542 Alder WaySheridan, IN 46069
Special Financing Available!- Homes
- Indianapolis Metro
- Sheridan
- 542 Alder Way
Overview
542 Alder WaySheridan, IN 46069
- Floor PlanThe Chestnut
- 3Beds
- 2 Baths
- 1Stories
- 2-CarGarage
- 1,801SQ. FT.
- 190Lot #
Welcome to this beautifully crafted Chestnut, featuring Elevation B and brick wainscott on the exterior. With 1,801 square feet of living space, this 3-bedroom, 2-bath home offers a perfect balance of style, space, and functionality.
Step inside to soaring 9' ceilings on the first floor, and enjoy the airy open-concept layout, highlighted by a vault to flat ceiling in the Great Room and Kitchen. The kitchen is a chef’s dream with 42” upper cabinets, quartz countertops, stainless steel appliances, a 9" deep 50/50 stainless steel sink, and sleek vinyl plank flooring that flows throughout the main living areas.
Retreat to the spacious primary suite featuring a 48” framed hinged/inline shower with a separate deluxe garden bath, and a double bowl vanity — all finished with elegant quartz countertops. Two additional bedrooms offer ample space for family, guests, or a home office.
Enjoy outdoor living on the 12’ x 10’ rear patio, ideal for relaxing or entertaining. Additional upgrades include a water softener bypass rough-in for convenience.
Don't wait — this home is one of the last opportunities to join our Maple Run community in Sheridan!
All trademarks are the property of their respective owners.
ALL LOANS ARE SUBJECT TO CREDIT APPROVAL.
*Contact your Arbor Homes sales manager for a list of eligible homes. Contracts written on or after 07/22/2025. Loan must close before 11/22/2025. All terms and conditions subject to credit approval, market conditions and availability. Silverton Mortgage has locked in a fixed interest rate for a pool of funds. Rates only available until pool of funds is depleted or rate expires.
**Example of 75% LTV (25% Cash Down) 7/6 ARM Loan Program with $400,000.00 sales price. $300,000.00 loan amount - 7-yr adjustable rate loan (30-year term) with zero points based on 360 monthly payments. 25% cash down payment of $100,000.00 required. Example includes $1,495.00 origination fee, 5.539% APR, and 3.875% interest rate as of 07/21/2025. Initial monthly payment will be $1,410.71.00 (principal and interest only). After the initial fixed rate period and subject to the interest rate adjustment caps, the maximum first adjusted rate for this example will never be more than 8.875% with a first adjustment maximum payment of $2,386.93 (principal and interest only). The maximum lifetime rate will never be more than 8.875% with an estimated maximum monthly payment (principal and interest only) of $2,386.93. Monthly payments do not include required mortgage insurance, taxes, insurance premiums or other applicable escrows. Actual payment amount will be higher. Your interest rate and payment may increase with the first or any subsequent adjustment. This example assumes the Treasury index will be used throughout the life of the loan and will not change. Fees, other charges, and terms subject to change. Available loan programs and terms will vary by state.
Vanderbilt Mortgage and Finance, Inc., dba Silverton Mortgage, 1201 Peachtree St NE, Ste 2050, Atlanta, GA 30361, 404-815-0291, NMLS 1561, (http://www.nmlsconsumeraccess.org/), AZ Lic. #BK-0902616, Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act license, Licensed by the N.J. Department of Banking and Insurance, Licensed by PA Dept. of Banking and Securities, Rhode Island Licensed Lender. Licensing information: https://silvertonmortgage.com/licensing/. All information is believed accurate and subject to change without notice. 08/2025
Features
- Elevation B, Brick A
- 12’ x 10’ Rear Patio
- 9’ First Floor Walls
- Vault to Flat Ceiling in Great Room and Kitchen
- Water Softener Bypass Rough-in
- 9" Deep Equal Bowl (50/50) Stainless Steel Sink
- 42” Tall Upper Cabinetry in Kitchen
- 48” Framed Hinged/Inline Shower and Deluxe Garden Bath in Primary Bathroom
- Double Bowl Vanity in Primary Bathroom
- Quartz Countertops Throughout
- Vinyl Plank Flooring in Common Areas
- Stainless Steel Appliances
Area Schools
- Sheridan Elementary School
- Sheridan Middle School
- Sheridan High School
Directions
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Interactive Map
Floor Plans
Map & Directions
Driving Directions
From Indianapolis, take I-465 N towards Carmel and exit on to Keystone Ave (exit 33). After a half a mile, keep right at the fork and follow signs for Carmel to merge onto Keystone Parkway. Continue on Keystone for about 5 miles, then keep left to continue on Keystone Parkway and after another 5 miles merge onto US-31 N. After about 6 miles, take exit 136 toward IN-38 W and keep left at the fork to merge onto IN-38 W. Continue on 38 for 6 miles and take a slight left onto 10th street. Continue about a half mile, then turn left onto Mule Barn Rd. Turn Right into the neighborhood onto Shadetree Ln. Then Turn Left onto Graybark St. Turn Right onto Foliage Ln and then turn left onto Bigleaf Dr. The models will be on your left.
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Mortgage Calculator
Estimated Payment:
$1,557.14/mo
Results received form this calculator are NOT a loan offer and are only an estimated payment based off of principal and interest only. Additional fees such as HOA dues and property taxes are not automatically included in calculations. Arbor Homes, the seller, is not a lender and does not offer financing and is not responsible for any errors, omissions, or misrepresentations. Actual available loans depend on a number of factors, including lender and loan type. The above calculator and any related information provided are an example of mortgage payments calculated for comparative and educational purposes only. The results generated cannot be used to determine loan terms, costs or pre-qualify for any actual mortgage loan program. The sample results above may not be available to you for financing purposes, or take into account all loan options and important considerations for home buying and financing decisions. View Terms and Privacy Policy.
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All trademarks are the property of their respective owners.
ALL LOANS ARE SUBJECT TO CREDIT APPROVAL.
*Contact your Arbor Homes sales manager for a list of eligible homes. Contracts written on or after 07/22/2025. Loan must close before 11/22/2025. All terms and conditions subject to credit approval, market conditions and availability. Silverton Mortgage has locked in a fixed interest rate for a pool of funds. Rates only available until pool of funds is depleted or rate expires.
**Example of 75% LTV (25% Cash Down) 7/6 ARM Loan Program with $400,000.00 sales price. $300,000.00 loan amount - 7-yr adjustable rate loan (30-year term) with zero points based on 360 monthly payments. 25% cash down payment of $100,000.00 required. Example includes $1,495.00 origination fee, 5.539% APR, and 3.875% interest rate as of 07/21/2025. Initial monthly payment will be $1,410.71.00 (principal and interest only). After the initial fixed rate period and subject to the interest rate adjustment caps, the maximum first adjusted rate for this example will never be more than 8.875% with a first adjustment maximum payment of $2,386.93 (principal and interest only). The maximum lifetime rate will never be more than 8.875% with an estimated maximum monthly payment (principal and interest only) of $2,386.93. Monthly payments do not include required mortgage insurance, taxes, insurance premiums or other applicable escrows. Actual payment amount will be higher. Your interest rate and payment may increase with the first or any subsequent adjustment. This example assumes the Treasury index will be used throughout the life of the loan and will not change. Fees, other charges, and terms subject to change. Available loan programs and terms will vary by state.
Vanderbilt Mortgage and Finance, Inc., dba Silverton Mortgage, 1201 Peachtree St NE, Ste 2050, Atlanta, GA 30361, 404-815-0291, NMLS 1561, (http://www.nmlsconsumeraccess.org/), AZ Lic. #BK-0902616, Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act license, Licensed by the N.J. Department of Banking and Insurance, Licensed by PA Dept. of Banking and Securities, Rhode Island Licensed Lender. Licensing information: https://silvertonmortgage.com/licensing/. All information is believed accurate and subject to change without notice. 08/2025