Google street view image for 7850 Lantern Rd, Indianapolis, IN 46256

OFF MARKET

$517,520

—

•

1.5 ba

•

3,040

sq ft

7850 Lantern Rd, Indianapolis, IN 46256

About this home

7850 Lantern Rd is a 3,040 square foot house on a 5.41 acre lot with 1.5 bathrooms. Based on Redfin's Indianapolis data, we estimate the home's value is $517,520.

Single-familyProperty Type

1960Year Built

5.41 acresLot Size

$170Est. Price/Sq.Ft.

Source:Public Records

Redfin Estimate

$517,520

$19K since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 49.5% higher than the average sale price ($346K) of 5 comparable homes.

SOLD AUG 10, 2026
$216,000
A
2 beds2 baths1,914 sq ft
8275 Red Bud Ln, Indianapolis, IN 46256
SOLD JUL 31, 2026
$320,000
B
2 beds2 baths2,212 sq ft
8295 Red Bud Ln, Indianapolis, IN 46256
SOLD AUG 27, 2026
$499,000
C
4 beds2.5 baths3,636 sq ft
9226 Gleannloch Dr, Indianapolis, IN 46256
SOLD JUN 10, 2026
$280,000
D
3 beds2 baths2,613 sq ft
8050 Murphy Ct, Indianapolis, IN 46256
SOLD JUN 18, 2026
$416,000
E
3 beds2.5 baths2,339 sq ft
8853 Briarclift Rd, Indianapolis, IN 46256

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Earn from this home

Sell

$485,730

Est. take-home

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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

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See all

Provided by Redfin

Sale history for 7850 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

$5,402 (−2.4%)

$121,000 + $317,400

$438,400

2024

$5,537 (−0.2%)

$121,000 + $297,600

$418,600

2023

$5,549 (+3.5%)

$121,000 + $297,600

$418,600

2022

$5,359 (+1.4%)

$121,000 + $285,700

$406,700

2021

$5,284 (+6.6%)

$121,000 + $240,900

$361,900

2020

$4,957 (+13.5%)

$121,000 + $240,900

$361,900

2019

$4,369 (+4.1%)

$121,000 + $207,100

$328,100

2018

$4,198 (−2.0%)

$121,000 + $198,700

$319,700

2017

$4,284 (+1.9%)

$121,000 + $186,800

$307,800

2016

$4,202 (+4.3%)

$121,000 + $186,800

$307,800

2015

$4,030 (+1.9%)

$121,000 + $179,800

$300,800

2014

$3,956 (+2.7%)

$121,000 + $178,800

$299,800

2013

$3,852

$121,000 + $185,200

$306,200

Tax history for 7850 Lantern Rd

Year

Property tax

Land + Additions

Assessment*

2025

$5,402 (−2.4%)

$121,000 + $317,400

$438,400

2024

$5,537 (−0.2%)

$121,000 + $297,600

$418,600

2023

$5,549 (+3.5%)

$121,000 + $297,600

$418,600

2022

$5,359 (+1.4%)

$121,000 + $285,700

$406,700

2021

$5,284 (+6.6%)

$121,000 + $240,900

$361,900

2020

$4,957 (+13.5%)

$121,000 + $240,900

$361,900

2019

$4,369 (+4.1%)

$121,000 + $207,100

$328,100

2018

$4,198 (−2.0%)

$121,000 + $198,700

$319,700

2017

$4,284 (+1.9%)

$121,000 + $186,800

$307,800

2016

$4,202 (+4.3%)

$121,000 + $186,800

$307,800

2015

$4,030 (+1.9%)

$121,000 + $179,800

$300,800

2014

$3,956 (+2.7%)

$121,000 + $178,800

$299,800

2013

$3,852

$121,000 + $185,200

$306,200

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Zoning

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

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: 2
Fireplace Type: Masonry
Has Fireplace

Exterior

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

Property Information
Living Sq. Ft: 3,040
Adjusted Gross Sq. Ft: 3,040
Ground Floor Sq. Ft: 3,040
Building Sq. Ft: 3,623
# of Stories: 1
Legal Description: PT NW1/4 NW1/4 S30 T17 R5 BEG 320FT N & 307.7FT NEOF SW COR NE 549FT SE 573.2FT SW ON CURVE229.96FT SW 741.16FT TO BEG (TRACT J) 5.41AC

Parking & Garage Information
# of Parking Spaces: 1
Parking Type: Attached Garage
Garage/Parking Sq. Ft: 919
Garage / Carport Type: Attached

Lot Information
# of Buildings: 1
Land Sq. Ft: 235,660
Municipality Name: LAWRENCE,OUTSIDE
Acres: 5.41
County Use Description: 1 FAM DWLG ON UNPLAT 0-9.99AC

Financial

Assessor Information
Assessment Year: 2025

Public facts

Beds: —
Baths: 1.5
Sq. Ft.: 3,040
Stories: 1.0
Lot Size: 5.41 acres
Style: Single Family Residential
Year Built: 1960
Year Renovated: 1960
County: Marion County
APN: 490130120008000400

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 • 2.1mi

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

$492,000 – $596,000

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Home values near 7850 Lantern Rd

Data from public records.

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

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

Address	Redfin Estimate
7901 Lantern Rd, Indianapolis, IN 3 Beds \| 3 Baths \| 3298 Sq. Ft.	$536,738
7828 Lantern Rd, Indianapolis, IN 3 Beds \| 1 Baths \| 1974 Sq. Ft.	$507,906

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