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7550 Lantern Rd; Indianapolis, IN Property Details

7550 Lantern Rd, Indianapolis, IN is a Single Family that was built in 1960. This property is currently Financed and is not for sale. Our records show that 7550 Lantern Rd has 1.5 bathrooms, and a total of 2,184 square feet. The lot size of 7550 Lantern Rd is 219,499 square feet.

Off market  •   Pre Probate ✓
7550 Lantern Rd Indianapolis, IN 46256
$472,100 Estimated Value
1.5 Baths
2,184 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1960
  • Purchase Price: $8,375,000
  • Est. Equity / %: $471,000 / 100%
  • Gross Yield: 12.899%
  • APN: 49-02-25-146-008.000-400
  • Situs County: Marion
  • Length Of Ownership: 10 years, 8 months

Rooms

  • Bathrooms: 1.5
  • Full Bathrooms: 1
  • Partial Bathrooms: 1

Structure

  • Building Style: Stone
  • Stories: 1.5
  • Building Condition: Average
  • Building Quality: B
  • Roof Cover Type: Asphalt
  • Sewer Type: None
  • Water Source: None
  • Attic: true

Measurements

  • Total: 2,184/SqFt
  • Lot: 219,499/SqFt
  • Attic: 720/SqFt
  • Gross: 3,940/SqFt
  • Garage: 552/SqFt
  • Living: 2,184/SqFt
  • Basement: 1,204/SqFt
  • Building: 3,940/SqFt
  • Ground: 1,824/SqFt
  • Attic Finished: 360/SqFt
  • Price Per Square Foot: $3834.71

Legal Description

  • 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)
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: AE / High Risk
  • School District: Lawrence Township Metropolitan School District
  • Lat / Lon: 39.891216 / -86.01442
  • Property Class: Residential
  • County Use Code: 511

Amenities

  • Plus Four: 2122
  • Bathroom Fixtures: 10
  • Cooling: None
  • Fireplaces: 1
  • Garage: Attached Garage
  • Heating: Central
  • Parking: 2

Ownership Info

7550 Lantern Rd has no associated ownership info
7550 Lantern Rd has no associated ownership info.

Taxes

7550 Lantern Rd has 10 associated Taxes items

7550 Lantern Rd, Indianapolis, IN pays taxes in Marion County, IN. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $472,100. The APN we've located for 7550 Lantern Rd is 49-02-25-146-008.000-400.

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Taxes
  • Assessed Value:  $472,100
  • Assessed Year:  2025
  • Assessed County:  Marion
  • APN:  49-02-25-146-008.000-400
  • Assessed Land Value:  106000
  • Market Land Value:  106000
  • Tax Amount:  5749.4
  • Tax Year:  2024
  • Market Value:  472100
  • Market Year:  2025

Tax History

7550 Lantern Rd has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $472,100 Land Value $106,000 Improvement Value $366,100 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value Land Value Improvement Value Tax Amount $5,749.4 Change Rate -0.192783% Assessed CR Tax Rate
Year 2023 Assessed Value $464,700 Land Value $106,000 Improvement Value $358,700 Tax Amount $7,122.5 Change Rate +0.034625% Assessed CR Tax Rate +0.015327%
Year 2022 Assessed Value $436,700 Land Value $106,000 Improvement Value $330,700 Tax Amount $6,884.14 Change Rate +0.008804% Assessed CR Tax Rate +0.015764%
Year 2021 Assessed Value $412,300 Land Value $106,000 Improvement Value $306,300 Tax Amount $6,824.06 Change Rate +0.158332% Assessed CR Tax Rate +0.016551%
Year 2020 Assessed Value $370,000 Land Value $106,000 Improvement Value $264,000 Tax Amount $5,891.28 Change Rate +0.133466% Assessed CR Tax Rate +0.015922%
Year 2019 Assessed Value $359,300 Land Value $106,000 Improvement Value $253,300 Tax Amount $5,197.58 Change Rate +0.01849% Assessed CR Tax Rate +0.014466%
Year 2018 Assessed Value $332,100 Land Value $106,000 Improvement Value $226,100 Tax Amount $5,103.22 Change Rate -0.030805% Assessed CR Tax Rate +0.015367%
Year 2017 Assessed Value $340,500 Land Value $106,000 Improvement Value $234,500 Tax Amount $5,265.42 Change Rate +0.058457% Assessed CR Tax Rate +0.015464%
Year 2016 Assessed Value $331,800 Land Value $106,000 Improvement Value $225,800 Tax Amount $4,974.62 Change Rate +0.038647% Assessed CR Tax Rate +0.014993%
Year 2014 Assessed Value $340,700 Land Value $106,000 Improvement Value $234,700 Tax Amount $4,789.52 Change Rate +0.038662% Assessed CR Tax Rate +0.014058%
Year 2013 Assessed Value $323,400 Land Value $106,000 Improvement Value $217,400 Tax Amount $4,611.24 Change Rate Assessed CR Tax Rate +0.014259%