Is a car needed in South Emerson, Indianapolis, IN?

As of early 2026, 91% of users say car is needed

Is parking easy in South Emerson, Indianapolis, IN?

As of early 2026, 85% of users say parking is easy

Do kids play outside in South Emerson, Indianapolis, IN?

As of early 2026, 84% of users say kids play outside

Is South Emerson, Indianapolis, IN dog-friendly?

As of early 2026, 82% of users say it's dog friendly

Are yards well-kept in South Emerson, Indianapolis, IN?

As of early 2026, 74% of users say yards are well-kept

Does South Emerson, Indianapolis, IN have sidewalks?

As of early 2026, 69% of users say there are sidewalks

Does South Emerson, Indianapolis, IN show holiday spirit?

As of early 2026, 68% of users say there's holiday spirit

Is South Emerson, Indianapolis, IN quiet?

As of early 2026, 62% of users say it's quiet

Are neighbors friendly in South Emerson, Indianapolis, IN?

As of early 2026, 50% of users say neighbors are friendly

Would people walk alone at night in South Emerson, Indianapolis, IN?

As of early 2026, 50% of users say people would walk alone at night

Is South Emerson, Indianapolis, IN walkable to grocery stores?

As of early 2026, 45% of users say it's walkable to grocery stores

Is there wildlife in South Emerson, Indianapolis, IN?

As of early 2026, 42% of users say there's wildlife

Is South Emerson, Indianapolis, IN walkable to restaurants?

As of early 2026, 35% of users say it's walkable to restaurants

Are the streets well-lit in South Emerson, Indianapolis, IN?

As of early 2026, 33% of users say streets are well-lit

Do residents of South Emerson, Indianapolis, IN plan to stay at least 5 years?

As of early 2026, 33% of users say they plan to stay for at least 5 years

Are there community events in South Emerson, Indianapolis, IN?

As of early 2026, 18% of users say there are community events

What is the estimated monthly payment for 4231 E Thompson Rd?

Based on a $209,900 list price with 20% down at today's rates, the estimated monthly payment for 4231 E Thompson Rd in Indianapolis, IN is approximately $1,339 (about $1,096 principal & interest, $168 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.

How does the list price for 4231 E Thompson Rd compare to homes in Indianapolis?

4231 E Thompson Rd in Indianapolis, IN is listed at $209,900, about 13% below the $242K median sale price in Indianapolis .

What do residents say about the South Emerson neighborhood?

Residents describe the South Emerson neighborhood in Indianapolis, IN as easy to park in, dog-friendly, and well-kept. Most residents say you need a car. See homes for sale in South Emerson, Indianapolis .

What are the closest schools to 4231 E Thompson Rd?

The closest schools to 4231 E Thompson Rd in Indianapolis, IN are Jeremiah Gray Kindergarten (Elementary), Jeremiah Gray-Edison Elementary School (rated 7/10), Southport 6th Grade Academy (Elementary/Middle, rated 6/10).

Does 4231 E Thompson Rd have air conditioning?

Yes, 4231 E Thompson Rd in Indianapolis, IN has air conditioning.

How big is the lot at 4231 E Thompson Rd?

The lot at 4231 E Thompson Rd in Indianapolis, IN is about 0.49 acres (21,344 sq ft).

FOR SALE

3D VIEW

0.49 ACRES

4231 E Thompson Rd
Indianapolis, IN 46237

South Emerson

4 Beds
1.5 Baths
1,800 sqft (on 0.49 acres)

$209,900

$219,900

Est. Mortgage $1,327/mo*

Get Pre-Qualified

$209,900

$219,900

Est. Mortgage $1,327/mo*

Get Pre-Qualified

4 Beds

1.5 Baths

1,800 sqft

(on 0.49 acres)

We estimate this home will sell faster than 88% nearby.

Home Highlights

Parking

Garage

Outdoor

Deck

Climate Control

Heating & Cooling

Price/Sqft

$117

Listed

57 days ago

Local Information

Map ViewExplore the area around 4231 E Thompson Rd.
Schools3 Elementary Schools2 Middle Schools1 High School
Shop & Eat

-- mins to

Commute Destination

About this House

Well-located mid-century home in the established South Emerson area offering convenience, space, and accessibility. This residence features a functional layout with comfortable living areas designed for everyday use. The main living space provides a welcoming flow into the dining area and kitchen, creating an efficient floor plan for both daily living and entertaining. Bedrooms are well-proportioned with adequate storage. A masonry fireplace adds character to the living area. Exterior includes a spacious lot with mature surroundings and off-street parking potential. Conveniently located near shopping, dining, schools, and major commuter routes including I-465 and I-70, this property offers strong accessibility and long-term potential in a well-established Indianapolis neighborhood.

We estimate this home will sell faster than 88% nearby.

Home Details for 4231 E Thompson Rd

Active Status
MLS Status: Active

Interior Features
Interior Details Basement: FinishedNumber of Rooms: 7Types of Rooms: Master Bedroom, Bedroom 2, Bedroom 3, Dining Room, Kitchen, Living Room
Beds & Baths Number of Bedrooms: 4Number of Bathrooms: 2Number of Bathrooms (full): 1Number of Bathrooms (half): 1
Dimensions and Layout Living Area: 1800 Square Feet
Appliances & Utilities Appliances: Gas Water Heater, Water Heater, Refrigerator, Range HoodRefrigerator
Heating & Cooling Heating: Forced Air,Natural GasHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Forced Air
Fireplace & Spa Number of Fireplaces: 1Fireplace: Wood Burning, Masonry, Living RoomHas a Fireplace
Gas & Electric Electric: Circuit Breakers
Windows, Doors, Floors & Walls Window: Wood Work Stained
Levels, Entrance, & Accessibility Stories: 1Levels: Tri-Level, One
View Has a ViewView: Trees/Woods
Security Security: Smoke Detector(s)

Exterior Features
Exterior Home Features Patio / Porch: DeckFoundation: Crawl Space
Parking & Garage Number of Garage Spaces: 2Number of Covered Spaces: 2No CarportHas a GarageNo Attached GarageParking Spaces: 2Parking: Detached
Farm & Range Horse Amenities: None

Days on Market
Cumulative Days on Market: 56Days on Market: 57

Property Information
Year Built Year Built: 1964
Property Type / Style Property Type: ResidentialProperty Subtype: Residential, Single Family ResidenceArchitecture: Traditional
Building Construction Materials: Brick, Vinyl SidingNot a New ConstructionNot Attached Property
Property Information Parcel Number: 491504100027000500

Price & Status
Price List Price: $209,900Price Per Sqft: $117
Status Change & Dates Possession Timing: Close Of Escrow

Media
See Virtual Tour

Location
Direction & Address City: IndianapolisCommunity: No Subdivision
School Information Elementary School: Jeremiah Gray Elementary SchoolHigh School: Southport High SchoolHigh School District: Perry Township Schools

Agent Information
Listing Agent Listing ID: 22097248

Building
Building Area Building Area: 1800 Square Feet

HOA
No HOA

Lot Information
Lot Area: 0.49 acres

Miscellaneous
BasementMls Number: 22097248

Last check for updates: about 4 hours ago

Listing Provided by: Isabella Frazier, (984) 370-6886

Trelora Realty

Source: MIBOR as distributed by MLS GRID, MLS#22097248

Also Listed on MIBOR as distributed by MLS GRID.

Market trends in South Emerson

Last updated July 2026

Avg. sale price

$242K

Sale-to-List Price

99.9%

Price per sq ft

$155

Available listings

4MoM

Price and Tax history

Date	Event	Price
Aug 10, 2026 Source: MIBOR as distributed by MLS GRID #22097248	PriceChange	$209,900 Price decreased by 5%
Jun 18, 2026 Source: MIBOR as distributed by MLS GRID #22097248	Listed For Sale	$219,900
Dec 13, 2023 Source: Zillow Rentals	ListingRemoved
Nov 30, 2023 Source: Zillow Rentals	Listed For Rent	$1,450
Jan 27, 2022 Source: Zillow Rental Manager	ListingRemoved
Jan 12, 2022 Source: Zillow Rental Manager	PriceChange	$1,325 Price decreased by 16%
Nov 24, 2021 Source: Zillow Rental Manager	Listed For Rent	$1,575
Dec 2, 2020 Source: Agent Provided	ListingRemoved	$1,349
Nov 10, 2020 Source: Agent Provided	Listed For Rent	$1,349
Sep 24, 2019 Source: Agent Provided	ListingRemoved	$1,200
Sep 16, 2019 Source: Agent Provided	PriceChange	$1,200 Price decreased by 6%
Aug 28, 2019 Source: Agent Provided	Listed For Rent	$1,275
Jan 10, 2017 Source: N/A	Sold	$128,496
Feb 20, 2015 Source: Agent Provided	ListingRemoved	$1,200
Dec 28, 2014 Source: Agent Provided	Listed For Rent	$1,200
Jul 10, 2014 Source: N/A	Sold	$66,100
Jun 11, 2014 Source: Agent Provided	Pending	$69,000
Jun 5, 2014 Source: Agent Provided	PriceChange	$69,000 Price decreased by 5%
May 6, 2014 Source: Agent Provided	PriceChange	$73,000 Price decreased by 3%
Mar 4, 2014 Source: Agent Provided	Listed For Sale	$75,000
Jul 13, 2012 Source: MIBOR as distributed by MLS GRID #21178767	Sold	$59,000
May 26, 2012 Source: Agent Provided	PriceChange	$64,890 Price increased by 0%
May 19, 2012 Source: Agent Provided	Listed For Sale	$0
Apr 27, 2012 Source: N/A	Sold	$153,147
Nov 9, 2006 Source: MIBOR as distributed by MLS GRID #2643813	Sold	$87,900

Year	Property tax	Tax assessment
2025	$5,175	$214,600

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Home Value

Trulia Estimate

$207K

Since last month

$13K (-5.8%)

Since last year

$33K (-13.7%)

Since last sale

$78K (+60.9%)

Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +186% in the last 10 years

Month	Estimated value
2026
August 2026	$207K
July 2026	$218K
June 2026	$219K
May 2026	$240K
April 2026	$234K
March 2026	$229K
February 2026	$231K
January 2026	$228K
2025
December 2025	$228K
November 2025	$230K
October 2025	$234K
September 2025	$226K
August 2025	$230K
July 2025	$239K
June 2025	$235K
May 2025	$234K
April 2025	$232K
March 2025	$225K
February 2025	$223K
January 2025	$219K
2024
December 2024	$221K
November 2024	$221K
October 2024	$229K
September 2024	$229K
August 2024	$231K
July 2024	$235K
June 2024	$239K
May 2024	$240K
April 2024	$238K
March 2024	$234K
February 2024	$228K
January 2024	$219K
2023
December 2023	$221K
November 2023	$221K
October 2023	$226K
September 2023	$226K
August 2023	$228K
July 2023	$231K
June 2023	$232K
May 2023	$237K
April 2023	$233K
March 2023	$228K
February 2023	$222K
January 2023	$220K
2022
December 2022	$220K
November 2022	$225K
October 2022	$228K
September 2022	$230K
August 2022	$232K
July 2022	$236K
June 2022	$239K
May 2022	$238K
April 2022	$232K
March 2022	$226K
February 2022	$216K
January 2022	$212K
2021
December 2021	$210K
November 2021	$209K
October 2021	$209K
September 2021	$206K
August 2021	$206K
July 2021	$209K
June 2021	$211K
May 2021	$211K
April 2021	$203K
March 2021	$203K
February 2021	$189K
January 2021	$182K
2020
December 2020	$183K
November 2020	$181K
October 2020	$181K
September 2020	$178K
August 2020	$175K
July 2020	$173K
June 2020	$170K
May 2020	$169K
April 2020	$167K
March 2020	$166K
February 2020	$164K
January 2020	$161K
2019
December 2019	$162K
November 2019	$163K
October 2019	$162K
September 2019	$163K
August 2019	$158K
July 2019	$157K
June 2019	$157K
May 2019	$157K
April 2019	$155K
March 2019	$156K
February 2019	$157K
January 2019	$155K
2018
December 2018	$155K
November 2018	$153K
October 2018	$151K
September 2018	$157K
August 2018	$158K
July 2018	$158K
June 2018	$155K
May 2018	$155K
April 2018	$150K
March 2018	$146K
February 2018	$139K
January 2018	$138K
2017
December 2017	$141K
November 2017	$142K
October 2017	$142K
September 2017	$136K
August 2017	$114K
July 2017	$92K
June 2017	$77K
May 2017	$76K
April 2017	$75K
March 2017	$74K
February 2017	$72K
January 2017	$71K
2016
December 2016	$71K
November 2016	$71K
October 2016	$72K
September 2016	$72K
August 2016	$72K

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.

Address	Distance	Property Type	Sold Price	Sold Date	Bed	Bath	Sqft
4124 Shelbyville Rd, Indianapolis, IN	0.09	Single-Family Home	$234,000	01/16/26	3	1	1,040
4633 Shelbyville Rd, Indianapolis, IN	0.34	Single-Family Home	$180,500	06/18/26	3	2	1,456
1618 Yazoo Dr, Beech Grove, IN	0.36	Single-Family Home	$189,800	02/18/26	4	1.5	1,700
4617 Shelbyville Rd, Indianapolis, IN	0.27	Single-Family Home	$182,500	09/17/25	3	1	912
5321 S Linwood Ave, Indianapolis, IN	0.34	Single-Family Home	$244,499	04/23/26	3	2	1,440
4028 Oakfield Dr, Indianapolis, IN	0.30	Single-Family Home	$257,900	10/15/25	2	2	1,810
4330 N Dudley North Dr, Indianapolis, IN	0.50	Single-Family Home	$236,500	06/05/26	4	1.5	1,500
4429 Dudley North Dr, Indianapolis, IN	0.54	Single-Family Home	$135,000	08/05/26	3	1	2,286
3510 Chamberlin Dr, Indianapolis, IN	0.55	Single-Family Home	$203,000	12/22/25	3	2	2,080
4430 Dudley North Dr, Indianapolis, IN	0.49	Single-Family Home	$200,000	07/31/26	3	1.5	2,112

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.

Address	Distance	Price	Bed	Bath	Sqft	Status
4124 Shelbyville Rd, Indianapolis, IN 46237	0.09	$234,000	3	1	1,040	Recently Sold
4117 E Thompson Rd, Indianapolis, IN 46237	0.10	$297,500	4	2	-	Off Market
4312 Shelbyville Rd, Indianapolis, IN 46237	0.08	$201,200	3	1	912	Off Market
5133 Gray Rd, Indianapolis, IN 46237	0.17	$1,350,000	-	-	-	For Sale
4002 Shelbyville Rd, Indianapolis, IN 46237	0.20	$331,900	4	2.5	1,861	Off Market
1717 S 9th Ave, Beech Grove, IN 46107	0.17	$213,000	4	-	1,407	Recently Sold
6866 Black Willow Ln, Brownsburg, IN 46112	0.22	$390,100	4	3	2,426	Off Market
1701 S 9th Ave, Beech Grove, IN 46107	0.20	$187,000	2	1	1,299	Recently Sold
1615 S 9th Ave, Beech Grove, IN 46107	0.22	$181,000	3	1.5	1,000	Off Market
14 Angela Ct, Beech Grove, IN 46107	0.23	$186,500	3	1	1,025	For Sale
25 Angela Ct, Beech Grove, IN 46107	0.24	$221,300	3	1	1,025	Off Market

Additional Cost

Around this home

View nearby schools on GreatSchools

The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

South Emerson

53 Homes For You
Buy: $140k - $1.35m

See Local Highlights

Neighborhood stats provided by third party data sources.

What Locals Say about South Emerson

At least 85 Trulia users voted on each feature.

91 % Say car is needed
85 % Say parking is easy
84 % Say kids play outside
82 % Say it's dog friendly
74 % Say yards are well-kept
69 % Say there are sidewalks
68 % Say there's holiday spirit
62 % Say it's quiet
50 % Say neighbors are friendly
50 % Say people would walk alone at night
45 % Say it's walkable to grocery stores
42 % Say there's wildlife
35 % Say it's walkable to restaurants
33 % Say streets are well-lit
33 % Say they plan to stay for at least 5 years
18 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.

Trulia User
Resident
3y ago
"there is great yard space to run and play and also tons of parks to take them for walks. "
0
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Trulia User
Resident
3y ago
"Not a lot of strays. Lots of friendly dogs. Low speed limits. Most of the houses have big yards. Lots of neighborhoods to walk. "
0
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Trulia User
Resident
4y ago
"I’ve lived in this beautiful neighborhood for 25 years, raised our sons here. Neighbors are friendly & keep an eye out for one another. Rarely do these homes go up for sale, so there isn’t much turnover. "
6
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Lalcautergomez
Resident
6y ago
"Dogs are welcome, most of the neighborhood has dogs and people walks them all the time, and most if not all pick after them "
1
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Hermelindo P.
Resident
6y ago
"There is safe to live in here and people are very friendly, so far is nice and calm, no problems with the neighborhood "
3
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A
Resident
7y ago
"Some crime; petty theft/ break ins... weird people knock on your door sometimes. BUT management is really nice and the maintenance team is quick and efficient. "
4
Flag
Scissorhands_888
Resident
7y ago
"Small neighborhood with two streets to enter or exit. Low incidence of crime. Neighbors watch out for each other and communicate regularly."
37
Flag
Meddie D.
Resident
7y ago
"You see dog owners walking their dogs all the time and consistently looking out for each other's pets."
2
Flag
Dedra B.
Visitor
7y ago
"great..good.. well festive... nice... non violent.. friendly... nice schools.... lots of restaurants.."
2
Flag
V
Resident
7y ago
"Schools in this area lack diversity. There are a few nice restaurants and lots of medical offices conveniently located."
1
Flag
Meddie D.
Resident
7y ago
"My neighborhood needs greater access to public transportation and better lighting for the streets. The traffic lights would do better with better synchronization."
3
Flag
Jahadley317
Resident
7y ago
"This is a great, quiet little area with good schools and easy access to downtown. It is a great place to start a family. Franklin township schools are the best in the city."
1
Flag
Donna S.
12y ago
"I am in a CDI Home Retirement Community. There are very good places to walk without having to get on busy roads. Convenient shopping and eating areas near Southport and also Beech Grove."
2
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Frequently asked questions about 4231 E Thompson Rd

What is the estimated monthly payment for 4231 E Thompson Rd?
Based on a $209,900 list price with 20% down at today's rates, the estimated monthly payment for 4231 E Thompson Rd in Indianapolis, IN is approximately $1,339 (about $1,096 principal & interest, $168 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
How does the list price for 4231 E Thompson Rd compare to homes in Indianapolis?
4231 E Thompson Rd in Indianapolis, IN is listed at $209,900, about 13% below the $242K median sale price in Indianapolis.
What do residents say about the South Emerson neighborhood?
Residents describe the South Emerson neighborhood in Indianapolis, IN as easy to park in, dog-friendly, and well-kept. Most residents say you need a car. See homes for sale in South Emerson, Indianapolis.
What are the closest schools to 4231 E Thompson Rd?
The closest schools to 4231 E Thompson Rd in Indianapolis, IN are Jeremiah Gray Kindergarten (Elementary), Jeremiah Gray-Edison Elementary School (rated 7/10), Southport 6th Grade Academy (Elementary/Middle, rated 6/10).
Does 4231 E Thompson Rd have air conditioning?
Yes, 4231 E Thompson Rd in Indianapolis, IN has air conditioning.
How big is the lot at 4231 E Thompson Rd?
The lot at 4231 E Thompson Rd in Indianapolis, IN is about 0.49 acres (21,344 sq ft).

Isabella Frazier, Trelora Realty

Agent Phone: (984) 370-6886

Based on information submitted to the MLS GRID as of 2026-08-14 14:37:53 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Click here for more information

4231 E Thompson Rd, Indianapolis, IN 46237 is a 4 bedroom, 2 bathroom, 1,800 sqft single-family home built in 1964. 4231 E Thompson Rd is located in South Emerson, Indianapolis. This property is currently available for sale and was listed by MIBOR as distributed by MLS GRID on Jun 18, 2026. The MLS # for this home is MLS# 22097248.

4231 E Thompson Rd Indianapolis, IN 46237

$209,900

$209,900

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Frequently asked questions about 4231 E Thompson Rd

4231 E Thompson Rd
Indianapolis, IN 46237