Sheldon Barnes
For Sale — 5534 Hill Rise Drive, Indianapolis, IN 462375534 Hill Rise Drive
Indianapolis, Indiana 46237
Farhill Downs
4
Beds
1
Baths
1,894
Sq Ft
1976
Year Built
0.25
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 5534 Hill Rise Drive in Farhill Downs, ask any question about this home, or talk through what you should know about buying in Indianapolis.
ABOUT THIS HOME
Spacious two-story home featuring 4 bedrooms, 2 bathrooms, and a 2-car garage with a functional layout and plenty of room to spread out. The main living areas offer great space for both everyday living and entertaining, while the kitchen provides ample cabinet and counter space and opens to the dining and living areas. The primary suite includes an en-suite bathroom and generous closet space. Additional bedrooms offer flexibility for guests, home office, or hobbies. Full basement provides additional storage or potential for future finishing. Large backyard offers space to relax or entertain. Great opportunity with tons of potential! One or more photos has been virtually staged.
Key things to know
- Primary suite with en-suite bathroom
- Open kitchen to dining and living areas
- Full unfinished basement with storage potential
- Large backyard
- 2-car garage
Monthly payment
Estimate · $223,000
$1,565/mo
≈ $1,187 principal & interest · $378 tax
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $44,600 on a loan of $178,400.
Price history
- Price reduced$2,230,000 → $223,000
Mar 26, 2026
- Listedat $2,230,000
Mar 26, 2026
Farhill Downs · activity
past 6 months
- Sold
- 8
- Median price
- $255,000
- Median DOM
- 36 days
Recent comparable sales
$294,000
4742 Deacon Lane
3bd · 3ba · 2,012 sqft
Sold May 2026
$267,000
6403 Colonnade Court
3bd · 3ba · 1,704 sqft
Sold May 2026
$297,000
5724 Apple Branch Court
3bd · 3ba · 2,348 sqft
Sold May 2026
$285,000
8452 Amarillo Drive
3bd · 3ba · 1,572 sqft
Sold May 2026
$260,000
6324 Muirfield Way
3bd · 2ba · 1,499 sqft
Sold May 2026
Comparative value
5 comps in this range
This home is 22% 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
$2,230,000Listed· Mar 26, 2026
$223,000Reduced
↓ $2,007,000 (90.0% off original)
14 days on market
Layout
Schools
Franklin Township Com Sch Corp
Elementary
Arlington Elementary School
Middle
Franklin Central Junior High
High
Franklin Central High School
Neighborhood
- Downtown Indianapolis6.6 mi
- Monon Trail (Carmel)18.1 mi
- IU Health North Hospital18.1 mi
- Fishers High School18.7 mi
- Carmel High School18.7 mi
- Conner Prairie18.9 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
1,894 sq ft
Year Built
1976
Stories
Two
Subdivision
Farhill Downs
Bedrooms
4
Bathrooms
1 full
Garage
2 spaces
School District
Franklin Township Com Sch Corp