Sheldon Barnes
For Sale — 7101 Shelby Street, Indianapolis, IN 462277101 Shelby Street
Indianapolis, Indiana 46227
Southgate Farms
$275,000
Schedule a Showing4
Beds
2
Baths
2,000
Sq Ft
1957
Year Built
0.52
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 7101 Shelby Street in Southgate Farms, ask any question about this home, or talk through what you should know about buying in Indianapolis.
ABOUT THIS HOME
Solid brick ranch on a spacious .52-acre lot on Indianapolis' south side! This 4-bedroom, 1.5-bath home offers approximately 2,000 square feet with a desirable split-bedroom floor plan and plenty of space to make your own. The home has been well maintained structurally and features a heat pump with a redundant boiler system for added peace of mind. Hardwood floors are also believed to be under the carpet in the living room and three back bedrooms, adding even more potential. The fully fenced backyard is perfect for pets, entertaining, or outdoor enjoyment. While the interior is dated and ready for cosmetic updates, the property offers excellent potential for an owner-occupant or investor looking to add value. Conveniently located near Greenwood and just minutes from shopping, dining, and entertainment on the south side, this is a great opportunity in a highly accessible location.
Key things to know
- Fireplace
- Southgate Farms subdivision
Monthly payment
Estimate · $275,000
$1,716/mo
≈ $1,464 principal & interest · $253 tax
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $55,000 on a loan of $220,000.
Price history
- Listedat $275,000
May 12, 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
$175,000
667 E Edgewood Avenue
3bd · 2ba · 1,980 sqft
Sold May 2026
$229,000
4205 Carson Avenue
3bd · 3ba · 2,077 sqft
Sold May 2026
Comparative value
5 comps in this range
This home is 15% above 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
$275,000Listed· May 12, 2026
1 days on market
Layout
Schools
Perry Township Schools
Neighborhood
- Downtown Indianapolis7.4 mi
- Monon Trail (Carmel)20.5 mi
- Carmel Central Park21.0 mi
- IU Health North Hospital21.0 mi
- Carmel High School21.1 mi
- Zionsville Community HS21.5 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
2,000 sq ft
Year Built
1957
Stories
One
Subdivision
Southgate Farms
Bedrooms
4
Bathrooms
1 full, 1 half
Garage
2 spaces
School District
Perry Township Schools