Built by Blankenship Custom Homes, this stunning custom-built home in the heart of Bates-Hendricks features a separate carriage house apartment and thoughtfully curated modern finishes throughout. This striking home offers an open-concept main level with soaring 10-foot ceilings, abundant natural light, wide-plank hardwood flooring, and seamless spaces designed for both everyday living and entertaining. The designer kitchen is the centerpiece of the home, showcasing custom cabinetry, quartz countertops, oversized island seating, high-end stainless steel appliances, statement lighting, and a spacious walk-in pantry. The living area features soaring ceilings and a sleek modern fireplace, creating a warm yet sophisticated atmosphere. Upstairs, both bedrooms feature private ensuite baths and large walk-in closets, providing ideal comfort and privacy. The finished basement expands the living space with an additional bedroom, full bath, wet bar, and flexible entertaining or guest space. Step outside to enjoy the oversized patio and fully fenced backyard - perfect for hosting, pets, or relaxing evenings outdoors. Above the garage, the private 1-bedroom carriage house offers incredible flexibility for guests, rental income, home office space, or multigenerational living. Located just minutes from downtown Indianapolis, Fountain Square, restaurants, nightlife, and all the energy of urban living, this one-of-a-kind property combines modern luxury with unbeatable location.
Active
Price cut: $9K (6/10)
$640,000
738 Terrace Ave, Indianapolis, IN 46203
4beds
2,920sqft
Residential, Single Family Residence
Built in 2023
3,484 Square Feet Lot
$-- Zestimate®
$219/sqft
$-- HOA
What's special
Finished basementSleek modern fireplaceThoughtfully curated modern finishesWet barQuartz countertopsSeparate carriage house apartmentOpen-concept main level
- 43 days |
- 300 |
- 15 |
Zillow last checked:
Listing updated:
Listed by:
Tim Sewell 317-605-5861,
F.C. Tucker Company
Source: MIBOR as distributed by MLS GRID,MLS#: 22104558
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Primary bedroom
- Features: Luxury Vinyl Plank
- Level: Upper
- Area: 208 Square Feet
- Dimensions: 13x16
Bedroom 2
- Features: Luxury Vinyl Plank
- Level: Upper
- Area: 168 Square Feet
- Dimensions: 12x14
Bedroom 3
- Features: Luxury Vinyl Plank
- Level: Basement
- Area: 120 Square Feet
- Dimensions: 10x12
Bedroom 4
- Features: Luxury Vinyl Plank
- Level: Upper
- Area: 120 Square Feet
- Dimensions: 10x12
Dining room
- Features: Luxury Vinyl Plank
- Level: Main
- Area: 120 Square Feet
- Dimensions: 12x10
Family room
- Features: Luxury Vinyl Plank
- Level: Main
- Area: 252 Square Feet
- Dimensions: 18x14
Great room
- Features: Luxury Vinyl Plank
- Level: Basement
- Area: 300 Square Feet
- Dimensions: 15x20
Kitchen
- Features: Luxury Vinyl Plank
- Level: Main
- Area: 210 Square Feet
- Dimensions: 14x15
Heating
- High Efficiency (90%+ AFUE )
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Microwave, Gas Oven, Range Hood, Refrigerator, Water Heater
- Laundry: Laundry Closet, Upper Level
Features
- Double Vanity, Kitchen Island, Pantry, Walk-In Closet(s), Wet Bar
- Basement: Ceiling - 9+ feet,Daylight,Egress Window(s),Finished
- Number of fireplaces: 1
- Fireplace features: Electric, Family Room
Interior area
- Total structure area: 2,920
- Total interior livable area: 2,920 sqft
- Finished area below ground: 840
Property
Parking
- Total spaces: 2
- Parking features: Detached
- Garage spaces: 2
- Details: Garage Parking Other(Guest Street Parking)
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Patio
Lot
- Size: 3,484 Square Feet
- Features: Sidewalks, Street Lights
Details
- Additional structures: Guest House
- Parcel number: 491113184081005101
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary
- Property subtype: Residential, Single Family Residence
Materials
- Wood Siding
- Foundation: Concrete Perimeter
Condition
- New construction: No
- Year built: 2023
Details
- Builder name: Blankenship Custom
Utilities & green energy
- Water: Public
Community & HOA
Community
- Subdivision: South Park
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $219/sqft
- Tax assessed value: $554,100
- Annual tax amount: $7,202
- Date on market: 5/28/2026
- Cumulative days on market: 45 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/10/2026 | Price change | $640,000-1.4%$219/sqft |
Source:  MIBOR as distributed by MLS GRID #22104558 Report a problem | ||
| 5/28/2026 | Listed for sale | $649,000+16.9%$222/sqft |
Source: MIBOR as distributed by MLS GRID #22104558 Report a problem | ||
| 3/11/2026 | Listing removed | $4,200$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/22/2026 | Price change | $4,200+5%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/2/2026 | Listed for rent | $4,000$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/13/2025 | Listing removed | $4,000$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/16/2025 | Price change | $4,000+2.6%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/31/2025 | Price change | $3,900+2.6%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/5/2025 | Price change | $3,800+5.6%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/4/2025 | Listed for rent | $3,600-10%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/7/2025 | Listing removed | $4,000$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/21/2025 | Listed for rent | $4,000$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/28/2023 | Sold | $555,000-1.8%$190/sqft |
Source: MIBOR as distributed by MLS GRID #21911067 Report a problem | ||
| 3/27/2023 | Pending sale | $565,000$193/sqft |
Source: MIBOR as distributed by MLS GRID #21911067 Report a problem | ||
| 3/17/2023 | Listed for sale | $565,000$193/sqft |
Source: MIBOR as distributed by MLS GRID #21911067 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,202 +30.1% | $554,100 +6.8% |
| 2024 | $5,534 +503.2% | $518,700 +63.5% |
| 2023 | $918 -6.3% | $317,200 +861.2% |
| 2022 | $979 | $33,000 |
| 2021 | -- | $33,000 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Near Southside
Nearby schools
GreatSchools rating
- 3/10James A. Garfield School 31Grades: PK-5Distance: 0.4 mi
- 4/10Francis W. Parker School 56Grades: PK-8Distance: 3.7 mi
- 1/10Arsenal Technical High SchoolGrades: 9-12Distance: 2 mi
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- $355,0003 bd2 ba2.5k sqft744 Terrace Ave, Indianapolis, IN 46203Pending
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A local agent can set up tours, give advice and negotiate with sellers.
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- Indiana
- Marion County
- Indianapolis
- 46203
- Near Southside
- 738 Terrace Ave
Nearby cities
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Nearby zip codes
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