Sheldon Barnes
For Sale — 506 Lawrence Avenue, Indianapolis, IN 46227506 Lawrence Avenue
Indianapolis, Indiana 46227
Homedell
$238,900
Schedule a Showing3
Beds
2
Baths
1,267
Sq Ft
1954
Year Built
0.26
Acres
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Sheldon Barnes can help you tour 506 Lawrence Avenue
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 506 Lawrence Avenue in Homedell, ask any question about this home, or talk through what you should know about buying in Indianapolis.
ABOUT THIS HOME
Terrific all limestone ranch with three bedrooms, one and a half bath, full basement, attached two car garage, big side yard with access door from house, covered front porch....and for under $260,000!!! Amazing value and quality. Undated electrical panel, good storage, sump pump in basement, almost new HVAC (either 2023/2024), wood burning fireplaces in living room on main and in basement recreation room! Lots to appreciate for either a starter home or an investment property. Easy to show!
Key things to know
- Limestone construction
- Full basement with recreation room
- Two wood-burning fireplaces
- Nearly new HVAC (2023/2024)
- Attached 2-car garage and big side yard
Monthly payment
Estimate · $238,900
$1,678/mo
≈ $1,272 principal & interest · $406 tax
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $47,780 on a loan of $191,120.
Price history
- Listedat $238,900
Apr 23, 2026
Recent comparable sales
$255,000
1603 Maynard Drive
4bd · 2ba · 1,646 sqft
Sold May 2026
$250,000
4507 Earlham Drive
3bd · 2ba · 1,440 sqft
Sold May 2026
$239,900
3220 Chamberlin Drive
3bd · 2ba · 1,565 sqft
Sold May 2026
$260,000
237 Crosby Drive
3bd · 2ba · 1,592 sqft
Sold Apr 2026
$205,000
5135 Ariana Court
2bd · 2ba · 1,069 sqft
Sold May 2026
Comparative value
5 comps in this range
This home is 4.4% 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
$238,900Listed· Apr 23, 2026
1 days on market
Layout
Primary suite
Bedroom Split
Schools
Perry Township Schools
Neighborhood
- Downtown Indianapolis4.6 mi
- Monon Trail (Carmel)17.8 mi
- Carmel Central Park18.2 mi
- IU Health North Hospital18.4 mi
- Carmel High School18.4 mi
- Zionsville Community HS18.7 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
1,267 sq ft
Year Built
1954
Stories
One
Subdivision
Homedell
Bedrooms
3
Bathrooms
1 full, 1 half
Garage
2 spaces
School District
Perry Township Schools