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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 518 Terrace Avenue in South Park, ask any question about this home, or talk through what you should know about buying in Indianapolis.

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ABOUT THIS HOME

Renovated from top to bottom, this 3-bed / 2.5-bath Bates-Hendricks home is sure to impress. Previously featured on HGTV's Good Bones, the home offers an open-concept main level with durable laminate hardwood flooring and great natural flow for everyday living. The spacious kitchen features tons of storage, stainless steel appliances, open shelving, a walk-in pantry, and a large island perfect for gathering. A flexible main-level room works well as a home office or third bedroom. Upstairs, you'll find the primary suite with a spacious bathroom and walk-in closet, along with a second bedroom and full bath with generous closet space. The fully fenced backyard features a large deck-ideal for relaxing or hosting. Washer and dryer included. Ideally located near Fountain Square, Garfield Park, and downtown Indianapolis, this home offers easy access to the Eli Lilly campus, Lucas Oil Stadium, Gainbridge Fieldhouse, and I-465 for convenient commuting throughout the city.

Listed by Mia Schulte· eXp Realty LLC· MLS# 22087604
Recently SoldSold in 9 days

$350,000

3Beds
2.1Baths
1,622Sq Ft

Renovated from top to bottom, this 3-bed / 2.5-bath Bates-Hendricks home is sure to impress. Previously featured on HGTV's Good Bones, the home offers an open-concept main level with durable laminate hardwood flooring and great natural flow for everyday living. The spacious kitchen features tons of ...

Listed by Mia Schulte· eXp Realty LLC· MLS# MBR22087604

1,622

Sq Ft

1909

Year Built

3

Bedrooms

2.1

Bathrooms

Key things to know

  • Sold 4.3% below list in 9 days
  • Basement
  • South Park subdivision

Sold

$335,000

-$15,000 below list (-4.3%)

Closed
May 4, 2026
Listed at
$350,000
Sold
1 week ago
Sold in
9 days

Price history

  1. Sold$335,000

    May 4, 2026

  2. Listedat $350,000

    Mar 11, 2026

Sold
3
Median price
$335,000
Median DOM
9 days

Comparative value

5 comps in this range

This home is 40% above median for similar nearby sales.

$208K$482KMedian $240K
$335K

FEATURES & AMENITIES

Interior

High CeilingsBreakfast Bar

Climate

Heat: Forced AirHeat: Natural GasCool: Central Air

THE FACTS

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

Price history

  • $350,000Listed· Mar 11, 2026

9 days on market

Layout

Main
12 rooms1,012 sq ft
Upper
222 rooms610 sq ft

Primary suite

Closet Walk in

Primary bath

Sinks Double,Tub Full

Schools

Indianapolis Public Schools

    Neighborhood

    • Downtown Indianapolis1.5 mi
    • Monon Trail (Carmel)14.6 mi
    • Carmel Central Park15.0 mi
    • Carmel High School15.3 mi
    • IU Health North Hospital15.3 mi
    • Zionsville Community HS15.7 mi

    PROPERTY DETAILS

    Living Area

    1,622 sq ft

    Year Built

    1909

    Stories

    One and One Half

    Subdivision

    South Park

    Bedrooms

    3

    Bathrooms

    2 full, 1 half

    School District

    Indianapolis Public Schools

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