Lawrence County property record for 506 Thompson Ln, Mitchell, IN 47446 · Last verified July 2026
| Property Type | Residential > Single Family > Home |
|---|---|
| Bedrooms | 3 Beds |
| Bathrooms | 2.5 Baths |
| Year Built | Built 1989 |
| Square Footage | 2,460 sqft Living Area |
| Lot Size | 260,924 sqft (5.99 acres) |
| Garage | Attached, 720 sqft |
| Occupancy | Owner Occupied |
| Tax Bill | $2,000.00 (2025) |
| Primary APN | 0400237001P50 |
|---|---|
| Alternative APNs |
|
| Bedrooms | 3 Beds |
|---|---|
| Full Baths | 2.5 Baths |
| Partial Baths | 1 Partial Baths |
| Plumbing Fixtures | 10 Plumbing Fixtures |
| Total Rooms | 6 Rooms |
| Building Area | 2,460 sqft Living Area |
| 1st Floor | 2,460 sqft 1st Floor |
| Stories | 2 Stories |
| Year Built | Built 1987 |
|---|---|
| Effective Year Built | Effective 1989 |
| Construction Type | Wood Construction |
| Foundation Type | No Foundation Foundation |
| Roof Material | Asphalt Roof |
| Lot Area | 260,924 sqft (5.99 acres) |
| Parking Spaces | 3 Parking Spaces |
| Garage Type | Attached Garage |
| Garage Area | 720 sqft Garage |
| Shed | 1 Shed |
| Shed Area | 120 sqft Shed |
| Topography | Rolling Topography |
| Cooling System | Central Cooling |
|---|---|
| Heating System | Central Heating |
| Account Number | 00693360908 |
|---|---|
| Street Address | 506 THOMPSON LN |
| City | MITCHELL |
| State | IN |
| Zip | 47446-5400 |
| Property Usage | Residential Property Usage |
| Type | Residential > Single Family > Home |
| Legal Description | SEC 4 TWP 3 R1W 5.99 TOTAL SW NE 1.99A SW COR SW NE 4A |
| Legal Range | 1W |
| Legal Township | 3 |
| Legal Section | 4 |
| Jurisdiction | LAWRENCE IN |
| Minor Civil Division | MARION |
| Census Blockgroup | 3 |
| Census Block | 3008 |
| Census Tract | 950701 |
Source: Lawrence County records · APN 0400237001P50
Assessment roll updated June 23, 2026 · Last verified July 2026
Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.
| Owner of Record | Individual Name on File |
|---|---|
| Mailing Address | 506 THOMPSON LN, MITCHELL, IN 47446-5400 |
| Occupancy | Owner Occupied |
| Owner Type | Owner is an Individual, Couple or Unincorporated Entity |
| Deed Names | Verified Name on Deed |
|---|---|
| Record Refreshed | Sep 20, 2026 |
| Document Type | Deed of Trust |
|---|---|
| Jurisdiction | LAWRENCE IN |
| Property Address | 506 THOMPSON LN, MITCHELL, IN 47446-5400 |
| Transaction Type | Mortgage |
| Record Updated | Mar 10, 2021 |
| Name | Verified Name |
|---|
| Document Number | 2021001109 |
|---|---|
| Date | Feb 18, 2021 |
| Instrument | 2021001109 |
| Name | FREEDOM MORTGAGE CORP |
|---|---|
| Type | Subprime Lender |
| Type | Federal Housing Administration (FHA) Mortgage |
|---|---|
| Amount | Amount Recorded |
| Term | 361 Months |
| Due | Mar 01, 2051 |
Source: Lawrence County records · Assessment roll updated June 23, 2026 · Last verified July 2026
| Type | Name |
|---|---|
| State | Indiana |
| County | Lawrence County |
| County Subdivision | Marion Township |
| Unified School District | Mitchell Community Schools (PK - 12) |
Assessed value and assessed market value are set for property tax purposes and are not market price estimates.
| Year | Tax Bill | Assessed Value | Assessed Market Value |
|---|---|---|---|
| 2025 | $2,000.00 (-3.43%) Homeowner's exemption | $256,000 (+15.11%) Land $34,600 Building $221,400 | $256,000 (+15.11%) Land $34,600 Building $221,400 |
| 2024 | $2,071.00 (+1.12%) | ||
| 2023 | $2,048.00 (+16.7%) | $222,400 (+5.15%) Land $32,400 Building $190,000 | $222,400 (+5.15%) Land $32,400 Building $190,000 |
| 2022 | $1,755.00 | $211,500 Land $31,500 Building $180,000 | $211,500 Land $31,500 Building $180,000 |
506 Thompson Ln is in FEMA Zone X, outside the Special Flood Hazard Area, with direct wildfire exposure (Low risk).
Source: FEMA National Flood Hazard Layer · Lawrence County (18093C), updated December 3, 2010
| FEMA Flood Zone | Zone X minimal flood hazard · outside the 0.2% annual chance floodplain |
|---|---|
| Special Flood Hazard Area | No |
Source: USDA Forest Service Wildfire Risk to Communities · 2nd edition (2024), fuels as of 2020
| Wildfire Risk to Homes | Low 20th percentile of exposed land nationally · 73rd in Indiana |
|---|---|
| Wildfire Likelihood | Low — about 1 in 10,000 per year |
| Exposure | Direct burnable vegetation at the parcel |
Values are read at the parcel center point; lenders make the official flood determination.
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