506 Thompson Ln, Mitchell, IN 47446
FOR SALE
5.99 ACRES

506 Thompson Ln
Mitchell, IN 47446

  • 3 Beds
  • 2.5 Baths
  • 2,460 sqft (on 5.99 acres)

$349,900

Original price: $369,900
Est. Mortgage $1,963/mo*

$349,900

Original price: $369,900
Est. Mortgage $1,963/mo*
3 Beds
2.5 Baths
2,460 sqft
(on 5.99 acres)

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

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

Active Status

MLS Status: Active Under Contract

Interior Features

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

Exterior Features

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

Days on Market

Days on Market: 49

Property Information

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

Price & Status

Price
List Price: $349,900

Location

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

Agent Information

Listing Agent
Listing ID: 202609225

Building

Building Area
Building Area: 2460 Square Feet

Community

Community Features: None

Lot Information

Lot Area: 5.99 Acres

Offer

Listing Terms: Cash, Conventional, FHA, USDA Loan, VA Loan, Other

Miscellaneous

Mls Number: 202609225Attribution Contact: Office: 812-675-6952Above Grade Unfinished Area: 2460

Additional Information

None
Last check for updates: about 16 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

DatePriceEventSource
04/10/2026$349,900PriceChange
IRMLS #202609225
03/20/2026$369,900Listed For SaleIRMLS #202609225
01/13/2016$149,000Sold
IRMLS #201553606
11/21/2015$149,000Listed For SaleAgent Provided
09/24/2015$159,900ListingRemovedAgent Provided
08/19/2015$159,900PriceChange
Agent Provided
07/15/2015$169,900PriceChange
Agent Provided
04/26/2015$179,900PriceChange
Agent Provided
04/12/2015$189,900Listed For SaleAgent Provided
06/04/2004$179,900Sold
IRMLS #20010361

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Property Tax and Assessment

Year2025
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.
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

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.
  • Kmgaddis98
    "we commute to our jobs which are out of town. Mitchell is a small town..no taxi and bus is provided by a federal grant to seniors and handicapped persons. No bike paths although some sidewalks are much improved. "
  • Carrie H.
    "Everyone knows everyone and for the most part they are very nice! I feel safe here, I walk thru town at night with NO worries!"
  • Kathryn G
    "There needs to be a dog park, but the existing local parks need to be managed better. There are several excellent veterinarians in the area, and there are many groomers / boarders with excellent reputations. "
  • Don
    "I've visited the area more than once and really liked the area. Mitchell is basically a very safe town spent quite-a-bit of time there."
  • Carriewow1
    "I drive myself to work everyday. I live in the country so.. no city transit bus or taxi. I drive almost an hour each way for work."

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.