Former Hilbert mansion draws local interest in auction
Sealed-bid auction attracts a half-dozen bids from interested owners that are “more centrally located than you might think,”
said the listing agent.
Sealed-bid auction attracts a half-dozen bids from interested owners that are “more centrally located than you might think,”
said the listing agent.
The 62-unit project called National Apartments on the Monon is the latest phase of the Martindale on the Monon redevelopment
project, which began in 2005. The developer is Indianapolis-based Development Concepts Inc.
The 25,000-square-foot mansion once owned by Conseco Inc. founder Stephen Hilbert was listed five years
ago at $20 million—and
about half that in recent months. Now the property is being sold in a sealed-bid auction, and offers are due Friday.
The prolific developer of urban apartments plans to turn the building into an affordable artists’ community.
The talk of the town back in 1929, the Mediterranean-style house at 118 Ulen Blvd. is now simply home for husband and wife
Gary Katona and Jennifer Jones-Katona, former Indianapolis city dwellers who retreated to the quiet “town within a town”
15 years ago.
Well-designed window treatments can provide a multitude of benefits.
IBJ has compiled its All-Star Agents lists annually since 1997. Agents are ranked by their sales volume over a two-year
period.
Indiana is now the 18th state to complete 30 percent of its goal, by retrofitting about 20,000 homes to make them more energy efficient.
July’s 27-percent decline marked the third straight month that home sales have slumped in central Indiana following three
straight months of improving sales spurred by generous federal tax credits.
The suit against SC Bodner Co. says 16 Bodner properties in eight states violate the Fair Housing Act.
Satori Pointe is being marketed as a campus where medical offices, fitness-oriented retailers and residents would co-exist.
A Lake Clearwater mansion formerly owned by Premier Properties founder Christopher P. White is up for sale with an
asking price of $1.48M.
The Carmel-based company backed off earlier predictions after a mid-year slow-down that could affect its sales.
The housing market had boomed earlier in the year on the strength of federal tax credits. Since they have expired, the number
of people looking to buy has dropped even with the lowest mortgage rates in decades.
The foreclosure epidemic has left a wake of carnage in the Indianapolis area.
Until this year, Indiana’s foreclosure epidemic knew no demographic boundaries. But suddenly that’s changed. Since March,
not a single foreclosure on a house priced at $1 million or more has been filed in the Indianapolis area—a possible
sign of better times for uber-expensive homes.
With the first baby boomers set to turn 65 in six months, investments in senior housing are heating up. A group of Indianapolis-area
professionals—including Mark Waterfill (left) and Tony Schantz—have banded together to launch three senior housing
projects around the state, spending $49 million and looking
to do more.
John Jacobs and a Cleveland-based partner have put a Friday deadline on offers for the 62-unit Richelieu apartments, a two-building
property at the intersection of North and East streets and Mass Ave.
Nearly 528,000 homes were taken over by lenders in the first six months of the year, a rate that is on track to eclipse the
more than 900,000 homes repossessed in 2009.
CNO Financial Group Inc. will resort to a sealed-bid auction to unload the lavish Hilbert mansion in Carmel, which has been
on the market for five years. Its latest asking price was $9.9 million.