NOT LISTED FOR SALE

Real Silk Lofts 611 N Park Ave Unit 201 Indianapolis, IN 46204

Chatham Arch Neighborhood

Estimated Value: $303,000 - $328,000

2 Beds
1.5 Baths
1,116 Sq Ft
$465/mo HOA Fee

Last Sold June 14, 2024

Last sale price $288,500 $259 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $2,457/month

1 Day on Market

Highlights

  • Fitness Center
  • Contemporary Architecture
  • Community Pool
  • Gated Community
  • Vaulted Ceiling
  • 1 Car Attached Garage

About This Home

As of June 2024

Experience downtown living at its finest with this charming 2 bed, 1.5 bath condo just steps away from the vibrant Mass Ave district in Indianapolis. Indulge in the convenience of city living, surrounded by an array of restaurants, entertainment venues, and shopping destinations. This unit boasts newly painted cabinets and walls, perfectly enhancing the abundant natural light streaming in through the large windows. With two bedrooms ready for your personal touch, envision creating your ideal urban oasis in the heart of Indianapolis. Don't miss out on this opportunity to make downtown living your reality!

Last Agent to Sell the Property

Drew Schroeder

eXp Realty, LLC Brokerage Email: drew@drewcorealty.com License #RB14038598 Listed on: 05/21/2024

eXp Realty, LLC

Co-Listed By

Lindsay Schroeder

eXp Realty, LLC Brokerage Email: drew@drewcorealty.com License #RB21001214

Last Buyer's Agent

Timothy Birky

F.C. Tucker Company License #RB18001683

F.C. Tucker Company

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,348

Year Built

  • Built in 1926

Lot Details

  • 1 Common Wall

HOA Fees

  • $465 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • Guest Parking
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 1,116 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Gas Log Fireplace
  • Family Room with Fireplace
  • Combination Kitchen and Dining Room

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Gas Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Laundry closet
  • Dryer
  • Washer

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 491101202051000101

Community Details

Overview

  • Association fees include home owners, exercise room, insurance, laundry connection in unit, lawncare, maintenance structure, maintenance, management, snow removal, trash
  • Association Phone (317) 541-0000
  • Real Silk Lofts Subdivision
  • Property managed by OMNI Management Services
  • The community has rules related to covenants, conditions, and restrictions

Recreation

  • Community Pool

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,348

Year Built

Built in 1926

Lot Details

0

HOA Fees

$465 per month

Parking

1

Listing Details

  • Property Sub Type: Condominium
  • Architectural Style: Contemporary
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2023
  • Year Built: 1926
  • Building Area Total: 1116
  • Co List Office Phone: 888-611-3912
  • Garage Y N: Yes
  • Subdivision Name: Real Silk Lofts
  • Transaction Type: Sale
  • Accessibility Features YN: No
  • Floor Number: 2
  • Lifestyles: Loft,Mid Rise/High Rise
  • Unit Entry Level: 1
  • F H A Certified: Yes
  • MBR_AttributionContact: drew@drewcorealty.com
  • Attribution Contact: drew@drewcorealty.com
  • Special Features: VirtualTour

Interior Features

  • Common Walls: 1 Common Wall
  • Basement: No
  • Appliances: Gas Cooktop, Dishwasher, Dryer, Disposal, Microwave, Gas Oven, Refrigerator, Washer
  • Levels: One
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Family Room, Gas Log
  • Fireplaces: 1
  • Interior Amenities: Breakfast Bar, Raised Ceiling(s), Elevator, Hi-Speed Internet Availbl, Eat-in Kitchen, Pantry
  • Living Area: 1116
  • Main Level Bedrooms: 2
  • Spa Y N: No
  • Areas Interior: Laundry in Unit
  • Eating Area: Dining Combo/Kitchen
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Main Level Sq Ft: 1116
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 1
  • ResoLivingAreaSource: Assessor
  • Rooms Basement: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Poured Concrete
  • List Price: 285000
  • Pool Private Y N: No

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Assigned, Attached, Asphalt, Garage Door Opener, Guest Parking
  • Garage Parking Other: Guest Street Parking,Keyless Entry

Utilities

  • Cooling: Central Electric
  • Heating: Forced Air, Gas
  • Laundry Features: Laundry Closet
  • Water Source: Municipal/City
  • Solid Waste: No

Condo/Co-op/Association

  • Association Amenities: Elevator(s), Fitness Center, Indoor Pool
  • Association Fee: 465
  • Association Fee Frequency: Monthly
  • Association Phone: 317-541-0000
  • Association YN: Yes
  • Community Features: Curbs, Fitness Center, Gated, Pool, Sidewalks, Hot Tub, Street Lights
  • Management Company Name: OMNI Management Services
  • H O A Disclosures: Covenants & Restrictions
  • Condo Description Location: Building Common Entry
  • Condo Type: Horizontal

Fee Information

  • Association Fee Includes: Association Home Owners, Entrance Common, Exercise Room, Insurance, Laundry Connection In Unit, Lawncare, Maintenance Structure, Maintenance, Management, Snow Removal, Trash

Lot Info

  • Property Attached Yn: Yes
  • Horse Amenities: None
  • Parcel Number: 491101202051000101
  • Acres: <1/4 Acre

Green Features

  • Green Certification Y N: No

Tax Info

  • Tax Annual Amount: 3347.6
  • Tax Lot: 0
  • Semi Annual Property Tax Amt: 1673.8
  • Tax Exemption: Homestead Tax Exemption

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2024
Closed on
Jun 17, 2024
Sold by
Hughes Linda
Bought by
Reno Amy E
Seller's Agent
Drew Schroeder
eXp Realty, LLC
Buyer's Agent
Timothy Birky
F.C. Tucker Company
List Price
$285,000
Sold Price
$288,500
Premium/Discount to List
$3,500
1.23%
Views
23
Current Estimated Value
$316,872

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,372
Avg. Annual Appreciation
7.99%
Original Mortgage
$275,000
Outstanding Balance
$272,017
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$44,855
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
Reno Amy E $288,500 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reno Amy E $275,000
Previous Owner Hughes Linda K $25,000
Previous Owner Hughes Linda K $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2024 06/14/24 Sold $288,500 +1.2% $259 / Sq Ft
05/23/2024 05/23/24 Pending -- -- --
05/21/2024 05/21/24 For Sale $285,000 -- $255 / 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 $3,348 $274,200 $24,600 $249,600
2023 $3,348 $278,300 $24,600 $253,700
2022 $3,459 $285,500 $24,600 $260,900
2021 $3,188 $269,900 $24,600 $245,300
2020 $3,229 $272,300 $24,600 $247,700
2019 $3,268 $270,200 $24,600 $245,600
2018 $2,919 $239,900 $24,600 $215,300
2017 $2,399 $221,400 $24,600 $196,800
2016 $2,037 $191,900 $24,600 $167,300
2014 $1,967 $183,200 $24,600 $158,600
2013 $1,943 $187,500 $24,600 $162,900
Source: Public Records

Agents Affiliated with this Home

  • Drew Schroeder

    Seller's Agent in 2024

    Drew Schroeder

    eXp Realty, LLC

    (317) 491-5930

    1 in this area

    216 Total Sales

    Drew Schroeder
    Section Image
  • Lindsay Schroeder

    Seller Co-Listing Agent in 2024

    Lindsay Schroeder

    eXp Realty, LLC

    (317) 292-0177

    1 in this area

    36 Total Sales

    Lindsay Schroeder
    Section Image
  • Timothy Birky

    Buyer's Agent in 2024

    Timothy Birky

    F.C. Tucker Company

    (317) 550-0700

    29 in this area

    148 Total Sales

    Timothy Birky
    Section Image

  • T

    Buyer Co-Listing Agent in 2024

    Timothy Annee

    F.C. Tucker Company

    (317) 690-3561

    2 in this area

    14 Total Sales

    Timothy Annee
    Section Image
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About Real Silk Lofts

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21976643

MIBOR Broker Listing Cooperative®

APN: 49-11-01-202-051.000-101

Indiana Marion County Indianapolis 46204 Chatham Arch

611 N Park Ave Unit 201, Indianapolis, IN

This home is located at 611 N Park Ave Unit 201, Indianapolis, IN 46204 since 21 May 2024 and is currently estimated at $316,872, approximately $283 per square foot. This property was built in 1926. 611 N Park Ave Unit 201 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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