Well-located mid-century home in the established South Emerson area offering convenience, space, and accessibility. This residence features a functional layout with comfortable living areas designed for everyday use. The main living space provides a welcoming flow into the dining area and kitchen, creating an efficient floor plan for both daily living and entertaining. Bedrooms are well-proportioned with adequate storage. A masonry fireplace adds character to the living area. Exterior includes a spacious lot with mature surroundings and off-street parking potential. Conveniently located near shopping, dining, schools, and major commuter routes including I-465 and I-70, this property offers strong accessibility and long-term potential in a well-established Indianapolis neighborhood.
4 bedroom 2.5 bath home located in Perry Township!! Sitting on almost 1/2 and acre, there is plenty of room to run and play! Huge Garage and great floor plan.
MIBOR as Distributed by MLS Grid #2643813
Jul 6, 2006
Listed
$87,900
$49/sq ft
MIBOR as Distributed by MLS Grid #2616672
Jul 16, 2006
Listing Removed
—
Mar 14, 2006
Listed
$94,500
$53/sq ft
MIBOR as Distributed by MLS Grid #2244070
Mar 18, 2003
Listing Removed
—
Sep 18, 2002
Listed
$134,900
$75/sq ft
MIBOR as Distributed by MLS Grid #2010039
Mar 16, 2000
Listed
$100,500
$56/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$5,550 (+4.3%)
$24,700 + $189,900
$214,600
2024
$5,322 (+7.0%)
$24,700 + $178,600
$203,300
2023
$4,975 (+7.5%)
$24,700 + $178,600
$203,300
2022
$4,626 (+14.9%)
$24,700 + $165,300
$190,000
2021
$4,026 (+8.7%)
$24,700 + $125,200
$149,900
2020
$3,704 (+5.7%)
$24,700 + $125,200
$149,900
2019
$3,505 (+8.2%)
$24,700 + $112,100
$136,800
2018
$3,240 (−0.2%)
$18,100 + $110,400
$128,500
2017
$3,246 (−1.1%)
$18,100 + $106,100
$124,200
2016
$3,284 (+9.4%)
$18,100 + $106,100
$124,200
2015
$3,003 (+127.2%)
$18,100 + $103,300
$121,400
2014
$1,322 (−6.2%)
$18,100 + $100,500
$118,600
2013
$1,409
$18,100 + $103,500
$121,600
Public record
Public record
Zoning
Permits
Beds
3
Baths
—
Stories
2
Lot width
—
Lot depth
—
Lot size
0.49 Acres
Year renovated
1964
Finished Sq. Ft.
1,800
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,800
Year built
1964
Style
Single Family Residential
County
Marion County
APN
491504100027000500
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 20, 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
Apr 16, 2008 • Final
Sewer connection
Plumbing
Mar 1, 1996 • Final
Structural permit-1-2 family-miscellaneous
Tear off the existing roof and install a new roof.
Roofing
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.
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 102° 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 • 46237
Average low and high temperatures (°F)
32
17
42
26
61
39
69
48
72
53
83
65
88
70
85
64
82
59
71
47
54
38
42
28
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
96/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.2 hrs
6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 4231 E Thompson Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $180,500 and $310,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $181K to $310K.