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Single Family ResidenceResidential
$168,900$145 / 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 85How 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
Last sold for $127,900 on Mar 18, 2020

4840 FLAME WAY

INDIANAPOLIS, IN 46254
3
Beds
1
Baths
1,162 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.
0.26 ac
Lot SizeThe size of the land the home sits on, from county records.
1977
Year BuiltThe year the home was originally built, according to county records.
1
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

$169K
$143K low$195K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$127,900 · Mar 18, 2020

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$1,013 (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.$112,100 (2024)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$22,400
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$89,700
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$112,100
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$112,100

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.0.26
ConstructionThe main material the home's frame and walls are built from.Masonry/Concrete Masonry Units (Cmus)
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.Masonry
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(2)

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

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

E
Deer Run Elementary SchoolC+
Elementary · Grades KG–5 · 0.7 mi
M
Guion Creek Middle SchoolD
Middle · Grades 6–8 · 1.5 mi
H
Pike High SchoolC
High · Grades 9–12 · 2.4 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%

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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

4840 Flame 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 81% of homes in Indianapolis 46254
  • Costs more per square foot than 70% of homes in Northwest High School
  • Smaller than 84% of homes in Indianapolis 46254
  • Has a bigger lot than 88% of homes in Northwest High School
  • Older than 79% of homes in Indianapolis 46254

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
$69K$464K

This home is worth more than 19% 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$168,900
CheaperTypical $220,487Pricier

Pricier than 19% of homes nearby

Price per ft²$145
CheaperTypical $148Pricier

Pricier than 47% of homes nearby

Living area1,162 ft²
SmallerTypical 1,456 ft²Bigger

Bigger than 16% of homes nearby

Lot size0.26 ac
SmallerTypical 0.16 acBigger

Bigger than 81% of homes nearby

Year built1977
OlderTypical 1990Newer

Newer than 21% of homes nearby

How 4840 Flame Way ranks against every home in each area.
MeasureThis homeNorthwest High SchoolIndianapolis 46254Marion County
Estimated valuepricier than$168,90039% of homes19% of homes28% of homes
Price per ft²pricier than$14570% of homes47% of homes47% of homes
Living areabigger than1,162 ft²27% of homes16% of homes27% of homes
Lot sizebigger than0.26 ac88% of homes81% of homes66% of homes
Year builtnewer than197771% of homes21% of homes62% of homes

About 4840 Flame Way

How much is 4840 Flame Way, Indianapolis, IN worth?

The TopHap Estimate for 4840 Flame Way, Indianapolis, IN is $168,900 as of Jul 14, 2026. The likely range is $143,201 to $194,599. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 4840 Flame Way, Indianapolis, IN last sell?

4840 Flame Way, Indianapolis, IN last sold on Mar 18, 2020 for $127,900, according to the county's recorded deed.

How big is 4840 Flame Way, Indianapolis, IN?

4840 Flame Way, Indianapolis, IN has 3 bedrooms, 1 bathrooms, 1,162 square feet of living space and a 0.26-acre lot.

When was 4840 Flame Way, Indianapolis, IN built?

4840 Flame Way, Indianapolis, IN was built in 1977, making it 49 years old. The building has 1 story.

What schools serve 4840 Flame Way, Indianapolis, IN?

4840 Flame Way, Indianapolis, IN is assigned to Deer Run Elementary School (elementary), rated C+; Guion Creek Middle School (middle), rated D; Pike High School (high), rated C. All sit in Pike Township Metropolitan School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 4840 Flame Way, Indianapolis, IN compare to other homes in Indianapolis 46254?

Among the 9,883 homes in Indianapolis 46254, it is worth more than 19% of them ($168,900 against a typical $220,487), its price per square foot is higher than 47% of them ($145 against a typical $148), it is bigger than 16% of them (1,162 ft² against a typical 1,456 ft²), its lot is bigger than 81% of them (0.26 ac against a typical 0.16 ac) and it is newer than 21% of them (1977 against a typical 1990). Measured against all of Marion County, it is worth more than 28% 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 4840 Flame Way, Indianapolis, IN?

The 2024 property tax bill for 4840 Flame Way, Indianapolis, IN was $1,013. The county assessed it at $112,100.

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