
Sheldon Barnes
For Sale — 5114 Carvel Avenue, Indianapolis, IN 462053
Beds
2
Baths
2,001
Sq Ft
1952
Year Built
0.53
Acres
Schedule a tour or ask a question
Sheldon Barnes can help you tour 5114 Carvel Avenue
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 5114 Carvel Avenue in Monticello, ask any question about this home, or talk through what you should know about buying in Indianapolis.
ABOUT THIS HOME
5114 Carvel Ave is the kind of home that rarely comes along. It combines direct Monon Trail access, more than half an acre of private outdoor space, a fully renovated and open-concept interior, and major mechanical updates-all in one exceptional property. Situated on a private 0.53-acre lot, this modernized 3-bed 2-bath plus bonus room home offers a private gate access to connect immediately to the Monon Trail, which offers some of the highest levels of walkability in Indianapolis. This home provides a beautifully redesigned open-concept layout, vaulted ceilings paired with stunning exposed beams, and a showpiece kitchen featuring a large quartz island, custom steel railing, and new stainless-steel appliances. The effortless flow from the kitchen, dining, and main living area is perfect for entertaining and family gatherings. The spacious primary suite includes a brand-new full bath, while the second bathroom offers a spa-like experience with a jacuzzi tub, skylight, and built-in Bluetooth speakers. The finished basement provides flexible space for a media room, home office, fitness area, hobby room, or guest retreat. Stepping outside from the sunroom, a brand-new oversized deck overlooks one of the areas most impressive private backyards, offering lots of space for entertaining, pets, play, and outdoor living. Major updates include a new roof (2023), high-efficiency HVAC system (2025), high-efficiency furnace (2025), 50-gallon gas water heater (2025), new PEX water lines and PVC drains (2024), waterproofed and finished basement (2025), refinished hardwood floors with light contemporary stain (2026), new paint (2025), and more. Enjoy a walkable lifestyle and visit nearby favorites including Half Liter Beer & BBQ Hall, BreadWorks, Good Morning Mamas, Upland Brewing, and Mama Carollas. From day one, you'll enjoy a seamless lifestyle-easily moving from rest to activity to connection, and when you return home, you'll be welcomed by privacy, comfort, and tranquility.
Key things to know
- Fireplace
- Finished basement (985 sqft)
- Monticello subdivision
Monthly payment
Estimate · $429,500
$2,624/mo
≈ $2,286 principal & interest · $339 tax
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $85,900 on a loan of $343,600.
Price history
- Listedat $439,900
May 14, 2026
Monticello · activity
past 6 months
- Sold
- 2
- Median price
- $280,000
- Median DOM
- 39 days
Recent comparable sales

$275,000
4711 Crittenden Avenue
3bd · 2ba · 1,494 sqft
Sold Jun 2026

$240,000
5124 Primrose Avenue
3bd · 1ba · 1,592 sqft
Sold Jun 2026

$297,000
4549 Caroline Avenue
3bd · 3ba · 1,683 sqft
Sold Jun 2026

$299,900
2434 N Pennsylvania Street
3bd · 3ba · 1,440 sqft
Sold Feb 2026

$398,000
2443 N Pennsylvania Street
3bd · 3ba · 1,850 sqft
Sold Aug 2025
Comparative value
5 comps in this range
This home is 45% above median for similar nearby sales.
Estimated values and comparable-sales ranges shown here are for informational purposes only. They are derived from public records and recent MLS sales, are not an appraisal or formal Comparative Market Analysis (CMA), and should not be used as the sole basis for any pricing, purchase, sale, or financing decision. For an accurate market value of a specific property, contact Sheldon Barnes for a personalized CMA.
FEATURES & AMENITIES
Interior
Exterior
Climate
THE FACTS
Pricing trajectory, room-by-room layout, schools, and what's nearby.
Price history
$439,900Listed· May 14, 2026
29 days on market
Layout
Primary suite
Closet Walk in
Primary bath
Shower Stall Full,Sinks Double,Suite
Schools
Indianapolis Public Schools
Neighborhood
- Downtown Indianapolis5.4 mi
- Monon Trail (Carmel)7.9 mi
- Carmel Central Park8.3 mi
- Carmel High School8.5 mi
- IU Health North Hospital8.8 mi
- Carmel Arts & Design District9.2 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
2,001 sq ft
Year Built
1952
Stories
One
Subdivision
Monticello
Bedrooms
3
Bathrooms
2 full
Garage
1 spaces
School District
Indianapolis Public Schools
