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$940,000 ↓$20,000on 9/9/2024

1507 Broadway Street Indianapolis, IN  46202

  • 4 Beds
  • 3 Baths
  • 6,434 sq. Ft
EXPLORE TUCKER LUXURY

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Property Description for 1507 Broadway Street Indianapolis, IN 46202

Allow us the honor of presenting to you a residence of unparalleled grandeur, nestled in the heart of the esteemed Old Northside Historic Neighborhood, a mere stone's throw from the bustling streets of downtown Indianapolis. Step back in time as you enter this venerable abode, a testament to the craftsmanship of yore, yet thoughtfully updated to cater to the modern sensibilities of the discerning homeowner. Admire the intricate millwork of the entry staircase, a symphony of woodcraft that speaks volumes of the artisan's skill. Behold, the rich patina of two-tone quarter-sawn oak hardwood floors and ornate fireplaces, a testament to the passage of time and the enduring quality of fine materials. The stained glass windows truly steal the show, adorned with colorful glass panels that dance with the sunlight, weaving tales of bygone days and whispered secrets. Venture beyond the threshold and discover a verdant oasis, where historic suburban charm meets the vibrant pulse of city life. The oversized L-shaped lot beckons with promises of leisure and relaxation, boasting a rare treasure-an inground swimming pool. Stroll along brick walkways, enveloped by the beauty of perennial plantings, and marvel at the ornate iron fence that stands as a silent sentinel, guarding the home's rich heritage. Yet, dear Buyers, the tale does not end here. For within these hallowed halls, history comes alive. Imagine the esteemed presence of former residents Nannette Dowd, a pioneer in her own right, and her esteemed husband, Dr. Frank T. Dowd, their legacy woven into the very fabric of this splendid residence. Mrs. Dowd was Indianapolis's first City County Councilwoman, elected in 1936. As the sun sets on another day in this illustrious neighborhood, one cannot help but feel a sense of reverence for the past and excitement for the future. Dare you seize the opportunity to become the next steward of this storied home?

Address:1507 Broadway Street Indianapolis IN 46202
Status:Active
on site: 222 days
Price:$940,000
Bedrooms:4 Beds
Bathrooms:3 Full Baths
Sq. Feet:6,434
Year Built:1880
Lot Size:0.34
County: Marion
Township: Center
MLS #:21971546
Property Type:Single Family Residence
Buyer Broker Compensation: 2.25%
Any compensation may only be paid to a licensed real estate broker.

Lot Dimensions:14958
Lot Features:Sidewalks, Mature Trees
Water Source:Municipal/City
Directions:Located in the Old Northside Butlers Ext. Near 15th & Broadway. Lot is an L shape. GPS friendly.
Main Level Sq. Ft. :1,745
Upper Level Sq. Ft. :3,563
Total Sq. Ft. :6,434
Basement:Yes

Loan Price
$6,267
Price And Interest $4,903/month
Property Tax $972/month
MTG INS $0/month
HOME INS $392/month
Price
$940,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$972/month
Home Owner Insurance
$4,704 / year
HOA Dues
$4 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

DateOld PriceNew PricePercent Change
09/09/24 $960,000 $940,000 -2.08%
07/09/24 $980,000 $960,000 -2.04%
06/10/24 $1,000,000 $980,000 -2%

RoomSizeLevel
Living Room 15x14 Main
Family Room 19x15 Main
Sitting Room 13x11 Main
Dining Room 17x16 Main
Kitchen 17x17 Main
Breakfast Room 11x11 Main
Primary Bedroom 15x11 Upper
Bedroom 2 19x18 Upper
Bedroom 3 15x12 Upper
Laundry 14x10 Upper
Bedroom 4 16x15 Upper
Attic 55x31 Upper

Semi-Annual Property Tax:$5,833
Tax Year:2023
Other Disclosures:As Is
Mandatory HOA Fee:$050
HOA Fee Paid:Annually

Area: 4912 - Marion - Center Ne
Subdivision: Ovid Butlers
Zip Code:46202

Total Sq. Ft.:6,434
Interior Features:Built In Book Shelves, Center Island, Entrance Foyer, Hardwood Floors, Pantry, Walk-in Closet(s), Windows Wood
Interior Area(s):Living Room Formal, Utility Room
Eating Area(s):Breakfast Room, Formal Dining Room
Appliances:Dishwasher, Dryer, Disposal, Gas Water Heater, Microwave, Oven, Double Oven, Gas Oven, Refrigerator, Washer
Equipment:Security Alarm Paid, Smoke Alarm
Exterior Features:Gas Grill
Exterior Type:Wood
Fireplace(s):Bedroom, Den/Library Fireplace, Family Room, Non Functional, Primary Bedroom
Cool:Central Electric
Heat:Radiator(s), Gas
Water Heater:Dishwasher, Dryer, Disposal, Gas Water Heater, Microwave, Oven, Double Oven, Gas Oven, Refrigerator, Washer
Total Rooms:12
EXPLORE TUCKER LUXURY
Kelly Huff, REALTOR®/Broker, F. C. Tucker Company
Kelly Huff
Phone (317) 379-5848
Additional Phone (317) 259-6000
F.C. Tucker Company
Eric Huff, REALTOR®/Broker, F. C. Tucker Company
Co-Listing Agent
Eric Huff
(317) 379-5838
Huff Homes

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Listing provided courtesy of Kelly Huff with F.C. Tucker Company from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 04/11/2024 12:00 AM. 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.





Indianapolis Market Report

109
Avg. DOM
$187.92
Avg. $ / Sq.Ft.
$ 389,000
Med. List Price

The house prices in Indianapolis are indeed dropping at the moment. There has been a decrease in price of $20,825.47. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

The housing market and house prices in Indianapolis are going Down. The average house price is $269,000.00 and the average price per square feet is $156.25 per square feet. At the moment, the amount of homes listed is exactly 13891 houses, with 2412 with active status, 1216 with pending status and 10263 sold in Indianapolis .

The most popular place to buy a home in Indianapolis is 4903 - Marion - Washington. 4903 - Marion - Washington is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in Indianapolis .

The average amount of property taxes you would have to pay for a home in Indianapolis is $3,194.02. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.

Properties in Indianapolis are staying listed for an average of 68 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.

The last home listed in Indianapolis was 2076 minutes ago.

At the moment we have 105 open houses that you can visit.

The cost of the most expensive home in Indianapolis is $7,750,000.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.

The cost of the cheapest home in Indianapolis is $45,900.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.

The date of the oldest built home in Indianapolis in year 1827 and the newest built house is in year 2025.

The average size of properties in Indianapolis is 2112.74 sq.ft. , the biggest one being 13549 sq.ft. and the smaller being 252 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.