Recently Sold — 5101 Graceland Avenue, Indianapolis, IN 46208Schedule a tour or ask a question
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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.
$614,900
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...
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
- Sold$630,000
May 8, 2026
- Listedat $614,900
Apr 7, 2026
Cedar Crest · activity
past 6 months
- Sold
- 3
- Median price
- $585,000
- Median DOM
- 5 days
Recent comparable sales

$195,000
3057 Skylar Lane
2bd · 3ba · 2,520 sqft
Sold May 2026

$235,000
425 W 41st Street
4bd · 3ba · 3,860 sqft
Sold May 2026

$585,000
5310 N Kenwood Avenue
4bd · 2ba · 3,105 sqft
Sold May 2026

$380,000
2718 Boulevard Place
4bd · 3ba · 2,459 sqft
Sold Apr 2026

$715,000
4123 N Capitol Avenue
4bd · 4ba · 3,808 sqft
Sold Mar 2026
Comparative value
5 comps in this range
This home is 66% above 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
$614,900Listed· Apr 7, 2026
4 days on market
Layout
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

