Conrad hotel condo sells for record-breaking $4.8M
INDIANAPOLIS, Ind. – The recent sale of a downtown Indianapolis condo has set a new record for the biggest residential real estate sale in Marion County’s recorded history.
The 5,514-square-foot condo, located on the 22nd floor of the Conrad hotel on north Illinois Street, sold for a whopping $4.8 million, according to the Indy Star.
That price tag topples the previous record-holder, a 15,700-square-foot estate on the north side that sold for $4.29 million in 2003, according to MIBOR Realtor Association.
The Conrad condo was listed at $5.4 million and was on the market for 54 days before closing on Nov. 30.
The seller, according to tax records, is former Cummins Inc. CEO Theodore “Tim” Solso. He had owned the condo with his wife since 2008.
The buyers are Michael and Carla McCracken, according to the Marion County Assessor’s Office.
“It was quite a humbling experience,” said Joe Shoemaker, a broker associate with Encore Sotheby’s International Realty, the agent for the seller. “It’s such a stunning building and unit. It’s certainly a subjectively unique property.”