Sheldon Barnes
For Sale — 7230 Indian Lake Road, Indianapolis, IN 462367230 Indian Lake Road
Indianapolis, Indiana 46236
Edgewater Terrace
3
Beds
2
Baths
1,635
Sq Ft
1954
Year Built
0.71
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 7230 Indian Lake Road in Edgewater Terrace, ask any question about this home, or talk through what you should know about buying in Indianapolis.
ABOUT THIS HOME
Tucked away in highly sought-after Indian Lake, this 3-bedroom home spans multiple lots-including one that extends 125 feet into the woods-offering incredible privacy right in the middle of the city. Remodeled kitchen features new countertops, backsplash, stainless steel appliances, new tile floors, updated cabinets, hardware and lighting! Additional updates include newer windows, mechanicals, garage door, and a 4-stage water purification system. The basement was professionally waterproofed in 2016 and has tons of open room to finish if you want more living space. Enjoy the outdoors with a spacious backyard complete with a deck, patio, and a firepit tucked into the woods. This is the perfect spot for relaxing evenings surrounded by the natural beauty and wildlife of the Indian Lake area. With no HOA and almost 3/4 acre you will definitely appreciate the extra space and distance from neighbors.
Key things to know
- Lot extends 125 feet into woods for privacy
- Remodeled kitchen with stainless steel appliances and new counters
- Professionally waterproofed basement with room to finish
- Spacious backyard with deck, patio, and firepit
- No hoa, nearly 3/4 acre
Monthly payment
Estimate · $308,000
$1,865/mo
≈ $1,639 principal & interest · $226 tax
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $61,600 on a loan of $246,400.
Price history
- Price reduced$315,000 → $308,000
Apr 24, 2026
- Listedat $320,000
Mar 17, 2026
Recent comparable sales
$346,000
7524 Old Oakland Boulevard West Drive
4bd · 2ba · 1,906 sqft
Sold May 2026
$270,000
12221 Tallowtree Court
3bd · 2ba · 1,220 sqft
Sold May 2026
$324,000
6259 Chadworth Court
4bd · 3ba · 2,060 sqft
Sold May 2026
$292,000
12113 Stacie Circle
3bd · 2ba · 1,652 sqft
Sold May 2026
$499,999
11934 E 79th Street
3bd · 2ba · 1,938 sqft
Sold Apr 2026
Comparative value
5 comps in this range
This home is 4.9% 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
$320,000Listed· Mar 17, 2026
$308,000Reduced
↓ $12,000 (3.8% off original)
39 days on market
Layout
Schools
MSD Lawrence Township
Neighborhood
- Fishers High School5.6 mi
- Conner Prairie5.7 mi
- IU Health North Hospital6.9 mi
- Hamilton Southeastern HS7.0 mi
- Hamilton Town Center7.5 mi
- Monon Trail (Carmel)8.6 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
1,635 sq ft
Year Built
1954
Stories
One
Subdivision
Edgewater Terrace
Bedrooms
3
Bathrooms
1 full, 1 half
Garage
2 spaces
School District
MSD Lawrence Township