7311 Lantern Rd is a 2,417 square foot house on a 0.7 acre lot with 1.5 bathrooms. Based on Redfin's Indianapolis data, we estimate the home's value is $382,823.
Single-familyProperty Type
1966Year Built
0.7 acresLot Size
$158Est. Price/Sq.Ft.
Source:Public Records
Redfin Estimate
$382,823
$7,000 since August
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 6.3% lower than the average sale price ($409K) of 5 comparable homes.
As the MLS and public records start to fill up, we'll list the details here.
Year
Property tax
Land + Additions
Assessment*
2025
$9,119 (+6.6%)
$69,900 + $345,900
$415,800
2024
$8,553 (+5.0%)
$69,900 + $315,200
$385,100
2023
$8,149 (+7.3%)
$69,900 + $315,200
$385,100
2022
$7,597 (+10.8%)
$69,900 + $297,400
$367,300
2021
$6,856 (+17.8%)
$41,800 + $260,000
$301,800
2020
$5,820 (+15.1%)
$41,800 + $260,000
$301,800
2019
$5,054 (−1.3%)
$41,800 + $211,000
$252,800
2018
$5,123 (+4.8%)
$41,800 + $203,600
$245,400
2017
$4,891 (−3.2%)
$41,800 + $195,000
$236,800
2016
$5,054 (+5.4%)
$41,800 + $195,000
$236,800
2015
$4,794 (+8.4%)
$41,800 + $203,400
$245,200
2014
$4,424 (+0.7%)
$41,800 + $197,000
$238,800
2013
$4,394
$41,800 + $179,300
$221,100
Tax history for 7311 Lantern Rd
Year
Property tax
Land + Additions
Assessment*
2025
$9,119 (+6.6%)
$69,900 + $345,900
$415,800
2024
$8,553 (+5.0%)
$69,900 + $315,200
$385,100
2023
$8,149 (+7.3%)
$69,900 + $315,200
$385,100
2022
$7,597 (+10.8%)
$69,900 + $297,400
$367,300
2021
$6,856 (+17.8%)
$41,800 + $260,000
$301,800
2020
$5,820 (+15.1%)
$41,800 + $260,000
$301,800
2019
$5,054 (−1.3%)
$41,800 + $211,000
$252,800
2018
$5,123 (+4.8%)
$41,800 + $203,600
$245,400
2017
$4,891 (−3.2%)
$41,800 + $195,000
$236,800
2016
$5,054 (+5.4%)
$41,800 + $195,000
$236,800
2015
$4,794 (+8.4%)
$41,800 + $203,400
$245,200
2014
$4,424 (+0.7%)
$41,800 + $197,000
$238,800
2013
$4,394
$41,800 + $179,300
$221,100
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning and permits
Zoning
Permits
D1
METRO
Dwelling District One
The D-1 District is intended for use in suburban areas. The D-1 District has a typical density of 0.9 units per gross acre which fulfills the lowest density residential classification of the Comprehensive General Land Use Plan. The D-1 District provides for estate-style development characterized by generous front yards for trees and a bucolic atmosphere, appropriately served by gently curving roadways. Under most circumstances, public water and sewer facilities should be present but are not mandatory. Development plans should incorporate and promote environmental and aesthetic considerations, working within the constraints and advantages presented by existing site considerations, including vegetation, topography, drainage and wildlife. Use of the cluster option when subdividing would maximize site advantages.
Zone overlays
Metro Context Area
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Communications tower
Park & open space
Sep 26, 2023 • Active
Flora
Electrical
Aug 22, 2022 • Active
Flora
Remove trees to facilitate the upgrade of electrical lines.
Grading
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
Interior
Bathroom Information
# of Full Baths: 1
# of 1/2 Baths: 1
# of Bathroom Fixtures: 10
Heating & Cooling
Air Conditioning Type: Central
Heating Type: Warm Air
Fireplace Information
# of Fireplaces: 1
Fireplace Type: Masonry
Has Fireplace
Exterior
Exterior Information
Physical Condition: Average
Construction Type: Brick
Building Type: Single Family
Pool Information
Pool Type: Above Ground
Has Pool
Property Information
Subdivision Name: LANTERN HILLS SEC 4
Living Sq. Ft: 2,417
Adjusted Gross Sq. Ft: 2,417
Ground Floor Sq. Ft: 2,417
Building Sq. Ft: 2,901
# of Stories: 1
Legal Description: LANTERN HILLS 4TH SEC L108
Parking & Garage Information
# of Parking Spaces: 1
Parking Type: Attached Garage
Garage/Parking Sq. Ft: 484
Garage / Carport Type: Attached
Lot Information
# of Buildings: 1
Land Sq. Ft: 30,623
Legal Lot Number: 108
Municipality Name: LAWRENCE,OUTSIDE
Acres: 0.703
Depth Footage: 175
Front Footage: 175
County Use Description: ONE FAMILY DWLG ON PLAT LOT
Location Information
Parcel Location Influence: Extra Front
Financial
Assessor Information
Assessment Year: 2025
Public facts
Beds: —
Baths: 1.5
Sq. Ft.: 2,417
Stories: 1.0
Lot Size: 0.7 acres
Style: Single Family Residential
Year Built: 1966
Year Renovated: 1966
County: Marion County
APN: 490130110001000400
Home facts updated by county records on Jul 29, 2026
Around this home
Schools
Crestview Elementary School
Public 1-6 • Assigned • 1.1mi
5/10
Fall Creek Valley Middle School
Public 7-8 • Assigned • 1.6mi
4/10
Lawrence North High School
Public 9-12 • Assigned • 1.4mi
5/10
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, 18 days in 30 years
2/10 Wind Factor
0% 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 • 46256
Average low and high temperatures (°F)
32
17
41
25
60
39
68
47
71
53
83
65
87
71
81
63
81
58
70
47
53
38
41
27
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.8 hours in
June and 3.3 hours in December, placing it below the
U.S. average for solar exposure.
9.8 hrs
3.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$364,000 – $441,000
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