NOT LISTED FOR SALE

Lockerbie Terrace 225 N New Jersey St Unit 68 Indianapolis, IN 46204

Market East Neighborhood

Estimated Value: $407,000 - $438,000

2 Beds
2 Baths
1,558 Sq Ft
958 Sq Ft Lot

Last Sold February 24, 2021

Last sale price $385,000 $247 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $2,722/month

19 Days on Market

Highlights

  • Penthouse
  • Elevator
  • 2 Car Attached Garage
  • Contemporary Architecture
  • Balcony
  • 3-minute walk to Indianapolis Cultural Trail

About This Home

As of February 2021

Located in the heart of downtown in highly sought after Lockerbie Terrace , this open concept penthouse is calling your name. Steps away from shopping, shows, events, Mass Ave, restaurants, and more. This condo boasts oversized windows with heart-stopping views of downtown Indy by night and abundant natural light by day. Enjoy your morning on your private balcony. The Master bedroom includes Indys "best" custom-built walk-in closets. The second bedroom includes a built-in murphy bed for a guest or can double as a home office . On-site, amenities include two parking spaces, one assigned inside and outside, and state of the
art workout facility. Rooftop balcony has panoramic views of the city. Condo has no adjoining walls to neighbors.

Last Agent to Sell the Property

Mark Branch

Highgarden Real Estate License #RB14038829 Listed on: 01/05/2021

Highgarden Real Estate

Co-Listed By

Sarah Remaley

Highgarden Real Estate License #RB18000440

Last Buyer's Agent

Thomas Stemlar

F.C. Tucker Company

F.C. Tucker Company

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,124

Year Built

  • Built in 2003

Lot Details

  • 958

Parking

  • 2 Car Attached Garage

Home Design

  • Penthouse
  • Contemporary Architecture
  • Concrete Perimeter Foundation
  • Stone

Interior Spaces

  • 1,558 Sq Ft Home
  • 1-Story Property
  • Woodwork
  • Aluminum Window Frames
  • Family or Dining Combination

Kitchen

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

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Additional Features

  • Balcony
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 491101240243008101

Community Details

Overview

  • Association fees include home owners, exercise room, insurance, lawncare, maintenance, management, snow removal, trash
  • Lockerbie Terrace Subdivision
  • Property managed by Lockerbie Terrace
  • The community has rules related to covenants, conditions, and restrictions

Additional Features

  • Elevator
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,124

Year Built

Built in 2003

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Condominium
  • Architectural Style: Contemporary
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2019
  • Year Built: 2003
  • Co List Office Phone: 317-205-4320
  • Garage Y N: Yes
  • Subdivision Name: LOCKERBIE TERRACE
  • Inspection Warranties: Not Applicable
  • Property Description: Located in the heart of downtown in highly sought after Lockerbie Terrace , this open concept penthouse is calling your name. Steps away from shopping, shows, events, Mass Ave, restaurants, and more. This condo boasts oversized windows with heart-stopping views of downtown Indy by night and abundant natural light by day. Enjoy your morning on your private balcony. The Master bedroom includes Indys "best" custom-built walk-in closets. The second bedroom includes a built-in murphy bed for a guest or can double as a home office . On-site, amenities include two parking spaces, one assigned inside and outside, and state of the art workout facility. Rooftop balcony has panoramic views of the city. Condo has no adjoining walls to neighbors.
  • Transaction Type: Sale
  • Open House Count: 0
  • Open House Public Count: 0
  • Floor Number: 6
  • Lifestyles: Pent House
  • Unit Entry Level: 6
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Basement: No
  • Appliances: Dishwasher, Dryer, Disposal, MicroHood, Gas Oven, Refrigerator, Washer
  • Levels: One
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: Window Metal, Wood Work Painted
  • Living Area: 1558
  • Other Equipment: Elevator Common, Smoke Detector
  • Room Count: 5
  • Areas Interior: Foyer Large,Laundry in Unit
  • Eating Area: Dining Combo/Great Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 2
  • Sq Ft Main Upper: 1558
  • Main Level Sq Ft: 1558
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Master Bedroom Description: Closet Walk in,Shower Stall Full,Sinks Double
  • Total Sq Ft: 1558

Exterior Features

  • Construction Materials: Stone
  • Disclosures: Not Applicable
  • Foundation Details: Concrete Perimeter
  • List Price: 393000
  • Association Maintained Building Exterior: 1
  • Porch: Balcony

Garage/Parking

  • Garage Spaces: 2
  • Fuel: Electric
  • Garage Parking Description: Attached
  • Garage Parking Other: Assigned Parking

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: Lockerbie Terrace
  • Management Company Phone: 317-631-2213
  • H O A Disclosures: Covenants & Restrictions
  • Condo Description Location: Building Common Entry
  • Condo Type: Horizontal

Fee Information

  • Association Fee Includes: Association Home Owners, Exercise Room, Insurance, Insurance, Lawncare, Maintenance, Management, Snow Removal, Trash
  • Mandatory Fee: 673

Lot Info

  • Property Attached Yn: Yes
  • Parcel Number: 491101240243008101
  • Acres: CndHPRCoop
  • Lot Number: 0
  • Lot Size: 0

Green Features

  • Green Certification Y N: 0

Tax Info

  • Tax Annual Amount: 4124
  • Semi Annual Property Tax Amt: 2062
  • Tax Exemption: HomesteadTaxExemption,MortageTaxExemption,VeteranTaxExemption

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 14, 2023
Sold by
Whisman Scott
Bought by
Schultz Terry and Schultz Barbara
Current Estimated Value
$426,230

Purchase Details

Listed on
Jan 5, 2021
Closed on
Feb 18, 2021
Sold by
Kim Jieun
Bought by
Whisman Scott
Seller's Agent
Mark Branch
Highgarden Real Estate
Buyer's Agent
Thomas Stemlar
F.C. Tucker Company
List Price
$399,000
Sold Price
$385,000
Premium/Discount to List
-$14,000
-3.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.28%
Original Mortgage
$373,450
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 20, 2020
Closed on
Sep 29, 2020
Sold by
Dubois Trust
Bought by
Kim Jieun
Seller's Agent
Dan DuBois
Town Lake & Country RealEstate
Buyer's Agent
Thomas Stemlar
F.C. Tucker Company
List Price
$419,900
Sold Price
$393,000
Premium/Discount to List
-$26,900
-6.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.89%
Original Mortgage
$314,400
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 20, 2020
Closed on
Sep 24, 2020
Sold by
Dubois Daniel J and Dubois Jessie J
Bought by
Kim Jieun
Seller's Agent
Dan DuBois
Town Lake & Country RealEstate
Buyer's Agent
Thomas Stemlar
F.C. Tucker Company
List Price
$419,900
Sold Price
$393,000
Premium/Discount to List
-$26,900
-6.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$314,400
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 19, 2018
Sold by
Riad Lutfi
Bought by
Pier Lutfi

Purchase Details

Closed on
Jun 12, 2016
Sold by
Reynders John
Bought by
Daniel J Dubois Trustee and Jessie L Dubois Trustee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
3.66%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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 Buyer Sale Price Title Company
Schultz Terry $410,000 Landquest Title
Whisman Scott $385,000 None Available
Kim Jieun -- None Available
Kim Jieun -- New Title Company Name
Pier Lutfi $295,500 --
Daniel J Dubois Trustee $300,000 --
Dubois Daniel J -- Hamilton National Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Whisman Scott $373,450
Previous Owner Kim Jieun $314,400
Previous Owner Kim Jieun $314,400
Previous Owner Dubois Daniel J $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/24/2021 02/24/21 Sold $385,000 -2.0% $247 / Sq Ft
01/25/2021 01/25/21 Pending -- -- --
01/13/2021 01/13/21 Price Changed $393,000 -1.5% $252 / Sq Ft
01/05/2021 01/05/21 For Sale $399,000 +1.5% $256 / Sq Ft
09/29/2020 09/29/20 Sold $393,000 -6.4% $252 / Sq Ft
08/19/2020 08/19/20 Pending -- -- --
08/19/2020 08/19/20 Price Changed $419,900 0.0% $270 / Sq Ft
08/19/2020 08/19/20 For Sale $419,900 +1.2% $270 / Sq Ft
08/14/2020 08/14/20 Pending -- -- --
08/03/2020 08/03/20 Price Changed $414,900 -1.2% $266 / Sq Ft
07/20/2020 07/20/20 For Sale $419,900 0.0% $270 / Sq Ft
01/17/2014 01/17/14 Rented $1,900 -5.0% --
01/02/2014 01/02/14 Under Contract -- -- --
10/07/2013 10/07/13 For Rent $2,000 -- --
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 $4,845 $396,100 $44,600 $351,500
2023 $4,845 $400,700 $44,600 $356,100
2022 $5,016 $406,500 $44,600 $361,900
2021 $4,419 $372,500 $44,600 $327,900
2020 $3,926 $336,700 $44,600 $292,100
2019 $4,123 $346,800 $44,600 $302,200
2018 $3,887 $325,000 $44,600 $280,400
2017 $3,293 $304,200 $44,600 $259,600
2016 $3,342 $316,100 $44,600 $271,500
2014 $6,672 $308,600 $44,600 $264,000
2013 $6,416 $308,600 $44,600 $264,000
Source: Public Records

Agents Affiliated with this Home

  • Mark Branch

    Seller's Agent in 2021

    Mark Branch

    Highgarden Real Estate

    (317) 403-4397

    6 in this area

    373 Total Sales

    Mark Branch
    Section Image
  • Sarah Remaley

    Seller Co-Listing Agent in 2021

    Sarah Remaley

    Highgarden Real Estate

    (219) 455-3084

    2 in this area

    63 Total Sales

    Sarah Remaley
    Section Image

  • T

    Buyer's Agent in 2021

    Thomas Stemlar

    F.C. Tucker Company

    Section Image

  • D

    Seller's Agent in 2020

    Dan DuBois

    Town Lake & Country RealEstate

    Section Image

  • D

    Seller's Agent in 2014

    Doug Bryant

    The Bryant Company, Inc.

    (317) 339-7353

    16 Total Sales

    Doug Bryant
    Section Image

  • D

    Buyer's Agent in 2014

    Dave Piccolo-Realtor

    @properties

    Section Image
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About Lockerbie Terrace

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21759356

MIBOR Broker Listing Cooperative®

APN: 49-11-01-240-243.008-101

Indiana Marion County Indianapolis 46202 Market East

225 N New Jersey St Unit 68, Indianapolis, IN

This home is located at 225 N New Jersey St Unit 68, Indianapolis, IN 46204 since 05 January 2021 and is currently estimated at $426,230, approximately $273 per square foot. This property was built in 2003. 225 N New Jersey St Unit 68 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 No. 721.

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