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504 N Park Ave APT 9, Indianapolis, IN, 46202

1beds
2baths
1,202sqft
$450,000
$374price/sqft
$3,114/moest. monthly cost
$124,560/yrincome needed

About This Home

Experience elevated downtown living in this sleek, sophisticated condo perfectly positioned just steps from Mass Ave, Bottleworks, and the charm of historic Lockerbie Square. Enjoy the convenience of secure, attached garage parking-no searching for a space after a night out in the city. Designed with both luxury and functionality in mind, this stylish residence features a private primary suite on the main level complete with a spacious walk-in closet, convenient laundry, abundant storage, and a spa-inspired bath that creates the perfect retreat. Step onto your private balcony to savor morning coffee or unwind with the city lights in the evening. Upstairs, the open-concept living space is filled with natural light and showcases a beautifully appointed kitchen with premium finishes, a generous waterfall island with seating for four, and a warm gas fireplace that anchors the inviting living area. A second balcony offers breathtaking skyline views and a gas grill, creating the ideal setting for entertaining friends or enjoying a peaceful evening overlooking downtown Indianapolis. Whether you're seeking a vibrant urban lifestyle or a luxurious lock-and-leave residence, this exceptional condo places Indianapolis' premier dining, entertainment, and cultural destinations just outside your door.

Getting Around

95
WalkingWalker's Paradise
60
TransitGood Transit
97
BikeBiker's Paradise

Schools

7/10
1/10

Construction

Condition

  • Property condition: Updated/Remodeled
  • Year built: 2016

Materials

  • Foundation: Concrete Perimeter
  • Construction materials: Brick

Type & Style

  • Home type: Condo
  • Architectural style: Contemporary
  • Property subType: Residential,Condominium

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Disposal,Induction Cooktop,Microwave,Oven,Refrigerator,Washer,Water Heater
  • Laundry features: Induction Cooktop,Laundry Closet

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 1

Features

  • Double Vanity,Kitchen Island,Entrance Foyer,Hardwood Floors,High Speed Internet,Eat-in Kitchen,Supplemental Storage,Wired for Sound,Walk-In Closet(s)
  • Flooring: Hardwood
  • Number of fireplaces: 1
  • Fireplace features: Family Room
  • Fireplace: Yes
  • Common walls with other units/homes: 2+ Common Walls

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,202
  • Total interior livable area: 1,202 sqft

Kitchen

  • Level: Upper
  • Area: 210
  • Dimensions: 15x14

Laundry

  • Level: Main
  • Area: 36
  • Dimensions: 9x4

Living Room

  • Level: Upper
  • Area: 494
  • Dimensions: 26x19

Master Bedroom

  • Level: Main
  • Area: 165
  • Dimensions: 15x11

Property

Details

  • Parcel number: 491101112027007101
  • Attached to another structure: Yes
  • Horse amenities: None

Features

  • Levels: Two
  • Stories: 2
  • Entry location: Building Common Entry,Upper Level
  • Patio & porch: Covered,Deck

Parking

  • Total spaces: 1
  • Parking features: Assigned,Attached,Garage Door Opener,Heated Garage
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingRelatively High
  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Earthquake
    EarthquakeModerate
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Inland Flooding
Tornado
Cold Wave
Earthquake
Heat Wave
Lightning
Strong Wind
Winter Weather

FEMA Declared Disasters Across Indiana Counties

Flood
Snowstorm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,275$27,300
Home Insurance *$213$2,556
Property Taxes $442$5,304
Electricity $184$2,212
Total$3,114$37,368
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$106,765/yr
40% on housing$93,420/yr
45% on housing$83,040/yr

Indiana FAIR Plan Programs

Indiana Basic Property Insurance Underwriting Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 810Commercial: 30
Total Premiums$1.77M
Total Exposure$1.82M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.6%
10.6%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 2.3%
2.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$374This listing

vs Other Active Listings

Avg $/sqft

ZIP 46202$168
Marion County$125

vs Homes Sold Last Month

Median $/sqft

ZIP 46202$182
Marion County$131

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-24Listed for sale$450,000
2021-12-13Sold$410,000

For Sale by Agent

AgentMatt McLaughlin
BrokerageF.C. Tucker Company

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