5140 Falcon Ln
Indianapolis, IN 46224
3 bd 1 ba 1,160 sqft Built 1959 Lot 6,970 sqft single_family
Most recent sale
$130,000
Dec 13, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Dec 13, 2022 | Sold | $130,000 | Public Record |
| Nov 22, 2022 | Sold | $130,000 | MIBOR |
| Nov 22, 2022 | Listing removed | $129,900 | MIBOR |
| Oct 7, 2022 | Listed | $129,900 | MIBOR |
| May 3, 2005 | Sold | $101,080 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $179,200 | $8,400 | $187,600 | $2,092 |
| 2024 | $139,300 | $8,400 | $147,700 | $1,783 |
| 2023 | $132,100 | $8,400 | $140,500 | $1,592 |
| 2022 | $90,600 | $8,400 | $99,000 | $1,626 |
| 2021 | $90,600 | $8,400 | $99,000 | $1,017 |
| 2020 | $76,900 | $8,400 | $85,300 | $754 |
| 2019 | $75,200 | $8,400 | $83,600 | $732 |
| 2018 | $69,100 | $8,400 | $77,500 | $630 |
| 2017 | $65,000 | $8,400 | $73,400 | $529 |
| 2016 | $65,600 | $8,400 | $74,000 | $506 |
| 2015 | $64,500 | $8,400 | $72,900 | $494 |
| 2014 | $63,000 | $8,400 | $71,400 | $463 |
| 2013 | $61,800 | $8,400 | $70,200 | $457 |
| 2012 | $66,000 | $8,400 | $74,400 | $557 |
| 2011 | $72,700 | $8,100 | $80,800 | $683 |
| 2010 | $75,600 | $8,100 | $83,700 | $687 |
| 2008 | $83,100 | $8,100 | $91,200 | $664 |
| 2006 | $82,500 | $8,100 | $90,600 | $793 |
Property facts
Year built
1959
Property type
single_family
Stories
1
Beds
3
Baths
1
Living area
1,160 sqft
Lot size
6,970 sqft
ZIP code
46224
City
Indianapolis
Street
Falcon Ln
Coordinates
39.82251, -86.24829
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$780
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 5140 Falcon Ln last sell?
5140 Falcon Ln most recently sold on Dec 13, 2022 for $130,000.
What is the current tax assessment for 5140 Falcon Ln?
The most recent total assessment for 5140 Falcon Ln (year 2025) is $187,600 with $2,092 in property tax.
How does 5140 Falcon Ln's assessment compare to its last sale price?
The current assessment is 44.3% above the last sale price of $130,000.
When was 5140 Falcon Ln built?
5140 Falcon Ln was built in 1959.
How does 5140 Falcon Ln compare to others on Falcon Ln?
We track 8 other properties on Falcon Ln. Browse the list under "Other properties on Falcon Ln" to compare beds, baths, and sale history.
What are the property facts for 5140 Falcon Ln?
5140 Falcon Ln is a 3 bed, 1 bath, 1,160 sqft, 6,970 sqft lot single_family.
Is 5140 Falcon Ln a flip candidate?
No — 5140 Falcon Ln does not appear in our flips dataset.
Is 5140 Falcon Ln a tax-appeal candidate?
Yes — 5140 Falcon Ln appears in our tax-appeal candidates list, meaning its current assessment exceeds its recent sale price by 15% or more.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+1.2%
Implied 1-yr
+4.8%
2026 Q1
$279.8K
2026 Q2
$282.9K
ZIP 46224 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Falcon Ln