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(SOLD) $961,000

517 Lockerbie Street Indianapolis, IN  46202

  • 3 Beds
  • 4 Baths
  • 4,100 sq. Ft

Property Description for 517 Lockerbie Street Indianapolis, IN 46202

Ideally located in the heart of Lockerbie Square sits this one-of-a-kind historic cottage which once belonged to the caretaker for James Whitcomb Riley. The original property was taken down to the studs and added onto in 2002, so it lives like a newer construction home! Large eat-in kitchen is the heart of the home and opens to an oversized family room featuring a fireplace and garden views. On the opposite side of the kitchen are the formal dining room plus a den/library - the perfect layout for gatherings. Rare main level primary suite with large walk-in closet and spa-like bath. Convenient main level laundry room offers plenty of storage and folding space. Situated at the back of the home is a beautiful and cozy sun room which leads to the fully fenced gardens and patio. Upstairs, find another spacious bedroom with a full bathroom plus loft. This area could easily be converted into 2 bedrooms if needed. The clean, concrete-poured basement with tall ceilings and daylight windows offers even more room for storage - OR - it could be easily finished to add additional living space. Deep 2-car garage with storage space has a beautifully finished carriage house apartment overhead! The carriage house could be perfect for your guests, in-laws, au pair or roommates - OR - lease it as an income-producing property to lower your carrying costs! Quality materials and attention to detail are apparent throughout this impeccably maintained piece of history. Don't miss the opportunity to make it yours!
QuickBuy option for home selling

Address:517 Lockerbie Street Indianapolis IN 46202
Status:Sold
Sold On: 7/19/2024
Price:$975,000
Bedrooms:3 Beds
Bathrooms:3 Full Baths, 1 Half Baths
Sq. Feet:4,100
Year Built:1890
Lot Size:0.15
County: Marion
Township: Center
MLS #:21982766
Property Type:Single Family Residence

Lot Dimensions:6490
Lot Features:City Lot, Curbs, Sidewalks, Storm Sewer, Street Lights, Mature Trees
Water Source:Municipal/City
Directions:From Mass Ave, head south on East St 2.5 blocks to Lockerbie St. East (left) onto Lockerbie St to home on the south side of the cobblestone street.
Main Level Sq. Ft. :2,150
Upper Level Sq. Ft. :550
Total Sq. Ft. :4,100
Basement:Yes

Loan Price
$6,169
Price And Interest $5,013/month
Property Tax $756/month
MTG INS $0/month
HOME INS $400/month
Price
$961,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$756/month
Home Owner Insurance
$4,800 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

RoomSizeLevel
Library 16x16 Main
Dining Room 16x13 Main
Kitchen 15x15 Main
Laundry 09x09 Main
Family Room 24x19 Main
Sun Room 14x13 Main
Primary Bedroom 15x13 Main
Bedroom 2 17x17 Upper
Loft 17x10 Upper
Bedroom 3 20x18 Upper

Semi-Annual Property Tax:$4,538
Tax Year:2024
Financial Disclosures:Not Applicable
Other Disclosures:Probate Listing, Estate
Mandatory HOA Fee:$

Area: 4912 - Marion - Center Ne
Subdivision: Lockerbie
Zip Code:46202

Total Sq. Ft.:4,100
Accessibility Feature:Accessible Entrance
Interior Features:Attic Access, Bath Sinks Double Main, Built In Book Shelves, Raised Ceiling(s), Paddle Fan, Hardwood Floors, Hi-Speed Internet Availbl, In-Law Arrangement, Eat-in Kitchen, Pantry, Programmable Thermostat, Walk-in Closet(s), Windows Wood
Interior Area(s):Living Room Formal
Eating Area(s):Formal Dining Room
Appliances:Gas Cooktop, Dishwasher, Dryer, MicroHood, Oven, Double Oven, Refrigerator, Washer, Water Heater
Equipment:Smoke Alarm, Sump Pump
Exterior Features:Carriage/Guest House
Exterior Type:Brick, Wood
Fireplace(s):Two Sided, Den/Library Fireplace, Dining Room, Family Room
Cool:Central Electric, Wall Unit(s)
Heat:Dual, Forced Air, SpaceWallUnit
Water Heater:Gas Cooktop, Dishwasher, Dryer, MicroHood, Oven, Double Oven, Refrigerator, Washer, Water Heater
Total Rooms:11
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

Listing provided courtesy of Chanda Johnson with Maywright Property Co. from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 06/02/2024 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

137
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 $1,436.60. 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 $265,000.00 and the average price per square feet is $153.99 per square feet. At the moment, the amount of homes listed is exactly 9886 houses, with 2272 with active status, 1101 with pending status and 6513 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 $3,058.56. 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 69 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 1718 minutes ago.

At the moment we have 90 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 $38,900.00 . 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 2103.24 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.