Indiana Landmarks offering restored Victorian cottage

March 1, 2012
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2014 East Tenth IndianapolisIndiana Landmarks is trying out a new approach to saving endangered residential properties: It renovated and is offering for sale a move-in ready historic home along East Tenth Street. 2014 East Tenth IndianapolisThe group traditionally has bought, stabilized and resold vacant historic homes, adding protective covenants that require buyers to restore and preserve them. But financing has become particularly tough for buyers in such deals, so the not-for-profit group tried out a new strategy for the 1890 Victorian cottage at 2014 E. Tenth St. The house got new heating and air conditioning systems, new bathrooms and new granite countertops in the kitchen. "We restored historic features—like the fireplace, pocket doors and hardwood floors—and also adopted contemporary trends," Mark Dollase, the group's vice president of preservation, said in a statement. "We created a master suite with a double vanity on the first floor—and amenity foreign to the Victorians but desirable to people today." Indiana Landmarks has listed the house for sale with an asking price of $134,900. (Click the before and after photos above for larger versions.) An open house is scheduled for 4:30 p.m. to 6:30 p.m. March 15.

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  • Love this idea
    ToddMarch 1, 2012 1:31 PM
    Great job to the folks at Indiana Landmarks. It would be nice if a donor would step forward with a million in seed money and they could do about ten at a time. Sell the homes and then keep reinvesting the initial million for redoing dozens of homes. Regardless, of my ramble great job. I love this city!
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  • Great idea
    ChrisMarch 1, 2012 1:36 PM
    Redevelopment is key to maintaining. If we look at the ever expansion of towns and cities, we see that they can never stop expanding. THey are in an accounts recievable growth trap - complicated by decrease in revenue from tax caps. They know nothing but to expand their borders to try and get more revenue. Think about it everyone bites off more than they can chew, meanwhile the older neighborhoods fall into disrepair and neglect because everyone moved to the smugburbs. Well we need new schools now, we need more schools, we need a palace of a stadium for 6 football games, on and on.
    Indiana Landmarks - bless you for being responsible and taking the initiative to maintain and rebuild a community.
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  • Gorgeous
    SunnyMarch 1, 2012 2:16 PM
    It's gorgeous. I hope that someone snaps it up quickly. Thanks to Historic Landmarks for looking at the reality of the loan situation and being proactive in coming up with a work-around. I love the idea of seed money, and suggest that you could tackle homes in a specific area to turn around a whole neighborhood more quickly. Maybe partner with Habitat for Humanity and some of the neighborhood redevelopment groups to really maximize the synergy.
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  • Great Job
    GreggMarch 1, 2012 3:46 PM
    This is wonderful! Great job and keep up the good work!
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  • concentrating on one area
    JoePMarch 2, 2012 8:01 AM
    I like the idea of doing more than one home at the time and possibly concentrating on one neighborhood. I think that would make it easier to sell the renovated houses and make the whole area more attractive for other investors...kind of hoping for a snowball effect. Keep doing the good work.
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  • IL you're the greatest
    Janet PenwellMarch 2, 2012 2:57 PM
    Indiana Landmarks, you make me so proud! My heart just swells when I think of the wonderful things you do for our city! I love the idea of multiple remodellings and the seed money idea. Keep up the wonderful work!
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