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722 Terrace Avenue

Indianapolis, IN 46203

ActiveListed Sep 29, 2026 · 14 days on market

Key facts

Beds
4
Baths
3 full
Living area
1,846 sqft
Lot
0.08 acres
Year built
1902
Type
Residential · Single Family Residence
Stories
Two
MLS #
22128565
County
Marion
Subdivision
South Park

About this home

A beautiful home - and help making it yours. With an acceptable offer, the seller is willing to work with you on an interest-rate buydown designed to lower your monthly mortgage payment and help you take your next step with confidence, subject to lender approval and loan-program limits. Terrace Avenue feels like an open-air gallery of homes, each with its own look and story. At 722 Terrace, that individuality continues inside. Built in 1902 and beautifully renovated, this Bates-Hendricks home welcomes you with warm wood floors, high ceilings, rustic details, a spacious great room, and a wide staircase. The great room flows into the dining area and kitchen, where two-tone cabinetry, distinctive octagonal windows, and a dedicated cafe station bring personality to everyday life. Set the mood for quiet mornings or evenings with friends with speakers built into the main-level ceiling. A bedroom and full bath complete the first floor. Upstairs are three bedrooms and two full baths, including a primary suite with a custom tiled shower and double vanity. A tucked-away laundry area adds everyday convenience right where you need it. French doors from the dining area frame the backyard and open to a deck. The fully fenced yard offers room to relax or entertain, with potential to add a garage. Close to downtown Indianapolis, Fountain Square, Garfield Park, and the Pleasant Run Trail, the location offers appeal for those exploring Airbnb or short-term rental opportunities. Furniture is available for separate purchase. Come experience the character of 722 Terrace Avenue for yourself. Your new home comes with a thoughtful extra - a seller-provided home warranty.

Description provided by the listing brokerage.

Interior

Appliances
DishwasherDisposalGas Water HeaterMicroHoodElectric OvenRefrigerator
Interior features
Bath Sinks Double MainHigh CeilingsHi-Speed Internet AvailblSmart ThermostatWood Work Painted
Flooring
Hardwood
Fireplaces
1
Fireplace type
Living RoomNon Functional
Laundry
Upper Level
Windows
Vinyl Windows
Rooms
7
Main-level bedrooms
1
Condition
Updated/Remodeled

Exterior

Patio and porch
CoveredDeck
Construction
Vinyl Siding
Foundation
CellarCrawl Space
Style
Dutch Colonial
Parking and garage
Alley Access

Systems

Heating
Forced AirGas
Cooling
Central Air
Water
Public

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$6,014 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$2,388per month, estimated
Principal and interest $1,764Property tax $501Insurance $123
20% · $70,000
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$350,000
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