NOT LISTED FOR SALE

Estimated Value: $370,000 - $388,000

2 Beds
2 Baths
1,230 Sq Ft
$536/mo HOA Fee

Last Sold December 10, 2024

Last sale price $376,000 $306 Per Sq Ft

Current estimated payment $2,824/month

81 Days on Market

Highlights

  • Fitness Center
  • Updated Kitchen
  • Loft
  • City View
  • Vaulted Ceiling
  • Community Pool

About This Home

As of December 2024

Discover the epitome of luxury urban living in this renovated 2-bed, 2-bath loft condo nestled in the historic Real Silk Lofts building, just off Mass Ave in downtown Indianapolis. Step inside this stunning unit to find soaring 16 ft ceilings that amplify the sense of space and light. A patio with an expansive window offers breathtaking views of Mass Ave, inviting the outdoors in. The interior underwent a major renovation in 2020, featuring new luxury vinyl flooring, renovated bathrooms, upgraded lighting, fresh paint, and custom additions like black interior doors and a barn door. The kitchen boasts modern amenities such as floating shelves, new cabinetry, and a stylish faucet, while the living area showcases a new fireplace mantle and screen. The loft space features floor-to-ceiling built-in bookshelves, creating a cozy retreat within the unit. The loft bedroom was elegantly papered with removable peel-and-stick wallpaper in April 2023, adding a touch of sophistication and the flexibility to personalize your space. Recent upgrades include new electric receptacles, switch plates, washer/dryer, dishwasher, and water heater for added convenience. Blackout blinds in the master bedroom offer privacy, while a full-range TV mount in the living area enhances entertainment options. Real Silk Lofts is renowned as one of downtown Indianapolis's premier condo buildings, boasting a prime location and exclusive amenities. Residents enjoy access to a pool, whirlpool sauna, steam room, and gym included in the monthly HOA fee. The building is also designated as a non-smoking environment. The unit comes with a parking space in the secure underground parking garage and a guest Pass for the guest parking lot. Experience the perfect blend of historic charm and modern luxury at Real Silk Lofts. This meticulously maintained unit offers a unique opportunity to embrace downtown living at its finest. Schedule a showing today and elevate your lifestyle in this urban oasis.

Last Agent to Sell the Property

Thomas Stemlar

F.C. Tucker Company Brokerage Email: tom.stemlar@talktotucker.com License #RB19000717 Listed on: 08/27/2024

F.C. Tucker Company

Last Buyer's Agent

Ceceily Cliff

Weichert REALTORS® Cooper Grou

Weichert REALTORS® Cooper Grou

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,834

Year Built

  • Built in 1926 | Remodeled

Lot Details

  • Two or More Common Walls
  • Landscaped with Trees

HOA Fees

  • $536 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Garage Door Opener

Property Views

  • Neighborhood

Home Design

  • Entry on the 2nd floor
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 1,230 Sq Ft Home
  • Built-in Bookshelves
  • Vaulted Ceiling
  • Self Contained Fireplace Unit Or Insert
  • Gas Log Fireplace
  • Aluminum Window Frames
  • Great Room with Fireplace
  • Family or Dining Combination
  • Loft
  • Attic Access Panel
  • Intercom

Kitchen

  • Updated Kitchen
  • Breakfast Bar
  • Gas Oven
  • Microwave
  • Dishwasher

Flooring

  • Ceramic Tile
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry closet
  • Dryer
  • Washer

Accessible Home Design

  • Halls are 36 inches wide or more
  • Accessibility Features
  • Accessible Approach with Ramp
  • Accessible Entrance

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater
  • High Speed Internet

Listing and Financial Details

  • Tax Lot 491101202041000101
  • Assessor Parcel Number 491101202041000101
  • Seller Concessions Not Offered

Community Details

Overview

  • Association fees include home owners, exercise room, insurance, laundry connection in unit, lawncare, ground maintenance, maintenance structure, maintenance, management, snow removal, trash
  • Association Phone (317) 541-0000
  • Real Silk Lofts Subdivision
  • Property managed by Omni

Recreation

  • Community Pool
  • Community Spa

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,834

Year Built

Built in 1926 | Remodeled

Lot Details

0

HOA Fees

$536 per month

Parking

1

Listing Details

  • Property Sub Type: Condominium
  • Architectural Style: Other
  • Property Type: Residential
  • New Construction: No
  • Accessibility Features: Hallway - 36 Inch Wide, Accessible Approach with Ramp, Accessible Entrance, Peep hole/door security
  • Tax Year: 2023
  • Year Built: 1926
  • Building Area Total: 1230
  • Garage Y N: Yes
  • Subdivision Name: Real Silk Lofts
  • Transaction Type: Sale
  • Accessibility Features YN: Yes
  • Floor Number: 2
  • Lifestyles: Loft
  • Unit Entry Level: 2
  • F H A Certified: No
  • Website: omni-property.com
  • MBR_AttributionContact: tom.stemlar@talktotucker.com
  • Attribution Contact: tom.stemlar@talktotucker.com
  • Special Features: VirtualTour

Interior Features

  • Common Walls: 2+ Common Walls
  • Basement: No
  • Appliances: Dishwasher, Dryer, Gas Water Heater, Laundry Connection in Unit, Microwave, Gas Oven, Refrigerator, Washer, Water Heater
  • Levels: One Leveland + Loft
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Insert, Gas Log, Gas Starter, Great Room
  • Fireplaces: 1
  • Interior Amenities: Attic Access, Breakfast Bar, Built In Book Shelves, Raised Ceiling(s), Hi-Speed Internet Availbl, Walk-in Closet(s), Window Metal
  • Living Area: 1230
  • Other Equipment: Intercom, Smoke Alarm
  • Spa Y N: No
  • Areas Interior: Bedroom Other on Main,Laundry in Unit
  • Eating Area: Dining Combo/Great Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 2
  • Main Level Sq Ft: 1230
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Kitchen Features: Kitchen Updated
  • Upper Level Sq Ft: 0

Exterior Features

  • Construction Materials: Brick
  • Direction Faces: North
  • Exterior Features: Balcony
  • Foundation Details: Poured Concrete
  • Patio And Porch Features: Covered Patio
  • Pool Private Y N: No
  • Property Condition: Updated/Remodeled
  • View: City, Neighborhood
  • View Y N: Yes
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Attached, Concrete, Garage Door Opener
  • Garage Parking Other: Keyless Entry

Utilities

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

Condo/Co-op/Association

  • Association Amenities: Coin Laundry, Elevator(s), Fitness Center, Indoor Pool, Insurance, Landscaping, Laundry, Maintenance, Maintenance Grounds, Maintenance Structure, Management, Meeting Room, Parking, Party Room, Pool, Recreation Facilities, Sauna, Snow Removal, Spa/Hot Tub, Trash, Water, Exercise Course
  • Association Fee: 536
  • Association Fee Frequency: Monthly
  • Association Phone: 317-541-0000
  • Association YN: Yes
  • Community Features: Fitness Center, Pool, Hot Tub, Street Lights
  • Management Company Name: Omni
  • H O A Disclosures: Covenants & Restrictions,Rules & Regulations,Transfer Fee
  • Condo Description Location: Building Common Entry,Upper Level
  • Condo Type: Horizontal

Fee Information

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

Lot Info

  • Lot Features: Sidewalks, Street Lights, Trees-Small (Under 20 Ft)
  • Property Attached Yn: Yes
  • Additional Parcels: No
  • Horse Amenities: None
  • Parcel Number: 491101202041000101
  • Acres: <1/4 Acre

Green Features

  • Green Certification Y N: No

Tax Info

  • Tax Annual Amount: 3834
  • Tax Lot: 491101202041000101
  • Semi Annual Property Tax Amt: 1917
  • Tax Exemption: Homestead Tax Exemption

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2024
Closed on
Dec 10, 2024
Sold by
Otis Alayna Mae and Sherman Alayna
Bought by
Hackett Sophie
Seller's Agent
Thomas Stemlar
F.C. Tucker Company
Buyer's Agent
Ceceily Cliff
Weichert REALTORS® Cooper Grou
List Price
$399,999
Sold Price
$376,000
Premium/Discount to List
-$23,999
-6%
Views
74
Current Estimated Value
$375,625

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$375
Avg. Annual Appreciation
-0.10%
Original Mortgage
$100,000
Outstanding Balance
$99,221
Interest Rate
6.84%
Mortgage Type
New Conventional
Estimated Equity
$276,404

Purchase Details

Closed on
Jun 9, 2017
Sold by
Smith-Prendes Deborah K
Bought by
Otis Alayna Mae

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
4.05%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 21, 2008
Sold by
Wilson Sheila L
Bought by
Smith Prendes Deborah K and Deborah K Smith Prendes Revocable Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Hackett Sophie -- First American Title
Hackett Sophie $376,000 First American Title
Otis Alayna Mae $275,000 --
Otis Alayna Mae $275,000 First Title & Escrow
Smith Prendes Deborah K -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hackett Sophie $100,000
Closed Hackett Sophie $100,000
Previous Owner Otis Alayna Mae $220,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/10/2024 12/10/24 Sold $376,000 -6.0% $306 / Sq Ft
11/16/2024 11/16/24 Pending -- -- --
08/27/2024 08/27/24 For Sale $399,999 -- $325 / 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 $3,760 $311,400 $27,100 $284,300
2023 $3,760 $312,000 $27,100 $284,900
2022 $3,884 $320,000 $27,100 $292,900
2021 $3,591 $303,500 $27,100 $276,400
2020 $3,637 $306,200 $27,100 $279,100
2019 $3,684 $303,900 $27,100 $276,800
2018 $3,288 $269,400 $27,100 $242,300
2017 $2,691 $248,500 $27,100 $221,400
2016 $2,283 $215,300 $27,100 $188,200
2014 $2,189 $203,300 $27,100 $176,200
2013 $1,977 $199,700 $27,100 $172,600
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21979482

MIBOR Broker Listing Cooperative®

APN: 49-11-01-202-041.000-101