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$429,901 -

7039 Lantern Road Indianapolis IN 46256

3
Bedrooms
3
Baths
N/A
SQ. Feet
(Above Ground)
1.01
Acres

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.

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Property Details

Price: $429,901 Previously: $429,901 Originally: $480,000 Bedrooms: 3 Bathrooms: 3.00 MLS #: 22047892 Year Built: 1961 Township: Lawrence Sq. Ft Total: 3,589 Type: Residential Zip Code: 46256 City: Indianapolis Subdivision: Lantern Hills County: Marion School District: MSD Lawrence Township

Interior Features

Interior Features:
  • Appliances: Electric Cooktop, Dishwasher, Disposal, Gas Water Heater, Microwave, Electric Oven, Refrigerator
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas

Exterior Features

Exterior Features:
  • Setting / Lot Description: Corner Lot, Storm Sewer, Suburb, Mature Trees, See Remarks
  • Porch: Covered, Screened
  • # Acres: 1.01

Listing Office: Moores Realty

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All information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties that a consumer may be interested in purchasing. All Information believed to be reliable but not guaranteed and should be independently verified. © 2025 MIBOR Broker Listing Cooperative®. All rights reserved.

Listing information last updated on October 19th, 2025 at 8:25pm EDT.

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