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Back 5114 Carvel Ave
Off Market

5114 Carvel Ave

Indianapolis IN 46205

3
2
1
2032 sq. ft.
23217 sq. ft.
Single-Family
Last sold for $400,000
Paul GorrellPaul Gorrell, last sold this property on 22 September 2026 after 130 days on market.

Overview

5114 Carvel Ave is the kind of home that rarely comes along. It combines direct Monon Trail access, more than half an acre of private outdoor space, a fully renovated and open-concept interior, and major mechanical updates-all in one exceptional property. Situated on a private 0.53-acre lot, this modernized 3-bed 2-bath plus bonus room home offers a private gate access to connect immediately to the Monon Trail, which offers some of the highest levels of walkability in Indianapolis. This home provides a beautifully redesigned open-concept layout, vaulted ceilings paired with stunning exposed beams, and a showpiece kitchen featuring a large quartz island, custom steel railing, and new stainless-steel appliances. The effortless flow from the kitchen, dining, and main living area is perfect for entertaining and family gatherings. The spacious primary suite includes a brand-new full bath, while the second bathroom offers a spa-like experience with a jacuzzi tub, skylight, and built-in Bluetooth speakers. The finished basement provides flexible space for a media room, home office, fitness area, hobby room, or guest retreat. Stepping outside from the sunroom, a brand-new oversized deck overlooks one of the areas most impressive private backyards, offering lots of space for entertaining, pets, play, and outdoor living. Major updates include a new roof (2023), high-efficiency HVAC system (2025), high-efficiency furnace (2025), 50-gallon gas water heater (2025), new PEX water lines and PVC drains (2024), waterproofed and finished basement (2025), refinished hardwood floors with light contemporary stain (2026), new paint (2025), and more. Enjoy a walkable lifestyle and visit nearby favorites including Half Liter Beer & BBQ Hall, BreadWorks, Good Morning Mamas, Upland Brewing, and Mama Carollas. From day one, you'll enjoy a seamless lifestyle-easily moving from rest to activity to connection, and when you return home, you'll be welcomed by privacy, comfort, and tranquility.

Features

3 bedrooms
2 bathrooms
1 carspace
1 garage space
2032 sq. ft. floor area
23217 sq. ft. lot size
Single-Family

Estimated Value

Based on this property and similar 3 bedroom single-family properties sold in Indianapolis over the last 12 months, the estimated median property value of 5114 Carvel Ave is $310k.

Median value
$310k
Estimated value range
$82.5k - $802k
Median days on market
21
Estimated value trend
-3%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Indianapolis. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 5114 Carvel Ave

2026
Sold
$400,000
22 Sep 2026 by Paul Gorrell, of CrestPoint Real Estate
2019
Sold
$175,000
27 Jun 2019 by Jennifer Mattos, of Realty World Indy

Happy sellers in Indianapolis

94%
94% of sellers in Indianapolis reported that their sale price either exceeded or met their price expectations.

Indianapolis stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 6 reviews in Indianapolis over the last 12 months.

Local market activity for 3 bedroom single-family properties in Indianapolis

In the last 12 months, 183 three-bedroom single-family properties similar to 5114 Carvel Ave, have been sold.

This represents a 9% increase in three-bedroom single-family properties sales when compared to the previous 12 months.

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Bif Ward

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