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5136 Flame Way; Indianapolis, IN Property Details

5136 Flame Way, Indianapolis, IN is a Single Family that was built in 1998. This property is currently a cash purchase and is not for sale. Our records show that 5136 Flame Way has 3 bedrooms, and 1.5 bathrooms, and a total of 2,340 square feet. The lot size of 5136 Flame Way is 7,754 square feet.

For Rent
5136 Flame Way Indianapolis, IN 46254
$1,495 Listing Price
3 Beds
1.5 Baths
2,340 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 1 / Corporate
  • Owner Status: Corporate
  • Year Built: 1998
  • Est. Equity / %: $295,000 / 100%
  • Gross Yield: 11.17%
  • APN: 49-05-12-114-032.000-600
  • Situs County: Marion
  • Length Of Ownership: 6 years

Rooms

  • Bedrooms: 3
  • Bathrooms: 1.5
  • Full Bathrooms: 1
  • Total Rooms: 10
  • Partial Bathrooms: 1

Structure

  • Building Style: Masonry
  • Stories: 2
  • Building Condition: Average
  • Building Quality: C
  • Roof Cover Type: Asphalt
  • Sewer Type: None
  • Water Source: None

Measurements

  • Total: 2,340/SqFt
  • Lot: 7,754/SqFt
  • Gross: 2,720/SqFt
  • Garage: 380/SqFt
  • Living: 2,340/SqFt
  • Building: 2,720/SqFt
  • Ground: 2,340/SqFt

Legal Description

  • Description: FALCONS NEST SEC 2 L43
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Pike Township Metropolitan School District
  • Lat / Lon: 39.84489 / -86.26466
  • Subdivision: Falcons Nest Sec 2
  • Property Class: Residential
  • Zoning: ZO01
  • County Use Code: 510

Amenities

  • Plus Four: 5961
  • Bathroom Fixtures: 10
  • Cooling: Central
  • Fireplaces: 1
  • Garage: Attached Garage
  • Heating: Central
  • Parking: 1

HOA

  • H O A One: $21
  • H O A Amount: $21
  • H O A One Frequency: Monthly
  • H O A One Name: Falcons Nest Homeowners Association Inc
  • H O A One Type: Home Owner Association

Ownership Info

5136 Flame Way has no associated ownership info
5136 Flame Way has no associated ownership info.

Taxes

5136 Flame Way has 10 associated Taxes items

5136 Flame Way, Indianapolis, IN pays taxes in Marion County, IN. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $259,600. The APN we've located for 5136 Flame Way is 49-05-12-114-032.000-600.

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Taxes
  • Assessed Value:  $259,600
  • Assessed Year:  2025
  • Assessed County:  Marion
  • APN:  49-05-12-114-032.000-600
  • Assessed Land Value:  37200
  • Market Land Value:  37200
  • Tax Amount:  5143.02
  • Tax Year:  2024
  • Market Value:  259600
  • Market Year:  2025

Tax History

5136 Flame Way has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $259,600 Land Value $37,200 Improvement Value $222,400 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value Land Value Improvement Value Tax Amount $5,143.02 Change Rate +0.075545% Assessed CR Tax Rate
Year 2023 Assessed Value $234,700 Land Value $37,200 Improvement Value $197,500 Tax Amount $4,781.78 Change Rate +0.316569% Assessed CR Tax Rate +0.020374%
Year 2022 Assessed Value $191,500 Land Value $37,200 Improvement Value $154,300 Tax Amount $3,632 Change Rate +0.08736% Assessed CR Tax Rate +0.018966%
Year 2021 Assessed Value $162,800 Land Value $23,000 Improvement Value $139,800 Tax Amount $3,340.2 Change Rate +0.080971% Assessed CR Tax Rate +0.020517%
Year 2020 Assessed Value $154,500 Land Value $23,000 Improvement Value $131,500 Tax Amount $3,090 Change Rate +0.031375% Assessed CR Tax Rate +0.02%
Year 2019 Assessed Value $149,800 Land Value $23,000 Improvement Value $126,800 Tax Amount $2,996 Change Rate +0.051678% Assessed CR Tax Rate +0.02%
Year 2018 Assessed Value $138,500 Land Value $23,000 Improvement Value $115,500 Tax Amount $2,848.78 Change Rate +0.017792% Assessed CR Tax Rate +0.020569%
Year 2017 Assessed Value $136,100 Land Value $23,000 Improvement Value $113,100 Tax Amount $2,798.98 Change Rate +0.076531% Assessed CR Tax Rate +0.020566%
Year 2016 Assessed Value $137,500 Land Value $23,000 Improvement Value $114,500 Tax Amount $2,600 Change Rate +0.069959% Assessed CR Tax Rate +0.018909%
Year 2014 Assessed Value $121,500 Land Value $23,000 Improvement Value $98,500 Tax Amount $2,430 Change Rate +2.004897% Assessed CR Tax Rate +0.02%
Year 2013 Assessed Value $104,900 Land Value $23,000 Improvement Value $81,900 Tax Amount $808.68 Change Rate Assessed CR Tax Rate +0.007709%