$375,000
SOLD JUN 15, 2021
2 Beds
2 Baths
1,627 Sq Ft
1,002 Sq Ft Lot

Recently Sold

$230 Per Sq Ft

5% Below List Price

121 Days on Market

Highlights

  • Contemporary Architecture
  • Elevator
  • Intercom
  • Vaulted Ceiling
  • 1 Car Attached Garage
  • 3-minute walk to Indianapolis Cultural Trail

About This Home

As of June 2021

Bright, elegant & versatile condo in the iconic Lockerbie Terrace building, just steps from the Mass Ave Arts District! A glittering foyer welcomes you into open-concept living boasting high ceilings, new carpet, & soaring windows w/impressive south-facing views of downtown. Beautifully updated kitchen overlooks dining & living areas w/access to the large private balcony! 2 BD/2BA (each w/ WICs) offers the ideal floorplan for roommates or guests. Enjoy the ease of working from home in the designated office w/ lovely French doors. Take advantage of the private fitness center & huge rooftop deck too! Walk to the grocery store, dry cleaner, park, shopping & entertainment in no time! 2 assigned parking spaces: 1 in garage & 1 in gated lot!

Last Agent to Sell the Property

Chanda Johnson

Maywright Property Co. License #RB14046367 Listed on: 01/20/2021

Last Buyer's Agent

Julianne Deely

Berkshire Hathaway Home

Berkshire Hathaway Home

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,328

Year Built

  • Built in 2003

Parking

  • 1 Car Attached Garage

Home Design

  • Contemporary Architecture
  • Entry on the 4th floor
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 1,627 Sq Ft Home
  • 1-Story Property
  • Woodwork
  • Vaulted Ceiling
  • Aluminum Window Frames
  • Combination Kitchen and Dining Room
  • Intercom

Kitchen

  • Electric Oven
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 491101240243029101

Community Details

Overview

  • Association fees include common cooling, exercise room, common heat, insurance, maintenance structure, maintenance, management, snow removal
  • Mid-Rise Condominium
  • Lockerbie Terrace Subdivision
  • Property managed by Community Management Services

Additional Features

  • Elevator
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,328

Year Built

Built in 2003

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Condominium
  • Architectural Style: Contemporary
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2021
  • Year Built: 2003
  • Garage Y N: Yes
  • Subdivision Name: LOCKERBIE TERRACE
  • Inspection Warranties: Not Applicable
  • Property Description: Bright, elegant & versatile condo in the iconic Lockerbie Terrace building, just steps from the Mass Ave Arts District! A glittering foyer welcomes you into open-concept living boasting high ceilings, new carpet, & soaring windows w/impressive south-facing views of downtown. Beautifully updated kitchen overlooks dining & living areas w/access to the large private balcony! 2 BD/2BA (each w/ WICs) offers the ideal floorplan for roommates or guests. Enjoy the ease of working from home in the designated office w/ lovely French doors. Take advantage of the private fitness center & huge rooftop deck too! Walk to the grocery store, dry cleaner, park, shopping & entertainment in no time! 2 assigned parking spaces: 1 in garage & 1 in gated lot!
  • Transaction Type: Sale
  • Floor Number: 4
  • Lifestyles: Mid Rise/High Rise
  • Unit Entry Level: 4
  • F H A Certified: 0
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Basement: No
  • Appliances: Dishwasher, Dryer, Disposal, MicroHood, Electric Oven, Refrigerator, Washer
  • Levels: One
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Interior Amenities: Raised Ceiling(s), Walk-in Closet(s), Window Metal, Wood Work Painted
  • Living Area: 1627
  • Other Equipment: Elevator Common, Intercom, Smoke Detector, Water-Softener Owned
  • Room Count: 8
  • Areas Interior: Bedroom Other on Main,Foyer Small,Laundry in Unit,Laundry Room Main Level,Utility Room
  • Eating Area: Dining Combo/Kitchen
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 2
  • Sq Ft Main Upper: 1627
  • Main Level Sq Ft: 1627
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Master Bedroom Description: Closet Walk in,Sinks Double,Suite,TubFull with Shower
  • Total Sq Ft: 1627
  • Kitchen Features: Center Island,Kitchen Updated
  • Below Grade Sq Ft: 0
  • Upper Level Sq Ft: 0

Exterior Features

  • Construction Materials: Stucco
  • Disclosures: Not Applicable
  • Foundation Details: Concrete Perimeter
  • List Price: 387000
  • Association Maintained Building Exterior: 1
  • Porch: Balcony,Rooftop

Garage/Parking

  • Garage Spaces: 1
  • Fuel: Electric
  • Garage Parking Description: Attached
  • Garage Parking Other: Assigned Parking,Assigned Parking Outside,Garage Door Opener,Shared Garage,Guest Street Parking

Utilities

  • Sewer: Sewer Connected
  • Cooling: Central Air
  • Heating: Forced Air
  • Water Source: Public
  • Solid Waste: 0
  • Utility Options: Cable Available,High Speed Internet Avail
  • Water Heater: Electric

Condo/Co-op/Association

  • Association Fee Frequency: Monthly
  • Management Company Name: Community Management Services
  • Management Company Phone: 317-631-2213
  • H O A Disclosures: Covenants & Restrictions,Rules & Regulations
  • Condo Description Location: Building Common Entry
  • Condo Type: Horizontal

Fee Information

  • Association Fee Includes: Common Cooling, Entrance Common, Exercise Room, Common Heat, Insurance, Maintenance Structure, Maintenance, Management, Snow Removal
  • Mandatory Fee: 685

Lot Info

  • Property Attached Yn: Yes
  • Parcel Number: 491101240243029101
  • Acres: CndHPRCoop
  • Lot Information: Curbs,Sidewalks,Street Lights
  • Lot Number: 0
  • Lot Size: HPR

Green Features

  • Green Certification Y N: 0

Tax Info

  • Tax Annual Amount: 4328
  • Semi Annual Property Tax Amt: 2164
  • Tax Exemption: HomesteadTaxExemption

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 10, 2022
Sold by
Philip Abraham
Bought by
Abraham Philip Revocable Living Trust and Philip
Current Estimated Value
$438,273

Purchase Details

Listed on
Jan 20, 2021
Closed on
Jun 21, 2021
Sold by
Mcmahon Vincent J and Mcmahon Maryanne
Bought by
Philip Abraham
Seller's Agent
Chanda Johnson
Maywright Property Co.
Buyer's Agent
Julianne Deely
Berkshire Hathaway Home
List Price
$395,000
Sold Price
$375,000
Premium/Discount to List
-$20,000
-5.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.75%
Original Mortgage
$300,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 20, 2021
Closed on
Jun 15, 2021
Sold by
Mcmahon Vincent J and Mcmahon Maryanne
Bought by
Abraham Philip
Seller's Agent
Chanda Johnson
Maywright Property Co.
Buyer's Agent
Julianne Deely
Berkshire Hathaway Home
List Price
$395,000
Sold Price
$375,000
Premium/Discount to List
-$20,000
-5.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 2, 2013
Closed on
Apr 18, 2014
Sold by
Sampath Hema and Venugopalan Muralidharan
Bought by
Mcmahon Keegan B and Mcmahon Vincent J
Seller's Agent
Joan Lonnemann
F.C. Tucker Company
Buyer's Agent
Kurt Flock
Flock Realty, Inc.
List Price
$295,000
Sold Price
$264,250
Premium/Discount to List
-$30,750
-10.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.01%

Purchase Details

Closed on
Dec 6, 2006
Sold by
Rhee Michael
Bought by
Venugopalan Muralidharan and Sampath Hema

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,400
Interest Rate
6.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 17, 2006
Sold by
Rhee Michael
Bought by
Venugopalan Muralidharan and Sampath Hema

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,400
Interest Rate
6.47%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Warranty Deed -- Chicago Title
Warranty Deed $375,000 Chicago Title
Deed $264,250 Chicago Title Company Llc
Warranty Deed -- Chicago Title Company Llc
Warranty Deed -- None Available
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $300,000 New Conventional
Previous Owner $300,000 New Conventional
Previous Owner $311,400 New Conventional
Previous Owner $311,400 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2021 06/15/21 Sold $375,000 -3.1% $230 / Sq Ft
05/21/2021 05/21/21 Pending -- -- --
03/09/2021 03/09/21 Price Changed $387,000 -2.0% $238 / Sq Ft
01/19/2021 01/19/21 For Sale $395,000 +49.5% $243 / Sq Ft
04/18/2014 04/18/14 Sold $264,250 -3.9% $162 / Sq Ft
04/01/2014 04/01/14 Pending -- -- --
03/18/2014 03/18/14 Price Changed $275,000 -1.8% $169 / Sq Ft
01/24/2014 01/24/14 Price Changed $280,000 -1.8% $172 / Sq Ft
12/05/2013 12/05/13 Price Changed $285,000 -0.9% $175 / Sq Ft
10/26/2013 10/26/13 Price Changed $287,500 -0.9% $177 / Sq Ft
09/05/2013 09/05/13 Price Changed $290,000 -1.7% $178 / Sq Ft
08/02/2013 08/02/13 For Sale $295,000 -- $181 / 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 $4,649 $380,400 $46,600 $333,800
2023 $4,649 $384,700 $46,600 $338,100
2022 $4,248 $390,200 $46,600 $343,600
2021 $4,248 $357,500 $46,600 $310,900
2020 $4,066 $345,000 $46,600 $298,400
2019 $4,279 $355,200 $46,600 $308,600
2018 $4,093 $333,000 $46,600 $286,400
2017 $3,379 $311,800 $46,600 $265,200
2016 $3,189 $287,000 $46,600 $240,400
2014 $3,037 $280,300 $46,600 $233,700
2013 $3,061 $280,300 $46,600 $233,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21761133

MIBOR Broker Listing Cooperative®

APN: 49-11-01-240-243.029-101