NOT LISTED FOR SALE

504 N Park Ave Unit 7 Indianapolis, IN 46202

Lockerbie Square Neighborhood

Estimated Value: $481,000 - $652,000

3 Beds
2.5 Baths
1,892 Sq Ft
$296/Sq Ft Est. Value

Last Sold September 17, 2018

Last sale price $838,000 $443 Per Sq Ft

Est. 33% decrease in value since last sale

Current estimated payment $3,534/month

41 Days on Market

Highlights

  • Vaulted Ceiling
  • Built-in Bookshelves
  • Handicap Accessible
  • Elevator
  • Walk-In Closet
  • Programmable Thermostat

About This Home

As of September 2018

Rare 2-stry condo in 500 Park Residences, located in Lockerbie Sq, 2 blcks south of Mass Ave* Corner unit w/ over 600 sq. ft. of outdr terraces including covered patio & prvt rooftop terrace w/ incredible views of city skyline* Main flr has an open grt rm, dining rm & ktchn providing great living & entertainment space; Wonderful ktchn w/ cntr islnd, granite counters & Thermador gourmet applcs: 2nd bedrm w/ flr-to-ceiling window; 3rd bedrm / office; pantry; utility / laundry rm* Second flr includes an awesome mstr suite w/ Interlubke closet system & family rm w/ access to rooftop terrace* Other features include 10' ceilings, fantastic natural light, wide plank hrdwds, central controlled lights, HVAC & d00rs* 2 prk'g spaces in enclosed garage

Last Agent to Sell the Property

Michael Johnson

Encore Sotheby's International License #RB14048437 Listed on: 07/10/2018

Encore Sotheby's International

Last Buyer's Agent

Nicole Gardner

F.C. Tucker Company

F.C. Tucker Company

Property Details

Home Type

  • Co-Op

Est. Annual Taxes

  • $7,950

Year Built

  • Built in 2016

Lot Details

  • 784

Parking

  • Garage

Home Design

  • Entry on the 3rd floor
  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Built-in Bookshelves
  • Vaulted Ceiling
  • Fireplace With Gas Starter
  • Window Screens
  • Great Room with Fireplace
  • Fire and Smoke Detector

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Warming Drawer
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Accessible Home Design

  • Handicap Accessible

Utilities

  • Forced Air Heating and Cooling System
  • Dual Heating Fuel
  • Programmable Thermostat

Listing and Financial Details

  • Assessor Parcel Number 491101112027005101

Community Details

Overview

  • Association fees include insurance, maintenance
  • Mid-Rise Condominium
  • 500 Park Residences Subdivision

Amenities

  • Elevator

Property Details

Home Type

Co-Op

Est. Annual Taxes

$7,950

Year Built

Built in 2016

Lot Details

0

Listing Details

  • Property Sub Type: Condominium
  • Architectural Style: Contemp
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2017
  • Year Built: 2016
  • Garage Y N: Yes
  • Subdivision Name: 500 PARK RESIDENCES
  • Inspection Warranties: Not Applicable
  • Property Description: Rare 2-stry condo in 500 Park Residences, located in Lockerbie Sq, 2 blcks south of Mass Ave* Corner unit w/ over 600 sq. ft. of outdr terraces including covered patio & prvt rooftop terrace w/ incredible views of city skyline* Main flr has an open grt rm, dining rm & ktchn providing great living & entertainment space; Wonderful ktchn w/ cntr islnd, granite counters & Thermador gourmet applcs: 2nd bedrm w/ flr-to-ceiling window; 3rd bedrm / office; pantry; utility / laundry rm* Second flr includes an awesome mstr suite w/ Interlubke closet system & family rm w/ access to rooftop terrace* Other features include 10' ceilings, fantastic natural light, wide plank hrdwds, central controlled lights, HVAC & d00rs* 2 prk'g spaces in enclosed garage
  • Transaction Type: Sale
  • 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, Electric Oven, Refrigerator, Warming Drawer, Washer
  • Levels: Two
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Gas Starter, Great Room
  • Fireplaces: 1
  • Interior Amenities: Built In Book Shelves, Raised Ceiling(s), Walk-in Closet(s), Handicap Accessible Interior, Screens Complete
  • Living Area: 1892
  • Other Equipment: Elevator Common, Smoke Detector, Programmable Thermostat
  • Room Count: 8
  • Areas Interior: Bedroom Other on Main,Foyer Large,Living Room Formal,Laundry Room Main Level
  • Eating Area: Breakfast Bar,Center Island,Formal Dining Room,Walk In Pantry
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Sq Ft Main Upper: 1892
  • Main Level Sq Ft: 1224
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 1
  • Master Bedroom Description: Bedroom 2nd Master,Deck,Shower Stall Full,Sinks Double,Suite
  • Total Sq Ft: 1892
  • Below Grade Sq Ft: 0
  • Upper Level Sq Ft: 668
  • Optional Level Below Grade: No Basement

Exterior Features

  • Construction Materials: Brick
  • Disclosures: Not Applicable
  • Exterior Features: Exterior Handicap Accessible
  • List Price: 849900
  • Association Maintained Building Exterior: 1
  • Porch: Covered Patio,Rooftop

Garage/Parking

  • Fuel: Electric
  • Garage Parking Description: 2 Car Attached
  • Garage Parking Other: Assigned Parking,Integral Garage,Heated

Utilities

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

Condo/Co-op/Association

  • Association Fee Frequency: Monthly
  • Management Company Name: Unknown
  • Condo Description Location: End Unit,Upper Level
  • Condo Type: Co-op

Fee Information

  • Association Fee Includes: Entrance Common, Insurance, Maintenance
  • Mandatory Fee: 525

Lot Info

  • Property Attached Yn: Yes
  • Parcel Number: 491101112027005101
  • Acres: CndHPRCoop
  • Lot Information: Sidewalks,Storm Sewer,Street Lights
  • Lot Number: 0
  • Lot Size: 0

Green Features

  • Green Certification Y N: 0

Tax Info

  • Tax Annual Amount: 7950
  • Semi Annual Property Tax Amt: 3975
  • Tax Exemption: HomesteadTaxExemption,MortageTaxExemption

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 27, 2022
Sold by
Dorsa Rosemary Frances
Bought by
Rosemary Dorsa Trust
Current Estimated Value
$560,866

Purchase Details

Listed on
Jul 10, 2018
Closed on
Sep 17, 2018
Sold by
Stegemiller Matthew W
Bought by
Frances Dorsa Rosemary
Seller's Agent
Michael Johnson
Encore Sotheby's International
Buyer's Agent
Nicole Gardner
F.C. Tucker Company
List Price
$849,900
Sold Price
$838,000
Premium/Discount to List
-$11,900
-1.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.46%

Purchase Details

Closed on
Jul 13, 2016
Sold by
500 Park Residences Llc
Bought by
Stegemiller Matthew W and Stegemiller Jane A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
3.54%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

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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
Rosemary Dorsa Trust -- --
Frances Dorsa Rosemary $838,000 --
Dorsa Rosemary Frances $838,000 Title Services, Llc
Stegemiller Matthew W -- Royal Title Services
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stegemiller Matthew W $50,000
Previous Owner Stegemiller Matthew W $498,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/17/2018 09/17/18 Sold $838,000 -1.4% $443 / Sq Ft
08/21/2018 08/21/18 Pending -- -- --
07/10/2018 07/10/18 For Sale $849,900 -- $449 / 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 $17,861 $732,300 $37,600 $694,700
2023 $17,861 $752,200 $37,600 $714,600
2022 $10,286 $806,900 $37,600 $769,300
2021 $9,004 $753,900 $37,600 $716,300
2020 $8,809 $734,800 $37,600 $697,200
2019 $8,889 $724,900 $37,600 $687,300
2018 $9,522 $768,800 $37,600 $731,200
2017 $7,949 $738,600 $37,600 $701,000
Source: Public Records

Agents Affiliated with this Home

  • Michael Johnson

    Seller's Agent in 2018

    Michael Johnson

    Encore Sotheby's International

    (317) 590-3454

    1 in this area

    68 Total Sales

    Michael Johnson
    Section Image

  • N

    Buyer's Agent in 2018

    Nicole Gardner

    F.C. Tucker Company

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21579267

MIBOR Broker Listing Cooperative®

APN: 49-11-01-112-027.005-101

Indiana Marion County Indianapolis 46202 Lockerbie Square

504 N Park Ave Unit 7, Indianapolis, IN

This home is located at 504 N Park Ave Unit 7, Indianapolis, IN 46202 since 10 July 2018 and is currently estimated at $560,866, approximately $296 per square foot. This property was built in 2016. 504 N Park Ave Unit 7 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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