4231 E Thompson Rd, Indianapolis, IN 46237
Property image
Property image
FOR SALE
3D VIEW
0.49 ACRES

$209,900

Original price: $219,900
  • 4 Beds
  • 1.5 Baths
  • 1,800 sqft (on 0.49 acres)

4231 E Thompson Rd, Indianapolis, IN 46237

South Emerson
Est. Mortgage $1,378/mo*
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We estimate this home will sell faster than 88% nearby.

Home Highlights

Single-Family Home
Built in 1964
0.49 acre lot
$117/sqft
Garage

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

What's unique:Off-street parking potentialAdequate storageFunctional layout
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.
Last check for updates: about 12 hours ago
Listing Provided by: Isabella Frazier
Trelora Realty
Source: MIBOR as distributed by MLS GRID, MLS#22097248
We estimate this home will sell faster than 88% nearby.

Home Details for 4231 E Thompson Rd

Interior Features

Interior Details
Basement: FinishedNumber of Rooms: 7Types of Rooms: Master Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Dining Room, Family Room, Kitchen, Living Room, Play 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: 65Days on Market: 139

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

Active Status

MLS Status: Active

Media

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: 22097248Attribution Contact: icrandall@trelora.com

Price and Tax history

DateEventPrice
Nov 4, 2026
Source: MIBOR as distributed by MLS GRID #22097248
PendingToActive
$209,900
Aug 24, 2026
Source: MIBOR as distributed by MLS GRID #22097248
Pending
$209,900
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

Around this home

Neighborhood Overview

South Emerson
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
    "there is great yard space to run and play and also tons of parks to take them for walks. "
    0
    Flag
  • Trulia User
    "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
    Flag
  • Trulia User
    "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
    Flag
  • Lalcautergomez
    "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
    Flag
  • Hermelindo P.
    "There is safe to live in here and people are very friendly, so far is nice and calm, no problems with the neighborhood "
    3
    Flag
  • A
    "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
    "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.
    "You see dog owners walking their dogs all the time and consistently looking out for each other's pets."
    2
    Flag
  • Dedra B.
    "great..good.. well festive... nice... non violent.. friendly... nice schools.... lots of restaurants.."
    2
    Flag
  • V
    "Schools in this area lack diversity. There are a few nice restaurants and lots of medical offices conveniently located."
    1
    Flag
  • Meddie D.
    "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
    "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.
    "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
    Flag

Market trends in Indianapolis

Last updated September 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$253K
$2.33KMoM
Sale-to-List Price
99.2%
0.3%MoM
Price per sq ft
$142
$1MoM
Available listings
4258
11MoM
Sourced by Trulia Market Trends

Home Value

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

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
18 Roderick Ct, Beech Grove, IN
0.34
Single-Family Home
$237,000
09/30/26
4
2
1,828
1618 Yazoo Dr, Beech Grove, IN
0.36
Single-Family Home
$189,800
02/18/26
4
1.5
1,700
5321 S Linwood Ave, Indianapolis, IN
0.34
Single-Family Home
$244,499
04/23/26
3
2
1,440
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
4541 Lois Ln, Indianapolis, IN
0.33
Single-Family Home
$260,000
10/08/26
3
1.5
1,405
4747 S Denny St, Indianapolis, IN
0.34
Single-Family Home
$342,000
08/17/26
4
2
3,268
3510 Chamberlin Dr, Indianapolis, IN
0.55
Single-Family Home
$203,000
12/22/25
3
2
2,080

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
4231 E Thompson Rd #0, Indianapolis, IN 46237
0.01
-
-
-
-
Off Market
4221 E Thompson Rd, Indianapolis, IN 46237
0.02
$235,400
3
2
1,896
Off Market
4305 E Thompson Rd, Indianapolis, IN 46237
0.02
$239,700
3
1
1,800
Off Market
4211 E Thompson Rd, Indianapolis, IN 46237
0.03
$236,200
4
2
1,262
Off Market
4311 E Thompson Rd, Indianapolis, IN 46237
0.03
$205,500
4
2
1,805
Off Market
4319 E Thompson Rd, Indianapolis, IN 46237
0.05
$199,200
3
1
1,353
Off Market
4205 E Thompson Rd, Indianapolis, IN 46237
0.05
$198,000
2
1
1,530
Off Market
4222 Shelbyville Rd, Indianapolis, IN 46237
0.05
$226,100
4
1
2,498
Off Market
4214 Shelbyville Rd, Indianapolis, IN 46237
0.06
$283,200
3
2
1,724
Off Market
4230 Shelbyville Rd, Indianapolis, IN 46237
0.06
$207,300
4
1
1,172
Off Market
4306 Shelbyville Rd, Indianapolis, IN 46237
0.06
$182,400
2
1
-
Off Market
4329 E Thompson Rd, Indianapolis, IN 46237
0.06
$247,300
3
1
1,969
Off Market
4129 E Thompson Rd, Indianapolis, IN 46237
0.06
$200,700
3
-
1,091
Off Market
4204 Shelbyville Rd, Indianapolis, IN 46237
0.06
$197,800
3
-
1,124
Off Market
4312 Shelbyville Rd, Indianapolis, IN 46237
0.07
-
Studio
-
-
Off Market
4134 Shelbyville Rd, Indianapolis, IN 46237
0.07
$225,100
2
2
1,490
Off Market
4403 E Thompson Rd, Indianapolis, IN 46237
0.08
$314,700
3
1
1,349
Off Market
4312 Shelbyville Rd, Indianapolis, IN 46237
0.08
$194,800
3
1
912
Off Market
4121 E Thompson Rd, Indianapolis, IN 46237
0.08
$210,400
3
1
1,296
Off Market
4400 Shelbyville Rd, Indianapolis, IN 46237
0.09
$393,100
3
2
1,293
Off Market

LGBTQ Local Legal Protections

Isabella Frazier, Trelora Realty
Based on information submitted to the MLS GRID as of 2026-11-03 23:13:10 PST. 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

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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 $1,386 (about $1,143 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 17% below the $253K 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 4/10), Southport 6th Grade Academy (Elementary/Middle, rated 4/10).
  • 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).
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.