Hard to find 8.19 acre wooded lot located within 25 minutes to downtown Indianapolis. This wonderful property has everything nature has to offer; 100+ year old trees, walking trails, rolling hills, flowing creek, wildlife, birds and even a zip line. Great opportunity to expand onto the existing Mid-Century Modern Ranch and enjoy the style and environment this home was originally created for or build your dream home while living in the existing 2 BR, 2 Full Bath home with finished walkout basement, open main level living area and 2 car garage. All public utilities are available to this property and the current home is connected to: Municipal Electricity & Sewers but current home is all electric and owners are on a private well for water.
Beautiful 8.19 acres of woods - hard to find in this area. House being sold "as is". Could be updated to create stunning 8 acre estate. Or could be divided to develop. Perfect for homes with walk-out basements. Motivated seller.
MIBOR as Distributed by MLS Grid #2568880
Nov 9, 2005
Listed
$325,000
$83/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$7,987 (−0.5%)
$146,600 + $513,600
$660,200
2024
$8,025 (−0.2%)
$146,600 + $481,700
$628,300
2023
$8,042 (+2.2%)
$146,600 + $481,700
$628,300
2022
$7,871 (+45.3%)
$146,600 + $462,400
$609,000
2021
$5,418 (+6.2%)
$146,600 + $199,400
$346,000
2020
$5,102 (+13.2%)
$146,600 + $199,400
$346,000
2019
$4,507 (+3.7%)
$146,600 + $165,800
$312,400
2018
$4,347 (−1.8%)
$146,600 + $156,300
$302,900
2017
$4,427 (+0.3%)
$146,600 + $142,300
$288,900
2016
$4,413 (+1.6%)
$146,600 + $142,300
$288,900
2015
$4,345 (+7.4%)
$146,600 + $141,800
$288,400
2014
$4,047 (+1.3%)
$146,600 + $140,700
$287,300
2013
$3,994
$146,600 + $132,600
$279,200
Tax history for 7460 Lantern Rd
Year
Property tax
Land + Additions
Assessment*
2025
$7,987 (−0.5%)
$146,600 + $513,600
$660,200
2024
$8,025 (−0.2%)
$146,600 + $481,700
$628,300
2023
$8,042 (+2.2%)
$146,600 + $481,700
$628,300
2022
$7,871 (+45.3%)
$146,600 + $462,400
$609,000
2021
$5,418 (+6.2%)
$146,600 + $199,400
$346,000
2020
$5,102 (+13.2%)
$146,600 + $199,400
$346,000
2019
$4,507 (+3.7%)
$146,600 + $165,800
$312,400
2018
$4,347 (−1.8%)
$146,600 + $156,300
$302,900
2017
$4,427 (+0.3%)
$146,600 + $142,300
$288,900
2016
$4,413 (+1.6%)
$146,600 + $142,300
$288,900
2015
$4,345 (+7.4%)
$146,600 + $141,800
$288,400
2014
$4,047 (+1.3%)
$146,600 + $140,700
$287,300
2013
$3,994
$146,600 + $132,600
$279,200
*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
4
Baths
3.5
Stories
1
Lot width
—
Lot depth
—
Lot size
7.19 Acres
Year renovated
1992
Sq. Ft.
3,904
Year built
1956
Style
Single Family Residential
County
Marion County
APN
490225146005000400
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 19, 2026.
DS
METRO
Dwelling Suburban District
The D-S District is intended for suburban areas of extreme topography, areas conducive to estate development, or areas where it is desirable to permit only low density development (such as adjacent to floodplains, aquifers, urban conservation areas, within the extended alignment of airport runways, etc.). Generous front yards with trees along roadways that follow the natural terrain of the land are envisioned for the D-S District. Estate development in a natural setting is the typical realization of the District. The D-S District provides for single-family residential lots consisting of at least one acre. A typical density for the D-S District is 0.4 units per gross acre. This District fulfills the lowest density residential classification of the Comprehensive General Land Use Plan. Development plans would likely use the cluster option when subdividing and 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.
Zone overlays
Metro Context Area
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Communications tower
Park & open space
Sep 5, 2023 • Final
Structural - one or two family
Remodel
Jul 8, 2022 • Final
Plumbing - 1-2 family
Install new drain lines and plumbing fixtures for the kitchen and bathrooms.
Bathroom
Kitchen
Plumbing
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
Public facts
Beds: 4
Baths: 3.5
Sq. Ft.: 3,904
Stories: 1.0
Lot Size: 7.19 acres
Style: Single Family Residential
Year Built: 1956
Year Renovated: 1992
County: Marion County
APN: 490225146005000400
Home facts updated by county records on Oct 19, 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 • 1.8mi
4/10
Lawrence North High School
Public 9-12 • Assigned • 1.3mi
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, 16 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
70
81
63
81
57
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
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