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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 5101 Graceland Avenue in Cedar Crest, ask any question about this home, or talk through what you should know about buying in Indianapolis.

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ABOUT THIS HOME

Timeless character meets modern confidence in this beautifully updated 1940 Cape Cod. With over 3,000 finished square feet, 3 bedrooms, and 3 full baths, this home delivers the perfect blend of original charm and smart, high-impact upgrades. From the moment you step inside, you'll notice the details that make this home special-original hardwood floors, vintage hardware, and a classic copper mail slot-all thoughtfully preserved. Behind the scenes, major improvements including updated plumbing, electrical, rebuilt windows, and an RO water system offer true peace of mind. The kitchen is designed to impress, featuring a Sub-Zero refrigerator, stainless KitchenAid appliances, and clean, modern finishes that elevate the space. The main living area invites you to unwind with a wood-burning fireplace, custom built-ins, and a warm, welcoming feel throughout. Downstairs, the finished basement expands your living space with a wet bar, surround sound theater setup, and plenty of room to host game nights, gatherings, or quiet evenings in. Step outside and discover your own private retreat-complete with mature landscaping, ambient lighting, a fire pit, screened-in porch, and hot tub. The heated, EV-ready garage adds everyday convenience year-round. Located on a quiet, tree-lined street just moments from Butler University and Hinkle Fieldhouse, this home offers a rare opportunity to own a piece of history without sacrificing modern comfort.

Listed by Kolby Smethers· F.C. Tucker Company· MLS# 22091886
Recently SoldSold in 4 days

$614,900

3Beds
3Baths
3,313Sq Ft

Timeless character meets modern confidence in this beautifully updated 1940 Cape Cod. With over 3,000 finished square feet, 3 bedrooms, and 3 full baths, this home delivers the perfect blend of original charm and smart, high-impact upgrades. From the moment you step inside, you'll notice the deta...

Listed by Kolby Smethers· F.C. Tucker Company· MLS# MBR22091886

3,313

Sq Ft

1940

Year Built

3

Bedrooms

3

Bathrooms

Key things to know

  • Sold 2.5% over list in 4 days
  • Spa / hot tub
  • Fireplace
  • Finished basement (1,295 sqft)
  • Cedar Crest subdivision

Sold

$630,000

+$15,100 over list (2.5%)

Closed
May 8, 2026
Listed at
$614,900
Sold
5 days ago
Sold in
4 days

Price history

  1. Sold$630,000

    May 8, 2026

  2. Listedat $614,900

    Apr 7, 2026

Sold
3
Median price
$585,000
Median DOM
5 days

Comparative value

5 comps in this range

This home is 66% above median for similar nearby sales.

$195K$715KMedian $380K
$630K

FEATURES & AMENITIES

Interior

Attic AccessBuilt-in FeaturesCeiling VaultedPaddle FanWalk-In Closet(s)Wet BarWood Work Stained

Exterior

Gutter GuardsLightingFire Pit

Climate

Heat: Forced AirHeat: Natural GasCool: Central Air

THE FACTS

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

Price history

  • $614,900Listed· Apr 7, 2026

4 days on market

Layout

Main
215 rooms1,295 sq ft
Upper
111 rooms723 sq ft
Basement
14 rooms1,295 sq ft finished

Primary suite

Closet Walk in

Primary bath

Suite

Schools

Indianapolis Public Schools

    Neighborhood

    • Downtown Indianapolis5.3 mi
    • Monon Trail (Carmel)8.2 mi
    • Carmel Central Park8.3 mi
    • Carmel High School8.8 mi
    • Zionsville Community HS9.3 mi
    • IU Health North Hospital9.4 mi

    PROPERTY DETAILS

    Living Area

    3,313 sq ft

    Year Built

    1940

    Stories

    Two

    Subdivision

    Cedar Crest

    Bedrooms

    3

    Bathrooms

    3 full

    Garage

    2 spaces

    School District

    Indianapolis Public Schools

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