5012 Graceland Ave

$500,000
Last Sold Price
4
Beds
3,306 Sq. Ft.
$151 / Sq. Ft.
3,306
Sq. Ft.
$151
per Sq. Ft.

Description

Fall in LOVE with this adorable Cape Cod home in the heart of Butler-Tarkington, located on a quiet street with neighborhood charm, just steps away from Butler University. Featuring 4 bedrooms, 2 full baths, a 2-car detached garage, and a partially finished basement, which includes extra basement space for storage, hobbies, or future finishing! Upon entry you'll notice hardwood flooring throughout, great room with recessed LED lighting, built-in shelving, and a wood-burning fireplace. You'll love...Fall in LOVE with this adorable Cape Cod home in the heart of Butler-Tarkington, located on a quiet street with neighborhood charm, just steps away from Butler University. Featuring 4 bedrooms, 2 full baths, a 2-car detached garage, and a partially finished basement, which includes extra basement space for storage, hobbies, or future finishing! Upon entry you'll notice hardwood flooring throughout, great room with recessed LED lighting, built-in shelving, and a wood-burning fireplace. You'll love cooking and entertaining in your renovated kitchen offering granite counters, tile backsplash, ample storage, soft-close drawers, a floor-to-ceiling pantry, gas range cooking, and SS appliances. Enjoy relaxing and entertaining in your landscaped backyard with a stamped concrete patio and desirable mature trees offering generous shade on sunny days.Recent updates include: water heater (2022), HVAC (2023), kitchen fridge (2023), and basement carpeting (2022). The 4th bedroom provides a perfect flex space to utilize as a home office, workout space, or creative studio. You're minutes from local restaurants, coffee shops, retail, parks, and so much more. Come see how easily this home could become the backdrop to your best memories; schedule your private showing today!

Listing Agents

  1. Jason Hess

    Jason Hess

    Listing Agent

    Compass

    jason.hess@compass.com

    P: (317)-716-9258

  2. Richie Holmes

    Richie Holmes

    Alternative Listing Agent

    Compass

    richie.holmes@compass.com

    P: (317)-660-1355

Property Details for 5012 Graceland Avenue

Architectural Style
Cape Cod
Subdivision Name
Wheelers Illinois Heights
Township
Washington
LISTING UPDATED: 10/10/2025 04:44 PM

Property Details for 5012 Graceland Avenue

StatusClosed
MLS #22056440
Days on Market26
Taxes$2,513 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1951
Lot Size0.16 AC / 6,969 SF
CountyMarion County

Location

Sold By Berkshire Hathaway Home

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Building Information for 5012 Graceland Avenue

Stories-Year Built1951Building Size-Lot Size0.16 AC / 6,969 SF

Payment Calculator

$3,039 per month

30 year fixed, 6.845% Interest

Principal and Interest

$2,620

Property Taxes

$419

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5012 Graceland Avenue

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46208
  • State Or Province: IN
Taxes and HOA Information
  • Attic YN: No
  • Parcel Number: 490611124050000801
  • Semi Annual Property Tax Amt: 2513
  • Tax Exemption: Homestead Tax Exemption
  • Tax Year: 2024
  • TaxLot: 59
School Information
  • Elementary School: Center for Inquiry School 84
  • School District: Indianapolis Public Schools
Parking
  • Garage YN: Yes
  • Garage Spaces: 2.0
  • Garage SqFt: 360
Property
Lot Information
  • Acreage: <1/4 Acre
  • Lot Description: Mature Trees
  • Lot Size Square Feet: 6882.0
  • Lot Size Acres: 0.16
  • Main Level SqFt: 1102
  • New Construction: False
  • Living SqFt: 1102.0
  • Sqft Total: 2204.0
  • Sq Ft Total: 3306.0
  • Year Built Numeric: 1951
  • Below Grade Finished Area: 661.0
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • DPRYN: Yes
  • Legal Subdivision: Wheelers Illinois Heights Add L59 7.5' W & Adj L59
  • Photos Count: 28
  • Property Attached: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Transaction Type: Sale
  • Buyer Financing: Conventional
Utilities
  • Electric: 100 Amp Service
  • Solid Waste: Yes
  • Utilities: Cable Connected, Natural Gas Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick, Wood Siding
  • Foundation Details: Block
  • Horse Amenities: None
  • Fencing: Full, Privacy
Interior Features
  • Accessibility Features: No
  • Appliances: Dishwasher, Disposal, Gas Water Heater, Gas Oven, Refrigerator
  • Areas Interior: Bedroom Other on Main,Utility Room
  • Basement Description: Full, Partially Finished
  • Basement YN: Yes
  • Cooling: Central Air
  • Eating Area: Formal Dining Room
  • Fireplace Features: Great Room, Wood Burning
  • Fireplaces Total: 1
  • Heating: Forced Air, Natural Gas
  • Interior Features: Attic Access, Built-in Features, Hardwood Floors, Wood Work Painted, Paddle Fan, Entrance Foyer, Hi-Speed Internet Availbl
  • Levels: Two
  • Kitchen Features: Kitchen Updated
  • Additional Equipment: Security System Owned, Smoke Alarm
  • Room List: Primary Bedroom, Kitchen, Bedroom 2, Bedroom 3, Bedroom 4, Great Room, Dining Room, Play Room, Laundry
  • Room and Features: Primary Bedroom-Upper, Kitchen-Main-Tile-Ceramic, Bedroom 2-Upper, Bedroom 3-Main, Bedroom 4-Main, Great Room-Main, Dining Room-Main, Play Room-Basement, Laundry-Basement-Other
  • Main Level Bedrooms: 2
  • Laundry Features: In Basement
  • Num Bedrooms Upper: 2
  • Num Bedrooms Basement: 0
  • Rooms Basement: 2
Room Information
Room Information
  • Rooms MU: 7
  • Rooms Total MU: 7
  • Total Rooms: 9
Room 1
  • Room Level: Upper
  • Room Dimensions: 17x15
  • Room Type: Primary Bedroom
Room 2
  • Room Level: Main
  • Room Dimensions: 14x9
  • Room Features: Tile-Ceramic
  • Room Type: Kitchen
Room 3
  • Room Level: Upper
  • Room Dimensions: 17x14
  • Room Type: Bedroom 2
Room 4
  • Room Level: Main
  • Room Dimensions: 12x10
  • Room Type: Bedroom 3
Room 5
  • Room Level: Main
  • Room Dimensions: 12x10
  • Room Type: Bedroom 4
Room 6
  • Room Level: Main
  • Room Dimensions: 17x12
  • Room Type: Great Room
Room 7
  • Room Level: Main
  • Room Dimensions: 14x8
  • Room Type: Dining Room
Room 8
  • Room Level: Basement
  • Room Dimensions: 27x20
  • Room Type: Play Room
Room 9
  • Room Level: Basement
  • Room Dimensions: 14x13
  • Room Features: Other
  • Room Type: Laundry
Bathrooms
  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Bathrooms Total Count: 2
  • Full Baths Basement: 0
  • Full Baths Main: 1
  • Full Baths MU: 2
  • Full Baths Upper: 1
  • Half Baths Basement: 0
  • Half Baths Main: 0
  • Half Baths MU: 0
  • Half Baths Upper: 0
Bedrooms
  • Beds MU: 4
  • Bedrooms MU: 4
  • Bedrooms Total: 4

Property History for 5012 Graceland Avenue

DateEvent & SourcePriceAppreciation
Oct 9, 2025

Sold

MIBORMLS #22056440

$500,000—
Sep 10, 2025

Pending

MIBORMLS #22056440

—
Aug 21, 2025

Price Change

MIBORMLS #22056440

$524,900—
Aug 15, 2025

Listed (Active)

MIBORMLS #22056440

$549,900—
Jul 10, 2020

Sold (Public Record)

Public Record #673069491

$390,000

+5.3% / yr

Jul 10, 2020

Sold

MIBORMLS #21709739

$390,000—
Jun 12, 2020

Pending

MIBORMLS #21709739

—
Jun 10, 2020

Listed (Active)

MIBORMLS #21709739

$399,900—
Mar 26, 2018

Sold

MIBORMLS #21546545

$350,000—
Feb 23, 2018

Pending

MIBORMLS #21546545

—
Feb 15, 2018

Listed (Active)

MIBORMLS #21546545

$349,900—
Oct 15, 2013

Sold (Public Record)

Public Record #412331102

$275,000—
Oct 15, 2013

Sold

MIBORMLS #21246383

$275,000—
Aug 19, 2013

Pending

MIBORMLS #21246383

—
Jul 22, 2013

Listed (Active)

MIBORMLS #21246383

$284,900—
Mar 31, 2006

Sold

MIBORMLS #2530272

$215,500—
Mar 3, 2006

Pending

MIBORMLS #2530272

—
May 21, 2005

Expired

MIBORMLS #2428829

—
May 18, 2005

Listed (Active)

MIBORMLS #2530272

$269,000—
May 17, 2005

Expired

MIBORMLS #2468708

—
Dec 17, 2004

Listed (Active)

MIBORMLS #2468708

$249,000—
May 20, 2004

Listed (Active)

MIBORMLS #2428829

$269,000—
DateEvent & SourcePrice
10/09/2025

Sold

MIBORMLS #22056440

$500,000
09/10/2025

Pending

MIBORMLS #22056440

—
08/21/2025

Price Change

MIBORMLS #22056440

$524,900
08/15/2025

Listed (Active)

MIBORMLS #22056440

$549,900
07/10/2020

Sold (Public Record)

Public Record #673069491

$390,000

+5.3% / yr

07/10/2020

Sold

MIBORMLS #21709739

$390,000
06/12/2020

Pending

MIBORMLS #21709739

—
06/10/2020

Listed (Active)

MIBORMLS #21709739

$399,900
03/26/2018

Sold

MIBORMLS #21546545

$350,000
02/23/2018

Pending

MIBORMLS #21546545

—
02/15/2018

Listed (Active)

MIBORMLS #21546545

$349,900
10/15/2013

Sold (Public Record)

Public Record #412331102

$275,000
10/15/2013

Sold

MIBORMLS #21246383

$275,000
08/19/2013

Pending

MIBORMLS #21246383

—
07/22/2013

Listed (Active)

MIBORMLS #21246383

$284,900
03/31/2006

Sold

MIBORMLS #2530272

$215,500
03/03/2006

Pending

MIBORMLS #2530272

—
05/21/2005

Expired

MIBORMLS #2428829

—
05/18/2005

Listed (Active)

MIBORMLS #2530272

$269,000
05/17/2005

Expired

MIBORMLS #2468708

—
12/17/2004

Listed (Active)

MIBORMLS #2468708

$249,000
05/20/2004

Listed (Active)

MIBORMLS #2428829

$269,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5012 Graceland Avenue

Taxable ValueLand$37,600Additions$379,000Total$416,600
Tax Record2024$5,025 ($419 / month)
Home Facts
Beds4Baths1Total Finished SqFt2,204 SqFtAbove Grade Finished SqFt2,204 SqFtStories2Lot Size6,882 SqFtStyleSingle Family ResidenceYear Built1951Year Renovated1987CountyMARIONAPN49-06-11-124-050.000-801Fireplace TypeHas Fireplace

Schools near 5012 Graceland Avenue

This home is within Indianapolis Public Schools.
Rating
School
Type
Grades
Distance
Charter - PK to 6
Public - PK to 6
Public - PK to 6
Public - PK to 8
Rating
School
Distance
Louis B. Russell Jr. School 48
CharterPK to 6

Robert Lee Frost School 106
PublicPK to 6

Charles Warren Fairbanks School 105
PublicPK to 6

James Whitcomb Riley School 43
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 11/17/2025 07:54 PM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.