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738 Terrace Avenue

Indianapolis, IN 46203
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Bed 4

Bed

Bath 5

Bath

SqFt2,920

Sqft

Acres0.08

Acre(Lot)

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.

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Detail Ic Property Details

Property Type : Residential

Price : $640,000

AD Id : 79428422

MLS Id : MBR22104558

Beds : 4

Lot Size : 0.08 Acre

Living Area Size : 2,920

Year Built : 2023

Garage : 2

County : Marion

Subdivision: South Park

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Feature Features

  • Bedroom Information

    Total Bedroom: 4

    Bathroom Information

    Total Baths: 5 Full Baths: 4 Half Baths: 1

    Room Information

    Rooms Total: 13 Has Basement: Yes

    Interior Features

    Bath Sinks Double Main, Kitchen Island, Pantry, Walk-In Closet(s), Wet Bar Appliances: Dishwasher, Disposal, Microwave, Gas Oven, Range Hood, Refrigerator, Water Heater Laundry Features: Laundry Closet, Upper Level
  • Flooring Information

    Construction Materials: Wood Siding
  • Heating & Cooling

    Heating: High Efficiency (90%+ AFUE ) Cooling: Central Air WaterSource: Public

  • Building Information

    Year Built: 2023
  • Exterior Features

    Carriage/Guest House Construction Materials: Wood Siding Foundation Details: Concrete Perimeter

  • Lot Information

    Lot Description: Sidewalks, Street Lights Lot Square Feet: 3398 Lot Acres: 0.08

    Property Information

    Property Type: Residential Sub Type: Single Family Residence Style: Contemporary

  • Listing Price Information

    Original List Price:$649000

  • Tax Information

    Tax Lot: 79 Tax Legal Description: South Park Add L79 Tax Year: 2024 Parcel Number: 491113184081005101 Tax Exemption: Homestead Tax Exemption

  • Parking Information

    Detached

    Garage Information

    Has Garage: Yes Garage Space: 2 Garage SQFT: 560 Garage SQFT: Guest Street Parking

  • Utility Information

    Water Source: Public
  • Location Information

    Subdivision: South Park City: Indianapolis Direction: GPS Friendly
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
6435 Birds Eye Drive, Indianapolis, IN, 46203 $232,500 3 2 1,249 1,249 SqFt
6330 E Raymond Street, Indianapolis, IN, 46203 $220,000 4 1 1,562 1,562 SqFt
2928 S Kenmore Road, Indianapolis, IN, 46203 $224,900 3 2 1,056 1,056 SqFt
3015 Cassara Drive, Indianapolis, IN, 46203 $339,900 4 3 2,919 2,919 SqFt
3424 Pavetto Lane, Indianapolis, IN, 46203 $264,900 3 3 2,334 2,334 SqFt
2350 S Sheridan Avenue, Indianapolis, IN, 46203 $226,000 3 2 1,479 1,479 SqFt
2747 Foxbriar Place, Indianapolis, IN, 46203 $269,900 4 2 1,840 1,840 SqFt
2928 S Arlington Avenue, Indianapolis, IN, 46203 $249,000 2 2 1,488 1,488 SqFt
1731 S Arlington Avenue, Indianapolis, IN, 46203 $245,000 3 2 2,280 2,280 SqFt
1502 S Arlington Avenue, Indianapolis, IN, 46203 $299,990 4 3 2,599 2,599 SqFt
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ByOwner last updated this listing 06/17/2026 @ 06:20

MLS: MIBOR #22104558 LISTED BY: Tim Sewell, F.C. Tucker Company 317-843-7766 SOURCE: MIBOR REALTOR® Association (Listings courtesy of MIBOR REALTOR® Association as distributed by MLS GRID)

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