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Sheldon Barnes is a Carmel realtor and licensed real estate agent serving Indianapolis, Indiana and the rest of Hamilton County. Book a private tour of 1137 Gulf Drive in Depot, ask any question about this home, or talk through what you should know about buying in Indianapolis.

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ABOUT THIS HOME

137 Gulf Dr in Indianapolis-an excellent opportunity for buyers seeking value, space, and standout features not often found in the neighborhood. This home was remodeled in 2020 and includes major system updates that matter most: new roof, gutters, HVAC, water heater, and appliances-all updated in 2020. In addition, the sewer line was replaced within the last five years-a significant upgrade that many homes in the area have not completed, offering added peace of mind for the next owner. The home offers a solid foundation for someone ready to add fresh cosmetic touches and make it their own, with pricing thoughtfully reflecting the opportunity for light updates and personalization. Unlike many nearby homes, this property features two full bathrooms (versus the more common 1.5 baths), a bright sunroom that adds flexible living space, and overhead lighting with ceiling fans throughout. The fully fenced chain-link backyard provides functional outdoor space and includes a peaceful pond view (view only, no access), creating a unique backdrop not found in surrounding properties. The home is being sold as-is, with cosmetic updates needed, which has been factored into the attractive price point. If you're looking for a value-driven opportunity with major mechanicals already handled-and the chance to add your own style-this home delivers features and peace of mind that many nearby options simply don't.

Listed by Angi Oakes· Berkshire Hathaway Home· MLS# 22085920
Recently SoldSold in 18 days

$170,000

$185,000

3Beds
2Baths
1,320Sq Ft

137 Gulf Dr in Indianapolis-an excellent opportunity for buyers seeking value, space, and standout features not often found in the neighborhood. This home was remodeled in 2020 and includes major system updates that matter most: new roof, gutters, HVAC, water heater, and appliances-all updated in 20...

Listed by Angi Oakes· Berkshire Hathaway Home· MLS# MBR22085920

1,320

Sq Ft

1986

Year Built

3

Bedrooms

2

Bathrooms

Key things to know

  • Sold 8.1% below list in 18 days
  • Depot subdivision

Sold

$170,000

-$15,000 below list (-8.1%)

Closed
Apr 24, 2026
Listed at
$185,000
Sold
2 weeks ago
Sold in
18 days

Price history

  1. Sold$170,000

    Apr 24, 2026

  2. Price reduced$185,000 → $170,000

    Mar 27, 2026

  3. Listedat $185,000

    Feb 25, 2026

Depot · activity

past 6 months

Sold
5
Median price
$200,000
Median DOM
18 days

Comparative value

5 comps in this range

This home is 29% below median for similar nearby sales.

$190K$270KMedian $240K
$170K

FEATURES & AMENITIES

Interior

Ceiling VaultedHi-Speed Internet AvailblWalk-In Closet(s)Wood Work Painted

Climate

Heat: Forced AirHeat: ElectricCool: Central Air

THE FACTS

Pricing trajectory, room-by-room layout, schools, and what's nearby.

Price history

  • $185,000Listed· Feb 25, 2026

  • $170,000Reduced

    $15,000 (8.1% off original)

18 days on market

Layout

Main
327 rooms1,320 sq ft

Primary suite

Closet Walk in

Primary bath

Shower Stall Full,Suite

Schools

Perry Township Schools

  • Elementary

    Glenns Valley Elementary School

  • Middle

    Perry Meridian Middle School

  • High

    Perry Meridian High School

Neighborhood

  • Downtown Indianapolis9.0 mi
  • Monon Trail (Carmel)22.3 mi
  • Carmel Central Park22.6 mi
  • Zionsville Community HS22.6 mi
  • Carmel High School23.0 mi
  • IU Health North Hospital23.0 mi

PROPERTY DETAILS

Living Area

1,320 sq ft

Year Built

1986

Stories

One

Subdivision

Depot

Bedrooms

3

Bathrooms

2 full

Garage

1 spaces

School District

Perry Township Schools

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