Large Location Icon

8079 Lower Bay Ln; Indianapolis, IN Property Details

8079 Lower Bay Ln, Indianapolis, IN is a Condominium that was built in 1997. This property is currently a cash purchase and is not for sale. Our records show that 8079 Lower Bay Ln has 2 bedrooms, and 3.5 bathrooms, and a total of 2,900 square feet. The lot size of 8079 Lower Bay Ln is 1,220 square feet.

Off market
8079 Lower Bay Ln Indianapolis, IN 46236
$500,000 Listing Price
2 Beds
3.5 Baths
2,900 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 1 / Trust
  • Owner Status: Trust
  • Year Built: 1997
  • Open Loans / Balance: 1 / $373,718
  • Est. Equity / %: $165,282 / 30.66%
  • Gross Yield: 9.284%
  • APN: 49-01-21-120-010.002-400
  • Situs County: Marion
  • Length Of Ownership: 3 months

Rooms

  • Bedrooms: 2
  • Bathrooms: 3.5
  • Full Bathrooms: 3
  • 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: 2,900/SqFt
  • Lot: 1,220/SqFt
  • Gross: 3,280/SqFt
  • Garage: 380/SqFt
  • Living: 2,900/SqFt
  • Basement: 840/SqFt
  • Building: 3,280/SqFt
  • Ground: 2,060/SqFt
  • Basement Finished: 840/SqFt

Legal Description

  • Description: GUNSTRA BACKBAY PROPERTY L 3
Building Insights

Land Information

  • Property Type: Condominium
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Lawrence Township Metropolitan School District
  • Lat / Lon: 39.902946 / -85.96938
  • Subdivision: Gunstra Backbay Property
  • Property Class: Residential
  • Zoning: ZO01
  • County Use Code: 550

Amenities

  • Plus Four: 9781
  • Bathroom Fixtures: 14
  • Cooling: Central
  • Fireplaces: 1
  • Garage: Attached Garage
  • Heating: Central
  • Parking: 1

HOA

  • H O A One: $517
  • H O A Amount: $517
  • H O A One Frequency: Monthly
  • H O A One Name: Backbay Co-Owners Association Inc
  • H O A One Type: Condo Owner Association

Ownership Info

8079 Lower Bay Ln has no associated ownership info
8079 Lower Bay Ln has no associated ownership info.

Taxes

8079 Lower Bay Ln has 10 associated Taxes items

8079 Lower Bay Ln, 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 $349,600. The APN we've located for 8079 Lower Bay Ln is 49-01-21-120-010.002-400.

Unlock the full report
Taxes
  • Assessed Value:  $349,600
  • Assessed Year:  2025
  • Assessed County:  Marion
  • APN:  49-01-21-120-010.002-400
  • Assessed Land Value:  45000
  • Market Land Value:  45000
  • Tax Amount:  3580
  • Tax Year:  2025
  • Market Value:  349600
  • Market Year:  2025

Tax History

8079 Lower Bay Ln has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $349,600 Land Value $45,000 Improvement Value $304,600 Tax Amount $3,580 Change Rate -0.064971% Assessed CR Tax Rate +0.01024%
Year 2024 Assessed Value Land Value Improvement Value Tax Amount $3,828.76 Change Rate -0.038449% Assessed CR Tax Rate
Year 2023 Assessed Value $357,100 Land Value $45,000 Improvement Value $312,100 Tax Amount $3,981.86 Change Rate +0.03568% Assessed CR Tax Rate +0.011151%
Year 2022 Assessed Value $335,200 Land Value $45,000 Improvement Value $290,200 Tax Amount $3,844.68 Change Rate +0.058196% Assessed CR Tax Rate +0.01147%
Year 2021 Assessed Value $315,700 Land Value $45,000 Improvement Value $270,700 Tax Amount $3,633.24 Change Rate +0.079606% Assessed CR Tax Rate +0.011509%
Year 2020 Assessed Value $296,400 Land Value $45,000 Improvement Value $251,400 Tax Amount $3,365.34 Change Rate +0.135405% Assessed CR Tax Rate +0.011354%
Year 2019 Assessed Value $296,400 Land Value $45,000 Improvement Value $251,400 Tax Amount $2,964 Change Rate -0.012592% Assessed CR Tax Rate +0.01%
Year 2018 Assessed Value $292,300 Land Value $45,000 Improvement Value $247,300 Tax Amount $3,001.8 Change Rate -0.006678% Assessed CR Tax Rate +0.01027%
Year 2017 Assessed Value $294,500 Land Value $45,000 Improvement Value $249,500 Tax Amount $3,021.98 Change Rate +0.018187% Assessed CR Tax Rate +0.010261%
Year 2016 Assessed Value $296,600 Land Value $45,000 Improvement Value $251,600 Tax Amount $2,968 Change Rate -0.013298% Assessed CR Tax Rate +0.010007%
Year 2014 Assessed Value $300,800 Land Value $45,000 Improvement Value $255,800 Tax Amount $3,008 Change Rate Assessed CR Tax Rate +0.01%
Year 2013 Assessed Value $300,800 Land Value $45,000 Improvement Value $255,800 Tax Amount $3,008 Change Rate Assessed CR Tax Rate +0.01%