$379,999
$45K PRICE DROP

Estimated payment $3,021/month

Total Views 43,639
2 Beds
2 Baths
1,558 Sq Ft
$244 Price per Sq Ft

Highlights

  • Fitness Center
  • Gated Community
  • Updated Kitchen
  • Electric Gate
  • Downtown View
  • 3-minute walk to Indianapolis Cultural Trail

About This Home

Incredible Opportunity in One of the Best Walkable Downtown Locations. Check out Unit 48 at 225 New Jersey in Lockerbie Terrace! Rare North Facing Unit w/ 2 Bed/2 Baths & Laundry In Unit. One Outside Parking Spot & One Garage Parking Spot (5 Garage, 53 Outside) within the Gated Community. Oversized Owner's Room w/ New Walk In Shower, Dual Vanity & Crazy Large Walk-In Closet Big Enough for an Office! Private Covered Patio Area, Facing Mass Ave & The Rathskeller & Quick Walk to Grocery & Dining. Hardwood Floors, 42 Inch Custom Cabinets, Amazing Oversized Windows & Open Space. Can't Miss Unit w/ Roof Top Community Deck w/ Skyline Views. Premier Building Security & Location Makes this a Top Tier Unit & Location Right in the Middle of It All.

Listing Agent

Jason Hess

Compass Indiana, LLC License #RB14048495 Listed on: 04/11/2025

Compass Indiana, LLC

Co-Listing Agent

Richie Holmes

Compass Indiana, LLC License #RB14046335

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,400

Year Built

  • Built in 2003 | Remodeled

HOA Fees

  • $588 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Electric Gate
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Stucco

Interior Spaces

  • 1,558 Sq Ft Home
  • 1-Story Property
  • Woodwork
  • Paddle Fans
  • Breakfast Room
  • Wood Flooring
  • Intercom

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Breakfast Bar
  • Electric Oven
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

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

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Balcony

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Tax Lot 49-11-01-240-243.032-101
  • Assessor Parcel Number 491101240243032101

Community Details

Overview

  • Association fees include common cooling, common heat, sewer, exercise room, insurance, maintenance structure, maintenance, management
  • Association Phone (317) 545-0105
  • Mid-Rise Condominium
  • Lockerbie Terrace Subdivision
  • Property managed by Melody Betterman-Layne Comm Management

Recreation

  • Fitness Center

Security

  • Gated Community
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,400

Year Built

Built in 2003 | Remodeled

Lot Details

0

HOA Fees

$588 per month

Parking

1

Listing Details

  • Property Sub Type: Condominium
  • Architectural Style: Contemporary
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2024
  • Year Built: 2003
  • Building Area Total: 1558
  • Garage Y N: No
  • Lot Size Acres: 0.02
  • Subdivision Name: Lockerbie Terrace
  • Transaction Type: Sale
  • Accessibility Features YN: No
  • Floor Number: 4
  • Lifestyles: Mid Rise/High Rise
  • F H A Certified: No
  • 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
  • Interior Amenities: Breakfast Bar, High Ceilings, Elevator, Paddle Fan, Hardwood Floors, Hi-Speed Internet Availbl, Eat-in Kitchen, Walk-In Closet(s), WoodWorkStain/Painted
  • Living Area: 1558
  • Main Level Bedrooms: 2
  • Other Equipment: Intercom, Smoke Alarm
  • Areas Interior: Bedroom Other on Main,Laundry in Unit,Utility Room
  • Eating Area: Breakfast Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 2
  • Main Level Sq Ft: 1558
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Kitchen Features: Kitchen Some Updates
  • Upper Level Sq Ft: 0
  • Rooms Basement: 0

Exterior Features

  • Construction Materials: Stucco
  • Direction Faces: North
  • Exterior Features: Balcony
  • Foundation Details: Slab, See Remarks
  • List Price: 379999
  • Patio And Porch Features: Covered
  • Property Condition: Updated/Remodeled
  • View: City, Downtown, Skyline
  • View Y N: Yes
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Assigned, Electric Gate, Gated, Guest, Heated Garage
  • Garage Parking Other: Assigned Parking Outside

Utilities

  • Utilities: Cable Available, Electricity Connected, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Electric: 100 Amp Service
  • Heating: Heat Pump
  • Laundry Features: Main Level, Sink
  • Water Source: Public
  • Solid Waste: Yes

Condo/Co-op/Association

  • Association Amenities: Exercise Course, Fitness Center, Insurance, Maintenance, Management
  • Association Fee: 588
  • Association Fee Frequency: Monthly
  • Association Phone: 317-545-0105
  • Association YN: Yes
  • Community Features: Fitness Center
  • Management Company Name: Melody Betterman-Layne Comm Management
  • H O A Disclosures: Covenants & Restrictions,Rental Restrictions,Transfer Fee
  • Condo Description Location: Upper Level
  • Condo Type: Horizontal

Fee Information

  • Association Fee Includes: Common Cooling, Common Heat, Sewer, Entrance Common, Exercise Room, Insurance, Maintenance Structure, Maintenance, Management

Lot Info

  • Lot Features: Gated Community
  • Property Attached Yn: No
  • Additional Parcels: No
  • Horse Amenities: None
  • Lot Size Sq Ft: 943
  • Parcel Number: 491101240243032101
  • Acres: <1/4 Acre
  • Price Acre: 18999950

Tax Info

  • Tax Annual Amount: 4400
  • Tax Lot: 49-11-01-240-243.032-101
  • Semi Annual Property Tax Amt: 2200
  • Tax Exemption: Homestead Tax Exemption

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $4,222 $345,900 $44,600 $301,300
2023 $4,222 $349,800 $44,600 $305,200
2022 $8,514 $354,800 $44,600 $310,200
2021 $7,561 $325,600 $44,600 $281,000
2020 $7,325 $314,200 $44,600 $269,600
2019 $7,685 $323,500 $44,600 $278,900
2018 $7,278 $303,500 $44,600 $258,900
2017 $6,081 $284,200 $44,600 $239,600
2016 $5,486 $261,800 $44,600 $217,200
2014 $5,531 $255,800 $44,600 $211,200
2013 $5,318 $255,800 $44,600 $211,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2025 09/01/25 For Sale $379,999 0.0% $244 / Sq Ft
08/31/2025 08/31/25 Off Market $379,999 -- --
08/20/2025 08/20/25 For Rent $2,600 0.0% --
07/11/2025 07/11/25 Price Changed $379,999 -5.0% $244 / Sq Ft
05/27/2025 05/27/25 Price Changed $399,900 -2.5% $257 / Sq Ft
05/05/2025 05/05/25 Price Changed $410,000 -3.5% $263 / Sq Ft
04/11/2025 04/11/25 For Sale $425,000 -- $273 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Enterprise Title
Interfamily Deed Transfer -- None Available
Deed -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $317,500 New Conventional
Closed $318,250 New Conventional
Source: Public Records

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Source: MIBOR Broker Listing Cooperative®

MLS Number: 22032147

MIBOR Broker Listing Cooperative®

APN: 49-11-01-240-243.032-101