NOT LISTED FOR SALE

Lockerbie Terrace 225 N New Jersey St Unit 16 Indianapolis, IN 46204

Market East Neighborhood

Estimated Value: $310,000 - $529,000

2 Beds
2 Baths
1,222 Sq Ft
741 Sq Ft Lot

Last Sold May 24, 2017

Last sale price $292,000 $239 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $2,766/month

53 Days on Market

Highlights

  • Elevator
  • 1-Story Property
  • 3-minute walk to Indianapolis Cultural Trail
  • Thermal Windows
  • Forced Air Heating and Cooling System

About This Home

As of May 2017

Can't miss condo in downtown Indy! Updates everywhere! This fantastic open floorplan unit boasts bamboo floors, granite countertops, West Elm light fixtures, new carpet, new curtains, refinished cabinets, a redone master bathroom, subway tile backsplash, California Closet, and more! Walk anywhere downtown or enjoy evenings on your rooftop overlooking the city! Welcome home!

Last Agent to Sell the Property

Benjamin Jones

Compass Indiana, LLC License #RB14043917 Listed on: 02/23/2017

Compass Indiana, LLC

Co-Listed By

Elizabeth Jones

Compass Indiana, LLC License #RB14052009

Last Buyer's Agent

Karen Welch

F.C. Tucker Company

F.C. Tucker Company

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,240

Year Built

  • Built in 2004

Lot Details

  • 741

Home Design

  • Cultured Stone Exterior
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,222 Sq Ft Home
  • 1-Story Property
  • Thermal Windows
  • Window Screens

Kitchen

  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 491101240243012101

Community Details

Overview

  • Association fees include exercise room, insurance, lawncare, professional mgmt, trash, sewer
  • Lockerbie Terrace Subdivision

Additional Features

  • Elevator
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,240

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Property Sub Type: Condominium
  • Architectural Style: Contemp
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2015
  • Year Built: 2004
  • Co List Office Phone: 317-873-5391
  • Garage Y N: No
  • Subdivision Name: LOCKERBIE TERRACE
  • Inspection Warranties: Warranty Homebuyers,Not Applicable
  • Property Description: Can't miss condo in downtown Indy! Updates everywhere! This fantastic open floorplan unit boasts bamboo floors, granite countertops, West Elm light fixtures, new carpet, new curtains, refinished cabinets, a redone master bathroom, subway tile backsplash, California Closet, and more! Walk anywhere downtown or enjoy evenings on your rooftop overlooking the city! Welcome home!
  • Transaction Type: Sale
  • Floor Number: 1
  • Unit Entry Level: 1
  • Special Features: None

Interior Features

  • Basement: No
  • Appliances: Electric Cooktop, Dishwasher, Dryer, Disposal, Microwave, Refrigerator, Washer
  • Levels: One
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: Screens Complete, Windows Thermal
  • Living Area: 1222
  • Other Equipment: Elevator Common, Smoke Detector
  • Room Count: 5
  • Areas Interior: Laundry in Unit
  • Eating Area: Breakfast Bar,Dining Combo/Living Room,Pantry
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 2
  • Sq Ft Main Upper: 1222
  • Main Level Sq Ft: 0
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Total Sq Ft: 1222
  • Below Grade Sq Ft: 0
  • Upper Level Sq Ft: 1222
  • Optional Level Below Grade: No Basement

Exterior Features

  • Construction Materials: Cultured Stone
  • Disclosures: Not Applicable
  • Foundation Details: Concrete Perimeter
  • List Price: 300000
  • Association Maintained Building Exterior: 1
  • Construction Stage: Completed

Garage/Parking

  • Fuel: Electric
  • Garage Parking Description: None
  • Garage Parking Other: Assigned Parking
  • Num Parking Spaces: 2

Utilities

  • Sewer: Sewer Connected
  • Cooling: Central Air
  • Heating: Forced Air
  • Water Source: Public
  • Solid Waste: 1
  • Water Heater: Electric

Condo/Co-op/Association

  • Association Fee Frequency: Monthly
  • Management Company Name: -
  • Condo Description Location: Building Common Entry,End Unit

Fee Information

  • Association Fee Includes: Entrance Common, Exercise Room, Insurance, Lawncare, Professional Mgmt, Trash, Sewer
  • Mandatory Fee: 514

Lot Info

  • Property Attached Yn: Yes
  • Parcel Number: 491101240243012101
  • Acres: CndHPRCoop
  • Lot Information: Corner,Sidewalks,Storm Sewer,Street Lights
  • Lot Number: 16
  • Lot Size: UNIT 16

Green Features

  • Green Certification Y N: 0

Tax Info

  • Tax Annual Amount: 2240
  • Semi Annual Property Tax Amt: 1120
  • Tax Exemption: HistoricTaxCredit

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 28, 2022
Sold by
Tyler Shaw
Bought by
Bbt Residential Llc
Total Days on Market
53
Current Estimated Value
$381,331

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Outstanding Balance
$192,215
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$162,471

Purchase Details

Closed on
Feb 23, 2022
Sold by
Tyler Shaw
Bought by
Bbt Residential Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Outstanding Balance
$192,215
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$162,471

Purchase Details

Listed on
Feb 23, 2017
Closed on
May 24, 2017
Sold by
Lenox Kelsey R
Bought by
Shaw Tyler
Seller's Agent
Benjamin Jones
Compass Indiana, LLC
Buyer's Agent
Karen Welch
F.C. Tucker Company
List Price
$305,000
Sold Price
$292,000
Premium/Discount to List
-$13,000
-4.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.45%
Original Mortgage
$142,000
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 5, 2009
Sold by
Johnston William and Johnston Mary
Bought by
Lenox Kelsey R
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Bbt Residential Llc -- Schmitz David A
Bbt Residential Llc $350,000 Schmitz David A
Shaw Tyler $292,000 --
Shaw Tyler $292,000 Title Services, Llc
Lenox Kelsey R -- Hts
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bbt Residential Llc $262,500
Closed Bbt Residential Llc $262,500
Previous Owner Shaw Tyler $142,000
Previous Owner Lenox Kelsey R $140,000
Previous Owner Johnston William $138,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2017 05/24/17 Sold $292,000 -2.7% $239 / Sq Ft
04/18/2017 04/18/17 Pending -- -- --
03/15/2017 03/15/17 Price Changed $300,000 -1.6% $245 / Sq Ft
02/23/2017 02/23/17 For Sale $305,000 -- $250 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $7,508 $314,500 $35,000 $279,500
2023 $7,508 $314,400 $35,000 $279,400
2022 $3,912 $319,000 $35,000 $284,000
2021 $3,498 $295,800 $35,000 $260,800
2020 $3,382 $285,000 $35,000 $250,000
2019 $3,554 $293,400 $35,000 $258,400
2018 $3,353 $274,600 $35,000 $239,600
2017 $2,394 $221,000 $35,000 $186,000
2016 $2,160 $203,600 $35,000 $168,600
2014 $2,136 $198,500 $35,000 $163,500
2013 $2,157 $198,500 $35,000 $163,500
Source: Public Records

Agents Affiliated with this Home

  • Benjamin Jones

    Seller's Agent in 2017

    Benjamin Jones

    Compass Indiana, LLC

    (317) 679-7074

    2 in this area

    250 Total Sales

    Benjamin Jones
    Section Image
  • Elizabeth Jones

    Seller Co-Listing Agent in 2017

    Elizabeth Jones

    Compass Indiana, LLC

    (317) 679-7073

    35 Total Sales

    Elizabeth Jones
    Section Image
  • Karen Welch

    Buyer's Agent in 2017

    Karen Welch

    F.C. Tucker Company

    (317) 502-4943

    Section Image
See All Agents

About Lockerbie Terrace

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21467732

MIBOR Broker Listing Cooperative®

APN: 49-11-01-240-243.012-101

Indiana Marion County Indianapolis 46202 Market East

225 N New Jersey St Unit 16, Indianapolis, IN

This home is located at 225 N New Jersey St Unit 16, Indianapolis, IN 46204 since 23 February 2017 and is currently estimated at $381,331, approximately $312 per square foot. This property was built in 2004. 225 N New Jersey St Unit 16 is a home located in Marion County with nearby schools including Washington Irving School 14, Arsenal Technical High School, and George Washington Community High School (9-12).

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