This lovely stone ranch is situated on a spacious 1/3 acre lot, offering 1,268sqft of finished living space, plus an additional 1,268sqft of unfinished basement space -perfect for storage or future expansion. Inside, the living room features a gas fireplace (currently capped). The home offers a separate dining space highlighted by two built-in corner cabinets, along with a functional kitchen layout. With three bedrooms and one full bath, this home provides comfortable living with room to grow. Enjoy both a covered front porch and an open patio, ideal for relaxing or entertaining outdoors. Welcome Home! - Seller also has (3) additional neighboring properties for sale - 1223 E Thompson Rd (22095553, $179,900), 1229 E Thompson Rd (22095565, $169,900, tenant rights), 1243 E Thompson Rd (22095582, $164,900).
Est. $1,508 per month, based on comparable rentals
Sale and tax history for 1251 E Thompson Rd
Sale History
Tax History
Date
Event
Price
MIBOR as Distributed by MLS Grid #22095588
May 29, 2026
Sold
$175,000
$69/sq ft
Apr 24, 2026
Pending
—
Apr 16, 2026
Listed
$174,900
$69/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$5,810 (+24.8%)
$10,700 + $215,800
$226,500
2024
$4,657 (+8.1%)
$10,700 + $168,000
$178,700
2023
$4,307 (+8.5%)
$10,700 + $168,000
$178,700
2022
$3,968 (+18.3%)
$10,700 + $154,500
$165,200
2021
$3,353 (+9.9%)
$10,700 + $114,600
$125,300
2020
$3,052 (+19.1%)
$10,700 + $114,600
$125,300
2019
$2,564 (−17.8%)
$10,700 + $102,400
$113,100
2018
$3,118 (+2.0%)
$10,000 + $83,900
$93,900
2017
$3,058 (+2.9%)
$10,000 + $103,900
$113,900
2016
$2,971 (+6.2%)
$10,000 + $103,900
$113,900
2015
$2,798 (+8.3%)
$10,000 + $100,500
$110,500
2014
$2,583 (−0.3%)
$10,000 + $100,500
$110,500
2013
$2,590
$10,000 + $96,500
$106,500
Public record
Public record
Zoning
Permits
Beds
2
Baths
—
Stories
1
Lot width
60 ft.
Lot depth
219 ft.
Lot size
0.3 Acres
Year renovated
1948
Sq. Ft.
1,268
Year built
1948
Style
Single Family Residential
County
Marion County
APN
491506103003000500
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 29, 2026.
C1
TOD
METRO
Office-Buffer District
The C-1 District is designed to perform two functions: act as a buffer between uses, and provide for a freestanding area that office uses, compatible office-type uses, such as medical and dental facilities, education services, and certain public and semipublic uses may be developed with the assurance that retail and other heavier commercial uses with incompatible characteristics will not impede or disrupt. Since the buildings for office, office-type and public and semipublic uses are typically much less commercial in appearance, landscaped more fully and architecturally more harmonious with residential structures, this District can serve as a buffer between protected Districts and more intense commercial or industrial areas/Districts - if designed accordingly. This District, with its offices and other buffer type uses, may also be used along certain thoroughfares where a gradual and reasonable transition from existing residential use should occur.
Zone overlays
Transit Oriented Development Secondary Zoning District
Metro Context Area
Permitted uses
Include but are not limited to:
Religious facility
Bank
Day care facility
Housing-Senior
Bed & breakfast
Office
Medical office
Research & development
Library
Park & open space
Oct 2, 2002 • Final
Heating & cooling permit-1-2 family-replacement
HVAC
Sep 10, 1998 • Active
Heating & cooling permit-1-2 family-replacement
HVAC
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
Garage SqFt: 252
Parking Features: Attached, Concrete
Garage Spaces: 1
Has Garage
Interior
Interior Sq. Ft. Information
Building Area Total: 2536
Living Area: 1268
Main Level Sq. Ft.: 1268
Upper Level Sq. Ft.: 0
Lower/Basement Level Sq. Ft (Finished): 0
Bedroom Information
# of Bedrooms Main: 3
Beds MU: 3
Bedrooms MU: 3
Bathroom Information
# of Full Baths (Total): 1
# of Full Baths (Main): 1
Full Baths MU: 1
Full Bathrooms MU: 1
Room 1 Information
Room Type: Dining Room
Room Features: Other
Room Dimensions: 12x10
Room Level: Main
Room 2 Information
Room Type: Kitchen
Room Features: Other
Room Dimensions: 13x7
Room Level: Main
Room 3 Information
Room Features: Other
Room Dimensions: 15x14
Room Level: Main
Room 4 Information
Room Type: Bedroom 2
Room Features: Other
Room Dimensions: 12x11
Room Level: Main
Room 5 Information
Room Type: Bedroom 3
Room Features: Other
Room Dimensions: 12x11
Room Level: Main
Room 6 Information
Room Type: Living Room
Room Features: Other
Room Dimensions: 16x16
Room Level: Main
Other Rooms Information
Rooms Upper: 0
Rooms Main: 6
Rooms Basement: 0
# of Rooms: 6
Basement Information
Has Basement
Basement Features: Full, Unfinished
Fireplace Information
# of Fireplaces: 1
Fireplace Features: Gas Log, Gas Starter
Heating & Cooling
Heating Information: Forced Air, Natural Gas
Cooling Information: Central Air
Interior Features
Interior Features: Smart Thermostat
Appliances: Dishwasher, Gas Water Heater, Electric Oven, Refrigerator
Exterior
Building Information
Percent Optional Level Finished: 0
Exterior Features
Patio And Porch Features: Covered, Patio
Farm Information
Horse Amenities: None
Property Information
Property Type: Residential
Property Sub Type: Single Family Residence
Land Information
Acres: 1/4-1/2 Acre
Lot Information
Lot Size Acres: 0.3
Lot Features: Mature Trees
Utilities
Utility Information
Utility Prim Sewage Disp: Municipal Sewer Connected
Water Source: Public
Solid Waste Information: Yes
Location
School Information
High School District: Perry Township Schools
Location Information
Directions: GPS Friendly
Tax Legal Description: Howland Place 60Ft E Side L5 Ex 80Ft S Side L5
Public facts
Beds: 2
Baths: —
Sq. Ft.: 1,268
Stories: 1.0
Lot Size: 0.3 acres
Style: Single Family Residential
Year Built: 1948
Year Renovated: 1948
County: Marion County
APN: 491506103003000500
Home facts updated by county records on Jul 29, 2026
Other
Home Information
Foundation Details: Block
Construction Materials: Stone, Vinyl Siding
Levels: One
Around this home
Schools
Southport 6th Grade Academy
Public 6 • Assigned • 1.1mi
4/10
Southport High School
Public 9-12 • Assigned • 1.6mi
5/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 101° expected this year, 19 days in 30 years
2/10 Wind Factor
1% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Indianapolis, IN • 46227
Average low and high temperatures (°F)
32
17
42
25
61
39
68
47
72
53
83
65
88
71
83
64
81
59
70
48
54
38
41
27
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
82/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.9 hrs
6.2 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$220,000 – $266,000
Reach more buyers when you sell with Redfin. Plus, you'll save $2,309 in fees.