Pack your bags, this 4 bedroom home with walk out basement, offering a kitchen on both levels, 2 full baths and large family room is ready for a new owner! Hardwood floors for easy cleaning in bedrooms. Concrete patio and large back yard are just a few of the extras with this listing. Home could be a double rental, for added income. The oversized garage offers concrete floor, workshop area, side entry, and a finished loft area too. Conveniently located close to interstate 465 ramp, close to downtown, eateries and drugstore. Sits on .83 acre.
Single-familyProperty Type
1973Year Built
0.83 acresLot Size
$122Est. Price/Sq.Ft.
2 car garageParking
Listed by Lisa Jines-Plessinger• Cutting Edge Realty and Auctioneer Services
INVESTORS WANTED! 3.45 acres,Home,Garage and outbuilding all located minutes from I 465/135 and 31. With over 425 feet of road frontage, this land could be your next building spot. The home offers 3 bedroom on main level with hardwood floors and move in ready condition. Finished walk out basement with living quarters, separate kitchen, bedroom and bath in basement. You could use this home as a double rental. Home and detached garage with loft area are located on .83 acres leaving the extra 2.62 acres perfect for building. Offering over 400 feet of road frontage! Drive is already through the extra parcel . Both parcels offered together to be sold at Public Auction on Friday March 6th at NOON.
MIBOR as Distributed by MLS Grid #21688345
Feb 3, 2020
Listing Removed
—
Jan 8, 2020
Price Changed
$269,000
$127/sq ft
Jan 7, 2020
Listed
$250,000
$118/sq ft
MIBOR as Distributed by MLS Grid #21632130
Apr 10, 2019
Listed
$149,500
$71/sq ft
Apr 10, 2019
Listing Removed
—
MIBOR as Distributed by MLS Grid #21363953
Jan 21, 2019
Listing Removed
—
Jul 7, 2015
Listed
$149,500
$71/sq ft
MIBOR as Distributed by MLS Grid #21336643
Jul 1, 2015
Listing Removed
—
Feb 16, 2015
Listed
$149,900
$71/sq ft
MIBOR as Distributed by MLS Grid #21326518
Feb 16, 2015
Listing Removed
—
Nov 26, 2014
Listed
$149,900
$71/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,564 (+3.4%)
$23,900 + $188,500
$212,400
2024
$2,481 (+5.2%)
$23,900 + $165,200
$189,100
2023
$2,358 (+2.6%)
$23,900 + $165,200
$189,100
2022
$2,299 (−40.2%)
$23,900 + $160,900
$184,800
2021
$3,844 (+10.3%)
$23,900 + $120,300
$144,200
2020
$3,486 (+9.6%)
$23,900 + $120,300
$144,200
2019
$3,181 (+2.5%)
$23,900 + $105,800
$129,700
2018
$3,103 (−0.6%)
$22,800 + $94,600
$117,400
2017
$3,121 (+7.5%)
$22,800 + $94,200
$117,000
2016
$2,904 (+141.4%)
$22,800 + $94,200
$117,000
2015
$1,203 (+6.1%)
$22,800 + $85,800
$108,600
2014
$1,134 (−9.1%)
$22,800 + $89,200
$112,000
2013
$1,248
$22,800 + $88,500
$111,300
Tax history for 302 E Thompson Rd
Year
Property tax
Land + Additions
Assessment*
2025
$2,564 (+3.4%)
$23,900 + $188,500
$212,400
2024
$2,481 (+5.2%)
$23,900 + $165,200
$189,100
2023
$2,358 (+2.6%)
$23,900 + $165,200
$189,100
2022
$2,299 (−40.2%)
$23,900 + $160,900
$184,800
2021
$3,844 (+10.3%)
$23,900 + $120,300
$144,200
2020
$3,486 (+9.6%)
$23,900 + $120,300
$144,200
2019
$3,181 (+2.5%)
$23,900 + $105,800
$129,700
2018
$3,103 (−0.6%)
$22,800 + $94,600
$117,400
2017
$3,121 (+7.5%)
$22,800 + $94,200
$117,000
2016
$2,904 (+141.4%)
$22,800 + $94,200
$117,000
2015
$1,203 (+6.1%)
$22,800 + $85,800
$108,600
2014
$1,134 (−9.1%)
$22,800 + $89,200
$112,000
2013
$1,248
$22,800 + $88,500
$111,300
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
3
Baths
—
Stories
1
Lot width
—
Lot depth
—
Lot size
0.83 Acres
Year renovated
1973
Sq. Ft.
1,080
Year built
1973
Style
Single Family Residential
County
Marion County
APN
491136106052000500
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 29, 2026.
DA
METRO
Dwelling Agriculture District
The D-A District holds the agricultural lands of Marion County and provides for a variety of agricultural uses. It is intended to provide for animal and poultry husbandry, farming, cultivation of crops, dairying, pasturage, floriculture, horticulture, viticulture, apiaries, aquaculture, hydroponics, together with necessary, accompanying accessory uses, buildings, or structures for housing, packing, treating, or storing said products; or lands devoted to a soil conservation or forestry management program. A single-family dwelling is intended to be permitted as a part of such agricultural uses. A secondary provision of this District is large estate development of single-family dwellings. This District fulfills the very low density residential classification of the Comprehensive General Land Use Plan. This District does not require public water and sewer facilities.
Zone overlays
Metro Context Area
Permitted uses
Include but are not limited to:
Agriculture
Housing-Group
Housing-Single unit
Research & development
Communications tower
Veterinary clinic
Park & open space
Sep 26, 2000 • 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: 640
Parking Features: Detached, Garage Door Opener, Gravel
Garage Spaces: 2
Has Garage
Interior
Interior Sq. Ft. Information
Building Area Total: 2120
Living Area: 1080
Main Level Sq. Ft.: 1080
Lower/Basement Level Sq. Ft (Finished): 936
Bedroom Information
# of Basement Bedrooms: 1
# of Bedrooms Main: 3
Beds MU: 3
Bedrooms MU: 3
Bathroom Information
# of Full Baths (Total): 2
# of Full Baths (Main): 1
# of Full Baths (Basement): 1
Full Baths MU: 3
Full Bathrooms MU: 1
Room 1 Information
Room Type: Kitchen
Room Features: Vinyl
Room Dimensions: 12x25
Room Level: Main
Room 2 Information
Room Type: Living Room
Room Features: Carpet
Room Dimensions: 10x14
Room Level: Main
Room 3 Information
Room Features: Hardwood
Room Dimensions: 10x10
Room Level: Main
Room 4 Information
Room Type: Bedroom 2
Room Features: Hardwood
Room Dimensions: 09x10
Room Level: Main
Room 5 Information
Room Type: Bedroom 3
Room Features: Carpet
Room Dimensions: 09x10
Room Level: Main
Room 6 Information
Room Type: Bedroom 4
Room Features: Carpet
Room Dimensions: 09x10
Room Level: Basement
Room 7 Information
Room Type: Family Room
Room Features: Vinyl
Room Dimensions: 11x12
Room Level: Basement
Room 8 Information
Room Type: Kitchen
Room Features: Vinyl
Room Dimensions: 10x25
Room Level: Basement
Room 9 Information
Room Type: Bedroom 4
Room Features: Carpet
Room Dimensions: 09x10
Room Level: Basement
Room 10 Information
Room Type: Office
Room Features: Vinyl
Room Dimensions: 08x08
Room Level: Basement
Other Rooms Information
Rooms Upper: 0
Rooms Main: 5
Rooms Basement: 4
# of Rooms: 9
Basement Information
Has Basement
Basement Features: Finished, Walk Out, Sump Pump
Heating & Cooling
Heating Information: Forced Air, Gas
Cooling Information: Central Electric
Interior Features
Interior Features: Attic Access
Appliances: Dishwasher, Electric Oven, Refrigerator, Electric Water Heater
Exterior
Building Information
Percent Optional Level Finished: 75+%
Property Information
Ownership Interest Types: No Assoc
Other Equipment: Smoke Alarm
Property Type: Residential
Property Sub Type: Single Family Residence
Land Information
Acres: 1/2-1 Acre
Lot Information
Lot Size Acres: 0.83
Utilities
Utility Information
Utility Prim Sewage Disp: Septic
Water Source: Private Well
Solid Waste Information: Yes
Location
School Information
High School District: Indianapolis Public Schools
Location Information
Directions: Madison Ave and Thompson Rd heading N, turn left, home on right
Tax Legal Description: PT SW1/4 S36 T15 R3 & PT NW1/4 S1 T14 R3 BEG1633.32FT E & 137.4FT S OF SW COR S36 T15 R3 E107.12FT N 348.4FT W 107FT S 337.43FT TO BEG.83AC
Public facts
Beds: 3
Baths: —
Sq. Ft.: 1,080
Stories: 1.0
Lot Size: 0.83 acres
Style: Single Family Residential
Year Built: 1973
Year Renovated: 1973
County: Marion County
APN: 491136106052000500
Home facts updated by county records on Jul 29, 2026
Other
Listing Information
Attribution Contact: Lisa@christys.com
Green Information
Green Certification YN: No
Home Information
Foundation Details: Block
Construction Materials: Aluminum Siding
Levels: One
Around this home
Schools
Abraham Lincoln Elementary School
Public 1-5 • Assigned • 0.8mi
4/10
Perry Meridian 6th Grade Academy
Public 6 • Assigned • 3.0mi
6/10
Perry Meridian High School
Public 9-12 • Assigned • 3.2mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
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
3/10 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
In this area, properties receive around 9.7 hours in
June and 3.3 hours in December, placing it below the
U.S. average for solar exposure.
9.7 hrs
3.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$245,000 – $297,000
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