Google street view image for 7550 Lantern Rd, Indianapolis, IN 46256

OFF MARKET

$508,677

•

2,184

sq ft

7550 Lantern Rd, Indianapolis, IN 46256

About this home

7550 Lantern Rd is a 2,184 square foot house on a 5.04 acre lot with 4 bedrooms and 3 bathrooms. Based on Redfin's Indianapolis data, we estimate the home's value is $508,677.

Single-familyProperty Type

1960Year Built

5.04 acresLot Size

$233Est. Price/Sq.Ft.

2 spacesParking

Source:Public Records

$529,283

Updated Aug 15, 2026

Based on recent home sales selected by the homeowner.

SOLD JUN 18, 2026
8853 Briarclift Rd, Indianapolis, IN 46256
$416,000 Last sold price
A
3 beds2.5 baths2,339 sq ft
8853 Briarclift Rd, Indianapolis, IN 46256
OFF MARKET
8950 Carriage Ln, Indianapolis, IN 46256
Unknown Last sold price
B
— beds1.5 baths2,028 sq ft
8950 Carriage Ln, Indianapolis, IN 46256
Source: Public Records
SOLD JUN 22, 2026
7321 Tousley Dr, Indianapolis, IN 46256
$385,000 Last sold price
C
3 beds2.5 baths2,112 sq ft
7321 Tousley Dr, Indianapolis, IN 46256
SOLD MAY 19, 2026
7835 Scarborough Blvd South Dr, Indianapolis, IN 46256
$345,000 Last sold price
D
4 beds2.5 baths2,032 sq ft
7835 Scarborough Blvd South Dr, Indianapolis, IN 46256
SOLD JUN 22, 2026
7905 Scarborough Blvd South Dr, Indianapolis, IN 46256
$349,900 Last sold price
E
4 beds2.5 baths2,061 sq ft
7905 Scarborough Blvd South Dr, Indianapolis, IN 46256

Redfin Estimate

$508,677

$0 since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 17.2% higher than the average sale price ($434K) of 5 comparable homes.

SOLD JUL 6, 2026
$389,000
A
4 beds2.5 baths3,589 sq ft
7225 Westminster Dr, Indianapolis, IN 46256
SOLD JUN 26, 2026
$409,900
B
4 beds3 baths2,752 sq ft
8005 Hilltop Ln, Indianapolis, IN 46256
SOLD JUN 11, 2026
$443,000
C
4 beds3 baths2,932 sq ft
8836 Briarclift Rd, Indianapolis, IN 46256
SOLD AUG 27, 2026
$499,000
D
4 beds2.5 baths3,636 sq ft
9226 Gleannloch Dr, Indianapolis, IN 46256
SOLD MAY 19, 2026
$430,000
E
4 beds3 baths3,350 sq ft
8036 Bittern Ln, Indianapolis, IN 46256

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Earn from this home

Sell

$477,394

Est. take-home

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Rent

$2,357/mo

Redfin rental estimate

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Market trends in 46256, IN

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

99.2%

0.1% MoM

Median sale price

$321K

$2K MoM

Avg. days on market

16d

0 days MoM

Recently sold homes

119

2 MoM

New listings for sale

NEW 14 HRS AGO
$295,000
3 beds2 baths1,595 sq ft
8135 Richardt St, Indianapolis, IN 46256
NEW 34 HRS AGO
$285,000
3 beds2 baths1,744 sq ft
7735 Cardinal Cv S, Indianapolis, IN 46256
3D WALKTHROUGH
$735,000
4 beds3.5 baths4,252 sq ft
9118 Sand Key Ln, Indianapolis, IN 46256
OPEN SAT, 12PM TO 2PM
$300,000
3 beds2 baths1,506 sq ft
7667 Wickfield Way, Indianapolis, IN 46256
3D WALKTHROUGH
$1,000,000
4 beds3.5 baths3,948 sq ft
10707 Compass Ct, Indianapolis, IN 46256
OPEN SAT, 1PM TO 3PM
$415,000
3 beds2 baths2,036 sq ft
9020 Pinecreek Ct, Indianapolis, IN 46256
$324,900
3 beds2.5 baths2,108 sq ft
9157 Harrison Run Pl, Indianapolis, IN 46256
$345,000
3 beds2.5 baths1,816 sq ft
7730 Hollow Ridge Cir, Indianapolis, IN 46256
3D WALKTHROUGH
$389,900
3 beds2 baths3,276 sq ft
10933 Geist Woods South Dr, Indianapolis, IN 46256
OPEN FRI, 3PM TO 5PM
$320,000
4 beds2 baths1,802 sq ft
7105 Hague Rd, Indianapolis, IN 46256
See all

Provided by Redfin

Sale history for 7550 Lantern Rd

As the MLS and public records start to fill up, we'll list the details here.

Year

Property tax

Land + Additions

Assessment*

2025

$5,692 (−7.1%)

$106,000 + $366,100

$472,100

2024

$6,127 (−14.0%)

$106,000 + $373,700

$479,700

2023

$7,123 (+3.5%)

$106,000 + $373,700

$479,700

2022

$6,884 (+0.9%)

$106,000 + $358,700

$464,700

2021

$6,824 (+9.6%)

$106,000 + $306,300

$412,300

2020

$6,226 (+12.8%)

$106,000 + $306,300

$412,300

2019

$5,521 (+8.2%)

$106,000 + $264,000

$370,000

2018

$5,103 (−3.1%)

$106,000 + $253,300

$359,300

2017

$5,265 (+2.6%)

$106,000 + $234,500

$340,500

2016

$5,132 (+3.2%)

$106,000 + $234,500

$340,500

2015

$4,974 (+3.9%)

$106,000 + $225,800

$331,800

2014

$4,789 (+4.7%)

$106,000 + $227,500

$333,500

2013

$4,575

$106,000 + $234,700

$340,700

Tax history for 7550 Lantern Rd

Year

Property tax

Land + Additions

Assessment*

2025

$5,692 (−7.1%)

$106,000 + $366,100

$472,100

2024

$6,127 (−14.0%)

$106,000 + $373,700

$479,700

2023

$7,123 (+3.5%)

$106,000 + $373,700

$479,700

2022

$6,884 (+0.9%)

$106,000 + $358,700

$464,700

2021

$6,824 (+9.6%)

$106,000 + $306,300

$412,300

2020

$6,226 (+12.8%)

$106,000 + $306,300

$412,300

2019

$5,521 (+8.2%)

$106,000 + $264,000

$370,000

2018

$5,103 (−3.1%)

$106,000 + $253,300

$359,300

2017

$5,265 (+2.6%)

$106,000 + $234,500

$340,500

2016

$5,132 (+3.2%)

$106,000 + $234,500

$340,500

2015

$4,974 (+3.9%)

$106,000 + $225,800

$331,800

2014

$4,789 (+4.7%)

$106,000 + $227,500

$333,500

2013

$4,575

$106,000 + $234,700

$340,700

*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

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

Jul 26, 2004 • Active

Right of way permit-excavation

Perform ditching work on the west side of the road. This project includes a road closure and a detour.

Grading

Jul 19, 2004 • Active

Right of way permit-excavation

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

Basement Information
Basement Sq. Ft: 1,204
Basement Type: Full

Bathroom Information
# of Full Baths: 1
# of 1/2 Baths: 1
# of Bathroom Fixtures: 10

Heating & Cooling
Heating Type: Warm Air

Fireplace Information
# of Fireplaces: 1
Fireplace Type: Masonry
Has Fireplace

Exterior

Exterior Information
Physical Condition: Average
Construction Type: Stone/Rock
Building Type: Single Family

Property Information
Living Sq. Ft: 2,184
Adjusted Gross Sq. Ft: 3,388
Ground Floor Sq. Ft: 1,204
Building Sq. Ft: 3,940
# of Stories: 1.5
Legal Description: PT SE1/4 NE1/4 S25 T17 R4 BEG 71' N OF SE COR W298.85' N 30' NW 534.1' NE IRR 251.33' E IRR484.68' N 15' SE IRR APPROX 141' NE 92.45' E71.42' S 363.33' TO BEG 5.039AC (4.37AC TAX)

Parking & Garage Information
# of Parking Spaces: 1
Parking Type: Attached Garage
Garage/Parking Sq. Ft: 552
Garage / Carport Type: Attached

Lot Information
# of Buildings: 1
Land Sq. Ft: 219,499
Municipality Name: LAWRENCE,OUTSIDE
Acres: 5.039
County Use Description: 1 FAM DWLG ON UNPLAT 0-9.99AC

Financial

Assessor Information
Assessment Year: 2025

Public facts

Beds: 4
Baths: 2.5
Sq. Ft.: 2,184
Stories: 1.5
Parking Spaces: 2
Basement: Yes
Accessible: No
Lot Size: 5.04 acres
Style: Single Family Residential
Year Built: 1960
Year Renovated: 2004
County: Marion County
APN: 490225146008000400
HOA Dues: —
Garage: Yes
Features: Views

Home facts updated by owner on Jan 26, 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 • 1.2mi

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, 17 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)

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

$484,000 – $585,000

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Nearby similar homes

NEW 14 HRS AGO

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8135 Richardt St, Indianapolis, IN 46256

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8155 N Richardt Ave, Indianapolis, IN 46256

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New listings for sale in 46256

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NEW 34 HRS AGO

$285,000

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3D WALKTHROUGH

$735,000

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OPEN SAT, 12PM TO 2PM

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3D WALKTHROUGH

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OPEN SAT, 1PM TO 3PM

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9157 Harrison Run Pl, Indianapolis, IN 46256

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3D WALKTHROUGH

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Home values near 7550 Lantern Rd

Data from public records.

Address	Redfin Estimate
7545 Lantern Road, Indianapolis, IN 5 Beds \| 3 Baths \| 3900 Sq. Ft.	$322,462
8806 Lantern Lane, Indianapolis, IN - Beds \| 1.5 Baths \| 3213 Sq. Ft.	$399,074

Address	Redfin Estimate
7429 Lantern Road, Indianapolis, IN - Beds \| 1.5 Baths \| 2042 Sq. Ft.	$448,515
8825 Lantern Lane, Indianapolis, IN - Beds \| 1.5 Baths \| 2033 Sq. Ft.	$281,022

Address	Redfin Estimate
7460 Lantern Road, Indianapolis, IN 4 Beds \| 3.5 Baths \| 3904 Sq. Ft.	$391,986
7419 Lantern Road, Indianapolis, IN - Beds \| 1.5 Baths \| 2584 Sq. Ft.	$313,300

This data may not show owner updates. Learn more.

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