Skip to content

302 E Thompson Road

Indianapolis, IN 46227

ActiveListed Oct 1, 2026 · 1 day on market

Key facts

Beds
4
Baths
2 full
Living area
2,120 sqft
Lot
0.83 acres
Year built
1973
Type
Residential · Single Family Residence
Stories
One
Garage
2 spaces
MLS #
22128025
County
Marion
Subdivision
No Subdivision

About this home

Urban Homesteaders Take Note! .83 Acres Near Downtown with Major Upgrades Already Complete. If you've been searching for property with room to grow without giving up proximity to downtown convenience, this is it! Nestled on nearly an acre, this 4-bedroom, 2-bath home is a plant lover's dream featuring mature fruit trees, established grape vines, organic-conscious land management (zero seller chemical applications), and utility freedom with private well and septic. Step inside to find warm character, modern essential upgrades like brand-new 2025 HVAC and high-efficiency Andersen windows installed within the last two years (only 2 original remaining). A separate lower-level entrance provides seamless potential for multi-generational living, long-term guests, or income space (subject to requirements). A large 2-car detached garage with loft storage adds all the workshop/storage space you need. Bring your paintbrush and toolbelt to complete the final cosmetic touches and customize this home to your personal taste.

Description provided by the listing brokerage.

Interior

Appliances
DishwasherElectric Water HeaterElectric OvenRefrigerator
Interior features
Attic AccessWired for DataWoodWorkStain/Painted
Basement
FinishedWalk-Out Access
Windows
ScreensVinyl Windows
Rooms
9
Main-level bedrooms
3

Exterior

Patio and porch
PatioPorch
Construction
Aluminum Siding
Foundation
Block
Style
Ranch
Parking and garage
Detached
Other equipment
Smoke AlarmSump Pump

Systems

Heating
Forced AirNatural Gas
Cooling
Central Air
Water
WellPrivate
Utilities
Electricity ConnectedNatural Gas AvailableSeptic System

Lot and HOA

Lot features
Mature Trees

Schools

Elementary school
Abraham Lincoln Elementary School
Middle school
Perry Meridian Middle School
High school
Perry Meridian High School
School district
Perry Township Schools

Taxes

Estimated annual tax
$2,564 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$1,669per month, estimated
Principal and interest $1,361Property tax $214Insurance $94
20% · $53,980
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

Talk to a lender we trust
Talk to Roots

Want us to run the numbers with you?

Book a consultation and a Roots agent will help you pressure-test the payment, repairs, resale, and rent.

Listed at$269,900
Talk to Roots

Ready to plant roots in Indianapolis?

Book a consultation and a Roots agent will help you turn the next move into a real plan.