Skip to content

520 Thompson Lane

Mitchell, IN 47446

ActiveListed Oct 31, 2026 · 1 day on market

Key facts

Beds
2
Baths
3 full
Living area
1,600 sqft
Lot
12.12 acres
Year built
2020
Type
Residential · Single Family Residence
Stories
Two
Garage
3 spaces
MLS #
22134425
County
Lawrence
Subdivision
No Subdivision

About this home

Room to unwind, space to create, and 12 wooded acres to call your own! This barndominium offers approximately 1,600 square feet of finished living space with 2 bedrooms and 3 bathrooms, plus an impressive 3,000-square-foot garage and approximately 900 square feet of unfinished space planned as an apartment. Inside, vaulted ceilings and exposed wood beams bring warmth and character to the open living area. The kitchen features contrasting cabinetry, granite countertops, and island seating that keeps everyone connected. The spacious primary bedroom opens directly to the covered porch, while the bathroom features a large tiled walk-in shower and separate soaking tub. A walk-in closet and laundry room with cabinetry and a utility sink add everyday convenience. Outside, the expansive covered porch invites you to slow down and enjoy the wooded surroundings. The garage offers exceptional room for vehicles, equipment, storage, and hobbies, while the unfinished apartment area provides an opportunity to customize additional space to suit your needs. With a blend of comfortable living, generous workspace, and room to explore, this property offers possibilities well beyond the ordinary. Schedule your showing and see it for yourself!

Description provided by the listing brokerage.

Price history

Every listing, price change and sale we have on record for this home.

DateEventPrice$/sq ft
Listed for sale$499,000$312 / sq ft

Properties displayed may be listed or sold by various participants in the MLS.

Information deemed reliable but is not guaranteed accurate.

© 2026 MIBOR REALTOR® Association

Based on information submitted to the Broker Listing Cooperative listing service as of November 1, 2026

Estimate your monthly payment

$3,106per month, estimated
Principal and interest $2,515Property tax $416Insurance $175
20% · $99,800
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax at 1.0% of price (Indiana homestead-capped at 1%), 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
Address
520 Thompson Lane, Mitchell, IN 47446
County
Lawrence
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$499,000
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.