Downtown Indy Real Silk Lofts Condominiums Sales And Leasing Activity

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Real Silk Lofts

AS OF TODAY THERE ARE OPEN HOUSES SCHEDULED FOR THIS WEEK, IN THE REAL SILK LOFTS

Real Silk Lofts The Real Silk Hosiery Mills in Indianapolis was the largest shipper of COD parcel post packages. It was founded by brothers Jack and Lazure Goodwin in 1922. They were very successful and were one of the three biggest manufacturing units in the industry.

The stock market collapse depressed Real Silk's market and the company had extreme loss due to the price of raw silk plummeting and ended up owing a considerable amount to a couple of lenders. Gustave Efroymson, former president of H.P. Wasson Co. Indianapolis was approached to assist in turning the company around, and in 1934 the company was on a comeback... Read More

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There Are Active Listings
In The Real Silk Lofts

SEE THE CHATHAM ARCH OPEN HOUSES FOR THIS WEEK VIEW THE REAL SILK LOFTS AVAILABLE FOR LEASE
Location:	611 Park Avenue, Indianapolis IN 46204

Neighborhood:	Chatham Arch-Mass Ave

Year Built or Converted:	Converted to condominiums in the Mid 1980's

Total # Condos:	70
Size Range:	721 sq ft - 2,261 sq ft

Bedroom Options:	Most units in the building are 1 bedroom with an open loft that counts as 2nd bedroom downtown because the building is a high-rise with a fire sprinkler system. A small percentage of the units are 1 bedroom and most of these units are on the west side of the building and have downtown skyline views A handful of units are 3 bedroom units Real Silk also includes a separate attached townhouse that shares one of the two common area garages

What's Different About This building:	Most units have a handful of stairs that typically lead to the loft area and/or baths. As one of the older condo conversions downtown many of the units need updating. The amount and type of updating just varies based on what he current and past owner has previously completed. Most units only have 1 parking space and some units have none. There is a small first come first serve common parking lot by the front door and there is free parking on Park and North Ave. (Note as you might expect finding parking after 5:oo PM Thursday through Saturday evenings can be very tough.)

Parking	Typical parking per unit is 1 space either a garage space or an outside space. Some units have no deeded parking spaces. There are a handful of units that have two tandem parking spaces (heal to toe) in the outside parking lot. There is also a small 1st come 1st serve parking lot by the front door.

Amenities:	Most units have a 3 season's room where 1/2 of the large wall of windows opens that converts this space when the weather is nice to a balcony. No Grills are allowed to be used on these areas The building is the only Condo development downtown to have it's own Lap Pool, Sauna, and Whirlpool. There is also a small exercise room and a nice 2nd floor party room that overlooks the pool and can be reserved for private parties. There are also two restrooms that serve the pool and party room.

SORTED MOST TO LEAST EXPENSIVE There are Sold listings in the last 12 months. Below shows up to the first 24 Sales.
Search for Sold Properties & Get Email Alerts, Based On Your Criteria

THE RIGHT DECISONS START WITH UNDERSTANDING

THE 46204 ZIP CODE... Mitch Answers The Question

Is It A Buyer's Or Seller's Market Now?_{Click To} _{Read More}

The Market Action Index Shown Below Compares The Rate Of Sales Versus Inventory, To Create An Easy To Understand Visual Of How The Market Is Currently Preforming... Since This Information Is All Based On Data That's Updated Weekly!

A Market Action Index ("MAI") Of 0-29 Indicates a Buyer's Market Where Demand Exceeds Supply. The Lower The Number, The Greater The Buyer's Advantage. An MAI of 30 Indicates a Balanced Market Where Demand Matches Supply. And An MAI Of 31-100 Indicates A Seller's Market, Where Supply Is Less Than The Demand. The Higher The Number, The Greater The Seller's Advantage.

_{Selecting either the Single Family Houses or Condos/Townhouses button below allows you to see more details... Like a Market Narrative that adds context to the Market Action Index where we break down, in plain English for you, what all of these numbers mean. This narrative also provides clarity on which direction the market appears to be heading. Similarly, with the Real-Time Market Profile, you can explore each of the 11 trend lines to see how the indicator has changed over the past three months. You can also generate multi-year trend charts for 9 different market stats. Lastly, since the high end of the market often behaves differently than the low end, you can see the trends at all of the price points in your market to compare how the market is performing in the price segments that interest you most.
More Questions... Connect With Mitch Here.}

Note: Many Areas Have Multiple Zip Codes, & Some Zip Codes Also Span Multiple Areas. So, Accurate Market Data Varies Both On The Zip Code & The Area. Mitch Advises Clients Using, When Available, More Specific Neighborhood / Development Activity.

Single Family Detached Houses

46204 Snapshot On Houses

HOW'S THE MARKET?
Select Below For Details

Condominiums And Townhouses

46204 Snapshot On Condominiums And Townhouses

IF YOU ARE CONSIDERING SELLING OR BUYING IN THE REAL SILK LOFTS THEN:

As A Seller... "I always felt relaxed and like his only client."

I always felt relaxed and like his only client. It is without hesitation that we recommend Mitch Rolsky as a real estate agent for both the buy and sell side.

We have worked with Mitch twice in the purchase of a downtown Indy home and then with the subsequent sale of the same house just over 2 years later. Mitch's guidance allowed us to purchase the home in a desirable location at a price level that was at the lower end of the market range at that time. During the sale of the home, Mitch paid no attention to what the home was sold for earlier but focused on what the market would bear. Mitch focused on selling the value of the home and the location as opposed to price. He knows the market extensively and set a selling price and sales strategy that worked perfectly in a softening seller's market.

We moved because of a career change which forced us to move away during the sales process. Mitch took care of everything from there....in essence, we left our entire belongings in the care of Mitch. Friendly, detailed, trustworthy, knowledgeable and professional are but a few of the attributes of Mitch. Thanks Mitch....

ANNIQUE & MARTY G.

Recent Sales

As A Buyer... "Purchasing Indy real estate virtually from California during covid, was not within my comfort zone."

Purchasing Indy real estate virtually from California during covid, was not within my comfort zone. I needed an agent to patiently show me things as though I was there myself, speak with blunt honesty and find balance between my "desire" list and a stable long term investment.

Mitch doesn't miss a beat! He is highly intelligent, engaged with his clients - stellar communicator with a wealth of wisdom not only through the home buying process, but in life. I always felt relaxed and like his only client, yet knew he was doing much hard work in the background.

I've heard in life that "your realtor is your best friend!" Best friends work for your best interest; he was always right there and always told it like it was....so appreciated!!! He exceeded all expectations and hope to work together again in the future!

KRISTINA & ROBERT O.

Recent Sales