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$429,5005114 Carvel Avenue
For Sale29 days on market

5114 Carvel Avenue

Indianapolis, Indiana 46205

Monticello

$429,500

$439,900

Schedule a Showing

3

Beds

2

Baths

2,001

Sq Ft

1952

Year Built

0.53

Acres

Open Housein 2 days

Sunday, Jun 14

2–4PM

Sheldon Barnes, Carmel Realtor

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.

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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.

Listed by Paul Gorrell· CrestPoint Real Estate· MLS# 22102004

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

  1. Listedat $439,900

    May 14, 2026

Sold
2
Median price
$280,000
Median DOM
39 days

Comparative value

5 comps in this range

This home is 45% above median for similar nearby sales.

$240K$398KMedian $297K
$430K

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

Attic AccessBreakfast BarBuilt-in FeaturesCeiling VaultedHardwood FloorsHi-Speed Internet AvailblEat-in KitchenSmart ThermostatWalk-In Closet(s)

Exterior

Smart Lock(s)

Climate

Heat: Forced AirHeat: Natural GasCool: Central Air

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

Main
215 rooms1,016 sq ft
Basement
114 rooms985 sq ft finished

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

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