$132,000
SOLD MAY 8, 2025

Meridian Tower East 25 E 40th St Unit 3 Indianapolis, IN 46205

Meridian Kessler Neighborhood
1 Bed
1 Bath
942 Sq Ft
$523/mo HOA Fee

Recently Sold

$140 Per Sq Ft

15% Below List Price

192 Days on Market

Highlights

  • Fitness Center
  • 1 Car Attached Garage
  • Laundry closet
  • Community Pool
  • Storage
  • 2-minute walk to Tarkington Park

About This Home

As of May 2025

This home is located at 25 E 40th St Unit 3, Indianapolis, IN 46205 and is currently priced at $132,000, approximately $140 per square foot. This property was built in 1965. 25 E 40th St Unit 3 is a home located in Marion County with nearby schools including James Whitcomb Riley School 43, Robert Lee Frost School 106, and Charles Warren Fairbanks School 105.

Last Agent to Sell the Property

Robert Kincaid

Kincaid REALTORS, LLC License #RB14019107 Listed on: 09/25/2024

Co-Listed By

Shirley Mueller

Kincaid REALTORS, LLC License #RB14033173

Last Buyer's Agent

David McBeath

Carpenter, REALTORS®

Carpenter, REALTORS®

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1965

HOA Fees

  • $523 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • Assigned Parking

Home Design

  • Poured Concrete
  • Stone

Interior Spaces

  • 942 Sq Ft Home
  • 1-Story Property
  • Combination Dining and Living Room
  • Storage

Kitchen

  • Electric Oven
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry closet
  • Dryer

Utilities

  • Central Air

Listing and Financial Details

  • Tax Lot 490613150130016801
  • Assessor Parcel Number 490613150130016801
  • Seller Concessions Not Offered

Community Details

Overview

  • Association fees include home owners, common cooling, exercise room, insurance, lawncare, maintenance structure, maintenance, management, snow removal, trash
  • Association Phone (317) 570-4358
  • Mid-Rise Condominium
  • The Modern Subdivision
  • Property managed by Kirkpatrick Management Company

Recreation

Property Details

Home Type

Condominium

Year Built

Built in 1965

Lot Details

0

HOA Fees

$523 per month

Parking

1

Listing Details

  • Property Sub Type: Condominium
  • Architectural Style: Split Level
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2024
  • Year Built: 1965
  • Building Area Total: 942
  • Co List Office Phone: 317-848-1118
  • Garage Y N: Yes
  • Subdivision Name: The Modern
  • Transaction Type: Sale
  • Accessibility Features YN: No
  • Floor Number: 3
  • 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, Microwave, Electric Oven, Refrigerator
  • Levels: One
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Interior Amenities: Elevator, Storage, Supplemental Storage
  • Living Area: 942
  • Eating Area: Dining Combo/Living Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Main Level Sq Ft: 942
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Upper Level Sq Ft: 0

Exterior Features

  • Construction Materials: Stone
  • Direction Faces: North
  • Foundation Details: Poured Concrete

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Assigned, Attached, Garage Door Opener

Utilities

  • Cooling: Central Air
  • Heating: Hot Water
  • Laundry Features: In Unit, Laundry Closet
  • Water Source: Public
  • Solid Waste: No

Condo/Co-op/Association

  • Association Amenities: Exercise Course, Fitness Center, Insurance, Maintenance, Management, Snow Removal, Trash
  • Association Fee: 523
  • Association Fee Frequency: Monthly
  • Association Phone: 317-570-4358
  • Association YN: Yes
  • Community Features: Fitness Center, Pool, Sidewalks
  • Management Company Name: Kirkpatrick Management Company
  • H O A Disclosures: Covenants & Restrictions,Rental Restrictions,Rules & Regulations
  • Condo Description Location: Building Common Entry,Upper Level
  • Condo Type: Horizontal

Fee Information

  • Association Fee Includes: Association Home Owners, Common Cooling, Entrance Common, Exercise Room, Insurance, Lawncare, Maintenance Structure, Maintenance, Management, Snow Removal, Trash

Lot Info

  • Property Attached Yn: Yes
  • Additional Parcels: No
  • Horse Amenities: None
  • Parcel Number: 490613150130016801
  • Acres: <1/4 Acre

Tax Info

  • Tax Annual Amount: 3550
  • Tax Lot: 490613150130016801
  • Semi Annual Property Tax Amt: 1775
  • Tax Exemption: None

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/08/2025 05/08/25 Sold $132,000 -5.4% $140 / Sq Ft
04/05/2025 04/05/25 Pending -- -- --
03/26/2025 03/26/25 Price Changed $139,500 -6.7% $148 / Sq Ft
03/06/2025 03/06/25 Price Changed $149,500 -31.7% $159 / Sq Ft
11/20/2024 11/20/24 Sold $219,000 -2.7% $230 / Sq Ft View Prior Sale
10/04/2024 10/04/24 Pending -- -- --
10/03/2024 10/03/24 For Sale $225,000 +44.3% $237 / Sq Ft
09/25/2024 09/25/24 For Sale $155,900 -- $165 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Robert Kincaid

    Seller's Agent in 2025

    Robert Kincaid

    Kincaid REALTORS, LLC

    (317) 431-6176

    1 in this area

    61 Total Sales

    Robert Kincaid
    Section Image
  • Shirley Mueller

    Seller Co-Listing Agent in 2025

    Shirley Mueller

    Kincaid REALTORS, LLC

    (317) 431-9544

    1 in this area

    56 Total Sales

    Shirley Mueller
    Section Image

  • D

    Buyer's Agent in 2025

    David McBeath

    Carpenter, REALTORS®

    Section Image
  • Joe Everhart

    Seller's Agent in 2024

    Joe Everhart

    Everhart Studio, Ltd.

    (317) 701-0479

    8 in this area

    220 Total Sales

    Joe Everhart
    Section Image
  • Quinn Demaree

    Seller Co-Listing Agent in 2024

    Quinn Demaree

    Everhart Studio, Ltd.

    (317) 701-0479

    6 in this area

    173 Total Sales

    Quinn Demaree
    Section Image

  • T

    Buyer's Agent in 2024

    Tatiana Van Braeckel

    Maywright Property Co.

    Section Image
See All Agents

About Meridian Tower East

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22003632

MIBOR Broker Listing Cooperative®
Indiana Marion County Indianapolis 46205 Meridian Kessler

25 E 40th St Unit 3, Indianapolis, IN

Sold

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