thermostat
Windows: Wood Work Stained
Has basement: No
Attic: Access Only,Pull Down Stairs
Number of fireplaces: 1
Fireplace features: Family Room

Interior area

Total structure area: 2,600
Total interior livable area: 2,600 sqft

Property

Parking

Total spaces: 2
Parking features: Attached, Asphalt, Garage Door Opener
Attached garage spaces: 2
Details: Garage Parking Other(Finished Garage, Garage Door Opener)

Features

Levels: One
Stories: 1
Patio & porch: Covered, Deck, Patio
Exterior features: Fire Pit
Pool features: Above Ground

Lot

Size: 0.5 Acres
Features: Not In Subdivision, Storm Sewer, Street Lights, Suburb, Mature Trees

Details

Parcel number: 491504125004000500
Horse amenities: None

Construction

Type & style

Home type: SingleFamily
Architectural style: Ranch
Property subtype: Residential, Single Family Residence

Materials

Brick, Wood Siding, Vinyl Siding
Foundation: Block

Condition

New construction: No
Year built: 1967

Utilities & green energy

Electric: 200+ Amp Service, Circuit Breakers
Water: Well, Private
Utilities for property: Electricity Connected, Sewer Connected

Community & HOA

Community

Subdivision: No Subdivision

HOA

Has HOA: No

Location

Region: Indianapolis

Financial & listing details

Price per square foot: $135/sqft
Tax assessed value: $304,700
Annual tax amount: $3,502
Date on market: 8/28/2026
Cumulative days on market: 19 days
Electric utility on property: Yes

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
9/9/2026	Price change	$349,900-1.4%$135/sqft
Source: MIBOR as distributed by MLS GRID #22122613 Report a problem
8/28/2026	Listed for sale	$355,000-2.7%$137/sqft
Source: MIBOR as distributed by MLS GRID #22122613 Report a problem
8/24/2026	Listing removed	$365,000$140/sqft
Source: MIBOR as distributed by MLS GRID #22116419 Report a problem
8/12/2026	Price change	$365,000-2.1%$140/sqft
Source: MIBOR as distributed by MLS GRID #22116419 Report a problem
8/5/2026	Price change	$372,9780%$143/sqft
Source: MIBOR as distributed by MLS GRID #22116419 Report a problem
7/31/2026	Price change	$372,988-5.5%$143/sqft
Source: MIBOR as distributed by MLS GRID #22116419 Report a problem
7/25/2026	Listed for sale	$394,671+259.1%$152/sqft
Source: MIBOR as distributed by MLS GRID #22116419 Report a problem
12/5/2008	Sold	$109,900-15.4%$42/sqft
Source: MIBOR as distributed by MLS GRID #2772889 Report a problem
5/28/2008	Listing removed	$129,900$50/sqft
Source: Number1Expert #2772889 Report a problem
12/1/2007	Listed for sale	$129,900$50/sqft
Source: Number1Expert #2772889 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,427 +12.5%	$304,700 +13.8%
2024	$3,046 +8.5%	$267,800 +10.8%
2023	$2,807 +9.5%	$241,600 +10.8%
2022	$2,563 +5.6%	$218,000 +10.4%
2021	$2,428 +4.6%	$197,400 +5.8%
2020	$2,321 +8.9%	$186,600 +4.9%
2019	$2,130 -4.2%	$177,900 +7.2%
2018	$2,224 -3.8%	$165,900 -2.5%
2017	$2,311 +16.3%	$170,100 +2%
2016	$1,987 +10.7%	$166,800 +10.4%
2014	$1,795 -8.9%	$151,100 -4.3%
2013	$1,970	$157,900 -3.7%
2012	$1,970	$164,000 -1.6%
2011	--	$166,600
2010	$1,666 +6.4%	$166,600
2009	$1,565	$166,600 -6.6%
2007	--	$178,400 +0.1%
2006	--	$178,200 +17.2%
2005	--	$152,000
2004	--	$152,000
2003	--	$152,000 +113.5%
2002	--	$71,200 +200%
2001	--	$23,730
2000	--	$23,730