NOT LISTED FOR SALE

504 N Park Ave Unit 11 Indianapolis, IN 46202

Lockerbie Square Neighborhood

Estimated Value: $516,000 - $823,000

3 Beds
2.5 Baths
2,129 Sq Ft
802 Sq Ft Lot

Last Sold November 13, 2019

Last sale price $860,000 $404 Per Sq Ft

Est. 24% decrease in value since last sale

Current estimated payment $4,304/month

106 Days on Market

Highlights

  • Contemporary Architecture
  • Vaulted Ceiling
  • Elevator
  • Great Room with Fireplace
  • Wood Flooring
  • Walk-In Closet

About This Home

As of November 2019

Experience the ultimate in sophisticated luxury in this beautifully constructed condo w/ attention to detail, located in the heart of downtown Indpls just off Mass Ave. This modern smart home features automatic blinds, museum quality lighting, security system, programmable thermostat, sound system & Apple TV all easily controlled from smart phone. Spacious kitchen & great rm open up into outdoor living space w/ multiple sitting areas, herb wall garden, flat screen tv & grill making this home perfect for entertaining. Kitchen boasts high gloss Rutt cabinetry, Miele appliances, marble counter tops & expansive island. Preverco birch wood flooring throughout. 3 parking spaces in garage. Elevator. See attached list of features.

Last Agent to Sell the Property

Jen Webster

F.C. Tucker Company License #RB14024935 Listed on: 06/17/2019

F.C. Tucker Company

Co-Listed By

Marsha Wilson

F.C. Tucker Company License #RB14038398

Last Buyer's Agent

Steve Lew

Steve Lew Real Estate Group, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,288

Year Built

  • Built in 2016

Lot Details

  • 802

Parking

  • 3 Car Garage

Home Design

  • Contemporary Architecture
  • Entry on the 3rd floor
  • Brick Exterior Construction
  • Block Foundation
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Sound System
  • Vaulted Ceiling
  • Gas Log Fireplace
  • Great Room with Fireplace
  • 2 Fireplaces
  • Wood Flooring
  • Monitored

Kitchen

  • Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Programmable Thermostat
  • Water Purifier

Additional Features

  • Handicap Accessible
  • Sprinkler System

Listing and Financial Details

  • Assessor Parcel Number 491101112027009101

Community Details

Overview

  • Association fees include home owners, ground maintenance, maintenance structure, maintenance, snow removal, sewer
  • Mid-Rise Condominium
  • 500 Park Residences Subdivision
  • Property managed by 500 Park Residences Co-owners Assoc.
  • 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

$10,288

Year Built

Built in 2016

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Condominium
  • Architectural Style: Contemporary
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2018
  • Year Built: 2016
  • Co List Office Phone: 317-841-8880
  • Garage Y N: Yes
  • Lot Size Acres: 0.0184
  • Subdivision Name: 500 PARK RESIDENCES
  • Inspection Warranties: General
  • Property Description: Experience the ultimate in sophisticated luxury in this beautifully constructed condo w/ attention to detail, located in the heart of downtown Indpls just off Mass Ave. This modern smart home features automatic blinds, museum quality lighting, security system, programmable thermostat, sound system & Apple TV all easily controlled from smart phone. Spacious kitchen & great rm open up into outdoor living space w/ multiple sitting areas, herb wall garden, flat screen tv & grill making this home perfect for entertaining. Kitchen boasts high gloss Rutt cabinetry, Miele appliances, marble counter tops & expansive island. Preverco birch wood flooring throughout. 3 parking spaces in garage. Elevator. See attached list of features.
  • Transaction Type: Sale
  • Website: www.jenweb.com
  • Floor Number: 3
  • Lifestyles: Mid Rise/High Rise
  • Unit Entry Level: 3
  • Special Features: None

Interior Features

  • Basement: No
  • Appliances: Electric Cooktop, Dishwasher, Dryer, Disposal, Microwave, Oven, Refrigerator, Washer, Wine Cooler
  • Levels: Two
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Gas Log, Great Room
  • Fireplaces: 2
  • Interior Amenities: Raised Ceiling(s), Walk-in Closet(s), Hardwood Floors
  • Living Area: 2129
  • Other Equipment: Elevator Common, Security Alarm Monitored, Smoke Detector, Surround Sound, Programmable Thermostat, Water Purifier, Water-Softener Owned
  • Room Count: 7
  • Areas Interior: Bath Jack-n-Jill,Bedroom Other on Main,Laundry Room Main Level
  • Eating Area: Other Eating Area
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 2
  • Sq Ft Main Upper: 2129
  • Main Level Sq Ft: 1295
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Master Bedroom Description: Balcony,Closet Walk in,Fireplace,Shower Stall Full,Suite
  • Total Sq Ft: 2129
  • Kitchen Features: Breakfast Bar,Center Island,Pantry
  • Below Grade Sq Ft: 0
  • Upper Level Sq Ft: 834

Exterior Features

  • Construction Materials: Brick, Block
  • Disclosures: Not Applicable
  • Exterior Features: Exterior Handicap Accessible, Irrigation System
  • Foundation Details: Block, Concrete Perimeter
  • List Price: 999000
  • Association Maintained Building Exterior: 1

Garage/Parking

  • Garage Spaces: 3
  • Fuel: Gas
  • Garage Parking Description: Attached,Built-In
  • Garage Parking Other: Assigned Parking,Shared Garage,Guest Parking Premises,Guest Street Parking,Heated

Utilities

  • Sewer: Sewer Connected
  • Cooling: Central Air
  • Heating: Forced Air
  • Water Source: Public
  • Solid Waste: 0
  • Utility Options: Gas Connected,High Speed Internet Avail
  • Water Heater: Electric

Condo/Co-op/Association

  • Association Fee Frequency: Monthly
  • Management Company Name: 500 Park Residences Co-owners Assoc.
  • Management Company Phone: 865-315-7505
  • H O A Disclosures: Covenants & Restrictions
  • Condo Description Location: End Unit,Upper Level
  • Condo Type: Horizontal

Fee Information

  • Association Fee Includes: Association Home Owners, Maintenance Grounds, Maintenance Structure, Maintenance, Snow Removal, Sewer
  • Mandatory Fee: 564

Lot Info

  • Property Attached Yn: Yes
  • Parcel Number: 491101112027009101
  • Acres: <1/4 Acre
  • Lot Information: Sidewalks,Storm Sewer,Street Lights
  • Lot Number: 11
  • Lot Size: 800

Green Features

  • Green Certification Y N: 0

Tax Info

  • Tax Annual Amount: 10288
  • Semi Annual Property Tax Amt: 5144
  • Tax Exemption: HomesteadTaxExemption

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2019
Closed on
Nov 13, 2019
Sold by
Pearl James C
Bought by
Litt Ethan L
Seller's Agent
Jen Webster
F.C. Tucker Company
Buyer's Agent
Steve Lew
Steve Lew Real Estate Group, LLC
List Price
$1,199,000
Sold Price
$860,000
Premium/Discount to List
-$339,000
-28.27%
Current Estimated Value
$656,497

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$203,503
Avg. Annual Appreciation
-4.48%
Original Mortgage
$688,000
Outstanding Balance
$605,865
Interest Rate
3.65%
Mortgage Type
New Conventional
Estimated Equity
$50,632

Purchase Details

Closed on
Sep 29, 2016
Sold by
500 Park Residences Llc
Bought by
Pearl James C
Source: Public Records

Range of Values:

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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
Litt Ethan L -- Quality Title
Pearl James C -- Royal Title Services
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Litt Ethan L $688,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/13/2019 11/13/19 Sold $860,000 -13.9% $404 / Sq Ft
10/02/2019 10/02/19 Pending -- -- --
09/27/2019 09/27/19 Price Changed $999,000 -9.1% $469 / Sq Ft
08/08/2019 08/08/19 Price Changed $1,099,000 -8.3% $516 / Sq Ft
06/17/2019 06/17/19 For Sale $1,199,000 +11.2% $563 / Sq Ft
12/16/2016 12/16/16 Sold $1,078,211 0.0% $506 / Sq Ft
12/16/2016 12/16/16 For Sale $1,078,211 -- $506 / 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 $9,873 $788,100 $40,500 $747,600
2023 $9,873 $809,500 $40,500 $769,000
2022 $16,631 $868,500 $40,500 $828,000
2021 $9,710 $811,300 $40,500 $770,800
2020 $9,501 $790,800 $40,500 $750,300
2019 $9,591 $780,200 $40,500 $739,700
2018 $10,288 $827,400 $40,500 $786,900
2017 $8,568 $794,900 $40,500 $754,400
Source: Public Records

Agents Affiliated with this Home

  • Jen Webster

    Seller's Agent in 2019

    Jen Webster

    F.C. Tucker Company

    (317) 691-5366

    139 Total Sales

    Jen Webster
    Section Image
  • Marsha Wilson

    Seller Co-Listing Agent in 2019

    Marsha Wilson

    F.C. Tucker Company

    (317) 627-3069

    85 Total Sales

    Marsha Wilson
    Section Image

  • S

    Buyer's Agent in 2019

    Steve Lew

    Steve Lew Real Estate Group, LLC

    Section Image

  • N

    Seller's Agent in 2016

    Non-BLC Member

    MIBOR REALTOR® Association

    Non-BLC Member
    Section Image
  • David Martin

    Buyer's Agent in 2016

    David Martin

    F.C. Tucker Company

    (317) 843-7766

    138 Total Sales

    David Martin
    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21647561

MIBOR Broker Listing Cooperative®

APN: 49-11-01-112-027.009-101

Indiana Marion County Indianapolis 46202 Lockerbie Square

504 N Park Ave Unit 11, Indianapolis, IN

This home is located at 504 N Park Ave Unit 11, Indianapolis, IN 46202 since 17 June 2019 and is currently estimated at $656,497, approximately $308 per square foot. This property was built in 2016. 504 N Park Ave Unit 11 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.

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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