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Record-Breaking Sale of Linden House is now the Highest Selling Residential Property in Indiana’s History
National retailer RH, developer M Development and Christel House International are excited to announce that the sale of Linden House, the estate of the late Christel DeHaan, has closed and will become the home of the RH furniture showroom, interior design gallery, upscale RH restaurant, wine bar and outdoor furniture gallery.
Linden House is now the highest selling residential property in Indiana’s history. Photo by The Home Aesthetic for Encore Sotheby’s International Realty. Linden House is a 41,762-square-foot mansion on approximately 168 acres along Michigan Road, just west of the White River, adjacent to Butler University, Newfields and The International School.
Linden House. Photo by The Home Aesthetic for Encore Sotheby’s International Realty. RH, which operated as Restoration Hardware prior to 2017, will lease and operate the property. RH’s goal is to open in summer 2023. The estate will be turned into a spectacular showroom curated with RH-brand products. Customers will have the opportunity to explore the estate, gardens, and order furnishings at the showroom.
RH has opened similar galleries and restaurants in Boston, Chicago, Dallas, New York City and San Francisco.
The grand entrance hall. Photo by The Home Aesthetic for Encore Sotheby’s International Realty. Ms. DeHaan’s estate was co-listed by Mike Johnson, of residential real estate brokerage Encore Sotheby’s International Realty, and, Stan Burton, of commercial real estate brokerage Avison Young. The estate was listed for $14,000,000, in January of this year, and is now the highest selling residential property in Indiana’s history, at $14,500,000.
The sitting room. Photo by The Home Aesthetic for Encore Sotheby’s International Realty. “Having the opportunity to co-list Linden House, along with Stan Burton of Avison Young, has been an exciting opportunity and the highlight of my 25-year career. It has been an honor to work with CD Realty to help make this a successful experience. This incredible estate will now become the home of one of a select number of RH showrooms and restaurants. Indianapolis will share that designation along with similar showrooms in Boston, Chicago, Dallas, NYC and San Francisco. The residents of Indianapolis will soon have the opportunity to experience the grandeur of this amazing estate and private gardens,” Mike Johnson, co-listing broker, said of the sale.
The formal dining room. Photo by The Home Aesthetic for Encore Sotheby’s International Realty. “We are incredibly thrilled to have had one of our accomplished agents, Mike Johnson, co-list Linden House with Stan Burton of Avison Young, leading to the successful and record-breaking sale of the remarkable property,” said Mark Zukerman, CEO and Founder of Encore Sotheby’s International Realty. “Looking forward, we are equally grateful for the legacy of Christel DeHaan and excited to see RH capitalize on the extraordinary residence to create a one-of-a-kind experience in Indianapolis.”
One of the numerous gardens throughout the property. Photo by The Home Aesthetic for Encore Sotheby’s International Realty. Proceeds from the sale of the property will support Christel House International. Christel House International serves 6,688 students at nine schools: four in Indianapolis, two in India and one each in Jamaica, Mexico and South Africa. The organization also provides students with five years of post-graduation support in the form of financial, academic and career assistance through its Christel House College and Careers program.
Additional photos of the one-of-a-kind estate are shown below.
The kitchen. 
The primary bedroom. 
One of the numerous gardens. 
The indoor lap pool. 
The exterior grounds. 
The outdoor pool. 
Linden House. All photos and video by The Home Aesthetic for Encore Sotheby’s International Realty.
*Linden house is the highest priced residential, single family home sale in the state of Indiana, per MIBOR REALTOR® Association (MIBOR), Indiana Regional MLS (IRMLS), and Greater Northwest Indiana Association of REALTORS® (GNIAR).
Encore Sotheby’s International Realty offers home sellers and buyers access to the most accomplished real estate professionals who assist in achieving their real estate goals. With offices located throughout Indiana, including Carmel, Zionsville, Fort Wayne and Lake Wawasee, they are Indiana real estate experts, backed by the world-class Sotheby’s International Realty brand. For all of your real estate needs, call 317.660.4444 or visit encoresothebysrealty.com.
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Market Report | August 2022
In August, communities throughout Indiana shared trends of increased average days on market (DOM) and remained relatively consistent in terms of average sales price and number of transactions as compared to July of this year.
In Hamilton County, the average sales price in Carmel was $576,496, a 3.6% decrease month over month. In Fishers, the average days on market jumped to 14 days in August from 10 days in July. In Noblesville, the average sales price increased to $402,096, or by 2.4% month over month. Conversely, Westfield dropped to $459,689 for an average sales price across the 109 transactions that occurred, or a 13.4% decrease from July. In Boone County, Zionsville saw an 80% increase in averages days on the market, going from 10 days in July up to 18 days in August. Additionally, the average sales price rose to $665,473, up 4% from the previous month.
In Washington Township, the number of transactions increased slightly from 203 to 212, and the average sales price decreased by 13.6% to $341,669. In Downtown Indianapolis, the average days on market was nearly cut in half from 120 days in July down to 65 in August.
Fort Wayne remained consistent with a similar average sales price month over month at $249,785, a 2.3% decrease from July and saw homes remain on the market slightly longer, as seen by a 50% increase in average days on market to 12 days in August from 8 days in July. The Kosciusko County Lakes saw a sizable 51.7% average sales price increase to $725,902 across 34 transactions compared to the previous month.
In Northwest Indiana, Valparaiso showed consistent trends with other communities through the Hoosier state, with increased average days on market from 13 days in July to 23 days in August and a slight 3.7% increase in average sales price to $376,364 in August. The NWI Lakefront Beach communities saw a drop in averages sales price to $262,505 or down 20.7% from the previous month.
Read the full report below to learn more about your specific community and reach out to see how our agents can best assist with all of your real estate goals.
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Significant Sales | August 2022
View our monthly round-up of significant sales in August, where our agents artfully united extraordinary homes with extraordinary lives throughout Indiana.
1011 W. 116th Street | Carmel, Indiana
Seller Represented by Jim Schlueter | $2,400,000 9560 Irishman’s Run Lane | Zionsville, Indiana
Seller Represented by Traci Garontakos, Garontakos Group | $1,375,000 411 Auditorium Boulevard | Winona Lake, Indiana
Seller Represented by Lynn Reecer and Kate Leach, Lynn Reecer Team | $1,180,000 11319 Still Creek Drive | Zionsville, Indiana
Seller Represented by Traci Garontakos and Jaci Cleveland, Garontakos Group | $900,000 608 Tamenend Court | Fishers, Indiana
Seller Represented by Sandy Ginn, Sandy Ginn Team | $863,000 Additional Sales
5655 Central Avenue | Indianapolis, Indiana
Buyer Represented by Heather Carpenter and Ron Herman | $1,700,000
10477 N. Grand Boulevard | Syracuse, Indiana
Seller and Buyer Represented by Lynn Reecer, Lynn Reecer Team | $1,300,000
4167 Alderborough Way | Zionsville, Indiana
Buyer Represented by Traci Garontakos and Jaci Cleveland, Garontakos Group | $1,146,555
13214 Mink Lane | Carmel, Indiana
Buyer Represented by Robbin Edwards and Katie Reasoner, Edwards Realty Group | $1,100,000
Encore Sotheby’s International Realty offers home sellers and buyers access to the most accomplished real estate professionals who assist in achieving their real estate goals. With offices located throughout Indiana, including Carmel, Indianapolis, Zionsville, Fort Wayne and Lake Wawasee they are Indiana real estate experts, backed by the world-class Sotheby’s International Realty brand. For all of your real estate needs, call 317.660.4444 or visit encoresothebysrealty.com.
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Out and About: Indiana Events | September 2022
Check out this month’s line-up of events as the fall season is upon us. There’s never a shortage of things to do, no matter where you live in the Hoosier State. Our seasoned agents are experts in connecting you with properties that suit your lifestyle, hobbies and goals. We’ll see you out and about in the wonderful communities we serve!
2022 Sunflower Festival, Sheridan | Sept. 2 – 5 & 9 – 11
All In Arts and Music Festival, Indianapolis | Sept. 3 – 4
Jupiter Flights Balloon Festival, Fishers | Sept. 9 – 11
Popcorn Festival, Valparaiso | Sept. 10
Noblesville Brewfest & Wine Garden, Noblesville | Sept. 17
Ales for Adoptable Tails, Indianapolis | Sept. 17
Johnny Appleseed Fest, Fort Wayne | Sept. 17 – 18
Fall Home and Outdoor Show, Westfield | Sept. 23 – 25
Carmel International Arts Festival, Carmel | Sept. 24 – 25
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Agent Spotlight | Spencer Kline
Our Agent Spotlight series captures the personalities of our extraordinary agents who assist their clients in achieving their real estate goals and dreams. Meet Spencer Kline, who has been in real estate for 20 years. Read the full interview below to learn more.
What do you love most about living in Indiana?
The wonderful quality of life enriched by great friends and friendly people.
How does Encore Sotheby’s International Realty provide value to your clients?
Whether buying or selling, Encore Sotheby’s International Realty enables us to treat our clients like million dollar buyers or sellers no matter the price points of the homes being sought or sold.
What is the most fulfilling part about being a real estate agent?
Finding the perfect home for my buyers and getting the best sales price for my sellers.
Have you had any crazy experiences while in the field?
There isn’t enough space here to detail some of the crazy experiences, but the one that sticks in my mind is having an experience in a bonafide haunted house. Very scary!
What motivates you?
Helping people achieve their real estate goals and dreams.
If you could travel anywhere in the world, where would it be and why?
I’ve always wanted to go to Japan as the culture and technology they continually advance has always fascinated me.
What’s your top piece of advice for clients who are selling a home? What about buying a home?
In terms of selling, you don’t need to spend a fortune to get your home on the market. You must do certain things to neutralize or repair if things detract from the look of the home, and staging is recommended and is not always expensive. As for buyers, I always tell them not to force a home to fit their needs, it has to happen naturally. For twenty years I have watched buyers as they walk into a home and just know it’s the one.
What do you do from a philanthropic standpoint?
Having lost my wife to cancer, and as a cancer survivor myself, I am getting more involved in Cancer Society activities and fundraising. Additionally, I oversee the endowment of the Amy Kline Memorial Scholarship which works through the Carmel Education Foundation and awards scholarships to college bound freshmen.
What are your most enjoyable hobbies?
I enjoy art and theater and can be found at many of Indy’s fine museums. I also like spending time cooking and enjoying meals with close friends – it’s always a special time for me.
What are your best recommendations of things to do and see for people moving to Indiana from out-of-state?
Naturally, I recommend the downtown museums, zoo, the Cultural Trail and Mass Ave. But I also enjoy showing them the cool areas around town such as Irvington and the explosive growth in Hamilton County such as in Carmel, Fishers and Westfield. I explain that these areas are practically unrecognizable from only a few years ago!
What’s your favorite design trend and what’s got to go?
Eclectic design is always in for me. Stained woodwork is out and always dates a home.
To get in touch with Spencer Kline, please call 317.753.7282 or email him at spencer.kline@encoresir.com.
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Encore Sotheby’s International Realty Agents Recognized on IBJ’s All Star Agents List
Encore Sotheby’s International Realty is proud to congratulate Mary Wernke Group and Garontakos Group, who both made the 2022 IBJ All Star Agents List, which recognizes the Indianapolis area’s top teams and solo agents.
Mary Wernke Group, consisting of Mary Wernke, Jenn Sutton and Christian Payne ranked #42, with a sales volume of $69,995,656 and 104 closed transactions in 2021.
The Garontakos Group, consisting of Traci Garontakos and Jaci Cleveland ranked #49 with a sales volume of $63,021,410 and 80 closed transactions in 2021.
“We are very excited to congratulate Mary, Traci and their team members for being recognized as All Start Agents by the IBJ. They are truly setting the standard across the industry and excel at providing an extraordinary level of service for our clients,” said Mark Zukerman, CEO and Founder of Encore Sotheby’s International Realty.
To view the complete list of honorees, view the lists below.
All Star Agent Teams (#1 – #25)
All Star Agent Teams (#26 – #50)
Encore Sotheby’s International Realty offers home sellers and buyers access to the most accomplished real estate professionals who assist in achieving their real estate goals. With offices located throughout Indiana, including Carmel, Indianapolis, Zionsville, Fort Wayne and Lake Wawasee they are Indiana real estate experts, backed by the world-class Sotheby’s International Realty brand. For all of your real estate needs, call 317.660.4444 or visit encoresothebysrealty.com.
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Significant Sales | July 2022
View our monthly round-up of significant sales in July, where our agents artfully united extraordinary homes with extraordinary lives throughout Indiana.
11666 N Sunrise Drive | Syracuse, Indiana
Seller and Buyer Represented by Lynn Reecer and Jenny Layne | $2,000,000 4190 N State Road 127 | Angola, Indiana
Seller and Buyer Represented by Sandy Ginn | $1,600,000 105 Harbour Trees Lane | Noblesville, Indiana
Seller Represented by Sheri Putman | $1,495,000 13342 Carmichael Lane | Carmel, Indiana
Seller Represented by Robbin Edwards, Edwards Realty Group | $1,200,000 646 W. Somerset Drive | Indianapolis, Indiana
Seller Represented by Mary Wernke and Jenn Sutton, Mary Wernke Group | $1,120,000 10445 High Grove Drive | Carmel, Indiana
Seller Represented by Peter Pizarro | $1,100,000 10141 Hickory Ridge Drive | Zionsville, Indiana
Seller and Buyer Represented by Traci Garontakos, Garontakos Group | $1,050,000 3736 W Hamilton Road | Fort Wayne, Indiana
Seller Represented by Lynn Reecer and Kelly Werth, Lynn Reecer Team | $1,000,000
Additional Sales
9943 East US Highway 36
Seller Represented by Erin Wilson and Robbin Edwards, Edwards Realty Group | $3,100,000
4964 Deer Ridge Drive | Carmel, Indiana
Buyer Represented by Sue Stayer | $1,100,000
4214 Riverbirch Run | Zionsville, Indiana
Buyer Represented by Traci Garontakos | $975,000
Encore Sotheby’s International Realty offers home sellers and buyers access to the most accomplished real estate professionals who assist in achieving their real estate goals. With offices located throughout Indiana, including Carmel, Indianapolis, Zionsville, Fort Wayne and Lake Wawasee they are Indiana real estate experts, backed by the world-class Sotheby’s International Realty brand. For all of your real estate needs, call 317.660.4444 or visit encoresothebysrealty.com.
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Market Report | July 2022
The July housing market brought little change month over month in many communities throughout Indiana in terms of average sales price and number of transactions, whereas the average days on market (DOM) fluctuated depending on location and price point. Homes priced above $1M in central Indiana jumped 125% to 36 DOM in July from 16 days in June. Additionally, homes over $700,000 in Fort Wayne mimicked the trend, showing a 233% increase in DOM to 20 days in July from just 6 days in June.
While Carmel (-6.2%), Fishers (-1.2%), Noblesville (-1%) and Zionsville (-8.6%) saw slight decreases in average sales prices compared to the previous month, in contrast Westfield (+12.4%), Downtown Indianapolis (+7.9%) and Washington Township (+3.7%) each observed a bump in the average sales prices.
Inventory across the state varies by location. Specifically in the NE region of the state, Fort Wayne shows less than one month’s worth of inventory available while in the NW region of the state, Valparaiso shows just over one month’s worth of inventory. The average sales prices in the lakes regions, including NE Indiana Lakes ($486,029), Angola Lakes ($646,908) and NW Indiana Lakefront Beach ($330,864) regions show a variety of price points to suit buyers in search of a waterfront retreat.
Read the full report below to learn more about your specific community and reach out to see how one of our experienced agents can assist with all of your real estate goals.
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Out and About: Indiana Events | August 2022
We are thrilled to bring you a snapshot of events happening throughout Indiana in our new series titled “Out and About.” Check out this month’s line-up of festivals, fairs and more as the summer season wraps up. There’s never a shortage of things to do, no matter where you live in the Hoosier State. Our seasoned agents are experts in connecting you with properties that suit your lifestyle, hobbies and goals. We’ll see you out and about in the wonderful communities we serve!
Indiana State Fair
Indianapolis, IN | Now through August 21
Fort Wayne Local Food Week
Fort Wayne, IN | Now through August 7
Indianapolis Water Lantern Festival
Indianapolis, IN | August 20
Indiana State Hot Air Balloon Festival
Indianapolis, IN | August 20 – 21
Canal Days
Winona Lake, IN | August 27
IU Heath Momentum Indy Bicycle Festival
Indianapolis, IN | August 27 – 28
View more events happening throughout the state here.
Encore Sotheby’s International Realty offers home sellers and buyers access to the most accomplished real estate professionals who assist in achieving their real estate goals. With other offices located throughout Indiana, including Carmel, Zionsville, Fort Wayne and Lake Wawasee they are Indiana real estate experts, backed by the world-class Sotheby’s International Realty brand. For all of your real estate needs, call 317.660.4444 or visit encoresothebysrealty.com.
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Market Report | June 2022
The housing market in June showed an increase in the number of transactions compared to May across many submarkets in the Hoosier state. Carmel, Westfield, Zionsville and Washington Township in Indianapolis all saw at least 15% higher numbers of transactions month over month. In other parts of the state, including NE Indiana Lakes, and NW Indiana Lakes, the same theme occurred with 66.7% and 17% increases compared to May, respectively.The average sales price remained consistent in many markets, with a few exceptions including Downtown Indianapolis where prices decreased from $459,943 in May to $393,266 in June, while the NE Lakes jumped up from $398,332 to $544,453. The average sales prices for Indiana markets show a variety of price points differing by location for buyers, including Zionsville ($699,993), Carmel ($638,035), Fishers ($461,028), and Fort Wayne ($258,862), to name a few.The average days on market showed consistency throughout many communities from the previous month, barring few exceptions like Downtown Indianapolis showing decreased days on market by 18.2% and the luxury market ($1M+) cutting down from 23 to 16 days.Read the full report to learn more about your community and reach out to one of our skilled agents to assist with all of your real estate goals.
The Art of Distinction Blog by Encore Sotheby's International Realty 