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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 5017 N Pennsylvania Street in Mcilvains East Meridian, ask any question about this home, or talk through what you should know about buying in Indianapolis.

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ABOUT THIS HOME

Just steps from the coveted 49th Street retail corridor, this exquisite 1927 home blends the grace of classic architecture with the sophistication of modern design. Every inch has been reimagined with artistry and intention - from the custom millwork, gleaming hardwoods, and high-end finishes defining each space, to the core replacement of all-new electrical and plumbing systems. At the heart of the home lies a bespoke kitchen, meticulously crafted with a large center island, premium cabinetry, designer hardware, and an abundance of intelligent pull-outs that maximize both elegance and efficiency. The adjoining laundry/pantry/mudroom-a rare amenity in this area-provides seamless access to the attached garage, enhancing daily convenience without sacrificing style. Sophisticated solid wood and daisy glass doors, including French doors to the dining room and graceful pocket doors to the office, elevate the home's historic character. Every closet features custom built-ins, while custom-stained wood molding and refined built-ins throughout the lower and upper levels speak to the home's craftsmanship. Upstairs, the primary suite serves as a serene sanctuary, offering a spa-like bath with a steam shower, double vanity, and a luxurious walk-in closet. The light-filled lower level extends the home's living space, featuring four large windows offering natural light throughout the gathering space, a built-in bar, and a bedroom. Three solid, fully renovated floors ensure enduring quality, while the family room's carved limestone fireplace, covered front porch haven, and private backyard oasis create the perfect nuances for refined living.

Listed by Kristi Gaynor· F.C. Tucker Company· MLS# 22067966
Recently SoldSold in 154 days

$875,000

$965,000

4Beds
2.2Baths
3,341Sq Ft

Just steps from the coveted 49th Street retail corridor, this exquisite 1927 home blends the grace of classic architecture with the sophistication of modern design. Every inch has been reimagined with artistry and intention - from the custom millwork, gleaming hardwoods, and high-end finishes defini...

Listed by Kristi Gaynor· F.C. Tucker Company· MLS# MBR22067966

3,341

Sq Ft

1927

Year Built

4

Bedrooms

2.2

Bathrooms

Key things to know

  • Sold 11% below list in 154 days
  • Fireplace
  • Finished basement (905 sqft)
  • Mcilvains East Meridian subdivision

Sold

$857,500

-$107,500 below list (-11.1%)

Closed
May 1, 2026
Listed at
$965,000
Sold
1 week ago
Sold in
154 days

Price history

  1. Sold$857,500

    May 1, 2026

  2. Price reduced$895,000 → $875,000

    Mar 19, 2026

  3. Listedat $965,000

    Nov 4, 2025

Comparative value

5 comps in this range

This home is 53% above median for similar nearby sales.

$299K$865KMedian $560K
$858K

FEATURES & AMENITIES

Interior

Attic StairwayHardwood FloorsEat-in Kitchen

Exterior

Storage Shed

Climate

Heat: Forced AirHeat: Natural GasCool: Central Air

THE FACTS

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

Price history

  • $965,000Listed· Nov 4, 2025

  • $875,000Reduced

    $90,000 (9.3% off original)

154 days on market

Layout

Main
5 rooms1,284 sq ft
Upper
323 rooms1,152 sq ft
Basement
12 rooms905 sq ft finished

Primary suite

Closet Walk in

Primary bath

Shower Stall Full,Sinks Double,Suite

Schools

Indianapolis Public Schools

    Neighborhood

    • Downtown Indianapolis5.2 mi
    • Monon Trail (Carmel)8.1 mi
    • Carmel Central Park8.4 mi
    • Carmel High School8.8 mi
    • IU Health North Hospital9.3 mi
    • Carmel Arts & Design District9.4 mi

    PROPERTY DETAILS

    Living Area

    3,341 sq ft

    Year Built

    1927

    Stories

    Two

    Subdivision

    Mcilvains East Meridian

    Bedrooms

    4

    Bathrooms

    2 full, 2 half

    Garage

    2 spaces

    School District

    Indianapolis Public Schools

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