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. 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 beautiful and cozy sun room which leads to the fully fenced gardens and patio. Upstairs, find another spacious 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 storage 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!
Sold
$961,000
517 Lockerbie St, Indianapolis, IN 46202
3beds
4,100sqft
Residential, Single Family Residence
Built in 1890
6,534 Square Feet Lot
$967,500 Zestimate®
$234/sqft
$3,296 Estimated rent
Home value
$967,500
$880,000 - $1.07M
$3,296/mo
Zestimate® history
Owner options
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$3,296/mo
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$3,296/mo
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$6,017/mo
Est. payment
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$6,017/mo
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Zillow last checked:
Listing updated:
Listed by:
Chanda Johnson 317-513-1101,
Maywright Property Co.
Bought with:
Jenni Bliss McMillion
@properties
Source: MIBOR as distributed by MLS GRID,MLS#: 21982766
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 1
Primary bedroom
- Features: Hardwood
- Level: Main
- Area: 195 Square Feet
- Dimensions: 15x13
Bedroom 2
- Features: Carpet
- Level: Upper
- Area: 289 Square Feet
- Dimensions: 17x17
Bedroom 3
- Features: Carpet
- Level: Upper
- Area: 360 Square Feet
- Dimensions: 20x18
Dining room
- Features: Hardwood
- Level: Main
- Area: 208 Square Feet
- Dimensions: 16x13
Family room
- Features: Hardwood
- Level: Main
- Area: 456 Square Feet
- Dimensions: 24x19
Kitchen
- Features: Hardwood
- Level: Main
- Area: 225 Square Feet
- Dimensions: 15x15
Laundry
- Features: Tile-Ceramic
- Level: Main
- Area: 81 Square Feet
- Dimensions: 09x09
Library
- Features: Hardwood
- Level: Main
- Area: 256 Square Feet
- Dimensions: 16x16
Loft
- Features: Carpet
- Level: Upper
- Area: 170 Square Feet
- Dimensions: 17x10
Sun room
- Features: Tile-Ceramic
- Level: Main
- Area: 182 Square Feet
- Dimensions: 14x13
Heating
- Dual, Forced Air, Space Heater
Cooling
- Wall Unit(s)
Appliances
- Included: Gas Cooktop, Dishwasher, Dryer, MicroHood, Oven, Double Oven, Refrigerator, Washer, Water Heater
- Laundry: Main Level
Features
- Attic Access, Double Vanity, Bookcases, High Ceilings, Ceiling Fan(s), Hardwood Floors, High Speed Internet, In-Law Floorplan, Eat-in Kitchen, Pantry, Smart Thermostat, Walk-In Closet(s)
- Flooring: Hardwood
- Windows: Wood Frames
- Basement: Ceiling - 9+ feet,Daylight,Storage Space,Unfinished
- Attic: Access Only
- Number of fireplaces: 2
- Fireplace features: Double Sided, Den/Library Fireplace, Dining Room, Family Room
Interior area
- Total structure area: 4,100
- Total interior livable area: 4,100 sqft
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Detached, Concrete, Garage Door Opener, Side Load Garage, Storage
- Garage spaces: 2
- Details: Garage Parking Other(Service Door)
Accessibility
- Accessibility features: Accessible Entrance
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Patio
- Fencing: Fenced,Fence Full Rear,Privacy,Gate
- Has view: Yes
- View description: Downtown, Neighborhood
Lot
- Size: 6,534 Square Feet
- Features: City Lot, Curbs, Sidewalks, Storm Sewer, Street Lights, Mature Trees
Details
- Additional structures: Guest House
- Parcel number: 491101124002000101
- Special conditions: Probate Listing,Estate
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Residential, Single Family Residence
Materials
- Brick, Wood
- Foundation: Concrete Perimeter, Cellar, Partial
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1890
Utilities & green energy
- Water: Municipal/City
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Subdivision: Lockerbie
HOA
- Has HOA: Yes
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $234/sqft
- Tax assessed value: $935,900
- Annual tax amount: $9,076
- Date on market: 6/3/2024
- Cumulative days on market: 7 days
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 7/19/2024 | Sold | $961,000-1.4%$234/sqft |
Source:  MIBOR as distributed by MLS GRID #21982766 Report a problem | ||
| 6/10/2024 | Pending sale | $975,000$238/sqft |
Source: MIBOR as distributed by MLS GRID #21982766 Report a problem | ||
| 6/3/2024 | Listed for sale | $975,000+683.1%$238/sqft |
Source: MIBOR as distributed by MLS GRID #21982766 Report a problem | ||
| 2/28/2001 | Sold | $124,500$30/sqft |
Source: MIBOR as distributed by MLS GRID #2104858 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,079 -11% | $935,900 +60% |
| 2024 | $9,076 +7% | $585,000 -6.8% |
| 2023 | $8,485 +24.3% | $627,900 +10.8% |
| 2022 | $6,824 -1.3% | $566,500 +24.6% |
| 2021 | $6,912 -1.1% | $454,600 -1.6% |
| 2020 | $6,988 +2.2% | $462,000 +1.2% |
| 2019 | $6,835 +17.5% | $456,400 +4.1% |
| 2018 | $5,815 +4.1% | $438,600 +4.5% |
| 2017 | $5,587 -4.2% | $419,900 +2% |
| 2016 | $5,831 +7.3% | $411,600 +8% |
| 2014 | $5,432 +1.1% | $381,000 +6.1% |
| 2013 | $5,373 | $359,200 +1.6% |
| 2012 | $5,373 | $353,700 +0.6% |
| 2011 | -- | $351,700 |
| 2010 | $7,877 +63.2% | $351,700 |
| 2009 | $4,827 | $351,700 +1% |
| 2007 | -- | $348,100 +41.2% |
| 2006 | -- | $246,500 +22.6% |
| 2005 | -- | $201,000 |
| 2004 | -- | $201,000 |
Find assessor info on the county website
Neighborhood: Downtown
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Nearby schools
GreatSchools rating
- 7/10Center for Inquiry School 2Grades: K-5Distance: 0.4 mi
- 2/10Arlington Community Middle SchoolGrades: 6-8Distance: 0.5 mi
- 2/10Arsenal Technical High SchoolGrades: 9-12Distance: 0.8 mi
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Estimated market value
$967,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$967,500
- Indiana
- Marion County
- Indianapolis
- 46202
- Downtown
- 517 Lockerbie St
