Historic Properties: A restored 1915 Craftsman and an 1880 Victorian cottage in need of TLC

For our first installment of Historic Properties – a monthly feature aimed at showing buyers and history buffs how and where they can get a piece of history – AT thought it would take a look at two houses in Indiana.

One is a restored 1915 Craftsman bungalow in the Arsenal Park neighborhood of Indianapolis, and the other an 1880 Victorian in Monterey.

Both houses, as you can see, are testaments to the time in which they were built, and their respective designs still carry the flair of their eras. It’s also clear – by both the price and the condition – that we are looking at two sides of the “historic property” coin.

With the 1915 Craftsman, there is little to do save move in and enjoy your historic and well-renovated property. You just have to be willing to pay the price tag for the work. In this case, $299,000.

The 1880 Victorian cottage? Well, at $35,000 it’s a steal, but you’d need to sink another good chunk into the house to bring it back to its fresh glory from such faded days. The bones though, as they say, are good on this one, and with the right owners with the right skills and vision, there is a beautiful house in the making, and one that will not soon break under any housing bubble.

1915 Craftsman AT 5-7.jpg1915 Craftsman bungalow, two bedrooms, approximately 2,200 square feet, $299,000. Contact Paul Willham at 317-224-5511, or by email at victiques@hotmail.com, for more information.

This shingled bungalow known as “The Willows,” shown at right, sits in a row of Craftsman bungalows five minutes from downtown Indianapolis. The 2,200-square-foot bungalow has been completely restored, retaining its 1915 charm while providing the modern conveniences expected by today’s homeowner.

The home features a formal entry, living room with period style built-ins, fireplace and stained glass windows, a sunny “Chicago style” solarium, formal dining room with Waverly fabric walls and cross beam ceiling. The gourmet kitchen features oak cabinets with custom built-ins, wine fridge and all new energy efficient appliances. Home features include period reproduction Craftsman lighting and wallpaper.

Upstairs are two master suites. The front suite has a fireplace and home theatre system. This suite also has a large master bath featuring a multi-head shower, his and hers sinks and a whirlpool tub. The rear suite has a generous size bedroom, and a master bath with stained glass windows and a whirlpool tub.

The 22-foot by 24-foot carriage house was built in 2005 and features an 18-foot by 24-foot second floor room that could be a home office or game room.

1880 Victorian cottage, three bedrooms, approximately 2,400 square feet, $35,000. Contact Paul Hayden, Historic Landmarks Foundation of Indiana, 574-232-4534, or by email at phayden@historiclandmarks.org.

1880 Victorian AT 5-7.jpgThis circa 1880 Victorian cottage, shown at left, with elaborate detailing and huge yard is located in the small northern Indiana town of Monterey. The house is only a 10-minute drive from Culver, Lake Maxinkuckee, just 100 miles from Chicago and 40 miles from South Bend.

This house sits on nearly .80 of an acre and is one of the most ornate saved in recent memory with a highly ornamented bracketed cornice, porches and a huge frieze under the eaves. Its style mixes elements of Second Empire, Queen Anne and Stick styles all in unaltered form from its construction.

The interior features two large parlors, a large dining room and a kitchen area with an entry/mud room/pantry to the side. It also has a full bathroom and another smaller room adjacent. The undiscovered part of the house is in the second floor where three large rooms (two unfinished) nestle into the second empire roof. The house will need all new electric, plumbing, HVAC. The exterior needs restoration but is in decent condition.

All information, and images are provided by www.historicproperties.com.