NOT LISTED FOR SALE

Lockerbie Terrace 225 N New Jersey St Unit 56 Indianapolis, IN 46204

Market East Neighborhood

Estimated Value: $342,000 - $395,000

2 Beds
2 Baths
1,371 Sq Ft
$450/mo HOA Fee

Last Sold April 14, 2023

Last sale price $360,000 $263 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,816/month

3 Days on Market

Highlights

  • Rooftop Deck
  • Gated Community
  • Midcentury Modern Architecture
  • Gated Parking
  • Downtown View
  • 3-minute walk to Indianapolis Cultural Trail

About This Home

As of April 2023

IT'S RARE TO FIND THIS LIFESTYLE/PRICE THAT'S AFFORDABLE FOR WEEKEND RETREATS, LAW/MED SCHOOL OR IUPUI STUDENTS, OR ANYONE WHO NEEDS 2BR & WANTS TO ENJOY LIFE IN THIS AMAZING LOCATION... 1-2 blocks to Needlers Grocery/Whole Foods, Parks, & Mass Ave Food/Drinks & More. RARE ALSO EQUALS THE LAST 1 LEVEL, 5TH FLOOR+ CONDO, 4SALE @$360K OR LESS, W/ 1,300+ SQFT, 2 PARKING SPACES & PVT BALCONY ALL WITHIN 1/2 MILE OF THE CIRCLE (LAST WAS AUGUST 2009!) THIS BEAUTIFUL CONDO BOASTS CORNER EXPANSIVE VIEWS, OUT OVERSIZED WINDOWS, A HUGE WALK-IN CLOSET, TALL CEILINGS, NEW CARPET & PAINT, A GREAT ROOM & SPACIOUS KITCHEN W/ SS APPLIANCES & YES, THERE IS GARAGE PARKING, PLUS A COMMON ROOFTOP DECK W/ SKYLINE VIEWS, A LARGE EXERCISE RM, AND AN OPULENT LOBBY

Last Agent to Sell the Property

Mitch Rolsky

To Help U Move Inc License #RB14042173 Listed on: 03/17/2023

Last Buyer's Agent

Leslie Gardner

@properties License #RB20000429

@properties

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,996

Year Built

  • Built in 2003

Lot Details

  • 1 Common Wall
  • Landscaped with Trees

HOA Fees

  • $450 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Heated Garage
  • Common or Shared Parking
  • Garage Door Opener
  • Gated Parking
  • Assigned Parking

Home Design

  • Midcentury Modern Architecture
  • Contemporary Architecture
  • Slab Foundation
  • Concrete Perimeter Foundation
  • Stone

Interior Spaces

  • 1,371 Sq Ft Home
  • 1-Story Property
  • Built-in Bookshelves
  • Vaulted Ceiling
  • Entrance Foyer
  • Intercom

Kitchen

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

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Accessible Home Design

  • Accessible Full Bathroom
  • Halls are 36 inches wide or more
  • Handicap Accessible
  • Accessibility Features
  • Accessible Doors
  • Accessible Entrance

Outdoor Features

  • Balcony
  • Rooftop Deck
  • Covered patio or porch

Utilities

  • Forced Air Heating System
  • Electric Water Heater
  • Multiple Phone Lines

Listing and Financial Details

  • Tax Lot HPR
  • Assessor Parcel Number 491101240243038101

Community Details

Overview

  • Association fees include home owners, common cooling, common heat, exercise room, insurance, ground maintenance, maintenance structure, maintenance, management, security, trash
  • Association Phone (317) 545-0105
  • Mid-Rise Condominium
  • Lockerbie Terrace Subdivision
  • Property managed by Communitas Management
  • The community has rules related to covenants, conditions, and restrictions

Security

  • Gated Community
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,996

Year Built

Built in 2003

Lot Details

0

HOA Fees

$450 per month

Parking

1

Listing Details

  • Property Sub Type: Condominium
  • Architectural Style: Contemporary, Mid-Century Modern
  • Property Type: Residential
  • New Construction: No
  • Accessibility Features: Hallway - 36 Inch Wide, Accessible Doors, Accessible Entrance, Accessible Full Bath
  • Tax Year: 2022
  • Year Built: 2003
  • Building Area Total: 1371
  • Garage Y N: Yes
  • Subdivision Name: Lockerbie Terrace
  • Inspection Warranties: Warranty Homebuyers
  • Transaction Type: Sale
  • Website: http://www.hipurbancondos.com/
  • Accessibility Features YN: Yes
  • Floor Number: 5
  • Lifestyles: Mid Rise/High Rise
  • Unit Entry Level: 5
  • F H A Certified: No
  • MBR_AttributionContact: mitch@ToHelpUmove.com
  • Special Features: VirtualTour

Interior Features

  • Common Walls: 1 Common Wall
  • Basement: No
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Disposal, Laundry Connection in Unit, MicroHood, Electric Oven, Refrigerator, Washer, Water Softener Owned
  • Levels: One
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: Breakfast Bar, Built In Book Shelves, Raised Ceiling(s), Center Island, Elevator, Entrance Foyer, Handicap Accessible Interior, Hi-Speed Internet Availbl, Pantry, Walk-in Closet(s)
  • Living Area: 1371
  • Main Level Bedrooms: 2
  • Other Equipment: Intercom, Multiple Phone Lines, Smoke Alarm
  • Areas Interior: Bedroom Other on Main,Laundry in Unit,Utility Room
  • Eating Area: Dining Combo/Great Room,Dining-L
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 2
  • Main Level Sq Ft: 1371
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Upper Level Sq Ft: 0
  • ResoLivingAreaSource: Assessor
  • Rooms Basement: 0

Exterior Features

  • Construction Materials: Other, Stone
  • Direction Faces: Northeast
  • Exterior Features: Balcony
  • Foundation Details: Concrete Perimeter, Slab
  • List Price: 360000
  • Patio And Porch Features: Covered Porch, Rooftop
  • View: City, Downtown
  • View Y N: Yes
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Assigned, Attached, Common, Asphalt, Garage Door Opener, Gated, Heated
  • Garage Parking Other: Assigned Parking Outside,Common Lot,Garage Door Opener,Guest Street Parking,Integral Garage,Shared Garage

Utilities

  • Utilities: Cable Connected
  • Cooling: Central Electric
  • Heating: Forced Air, Electric
  • Water Source: Municipal/City
  • Solid Waste: Yes

Condo/Co-op/Association

  • Association Amenities: Elevator(s), Fitness Center, Gated, Landscaping, Maintenance Grounds, Management
  • Association Fee: 450
  • Association Fee Frequency: Monthly
  • Association Phone: 317-545-0105
  • Association YN: Yes
  • Community Features: Curbs, Gated, Sidewalks
  • Management Company Name: Communitas Management
  • H O A Disclosures: Covenants & Restrictions
  • Condo Description Location: Upper Level
  • Condo Type: Horizontal

Fee Information

  • Association Fee Includes: Association Home Owners, Common Cooling, Common Heat, Entrance Common, Exercise Room, Insurance, Maintenance Grounds, Maintenance Structure, Maintenance, Management, Security, Trash

Lot Info

  • Lot Features: Corner Lot, Sidewalks, Street Lights, Trees-Small (Under 20 Ft)
  • Property Attached Yn: Yes
  • Additional Parcels: No
  • Lot Size Sq Ft: 835
  • Parcel Number: 491101240243038101
  • Acres: CndHPRCoop
  • Price Acre: 1800000

Green Features

  • Green Certification Y N: No

Tax Info

  • Tax Annual Amount: 3996
  • Tax Block: 0
  • Tax Lot: HPR
  • Semi Annual Property Tax Amt: 1998
  • Tax Exemption: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2023
Closed on
Apr 12, 2023
Sold by
Kahn Susan
Bought by
Dkb Holdings Llc
Seller's Agent
Mitch Rolsky
To Help U Move Inc
Buyer's Agent
Leslie Gardner
@properties
List Price
$360,000
Sold Price
$360,000
Total Days on Market
3
Views
65
Current Estimated Value
$376,336

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,336
Avg. Annual Appreciation
2.11%
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
Dkb Holdings Llc $360,000 Foundation Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kahn Susan $242,400
Previous Owner Kahn Susan $256,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/14/2023 04/14/23 Sold $360,000 0.0% $263 / Sq Ft
03/21/2023 03/21/23 Pending -- -- --
03/17/2023 03/17/23 For Sale $360,000 -- $263 / 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 $4,427 $362,400 $39,500 $322,900
2023 $4,427 $366,500 $39,500 $327,000
2022 $4,573 $371,900 $39,500 $332,400
2021 $4,045 $341,400 $39,500 $301,900
2020 $3,915 $329,200 $39,500 $289,700
2019 $4,118 $339,100 $39,500 $299,600
2018 $3,890 $317,600 $39,500 $278,100
2017 $3,218 $297,300 $39,500 $257,800
2016 $2,891 $273,200 $39,500 $233,700
2014 $2,882 $266,200 $39,500 $226,700
2013 $2,898 $266,200 $39,500 $226,700
Source: Public Records

Agents Affiliated with this Home

  • Mitch Rolsky

    Seller's Agent in 2023

    Mitch Rolsky

    To Help U Move Inc

    (317) 223-1673

    4 in this area

    98 Total Sales

    Mitch Rolsky
    Section Image
  • Leslie Gardner

    Buyer's Agent in 2023

    Leslie Gardner

    @properties

    (812) 306-6561

    1 in this area

    108 Total Sales

    Leslie Gardner
    Section Image
See All Agents

About Lockerbie Terrace

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21910324

MIBOR Broker Listing Cooperative®

APN: 49-11-01-240-243.038-101

Indiana Marion County Indianapolis 46202 Market East

225 N New Jersey St Unit 56, Indianapolis, IN

This home is located at 225 N New Jersey St Unit 56, Indianapolis, IN 46204 since 17 March 2023 and is currently estimated at $376,336, approximately $274 per square foot. This property was built in 2003. 225 N New Jersey St Unit 56 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).

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 to be accurate and should be independently verified.

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