NOT LISTED FOR SALE

Real Silk Lofts 611 N Park Ave Unit 505 Indianapolis, IN 46204

Chatham Arch Neighborhood

Estimated Value: $373,000 - $561,000

2 Beds
2 Baths
1,230 Sq Ft
$525/mo HOA Fee

Last Sold June 05, 2024

Last sale price $525,000 $427 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $3,298/month

34 Days on Market

Highlights

  • Fitness Center
  • Electric Gate
  • Vaulted Ceiling
  • No Units Above
  • Contemporary Architecture
  • Community Pool

About This Home

As of June 2024

A masterpiece of design and functionality, this bespoke, top floor Real Silk loft is truly one of a kind. The attention to detail is endless in this 2 bed, 2 bath residence, designed by Luminaut. From the live sawn floors, to the museum grade lighting package, to the custom granite fireplace surround, to the precision of the wall panel detail, to the heated floors in the bathrooms, no expense was spared in crafting the perfect space to call home. Sunlight floods through the southern exposure windows that create an idyllic frame of the city skyline. Leave the car parked in the included garage space and step out of your door to Indy's premier Mass Ave dining, nightlife & entertainment district, the Cultural Trail & Bottleworks District - the most popular spot downtown today. Welcome home to Real Silk - Unit 505!

Last Agent to Sell the Property

Timothy Birky

F.C. Tucker Company Brokerage Email: tim.birky@talktotucker.com License #RB18001683 Listed on: 04/03/2024

F.C. Tucker Company

Co-Listed By

Nick McNeely

F.C. Tucker Company Brokerage Email: tim.birky@talktotucker.com License #RB14047448

Last Buyer's Agent

Douglas Dilling

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,760

Year Built

  • Built in 1926

Lot Details

  • No Units Above

HOA Fees

  • $525 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Heated Garage
  • Garage Door Opener
  • Electric Gate
  • Guest Parking
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Traditional Architecture
  • Entry on the 5th floor
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 1,230 Sq Ft Home
  • 1-Story Property
  • Built-in Bookshelves
  • Vaulted Ceiling
  • Paddle Fans
  • Gas Log Fireplace
  • Aluminum Window Frames
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Attic Access Panel

Kitchen

  • Gas Oven
  • Range Hood
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

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

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Home Security

  • Intercom
  • Smart Thermostat

Utilities

  • Heating System Uses Gas
  • Programmable Thermostat
  • Water Heater

Listing and Financial Details

  • Tax Lot 491101153005000101
  • Assessor Parcel Number 491101153005000101

Community Details

Overview

  • Association fees include custodian, exercise room, insurance, ground maintenance, management, resident manager, security, snow removal, trash
  • Association Phone (317) 541-0000
  • Real Silk Lofts Subdivision
  • Property managed by Omni Management

Recreation

  • Community Pool

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,760

Year Built

Built in 1926

Lot Details

0

HOA Fees

$525 per month

Parking

1

Listing Details

  • Property Sub Type: Condominium
  • Architectural Style: Contemporary, TraditonalAmerican
  • Property Type: Residential
  • New Construction: No
  • 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: No
  • Floor Number: 5
  • Lifestyles: Loft,Mid Rise/High Rise,Pent House
  • Unit Entry Level: 5
  • F H A Certified: No
  • MBR_AttributionContact: tim.birky@talktotucker.com
  • Attribution Contact: tim.birky@talktotucker.com
  • Special Features: VirtualTour

Interior Features

  • Common Walls: No One Above
  • Basement: No
  • Appliances: Dishwasher, Dryer, Disposal, Laundry Connection in Unit, Microwave, Gas Oven, Range Hood, Refrigerator, Washer, Water Heater
  • Levels: One
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Gas Log, Living Room
  • Fireplaces: 1
  • Interior Amenities: Attic Access, Bath Sinks Double Main, Built In Book Shelves, Raised Ceiling(s), Center Island, Paddle Fan, Hi-Speed Internet Availbl, Programmable Thermostat, Walk-in Closet(s), Window Metal
  • Living Area: 1230
  • Main Level Bedrooms: 2
  • Other Equipment: Intercom, Smoke Alarm
  • Areas Interior: Laundry in Unit
  • Eating Area: Dining Combo/Living 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
  • ResoLivingAreaSource: Assessor
  • Rooms Basement: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Poured Concrete
  • List Price: 535000

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Assigned, Attached, Concrete, Electric Gate, Garage Door Opener, Gated, Guest Parking, Heated
  • Garage Parking Other: Garage Door Opener,Keyless Entry,Shared Garage
  • Garage Sq Ft: 0

Utilities

  • Utilities: Cable Available, Electricity Connected, Gas, Sewer Connected, Water Connected
  • Cooling: Central Electric
  • Heating: Gas
  • Laundry Features: Laundry Closet, Main Level
  • Water Source: Municipal/City
  • Solid Waste: Yes

Condo/Co-op/Association

  • Association Amenities: Elevator(s), Fitness Center, Indoor Pool, Landscaping, Maintenance Grounds, Party Room, Sauna, Snow Removal, Spa/Hot Tub, Trash
  • Association Fee: 525
  • Association Fee Frequency: Monthly
  • Association Phone: 317-541-0000
  • Association YN: Yes
  • Community Features: Fitness Center, Pool, Hot Tub
  • Management Company Name: Omni Management
  • H O A Disclosures: Covenants & Restrictions,Rental Restrictions,Rules & Regulations
  • Condo Description Location: Building Common Entry,Upper Level
  • Condo Type: Horizontal

Fee Information

  • Association Fee Includes: Custodian, Exercise Room, Insurance, Maintenance Grounds, Management, Resident Manager, Security, Snow Removal, Trash

Lot Info

  • Property Attached Yn: Yes
  • Additional Parcels: No
  • Horse Amenities: None
  • Parcel Number: 491101153005000101
  • Acres: <1/4 Acre

Green Features

  • Green Certification Y N: No
  • Smart Home Features: Thermostat - Programmable

Tax Info

  • Tax Annual Amount: 3760
  • Tax Lot: 491101153005000101
  • Semi Annual Property Tax Amt: 1880
  • Tax Exemption: Homestead Tax Exemption

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2024
Closed on
Jun 5, 2024
Sold by
Taylor David and Taylor Ann
Bought by
Maerkl Jun Andreas and Maerkl Anita Susanne
Seller's Agent
Timothy Birky
F.C. Tucker Company
Buyer's Agent
Douglas Dilling
List Price
$535,000
Sold Price
$525,000
Premium/Discount to List
-$10,000
-1.87%
Views
63
Current Estimated Value
$461,659

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$63,341
Avg. Annual Appreciation
-19.28%

Purchase Details

Listed on
Jul 29, 2019
Closed on
Oct 9, 2019
Sold by
Campbell Nora L
Bought by
Taylor David and Taylor Ann
Seller's Agent
Joe Everhart
Everhart Studio, Ltd.
Buyer's Agent
Thomas Stemlar
F.C. Tucker Company
List Price
$350,000
Sold Price
$315,000
Premium/Discount to List
-$35,000
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.38%
Source: Public Records

Range of Values:

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
Maerkl Jun Andreas $525,000 Ata National Title Group
Taylor David -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Taylor David B $250,000
Previous Owner Campbell Nora L $126,000
Previous Owner Campbell Nora L $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/05/2024 06/05/24 Sold $525,000 -1.9% $427 / Sq Ft
05/08/2024 05/08/24 Pending -- -- --
04/03/2024 04/03/24 For Sale $535,000 +69.8% $435 / Sq Ft
09/10/2019 09/10/19 Sold $315,000 -10.0% $256 / Sq Ft
08/10/2019 08/10/19 Pending -- -- --
07/29/2019 07/29/19 For Sale $350,000 -- $285 / 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 $3,895 $320,000 $27,100 $292,900
2021 $3,600 $303,500 $27,100 $276,400
2020 $7,139 $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

  • Timothy Birky

    Seller's Agent in 2024

    Timothy Birky

    F.C. Tucker Company

    (317) 550-0700

    30 in this area

    149 Total Sales

    Timothy Birky
    Section Image
  • Nick McNeely

    Seller Co-Listing Agent in 2024

    Nick McNeely

    F.C. Tucker Company

    (317) 844-4200

    28 in this area

    182 Total Sales

    Nick McNeely
    Section Image

  • D

    Buyer's Agent in 2024

    Douglas Dilling

  • D

    Buyer's Agent in 2024

    Doug Dilling

    United Real Estate Indpls

    Section Image
  • Joe Everhart

    Seller's Agent in 2019

    Joe Everhart

    Everhart Studio, Ltd.

    (317) 701-0479

    22 in this area

    231 Total Sales

    Joe Everhart
    Section Image

  • W

    Seller Co-Listing Agent in 2019

    Wade Everhart

    Everhart Studio, Ltd.

See All Agents

About Real Silk Lofts

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21971928

MIBOR Broker Listing Cooperative®

APN: 49-11-01-153-005.000-101

Indiana Marion County Indianapolis 46202 Chatham Arch

611 N Park Ave Unit 505, Indianapolis, IN

This home is located at 611 N Park Ave Unit 505, Indianapolis, IN 46204 since 03 April 2024 and is currently estimated at $461,659, approximately $375 per square foot. This property was built in 1926. 611 N Park Ave Unit 505 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.

Nearby Homes