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Back 518 Terrace Ave
Off Market

518 Terrace Ave

Indianapolis IN 46203

3
3
1869 sq. ft.
3485 sq. ft.
Single-Family
Last sold for $335,000
Mia FranzenMia Franzen, last sold this property on 04 May 2026 after 53 days on market.

Overview

Renovated from top to bottom, this 3-bed / 2.5-bath Bates-Hendricks home is sure to impress. Previously featured on HGTV's Good Bones, the home offers an open-concept main level with durable laminate hardwood flooring and great natural flow for everyday living. The spacious kitchen features tons of storage, stainless steel appliances, open shelving, a walk-in pantry, and a large island perfect for gathering. A flexible main-level room works well as a home office or third bedroom. Upstairs, you'll find the primary suite with a spacious bathroom and walk-in closet, along with a second bedroom and full bath with generous closet space. The fully fenced backyard features a large deck-ideal for relaxing or hosting. Washer and dryer included. Ideally located near Fountain Square, Garfield Park, and downtown Indianapolis, this home offers easy access to the Eli Lilly campus, Lucas Oil Stadium, Gainbridge Fieldhouse, and I-465 for convenient commuting throughout the city.

Features

3 bedrooms
3 bathrooms
1869 sq. ft. floor area
3485 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 518 Terrace Ave is $215k.

Median value
$215k
Estimated value range
$66k - $600k
Median days on market
20
Estimated value trend
2%
increase 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 518 Terrace Ave

2026
Sold
$335,000
04 May 2026 by Mia Franzen, of eXp Realty LLC
2024
Rented
Undisclosed
08 Jan 2024 by eXp Realty, LLC (SynOps - CNT - IN - Lockstep Realty)
2021
Sold
$310,000
18 Oct 2021 by Douglas Martin, of F.C. Tucker Company

Happy sellers in Indianapolis

<50%
Less than 50% of sellers in Indianapolis reported that their sale price either exceeded or met their price expectations.

Indianapolis stands out as a desirable suburb for sellers, consistently delivering great customer service and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Indianapolis over the last 12 months.

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

In the last 12 months, 326 three-bedroom single-family properties similar to 518 Terrace Ave, have been sold.

This represents a 16% increase in three-bedroom single-family properties sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Indianapolis

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Damian Szostak

Damian Szostak is a recommended agent for Indianapolis.  They have collected 2 local reviews across the last 12 months.

  •   5   (9 reviews)
  •  2 Reviews in Indianapolis
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Reggie Jackson

Reggie Jackson is a recommended agent for Indianapolis.  They have 1 local sale and collected 2 local reviews across the last 12 months.

  •   4.7   (7 reviews)
  •  2 Reviews in Indianapolis
  •  1 Sale in Indianapolis
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Zach Purdy

Sellers who recommend Zach Purdy have praised them for being clear communication, local expert, and responsive

  •   5   (38 reviews)
  •  1 Review in Indianapolis
  •  2 Sales in Indianapolis
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Kimberly Papp

Kimberly Papp is a recommended agent for Indianapolis.  They have 2 local sales and collected 1 local review across the last 12 months.

  •   5   (3 reviews)
  •  1 Review in Indianapolis
  •  2 Sales in Indianapolis
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