NOT LISTED FOR SALE

Meridian Tower East 25 E 40th St Unit 5K Indianapolis, IN 46205

Meridian Kessler Neighborhood

Estimated Value: $230,000 - $247,000

2 Beds
2 Baths
1,448 Sq Ft
436 Sq Ft Lot

Last Sold June 20, 2016

Last sale price $125,000 $86 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $1,492/month

1 Day on Market

Highlights

  • In Ground Pool
  • Elevator
  • Intercom
  • Midcentury Modern Architecture
  • Balcony
  • 2-minute walk to Tarkington Park

About This Home

As of June 2016

Listed & Sold

Last Agent to Sell the Property

Matt McLaughlin

F.C. Tucker Company License #RB14049997 Listed on: 05/09/2016

F.C. Tucker Company

Last Buyer's Agent

Adam Terrell

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $660

Year Built

  • Built in 1963

Lot Details

  • 436

Parking

  • Garage

Home Design

  • Midcentury Modern Architecture
  • Entry on the 5th floor
  • Brick Exterior Construction
  • Block Foundation
  • Stucco

Interior Spaces

  • 1,448 Sq Ft Home
  • 1-Story Property
  • Window Screens
  • Intercom

Kitchen

  • Electric Oven
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Balcony

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 490613150130036801

Community Details

Overview

  • Association fees include common heat, ground maintenance, maintenance, pool, security, snow removal, trash, sewer
  • 40 North On Meridian Subdivision

Recreation

Additional Features

  • Elevator
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$660

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Sub Type: Condominium
  • Architectural Style: Contemp, Mid-Century Modern
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2014
  • Year Built: 1963
  • Garage Y N: Yes
  • Lot Size Acres: 0.01
  • Subdivision Name: 40 NORTH ON MERIDIAN
  • Inspection Warranties: General
  • Property Description: Listed & Sold
  • Transaction Type: Sale
  • Floor Number: 5
  • Unit Entry Level: 5
  • F H A Certified: 0
  • Special Features: None

Interior Features

  • Basement: No
  • Appliances: Dishwasher, Dryer, Electric Oven, Refrigerator, Washer
  • Levels: One
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: Screens Complete
  • Living Area: 1448
  • Other Equipment: Elevator Common, Intercom, Smoke Detector
  • Room Count: 5
  • Areas Interior: Laundry in Unit
  • Eating Area: Eat In Kitchen,Kitchen Updated
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 2
  • Sq Ft Main Upper: 1448
  • Main Level Sq Ft: 1448
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Total Sq Ft: 1448
  • Below Grade Sq Ft: 0
  • Optional Level Below Grade: No Basement

Exterior Features

  • Construction Materials: Brick, Stucco
  • Disclosures: Not Applicable
  • Exterior Features: In Ground Pool, Pool Community
  • Foundation Details: Block
  • List Price: 125000
  • Association Maintained Building Exterior: 1
  • Construction Stage: Resale
  • Porch: Balcony

Garage/Parking

  • Fuel: Electric
  • Garage Parking Description: 1 Car Attached
  • Garage Parking Other: Assigned Parking

Utilities

  • Sewer: Sewer Connected
  • Cooling: Central Air
  • Heating: Forced Air
  • Water Source: Public
  • Solid Waste: 1
  • Utility Options: Cable Available,High Speed Internet Avail
  • Water Heater: Electric

Condo/Co-op/Association

  • Association Fee Frequency: Monthly
  • Management Company Name: NA
  • Condo Description Location: Building Common Entry

Fee Information

  • Association Fee Includes: Entrance Common, Common Heat, Maintenance Grounds, Maintenance, Pool, Security, Snow Removal, Trash, Sewer
  • Mandatory Fee: 501

Lot Info

  • Property Attached Yn: No
  • Parcel Number: 490613150130036801
  • Acres: CndHPRCoop
  • Lot Information: Sidewalks,Street Lights,Tree Mature
  • Lot Number: 5K
  • Lot Size: 226

Green Features

  • Green Certification Y N: 0

Tax Info

  • Tax Annual Amount: 660
  • Semi Annual Property Tax Amt: 330
  • Tax Exemption: HomesteadTaxExemption,MortageTaxExemption

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2016
Closed on
Jun 17, 2016
Sold by
Hill Andrew R
Bought by
Cummings Roger D and Cummings Yolanda E
Seller's Agent
Matt McLaughlin
F.C. Tucker Company
Buyer's Agent
Adam Terrell
List Price
$125,000
Sold Price
$125,000
Current Estimated Value
$239,191

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$114,191
Avg. Annual Appreciation
7.24%
Original Mortgage
$93,750
Outstanding Balance
$41,968
Interest Rate
3.58%
Mortgage Type
New Conventional
Estimated Equity
$197,223

Purchase Details

Closed on
May 21, 2012
Sold by
Meridian Properties Llc
Bought by
Hill Andrew R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,100
Interest Rate
3.9%
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
Cummings Roger D -- Security Title Services
Hill Andrew R -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cummings Roger D $93,750
Previous Owner Hill Andrew R $74,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2016 06/20/16 Sold $125,000 0.0% $86 / Sq Ft
05/10/2016 05/10/16 Pending -- -- --
05/09/2016 05/09/16 For Sale $125,000 -- $86 / 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 $2,687 $227,100 $21,900 $205,200
2023 $2,687 $224,300 $21,900 $202,400
2022 $2,307 $192,200 $21,900 $170,300
2021 $2,192 $186,900 $21,900 $165,000
2020 $2,186 $185,800 $21,900 $163,900
2019 $1,689 $142,300 $21,900 $120,400
2018 $1,631 $136,700 $21,900 $114,800
2017 $1,350 $126,300 $21,900 $104,400
2016 $537 $80,200 $21,900 $58,300
2014 $660 $86,400 $21,900 $64,500
2013 $1,723 $80,500 $21,900 $58,600
Source: Public Records

Agents Affiliated with this Home

  • Matt McLaughlin

    Seller's Agent in 2016

    Matt McLaughlin

    F.C. Tucker Company

    (317) 590-0529

    106 in this area

    683 Total Sales

    Matt McLaughlin
    Section Image

  • A

    Buyer's Agent in 2016

    Adam Terrell

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About Meridian Tower East

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21417918

MIBOR Broker Listing Cooperative®

APN: 49-06-13-150-130.036-801

Indiana Marion County Indianapolis 46205 Meridian Kessler

25 E 40th St Unit 5K, Indianapolis, IN

This home is located at 25 E 40th St Unit 5K, Indianapolis, IN 46205 since 09 May 2016 and is currently estimated at $239,191, approximately $165 per square foot. This property was built in 1963. 25 E 40th St Unit 5K is a home located in Marion County with nearby schools including James Whitcomb Riley School 43, Arsenal Technical High School, and George Washington Community High School No. 721.

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.

MIBOR Broker Listing Cooperative® Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

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