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Single Family ResidenceResidential
$187,208$115 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 95How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Jul 14, 2026

4640 FALCON RUN WAY

INDIANAPOLIS, IN 46254
3
Beds
3 / 1
Baths
1,623 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
1,023 ft²
Lot SizeThe size of the land the home sits on, from county records.
2000
Year BuiltThe year the home was originally built, according to county records.
2
StoriesHow many floors the home has above ground.
8
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.
1
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$187K
$177K low$197K high
Est. Owner EquityRoughly how much of the home's value the owner would keep after paying off known loans. It is our estimate minus the loans still owed.$100,808
Est. Lendable EquityThe part of the owner's equity a lender would typically let them borrow against — about 80% of their equity.$80,646
Loan-to-ValueHow much is still owed on the home compared to what it is worth. 80% means loans equal 80% of our estimate, so it shifts when the estimate does.45%
1st MortgageA loan still believed to be open on this home, in the order lenders get repaid. The first position is paid back before the second.$80,000
NEIGHBORHOOD HSNG SVCS · recorded Oct 3, 2014
2nd MortgageA loan still believed to be open on this home, in the order lenders get repaid. The first position is paid back before the second.$6,400
DEPARTMENT/METROPOLITAN DEV

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$1,776 (2024)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$160,700 (2024)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$28,000
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$132,700
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$160,700
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$160,700

Climate Risk

Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.33 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.30%
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.minimal

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
CountyMarion
Lot (acres)The size of the land the home sits on, from county records.0.02
ConstructionThe main material the home's frame and walls are built from.Wood (Unspecified)
RoofThe main material covering the roof, such as asphalt shingle or tile.Asphalt
HeatingThe type of heating system in the home.Central
CoolingThe type of cooling or air conditioning in the home.Central
FireplaceWhether the home has a fireplace, and what kind.Yes
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Attached
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(5)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Foreclosure Filings(6)

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Snacks Crossing Elementary SchoolD
Elementary · Grades KG–5 · 0.9 mi
H
Pike High SchoolC
High · Grades 9–12 · 2.5 mi
M
Lincoln Middle SchoolD
Middle · Grades 6–8 · 2.9 mi

District: Pike Township Metropolitan School District

Neighborhood · ZIP 46254These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.104
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.109
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.37

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.95%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.22%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.14%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.3%
PopulationHow many people live in this area.40,937
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.2,930 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$61,996
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$80,830
Average tempThe average temperature here across a full year.52°F
Annual precipHow much rain and melted snow falls here in a typical year.40 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.55%

Ownership

OccupancyWhether the owner appears to live here or somewhere else. It is inferred from the mailing address on record.Owner occupied
Company ownedWhether the owner is a company or trust rather than a person.No

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

4640 Falcon Run Way measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth less than 71% of homes in Indianapolis 46254
  • Costs less per square foot than 86% of homes in Indianapolis 46254
  • Bigger than 70% of homes in Northwest High School
  • Has a smaller lot than 98% of homes in Marion County
  • Among the newest homes in Northwest High School

What homes are worth in Indianapolis 46254

Each bar is how many homes fall in that price range. The marker is this home.

This home
$50K$451K

This home is worth more than 29% of homes in Indianapolis 46254.

How it measures up in Indianapolis 46254

The dot is this home. The mark in the middle is the typical home in Indianapolis 46254.

Estimated value$187,208
CheaperTypical $221,057Pricier

Pricier than 29% of homes nearby

Price per ft²$115
CheaperTypical $149Pricier

Pricier than 14% of homes nearby

Living area1,623 ft²
SmallerTypical 1,448 ft²Bigger

Bigger than 64% of homes nearby

Lot size1,023 ft²
SmallerTypical 0.16 acBigger

Bigger than 7% of homes nearby

Year built2000
OlderTypical 1990Newer

Newer than 94% of homes nearby

How 4640 Falcon Run Way ranks against every home in each area.
MeasureThis homeNorthwest High SchoolIndianapolis 46254Marion County
Estimated valuepricier than$187,20855% of homes29% of homes34% of homes
Price per ft²pricier than$11533% of homes14% of homes20% of homes
Living areabigger than1,623 ft²70% of homes64% of homes57% of homes
Lot sizebigger than1,023 ft²9% of homes7% of homes2% of homes
Year builtnewer than2000almost all homes94% of homes86% of homes

About 4640 Falcon Run Way

How much is 4640 Falcon Run Way, Indianapolis, IN worth?

The TopHap Estimate for 4640 Falcon Run Way, Indianapolis, IN is $187,208 as of Jul 14, 2026. The likely range is $177,045 to $197,371. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 4640 Falcon Run Way, Indianapolis, IN last sell?

4640 Falcon Run Way, Indianapolis, IN last sold on Oct 3, 2014, according to the county's recorded deed. TopHap holds 2 recorded sales for this parcel.

How big is 4640 Falcon Run Way, Indianapolis, IN?

4640 Falcon Run Way, Indianapolis, IN has 3 bedrooms, 3 bathrooms, 1,623 square feet of living space and a 0.02-acre lot.

When was 4640 Falcon Run Way, Indianapolis, IN built?

4640 Falcon Run Way, Indianapolis, IN was built in 2000, making it 26 years old. The building has 2 stories.

What schools serve 4640 Falcon Run Way, Indianapolis, IN?

4640 Falcon Run Way, Indianapolis, IN is assigned to Snacks Crossing Elementary School (elementary), rated D; Pike High School (high), rated C; Lincoln Middle School (middle), rated D. All sit in Pike Township Metropolitan School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 4640 Falcon Run Way, Indianapolis, IN compare to other homes in Indianapolis 46254?

Among the 9,884 homes in Indianapolis 46254, it is worth more than 29% of them ($187,208 against a typical $221,057), its price per square foot is higher than 14% of them ($115 against a typical $149), it is bigger than 64% of them (1,623 ft² against a typical 1,448 ft²), its lot is bigger than 7% of them (1,023 ft² against a typical 0.16 ac) and it is newer than 94% of them (2000 against a typical 1990). Measured against all of Marion County, it is worth more than 34% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 4640 Falcon Run Way, Indianapolis, IN?

The 2024 property tax bill for 4640 Falcon Run Way, Indianapolis, IN was $1,776. The county assessed it at $160,700.

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