Google street view image for 7828 Lantern Rd, Indianapolis, IN 46256

OFF MARKET

$507,906

•

1 ba

•

1,974

sq ft

7828 Lantern Rd, Indianapolis, IN 46256

About this home

7828 Lantern Rd is a 1,974 square foot house on a 8.14 acre lot with 3 bedrooms and 1 bathroom. Based on Redfin's Indianapolis data, we estimate the home's value is $507,906.

Single-familyProperty Type

1959Year Built

8.14 acresLot Size

$257Est. Price/Sq.Ft.

Source:Public Records

Redfin Estimate

$507,906

$1,000 since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 53% higher than the average sale price ($332K) of 6 comparable homes.

SOLD AUG 10, 2026
$216,000
A
2 beds2 baths1,914 sq ft
8275 Red Bud Ln, Indianapolis, IN 46256
SOLD MAY 1, 2026
$320,000
B
3 beds2 baths2,000 sq ft
8605 E 86th St, Indianapolis, IN 46256
SOLD JUN 18, 2026
$416,000
C
3 beds2.5 baths2,339 sq ft
8853 Briarclift Rd, Indianapolis, IN 46256
SOLD JUL 28, 2026
$365,000
D
3 beds2 baths1,874 sq ft
10002 Sumac Ln, Indianapolis, IN 46236
SOLD JUL 31, 2026
$320,000
E
2 beds2 baths2,212 sq ft
8295 Red Bud Ln, Indianapolis, IN 46256
SOLD JUN 25, 2026
$355,000
F
3 beds2 baths2,092 sq ft
7711 Warbler Way, Indianapolis, IN 46256

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Earn from this home

Sell

$476,667

Est. take-home

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Rent

$2,311/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

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4 beds4.5 baths5,642 sq ft
9451 Timber Crest Ln, Indianapolis, IN 46256
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8135 Richardt Ave, Indianapolis, IN 46256
$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 TODAY, 12PM TO 2PM
$300,000
3 beds2 baths1,506 sq ft
7667 Wickfield Way, Indianapolis, IN 46256
3D WALKTHROUGH
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OPEN TODAY, 1PM TO 3PM
$415,000
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3 beds2.5 baths2,108 sq ft
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3D WALKTHROUGH
$389,900
3 beds2 baths3,276 sq ft
10933 Geist Woods South Dr, Indianapolis, IN 46256
See all

Provided by Redfin

Sale history for 7828 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

$4,588 (−3.1%)

$84,200 + $320,800

$405,000

2024

$4,735 (+1.9%)

$84,200 + $302,700

$386,900

2023

$4,646 (−44.6%)

$84,200 + $302,700

$386,900

2022

$8,393 (+4.6%)

$84,200 + $290,500

$374,700

2021

$8,025 (+12.5%)

$84,200 + $262,900

$347,100

2020

$7,135 (+102.5%)

$84,200 + $262,900

$347,100

2019

$3,524 (+12.1%)

$84,200 + $219,600

$303,800

2018

$3,145 (−2.1%)

$84,200 + $210,700

$294,900

2017

$3,211 (+2.4%)

$84,200 + $178,400

$262,600

2016

$3,137 (+5.3%)

$84,200 + $178,400

$262,600

2015

$2,980 (−0.9%)

$84,200 + $171,800

$256,000

2014

$3,006 (+4.1%)

$84,200 + $170,400

$254,600

2013

$2,887

$84,200 + $178,800

$263,000

Tax history for 7828 Lantern Rd

Year

Property tax

Land + Additions

Assessment*

2025

$4,588 (−3.1%)

$84,200 + $320,800

$405,000

2024

$4,735 (+1.9%)

$84,200 + $302,700

$386,900

2023

$4,646 (−44.6%)

$84,200 + $302,700

$386,900

2022

$8,393 (+4.6%)

$84,200 + $290,500

$374,700

2021

$8,025 (+12.5%)

$84,200 + $262,900

$347,100

2020

$7,135 (+102.5%)

$84,200 + $262,900

$347,100

2019

$3,524 (+12.1%)

$84,200 + $219,600

$303,800

2018

$3,145 (−2.1%)

$84,200 + $210,700

$294,900

2017

$3,211 (+2.4%)

$84,200 + $178,400

$262,600

2016

$3,137 (+5.3%)

$84,200 + $178,400

$262,600

2015

$2,980 (−0.9%)

$84,200 + $171,800

$256,000

2014

$3,006 (+4.1%)

$84,200 + $170,400

$254,600

2013

$2,887

$84,200 + $178,800

$263,000

*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

Property details

Interior

Basement Information
Basement Sq. Ft: 1,600
Basement Type: Partial

Bathroom Information
# of Full Baths: 1
# of Bathroom Fixtures: 9

Heating & Cooling
Heating Type: Warm Air

Fireplace Information
# of Fireplaces: 2
Fireplace Type: Masonry
Has Fireplace

Exterior

Exterior Information
Physical Condition: Average
Construction Type: Wood
Building Type: Single Family

Property Information
Living Sq. Ft: 1,974
Adjusted Gross Sq. Ft: 3,574
Ground Floor Sq. Ft: 1,974
Building Sq. Ft: 3,574
# of Stories: 1
Legal Description: PT NE1/4 S25 T17 R4 & PT NW1/4 S30 T17 R5 BEG 775'S & 200' W OF NE COR NE1/4 S25 T17 R4 E IRR1136.16' S 322.39' W 953' SW 513.45' NE IRR 526.83'TO BEG 8.138AC (7.756AC TAX)

Parking & Garage Information
Parking Type: Detached Garage
Garage/Parking Sq. Ft: 696
Garage / Carport Type: Detached

Lot Information
# of Buildings: 1
Land Sq. Ft: 354,491
Municipality Name: LAWRENCE,OUTSIDE
Acres: 8.138
County Use Description: 1 FAM DWLG ON UNPLAT 0-9.99AC

Financial

Assessor Information
Assessment Year: 2025

Public facts

Beds: 3
Baths: 1.0
Sq. Ft.: 1,974
Stories: 1.0
Lot Size: 8.14 acres
Style: Single Family Residential
Year Built: 1959
Year Renovated: 1972
County: Marion County
APN: 490225149002000400

Home facts updated by county records on Jul 29, 2026

Around this home

Schools

Crestview Elementary School

Public 1-6 • Assigned • 1.5mi

5/10

Fall Creek Valley Middle School

Public 7-8 • Assigned • 2.0mi

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, 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)

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

$483,000 – $585,000

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Home values near 7828 Lantern Rd

Data from public records.

Address	Redfin Estimate
7801 Lantern Road, Indianapolis, IN 4 Beds \| 4.5 Baths \| 6613 Sq. Ft.	$829,184
7805 Lantern Road, Indianapolis, IN 4 Beds \| 2.5 Baths \| 3068 Sq. Ft.	$609,894

Address	Redfin Estimate
7811 Lantern Road, Indianapolis, IN 3 Beds \| 2 Baths \| 2592 Sq. Ft.	$407,046
7902 Lantern Road, Indianapolis, IN 3 Beds \| 2.5 Baths \| 2429 Sq. Ft.	$420,436

Address	Redfin Estimate
7901 Lantern Road, Indianapolis, IN 3 Beds \| 3 Baths \| 3298 Sq. Ft.	$536,738
7850 Lantern Road, Indianapolis, IN - Beds \| 1.5 Baths \| 3040 Sq. Ft.	$517,520

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