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$1,150,000 (Pending)

510 W 116 Street Carmel, IN  46032

EXPLORE TUCKER LUXURY

Property Description for 510 W 116 Street Carmel, IN 46032

The earth is moving with new development all around this old family home site where the matriarch lived out her final days. The land area is 1.67 acres +/-, near and next to new residential and commercial development. There are good traffic counts on both Spring Mill Road and West 116th St., with 191 feet of road frontage on 116th St. It's a great spot for a developer with a vision to make a plan.

Address:510 W 116 Street Carmel IN 46032
Status:Pending
on site: 532 days
Price:$1,150,000
Bathrooms:0
Year Built:1915
Lot Size:1.67
County: Hamilton
Township: Clay
MLS #:21892495
Property Type:Retail
Buyer Broker Compensation: 2.2%
Any compensation may only be paid to a licensed real estate broker.

Lot Dimensions:72745
Road Frontage:City Street
Road Surface:Asphalt
Zoning:R, near PUD
Building Utilities:Well
Directions:From 116th & Meridian go west thru the roundabouts to property at 510 W 116th Street.

Loan Price
$6,645
Price And Interest $5,999/month
Property Tax $167/month
MTG INS $0/month
HOME INS $479/month
Price
$1,150,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$167/month
Home Owner Insurance
$5,748 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

Semi-Annual Property Tax:$1,004
Tax Year:2021
Financial Disclosures:Not Applicable
Other Disclosures:As Is, Sales Disclosure Supplements
Mandatory HOA Fee:$

Area: 2910 - Hamilton - Clay
City:Carmel
Zip Code:46032

EXPLORE TUCKER LUXURY
Jane Drew Pollom, REALTOR®/Broker, F. C. Tucker Company
Jane Drew Pollom
Phone (317) 730-3791
Additional Phone (317) 846-7751
F.C. Tucker Company

Schools in 510 W 116 Street Carmel, IN  46032


Get more information

Listing provided courtesy of Jane Drew Pollom with F.C. Tucker Company from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 06/23/2022 12:00 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.



Carmel Market Report

72
Avg. DOM
$256.59
Avg. $ / Sq.Ft.
$ 600,000
Med. List Price

The house prices in Carmel are not dropping at the moment. There has been a increase in price of $24,676.51. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

The housing market and house prices in Carmel are going Up. The average house price is $580,000.00 and the average price per square feet is $275.13 per square feet. At the moment, the amount of homes listed is exactly 1098 houses, with 79 with active status, 127 with pending status and 892 sold in Carmel .

The most popular place to buy a home in Carmel is 2910 - Hamilton - Clay. 2910 - Hamilton - Clay is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in Carmel .

The average amount of property taxes you would have to pay for a home in Carmel is $3,777.06. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.

Properties in Carmel are staying listed for an average of 70 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.

The last home listed in Carmel was 967 minutes ago.

At the moment we have 1 open houses that you can visit.

The cost of the most expensive home in Carmel is $5,875,000.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.

The cost of the cheapest home in Carmel is $169,800.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.

The date of the oldest built home in Carmel in year 1951 and the newest built house is in year 2024.

The average size of properties in Carmel is 3273.73 sq.ft. , the biggest one being 8576 sq.ft. and the smaller being 766 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.