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Sheldon Barnes, Carmel Realtor

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Sheldon Barnes can help you list 401 W 3rd St

Sheldon Barnes is a Carmel realtor and licensed real estate agent serving Sheridan, Indiana and the rest of Hamilton County. Whether you're ready to sell 401 W 3rd St or just curious what your home is worth in today's Sheridan market, he can put together a no-pressure valuation.

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ABOUT THIS HOME

Unique Real Estate Opportunity with Two Single-Family Dwellings on One Parcel! Welcome to a rare and versatile property offering two detached single-family homes on one parcel of land, presenting endless possibilities for homeowners and investors alike. The primary residence is a spacious 3-bedroom, 2-bath home filled with character and charm. Inside, you'll find beautiful original hardwood floors, generous living spaces, and the convenience of one bedroom located on the main level. Step outside to a large, private backyard, perfect for hosting gatherings, relaxing outdoors, or simply enjoying the surrounding natural beauty. Just steps away, the second detached dwelling offers incredible flexibility. This 1-bedroom, 1-bath home features an upper loft that can easily be used as an additional bedroom, home office, library, or entertainment space. Ideal as a guest house, in-law suite, or private retreat, it remains close enough for convenience while still offering independence. For investors, this property shines. With separate entrances and detached layouts, both homes can be utilized as income-producing units. Whether you're looking to rent both dwellings, explore short-term rental opportunities, or live in one while renting or Airbnb-ing the other, this setup offers an excellent path to owner-occupied investing. The possibilities are truly endless-a unique property that combines flexibility, charm, and income potential all in one. Schedule your showing today as this property won't last long!

Listed by James Gilday· eXp Realty, LLC· MLS# 22082217
SoldSold in 7 days

$199,900

$225,000

3Beds
2Baths
1,716Sq Ft

Unique Real Estate Opportunity with Two Single-Family Dwellings on One Parcel! Welcome to a rare and versatile property offering two detached single-family homes on one parcel of land, presenting endless possibilities for homeowners and investors alike. The primary residence is a spacious 3-bedr...

Listed by James Gilday· eXp Realty, LLC· MLS# MBR22082217

2,800

Sq Ft

1900

Year Built

0.5

Acres

Off Market

Status

$86,800

Assessed Value

3

Bedrooms

Key things to know

  • Sold 27% below list in 7 days

Sold

$165,000

-$60,000 below list (-26.7%)

Closed
Feb 20, 2026
Listed at
$225,000
Sold
3 months ago
Sold in
7 days

Price history

  1. Sold$165,000

    Feb 20, 2026

  2. Price reduced$225,000 → $199,900

    Feb 6, 2026

  3. Listedat $225,000

    Jan 31, 2026

Comparative value

5 comps in this range

This home is 50% below median for similar nearby sales.

$260K$2.1MMedian $329K
$165K

Estimated values and comparable-sales ranges shown here are for informational purposes only. They are derived from public records and recent MLS sales, are not an appraisal or formal Comparative Market Analysis (CMA), and should not be used as the sole basis for any pricing, purchase, sale, or financing decision. For an accurate market value of a specific property, contact Sheldon Barnes for a personalized CMA.

Sheldon Barnes

Sheldon Barnes

Real Estate Agent · Carmel Realty LLC

License No. RB21000235

FEATURES & AMENITIES

Interior

Walk-In Closet(s)Ceiling Vaulted

Exterior

Other

Climate

Heat: Forced AirHeat: Natural GasHeat: BaseboardCool: Other

THE FACTS

Pricing trajectory, room-by-room layout, schools, and what's nearby.

Price history

  • $225,000Listed· Jan 31, 2026

  • $199,900Reduced

    $25,100 (11.2% off original)

7 days on market

Layout

Main
115 rooms1,200 sq ft
Upper
21516 sq ft

Primary suite

See Remarks

Schools

Sheridan Community Schools

  • Elementary

    Sheridan Elementary School

  • Middle

    Sheridan Middle School

  • High

    Sheridan High School

Neighborhood

  • Westfield High School8.3 mi
  • Clay Terrace11.1 mi
  • Zionsville Community HS12.1 mi
  • Carmel Central Park12.3 mi
  • Carmel Arts & Design District12.3 mi
  • Carmel High School12.9 mi

OFF-MARKET PROPERTY DETAILS

Living Area

2,800 sq ft

Year Built

1900

Stories

One and One HalfOne

Lot Size

0.5 acres

Subdivision

No Subdivision

Bedrooms

3

Bathrooms

2 full

School District

Sheridan Community Schools

TAX ASSESSMENT

Hamilton County assessed values for current year

Total Assessed Value

$86,800

Land Value

$37,500

Land$37,500

43% of total

Improvement Value

$49,300

Improvements$49,300

57% of total

Annual tax · 2024
$1,098

PARCEL & LEGAL

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