Sheldon Barnes
For Sale — 5034 Allisonville Road, Indianapolis, IN 462055034 Allisonville Road
Indianapolis, Indiana 46205
Heron Lake
3
Beds
2
Baths
1,700
Sq Ft
1965
Year Built
0.1
Acres
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Sheldon Barnes is a Carmel realtor and licensed real estate agent serving Indianapolis, Indiana and the rest of Hamilton County. Book a private tour of 5034 Allisonville Road in Heron Lake, ask any question about this home, or talk through what you should know about buying in Indianapolis.
ABOUT THIS HOME
Updated condo at Heron Lake! As one of the largest units, this 3 bed 2 full bath is move in ready. Entering in, feel the open flow with plenty of natural light from all NEW windows. Fresh paint throughout and new carpet. The primary bedroom is extended with a sitting room that can be used as a sunroom, a plant room, office, or any idea for additional finished space. Also featuring an attached full bath and plenty of closet space. Another full bath and 2 other large bedrooms. The galley kitchen is ideal creating a central walkway and a breakfast bar. Also featuring a 2 car garage for your vehicle or extra storage space. Best location, minutes from Broad Ripple, Castleton, State Fairgrounds, Ft. Harrison, 465 & 70. Spend the warmer nights along the peaceful water.
Key things to know
- Primary suite with sitting room/sunroom potential
- Radiant floor heating
- New windows and fresh paint throughout
- 2-car garage
- Waterfront location at Heron Lake
Browse by room
13 rooms · 39 photos
Monthly payment
Estimate · $137,900
$1,279/mo
≈ $734 principal & interest · $99 tax · $446 HOA
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $27,580 on a loan of $110,320.
Price history
- Price reduced$139,900 → $137,900
Apr 13, 2026
- Listedat $139,900
Feb 27, 2026
Heron Lake · activity
past 6 months
- Sold
- 2
- Median price
- $144,500
- Median DOM
- 125 days
Recent comparable sales
$180,000
2436 Guilford Avenue
3bd · 1ba · 1,920 sqft
Sold May 2026
$360,000
4822 Broadway Street
2bd · 1ba · 1,463 sqft
Sold May 2026
$133,000
4362 Evanston Avenue
3bd · 1ba · 1,193 sqft
Sold Apr 2026
$325,000
2450 Peoples Drive
3bd · 3ba · 1,526 sqft
Sold May 2026
$261,500
4549 Primrose Avenue
4bd · 2ba · 1,893 sqft
Sold May 2026
Comparative value
5 comps in this range
This home is 47% 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
Climate
THE FACTS
Pricing trajectory, room-by-room layout, schools, and what's nearby.
Price history
$139,900Listed· Feb 27, 2026
$137,900Reduced
↓ $2,000 (1.4% off original)
63 days on market
Layout
Primary suite
Sitting Room
Primary bath
Tub Full with Shower
Schools
MSD Wayne Township
Neighborhood
- Downtown Indianapolis5.9 mi
- Monon Trail (Carmel)7.8 mi
- IU Health North Hospital8.3 mi
- Carmel High School8.4 mi
- Carmel Central Park8.6 mi
- Carmel Arts & Design District9.1 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
1,700 sq ft
Year Built
1965
Stories
One
Subdivision
Heron Lake
Bedrooms
3
Bathrooms
2 full
Garage
2 spaces
School District
MSD Wayne Township