Sheldon Barnes
For Sale — 3830 S Olney Street, Indianapolis, IN 462373830 S Olney Street
Indianapolis, Indiana 46237
Sherman Drive Park
4
Beds
4
Baths
3,078
Sq Ft
1953
Year Built
0.42
Acres
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ABOUT THIS HOME
Back on the market due to Buyer's financing! Much larger than it appears -- this home features a two story in-law apartment at the back with a separate entrance! A great income or multi-generational opportunity near the University of Indianapolis. Two detached garages handle four cars and/or additional storage/possible workshop. A large in-ground pool awaits this summer's heat! The main portion of the home features a heated sunroom floor, pellet stove fireplace in the living room, and large, open spaces for versatility. The in-law suite is at the back with entrances on both the main floor and upstairs via an exterior staircase.
Key things to know
- Two-story in-law suite with separate entrance
- In-ground pool
- Two detached garages with workshop potential
- Heated sunroom and pellet stove fireplace
- 4 bed / 4 bath in 3,078 sq ft
Monthly payment
Estimate · $299,900
$1,905/mo
≈ $1,596 principal & interest · $309 tax
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $59,980 on a loan of $239,920.
Price history
- Price reduced$319,900 → $299,900
Feb 5, 2026
- Listedat $319,900
Oct 22, 2025
Sherman Drive Park · activity
past 6 months
- Sold
- 4
- Median price
- $219,000
- Median DOM
- 17 days
Recent comparable sales
$422,500
4025 Towhees Drive
4bd · 4ba · 3,647 sqft
Sold May 2026
$286,000
5519 Shelbyville Road
4bd · 2ba · 2,856 sqft
Sold May 2026
$297,000
5724 Apple Branch Court
3bd · 3ba · 2,348 sqft
Sold May 2026
$377,000
4646 Crosby Buck Drive
5bd · 4ba · 3,301 sqft
Sold May 2026
$284,000
5773 Saint Simons Drive
3bd · 2ba · 2,820 sqft
Sold May 2026
Comparative value
5 comps in this range
This home is right at the median for similar nearby sales.
Want to know anything specific? Ask about updates, finishes, the basement, the yard — I read the listing's photos, MLS data, and remarks and cite what I find.
FEATURES & AMENITIES
Interior
Exterior
Climate
THE FACTS
Pricing trajectory, room-by-room layout, schools, and what's nearby.
Price history
$319,900Listed· Oct 22, 2025
$299,900Reduced
↓ $20,000 (6.3% off original)
160 days on market
Layout
Primary bath
Shower Stall Full
Schools
Perry Township Schools
High
Perry Meridian High School
Neighborhood
- Downtown Indianapolis4.8 mi
- Monon Trail (Carmel)17.1 mi
- IU Health North Hospital17.4 mi
- Carmel High School17.8 mi
- Carmel Central Park17.8 mi
- Fishers High School18.3 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
3,078 sq ft
Year Built
1953
Stories
Two
Subdivision
Sherman Drive Park
Bedrooms
4
Bathrooms
4 full
Garage
4 spaces
School District
Perry Township Schools