506 Thompson Ln
Mitchell, IN 47446
3 Beds
2.5 Baths
2,460 sqft (on 5.99 acres)
$323,000
Last Sold: May 22, 2026
8% below list $350K
$131/sqft
Est. Refi. Payment $1,896/mo*
$323,000
Last Sold: May 22, 2026
8% below list $350K
$131/sqft
Est. Refi. Payment $1,896/mo*
3 Beds
2.5 Baths
2,460 sqft
(on 5.99 acres)
Home Value
Trulia Estimate
$325KSince last month
$100 (0%)Since last year
Decreased$33K (-9.3%)Since last sale
Increased$2K (+0.6%)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 +113% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| August 2026 | $325K |
| July 2026 | $325K |
| June 2026 | $325K |
| May 2026 | $323K |
| April 2026 | $342K |
| March 2026 | $366K |
| February 2026 | $356K |
| January 2026 | $356K |
2025 | |
2024 | |
2023 | |
2022 | |
2021 | |
2020 | |
2019 | |
2018 | |
2017 | |
2016 | |
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 |
|---|---|---|---|---|---|---|---|
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 | |
1.11 | Single-Family Home | $324,450 | 09/09/25 | 3 | 2 | 1,992 | |
0.79 | Single-Family Home | $67,500 | 11/13/25 | 4 | 2 | 2,541 | |
1.43 | Single-Family Home | $274,900 | 01/23/26 | 5 | 2 | 2,192 | |
0.89 | Single-Family Home | $60,000 | 08/19/26 | 2 | 1 | 1,488 | |
1.69 | Single-Family Home | $465,000 | 07/28/26 | 3 | 2.5 | 2,040 | |
0.88 | Single-Family Home | $143,500 | 01/20/26 | 2 | 1 | 700 |
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 |
|---|---|---|---|---|---|---|
0.09 | $333,100 | 3 | 2 | 1,656 | Off Market | |
0.39 | $349,600 | 3 | 2 | 1,728 | Off Market | |
0.52 | $315,000 | 3 | 2.5 | 1,680 | Recently Sold | |
0.56 | $403,700 | 3 | 2 | 1,860 | Off Market | |
0.67 | $179,600 | 3 | 2 | 1,404 | Off Market | |
0.65 | $457,100 | 3 | 2.5 | 3,388 | Off Market | |
0.72 | $349,900 | 3 | 2 | 1,570 | For Sale | |
0.82 | $219,900 | 3 | 2 | 1,512 | For Sale | |
0.79 | $67,500 | 4 | 2 | 2,541 | Recently Sold | |
0.85 | $245,700 | 4 | 3 | 1,848 | Off Market | |
0.88 | $143,500 | 2 | 1 | 700 | Recently Sold |
Local Information
- Map ViewExplore the area around 506 Thompson Ln.
- Schools1 Preschool School2 Elementary Schools1 Middle School1 High School
- Shop & Eat
-- mins to
Home Highlights
Property Type
Single-Family Home
Year Built
1987
Lot Size
5.99 acres
Living Area
2,460 sqft
Price/Sqft
$132
Parking
2 Car Garage
About this House
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.
506 Thompson Ln, Mitchell, IN 47446 is a 3 bedroom, 3 bathroom, 2,460 sqft single-family home built in 1987. It last sold for $323,000 on May 22, 2026 (8% below the $349,900 asking price). It is currently off market. The Trulia Estimate is $325,300, with a rent estimate of $2,355/month.
Last check for updates: about 6 hours ago
Listed by Amy Seputis-Roll, (812) 675-6952
Hawkins & Root Real Estate
Bought with: Dina Baker, (812) 277-6681, Keach & Grove Real Estate, LLC
Source: IRMLS, MLS#202609225
Home Details for 506 Thompson Ln
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MLS Status: Closed |
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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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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 |
Status Change & Dates Off Market Date: Fri May 22 2026 |
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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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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 |
Price and Tax history
| Date | Event | Price |
|---|---|---|
May 22, 2026 Source: IRMLS #202609225 | Sold | $323,000 |
Apr 10, 2026 Source: IRMLS #202609225 | PriceChange | $349,900 Price decreased by 5% |
Mar 20, 2026 Source: IRMLS #202609225 | Listed For Sale | $369,900 |
Nov 30, 2015 Source: Agent Provided | ListingRemoved | $149,000 |
Nov 21, 2015 Source: Agent Provided | Listed For Sale | $149,000 |
Sep 24, 2015 Source: Agent Provided | ListingRemoved | $159,900 |
Aug 19, 2015 Source: Agent Provided | PriceChange | $159,900 Price decreased by 6% |
Jul 15, 2015 Source: Agent Provided | PriceChange | $169,900 Price decreased by 6% |
Apr 26, 2015 Source: Agent Provided | PriceChange | $179,900 Price decreased by 5% |
Apr 12, 2015 Source: Agent Provided | Listed For Sale | $189,900 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | $2,071 | $256,000 |
Home facts updated by county records
Market trends in Mitchell
Last updated July 2026
Avg. sale price
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Sale-to-List Price
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Price per sq ft
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Available listings
47
1MoM
Around this home
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
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
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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.
Frequently asked questions about 506 Thompson Ln
- What is 506 Thompson Ln estimated to be worth?Trulia's estimated value for 506 Thompson Ln in Mitchell, IN is $325,300.
- What is the price history for 506 Thompson Ln?506 Thompson Ln in Mitchell, IN last sold for $323,000 in May 2026.
- Is Mitchell a buyer's or seller's market?Mitchell is currently a buyer's market, based on recent for-sale activity.
- What do residents say about Mitchell?Residents describe Mitchell, IN as well-kept, easy to park in, and quiet. Most residents say you need a car. See recently sold homes in Mitchell, IN.
- Does 506 Thompson Ln have air conditioning?Yes, 506 Thompson Ln in Mitchell, IN has air conditioning.
- Does 506 Thompson Ln have laundry facilities?Yes, 506 Thompson Ln in Mitchell, IN has laundry facilities.
Apartments for Rent
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Off Market Homes Near 506 Thompson Ln
SOLDAUG 21, 2026Alice Chastain, RE/MAX Acclaimed Properties, IRMLS
SOLDAUG 12, 2026Courtney Mullis, Berkshire Hathaway HomeServices Indiana Realty-Bloomington, IRMLS
SOLDAUG 12, 2026MIBOR REALTOR® Association, Sold
SOLDAUG 7, 2026Christina Root, Hawkins & Root Real Estate, IRMLS
SOLDJUL 30, 2026Tonya Hudson, Suddarth & Company, IRMLS
SOLDJUL 28, 2026Debra Suddarth, Suddarth & Company, IRMLS
SOLDJUL 24, 2026Miranda Mann, Berkshire Hathaway HomeServices Indiana Realty-Bloomington, IRMLS
SOLDJUL 17, 2026Natasha Johns, Williams Carpenter Realtors, IRMLS
SOLDJUL 17, 2026Jack Jones, Indiana Real Estate Connection, IRMLS
SOLDJUL 14, 2026Natasha Rowlett, Williams Carpenter Realtors, IRMLS
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Homes for sale near 506 Thompson Ln
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