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4127 N Sherman Drive

Indianapolis, IN 46226

PendingListed Aug 3, 2026 · 59 days on market

Key facts

Beds
4
Baths
4 full · 1 half
Living area
3,372 sqft
Lot
0.5 acres
Year built
1948
Type
Residential · Single Family Residence
Stories
Two
Garage
2 spaces
MLS #
22112486
County
Marion
Subdivision
Forest Manor

About this home

BIG PRICE ADJUSTMENT! Life happens and this seller is ready to move on! The new price point of $359,900 reflects seller timeline. From the roof to the basement floor, this 1948 home was remodeled in 2024.Numerous updates under the current owner - brand new sewer line, waterproof floors top to bottom, hot water heater, backyard gate - over $40,000 in improvements on top of the 2024 remodel.The heart of this home is its open-plan kitchen, seamlessly integrating with the living room and dining area. Culinary enthusiasts will appreciate the stainless steel appliances and the expansive island, making meal preparation and entertaining a delight. With four spacious bedrooms, including a primary on the main floor, each with its own bathroom, this residence provides ample space and privacy for all. A fully finished basement offers the perfect spot for watching your favorite game or movie, while the private fully fenced yard creates an ideal setting for outdoor enjoyment and tranquil moments. A dedicated laundry room further enhances the home's functional appeal.You will find the GEO Next Generation Academy and Tindley Academy and Tindley Accelerated School nearly across the street, Devon Country Club 3 minutes away, and just a stones throw from everything the northeastside of Indy has to offer. This property offers an unparalleled blend of comfort, style, luxury, and stress free living, inviting you to envision your future here.

Description provided by the listing brokerage.

Interior

Appliances
Gas CooktopDishwasherDryerExhaust FanMicrowaveOvenConvection OvenGas OvenRefrigeratorWasherWater HeaterWine Cooler
Interior features
Attic AccessBath Sinks Double MainVaulted Ceiling(s)Kitchen IslandPaddle FanEat-in KitchenSmart ThermostatWalk-In Closet(s)
Kitchen
Kitchen Updated
Other rooms and areas
Bedroom Other on Main
Basement
Egress Window(s)FinishedFinished CeilingFinished WallsFullStorage Space
Fireplaces
1
Fireplace type
Electric
Laundry
Laundry RoomIn Basement
Windows
ScreensVinyl Windows
Security
Security System Owned
Rooms
10
Main-level bedrooms
2
Condition
Updated/Remodeled

Exterior

Patio and porch
Porch
Construction
Brick
Foundation
Block
Style
Traditional
Parking and garage
Detached
Fencing
FullPrivacy
Other equipment
Sump Pump

Systems

Heating
Gas
Cooling
Central Air
Water
Public
Utilities
Natural Gas ConnectedSewer ConnectedWater Connected

Schools

Elementary school
Floro Torrence School 83
Middle school
Arlington Community Middle School
High school
Shortridge High School
School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$4,644 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$2,327per month, estimated
Principal and interest $1,814Property tax $387Insurance $126
20% · $71,980
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$359,900
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