7039 Lantern Rd Indianapolis, IN 46256
I-69 Fall Creek NeighborhoodEstimated payment $2,703/month
Highlights
- 1.01 Acre Lot
- Ranch Style House
- Corner Lot
- Mature Trees
- 2 Fireplaces
- No HOA
About This Home
Looking for an opportunity all while making superb living choice? This is an executive ranch home which was the model home when Lantern Hills was developed in 1961. It is situated on a sweeping 1+ acre lot beautifully adorned by magnolia trees, roses of Sharon, tiger lilies, black eyed Susans... Peaceful secluded back yard has a 6 ft. privacy fence. When you visit, STOP...listen. It's quiet...just birds and the breeze. Almost 2400 sq.ft. on the main level with an additional 1200 sq.ft finished basement featuring a gas log fireplace and half bath. This home is fastidiously clean!! Here is the best part. Every dollar put in yields more back in return.... potentially increase value to as much as $650,000. I have a detailed analysis I can show you. The roof has plenty of life left. The Electric is upgraded to modern 200 amp service, The HVAC is new yesterday. Newer Asphalt Driveway. 3 bedrooms, 2.5 baths with huge rooms 25 x 15 living room, superb natural ambient light on sunny days. The gas log fire place is ideally centered in the living room, offering natural focal balance and easy furniture placement--something often missing in newer floor plans. A screened porch for relaxing evenings. The kitchen, while original, is ready for modern updates and will add value. It has a great pantry set up...4 wall closets. This Property offers one of the best returns on investment and has a timeless layout ready for modern updates that will easily add value. An analysis and vetted contractor list is available. This is a fleeting opportunity to make a superb living decision to own a a mid-century modern home in a quiet healthy market. Come see it on this sunny day....you'll feel what makes this home special.
Open House Schedule
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Thursday, October 09, 20254:00 to 7:00 pm10/9/2025 4:00:00 PM +00:0010/9/2025 7:00:00 PM +00:00This is a fleeting moment. You want an opportuni that makes sense, cents and dollars. This is it. New updated 200 amp service, New HVAC as of yesterday. Every dollar you put in you make money on it....This is an executive approximately 2400 sf executive ranch on a majestic sweeping 1 acre lot. in Lantern Hills. A 1200 sf fin. basmnt with gas fplc and 1/2 ba. Newer asphalt driveway. 3 br, 2.5 ba on main with large dining room and huge living rm with gas log fplc. I have the comps and the costAdd to Calendar
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 | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/05/2025 10/05/25 | Price Changed | $429,001 | -0.2% | $120 / Sq Ft |
| 10/05/2025 10/05/25 | Price Changed | $429,900 | 0.0% | $120 / Sq Ft |
| 10/04/2025 10/04/25 | Price Changed | $429,901 | 0.0% | $120 / Sq Ft |
| 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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