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$230,000 ↓$10,000on 8/2/2024

25 E 40th Street #6A Indianapolis, IN  46205

  • 2 Beds
  • 2 Baths
  • 1,448 sq. Ft

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Property Description for 25 E 40th Street #6A Indianapolis, IN 46205

Want to be above it all? This 6th floor condo at The Modern is at treetop level, with 12 large windows for views of greenery and eye-catching houses. Step into this amazingly updated corner unit and enjoy the natural light of north AND east exposures. The updated kitchen is a chef's playground, fully open for easy entertaining. A sprawling island of Brazilian marble with veins of black and gray provides enormous cabinet and counter space. Enjoy morning coffee on the balcony overlooking quiet Pennsylvania Street. Floors feature upgraded carpet over sound-proofing. Two large bedrooms offer huge closets with plenty of storage. Master Bedroom includes ensuite bath/shower. Guest bath features upgraded tile and glass shower. Linen closets in both bathrooms. Utility closet houses Bosch washer & dryer...convenient and private. Amenities include secure underground parking (designated space near elevator), basement storage locker, 24-hr. workout facility, secure intercom entry for guests, meeting rooms and outdoor pool. The Modern's staff is onsite daily during business hours. The generous HOA includes: heat, A/C, water, trash, and exterior maintenance including landscaping and snow removal. Seller will pay first year of any owners' association assessment. Meridian-Kessler is a highly desirable neighborhood with beautiful homes, walkable sidewalks, and quick access to Downtown, Uptown, restaurants and cultural attractions.

Address:25 E 40th Street Indianapolis IN 46205
Status:Active
on site: 147 days
Price:$230,000
Bedrooms:2 Beds
Bathrooms:2 Full Baths
Sq. Feet:1,448
Year Built:1965
County: Marion
Township: Washington
MLS #:21986873
Property Type:Condominium

Lot Features:Sidewalks, Storm Sewer, Street Lights, Mature Trees
Water Source:Municipal/City
Directions:From historic N Meridian turn east on 40th Street--building is on the SW corner of 40th & Pennsylvania. Parking is available on the street in front of the building.
Main Level Sq. Ft. :1,448
Total Sq. Ft. :1,448

Loan Price
$1,511
Price And Interest $1,200/month
Property Tax $215/month
MTG INS $0/month
HOME INS $96/month
Price
$230,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$215/month
Home Owner Insurance
$1,152 / year
HOA Dues
$771 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

DateOld PriceNew PricePercent Change
08/02/24 $240,000 $230,000 -4.17%

RoomSizeLevel
Bedroom 2 14x11 Main
Dining Room 14x12 Main
Primary Bedroom 18x13 Main
Living Room 16x14 Main
Kitchen 16x11 Main
Office 10x12 Main

Semi-Annual Property Tax:$1,291
Tax Year:2023
Mandatory HOA Fee:$771
HOA Fee Paid:Monthly

Area: 4903 - Marion - Washington
City:Indianapolis
Subdivision: The Modern
Zip Code:46205

Total Sq. Ft.:1,448
Interior Features:Screens Complete, Storage, Supplemental Storage, Windows Vinyl, Paddle Fan, Eat-in Kitchen, Elevator, Hi-Speed Internet Availbl, Center Island
Interior Area(s):Bedroom Other on Main, Living Room Formal, Laundry in Unit
Eating Area(s):Dining Combo/Kitchen, Dining Combo/Living Room
Appliances:Dishwasher, Dryer, Disposal, Microwave, Electric Oven, Refrigerator, Washer, Electric Water Heater
Equipment:Smoke Alarm
Exterior Features:Balcony
Exterior Type:Brick, Stone
Cool:Central Electric
Heat:Hot Water, Radiator(s), Electric
Water Heater:Dishwasher, Dryer, Disposal, Microwave, Electric Oven, Refrigerator, Washer, Electric Water Heater
Total Rooms:6
Pegg Kennedy, REALTOR®/Broker, F. C. Tucker Company
Pegg Kennedy
Phone (317) 223-1692
Additional Phone (317) 849-5050
F.C. Tucker Company
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Listing provided courtesy of Pegg Kennedy with F.C. Tucker Company from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 06/25/2024 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 2155 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.

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