Spacious 5 bed, 3 bath home set on roughly 2.5 peaceful acres, complete with a charming 1 bed, 1 bath guest house. The main home offers generous square footage, flexible living areas, and tons of potential for updates to fit your style. Whether you're looking to create your dream residence or take advantage of a strong investment opportunity, this property delivers space, privacy, and endless options. The separate guest house is perfect for extended family, visitors, or rental income, and the wide-open acreage gives you room to expand, garden, entertain, or just breathe. A rare chance to make a truly versatile property your own.
Active
$285,000
5429 E Terrace Ave, Indianapolis, IN 46203
5beds
2,668sqft
Est.:
Residential, Single Family Residence
Built in 1949
2.18 Acres Lot
$-- Zestimate®
$107/sqft
$-- HOA
What's special
Wide-open acreage
- 36 days |
- 1,028 |
- 62 |
Zillow last checked: 8 hours ago
Listing updated: November 14, 2025 at 02:35pm
Listing Provided by:
Sarah Fishburn 317-989-5613,
F.C. Tucker Company,
Brandon Fishburn 317-445-5189
Source: MIBOR as distributed by MLS GRID,MLS#: 22072406
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 2
- Main level bedrooms: 1
Primary bedroom
- Features: Tile-Ceramic
- Level: Main
- Area: 150 Square Feet
- Dimensions: 15x10
Bedroom 2
- Level: Upper
- Area: 120 Square Feet
- Dimensions: 12x10
Bedroom 3
- Level: Upper
- Area: 120 Square Feet
- Dimensions: 12x10
Bedroom 4
- Level: Upper
- Area: 120 Square Feet
- Dimensions: 12x10
Bedroom 5
- Level: Upper
- Area: 120 Square Feet
- Dimensions: 12x10
Bonus room
- Level: Upper
- Area: 228 Square Feet
- Dimensions: 19x12
Dining room
- Level: Main
- Area: 180 Square Feet
- Dimensions: 15x12
Kitchen
- Level: Main
- Area: 238 Square Feet
- Dimensions: 17x14
Living room
- Level: Main
- Area: 120 Square Feet
- Dimensions: 12x10
Office
- Level: Main
- Area: 120 Square Feet
- Dimensions: 12x10
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Microwave, Gas Oven, Refrigerator
Features
- Eat-in Kitchen
- Has basement: No
Interior area
- Total structure area: 2,668
- Total interior livable area: 2,668 sqft
Property
Parking
- Parking features: None, Detached
Features
- Levels: Two
- Stories: 2
Lot
- Size: 2.18 Acres
Details
- Additional structures: Guest House
- Additional parcels included: 491015133011.000700, 491015133008.000700.
- Parcel number: 491015133010000700
- Special conditions: As Is
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Residential, Single Family Residence
Materials
- Vinyl With Brick
- Foundation: Block
Condition
- New construction: No
- Year built: 1949
Utilities & green energy
- Water: Public
Community & HOA
Community
- Subdivision: No Subdivision
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $107/sqft
- Tax assessed value: $163,400
- Annual tax amount: $1,854
- Date on market: 11/12/2025
- Cumulative days on market: 37 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/12/2025 | Listed for sale | $285,000$107/sqft |
Source:  MIBOR as distributed by MLS GRID #22072406 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,745 +21.4% | $163,400 +5.6% |
| 2023 | $1,438 +13% | $154,800 +16.8% |
| 2022 | $1,273 +12.5% | $132,500 +12.5% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,672/mo
Principal & interest
$1363
Property taxes
$209
Home insurance
$100
Climate risks
Neighborhood: Southeast
Nearby schools
GreatSchools rating
- 5/10Lowell Elementary SchoolGrades: K-4Distance: 1.5 mi
- 4/10Raymond Park Middle School (7-8)Grades: 5-8Distance: 3.3 mi
- 2/10Warren Central High SchoolGrades: 9-12Distance: 5 mi
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