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514 Spruce Street

Indianapolis, IN 46203

ActiveListed Aug 20, 2026 · 54 days on market

Key facts

Beds
3
Baths
2 full · 1 half
Living area
2,154 sqft
Lot
0.03 acres
Year built
2021
Type
Residential · Single Family Residence
Stories
Two
Garage
1 space
MLS #
22119541
County
Marion
Subdivision
Spann & Cos 2nd Woodlawn Add

About this home

Welcome to a home with as much personality as its Fountain Square surroundings. This Blankenship Custom Home blends thoughtful design, bold character, and high-end finishes in one of downtown Indianapolis' most vibrant neighborhoods. From the rusted Indiana metal artwork above the garage to the custom built-ins, metal handrails, and one-of-a-kind details throughout, this home was designed to stand apart. Inside, the open floor plan is grounded by engineered white oak hardwoods and centered around a striking Calacatta waterfall island, custom cabinetry, and a high-end appliance package. A built-in ventless fireplace adds warmth to the living space, while custom vanities and a beautifully finished shower carry the craftsmanship throughout the home. With 3 bedrooms, 2.5 baths, a low-maintenance design, and an oversized attached one-car garage, the home delivers function without sacrificing style. And the location is quintessential Fountain Square-walkable, eclectic, energetic, and surrounded by the restaurants, music, art, and local flavor that make this neighborhood one of Indy's most distinctive places to call home. Not cookie-cutter. Not trying to be. This is Fountain Square.

Description provided by the listing brokerage.

Interior

Appliances
Gas CooktopDishwasherDisposalMicrowaveRange HoodRefrigerator
Interior features
Built-in FeaturesHigh CeilingsWalk-In Closet(s)Bath Sinks Double Main
Flooring
Hardwood
Rooms
6

Exterior

Patio and porch
CoveredPatio
Construction
Wood Siding
Foundation
Block
Style
Contemporary
Parking and garage
Attached
Fencing
Fence Complete
Other equipment
Smoke Alarm

Systems

Heating
Forced AirGas
Cooling
Central Air
Water
Public
Utilities
Cable Available

Lot and HOA

Lot features
SidewalksStorm SewerStreet Lights

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$2,762 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$2,737per month, estimated
Principal and interest $2,344Property tax $230Insurance $163
20% · $93,000
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$465,000
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