5638 Gray Rd, Indianapolis, IN 46237
Property image
Property image
FOR SALE
0.5 ACRES

$355,000

  • 3 Beds
  • 3 Baths
  • 2,600 sqft (on 0.50 acres)

5638 Gray Rd, Indianapolis, IN 46237

South Emerson
Est. Mortgage $2,195/mo*
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Home Highlights

Property Type
Single-Family Home
Year Built
1967
Lot Size
0.5 acres
Price/Sqft
$137
Parking
2 Car Garage

Local Information

  • Map ViewExplore the area around 5638 Gray Rd.
  • Schools3 Elementary Schools2 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

Mid-Century Modern Charm Meets Exceptional Outdoor Living! This unique ranch-style home is filled with character, and thoughtful spaces you won't find in every home. Featuring 3 bedrooms, plus a 4th bedroom that has been repurposed into a spacious walk-in closet, there is plenty of room to live, work, and entertain. The inviting interior offers ample living space, an eat-in kitchen, and an abundance of natural light throughout. But the true highlight is the expansive backyard-an outdoor retreat designed for enjoying the seasons. Relax or entertain on the all wood deck, take a dip in the pool, or gather around the fire pit. For extra outdoor storage, make use of the convenient extra large boat/RV covering. With its distinctive mid-century modern appeal, generous living spaces, and fantastic outdoor amenities, this home offers a wonderful blend of personality, functionality, and fun. A rare opportunity to own a home that is truly one-of-a-kind!
Last check for updates: about 2 hours ago
Listing Provided by: Susan Johnson, (317) 771-6730
Carpenter, REALTORS®
Source: MIBOR as distributed by MLS GRID, MLS#22122613
Also Listed on MIBOR as distributed by MLS GRID.

Home Details for 5638 Gray Rd

Active Status

MLS Status: Active

Interior Features

Interior Details
Number of Rooms: 9Types of Rooms: Bedroom 2, Bedroom 3, Bonus Room, Dining Room, Family Room, Guest Room, Kitchen, Living Room
Beds & Baths
Number of Bedrooms: 3Main Level Bedrooms: 3Number of Bathrooms: 3Number of Bathrooms (full): 3Number of Bathrooms (main level): 3
Dimensions and Layout
Living Area: 2600 Square Feet
Appliances & Utilities
Utilities: Electricity Connected, Sewer ConnectedAppliances: Common Laundry, Gas Cooktop, ENERGY STAR Qualified Water Heater, Electric Water Heater, ENERGY STAR Qualified Appliances, Disposal, Gas Water Heater, Humidifier, Exhaust Fan, Microwave, Gas Oven, Refrigerator, Water Purifier, Water Softener OwnedDisposalLaundry: In Unit,Common AreaMicrowaveRefrigerator
Heating & Cooling
Heating: Natural GasHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Natural Gas
Fireplace & Spa
Number of Fireplaces: 1Fireplace: Family RoomHas a Fireplace
Gas & Electric
Electric: 200+ Amp Service, Circuit BreakersHas Electric on Property
Windows, Doors, Floors & Walls
Window: Wood Work Stained
Levels, Entrance, & Accessibility
Stories: 1Levels: One

Exterior Features

Exterior Home Features
Patio / Porch: Covered, Deck, PatioExterior: Fire PitFoundation: Block
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2Other Parking: Garage Parking Other(Finished Garage, Garage Door Opener)No CarportHas a GarageHas an Attached GarageParking Spaces: 2Parking: Attached,Asphalt,Garage Door Opener
Pool
Pool: Above Ground
Farm & Range
Horse Amenities: None

Days on Market

Cumulative Days on Market: 3Days on Market: 6

Property Information

Year Built
Year Built: 1967
Property Type / Style
Property Type: ResidentialProperty Subtype: Residential, Single Family ResidenceArchitecture: Ranch
Building
Construction Materials: Brick, Wood Siding, Vinyl SidingNot a New ConstructionNot Attached PropertyNo Additional Parcels
Property Information
Parcel Number: 491504125004000500

Price & Status

Price
List Price: $355,000Price Per Sqft: $137
Status Change & Dates
Possession Timing: Close Of Escrow

Location

Direction & Address
City: IndianapolisCommunity: No Subdivision
School Information
High School District: Perry Township Schools

Agent Information

Listing Agent
Listing ID: 22122613

Building

Building Area
Building Area: 2600 Square Feet

HOA

No HOA

Lot Information

Lot Area: 0.50 acres

Miscellaneous

Mls Number: 22122613Attic: Access Only, Pull Down Stairs

Around this home

Neighborhood Overview

South Emerson
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about South Emerson

At least 85 Trulia users voted on each feature.

  • 91 % Say car is needed

  • 85 % Say parking is easy

  • 84 % Say kids play outside

  • 82 % Say it's dog friendly

  • 74 % Say yards are well-kept

  • 69 % Say there are sidewalks

  • 68 % Say there's holiday spirit

  • 62 % Say it's quiet

  • 50 % Say neighbors are friendly

  • 50 % Say people would walk alone at night

  • 45 % Say it's walkable to grocery stores

  • 42 % Say there's wildlife

  • 35 % Say it's walkable to restaurants

  • 33 % Say streets are well-lit

  • 33 % Say they plan to stay for at least 5 years

  • 18 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "there is great yard space to run and play and also tons of parks to take them for walks. "
    0
    Flag
  • Trulia User
    "Not a lot of strays. Lots of friendly dogs. Low speed limits. Most of the houses have big yards. Lots of neighborhoods to walk. "
    0
    Flag
  • Trulia User
    "I’ve lived in this beautiful neighborhood for 25 years, raised our sons here. Neighbors are friendly & keep an eye out for one another. Rarely do these homes go up for sale, so there isn’t much turnover. "
    6
    Flag
  • Lalcautergomez
    "Dogs are welcome, most of the neighborhood has dogs and people walks them all the time, and most if not all pick after them "
    1
    Flag
  • Hermelindo P.
    "There is safe to live in here and people are very friendly, so far is nice and calm, no problems with the neighborhood "
    3
    Flag
  • A
    "Some crime; petty theft/ break ins... weird people knock on your door sometimes. BUT management is really nice and the maintenance team is quick and efficient. "
    4
    Flag
  • Scissorhands_888
    "Small neighborhood with two streets to enter or exit. Low incidence of crime. Neighbors watch out for each other and communicate regularly."
    37
    Flag
  • Meddie D.
    "You see dog owners walking their dogs all the time and consistently looking out for each other's pets."
    2
    Flag
  • Dedra B.
    "great..good.. well festive... nice... non violent.. friendly... nice schools.... lots of restaurants.."
    2
    Flag
  • V
    "Schools in this area lack diversity. There are a few nice restaurants and lots of medical offices conveniently located."
    1
    Flag
  • Meddie D.
    "My neighborhood needs greater access to public transportation and better lighting for the streets. The traffic lights would do better with better synchronization."
    3
    Flag
  • Jahadley317
    "This is a great, quiet little area with good schools and easy access to downtown. It is a great place to start a family. Franklin township schools are the best in the city."
    1
    Flag
  • Donna S.
    "I am in a CDI Home Retirement Community. There are very good places to walk without having to get on busy roads. Convenient shopping and eating areas near Southport and also Beech Grove."
    2
    Flag

Market trends in South Emerson

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$242K
Sale-to-List Price
99.9%
Price per sq ft
$155
Available listings
68
4MoM

Home Value

Trulia Estimate
$349K
Since last month
Decreased$43K (-11%)
Since last year
Increased$16K (+4.7%)
Since last sale
Increased$239K (+217.3%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +104% in the last 10 years
MonthEstimated value
2026
September 2026$349K
August 2026$355K
July 2026$392K
June 2026$336K
May 2026$332K
April 2026$331K
March 2026$331K
February 2026$326K
January 2026$325K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
3902 Jekyll Ct, Indianapolis, IN
0.18
Single-Family Home
$310,000
12/31/25
3
2.5
2,571
5516 Cherry Birch Dr, Indianapolis, IN
0.17
Single-Family Home
$285,000
06/30/26
3
2.5
1,865
4430 Dudley North Dr, Indianapolis, IN
0.27
Single-Family Home
$200,000
07/31/26
3
1.5
2,112
4429 Dudley North Dr, Indianapolis, IN
0.28
Single-Family Home
$135,000
08/05/26
3
1
2,286
4311 Stone Mill Dr, Indianapolis, IN
0.23
Single-Family Home
$228,000
10/20/25
4
3
1,848
4109 E Epler Ave, Indianapolis, IN
0.17
Single-Family Home
$263,000
10/14/25
3
2
1,494
5555 Cherry Field Dr, Indianapolis, IN
0.22
Single-Family Home
$285,000
06/26/26
3
2.5
1,636
5773 Saint Simons Dr, Indianapolis, IN
0.14
Single-Family Home
$284,000
05/01/26
3
2
2,820
3944 Cherry Blossom Blvd, Indianapolis, IN
0.18
Single-Family Home
$280,000
09/12/25
3
2.5
1,879
5519 Black Cherry Cir, Indianapolis, IN
0.12
Single-Family Home
$252,000
06/04/26
3
2
1,518

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
5720 Gray Rd, Indianapolis, IN 46237
0.09
$286,800
3
2
1,504
Off Market
5524 Cherry Blossom Ct, Indianapolis, IN 46237
0.09
$316,400
4
2.5
1,999
Off Market
5733 Blackstone Ave, Indianapolis, IN 46237
0.10
$286,800
3
2
1,450
Off Market
3938 Bing Ct, Indianapolis, IN 46237
0.10
$275,300
3
2
1,498
Off Market
3930 Bing Ct, Indianapolis, IN 46237
0.11
$304,600
3
2
2,796
Off Market
3921 Bing Ct, Indianapolis, IN 46237
0.11
$255,200
3
2
1,266
Off Market
5519 Black Cherry Cir, Indianapolis, IN 46237
0.12
$252,000
3
2
1,518
Recently Sold
4220 Dudley South Dr, Indianapolis, IN 46237
0.14
$244,200
3
1.5
1,375
Off Market
5623 Cherry Birch Dr, Indianapolis, IN 46237
0.12
$334,900
4
2
2,113
Recently Sold
5773 Saint Simons Dr, Indianapolis, IN 46237
0.14
$284,000
3
2
2,820
Recently Sold
4212 Stone Mill Dr, Indianapolis, IN 46237
0.17
$280,000
5
3
1,897
Off Market

Price and Tax history

DateEventPrice
Aug 28, 2026
Source: MIBOR as distributed by MLS GRID #22122613
Listed For Sale
$355,000
Aug 24, 2026
Source: MIBOR as distributed by MLS GRID #22116419
ListingRemoved
$365,000
Aug 12, 2026
Source: MIBOR as distributed by MLS GRID #22116419
PriceChange
$365,000
Price decreased by 2%
Aug 5, 2026
Source: MIBOR as distributed by MLS GRID #22116419
PriceChange
$372,978
Price decreased by 0%
Jul 31, 2026
Source: MIBOR as distributed by MLS GRID #22116419
PriceChange
$372,988
Price decreased by 5%

LGBTQ Local Legal Protections

Susan Johnson, Carpenter, REALTORS®
Agent Phone: (317) 771-6730
Based on information submitted to the MLS GRID as of 2026-09-03 13:03:16 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

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Frequently asked questions about 5638 Gray Rd

  • What is the estimated monthly payment for 5638 Gray Rd?
    Based on a $355,000 list price with 20% down at today's rates, the estimated monthly payment for 5638 Gray Rd in Indianapolis, IN is approximately $2,236 (about $1,877 principal & interest, $284 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • How does the list price for 5638 Gray Rd compare to homes in Indianapolis?
    5638 Gray Rd in Indianapolis, IN is listed at $355,000, about 47% above the $242K median sale price in Indianapolis.
  • What do residents say about the South Emerson neighborhood?
    Residents describe the South Emerson neighborhood in Indianapolis, IN as easy to park in, dog-friendly, and well-kept. Most residents say you need a car. See homes for sale in South Emerson, Indianapolis.
  • What are the closest schools to 5638 Gray Rd?
    The closest schools to 5638 Gray Rd in Indianapolis, IN are Jeremiah Gray Kindergarten (Elementary), Jeremiah Gray-Edison Elementary School (rated 4/10), Southport 6th Grade Academy (Elementary/Middle, rated 4/10).
  • Does 5638 Gray Rd have air conditioning?
    Yes, 5638 Gray Rd in Indianapolis, IN has air conditioning.
  • Does 5638 Gray Rd have a pool?
    Yes, 5638 Gray Rd in Indianapolis, IN has a pool.
5638 Gray Rd, Indianapolis, IN 46237 is a 3 bedroom, 3 bathroom, 2,600 sqft single-family home built in 1967. 5638 Gray Rd is located in South Emerson, Indianapolis. This property is currently available for sale and was listed by MIBOR as distributed by MLS GRID on Aug 28, 2026. The MLS # for this home is MLS# 22122613.