7039 Lantern Rd Indianapolis, IN 46256
I-69 Fall Creek NeighborhoodEstimated payment $2,699/month
Highlights
- 1.01 Acre Lot
- Ranch Style House
- Corner Lot
- Mature Trees
- 2 Fireplaces
- No HOA
About This Home
Looking for a project. This is an executive ranch home which was the model home when Lantern Hills was developed beginning in 1961. It is situated on a sweeping 1.04 acre lot beautifully adorned by magnolia trees, roses of Sharon, tiger lilies, black eyed Susans...etc. Back yard has a 6 ft. privacy fence. When you go to see it, STOP...listen. It's quiet. No I-465 noise, no I-69 noise...just birds and the wind. Almost 2400 sq.ft. on the main level and a 1200 sq.ft finished basement with a gas log fire place and a half bath. It is "move in" livable condition condition right now. Put your stuff, put your kids, or you're your man cave in th. Every dollar put in yields more back in return. I have a detailed analysis to show you that truth. I have prices and vetted contractors who do a day's work for a day's pay and are skilled, if you want to do that. The electric has been updated to modern 200 amp service, we have cleaned up the crawl space. The HVAC is old but has been timely and meticulously serviced, maintained, inspected and are working just fine. 3 bedrooms, 2.5 baths with huge rooms, superb natural ambient light on sunny days. The very large 15 x 22 living room has a gas log fire place, actually located and centered where fireplaces should be allowing normal furniture placement and normal layout usage. A screened porch, but the back yard cries for a deck with the perfect place to put it. The kitchen is of course dated but lays out beautifully and has a superior pantry set up. The entry way is graceful with clay terra cotta tile floor which extends into the kitchen and is in superb condition. It can be left or beautifully worked into any updating scheme. A great panty (look in back entry wall, 4 cabinets). The roof has plenty of life left on it. This is a fleeting opportunity to make a superb living decision. Come see it on a sunny day and see what I am talking about. Info on the counter to review regarding the health of our market,its' very healthy
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,042
Year Built
- Built in 1961
Lot Details
- 1.01 Acre Lot
- Corner Lot
- Mature Trees
Parking
- 2 Car Attached Garage
Home Design
- Ranch Style House
- Brick Exterior Construction
- Block Foundation
Interior Spaces
- 2 Fireplaces
- Gas Log Fireplace
- Pull Down Stairs to Attic
Kitchen
- Breakfast Area or Nook
- Eat-In Kitchen
- Electric Oven
- Electric Cooktop
- Microwave
- Dishwasher
- Disposal
Flooring
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 3 Bedrooms
Finished Basement
- Sump Pump
- Laundry in Basement
Utilities
- Forced Air Heating and Cooling System
- Gas Water Heater
Additional Features
- Screened Patio
- Suburban Location
Community Details
- No Home Owners Association
- Lantern Hills Subdivision
Listing and Financial Details
- Legal Lot and Block 116 / 1st
- Assessor Parcel Number 490130101001000400
Map
Home Values in the Area
Average Home Value in this Area
Tax History
Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
---|---|---|---|---|
2024 | $5,121 | $457,800 | $84,600 | $373,200 |
2023 | $5,121 | $436,800 | $84,600 | $352,200 |
2022 | $4,779 | $404,200 | $84,600 | $319,600 |
2021 | $4,496 | $369,600 | $47,400 | $322,200 |
2020 | $3,870 | $310,900 | $47,400 | $263,500 |
2019 | $3,335 | $301,600 | $47,400 | $254,200 |
2018 | $3,373 | $305,100 | $47,400 | $257,700 |
2017 | $3,199 | $288,900 | $47,400 | $241,500 |
2016 | $3,111 | $281,300 | $47,400 | $233,900 |
2014 | $2,664 | $256,700 | $47,400 | $209,300 |
2013 | $2,647 | $254,800 | $47,400 | $207,400 |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
09/25/2025 09/25/25 | Price Changed | $429,900 | 0.0% | $120 / Sq Ft |
09/25/2025 09/25/25 | Price Changed | $429,901 | 0.0% | $120 / Sq Ft |
09/25/2025 09/25/25 | For Sale | $429,900 | 0.0% | $120 / Sq Ft |
09/07/2025 09/07/25 | Pending | -- | -- | -- |
09/06/2025 09/06/25 | Price Changed | $429,900 | 0.0% | $120 / Sq Ft |
09/06/2025 09/06/25 | Price Changed | $429,901 | 0.0% | $120 / Sq Ft |
09/05/2025 09/05/25 | Price Changed | $429,901 | -2.3% | $120 / Sq Ft |
09/04/2025 09/04/25 | Price Changed | $439,901 | 0.0% | $123 / Sq Ft |
09/04/2025 09/04/25 | Price Changed | $439,900 | 0.0% | $123 / Sq Ft |
09/03/2025 09/03/25 | Price Changed | $439,901 | 0.0% | $123 / Sq Ft |
08/31/2025 08/31/25 | Price Changed | $439,900 | 0.0% | $123 / Sq Ft |
08/30/2025 08/30/25 | Price Changed | $439,901 | 0.0% | $123 / Sq Ft |
08/28/2025 08/28/25 | Price Changed | $439,900 | -4.3% | $123 / Sq Ft |
08/20/2025 08/20/25 | Price Changed | $459,900 | -4.2% | $128 / Sq Ft |
08/09/2025 08/09/25 | For Sale | $480,000 | -- | $134 / Sq Ft |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22047892

APN: 49-01-30-101-001.000-400
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