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$975,000   Price Analysis
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517 Lockerbie St
Indianapolis, IN 46202
3 bed 4 bath 4,100 SqFt ($237/SqFt)
6,534SqFt lot. Built 1890
Listed 2024-06-03, Taxes $8,607
Ⓧ USDA Ineligible
due to price & location

near Indianapolis

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.

* Sale Pending *

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 pretty and cozy sun room which leads to the fully fenced gardens and patio. Upstairs, find another vast 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 storag 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!


Presented by Chanda Johnson at
Maywright Property Co.
Listing Agent Photo

Property MLS #21982766 from MIBOR

Bedrooms: 3
Bedrooms On Main Level: 1
Bedrooms On Upper Level: 2
Primary Bedroom Dimensions: 15 x 13
Bedroom 2 Dimensions: 17 x 17
Bedroom 3 Dimensions: 20 x 18
Primary Bedroom Level: Main
Bedroom 2 Level: Upper
Bedroom 3 Level: Upper
Primary Bedroom Description: Closet Walk in

Total Rooms: 11
Basement Features: Ceiling - 9+ feet, Daylight/Lookout Windows, Storage Space, Unfinished
Family Room Dimensions: 24 x 19
Florida Room Dimensions: 14 x 13
Loft Dimensions: 17 x 10
Family Room Level: Main
Florida Room Level: Main
Loft Level: Upper

Total Bathrooms: 4
Full Bathrooms: 3
1/2 Bathrooms: 1
Full Bathrooms On Main Level: 1
Half Bathrooms On Main Level: 1
Full Bathrooms On Upper Level: 2

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

Gas Cooktop
Dishwasher
Dryer
MicroHood
Oven
Double Oven
Refrigerator
Washer
Water Heater
Laundry Features: Main Level

Cooling Features: Central Electric, Wall Unit(s)
Fireplace Features: Two Sided, Den/Library Fireplace, Dining Room, Family Room
Heating Features: Dual, Forced Air, SpaceWallUnit
Number of Fireplaces: 2

Dining Area Description: Formal Dining Room
Dining Room Dimensions: 16 x 13
Dining Room Level: Main
Kitchen Dimensions: 15 x 15
Kitchen Features: Kitchen Some Updates
Kitchen Level: Main

Carriage/Guest House
Fencing: Fence Full Rear, Privacy, Gate
Patio And Porch Features: Covered Porch, Open Patio

Lot Description: City Lot, Curbs, Sidewalks, Storm Sewer, Street Lights, Mature Trees
Lot Size Acres: 0.15
Lot Size Square Feet: 6534

Garage Spaces: 2
Parking Features: Detached, Concrete, Garage Door Opener, Side Load Garage, Storage
Garage Sqft: 500

View: Downtown, Neighborhood
Other Equipment: Smoke Alarm, Sump Pump

Association: Yes
Calculated Total Monthly Association Fees: 0

High School District: Indianapolis Public Schools

Washington Irving School 14 is a public elementary school located approximately 0.6 miles away.
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Center for Inquiry School 2 is a public elementary and middle school located approximately 0.4 miles away.
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Purdue Polytechnic High School Ind is a public high school located approximately 0.7 miles away.
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K12 International Academy is a private elementary, middle and high school located approximately 0.7 miles away.
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Source Listing Status: Pending
County: Marion
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.
Tax Year: 2024
Source Property Type: Residential
Area: 4912 - Marion - Center Ne
Source Neighborhood: Lockerbie
Parcel Number: 491101124002000101
Postal Code Plus 4: 3616
Subdivision: Lockerbie
Township: Center
Property Subtype: Single Family Residence
Lot Number: 11
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$399,400 + $55,200
$454,600
$8,607
2021$399,400 + $55,200
$454,600
$6,943
2020$406,800 + $55,200
$462,000
$7,027
2019$401,200 + $55,200
$456,400
$7,101
2018$383,400 + $55,200
$438,600
$6,945
2017$364,700 + $55,200
$419,900
$5,890
2016$356,400 + $55,200
$411,600
$5,586
2015$343,700 + $55,200
$398,900
$5,830
2014$325,800 + $55,200
$381,000
$5,432
2013$304,000 + $55,200
$359,200
$5,001
2012$298,500 + $55,200
$353,700
$5,372
2011$280,700 + $71,000
$351,700
$7,877
2010$280,700 + $71,000
$351,700
$4,826
2008$277,100 + $71,000
$348,100
$5,106
2008$280,700 + $71,000
$351,700
$5,106
2006$175,500 + $71,000
$246,500
$3,511

Listed 2024-06-03
$975,000
MIBOR

Total Square Feet Living: 2700
Year Built: 1890
Construction Materials: Brick, Wood
Direction Faces: North
Foundation Details: Concrete Perimeter, Cellar, Partial
Levels: Two
Property Age: 134
Property Condition: Updated/Remodeled
Total Area Main: 2150
Total Area Upper: 550
Architectural Style: TraditonalAmerican

Accessibility Features: Accessible Entrance

Cable Available
Electricity Connected
Gas
Sewer Connected
Water Connected
Water Source: Municipal/City
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.