Sheldon Barnes
For Sale — 5040 Allisonville Road, Indianapolis, IN 462055040 Allisonville Road
Indianapolis, Indiana 46205
Heron Lake
2
Beds
2
Baths
1,347
Sq Ft
1965
Year Built
0.08
Acres
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ABOUT THIS HOME
PRICE REDUCED! This condominium offers an inviting home that is ready to move in. The allure of this property is magnified by its water aspect, where the gentle reflections dance and shimmer, creating a serene backdrop to daily life. Imagine the calming effect of this vista, providing a tranquil escape from the hustle and bustle. With a lot area of 3306 square feet, this condominium, constructed in 1965, presents a unique opportunity to own a piece of Indianapolis history. This condominium offers an opportunity to embrace a lifestyle of comfort and convenience. Priced to sell with all hardwood flooring in all rooms. Beautiful lake view from living room and outdoor balcony. Priced to sell!
Key things to know
- Lake views from living room and balcony
- Hardwood floors throughout
- Move-in ready
- 2 bed/2 bath
Browse by room
7 rooms · 12 photos
Monthly payment
Estimate · $124,900
$1,215/mo
≈ $665 principal & interest · $210 tax · $340 HOA
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $24,980 on a loan of $99,920.
Price history
- Price reduced$130,000 → $124,900
Feb 3, 2026
- Listedat $130,000
Dec 2, 2025
Heron Lake · activity
past 6 months
- Sold
- 2
- Median price
- $144,500
- Median DOM
- 125 days
Recent comparable sales
$215,000
4827 Brouse Avenue
2bd · 1ba · 1,075 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
$265,000
4322 Carrollton Avenue
2bd · 1ba · 1,104 sqft
Sold May 2026
Comparative value
5 comps in this range
This home is 53% 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
$130,000Listed· Dec 2, 2025
$124,900Reduced
↓ $5,100 (3.9% off original)
64 days on market
Layout
Primary suite
Balcony
Primary bath
Shower Stall Full
Schools
MSD Washington Township
Neighborhood
- Downtown Indianapolis5.9 mi
- Monon Trail (Carmel)7.7 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
1,347 sq ft
Year Built
1965
Stories
One
Subdivision
Heron Lake
Bedrooms
2
Bathrooms
2 full
School District
MSD Washington Township