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431 Shady Lane

Greenwood, IN 46142

ActiveListed Oct 9, 2026 · 3 days on market

Key facts

Beds
4
Baths
3 full
Living area
2,448 sqft
Lot
0.47 acres
Year built
1974
Type
Residential · Single Family Residence
Stories
One
Garage
2 spaces
MLS #
22130737
County
Johnson
Subdivision
Carefree

About this home

Room to spread out meets effortless one-level living in this four-bedroom, three-bathroom Greenwood ranch with a versatile updated layout. Beautiful winding creek makes the backyard the most peaceful retreat. With almost 2500 square feet arranged on one level, the home offers comfortable flow and adaptable spaces for daily routines, entertaining, remote work, and hobbies within the Center Grove Schools district. Its practical design balances openness with clearly defined rooms, making the home easy to enjoy. The updated kitchen offers a fresh setting for meal preparation, casual conversation, and gathering. Its improvements enhance daily function while complementing the ranch's spacious footprint. Nearby living areas provide room to host or unwind, and four bedrooms can serve as restful retreats, guest accommodations, office space, or a hobby room. Three bathrooms support busy schedules, while the primary bedroom creates a welcome place to recharge. Thoughtful improvements add to the home's appeal without sacrificing versatility. A two-car garage handles sheltered parking, bicycles, tools, and seasonal storage. Beyond it, the lot offers space for outdoor dining, gardening, lawn games, or quiet evenings beneath the Indiana sky. Everyday errands and recreation remain conveniently close with a selection of shopping, dining and other amenities very close by! If an updated kitchen, substantial square footage, and single-story convenience are on your wish list, schedule a private showing and experience this ranch's possibilities for yourself.

Description provided by the listing brokerage.

Interior

Appliances
Electric CooktopDishwasherDisposalGas Water HeaterMicroHoodOvenConvection OvenRefrigerator
Interior features
Attic Pull Down StairsBuilt-in FeaturesWalk-In Closet(s)Paddle FanEat-in KitchenEntrance FoyerPantrySmart Thermostat
Kitchen
Kitchen Updated
Fireplaces
1
Fireplace type
Family RoomGas Log
Laundry
Main Level
Rooms
10
Main-level bedrooms
4

Exterior

Exterior features
Fire PitTennis Community
Patio and porch
Covered
Construction
Stone
Foundation
Block
Style
Ranch
Parking and garage
Attached
Other equipment
Security System LeasedSmoke Alarm

Systems

Heating
Heat PumpElectric
Cooling
Central Air
Water
Public

Lot and HOA

HOA fee
$320 / annually
Lot features
Mature TreesWooded
HOA fee includes
ClubhouseEntrance CommonMaintenanceManagement
HOA amenities
ClubhouseMaintenanceManagementPool

Schools

School district
Center Grove Community School Corp

Taxes

Estimated annual tax
$3,760 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$2,496per month, estimated
Principal and interest $2,016Property tax $313Insurance $140HOA $27
20% · $79,980
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$399,900
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