Historic Irvington Home Tour!

I’m so excited…this spring, I was able to work with my friend Kate Bilyj in the purchase of a Co-op in her dream area of Irvington and drum role please…her unit has been chosen to be on the Irvington Benton House Tour of Homes on Sunday, September 15, 2013!

This tour showcases the history, charm, and architecture of Irvington neighborhoods.  In it’s 40th year, this tour brings inspiration, education, and home improvement ideas to the.  Guests can enjoy viewing the properties of homeowners who truly fuel the Irvington neighborhoods. Many of the homeowners not only live in Irvington, but, invest further in the development of this 143 year old community.

Featured on this years tour is a beautiful ranch with a three room conversion into a dream kitchen. Recent bathroom renovations, and a finished basement.  In the Irvington Terrace area is a charming tudor with unique architecture, original details, and beautiful front and back gardens. Also on view will be a chic bungalow where budget and hip design style play a central role in creating an inspired home. The newly constructed Irvington Lofts are also included on the tour. Kate’s unit is in the Co-op neighborhood of Maplewood Court and boasts many of the original features including my favorite part…the original doorbell!

As part of the 40th anniversary celebration, there will be a tour/hog roast celebration at the Downey Avenue Christian Church, a complimentary cupcake as well as music and festivities on the lawn of the Benton House.

The home tour is the largest fundraising event for the historic Benton House, raising funds for the preservation of the 140 year old landmark. What started 40 years ago as a group of eager neighbors opening their homes for neighbors to tour and share ideas has now turned into the longest consecutively ran home tour in the city of Indianapolis showcasing nearly 200 homes and landmarks over the years.

The 2013 self guided Irvington Tour of Homes starts at noon and continues until 5:00pm on September 15, 2013. Biking and walking is encouraged. Tickets are $12 advance, $15 the day of the tour. Children under 12 years of age are admitted free.

Tickets can be purchased starting August 28 at local Irvington shops and restaurants to include Central Ace Hardware, Dufour’s, Black Sheep Gifts, Snips and Bookmamas. Purchase tickets the day of the home tour at the Benton House, 312 South Downey Avenue, Indianapolis, IN 46219. For information please call 317-372-2372 or email bentonhousetour2013@gmail.com

Think you might want to live in Irvington?  I can help with that!  In addition to homes currently on the market, I will have a home for sale ON Pleasant Run Parkway South drive, directly across the street from Ellenberger Park.  My friend and fellow agent Jeffrey Tabler will be holding this home open on Sunday during the times of the tour…stop in and say hello! I will be at Kate’s home helping her with the tour…yes, I am a full service agent!  Please stop by and say hello!

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Vicki Reed

Co-Op? Not what you think!

When you google Co-Op’s in Indianapolis, the results go to farm or food cooperatives…but did you know that we also have Co-Op homes in Indy?  I have personally assisted my dear friend Kate in her purchase of her new home…a Co-Op in Irvington!  I learned a lot during this process and thought I would share some it.

When I think of Co-Op’s, I think of those fabulous Park Avenue places in New York City…you know the ones, millions of dollars, thousands of square feet, very exclusive with a fabulous view.  In Irvington, there are 2 neighborhoods – Maplewood Court and Irvington Court.  A housing cooperative is a legal entity consisting of one or more residential buildings, a distinctive form of home ownership that has many characteristics that make it different than other residential arrangements such as single family ownership, condominiums and renting.

The corporation is membership based, with membership granted by way of a share purchase in the cooperative. Each shareholder in the legal entity is granted the right to occupy one housing unit. A primary advantage of the housing cooperative is the pooling of the members’ resources so that their buying power is leveraged, thus lowering the cost per member in all the services and products associated with home ownership.  Members, through their elected representatives, screen and select who may live in the cooperative.

Kate purchased her new home in Maplewood Court, these were built in 1917 and to the credit of the Board, somewhere along the way they added garages to the property along with a caretaker apartment and caretaker.  These units boast an unfinished basement with Laundry hook-up, main floor has a living room, dining room and kitchen – some have taken down the wall between the kitchen and dining which really opens the space – 2 bedrooms and a bath on the 2nd floor and most have finished the attic that really adds to the usable space!  They all have front porches and lots of period detail.  Kate’s unit even has the original doorbell on the beautiful wood and leaded glass front door!

Closing was the simplest transaction I’ve been involved in during my career…money transferred, a few documents signed and well, what took the longest was the issuing of the Stock Certificate – one of the board members actually used calligraphy and issued it from the original book of blank stock certificates!

Great process, lots of lessons learned, Kate has a fantastic new home and all is well.  Living in Irvington was Kate’s dream….what can I do to turn your dreams into an address?

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Vicki Reed

Want to move to Irvington?

I have a client very interested in moving to Irvington – this area is ever evolving and very walkable which is on a lot of people’s wish lists these days!  Housing is reasonably priced, including some really good deals on 1700 square feet townhomes in a Coop neighborhood – I know, you say a “coop” my thoughts automatically goes to New York and those expensive apartments on Central Park!  If you google “co-ops in Indiana“, you get grain and bean coop or food coop.  This will be a learning experience that I will happy share with you as we move through the process…but now back to Irvington.

Irvington was originally a suburban town in 1870 but was annexed into the City of Indianapolis in the early 1900’s.  The original plat of Irvington includes a winding picturesque street plan, very different from Indianapolis’ grid layout.  Irvington today has more lineal blocks of brick streets than any neighborhood in the city, and its naturalistic plan is considered Indianapolis’ largest and most developed example of Victorian Romantic landscape design.

In 1873, the area was selected as the new location for Northwestern Christian University, later renamed Butler University.  From 1875-1928, Butler developed a campus in Irvington, which subsequently promoted a college town atmosphere throughout the community. Although most of the campus buildings are gone, except the Bona Thompson Memorial Library, the intellectual spirit is still reflected in Irvington’s many association and groups.

Want to move to Irvington?  Click here to check out available homes everything from $8,000 to $260,000, sign up on my website and let’s get started!

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Vicki Reed