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Meridian Tower East

Meridian Tower East

Meridian Tower East
Condominium Building Complex
The Costar Building Rating

A rating for the building relative to other buildings of the same type throughout the country. Learn more

25 E 40th St,
Indianapolis, IN 46205-2655
105 Units
7 Stories
1985 Year Built
$149K - $501K Value Range

Available Units

For Sale
No Units Available
For Rent
No Units Available

Highlights

  • Community Pool
  • 1 Garage Space Per Unit
  • 24 Hour Access
  • 2 min walk to Tarkington Park

Urban Living in the Heart of Meridian Kessler

Meridian Tower East, a seven-story condominium building, stands prominently in the Meridian Kessler neighborhood of Indianapolis. Completed in 1985, this mid-rise structure houses 105 units, offering a blend of urban convenience and residential comfort. Its location places residents in a vibrant community with easy access to both Downtown Indianapolis and Broad Ripple, making it an ideal spot for those who appreciate city living with a touch of suburban tranquility.

Diverse Layouts with Modern Touches

Meridian Tower East offers a variety of floor plans to suit different needs, ranging from one to four-bedroom units. The one-bedroom condos, sized between 932 and 1,914 square feet, typically sell for around $230,000. These units feature updated kitchens and large windows that provide ample natural light throughout the day. The two-bedroom units, ranging from 893 to 2,390 square feet, are priced between $210,000 and $245,000. These condos often include updated features such as luxury vinyl plank flooring and modern cabinetry. Many units also boast private balconies with views of the Meridian Kessler neighborhood, perfect for enjoying a quiet dinner or morning coffee. For those needing more space, the three-bedroom units offer between 1,914 and 3,927 square feet of living area. These condos come with two to four bathrooms, ensuring ample space for families or those who enjoy hosting guests. Features such as large kitchen islands and in-unit washers and dryers add to the appeal. The largest units, the four-bedroom condos, span approximately 3,900 square feet and include four bathrooms. Priced around $470,000, these expansive homes are ideal for larger families or those seeking extra space for a home office or guest rooms. Monthly HOA fees range from $500 to $800, covering heating, cooling, water, sewer, and various maintenance services, making living here convenient and hassle-free.

Comprehensive Amenities for a Comfortable Lifestyle

Residents of Meridian Tower East enjoy a range of amenities designed to enhance their living experience. The building features a 24-hour gym, allowing for flexible workout schedules, and an outdoor saltwater pool, perfect for relaxation and socializing. For those who need to work from home or host meetings, the private meeting space and first-floor gathering room provide convenient options. The building also includes a bicycle rack and underground parking, ensuring secure storage and easy access to transportation. Additional amenities such as a storage locker, fitness center, and multi-use room cater to various lifestyle needs. Essential services like heating, air conditioning, and trash disposal are included in the HOA fees, adding to the convenience of living in this well-maintained building.

Vibrant Community with Rich History and Modern Conveniences

Meridian Kessler is a well-established neighborhood known for its historic charm and modern amenities. Residents enjoy the walkability of the area, with sidewalks leading to some of the best restaurants and bars in Indianapolis. Popular spots include Hubbard & Cravens Coffee for a morning pick-me-up and Root & Bone for a unique dining experience. The Red Key Tavern, a family-owned bar since 1933, offers a nostalgic atmosphere with its jukebox and established house rules. The neighborhood is also home to several parks, including Tarkington Park. Tarkington Park offers basketball courts, tennis courts, and a unique playground, providing recreational options for all ages. For shopping, residents have access to a variety of retail options, from boutique stores to larger shopping centers like Glendale Town Center and Circle Centre Mall. Grocery stores such as The Fresh Market and Safeway are conveniently located nearby, ensuring easy access to daily necessities. The Indiana State Fair Grounds, hosting the annual Indiana State Fair, is another notable attraction, offering a mix of entertainment, food, and cultural events.

Accessible Transportation Options for Easy Commuting

Meridian Tower East is well-connected to various transportation options, making commuting and travel convenient for residents. The Red Line bus service, with a stop at Meridian & 38th Station Nb, is just a short walk away, providing easy access to downtown Indianapolis. Additional bus stops at Illinois St & 40th St and Illinois St & 38th St offer routes to Broad Ripple and St. Vincent, enhancing connectivity within the city. For those who prefer driving, the building's underground parking ensures secure and easy access to vehicles. Major roads and highways are easily accessible, facilitating travel to different parts of the city and beyond. Indianapolis International Airport is approximately 35 minutes away by car, making it convenient for frequent travelers. The neighborhood's walkability and bikeability scores reflect its pedestrian-friendly environment, with many amenities and points of interest within walking or biking distance. This combination of transportation options ensures that residents of Meridian Tower East can navigate the city with ease, whether by public transit, car, or on foot.

Building Details

Recreation

  • Community Pool

Amenities

  • Recreation Room
  • 24 Hour Access

Parking

  • 1 Garage Space Per Unit
  • 1 Car Attached Garage
  • Assigned Parking

Condo Association

  • $510 Monthly HOA Fees
  • Monthly HOA Fees Range from $510 - $771
  • Association fees include custodian, exercise room, ground maintenance
  • Association Phone (317) 570-4358
  • The Modern Subdivision
  • Property managed by Kirkpatrick Management Company

Building Design

  • Mid-Rise Condominium

Unit Information By Building

Unit
2K
Date
05/11/2024
Beds
2 Beds
Baths
2 Baths
Sq Ft
1,448
Price
$230,000
Price / Sq Ft
$159 / Sq Ft

Unit Size and Value Ranges

1 Bedroom Units
Sq Ft Range
932 - 982
Est. Values
$149,038 - $214,105
2 Bedroom Units
Sq Ft Range
893 - 2,390
Est. Values
$204,947 - $358,652
3 Bedroom Units
Sq Ft Range
1,914 - 3,927
Est. Values
$396,039 - $500,630
4 Bedroom Units
Sq Ft Range
3,927
Est. Values
$500,630
All Units
Sq Ft Range
893 - 3,927
Est. Values
$149,038 - $500,630

Map

Area Factors

Low Crime

Crime Score®

3 / 10

Bikeable

Bike Score®

66 / 100

Very Walkable

Walk Score®

71 / 100

Some Transit

Transit Score®

48 / 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score

WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Environmental Factors

Active

Sound Score®

72 / 100

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Air Pollution®

N/A / 10

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Flood Factor®

N/A / 10

--

Fire Factor®

N/A / 10

--

Heat Factor®

N/A / 10

--

Wind Factor®

N/A / 10
Source: First Street, How Loud
Sources: First Street, How Loud

Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.

Parks in this Area

Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology
Disclaimer: Please note that this building may not be in these schools' attendance zones.

Agents Active in this Building

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Property Taxes

Range in Assessed Values
$148K - $625K
Range of Taxes in Building
$1,023 - $7,492
Range of Taxes per Sq Ft
$1.00 - $4.10

Property Tax History

Source: Public Records

Building Team

Developer
Bruce A. Bodner Company, Inc.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed and should be independently verified.