NOT LISTED FOR SALE

504 N Park Ave Unit 1 Indianapolis, IN 46202

Lockerbie Square Neighborhood

Estimated Value: $461,000 - $489,000

2 Beds
2 Baths
1,224 Sq Ft
$411/mo HOA Fee

Last Sold June 27, 2023

Last sale price $465,000 $380 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $3,544/month

148 Days on Market

Highlights

  • Contemporary Architecture
  • Wood Flooring
  • Covered patio or porch
  • Vaulted Ceiling
  • Corner Lot
  • Balcony

About This Home

As of June 2023

Location, Location! 2 parking spots included! Turn key corner unit condo in Chatham-Arch! You're immediately greeted by a sense of luxury, & a open-concept/circular floorplan that will satisfy any entertaining/hosting situation. The kitchen is razor sharp - outfitted w/ an induction cook-top & luxe appliances. The primary suite is top-tier, w/ a distinct organized flow through the walk-in closet & exceptionally finished bathroom. The secondary bedroom is large & is not to be overlooked, w/ a walk through walk-in closet & two separate entrances. The convenient attached garage couple with the ability to lock & leave makes this an ideal pied-a-terre! Steps to Mass Ave & walking distance to some of Indy's best restaurants & entertainment!

Last Agent to Sell the Property

Joe Everhart

Everhart Studio, Ltd. License #RB14039264 Listed on: 01/03/2023

Co-Listed By

Quinn Demaree

Everhart Studio, Ltd. License #RB17000004

Last Buyer's Agent

Allison Denton Hunckler

Maywright Property Co.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,758

Year Built

  • Built in 2016

Lot Details

  • 828

HOA Fees

  • $411 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Heated Garage
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 1,224 Sq Ft Home
  • 1-Story Property
  • Woodwork
  • Vaulted Ceiling
  • Thermal Windows
  • Entrance Foyer
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Intercom

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • <<OvenToken>>
  • Electric Cooktop
  • <<microwave>>
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Accessible Home Design

  • Handicap Accessible
  • Accessibility Features
  • Accessible Entrance

Outdoor Features

  • Balcony
  • Covered patio or porch

Utilities

  • Forced Air Heating System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 491101112027000101

Community Details

Overview

  • Association fees include insurance, ground maintenance, maintenance, management, snow removal, trash
  • Association Phone (317) 545-0105
  • 500 Park Residences Subdivision
  • Property managed by Communitas
  • The community has rules related to covenants, conditions, and restrictions

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,758

Year Built

Built in 2016

Lot Details

0

HOA Fees

$411 per month

Parking

2

Listing Details

  • Property Sub Type: Condominium
  • Architectural Style: Contemporary
  • Property Type: Residential
  • New Construction: No
  • Accessibility Features: Accessible Entrance
  • Tax Year: 2021
  • Year Built: 2016
  • Building Area Total: 1224
  • Co List Office Phone: 317-916-1052
  • Garage Y N: Yes
  • Subdivision Name: 500 Park Residences
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Accessibility Features YN: Yes
  • Floor Number: 2
  • Lifestyles: Other/See Remarks
  • Unit Entry Level: 1
  • F H A Certified: No
  • MBR_AttributionContact: joe@everhartlistings.com
  • Special Features: VirtualTour

Interior Features

  • Common Walls: End Unit
  • Basement: No
  • Appliances: Electric Cooktop, Dishwasher, Dryer, Disposal, Microwave, Refrigerator, Washer, Oven, Electric Water Heater
  • Levels: One
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Living Room
  • Fireplaces: 1
  • Interior Amenities: Raised Ceiling(s), Walk-in Closet(s), Hardwood Floors, Windows Thermal, Wood Work Painted, Breakfast Bar, Bath Sinks Double Main, Eat-in Kitchen, Elevator, Entrance Foyer, Hi-Speed Internet Availbl, Network Ready, Center Island
  • Living Area: 1224
  • Main Level Bedrooms: 2
  • Other Equipment: Intercom, Smoke Alarm
  • Eating Area: Dining Combo/Living Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 2
  • Main Level Sq Ft: 1224
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Upper Level Sq Ft: 0
  • ResoLivingAreaSource: Builder
  • Rooms Basement: 0

Exterior Features

  • Construction Materials: Brick
  • Exterior Features: Exterior Handicap Accessible, Balcony
  • Foundation Details: Slab
  • List Price: 495000
  • Patio And Porch Features: Covered Patio

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Assigned, Attached, Heated
  • Garage Parking Other: Finished Garage,Keyless Entry

Utilities

  • Utilities: Cable Available
  • Cooling: Central Electric
  • Heating: Forced Air, Electric
  • Laundry Features: Main Level
  • Water Source: Municipal/City
  • Solid Waste: Yes

Condo/Co-op/Association

  • Association Fee: 411
  • Association Fee Frequency: Monthly
  • Association Phone: 317-545-0105
  • Association YN: Yes
  • Management Company Name: Communitas
  • H O A Disclosures: Covenants & Restrictions
  • Condo Description Location: Building Common Entry
  • Condo Type: Horizontal

Fee Information

  • Association Fee Includes: Entrance Common, Insurance, Maintenance Grounds, Maintenance, Management, Snow Removal, Trash

Lot Info

  • Lot Features: Corner Lot, Sidewalks, Storm Sewer, Street Lights
  • Property Attached Yn: Yes
  • Additional Parcels: No
  • Parcel Number: 491101112027000101
  • Acres: CndHPRCoop

Green Features

  • Green Certification Y N: No

Tax Info

  • Tax Annual Amount: 5758
  • Tax Lot: 0
  • Semi Annual Property Tax Amt: 2879
  • Tax Exemption: Homestead Tax Exemption,Mortage Tax Exemption

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 3, 2023
Closed on
Jul 18, 2023
Sold by
Merrifield David Bruce
Bought by
Laughlin Paige
Seller's Agent
Joe Everhart
Everhart Studio, Ltd.
Buyer's Agent
Allison Denton Hunckler
Maywright Property Co.
List Price
$495,000
Sold Price
$465,000
Premium/Discount to List
-$30,000
-6.06%
Views
149
Current Estimated Value
$478,724

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,724
Avg. Annual Appreciation
1.50%
Original Mortgage
$418,500
Outstanding Balance
$409,150
Interest Rate
5.63%
Mortgage Type
New Conventional
Estimated Equity
$70,286

Purchase Details

Listed on
Jan 24, 2017
Closed on
Aug 25, 2017
Bought by
Merrifield David Bruce
Seller's Agent
Michael Johnson
Encore Sotheby's International
Buyer's Agent
Amy Gallagher
List Price
$459,000
Sold Price
$425,000
Premium/Discount to List
-$34,000
-7.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.55%
Original Mortgage
$295,000
Interest Rate
3.96%
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
Laughlin Paige $465,000 First American Title
Merrifield David Bruce $425,000 --
Merrifield David Bruce $425,000 Royal Title Services
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Laughlin Paige $418,500
Previous Owner Merrifield David Bruce $282,530
Previous Owner Merrifield David Bruce $295,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2023 06/27/23 Sold $465,000 -6.1% $380 / Sq Ft
06/01/2023 06/01/23 Pending -- -- --
01/03/2023 01/03/23 For Sale $495,000 +16.5% $404 / Sq Ft
08/25/2017 08/25/17 Sold $425,000 0.0% $347 / Sq Ft
07/17/2017 07/17/17 Off Market $425,000 -- --
06/10/2017 06/10/17 Price Changed $449,900 -2.0% $368 / Sq Ft
05/10/2017 05/10/17 For Sale $459,000 +8.0% $375 / Sq Ft
05/09/2017 05/09/17 Off Market $425,000 -- --
02/21/2017 02/21/17 Price Changed $459,000 -4.2% $375 / Sq Ft
01/24/2017 01/24/17 For Sale $479,000 -- $391 / 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 $5,871 $474,300 $24,400 $449,900
2023 $5,871 $487,200 $24,400 $462,800
2022 $6,576 $522,600 $24,400 $498,200
2021 $5,776 $488,300 $24,400 $463,900
2020 $5,651 $475,900 $24,400 $451,500
2019 $5,696 $469,500 $24,400 $445,100
2018 $6,094 $498,000 $24,400 $473,600
2017 $5,127 $478,400 $24,400 $454,000
Source: Public Records

Agents Affiliated with this Home

  • Joe Everhart

    Seller's Agent in 2023

    Joe Everhart

    Everhart Studio, Ltd.

    (317) 701-0479

    5 in this area

    239 Total Sales

    Joe Everhart
    Section Image
  • Quinn Demaree

    Seller Co-Listing Agent in 2023

    Quinn Demaree

    Everhart Studio, Ltd.

    (317) 701-0479

    5 in this area

    190 Total Sales

    Quinn Demaree
    Section Image

  • A

    Buyer's Agent in 2023

    Allison Denton Hunckler

    Maywright Property Co.

    Section Image

  • A

    Buyer's Agent in 2023

    Ally Hunckler

    Maywright Property Co.

    (317) 441-3569

    1 in this area

    94 Total Sales

    Ally Hunckler
    Section Image
  • Michael Johnson

    Seller's Agent in 2017

    Michael Johnson

    Encore Sotheby's International

    (317) 590-3454

    1 in this area

    70 Total Sales

    Michael Johnson
    Section Image

  • A

    Buyer's Agent in 2017

    Amy Gallagher

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21898738

MIBOR Broker Listing Cooperative®

APN: 49-11-01-112-027.000-101

Indiana Marion County Indianapolis 46202 Lockerbie Square

504 N Park Ave Unit 1, Indianapolis, IN

This home is located at 504 N Park Ave Unit 1, Indianapolis, IN 46202 since 03 January 2023 and is currently estimated at $478,724, approximately $391 per square foot. This property was built in 2016. 504 N Park Ave Unit 1 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.

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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