See Home Value
$653,000 - $797,000
House - Off Market

540 E New York Street

Indianapolis, IN 46202
bedrooms
3 Beds
bathrooms
2.5 Baths, 1 Half Bath
square feet
2309 Sqft
Sold Jun 20, 2023
$460,000

About This Property

You don't want to miss this! Gorgeous downtown home renovated this year in Indianapolis' Oldest Neighborhood...Historic Lockerbie Square. You'll find hints of 1890s charm with modern updates throughout. Updated and sunny kitchen features quartz countertops and fresh herringbone tile. Thoughtful designs in all three updated bathrooms. This timeless home features 3 bedrooms, 2.5 baths, formal dining room, living room and parlor/office. The star of this home is its ornate natural hardwood staircase, hardwood floors, original exposed brick and pocket doors.   540 E. New York boasts traditional charm with modern conveniences and opportunity. You'll love the walkability to downtown, Mass Ave, Award winning Vida Restaurant, Parlor Public House, Hot Room Yoga, Commissary Barber & Barista and access to Indy's popular Cultural Trail in this Indianapolis Historic Preservation Commission protected community. Experience cozy Lockerbie living in this beautifully upgraded home. Schedule Your Tour Today!

The manager has listed the unit size as 2309 square feet.
Unit Size
2,309Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$314
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1890

Price History

Date / Event Date Event Price
Jan 21, 2024 No longer available -
No longer available
Dec 1, 2023 Listed $725,000
Listed
Jun 20, 2023 Sold $691,600
Sold
Jun 16, 2023 No longer available -
No longer available
May 10, 2023 In contract -
In contract
Show More

Property Highlights

Fireplace
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 2010
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 6
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 1,006
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,758
  • Lot Size Depth Feet: 1,700
  • Lot Size Frontage Feet: 540
  • Total Building Area: 3,228
  • Gross Building Area: 3,228
  • Building Area: 2,222
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,222
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: OUT LOT 053
  • Land Acres: 0.109
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: OUT LOT 053 BEG N/L NEW YORK ST 33 W OF W/L PARK AVE P.O.B. W33 N98.83 W5 N21 E71 S21 W33 S98.83 TO BEG

Ownership

  • Current Owner : BEACON PROPERTY PARTNERS LLC
  • Previous Owner : VOLLMAR GUY L
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Indianapolis Public Schools
  • Census Tract: 354201

Zoning

  • Zoning: ZO01

Geography

  • Assessors Map Reference: 2337-D3
  • District: 0001
  • Section: 1015003
  • Parcel: 49-11-01-245-027.000-101
  • Lot: 053
  • Municipality: CENTER TOWNSHIP
  • Latitude: 39.7713
  • Longitude: -86.1474

    Address

  • Full Address: 540 E New York St
  • Address - House Number: 540
  • Street Direction: E
  • Address - Street Name: New York
  • Address - Suffix Type: St
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: C013
  • 4-Digit Zip Code: 3630
  • Zip Code: 46202

Valuation

    Tax

  • Total Area: 3,228
  • Tax Year: 2022
  • Tax Amount: $5,465
  • Tax Rate Code Area: 101

    Appraisal Valuation

  • Standard Deviation: 0.1635
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 79
  • Final Value: 724,146
  • High Value: 843,262
  • Low Value: 605,030

    Market Valuation

  • Market Total Value: $461,000
  • Market Land Value: $136,500
  • Market Improvement Value: $324,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $461,000
  • Assessed Land Value: $136,500
  • Assessed Improvements Value: $324,500

    Sales

  • Current Sale Contract Date: Jun 13, 2023
  • Current Sale Recording Date: Jun 20, 2023
  • Current Sale Transaction ID: 11908349498
  • Current Sale Price: $460,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 49377

    Last Sale Mortgage

  • First Mortgage Lender: JRB CAPITAL INVESTMENTS LLC
  • First Mortgage Transaction Date: Jun 20, 2023
  • First Mortgage Loan Amount: $520,000
  • First Mortgage Terms: 6
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 13, 2024



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
3 Baths
3,387 ft²
$221/ft²
$749,000 Oct 11, 2023
-
-
Condo
3 Beds
3 Baths
3,028 ft²
$272/ft²
$825,000 Sep 18, 2023
-
$1,700/mo
Condo
4 Beds
2.5 Baths
2,240 ft²
$263/ft²
$589,400 Jun 28, 2023
-
$392/mo
Land
Loft
-
-
$650,000 Dec 8, 2023
-
$5/mo

About Downtown Indianapolis


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Frequently Asked Questions

When was property at 540 East New York Street built and last sold?
The property at 540 East New York Street was built in 1890 and last sold on Jun 13, 2023 for $460,000.
How much is this home worth?
The estimated value of the home located at 540 East New York Street is $734,199.
What are some comparable homes to 540 East New York Street?
Homes that are comparable to 540 East New York Street include a house property at 434 East New York Street, a condo property at 110 East Washington Street, 370 East St Clair Street.

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