4127 N Sherman Drive

Indianapolis, IN
$ 359,900 Beds 4 Baths 4.5 Sq 3,372 Virtual Tour
Monthly Estimate* How much can I afford?

BIG PRICE ADJUSTMENT! Life happens and this seller is ready to move on! The new price point of $359,900 reflects seller timeline. From the roof to the basement floor, this 1948 home was remodeled in 2024.Numerous updates under the current owner - brand new sewer line, waterproof floors top to bottom, hot water heater, backyard gate - over $40,000 in improvements on top of the 2024 remodel.The heart of this home is its open-plan kitchen, seamlessly integrating with the living room and dining area. Culinary enthusiasts will appreciate the stainless steel appliances and the expansive island, making meal preparation and entertaining a delight. With four spacious bedrooms, including a primary on the main floor, each with its own bathroom, this residence provides ample space and privacy for all. A fully finished basement offers the perfect spot for watching your favorite game or movie, while the private fully fenced yard creates an ideal setting for outdoor enjoyment and tranquil moments. A dedicated laundry room further enhances the home's functional appeal.You will find the GEO Next Generation Academy and Tindley Academy and Tindley Accelerated School nearly across the street, Devon Country Club 3 minutes away, and just a stones throw from everything the northeastside of Indy has to offer. This property offers an unparalleled blend of comfort, style, luxury, and stress free living, inviting you to envision your future here.

Active

  • Price
  • $ 359,900
  • City
  • Indianapolis
  • Bedrooms
  • 4
  • Full Bathrooms
  • 4
  • County
  • MARION
  • Half Bathrooms
  • 1
  • Area
  • Washington
  • Lot Size
  • 0.5 Acres
  • Zip
  • 46226
  • Sqr Footage
  • 3,372
  • Year Built
  • 1948
  • Taxes
  • $ 4644
  • Style
  • Traditional
  • MLS#
  • 22112486
Listed By: Amy Barbar with F.C. Tucker Company;
Data Source: MIBOR Broker Listing Cooperative

Features

General

Heating Natural Gas
Cooling Central Air
Utilities Natural Gas Connected,Sewer Connected,Water Connected
Possession Closing
Appliances Gas Cooktop,Dishwasher,Dryer,Exhaust Fan,Microwave,Oven,Convection Oven,Gas Oven,Refrigerator,Washer,Water Heater,Wine Cooler
Garage Spaces 2
Patio/Porch Features Porch
Architectural Style Traditional
Security Features Security System Owned
Construction Materials Brick
Year Built 1948
Township Washington
Levels Two
Property Subtype Single Family Residence
Tax Year 2025
County Marion
New Construction No
Property Type Residential
HOA No
Subdivision Name Forest Manor
Facing Direction West
Garage Y/N Yes
Total Rooms 10
Full Baths 4
Status Active
Directions GPS Friendly
High School Shortridge High School
City Indianapolis
High School District Indianapolis Public Schools
MLS Area 4903 - Marion - Washington
Lot Size Square Feet 21693
Elementary School Floro Torrence School 83
Property Attached Y/N No
Current Financing Conventional,FHA,VA
Middle/Junior High School Arlington Community Middle School
Property Condition Updated/Remodeled
Additional Parcels Y/N No
Standard Status Active
Tax Lot 7
Legal Description Sherman Manor L7

Interior Features

Interior Amenities Attic Access,Bath Sinks Double Main,Vaulted Ceiling(s),Kitchen Island,Paddle Fan,Eat-in Kitchen,Smart Thermostat,Walk-In Closet(s)
Basement Egress Window(s),Finished,Finished Ceiling,Finished Walls,Full,Storage Space
Total Fireplaces 1
Fireplace Features Electric
Basement (Y/N) Yes
Half Baths 1
Laundry Features Laundry Room,In Basement
Total Bedrooms 4
Below Grade Finished Area 1268
Main Level Bedrooms 2
LivingAreaSource Assessor
Total Baths 5

Exterior Features

Fencing Full,Privacy
Parking Features Detached
Water Source Public
Foundation Details Block
Spa No
Building Area Total 3372
Lot Size Acres 0.5
Waterfront Y/N No
Other Equipment Sump Pump
Horse Amenities None

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Greenwood, IN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Floro Torrence School 83 Elementary School
Middle School Arlington Community Middle School
High School Shortridge High School

Price History

8/3/2026 Listed $475,000
8/22/2026 3% - $465,000
9/4/2026 14% - $399,900
9/16/2026 2% - $395,900
9/24/2026 10% - $359,900

Property vs Zip Code Average in 46226

Price
AVG $210K
$360K
Taxes
AVG $2,518
$4,644
Year Built
AVG 1960
1948
Visits
AVG 87
46
Data Provided by Inside Real Estate®

4127 N Sherman Drive Indianapolis, IN is a Single Family Home for sale at $359900 with 3372 sqft and a lot size of 0.5 Acres Acre(s). 4127 N Sherman Drive Indianapolis has 4 bedrooms, 4 baths and was built in 1948. The property's zip code is 46226 which is in Indianapolis, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.