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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 8023 Railroad Road in Hill Valley Estates, ask any question about this home, or talk through what you should know about buying in Indianapolis.

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ABOUT THIS HOME

This incredible property is essentially two homes for the price of one, featuring a connected apartment that can be used as an in-law suite or generate rental income (currently rented for $1,700 per month until Nov 15). With extensive upgrades, unique features, and thoughtful design, this home offers exceptional value and versatility. In 2012, a 2,400 sq. ft. addition was completed, expanding the home's living space. 2013 a 16' x 32' in-ground pool and pool house were added, creating a backyard retreat perfect for entertaining or relaxing. The pool house includes a sink and toilet (#1 only). In 2019, the former three-bedroom section of the home was transformed into an impressive game room / loft area. The south side flooring was reinforced to support a pool table, and the space now includes a wet bar and mini fridge. That same year, a deluxe walk-in closet was created, complete with its own sink and washer/dryer setup for added convenience. In 2025, a deck was added above the pergola, accessible directly from the primary suite through a new master bedroom door-perfect for morning coffee or evening sunsets. The home also features a Jack-and-Jill bathroom with two sinks, one shower, and one toilet, plus a master bath with a garden tub and private water closet. The great room's spiral staircase adds architectural charm and a touch of elegance. The entire front facade of the home was redone in 2024. The roof-covering the main home, the apartment carport, and the overhang-was also replaced in 2024. Out back 16' x 20' shed with a loft for additional storage. The connected apartment is fully equipped and beautifully updated. It features granite countertops, a cozy breakfast nook, and a newly refreshed bathroom (sink, exhaust fan, and fixtures all replaced in 2024). There's also a covered porch and carport, making the apartment completely independent and highly rentable. This home offers amazing flexibility for multi-generational living or rental income!

Listed by Todd Campbell· United Real Estate Indpls· MLS# 22071204
SoldSold in 22 days

$425,000

4Beds
3Baths
3,555Sq Ft

This incredible property is essentially two homes for the price of one, featuring a connected apartment that can be used as an in-law suite or generate rental income (currently rented for $1,700 per month until Nov 15). With extensive upgrades, unique features, and thoughtful design, this home offer...

Listed by Todd Campbell· United Real Estate Indpls· MLS# MBR22071204

3,555

Sq Ft

1980

Year Built

4

Bedrooms

3

Bathrooms

Key things to know

  • Sold at list price in 22 days
  • Private pool
  • Fireplace
  • Hill Valley Estates subdivision

Sold

$425,000

Closed
Feb 6, 2026
Sold
3 months ago
Sold in
22 days

Price history

  1. Sold$425,000

    Feb 6, 2026

  2. Listedat $425,000

    Oct 31, 2025

Sold
21
Median price
$275,000
Median DOM
51 days

Comparative value

5 comps in this range

This home is 13% above median for similar nearby sales.

$280K$480KMedian $375K
$425K

FEATURES & AMENITIES

Interior

Vaulted Ceiling(s)Hardwood FloorsIn-Law ArrangementWalk-In Closet(s)Wood Work PaintedBreakfast BarWet Bar

Exterior

BalconyBarn MiniStorage Shed

Climate

Heat: Forced AirHeat: Heat PumpHeat: Wood StoveCool: Central Air

THE FACTS

Pricing trajectory, room-by-room layout, schools, and what's nearby.

Price history

  • $425,000Listed· Oct 31, 2025

22 days on market

Layout

Main
119 rooms1,994 sq ft
Upper
324 rooms1,561 sq ft

Primary suite

Closet Walk in,Deck

Primary bath

Tub Full

Schools

Perry Township Schools

  • Elementary

    Douglas MacArthur Elementary Sch

  • Middle

    Perry Meridian 6th Grade Academy

  • High

    Perry Meridian High School

Neighborhood

  • Downtown Indianapolis8.3 mi
  • Monon Trail (Carmel)21.6 mi
  • Carmel Central Park21.9 mi
  • Zionsville Community HS22.0 mi
  • Carmel High School22.3 mi
  • IU Health North Hospital22.4 mi

PROPERTY DETAILS

Living Area

3,555 sq ft

Year Built

1980

Stories

Two

Subdivision

Hill Valley Estates

Bedrooms

4

Bathrooms

3 full

Garage

2 spaces

School District

Perry Township Schools

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