NOT LISTED FOR SALE

Real Silk Lofts 611 N Park Ave Unit 510 Indianapolis, IN 46204

Chatham Arch Neighborhood

Estimated Value: $355,000 - $397,000

1 Bed
2 Baths
1,230 Sq Ft
871 Sq Ft Lot

Last Sold November 15, 2018

Last sale price $307,550 $250 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $2,338/month

Highlights

  • Cathedral Ceiling
  • 1 Car Attached Garage
  • Breakfast Bar
  • Bar Fridge
  • Woodwork
  • 1-Story Property

About This Home

As of November 2018

Updated top floor unit has great neighborhood view. Soaring ceilings, hip urban concept with large windows & plenty of natural light, exposed beam and brick, large indoor/outdoor terrace that faces Mass Ave, a great spot to hear the music from local spots. Modern stained concrete slab in living space w/ fireplace & flexible floor plan. The kit has custom cabinets, granite counters & stainless appliances. Loft has custom cabinetry to serve as a closet for use as a BR or entertainment area & updated bath. Master has access to terrace, walk in-closet, laundry and updated bath. Unit has updated lighting, upgraded flooring. Common area has Exercise room, spa and lap pool. One assigned gar spot. Great walkability to local restaurants and shops.

Last Agent to Sell the Property

Charlene Brown

Epique Inc License #RB14030081 Listed on: 10/05/2018

Last Buyer's Agent

Mitch Rolsky

To Help U Move Inc License #RB14042173

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,036

Year Built

  • Built in 1926

Lot Details

  • 871

Parking

  • 1 Car Attached Garage

Home Design

  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 1,230 Sq Ft Home
  • 1-Story Property
  • Bar Fridge
  • Woodwork
  • Cathedral Ceiling
  • Gas Log Fireplace
  • Great Room with Fireplace

Kitchen

  • Breakfast Bar
  • Electric Oven
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Home Security

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 491101153010000101

Community Details

Overview

  • Association fees include builder controls, insurance, ground maintenance, maintenance structure, management
  • Mid-Rise Condominium
  • Real Silk Lofts Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,036

Year Built

Built in 1926

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Condominium
  • Architectural Style: Historic
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2017
  • Year Built: 1926
  • Garage Y N: Yes
  • Subdivision Name: REAL SILK LOFTS
  • Inspection Warranties: Not Applicable
  • Property Description: Updated top floor unit has great neighborhood view. Soaring ceilings, hip urban concept with large windows & plenty of natural light, exposed beam and brick, large indoor/outdoor terrace that faces Mass Ave, a great spot to hear the music from local spots. Modern stained concrete slab in living space w/ fireplace & flexible floor plan. The kit has custom cabinets, granite counters & stainless appliances. Loft has custom cabinetry to serve as a closet for use as a BR or entertainment area & updated bath. Master has access to terrace, walk in-closet, laundry and updated bath. Unit has updated lighting, upgraded flooring. Common area has Exercise room, spa and lap pool. One assigned gar spot. Great walkability to local restaurants and shops.
  • Transaction Type: Sale
  • Floor Number: 5
  • Lifestyles: Mid Rise/High Rise
  • Unit Entry Level: 1
  • Special Features: None

Interior Features

  • Basement: No
  • Appliances: Dishwasher, Dryer, Disposal, Microwave, Electric Oven, Bar Fridge, Washer
  • Levels: One
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 1
  • Fireplace Features: Gas Log, Great Room
  • Fireplaces: 1
  • Interior Amenities: Cathedral Ceiling(s), Wood Work Painted
  • Living Area: 1230
  • Other Equipment: Smoke Detector
  • Room Count: 4
  • Areas Interior: Laundry Room Main Level
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 2
  • Sq Ft Main Upper: 1230
  • Main Level Sq Ft: 0
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Total Sq Ft: 1230
  • Kitchen Features: Breakfast Bar
  • Below Grade Sq Ft: 0
  • Upper Level Sq Ft: 1230
  • Optional Level Below Grade: No Basement

Exterior Features

  • Construction Materials: Brick
  • Disclosures: Not Applicable
  • Foundation Details: Block
  • List Price: 305000
  • Association Maintained Building Exterior: 1

Garage/Parking

  • Garage Spaces: 1
  • Fuel: Gas
  • Garage Parking Description: Attached
  • Num Parking Spaces: 1

Utilities

  • Sewer: Sewer Connected
  • Cooling: Central Air
  • Heating: Forced Air
  • Water Source: Public
  • Solid Waste: 1
  • Water Heater: Gas

Condo/Co-op/Association

  • Association Fee Frequency: Monthly
  • Management Company Name: 1111111111
  • H O A Disclosures: Covenants & Restrictions
  • Condo Description Location: Building Common Entry
  • Condo Type: Horizontal

Fee Information

  • Association Fee Includes: Association Builder Controls, Entrance Common, Insurance, Insurance, Maintenance Grounds, Maintenance Structure, Management
  • Mandatory Fee: 378

Lot Info

  • Property Attached Yn: Yes
  • Parcel Number: 491101153010000101
  • Acres: <1/4 Acre
  • Lot Number: 0
  • Lot Size: 0

Green Features

  • Green Certification Y N: 0

Tax Info

  • Tax Annual Amount: 2036
  • Semi Annual Property Tax Amt: 1018
  • Tax Exemption: HomesteadTaxExemption,MortageTaxExemption

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2018
Closed on
Nov 14, 2018
Sold by
David Bueche
Bought by
Schaefer Nathan W
Seller's Agent
Charlene Brown
Epique Inc
Buyer's Agent
Mitch Rolsky
To Help U Move Inc
List Price
$305,000
Sold Price
$307,550
Premium/Discount to List
$2,550
0.84%
Current Estimated Value
$365,196

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,646
Avg. Annual Appreciation
2.91%
Original Mortgage
$292,173
Interest Rate
4.8%
Mortgage Type
New Conventional
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
Schaefer Nathan W $307,600 --
Schaefer Nathan W $307,550 First American Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schaffer Nathan W $285,500
Closed Schaefer Nathan W $292,173
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2018 11/15/18 Sold $307,550 +0.8% $250 / Sq Ft
10/06/2018 10/06/18 Pending -- -- --
10/05/2018 10/05/18 For Sale $305,000 +27.1% $248 / Sq Ft
11/08/2013 11/08/13 Sold $240,000 -4.0% $195 / Sq Ft
05/13/2013 05/13/13 For Sale $250,000 -- $203 / 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 $4,050 $335,100 $27,100 $308,000
2023 $4,050 $335,700 $27,100 $308,600
2022 $4,186 $344,400 $27,100 $317,300
2021 $3,867 $326,500 $27,100 $299,400
2020 $3,917 $329,400 $27,100 $302,300
2019 $3,967 $326,900 $27,100 $299,800
2018 $3,540 $289,600 $27,100 $262,500
2017 $2,895 $267,000 $27,100 $239,900
2016 $2,450 $231,000 $27,100 $203,900
2014 $2,355 $218,000 $27,100 $190,900
2013 $2,071 $199,700 $27,100 $172,600
Source: Public Records

Agents Affiliated with this Home

  • Charlene Brown

    Seller's Agent in 2018

    Charlene Brown

    Epique Inc

    (317) 331-1810

    86 Total Sales

    Section Image
  • Mitch Rolsky

    Buyer's Agent in 2018

    Mitch Rolsky

    To Help U Move Inc

    (317) 223-1673

    8 in this area

    89 Total Sales

    Section Image
  • Joe Everhart

    Seller's Agent in 2013

    Joe Everhart

    Everhart Studio, Ltd.

    (317) 701-0479

    23 in this area

    235 Total Sales

    Section Image
  • Seth Patton

    Seller Co-Listing Agent in 2013

    Seth Patton

    Luxcity Realty

    (317) 796-0661

    5 in this area

    68 Total Sales

    Section Image
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About Real Silk Lofts

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21599685

MIBOR Broker Listing Cooperative®

APN: 49-11-01-153-010.000-101

Indiana Marion County Indianapolis 46202 Chatham Arch

611 N Park Ave Unit 510, Indianapolis, IN

This home is located at 611 N Park Ave Unit 510, Indianapolis, IN 46204 since 05 October 2018 and is currently estimated at $371,467, approximately $302 per square foot. This property was built in 1926. 611 N Park Ave Unit 510 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 (9-12).

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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