Sheldon Barnes
For Sale — 4315 E 42nd Street E, Indianapolis, IN 462264315 E 42nd Street E
Indianapolis, Indiana 46226
Devon Lea
6
Beds
5
Baths
3,602
Sq Ft
1955
Year Built
0.46
Acres
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ABOUT THIS HOME
A rare find in Indy! Completely renovated 4bdrm -3.5 full bath (3 full & 1/2 bath) Ranch home on almost 1/2 acre w/ a 1200 sq ft Carriage House that has 2 bdrms, Kitchen, Family room + 1 car garage. Imagine the possibilities of the Carriage House... Rental income or a Mother in Law suite, its a win, win situation! The main house is totally renovated with beautiful finishes throughout the home including stunning Fireplace in Living Room, Custom Kitchen w/ White Cabinets, breakfast bar, top of the line appliances, a spacious Sunroom and don't forget the Primary suite w/ a gorgeous bath. The Carriage house is tucked back behind the house. The circular driveway provides a separate entrance. It has a great floorplan w/ 2 spacious bdrms, Kitchen - family room area + a 1 car garage. Just a perfect floorplan for a rental or visiting family! Top of the line finishes in your home, wonderful setting w/ expansive yard plus Rental income (help pay your mortgage) it's just perfect! Great location too, close to shopping & schools.
Key things to know
- Carriage house with 2 bedrooms and 1-car garage
- Primary suite with renovated bath
- Custom kitchen with white cabinets and top-of-line appliances
- Fireplace in living room
- Circular driveway with separate carriage house entrance
Monthly payment
Estimate · $399,000
$2,320/mo
≈ $2,124 principal & interest · $196 tax
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $79,800 on a loan of $319,200.
Price history
- Price reduced$414,000 → $399,000
May 8, 2026
- Listedat $420,000
Mar 16, 2026
Recent comparable sales
$355,000
5319 Brendonridge Road
5bd · 4ba · 3,468 sqft
Sold Apr 2026
$415,000
5329 Hedgerow Drive
5bd · 4ba · 3,000 sqft
Sold Jan 2026
$385,000
5504 Hawthorne Drive
5bd · 4ba · 3,601 sqft
Sold Dec 2025
$465,000
5850 E 54th Place
5bd · 4ba · 4,376 sqft
Sold Aug 2025
$877,500
6220 E 56th Street
5bd · 4ba · 4,434 sqft
Sold Jul 2025
Comparative value
5 comps in this range
This home is 3.9% below 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
$420,000Listed· Mar 16, 2026
$399,000Reduced
↓ $21,000 (5.0% off original)
34 days on market
Layout
Primary suite
Closet Walk in
Primary bath
Suite,Tub Full with Shower
Schools
Indianapolis Public Schools
Neighborhood
- Downtown Indianapolis5.6 mi
- Monon Trail (Carmel)8.8 mi
- IU Health North Hospital9.0 mi
- Carmel High School9.5 mi
- Carmel Central Park9.8 mi
- Carmel Arts & Design District10.1 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
3,602 sq ft
Year Built
1955
Stories
One
Subdivision
Devon Lea
Bedrooms
6
Bathrooms
4 full, 1 half
Garage
3 spaces
School District
Indianapolis Public Schools