3309 Gainesville Ct, Indianapolis, IN, 46227
About This Home
Wake up to peaceful pond views and cast a line right from your own backyard. This 3-bedroom, 2.5-bath home in sought-after Sherman Commons offers 2,160 square feet of comfortable living with one of the most coveted lots in the neighborhood, a true waterfront setting where fishing, sunsets, and quiet mornings are part of everyday life. Inside, a spacious main level welcomes you with an oversized living room, an eat-in kitchen that flows into the dining area, and a convenient half bath. Upstairs, all three bedrooms are generously sized, including a 14x20 primary suite with a walk-in closet. Two full baths upstairs make morning routines easy for everyone. Major-ticket peace of mind is already done: a brand-new roof means one less thing on your to-do list. Add the 2-car attached garage, open patio overlooking the water, and the unbeatable Perry Township Schools location, and you have a home that checks every box for the next chapter. Easy access to I-65, US-31, Greenwood, and downtown Indy. Homes on the water in Sherman Commons rarely come available. Schedule your showing today.
Getting Around
Car-Dependent
Minimal Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 2002
Materials
- Foundation: Concrete Perimeter
- Construction materials: Vinyl With Brick
Type & Style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subType: Residential,Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Disposal,Electric Oven,Refrigerator
Bedroom2
- Level: Upper
- Area: 248.4444
- Dimensions: 14'4 x 17'4
Bedroom3
- Level: Upper
- Area: 175.5833
- Dimensions: 14'4 x 12'3
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Dining Room
- Level: Main
- Area: 103.7361
- Dimensions: 8'1 x 12'10
Features
- Eat-in Kitchen
Heating & Cooling
- Heating features: Forced Air
- Cooling features: Central Air
Interior Area
- Total structure area: 2,160
- Total interior livable area: 2,160 sqft
Kitchen
- Level: Main
- Area: 139.0278
- Dimensions: 10'10 x 12'10
Living Room
- Level: Main
- Area: 262.5
- Dimensions: 16'8 x 15'9
Master Bedroom
- Level: Upper
- Area: 278.1458
- Dimensions: 14'1 x 19'9
Utility Room
- Level: Main
- Area: 17.4722
- Dimensions: 2'10 x 6'2
Property
Details
- Parcel number: 491520109021000500
- Horse amenities: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Patio
- Has view: Yes
- View description: Pond
- Water view: Pond
- On waterfront: Yes
- Waterfront features: Pond
Lot
- Lot size: 6,098 sqft
Parking
- Total spaces: 2
- Parking features: Attached
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Heat Wave
- Strong Wind
- Tornado
- Inland Flooding
- Lightning
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Indiana Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,334 | $16,008 |
| Home Insurance * | $173 | $2,076 |
| Property Taxes | $549 | $6,588 |
| Electricity | $198 | $2,376 |
| Total | $2,254 | $27,048 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
Wildfire
HailWindHow Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-30 | Listed for sale | $294,900 |
For Sale by Agent
View on Zillow