Pending6d on market
2054 Gerrard Ave
Indianapolis, IN, 46224 • 46224 • Marion County
$229,000
$153/sqft
Down payment assistance available
2Beds
1Baths
1,500Sqft
0.15 acLot
1948Built
Property DNA
Neighborhood Views
Neighborhood
Bungalow Style
Built 1948 · 78 years of history
Everett M Schofield
46224
Outdoor Living
Covered · Patio
2-Car Garage
Detached
Premium Finishes
Hardwood Floors
Hardwood Floors
Quality flooring throughout
This home is getting attention
Listed 6 days ago · 1,623 views · 77 saves
Market activity
Demand and pricing signals for this listing
1,623 views
People checking out this listing
77 saves
Buyers have saved this home
6 days on market
Just listed — act fast
$153/sqft
Price per square foot
Selling Soon Prediction
HighThis home ranks in the top 17% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
Single Family · Built 1948
Welcome Race Fans! Just in time for the Greatest Spectacle in Racing, this charming 1948 bungalow sits just blocks from the Indianapolis Motor Speedway and puts you right in the heart of all the action! Whether you're looking for your first home, a weekend getaway, or a smart investment opportunity, this Speedway gem delivers both excitement and everyday comfort. Step inside to find beautiful hardwood floors and a warm, inviting layout packed with character. The updated eat-in kitchen blends vintage charm with modern touches, featuring quartz countertops, stainless steel appliances, painted cabinetry, and a tile backsplash-perfect for morning coffee or hosting friends before race day festivities. This 2-bedroom, 1-bath home offers approximately 750 square feet on the main level, plus an additional 750 square feet in the basement-ready to be transformed into your dream rec space, game room, or ultimate race day hangout. Already a great spot for a man cave or big-screen viewing area, the possibilities are endless. Out back, you'll find an entertainer's dream: a large, fully fenced, shaded yard complete with a fire pit and a one-of-a-kind flat stump table-ideal for relaxing evenings, gatherings, and making memories year-round. Convenient rear access leads directly into the kitchen or down to the basement. Car enthusiasts and hobbyists will love the detached 2-car garage, offering ample space for storage, projects, or your prized vintage vehicles. Major mechanicals provide peace of mind with a newer A/C (3 years), water heater (4 years), furnace (11 years), and roof (10 years). Located just minutes from shopping, dining, coffee shops, local favorites like the AJ Foyt Wine Vault, indoor karting, major highways, and a quick straight shot to downtown Indianapolis-this location truly can't be beat! Don't miss your chance to own a piece of Speedway living-schedule your showing today and get ready to experience the thrill of race season right from your doorstep!
Standout features identified
Our analysis highlights fire pit, quartz countertops, and one-of-a-kind flat stump table as key attractions of this home.
Estimated monthly payment
Based on current rates
$1,503/month
Principal & Interest$1,198
Property Tax$229
Insurance$76
Down payment20% ($45,800)
3%50%
Est. 6.83% rate · 30yr fixed · $183,200 loan
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At a glance
Key facts and listing details
TypeResidential, Single Family Residence
Year Built1948
HeatingForced Air, Electric, Natural Gas
CoolingCentral Air
Parking2 Garage spaces
Lot6,534 sqft
Days on Zillow6 Days
Price/sqft$153
Property
Home typeSingle Family
Sub-typeResidential, Single Family Residence
StyleBungalow
Year built1948
Stories1
Systems
HeatingForced Air, Electric, Natural Gas
CoolingCentral Air
ConstructionAluminum Siding
Water / SewerPublic
Parking & Outdoor
ParkingDetached
Garage2 spaces
BasementDaylight,Finished Walls,Roughed In,Storage Space
FencingFenced,Full,Gate
Lot6,534 sqft
Location & Tax
Neighborhood46224
Annual tax$1,672
Parcel490631120073000914
Bathrooms & Fees
Full baths1
Features & details
14 categories of property features
Interior Features
Interior
Ceiling Fan(s)
Hardwood Floors
Eat-in Kitchen
Wired for Data
Pantry
Appliances
Dishwasher
Dryer
Disposal
Gas Water Heater
MicroHood
Gas Oven
Refrigerator
Washer
Flooring
Hardwood
Heating
Forced Air
Electric
Natural Gas
Cooling
Central Air
Laundry
In Basement
Sink
Windows
WoodWorkStain/Painted
Accessibility
Hallway - 36 Inch Wide
Exterior Features
Exterior
Fire Pit
Parking
Detached
Construction
Aluminum Siding
Patio & Porch
Covered
Patio
Lot Features
Corner Lot
Curbs
Sidewalks
Storm Sewer
Street Lights
Mature Trees
Views
Neighborhood
Room details
6 rooms detailed
Master Bedroom
Main16×10 ft160 sqft
Bedroom2
Main11×10 ft110 sqft
Family Room
Basement26×13 ft338 sqft
Other
Kitchen
Main13×11 ft143 sqft
Luxury Vinyl Plank
Laundry
Main14×12 ft168 sqft
Other
Living Room
Main16×11 ft176 sqft
Listing insights
Market data and value estimates
StatusPending
Days on market6
Tax rate0.96%
Price/sqft$153
On marketApr 2, 2026
PostedApr 2, 2026
Last sold$67,000
MLS statusPending
MLS updatedApr 6, 2026
Tour days6
Views1,623
Favorites77
How are the schools in Indianapolis?
3 schools rated nearby
Location
Indianapolis, IN, 46224
Price history
20 events
DateEventPrice$/sqftSource
Apr 6, 2026Pending Sale$229,000$153MIBOR as distributed by MLS GRID
Apr 2, 2026Listed For Sale$229,000$153MIBOR as distributed by MLS GRID
Sep 21, 2015Listing Removed$69,900$47F.C. Tucker Company
Nov 7, 2014Sold$67,000$45MIBOR as distributed by MLS GRID
Oct 1, 2014Pending Sale$69,900$47F.C. Tucker Company, Inc.
Aug 29, 2014Price Change$69,900$47F.C. Tucker Company, Inc.
Jul 17, 2014Price Change$75,000$50F.C. Tucker Company, Inc.
Jun 28, 2014Price Change$79,900$53F.C. Tucker Company, Inc.
May 17, 2014Listed For Sale$82,500$55F.C. Tucker Company, Inc.
Feb 23, 2014Listing Removed$82,500$55F.C. Tucker Company, Inc.
Dec 12, 2013Price Change$82,500$55F.C. Tucker Company, Inc.
Nov 28, 2013Price Change$83,000$55F.C. Tucker Company, Inc.
Nov 14, 2013Price Change$83,500$56F.C. Tucker Company, Inc.
Nov 1, 2013Price Change$84,000$56F.C. Tucker Company, Inc.
Oct 23, 2013Price Change$84,500$56F.C. Tucker Company, Inc.
Sep 12, 2013Price Change$85,000$57F.C. Tucker Company, Inc.
Aug 23, 2013Listed For Sale$87,500$58F.C. Tucker Company, Inc.
Jun 30, 2008Listing Removed$102,500$68RE/MAX of Indiana
Feb 25, 2008Listed For Sale$102,500$68RE/MAX of Indiana
Dec 26, 2000Sold$90,000$60MIBOR as distributed by MLS GRID
Pending Sale$229,000
Apr 6, 2026•$153/sqft•MIBOR as distributed by MLS GRID
Listed For Sale$229,000
Apr 2, 2026•$153/sqft•MIBOR as distributed by MLS GRID
Listing Removed$69,900
Sep 21, 2015•$47/sqft•F.C. Tucker Company
Sold$67,000
Nov 7, 2014•$45/sqft•MIBOR as distributed by MLS GRID
Pending Sale$69,900
Oct 1, 2014•$47/sqft•F.C. Tucker Company, Inc.
Price Change$69,900
Aug 29, 2014•$47/sqft•F.C. Tucker Company, Inc.
Price Change$75,000
Jul 17, 2014•$50/sqft•F.C. Tucker Company, Inc.
Price Change$79,900
Jun 28, 2014•$53/sqft•F.C. Tucker Company, Inc.
Listed For Sale$82,500
May 17, 2014•$55/sqft•F.C. Tucker Company, Inc.
Listing Removed$82,500
Feb 23, 2014•$55/sqft•F.C. Tucker Company, Inc.
Price Change$82,500
Dec 12, 2013•$55/sqft•F.C. Tucker Company, Inc.
Price Change$83,000
Nov 28, 2013•$55/sqft•F.C. Tucker Company, Inc.
Price Change$83,500
Nov 14, 2013•$56/sqft•F.C. Tucker Company, Inc.
Price Change$84,000
Nov 1, 2013•$56/sqft•F.C. Tucker Company, Inc.
Price Change$84,500
Oct 23, 2013•$56/sqft•F.C. Tucker Company, Inc.
Price Change$85,000
Sep 12, 2013•$57/sqft•F.C. Tucker Company, Inc.
Listed For Sale$87,500
Aug 23, 2013•$58/sqft•F.C. Tucker Company, Inc.
Listing Removed$102,500
Jun 30, 2008•$68/sqft•RE/MAX of Indiana
Listed For Sale$102,500
Feb 25, 2008•$68/sqft•RE/MAX of Indiana
Sold$90,000
Dec 26, 2000•$60/sqft•MIBOR as distributed by MLS GRID
Tax history
16 years of records
YearTax paidAssessed value
Apr 9, 2024$1,626$137,600
Apr 9, 2023$1,581$143,500
Apr 9, 2022$1,031$135,500
Apr 9, 2021$855$102,300
Apr 9, 2020$726$92,800
Apr 9, 2019$704$88,900
Apr 9, 2018$606$86,800
Apr 9, 2017$867$83,000
Apr 9, 2016$838$96,400
Apr 9, 2014$827$94,500
Apr 9, 2013$792$93,000
Apr 9, 2012$792$92,800
Apr 9, 2011—$79,800
Apr 9, 2010$560$84,800
Apr 9, 2009$433$84,800
Apr 9, 2007—$89,900
Nearby homes
Neighborhood details
Local context around this listing
Indianapolis, IN • Marion County
Nearby cities
Beech GroveCumberlandIndianapolisLawrenceSouthportSpeedway
Nearby zip codes
4622246224
Similar homes
Based on information submitted to the MLS GRID as of 2026-04-09 03:42:46 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
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