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$1,999,900

501 S East Street Indianapolis, IN  46225

  • 4 Beds
  • 5 Baths
  • 4,490 sq. Ft

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Property Description for 501 S East Street Indianapolis, IN 46225

Exclusive luxury, Wedgwood Building Company custom home located in Fletcher Place with spectacular views of downtown skyline and Lucas Oil Stadium. This modern homes provide upscale living with urban amenities. Enjoy living on the Cultural Trail and walk to the many downtown restaurants, sporting events or across the street to the neighborhood park. This home features 4 levels with an elevator, 2 car attached garage, and rooftop terrace with 2 additional outdoor areas. The lower level has a separate residence option with private entrance, BR & BA, Kit, & Laundry, LVT flooring, and is great for in-law quarters, guests, or Airbnb. Premium finishes and automated window coverings throughout, along with Sub Zero and Wolf appliances in the sleek kitchen. 4 spacious bedrooms all with en suite BA. Smart design features, security system, retractable screens at second floor balcony, gas fireplace provision on expansive (1127sqft) rooftop with Trex decking, and 2 EV charging stations with epoxy flooring in garage! See attached plans for further detail. Home has been professionally staged and all/some furnishings could be sold with the house but is not included in the price.
QuickBuy option for home selling

Address:501 S East Street Indianapolis IN 46225
Status:Active
on site: 273 days
Price:$1,999,900
Bedrooms:4 Beds
Bathrooms:4 Full Baths, 1 Half Baths
Sq. Feet:4,490
Year Built:2024
Lot Size:0.05
County: Marion
Township: Center
MLS #:21966695
Property Type:Single Family Residence

Lot Dimensions:2265
Lot Features:Storm Sewer, Not In Subdivision
Water Source:Municipal/City
Directions:501 East Street is located just south of the corner of Virginia Ave and East Street. Just south of the Villaggio high rise condominium building.
Main Level Sq. Ft. :901
Upper Level Sq. Ft. :2,688
Total Sq. Ft. :4,490
Basement:Yes

Loan Price
$11,490
Price And Interest $10,432/month
Property Tax $225/month
MTG INS $0/month
HOME INS $833/month
Price
$1,999,900
Down Payment %
0 %
Down Payment
$0
Property Taxes
$225/month
Home Owner Insurance
$9,996 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

RoomSizeLevel
Bedroom 4 15x10 Basement
Family Room 14x12 Basement
Kitchen 14x12 Basement
Bedroom 3 16x10 Main
Office 16x15 Main
Mud Room 12x7 Main
Bedroom 2 15x15 Upper
Primary Bedroom 22x15 Upper
Family Room 16x15 Upper
Kitchen 23x11 Upper
Dining Room 12x12 Upper
Laundry 8x8 Upper
Sitting Room 14x12 Main

Semi-Annual Property Tax:$1,350
Tax Year:2022
Other Disclosures:Not Applicable
Mandatory HOA Fee:$

Area: 4913 - Marion - Center Se
City:Indianapolis
Subdivision: Downeys
Zip Code:46225

Total Sq. Ft.:4,490
Accessibility Feature:Accessible Entrance
Interior Features:Breakfast Bar, Built In Book Shelves, Raised Ceiling(s), Center Island, Elevator, Entrance Foyer, Paddle Fan, Hardwood Floors, Hi-Speed Internet Availbl, In-Law Arrangement, Network Ready, Pantry, Programmable Thermostat, Surround Sound Wiring, Walk-in Closet(s), Wet Bar, Window Metal, Windows Thermal, Wood Work Painted
Interior Area(s):Bedroom Other on Main, Family Room 2nd Story, Laundry in Unit, Utility Room
Eating Area(s):Dining Combo/Family Room, Dining Combo/Kitchen
Appliances:Electric Cooktop, Dishwasher, Dryer, Disposal, Gas Water Heater, Kitchen Exhaust, Laundry Connection in Unit, Microwave, Oven, Convection Oven, Gas Oven, Refrigerator, Bar Fridge, Tankless Water Heater, Washer, Water Softener Owned, Wine Cooler
Equipment:Security Alarm Monitored, Smoke Alarm, Sump Pump w/Backup
Exterior Features:Balcony, Smart Light(s), Smart Lock(s)
Exterior Type:Brick, Cement Siding
Fireplace(s):Gas Starter, Living Room
Cool:Central Electric
Heat:Forced Air, Gas
Water Heater:Electric Cooktop, Dishwasher, Dryer, Disposal, Gas Water Heater, Kitchen Exhaust, Laundry Connection in Unit, Microwave, Oven, Convection Oven, Gas Oven, Refrigerator, Bar Fridge, Tankless Water Heater, Washer, Water Softener Owned, Wine Cooler
Total Rooms:11
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

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Listing provided courtesy of Tom McNulty with McNulty Real Estate Services, from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 03/12/2024 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

130
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 1415 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.

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