NOT LISTED FOR SALE

511-521 Leon St Indianapolis, IN 46204

Lockerbie Square Neighborhood

Estimated Value: $498,000 - $817,237

0.2 Acre
$3,553,730 Price per Acre
8,712 Sq Ft Lot

Last Sold January 24, 2020

Last sale price $620,000

Est. 15% increase in value since last sale

Current estimated payment $4,013/month

76 Days on Market

About This Lot

As of January 2020

Five platted lots for sale in Lockerbie Square are ready for developers. A rare investment opportunity with very few spaces available to build single family home in this historic downtown Indianapolis neighborhood. Close to Mass Ave., Cultural Square and downtown Indy.

Last Listed By

Margie Litz

F.C. Tucker Company License #RB14051412 Listed on: 11/04/2019

F.C. Tucker Company

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,256

Year Built

  • 2023

Lot Details

Property Details

Property Type

Land

Est. Annual Taxes

$3,256

Year Built

2023

Lot Details

0

Listing Details

  • Property Type: Land
  • Type: Multiple
  • Property Sub Type: Residential Lots
  • Transaction Type: Sale
  • Co List Office Mls Id: MBRLITZ01
  • Co List Office Phone: 317-882-8600
  • Directions: East on North St. south on Leon St. Lots are on the east side of street. Just north of Michigan St.
  • New Construction: No
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Subdivision Name: LOCKERBIE
  • Special Features: None
  • Year Built (Public Record): 2023

Interior Features

  • Sq Ft Main Upper: 0

Exterior Features

  • Road Access: CityStreet
  • Water: Municipal Water Near By
  • Disclosures: Not Applicable
  • Topography: Cleared,Level

Utilities

  • Solid Waste: 0
  • Sewer: Municipal Sewer Near

Lot Info

  • Acres: <1/4 Acre
  • Lot Number: 12-15
  • Lot Size: 8678
  • Improvements: CurbsGuters,Sidewalks,StormSewer,Street Lights,Paved Streets
  • Land Characteristics: City
  • Potential Zoning: Single Family
  • Present Zoning: Single Family
  • Price Acre: 3250000
  • Divisible: 1
  • Development Status: NoStatus
  • Number Of Lots: 5
  • Zoning: Residential

Tax Info

  • Semi Annual Property Tax Amt: 1628
  • Tax Exemption: MortageTaxExemption
  • Tax Annual Amount: 3256
  • Tax Year: 2018

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2019
Closed on
Jan 24, 2020
Sold by
Litz & Eaton Investments Llc
Bought by
Lp2 Llc
Seller's Agent
Margie Litz
F.C. Tucker Company
Buyer's Agent
Nick Burrow
The Brokerage Company of Indiana
List Price
$750,000
Sold Price
$620,000
Premium/Discount to List
-$130,000
-17.33%
Total Days on Market
76
Current Estimated Value
$710,746

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$90,746
Avg. Annual Appreciation
5.61%

Purchase Details

Closed on
Dec 28, 2018
Sold by
611 E N St Llc
Bought by
Litz & Eaton Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$515,000
Interest Rate
4.8%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 28, 2014
Sold by
Maya Boguslavsky Poa Llc
Bought by
Jacobs Daniel C

Range of Values:

Collateral Analytics

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ICE

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lp2 Llc -- None Available
Litz & Eaton Investments Llc -- None Available
Jacobs Daniel C $100,892 Royal Title Services
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Litz & Eaton Investments Llc $515,000
Previous Owner 611 East North Street Llc $585,000
Closed Jacobs Daniel C $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/24/2020 01/24/20 Sold $620,000 0.0% --
01/06/2020 01/06/20 Off Market $620,000 -- --
11/27/2019 11/27/19 Price Changed $650,000 -13.3% --
11/04/2019 11/04/19 For Sale $750,000 -- --
Source: MIBOR Broker Listing Cooperative®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $552 $153,600 $19,900 $133,700
2023 $552 $19,900 $19,900 $0
2022 $553 $19,900 $19,900 $0
2021 $590 $19,900 $19,900 $0
2020 $589 $19,900 $19,900 $0
2019 $600 $19,900 $19,900 $0
2018 $1,023 $19,900 $19,900 $0
2017 $548 $19,900 $19,900 $0
2016 $520 $19,900 $19,900 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    Margie Litz

    F.C. Tucker Company

    (317) 797-2745

    14 Total Sales

    Margie Litz
    Section Image
  • Brian Vicars

    Seller Co-Listing Agent in 2020

    Brian Vicars

    Section Image

  • N

    Buyer's Agent in 2020

    Nick Burrow

    The Brokerage Company of Indiana

    (317) 496-3327

    47 Total Sales

    Nick Burrow
    Section Image
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Map

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Source: MIBOR Broker Listing Cooperative®

MLS Number: 21678964

MIBOR Broker Listing Cooperative®

APN: 49-11-01-112-026.011-101

Indiana Marion County Indianapolis 46204 Lockerbie Square

511-521 Leon St, Indianapolis, IN

Homes for Sale in Indianapolis, IN

This home is located at 511-521 Leon St, Indianapolis, IN 46204 since 04 November 2019 and is currently estimated at $710,746. This property was built in 2023. 511-521 Leon St is a home located in Marion County with nearby schools including Washington Irving School 14, Arsenal Technical High School, and George Washington Community High School (9-12).

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIBOR Broker Listing Cooperative® Based on information submitted to the MLS GRID. 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. Some IDX listings have been excluded from this website.