5725 Gray Rd, Indianapolis, IN 46237
Property image
Property image
OFF MARKET

$240,800

Trulia Estimate
  • 3 Beds
  • 1 Bath
  • 1,437 sqft (on 1.40 acres)

5725 Gray Rd, Indianapolis, IN 46237

South Emerson
Est. Refi. Payment $1,565/mo*
Refinance Your Home
Currently Off Market - Sold Jul 15, 2022 for $212,000

Home Value

Trulia Estimate
$241K
Since last month
Decreased$3K (-1.4%)
Since last year
Decreased$5K (-1.9%)
Since last sale
Increased$27K (+12.9%)
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 +107% in the last 10 years
MonthEstimated value
2026
September 2026$239K
August 2026$243K
July 2026$245K
June 2026$245K
May 2026$245K
April 2026$245K
March 2026$241K
February 2026$242K
January 2026$235K
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
4314 Dudley North Dr, Indianapolis, IN
0.23
Single-Family Home
$217,000
11/10/25
3
1
1,403
4555 Blackstone Dr, Indianapolis, IN
0.30
Single-Family Home
$245,000
05/12/26
3
1
1,084
4025 Maple Manor Dr, Indianapolis, IN
0.20
Single-Family Home
$265,000
09/09/26
3
2
1,524
4407 Stone Mill Dr, Indianapolis, IN
0.16
Single-Family Home
$250,000
03/02/26
3
2
1,772
4429 Dudley North Dr, Indianapolis, IN
0.26
Single-Family Home
$135,000
08/05/26
3
1
2,286
3535 Parrish Ct, Indianapolis, IN
0.50
Single-Family Home
$202,900
09/30/25
3
1
1,385
4109 E Epler Ave, Indianapolis, IN
0.26
Single-Family Home
$263,000
10/14/25
3
2
1,494
4330 N Dudley North Dr, Indianapolis, IN
0.24
Single-Family Home
$236,500
06/05/26
4
1.5
1,500
5519 Black Cherry Cir, Indianapolis, IN
0.24
Single-Family Home
$252,000
06/04/26
3
2
1,518
4430 Dudley North Dr, Indianapolis, IN
0.28
Single-Family Home
$200,000
07/31/26
3
1.5
2,112

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
0.08
$284,900
3
2
1,504
Off Market
4212 Stone Mill Dr, Indianapolis, IN 46237
0.04
$277,900
5
3
1,897
Off Market
5638 Gray Rd, Indianapolis, IN 46237
0.12
$349,900
3
3
2,600
For Sale
4221 Stone Mill Dr, Indianapolis, IN 46237
0.08
$259,100
4
2.5
1,666
Off Market
5733 Blackstone Ave, Indianapolis, IN 46237
0.13
$283,500
3
2
1,450
Off Market
5773 Saint Simons Dr, Indianapolis, IN 46237
0.13
$284,000
3
2
2,820
Recently Sold
4311 Stone Mill Dr, Indianapolis, IN 46237
0.11
$228,700
4
3
1,848
Off Market
4220 Dudley South Dr, Indianapolis, IN 46237
0.16
$244,400
3
1.5
1,375
Off Market
4343 E Dudley South Dr, Indianapolis, IN 46237
0.15
$212,300
3
2
1,247
Off Market
4306 E Brunswick Ave, Indianapolis, IN 46237
0.13
$246,400
3
1.5
1,512
Off Market
4435 Blackstone Dr, Indianapolis, IN 46237
0.15
$199,500
2
1
2,204
Off Market
4336 S Dudley South Dr, Indianapolis, IN 46237
0.18
$242,700
3
1.5
2,412
Off Market

Local Information

  • Map ViewExplore the area around 5725 Gray Rd.
  • Schools3 Elementary Schools2 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1945
1.4 acre lot
1,437 sqft
$168/sqft
Garage

About this House

What's unique:Wrap-around deck
Where you gonna find this?!! +/- 1.4 acres with a nice ranch home. Features large kitchen with appliances, separate laundry room and 3 bedrooms. Gorgeous hardwoods throughout. Outside is like a park, above ground pool with deck. Then a huge back yard. There is a place to park your RV. What more could you ask for in Perry Township?
5725 Gray Rd, Indianapolis, IN 46237 is a 3 bedroom, 1 bathroom, 1,437 sqft single-family home in South Emerson, built in 1945. It last sold for $212,000 on Jul 15, 2022. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $240,800, with a rent estimate of $1,625/month.

Home Details for 5725 Gray Rd

Interior Features

Interior Details
BasementNumber of Rooms: 5
Heating & Cooling
Heating: ElectricAir ConditioningCooling System: CentralHeating Fuel: Electric
Levels, Entrance, & Accessibility
Stories: 1
Appliances & Utilities
DishwasherDryerRefrigerator

Exterior Features

Exterior Home Features
Roof: AsphaltDeckFoundation Type: Crawl RaisedPorch
Pool
Pool
Parking & Garage
GarageParking: Garage Attached

Property Information

Year Built
Year Built: 1945Year Updated: 1945
Property Type / Style
Property Type: Single Family Home

Community

Units in Building: 1

Lot Information

Lot Area: 1.40 acres

Price and Tax history

DateEventPrice
Jul 15, 2022
Source: MIBOR as distributed by MLS GRID #21851589
Sold
$212,000
May 24, 2022
Source: MIBOR as distributed by MLS GRID #21851589
Pending
$212,000
May 20, 2022
Source: MIBOR as distributed by MLS GRID #21851589
PriceChange
$200,000
Price decreased by 9%
May 13, 2022
Source: MIBOR as distributed by MLS GRID #21851589
PriceChange
$220,000
Price decreased by 4%
May 8, 2022
Source: MIBOR as distributed by MLS GRID #21851589
PriceChange
$230,000
Price decreased by 4%

Market trends in Indianapolis

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$257K
$6.7KMoM
Sale-to-List Price
99.7%
0.1%MoM
Price per sq ft
$145
$1MoM
Available listings
4241
187MoM

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

LGBTQ Local Legal Protections

Frequently asked questions about 5725 Gray Rd

  • What is 5725 Gray Rd estimated to be worth?
    Trulia's estimated value for 5725 Gray Rd in Indianapolis, IN is $240,800.
  • What is the price history for 5725 Gray Rd?
    5725 Gray Rd in Indianapolis, IN last sold for $212,000 in July 2022.
  • Is Indianapolis a buyer's or seller's market?
    Indianapolis is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in Indianapolis?
    The median sale price in Indianapolis is $257K. That is up $6.7K from the prior month.
  • Does 5725 Gray Rd have air conditioning?
    Yes, 5725 Gray Rd in Indianapolis, IN has air conditioning.
  • Does 5725 Gray Rd have a pool?
    Yes, 5725 Gray Rd in Indianapolis, IN has a pool.

Explore by feature - Pet Friendly

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Apartments for Rent

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Off Market Homes Near 5725 Gray Rd

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