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8151 Lower Bay Ln; Indianapolis, IN Property Details

8151 Lower Bay Ln, Indianapolis, IN is a Condominium that was built in 1982. This property is currently a cash purchase and is not for sale. Our records show that 8151 Lower Bay Ln has 3 bedrooms, and 2.5 bathrooms, and a total of 2,435 square feet. The lot size of 8151 Lower Bay Ln is 1,307 square feet.

Off market
8151 Lower Bay Ln Indianapolis, IN 46236
$285,000 Listing Price
3 Beds
2.5 Baths
2,435 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1982
  • Est. Equity / %: $477,000 / 100%
  • Gross Yield: 8.868%
  • APN: 49-01-21-137-011.000-400
  • Situs County: Marion
  • Length Of Ownership: 5 years, 9 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 2.5
  • Full Bathrooms: 2
  • Partial Bathrooms: 1

Structure

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

Measurements

  • Total: 2,435/SqFt
  • Lot: 1,307/SqFt
  • Gross: 2,918/SqFt
  • Garage: 483/SqFt
  • Living: 2,435/SqFt
  • Basement: 607/SqFt
  • Building: 2,918/SqFt
  • Ground: 1,828/SqFt
  • Basement Finished: 607/SqFt

Legal Description

  • Description: BACKBAY HORIZ PROPERTY REGIME PHASE II BLDG 6UNIT 6-2 & 3.693% INT IN COMMON AREAS ANDFACILITIES
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: 39.90388 / -85.96987
  • Subdivision: Backbay Horiz Property Regime
  • Property Class: Residential
  • County Use Code: 550

Amenities

  • Plus Four: 9781
  • Bathroom Fixtures: 14
  • Cooling: Central
  • Fireplaces: 1
  • Garage: Attached Garage
  • Heating: Central
  • Parking: 2

HOA

  • H O A One: $400
  • H O A Amount: $400
  • H O A One Frequency: Annual
  • H O A One Name: Backbay Co-Owners Association Inc
  • H O A One Type: Condo Owner Association

Ownership Info

8151 Lower Bay Ln has no associated ownership info
8151 Lower Bay Ln has no associated ownership info.

Taxes

8151 Lower Bay Ln has 10 associated Taxes items

8151 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 $317,400. The APN we've located for 8151 Lower Bay Ln is 49-01-21-137-011.000-400.

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Taxes
  • Assessed Value:  $317,400
  • Assessed Year:  2025
  • Assessed County:  Marion
  • APN:  49-01-21-137-011.000-400
  • Assessed Land Value:  47400
  • Market Land Value:  47400
  • Tax Amount:  3606.52
  • Tax Year:  2024
  • Market Value:  317400
  • Market Year:  2025

Tax History

8151 Lower Bay Ln has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $317,400 Land Value $47,400 Improvement Value $270,000 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value Land Value Improvement Value Tax Amount $3,606.52 Change Rate -0.013895% Assessed CR Tax Rate
Year 2023 Assessed Value $329,400 Land Value $48,900 Improvement Value $280,500 Tax Amount $3,657.34 Change Rate -0.017055% Assessed CR Tax Rate +0.011103%
Year 2022 Assessed Value $321,600 Land Value $48,600 Improvement Value $273,000 Tax Amount $3,720.8 Change Rate +0.063025% Assessed CR Tax Rate +0.01157%
Year 2021 Assessed Value $305,600 Land Value $49,200 Improvement Value $256,400 Tax Amount $3,500.2 Change Rate +0.209903% Assessed CR Tax Rate +0.011454%
Year 2020 Assessed Value $256,300 Land Value $47,300 Improvement Value $209,000 Tax Amount $2,892.96 Change Rate +0.12874% Assessed CR Tax Rate +0.011287%
Year 2019 Assessed Value $256,300 Land Value $47,300 Improvement Value $209,000 Tax Amount $2,563 Change Rate +0.029235% Assessed CR Tax Rate +0.01%
Year 2018 Assessed Value $242,700 Land Value $47,800 Improvement Value $194,900 Tax Amount $2,490.2 Change Rate -0.00431% Assessed CR Tax Rate +0.01026%
Year 2017 Assessed Value $243,900 Land Value $47,800 Improvement Value $196,100 Tax Amount $2,500.98 Change Rate +0.058392% Assessed CR Tax Rate +0.010254%
Year 2016 Assessed Value $238,400 Land Value $47,600 Improvement Value $190,800 Tax Amount $2,363 Change Rate +0.008975% Assessed CR Tax Rate +0.009912%
Year 2014 Assessed Value $234,200 Land Value $48,700 Improvement Value $185,500 Tax Amount $2,341.98 Change Rate -0.000009% Assessed CR Tax Rate +0.01%
Year 2013 Assessed Value $234,200 Land Value $48,700 Improvement Value $185,500 Tax Amount $2,342 Change Rate Assessed CR Tax Rate +0.01%