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(SOLD) $845,000

5401 N New Jersey Street Indianapolis, IN  46220

  • 5 Beds
  • 4 Baths
  • 3,201 sq. Ft

Property Description for 5401 N New Jersey Street Indianapolis, IN 46220

Experience the pinnacle of urban living in this exquisite 5-bedroom, 3.5-bathroom home nestled in the sought-after Meridian-Kessler neighborhood, renowned for its vibrant dining and entertainment scene. This beautifully crafted home boasts quick access to downtown Indianapolis, offering an ideal blend of luxury and convenience. Situated on a generous corner lot, the property features a privacy-fenced yard with dual patios, a second-story balcony deck for elevated views, and a cozy sunroom with yard access, perfect for year-round enjoyment. A detached 2-car garage adds to the home's appeal. Enter through the grand foyer, where elegant woodwork and rich hardwood floors lead you into a living room bathed in natural light, highlighted by a charming gas fireplace. The kitchen is a chef's dream with counter-to-ceiling ceramic tile backsplash, quartz countertops, a breakfast bar, and high-end stainless steel appliances, seamlessly flowing into a formal dining room and an inviting sunroom, complete with heated floors. The office space on the main level dazzles with fine woodwork and built-in shelving, perfect for work-from-home or library needs. Upstairs, the primary suite offers tranquility with sophisticated hardwood floors, a luxe bathroom featuring dual vanities, exquisite tile work, and a spacious walk-in shower, plus a large walk-in closet. All closets feature Elfa shelving systems, including one with a desk. The finished basement is a realm of possibilities, featuring two additional rooms with egress windows-ideal for bedrooms, offices, or entertainment areas-including one with a striking stone surround, wood burning fireplace and a wet bar setup, ensuring it's a prime spot for relaxation or hosting. This home isn't just a house; it's a lifestyle choice for those seeking a blend of suburban comfort and city access. Don't miss the opportunity to own a piece of Meridian-Kessler charm. Schedule your showing today to make this your forever home.
QuickBuy option for home selling

Address:5401 N New Jersey Street Indianapolis IN 46220
Status:Sold
Sold On: 7/8/2024
Price:$850,000
Bedrooms:5 Beds
Bathrooms:3 Full Baths, 1 Half Baths
Sq. Feet:3,201
Year Built:1934
Lot Size:0.20
County: Marion
Township: Washington
MLS #:21980617
Property Type:Single Family Residence

Lot Dimensions:8494
Lot Features:Corner Lot, Curbs, Not In Subdivision, Sidewalks, Storm Sewer, Street Lights, Mature Trees
Water Source:Municipal/City
Directions:From Meridian go east on 54th Street and the home is on the northeast corner of 54th and New Jersey.
Main Level Sq. Ft. :1,096
Upper Level Sq. Ft. :1,009
Total Sq. Ft. :3,201
Basement:Yes

Loan Price
$5,493
Price And Interest $4,408/month
Property Tax $733/month
MTG INS $0/month
HOME INS $352/month
Price
$845,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$733/month
Home Owner Insurance
$4,224 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

RoomSizeLevel
Bedroom 5 32X14 Basement
Dining Room 14X13 Main
Bedroom 2 11x11 Upper
Bedroom 3 11X10 Upper
Living Room 22X14 Main
Kitchen 18X11 Main
Sun Room 15X15 Main
Primary Bedroom 15X14 Upper
Office 10X9 Main
Bedroom 4 15X15 Basement

Semi-Annual Property Tax:$4,398
Tax Year:2023
Other Disclosures:Not Applicable
Mandatory HOA Fee:$

Area: 4903 - Marion - Washington
Subdivision: Ambleside
Zip Code:46220

Total Sq. Ft.:3,201
Interior Features:Breakfast Bar, Built In Book Shelves, Entrance Foyer, Paddle Fan, Hardwood Floors, Walk-in Closet(s), WoodWorkStain/Painted
Interior Area(s):Laundry in Unit, Living Room Formal
Eating Area(s):Formal Dining Room
Appliances:Gas Cooktop, Dishwasher, Disposal, Gas Water Heater, Oven, Range Hood, Refrigerator, Tankless Water Heater, Water Softener Owned
Equipment:Security Alarm Paid, Smoke Alarm
Exterior Features:Balcony, Smart Lock(s)
Exterior Type:Brick
Fireplace(s):Basement, Family Room, Gas Log, Living Room, Woodburning Fireplce
Cool:Central Electric
Heat:Forced Air, Gas
Water Heater:Gas Cooktop, Dishwasher, Disposal, Gas Water Heater, Oven, Range Hood, Refrigerator, Tankless Water Heater, Water Softener Owned
Total Rooms:10
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 Eric Forney with Keller Williams Indy Metro S from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 05/29/2024 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

53
Avg. DOM

The house prices in Indianapolis are indeed dropping at the moment. There has been a decrease in price of $10,832.93. 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 $273,000.00 and the average price per square feet is $158.65 per square feet. At the moment, the amount of homes listed is exactly 13560 houses, with 2229 with active status, 1293 with pending status and 10038 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 $3,223.43. 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 71 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 857 minutes ago.

At the moment we have 203 open houses that you can visit.

The cost of the most expensive home in Indianapolis is $5,500,000.00. 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 $1.00 . 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 2163.38 sq.ft. , the biggest one being 14738 sq.ft. and the smaller being 0 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.