Acreage? Yes. Affordable? Yes. Still in the city? Yes!! Welcome home! Nestled on 1.19 acres, this secluded home is perfect for you. Home has gone under a meticulous renovation over the past 3 years. Step inside the family room, it has windows that reach nearly to floor to ceiling & lets in so much natural light. Open concept kitchen comes with tons of updates, new appliances, & skylights. Bathrooms have been completely updated, including new tile, tub, sinks & shower. Heated floors in the bathroom. Brand new furnace. 2023 Water heater, water softener included. Check out the back porch, perfect for entertaining or relaxing. Backyard is very large, whole property adds up to 1.19 acres making it one of the homes with the largest acreage in the area according to comps. Filled with mature trees & wildlife. Backyard also comes with a mini barn. Close to schools, parks, trails, shopping, Indian Lake, Geist, & many more fun places. Don't miss out on this beautiful property!!!
Single-familyProperty Type
1955Year Built
1.19 acresLot Size
$180Price/Sq.Ft.
2 car garageParking
Listed by Alexander Elston• United Real Estate Indpls
Bought with Perla Palma Nunez• Keller Williams Indy Metro Partners
Est. $1,851 per month, based on comparable rentals
Sale and tax history for 7315 Indian Lake Rd
Sale History
Tax History
Date
Event
Price
MIBOR as Distributed by MLS Grid #22094516
May 29, 2026
Sold
$322,000
$180/sq ft
Apr 28, 2026
Pending
—
Apr 10, 2026
Listed
$329,900
$184/sq ft
MIBOR as Distributed by MLS Grid #21943940
Oct 27, 2023
Sold
$269,900
$151/sq ft
Sep 26, 2023
Pending
—
Sep 25, 2023
Listed
$269,900
$151/sq ft
+44
Welcome to this charming stone ranch home in desirable Rainbow Highlands. This home offers 3 bedrooms, 2 bath, and a large utility room. The enclosed patio is a comfortable place to look at the serene backyard which includes a mini barn. The private backyard is surrounded by mature trees and best of all, there is no HOA! Situated close to Ft. Benjamin Harrison State Park, Geist, and shopping. Stop by and check out what this home has to offer!
Year
Property tax
Land + Additions
Assessment*
2025
$1,672 (−11.0%)
$14,700 + $142,900
$157,600
2024
$1,878 (+0.8%)
$14,700 + $146,200
$160,900
2023
$1,864 (−2.8%)
$14,700 + $146,200
$160,900
2022
$1,917 (−0.4%)
$14,700 + $146,200
$160,900
2021
$1,925 (−1.1%)
$22,000 + $134,100
$156,100
2020
$1,946 (+10.7%)
$22,000 + $134,100
$156,100
2019
$1,758 (+2.1%)
$22,000 + $134,300
$156,300
2018
$1,722 (+0.9%)
$22,000 + $134,300
$156,300
2017
$1,707 (+1.9%)
$22,000 + $129,900
$151,900
2016
$1,676 (+4.6%)
$22,000 + $129,900
$151,900
2015
$1,603 (+2.4%)
$22,000 + $127,300
$149,300
2014
$1,566 (−0.2%)
$22,000 + $129,800
$151,800
2013
$1,569
$22,000 + $127,200
$149,200
Public record
Public record
Zoning
Beds
3
Baths
1.5
Stories
1
Lot width
—
Lot depth
—
Lot size
1.19 Acres
Year renovated
1955
Sq. Ft.
1,488
Year built
1955
Style
Single Family Residential
County
Marion County
APN
490129120027000407
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 29, 2026.
D2
METRO
Dwelling District Two
The D-2 District is intended for use in suburban areas. Ample yards, trees and passive open spaces easily serving each individual lot are envisioned for this District. The D-2 District has a typical density of 1.9 units per gross acre. Two-family dwellings are permitted on corner lots in this District. This District fulfills the lowest density recommendation of the Comprehensive General Land Use Plan. Public water and sewer facilities must be present. Development plans, which may include the use of clustering, should incorporate and promote environmental and aesthetic considerations, working within the constraints and advantages presented by existing site conditions, including vegetation, topography, drainage and wildlife.
Zone overlays
Metro Context Area
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Housing-Multiple units
Communications tower
Park & open space
Property details
Parking
Parking Information
Garage SqFt: 480
Parking Features: Attached
Garage Spaces: 2
Has Garage
Interior
Interior Sq. Ft. Information
Building Area Total: 1792
Living Area: 1792
Main Level Sq. Ft.: 1792
Upper Level Sq. Ft.: 0
Bedroom Information
# of Bedrooms Main: 3
Beds MU: 3
Bedrooms MU: 3
Bathroom Information
# of Full Baths (Total): 2
# of Full Baths (Main): 2
Full Baths MU: 2
Full Bathrooms MU: 2
Room 1 Information
Room Dimensions: 11 x 11
Room Level: Main
Room 2 Information
Room Type: Bedroom 2
Room Dimensions: 10.6 x 13.6
Room Level: Main
Room 3 Information
Room Type: Bedroom 3
Room Dimensions: 10 x 12
Room Level: Main
Room 4 Information
Room Type: Living Room
Room Dimensions: 13.6 x 21.6
Room Level: Main
Room 5 Information
Room Type: Dining Room
Room Dimensions: 11.7 x 12.6
Room Level: Main
Room 6 Information
Room Type: Kitchen
Room Dimensions: 10 x 14.8
Room Level: Main
Room 7 Information
Room Type: Utility Room
Room Dimensions: 7 x 12.4
Room Level: Main
Room 8 Information
Room Type: Sun Room
Room Dimensions: 19 x 16
Room Level: Main
Room 9 Information
Room Type: Foyer
Room Features: Other
Room Dimensions: 4 x 5
Room Level: Main
Other Rooms Information
Rooms Upper: 0
Rooms Main: 8
Rooms Basement: 0
# of Rooms: 8
Fireplace Information
# of Fireplaces: 1
Fireplace Features: Free Standing, Living Room, Other
Heating & Cooling
Heating Information: Natural Gas
Cooling Information: Central Air
Interior Features
Interior Features: Attic Pull Down Stairs, Hardwood Floors, Eat-in Kitchen
Appliances: Dishwasher, Dryer, Microwave, Electric Oven, Washer, Water Heater
Exterior
Exterior Features
Patio And Porch Features: Deck, Glass Enclosed
Exterior Features: Barn Mini
Farm Information
Horse Amenities: None
Property Information
Property Type: Residential
Attached Property
Property Sub Type: Single Family Residence
Land Information
Acres: 1-3 Acres
Lot Information
Lot Size Acres: 1.19
Utilities
Utility Information
Utility Prim Sewage Disp: Municipal Sewer Connected