Recently Sold — 2054 Gerrard Avenue, Speedway, IN 46224Schedule a tour or ask a question
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ABOUT THIS HOME
Welcome Race Fans! Just in time for the Greatest Spectacle in Racing, this charming 1948 bungalow sits just blocks from the Indianapolis Motor Speedway and puts you right in the heart of all the action! Whether you're looking for your first home, a weekend getaway, or a smart investment opportunity, this Speedway gem delivers both excitement and everyday comfort. Step inside to find beautiful hardwood floors and a warm, inviting layout packed with character. The updated eat-in kitchen blends vintage charm with modern touches, featuring quartz countertops, stainless steel appliances, painted cabinetry, and a tile backsplash-perfect for morning coffee or hosting friends before race day festivities. This 2-bedroom, 1-bath home offers approximately 750 square feet on the main level, plus an additional 750 square feet in the basement-ready to be transformed into your dream rec space, game room, or ultimate race day hangout. Already a great spot for a man cave or big-screen viewing area, the possibilities are endless. Out back, you'll find an entertainer's dream: a large, fully fenced, shaded yard complete with a fire pit and a one-of-a-kind flat stump table-ideal for relaxing evenings, gatherings, and making memories year-round. Convenient rear access leads directly into the kitchen or down to the basement. Car enthusiasts and hobbyists will love the detached 2-car garage, offering ample space for storage, projects, or your prized vintage vehicles. Major mechanicals provide peace of mind with a newer A/C (3 years), water heater (4 years), furnace (11 years), and roof (10 years). Located just minutes from shopping, dining, coffee shops, local favorites like the AJ Foyt Wine Vault, indoor karting, major highways, and a quick straight shot to downtown Indianapolis-this location truly can't be beat! Don't miss your chance to own a piece of Speedway living-schedule your showing today and get ready to experience the thrill of race season right from your doorstep!
$229,000
Welcome Race Fans! Just in time for the Greatest Spectacle in Racing, this charming 1948 bungalow sits just blocks from the Indianapolis Motor Speedway and puts you right in the heart of all the action! Whether you're looking for your first home, a weekend getaway, or a smart investment opportunity...
1,500
Sq Ft
1948
Year Built
2
Bedrooms
1
Bathrooms
Key things to know
- Sold at list price in 5 days
- Finished basement (750 sqft)
- Everett M Schofield subdivision
Sold
$229,000
- Closed
- May 6, 2026
- Sold
- 1 week ago
- Sold in
- 5 days
Price history
- Sold$229,000
May 6, 2026
- Listedat $229,000
Apr 2, 2026
Everett M Schofield · activity
past 6 months
- Sold
- 4
- Median price
- $224,999
- Median DOM
- 45 days
Recent comparable sales

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Comparative value
5 comps in this range
This home is 8.4% below median for similar nearby sales.
FEATURES & AMENITIES
Interior
Exterior
Climate
THE FACTS
Pricing trajectory, room-by-room layout, schools, and what's nearby.
Price history
$229,000Listed· Apr 2, 2026
5 days on market
Layout
Primary bath
Tub Full with Shower
Schools
School Town of Speedway
Middle
Speedway Junior High School
High
Speedway Senior High School
Neighborhood
- Downtown Indianapolis5.2 mi
- Zionsville Community HS11.6 mi
- Carmel Central Park12.7 mi
- Monon Trail (Carmel)13.3 mi
- Carmel High School13.9 mi
- Carmel Arts & Design District14.5 mi
PROPERTY DETAILS
Living Area
1,500 sq ft
Year Built
1948
Stories
One
Subdivision
Everett M Schofield
Bedrooms
2
Bathrooms
1 full
Garage
2 spaces
School District
School Town of Speedway

