NOT LISTED FOR SALE

501 Fletcher Ave Unit D Indianapolis, IN 46203

Fletcher Place Neighborhood

Estimated Value: $492,000 - $1,276,000

3 Beds
3.5 Baths
4,070 Sq Ft
0.35 Acres

Last Sold August 19, 2016

Last sale price $1,050,000 $258 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $6,042/month

64 Days on Market

Highlights

  • 0.35 Acre Lot
  • Patio
  • Garage
  • 1 Fireplace
  • Forced Air Heating and Cooling System

About This Home

As of August 2016

This exquisitely finished contemporary condo is exceedingly rare in Indy's Urban Market. The cubic square footage/volume will leave you speechless as you enter the home. A masterful blend of a traditional structure with quiet modern good-taste. You will be seeing red in a good way when visiting the kitchen...it's marvelous! The open-concept interior and outdoor spaces with skyline views are perfect for effortless entertaining. Prime location with access to the cultural trail and Fountain Sq.

Last Agent to Sell the Property

Joe Everhart

Everhart Studio, Ltd. License #RB14039264 Listed on: 06/08/2016

Co-Listed By

Rob Measel

F.C. Tucker Company License #RB14022044

Last Buyer's Agent

Gary Swift

Compass Indiana, LLC

Compass Indiana, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $16,798

Year Built

  • Built in 1875

Lot Details

  • 0.35

Parking

  • Garage

Home Design

  • Entry on the 2nd floor
  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 1 Fireplace
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • Association fees include entrance common insurance irrigation lawncare snow removal trash sewer
  • Fletcher Subdivision

Listing and Financial Details

  • Assessor Parcel Number 491112151026003101

Property Details

Home Type

Condominium

Est. Annual Taxes

$16,798

Year Built

Built in 1875

Lot Details

0

Listing Details

  • Property Sub Type: Condominium
  • Architectural Style: Contemp
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2015
  • Year Built: 1875
  • Co List Office Phone: 317-916-1052
  • Garage Y N: Yes
  • Lot Size Acres: 0.35
  • Subdivision Name: FLETCHER
  • Inspection Warranties: Not Applicable
  • Property Description: This exquisitely finished contemporary condo is exceedingly rare in Indy's Urban Market. The cubic square footage/volume will leave you speechless as you enter the home. A masterful blend of a traditional structure with quiet modern good-taste. You will be seeing red in a good way when visiting the kitchen...it's marvelous! The open-concept interior and outdoor spaces with skyline views are perfect for effortless entertaining. Prime location with access to the cultural trail and Fountain Sq.
  • Transaction Type: Sale
  • Floor Number: 2
  • Unit Entry Level: 2
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Full
  • Appliances: Gas Cooktop,Dishwasher,Disposal,Kit Exhaust,Microwave,Double Oven,Refrigerator,Refrigerator
  • Levels: 2 1/2 Levels
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4
  • Total Bedrooms: 3
  • Fireplace Features: Gas Log,Living Room
  • Fireplaces: 1
  • Interior Amenities: Ceiling Cathedral,Skylight(s),Wood Work Painted
  • Living Area: 4070
  • Other Equipment: Elevator Common,Smoke Detector,Surround Sound
  • Room Count: 8
  • Areas Interior: Foyer Large,Bath Jack-n-Jill,Living Room - 2 Story,Laundry Room Main Level
  • Eating Area: Breakfast Bar,Center Island,Dining Combo/Kitchen,Kitchen Updated
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Sq Ft Main Upper: 4070
  • Main Level Sq Ft: 2045
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 1
  • Total Sq Ft: 4070
  • Below Grade Sq Ft: 0
  • Upper Level Sq Ft: 2025
  • Optional Level Below Grade: Basement

Exterior Features

  • Construction Materials: Brick
  • Disclosures: Not Applicable
  • Exterior Features: Driveway Concrete,Fence Privacy
  • Foundation Details: Concrete Perimeter
  • Association Maintained Building Exterior: 1
  • Porch: Open Patio

Garage/Parking

  • Fuel: Gas
  • Garage Parking Description: 2 Car Attached
  • Garage Parking Other: Assigned Parking Outside,Garage Door Opener,Finished Garage
  • Num Parking Spaces: 2

Utilities

  • Sewer: Sewer Connected
  • Cooling: Central Air
  • Heating: Forced Air
  • Water Source: Public
  • Solid Waste: 0
  • Water Heater: Gas

Condo/Co-op/Association

  • Association Fee Frequency: Monthly
  • Management Company Name: self
  • Condo Description Location: Building Common Entry,Upper Level
  • Condo Type: Horizontal

Fee Information

  • Association Fee Includes: Entrance Common,Insurance,Irrigation,Lawncare,Snow Removal,Trash,Sewer
  • Mandatory Fee: 760

Lot Info

  • Property Attached Yn: Yes
  • Parcel Number: 491112151026003101
  • Acres: 1/4-1/2 Acre
  • Lot Information: Corner,Sidewalks,Street Lights,Wedge
  • Lot Number: D
  • Lot Size: 0.35

Green Features

  • Green Certification Y N: 0

Tax Info

  • Tax Annual Amount: 16798
  • Semi Annual Property Tax Amt: 8399
  • Tax Exemption: None

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2016
Closed on
Aug 19, 2016
Sold by
Fletcher Point Partners Llc
Bought by
Rush Shannon A
Seller's Agent
Joe Everhart
Everhart Studio, Ltd.
Buyer's Agent
Gary Swift
Compass Indiana, LLC
List Price
$1,250,000
Sold Price
$1,050,000
Premium/Discount to List
-$200,000
-16%
Current Estimated Value
$999,915

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$50,085
Avg. Annual Appreciation
-0.53%
Original Mortgage
$800,000
Outstanding Balance
$617,357
Interest Rate
2.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$382,558
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Rush Shannon A -- Chicago Title Company Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rush Shannon A $800,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/19/2016 08/19/16 Sold $1,050,000 0.0% $258 / Sq Ft
08/18/2016 08/18/16 Off Market $1,050,000 -- --
08/06/2016 08/06/16 For Sale $1,250,000 +19.0% $307 / Sq Ft
06/28/2016 06/28/16 Off Market $1,050,000 -- --
06/08/2016 06/08/16 For Sale $1,250,000 -- $307 / 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 $9,135 $678,200 $115,500 $562,700
2023 $9,135 $745,400 $115,500 $629,900
2022 $9,177 $745,400 $115,500 $629,900
2021 $9,242 $771,200 $115,500 $655,700
2020 $9,957 $825,700 $115,500 $710,200
2019 $10,040 $813,800 $115,500 $698,300
2018 $9,445 $762,800 $115,500 $647,300
2017 $8,174 $759,200 $115,500 $643,700
2016 $7,799 $744,100 $115,500 $628,600
Source: Public Records

Agents Affiliated with this Home

  • Joe Everhart

    Seller's Agent in 2016

    Joe Everhart

    Everhart Studio, Ltd.

    (317) 701-0479

    1 in this area

    223 Total Sales

    Joe Everhart
    Section Image
  • Rob Measel

    Seller Co-Listing Agent in 2016

    Rob Measel

    F.C. Tucker Company

    (812) 208-0498

    5 in this area

    235 Total Sales

    Rob Measel
    Section Image

  • G

    Buyer's Agent in 2016

    Gary Swift

    Compass Indiana, LLC

    Section Image
See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21422189

MIBOR Broker Listing Cooperative®

APN: 49-11-12-151-026.003-101

Indiana Marion County Indianapolis 46202 Fletcher Place

501 Fletcher Ave Unit D, Indianapolis, IN

Not Listed for Sale

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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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