For Sale
Single family home for sale at 738 Terrace Ave, Indianapolis, IN 46203 | MLS# 22104558 | Listing updated on 2026-09-15
Photo 1 of Single family home for sale at 738 Terrace Ave, Indianapolis, IN 46203 | MLS# 22104558 | Listing updated on 2026-09-15
Photo 2 of Single family home for sale at 738 Terrace Ave, Indianapolis, IN 46203 | MLS# 22104558 | Listing updated on 2026-09-15
Photo 3 of Single family home for sale at 738 Terrace Ave, Indianapolis, IN 46203 | MLS# 22104558 | Listing updated on 2026-09-15
Photo 4 of Single family home for sale at 738 Terrace Ave, Indianapolis, IN 46203 | MLS# 22104558 | Listing updated on 2026-09-15
74+
Beds Icon

Street View

$625,000

Monthly Est:$3,111

  • Beds Icon4 Beds
  • Beds Icon
    5 Baths
  • Beds Icon2,920sqft

738 Terrace Ave, Indianapolis, IN 46203

$3,111/moEst:

Get Pre-Approved

  • Single Family Residence

  • Built in 2023

  • $-- HOA

  • 3,398 sqft lot

  • $214/sq.ft

Description

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.

  • Houzeo last checked: 2 minutes ago
  • Listing updated: September 15, 2026 at 8:51 pm
  • Listing Provided by: Tim Sewell (317) 605-5861 | F.C. Tucker Company (317) 843-7766
  • Source: Metropolitan Indianapolis Board of REALTORS (MIBOR) MLS-IN | MLS#: 22104558 Metropolitan Indianapolis Board of REALTORS (MIBOR) MLS-IN

Property Details

  • Status

    Active

  • Type

    Single Family Residence

  • No. of Stories

    -

  • County

    Marion County

  • City

    Indianapolis

  • Neighborhood

    Near Southside

  • Year Built

    2023

  • HOA Fees

    -

  • Finished Area

    2,920 sqft

  • Lot Size

    3,398 sqft lot

  • Basement Area

    - sqft

  • MLS Name

    Metropolitan Indianapolis Board of REALTORS (MIBOR) MLS

  • MLS Number

    22104558

  • MLS Status

    Active

  • Days on Market

    133

  • Cumulative Days on Market

    111

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Location

Facts & Features

Rooms

  • Bedrooms & bathrooms

    Bedrooms: 4

    Bathrooms: 5

  • Great Room

    Level: Basement

    Area: 300.00 Square Feet

    Dimensions: 15x20

  • Bedroom 3

    Level: Basement

    Area: 120.00 Square Feet

    Dimensions: 10x12

  • Bedroom 4

    Level: Upper

    Area: 120.00 Square Feet

    Dimensions: 10x12

  • Family Room

    Level: Main

    Area: 252.00 Square Feet

    Dimensions: 18x14

  • Dining Room

    Level: Main

    Area: 120.00 Square Feet

    Dimensions: 12x10

  • Kitchen

    Level: Main

    Area: 210.00 Square Feet

    Dimensions: 14x15

  • Master Bedroom

    Level: Upper

    Area: 208.00 Square Feet

    Dimensions: 13x16

  • Bedroom 2

    Level: Upper

    Area: 168.00 Square Feet

    Dimensions: 12x14

Interior

  • Heating

    High Efficiency (90%+ Afue )

  • Appliances

    Dishwasher, Disposal, Microwave, Gas Oven, Range Hood, Refrigerator, Water Heater

  • Cooling

    Central Air

  • Window Features

    Screens

  • Exterior Features

    Carriage/guest House

  • Interior Features

    Bath Sinks Double Main, Kitchen Island, Pantry, Walk In Closet(s), Wet Bar

Construction

  • Year Built

    Year Built: 2023

  • Home type

    Single Family Residence

  • Construction Materials

    Wood Siding

  • Foundation Details

    Concrete Perimeter

  • Architectural Style

    Contemporary

Utilities & Energy

  • Water Source

    Public

  • Fireplace Features

    Electric, Family Room

  • Basement

    Ceiling 9+ Feet, Daylight, Egress Window(s), Finished

  • Parking Features

    Detached

  • Laundry Features

    Laundry Closet, Upper Level

Other Features

  • Patio And Porch Features

    Covered, Patio

  • Lot Features

    Sidewalks, Street Lights

  • Subdivision Name

    South Park

Price History

DateEventPrice

09/03/2026

Source: mls_logoMetropolitan Indianapolis Board of REALTORS (MIBOR) MLS-IN #MBR22104558

Price Decreased

$625,000 -0.79%

$214/sqft

07/24/2026

Source: mls_logoMetropolitan Indianapolis Board of REALTORS (MIBOR) MLS-IN #MBR22104558

Price Decreased

$630,000 -1.56%

$216/sqft

06/10/2026

Source: mls_logoMetropolitan Indianapolis Board of REALTORS (MIBOR) MLS-IN #MBR22104558

Price Decreased

$640,000 -1.39%

$219/sqft

05/28/2026

Source: mls_logoMetropolitan Indianapolis Board of REALTORS (MIBOR) MLS-IN #MBR22104558

Listed for Sale

$649,000 +14.87%

$222/sqft

04/28/2023

Source: mls_logoMetropolitan Indianapolis Board of REALTORS (MIBOR) MLS-IN #MBR21911067

Price Increased

$565,000 +1.80%

$193/sqft

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Getting Around 738 Terrace Ave

Bike Score®

Bike Score

Very Bikeable

82/100

Walk Score®

Walk Score

Somewhat Walkable

55/100

Transit Score®

Transit Score

Some Transit

39/100

Data provided by Redfin

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Based on information from MIBOR REALTOR® Association through Oct 09, 2026, 12:45AM. The Broker Listing Cooperative® listing service's Listing information is deemed reliable but is not guaranteed accurate by the Broker Listing Cooperative® listing service. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.. All Rights Reserved. © 2026 MIBOR REALTOR® Association.

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