7118 Lantern Rd, Indianapolis, IN 46256
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Property image
OFF MARKET

7118 Lantern Rd
Indianapolis, IN 46256

Fall Creek
  • 5 Beds
  • 3.5 Baths
  • 6,793 sqft (on 1.81 acres)

$1,155,700

Trulia Estimate
as of Aug 1, 2026
Est. Refi. Payment $6,935/mo*
Refinance Your Home

$1,155,700

Trulia Estimate
as of Aug 1, 2026
Est. Refi. Payment $6,935/mo*
Refinance Your Home
5 Beds
3.5 Baths
6,793 sqft
(on 1.81 acres)

Local Information

  • Map ViewExplore the area around 7118 Lantern Rd.
  • Schools1 Preschool School2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1991
Lot Size
1.81 acres
Living Area
6,793 sqft
Price/Sqft
$170
Parking
Garage

About this House

BREATHTAKING WOODED HILLTOP LODGE ON 1.81 ACRES! Very rarely does a home property like this come to market & even fewer with these updates and features! Follow the winding wooded drive to the home & from the moment you pull up, you will see just how special this property is! Enjoy the panoramic views of nature, acres of trees & Mud Creek from large decks on each level & a stunning screened-in porch! Offering nearly 6,800 square feet, this 5 bedroom, 3.5 bath home will captivate you & make you feel like you're in Brown County! The entryway leads to a large great rm w/a soaring 35' ceiling & gorgeous fireplace w/stone from the floor to the ceiling! The main level also offers a beautiful dining rm, recently RECENTLY FULLY UPDATED KITCHEN w/center island, pantry & custom built-in benches, a living rm & the owners suite w/two story ceiling, loft access, large WI closet & luxurious spa bath w/dual vanity & large WI shower! The upper level features a loft (perfect for a bedroom, office, lounge area & more), two secondary bedrooms & full bath! The FINISHED WALKOUT LOWER LEVEL boasts a bar/rec area, family rm w/fireplace, lounge area, 5th bedroom, full bathroom & huge storage rm! Wooded views from literally every room in the home! There is simply nothing on the market today that is remotely close to this property! Although it will feel that you're a million miles away from the hustle and bustle, you're still just a few minutes from Geist Reservoir, shopping, dining, schools, the interstate & so much more!
7118 Lantern Rd, Indianapolis, IN 46256 is a 5 bedroom, 4 bathroom, 6,793 sqft single-family home in Fall Creek, built in 1991. It last sold for $980,000 on Jun 6, 2024 (2% below the $1,000,000 asking price). It is currently off market. The Trulia Estimate is $1,155,700, with a rent estimate of $5,539/month.

Home Details for 7118 Lantern Rd

Active Status

MLS Status: Sold

Interior Features

Interior Details
Basement: FinishedNumber of Rooms: 11Types of Rooms: Master Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Dining Room, Family Room, Guest Room, Kitchen, Play Room, Sun RoomWet Bar
Beds & Baths
Number of Bedrooms: 5Main Level Bedrooms: 1Number of Bathrooms: 4Number of Bathrooms (full): 3Number of Bathrooms (half): 1Number of Bathrooms (main level): 2
Dimensions and Layout
Living Area: 6793 Square Feet
Appliances & Utilities
Appliances: Gas Cooktop, Dishwasher, Disposal, Gas Water Heater, Microwave, Oven, Refrigerator, Water Purifier, Water Softener OwnedDishwasherDisposalMicrowaveRefrigerator
Heating & Cooling
Heating: Dual,Forced AirHas CoolingHas HeatingHeating Fuel: Dual
Fireplace & Spa
Number of Fireplaces: 3Fireplace: Basement, Gas Log, Great Room, Recreation RoomHas a Fireplace
Windows, Doors, Floors & Walls
Flooring: Hardwood
Levels, Entrance, & Accessibility
Stories: 2Levels: TwoFloors: Hardwood

Exterior Features

Exterior Home Features
Patio / Porch: Deck, CoveredFencing: Fenced, PartialFoundation: Concrete Perimeter
Parking & Garage
Number of Garage Spaces: 3Number of Covered Spaces: 3No CarportHas a GarageNo Attached GarageParking Spaces: 3Parking: Detached,Garage Door Opener
Farm & Range
Horse Amenities: None
Finished Area
Finished Area (below surface): 2723 Square Feet

Days on Market

Cumulative Days on Market: 5

Property Information

Year Built
Year Built: 1991
Property Type / Style
Property Type: ResidentialProperty Subtype: Residential, Single Family ResidenceArchitecture: Traditional
Building
Construction Materials: Stone, WoodNot a New ConstructionNot Attached Property
Property Information
Parcel Number: 490225133001000400

Price & Status

Price
List Price: $1,000,000
Status Change & Dates
Off Market Date: Mon May 06 2024Possession Timing: Negotiable

Location

Direction & Address
City: IndianapolisCommunity: Early Bluffs
School Information
High School District: MSD Lawrence Township

Building

Building Area
Building Area: 6793 Square Feet

HOA

No HOA

Lot Information

Lot Area: 1.81 Acres

Miscellaneous

BasementMls Number: 21976976Attic: Access Only
Last check for updates: about 4 hours ago
Listed by Allen Williams, (317) 339-2256
Berkshire Hathaway Home
Bought with: Larry Foster, eXp Realty, LLC
Source: MIBOR as distributed by MLS GRID, MLS#21976976

Price History for 7118 Lantern Rd

DatePriceEventSource
06/06/2024$980,000Sold
MIBOR as distributed by MLS GRID #21976976
05/07/2024$1,000,000PendingMIBOR as distributed by MLS GRID #21976976
05/03/2024$1,000,000Listed For SaleMIBOR as distributed by MLS GRID #21976976
11/01/2019$775,000ListingRemovedAgent Provided
09/06/2019$775,000PriceChange
Agent Provided
07/17/2019$795,000Listed For SaleAgent Provided
08/16/2013$699,900ListingRemovedAgent Provided
07/20/2013$699,900PriceChange
Agent Provided
08/19/2012$799,000Listed For SaleAgent Provided

Market trends in Fall Creek

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$306K
$6.17KMoM
Sale-to-List Price
99.5%
0.5%MoM
Price per sq ft
$169
$6MoM
Available listings
75
11MoM
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Property Tax and Assessment

Year2025
Tax$9,626
Assessment$928,400
Home facts updated by county records

Comparable Sales for 7118 Lantern Rd

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
7050 Wildridge Dr, Indianapolis, IN
0.09
Single-Family Home
$760,000
07/24/26
4
3
4,912
6914 Creekridge Trl, Indianapolis, IN
0.19
Single-Family Home
$670,000
02/03/26
5
3.5
4,432
8224 Walnut Way, Indianapolis, IN
0.21
Single-Family Home
$700,000
02/13/26
5
3.5
4,232
7124 Tuliptree Trl, Indianapolis, IN
0.34
Single-Family Home
$680,140
07/23/26
4
3
4,343
8161 Beech Knls, Indianapolis, IN
0.33
Single-Family Home
$785,000
07/23/26
4
4.5
4,829
9030 Fall Creek Rd, Indianapolis, IN
0.50
Single-Family Home
$865,519
09/22/25
5
4.5
9,138
6902 Creek Ridge Trl, Indianapolis, IN
0.22
Single-Family Home
$665,000
01/15/26
3
3.5
3,516
8920 William Penn Cir, Indianapolis, IN
0.65
Single-Family Home
$1,110,000
10/24/25
5
5.5
7,679
7039 Lantern Rd, Indianapolis, IN
0.27
Single-Family Home
$433,350
12/01/25
3
3
3,589
9210 Briarclift Rd, Indianapolis, IN
0.68
Single-Family Home
$435,000
08/18/25
5
4
4,708

Nearby homes

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Assigned Schools

These are the assigned schools for 7118 Lantern Rd.
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

Fall Creek
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Fall Creek

At least 75 Trulia users voted on each feature.

  • 88 % Say car is needed

  • 84 % Say yards are well-kept

  • 84 % Say it's dog friendly

  • 81 % Say parking is easy

  • 79 % Say it's quiet

  • 78 % Say kids play outside

  • 76 % Say there are sidewalks

  • 72 % Say there's holiday spirit

  • 66 % Say there's wildlife

  • 65 % Say people would walk alone at night

  • 58 % Say they plan to stay for at least 5 years

  • 49 % Say neighbors are friendly

  • 47 % Say streets are well-lit

  • 35 % Say there are community events

  • 27 % Say it's walkable to restaurants

  • 21 % Say it's walkable to grocery stores

Sourced by Trulia users. Learn more about our methodology.
  • Andi B.
    "We’ve lived in this neighborhood for six years. Everyone is so friendly! It has also become a desired area to walk, run, and bike. It’s very safe. "
    0
    Flag
  • Valerie Devereux
    "I’ve lived in this neighborhood for two years now. It is quiet. The neighbors are friendly. Yards are well kept. I only know of one family that walks their dog and doesn’t pick up after it. Plus, you have the occasional deer to coyote that doesn’t pick up after themselves. But that is a given."
    5
    Flag
  • Trulia User
    "This area is close to everything! Just hop on I-69 and your on the north side ur downtown in 20 minutes."
    0
    Flag
  • Trulia User
    "Safe, quiet, must have car. It is not a neighborhood for walking to the store. There is a good walk trail, but not many side walks. Pretty safe for an inexpensive area."
    0
    Flag
  • Unspecified
    "My neighborhood is well maintained it’s very safe and nice for bike riding and walking the dog.. it’s very close to several groceries, the mall and restaurants."
    1
    Flag
  • Tony
    "Lived here 10 years and grew up with friends that lived in the neighborhood. It’s always been a good neighborhood to raise a family. The new sidewalks along 71st have connected all of our neighborhoods better than before and taking a bike ride with kids is definitely a safe option now."
    15
    Flag
  • Tony R.
    "Great location within a minute’s drive to 465, I-69, and I-70. Only 20 minutes from Downtown Indianapolis, Carmel, and Fishers."
    2
    Flag
  • Nicolette M.
    "Neighborhood has a amenities including pool and playground. Annual neighborhood events such as trick or treating party, Easter egg hunt, 4th of July parade, etc. Friendly and lots of young families. "
    3
    Flag
  • 77avlee77
    "It’s a smooth commute to Fortville. Beautiful drive and I’m going the opposite direction of all the traffic. My husband drives to Fishers and has the same experience. "
    1
    Flag
  • 77avlee77
    "I’ve lived here for 14 years. It’s quiet and the people are friendly. I love how convenient it is to everything but also feeling like I live in a park setting with so many mature trees. "
    24
    Flag
  • Jared S.
    "This is a very dog friendly community. Everyone is eager to meet each other’s furry friend, but remember to be respectful and be ready to dispose of any waste made along the way."
    1
    Flag
  • Amanda_chiamulera
    "It’s close to all kinds of restaurants but quiet enough that I feel safe. My neighbors are quiet and friendly and I never feel unsafe even going to work at 4 am. "
    0
    Flag
  • annebushore
    "I live in this area. I walk multiple times, daily. It's a great neighborhood for families, with or without children. The singles seem to gather with BBQ's and other events during the year. The community is a big family all in itself. I wouldn't want to be anywhere else. "
    0
    Flag
  • porter f.
    "Lived here almost 28 years. Area has stayed quiet, safe, good neighbors,schools,churches, shopping has improved in the area with a new Kroger, Starbucks, etc. Residents take excellent care of their property, are friendly. Good location for majors shopping within five mile area. Easy interstate access. Quiet area. "
    0
    Flag
  • winelover651
    "The area is quiet and neighbors are friendly. We love it here."
    0
    Flag

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Homes for sale near 7118 Lantern Rd

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Off Market Homes Near 7118 Lantern Rd

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Based on information submitted to the MLS GRID as of 2026-07-31 20:53:08 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