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Space, privacy, and possibility come together on this rare double-lot property in Indianapolis. Set back among mature trees on a combined .91 acres, the setting feels quiet and secluded - yet the real story here is what that extra land can do for you. The adjacent .48-acre parcel is a separate, sellable lot, giving you the flexibility to build a second home for extended family, add a workshop or guest cottage, sell it for extra cash now, or simply hold the land for future value. Inside, the home offers three bedrooms and two full baths across generously proportioned rooms that give every space room to breathe. A sunroom and covered porch invite slower mornings and easy evenings, while the covered patio extends the living space outdoors. The bones here are solid - this is a home ready for you to bring your own vision and finish it in your own personal style. Storage and parking are equally well thought out, with a 2-car attached garage, a carport, and a detached storage barn - room for vehicles, tools, hobbies, and everything in between. And while the setting feels tucked away, everyday convenience is close at hand. The Southport Rd corridor puts shopping, dining, and everyday errands just minutes away, quick access to I-65 means the whole city - and beyond - is within easy reach, and a short drive gets you to both downtown Indianapolis and the airport. A rare combination of privacy, space, and a setting like no other - schedule a tour today and explore the endless possibilities.

Highlights

  • Residential
  • Single Family Residence
  • Built in 1993
  • 0.91 Acre Lot
  • 2 Car Garage
  • 59 days on Market

  • Bedrooms
    3
  • Bathrooms
    2
  • Year Built
    1993
  • Architectural Style
    Traditional
  • Construction Materials
    Brick
  • Garage Spaces
    2.0
  • Parking Features
    Attached, Carport
  • Living Area
    1601.0
  • Interior Features
    Vaulted Ceiling(s)
  • Appliances
    Dryer, Dishwasher, Refrigerator, Washer, Electric Oven
  • Exterior Features
    Storage
  • Patio And Porch
    Covered
  • Cooling
    Central Air
  • Heating
    Forced Air
  • Basement
    Crawl Space

  • Acres
    0.91
  • Lot Features
    Other
  • Water
    Public

  • Area
    4907 - Marion - Perry
  • County
    Marion
  • City
    Indianapolis
  • Neighborhood
    Holly Hills
  • Zip Code
    46227
  • High School
    Southport High School
  • Middle School
    Southport Middle School
  • Elementary School
    Mary Bryan Elementary School

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Frequently Asked Questions

How do I schedule a tour of 7238 Hearthstone?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 7238 Hearthstone.

They know residentials in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 7238 Hearthstone?

Click Ask a Question to talk with our team. You already know it is a 3 bed, 2 bath, listed for $289,900. We can talk through recent upgrades, potential seller motivation, how this single family residence compares to others in Indianapolis, and can even get you in to see the property quickly.

How do I get a virtual tour of 7238 Hearthstone?

Yes! A virtual tour is available for 7238 Hearthstone. Click here to view the full walkthrough and explore every room at your own pace. If you would like a guided virtual showing or have questions along the way, we can connect you with our local expert to walk you through it live.

How much is the monthly mortgage payment for 7238 Hearthstone?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 7238 Hearthstone at around $1,650. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 7238 Hearthstone?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Marion County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 7238 Hearthstone?

In most cases, yes. Whether 7238 Hearthstone is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Indianapolis's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 7238 Hearthstone?

We can handle that for you. Our preferred local agent specializes in residentials in Indianapolis and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $289,900 with 1,601 sqft of space—that comes out to approximately $181 per square foot.

How long has this property been on the market?

7238 Hearthstone was listed on September 13, 2026, which means it's been on the market for 59 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1993, making it approximately 33 years old.

What is the lot size of this property?

7238 Hearthstone sits on a 0.91-acre lot, which is 39,640 square feet.

What schools are assigned to this property?

Based on MLS info, this home is zoned for:

  • Elementary: Mary Bryan Elementary School
  • Middle: Southport Middle School
  • High: Southport High School

Want to see how these schools compare? Check out our Marion County School Guide to see ratings, reviews, and more for the schools in the area.

Is 7238 Hearthstone still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Based on information submitted to the MLS GRID as of November 11, 2026 at 02:57AM. 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.