506 Thompson Ln
Mitchell, IN 47446
3 Beds
2.5 Baths
2,460 sqft (on 5.99 acres)
3 Beds
2.5 Baths
2,460 sqft
(on 5.99 acres)
Local Information
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Description
Log cabin on wooded acreage! This charming 2-story log home sits on 5.99 acres just outside Mitchell and offers the privacy and peaceful setting many buyers are searching for. With approximately 2,460 sq ft, the home features 3 bedrooms and 2.5 baths. The large living room with woodburning stove creates a warm and inviting gathering space. The spacious primary suite includes a walk-in closet plus three additional closets and a private full bath. Relax on the covered front porch and enjoy the quiet country surroundings. Property also includes a 30×24 attached 2.5-car garage with plenty of room for vehicles, storage, or workshop space. A great opportunity for buyers looking for country living, privacy, and a rustic log cabin setting.
Home Highlights
Parking
2 Car Garage
Outdoor
Porch, Deck
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
49 days ago
Home Details for 506 Thompson Ln
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MLS Status: Active Under Contract |
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Interior Details Basement: Crawl Space,BlockNumber of Rooms: 7Types of Rooms: Bedroom 1, Bedroom 2, Dining Room, Kitchen, Living Room |
Beds & Baths Number of Bedrooms: 3Number of Bathrooms: 3Number of Bathrooms (full): 2Number of Bathrooms (half): 1 |
Dimensions and Layout Living Area: 2460 Square Feet |
Appliances & Utilities Appliances: Dishwasher, Refrigerator, Electric Range, Electric Water HeaterDishwasherLaundry: Electric Dryer Hookup,Main Level,Washer HookupRefrigerator |
Heating & Cooling Heating: PropaneHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Propane |
Fireplace & Spa Fireplace: Wood Burning StoveNo Fireplace |
Gas & Electric Electric: Orange Co REMCGas: Other |
Windows, Doors, Floors & Walls Flooring: Carpet, Tile |
Levels, Entrance, & Accessibility Stories: 2Levels: TwoFloors: Carpet, Tile |
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Exterior Home Features Roof: MetalPatio / Porch: Deck, Porch CoveredFencing: NoneOther Structures: Shed(s), Shed |
Parking & Garage Number of Garage Spaces: 2Number of Covered Spaces: 2No CarportHas a GarageHas an Attached GarageHas Open ParkingParking Spaces: 2Parking: Attached,Garage Door Opener,RV Access/Parking,Concrete |
Frontage Road Surface Type: AsphaltNot on Waterfront |
Water & Sewer Sewer: Septic Tank |
Finished Area Finished Area (above surface): 2460 Square Feet |
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Days on Market: 49 |
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Year Built Year Built: 1987 |
Property Type / Style Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Log |
Building Construction Materials: LogNot a New ConstructionDoes Not Include Home Warranty |
Property Information Parcel Number: 471404100042.000004 |
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Price List Price: $349,900 |
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Direction & Address City: MitchellCommunity: None |
School Information Elementary School: Burris/HatfieldElementary School District: Mitchell Community SchoolsJr High / Middle School: MitchellJr High / Middle School District: Mitchell Community SchoolsHigh School: MitchellHigh School District: Mitchell Community Schools |
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Listing Agent Listing ID: 202609225 |
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Building Area Building Area: 2460 Square Feet |
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Community Features: None |
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Lot Area: 5.99 Acres |
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Listing Terms: Cash, Conventional, FHA, USDA Loan, VA Loan, Other |
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Mls Number: 202609225Attribution Contact: Office: 812-675-6952Above Grade Unfinished Area: 2460 |
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None |
Last check for updates: about 12 hours ago
Listing courtesy of Amy Seputis-Roll, (812) 675-6952
Hawkins & Root Real Estate
Source: IRMLS, MLS#202609225
Also Listed on IRMLS.
Price History for 506 Thompson Ln
| Date | Price | Event | Source |
|---|---|---|---|
| 04/10/2026 | $349,900 | PriceChange | IRMLS #202609225 |
| 03/20/2026 | $369,900 | Listed For Sale | IRMLS #202609225 |
| 01/13/2016 | $149,000 | Sold | IRMLS #201553606 |
| 11/21/2015 | $149,000 | Listed For Sale | Agent Provided |
| 09/24/2015 | $159,900 | ListingRemoved | Agent Provided |
| 08/19/2015 | $159,900 | PriceChange | Agent Provided |
| 07/15/2015 | $169,900 | PriceChange | Agent Provided |
| 04/26/2015 | $179,900 | PriceChange | Agent Provided |
| 04/12/2015 | $189,900 | Listed For Sale | Agent Provided |
| 06/04/2004 | $179,900 | Sold | IRMLS #20010361 |
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Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $2,071 |
| Assessment | $256,000 |
Home facts updated by county records
Comparable Sales for 506 Thompson Ln
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.09 | Single-Family Home | $325,000 | 09/04/25 | 3 | 2 | 1,656 | |
0.52 | Single-Family Home | $315,000 | 02/20/26 | 3 | 2.5 | 1,680 | |
0.56 | Single-Family Home | $392,000 | 06/23/25 | 3 | 2 | 1,860 | |
0.65 | Single-Family Home | $442,500 | 06/20/25 | 3 | 2.5 | 3,388 | |
0.79 | Single-Family Home | $67,500 | 11/13/25 | 4 | 2 | 2,541 | |
0.92 | Single-Family Home | $4,185,000 | 06/05/25 | 4 | 2.5 | 3,960 | |
1.11 | Single-Family Home | $324,450 | 09/09/25 | 3 | 2 | 1,992 | |
0.88 | Single-Family Home | $143,500 | 01/20/26 | 2 | 1 | 700 | |
1.43 | Single-Family Home | $274,900 | 01/23/26 | 5 | 2 | 2,192 |
Assigned Schools
These are the assigned schools for 506 Thompson Ln.
- Burris Elementary School
- 3-5
- Public
- 338 Students
3/10GreatSchools RatingParent Rating AverageThis school does a great job with special needs children everyone treats them with kindness and compassion from what I have seen. The students make it a point to help those that are different without making them feel like they are different. Every teacher knows all of the special needs children and that is amazing.Parent Review4y ago - Hatfield Elementary School
- PK-2
- Public
- 366 Students
NAGreatSchools RatingParent Rating AverageHatfield Elementary School is a close-knit school with a family atmosphere. The staff, students, and parents work together to make every child successful. With students ranging from pre-K to 2nd grade, the staff at Hatfield works hard to provide a solid foundation for the students to continue building on throughout the remainder of their educations.Teacher Review15y ago - Mitchell High School
- 9-12
- Public
- 436 Students
3/10GreatSchools RatingParent Rating AverageMy experience with Mitchell is not terrible but not the best just because some of the rules i truly do not understand, Like when you are in harmony and its says your absent day has been excuses but its not really its still gonna count towards you, Also There are some of the teachers that are not qualified to be a teacher, But if you mind your business the school can be just fine cause you can where comfortable clothes and they let you have your phones out during passing periods, this places gives you the chance to experience high school for yourselves that is the reason why its not bad cause everyone is either in there own group or just alone and since it is a small school its can be easy to stay to yourself but its easy to gain friends if you are comfortable around the environment, There are some really good teachers that know what they are talking about but other teacher might have a different progress bar, But i do not think its the best place but i am blessed to have this community like this one cause i know there are a lot worst community out there so i cant look at it bad. But also i like when they give their student a chance whatever the sanero is.Student Review3y ago - Mitchell Jr High School
- 6-8
- Public
- 359 Students
6/10GreatSchools RatingParent Rating Average
No reviews available for this school. 
Check out schools near 506 Thompson Ln.
What Locals Say about Mitchell
At least 18 Trulia users voted on each feature.
100 % Say yards are well-kept
95 % Say car is needed
83 % Say parking is easy
70 % Say there's holiday spirit
68 % Say it's quiet
60 % Say there's wildlife
55 % Say kids play outside
54 % Say it's dog friendly
48 % Say neighbors are friendly
45 % Say they plan to stay for at least 5 years
42 % Say people would walk alone at night
39 % Say it's walkable to restaurants
32 % Say it's walkable to grocery stores
28 % Say there are sidewalks
27 % Say streets are well-lit
12 % Say there are community events
Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Amy Seputis-Roll, Hawkins & Root Real Estate
Agent Phone: (812) 675-6952
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
506 Thompson Ln, Mitchell, IN 47446 is a 3 bedroom, 3 bathroom, 2,460 sqft single-family home built in 1987. This property is currently available for sale and was listed by IRMLS on Mar 20, 2026. The MLS # for this home is MLS# 202609225.