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$5,875,000 ↓$120,000on 3/13/2024

720 S Rangeline Road #UNIT 701 Carmel, IN 46032

3 Beds
4 Baths
3,810 sq. Ft

Property Description for 720 S Rangeline Road #UNIT 701 Carmel, IN 46032

One of a kind Miami-style penthouse in downtown Carmel! Spectacular panoramic views with 13+ mile visibility from the highest residence in Carmel! Thoughtful design with no expense spared! Unique custom construction and finishes throughout! Light filled great room with 23' ceilings, walls of windows, over the top bar, dolby theater with 9'+ retractable projection screen, sound absorbing panels, and automated Lutron shades! Bar boasts 2 Azur frigs, Avolon wine frig, entertainment lighting, under counter accent multi-color lighting! Chef's kitchen with commercial grade stainless steel appliances and expansive island that can seat 25+ guests! Master suite with keypad access, floating California king bed, skylight, private outdoor space with commercial outdoor heating and sound, breakfast bar, wine storage, frig, steam shower, 3 person infrared sauna with chromotherapy and oxygen ionizer, master closet with secret passageway to huge walk in closet/safe room! All bedrooms have kitchenettes with beverage centers, microwaves and TVs with Sonos soundbars! Guest bedroom with Murphy bed doubles as an exercise room with Tonal Smart Home Gym! Bunk room sleeps 3 teenagers/guests that should not be driving! Rooftop balcony with 2000 square ft of outdoor living space with stunning views, commercial outdoor heating and sound, custom outdoor furniture, large swim spa and jacuzzi, 3 firepits, outdoor kitchen, dual grills, dining area, and more! 4 deeded garage parking spots w/ 2 car hydraulic lift for a total of 6 spots! Conditioned storage area! On site amenities include community pool, gym, golf simulators and meeting room! Right in the heart of Carmel restaurants, night life, shops, green space, farmer's market, Monon Trail and world class Paladium theater for shows and classic music! Easy access to downtown Indy and airport! You've been dreaming of this and never thought you would find it...until now! A must see!

Address:720 S Rangeline Road Carmel IN 46032

Status:Active

on site: 161 days

Price:$5,875,000

Bedrooms:3 Beds

Bathrooms:3 Full Baths, 1 Half Baths

Sq. Feet:3,810

Year Built:2010

County: Hamilton

Township: Clay

MLS #:21953821

Property Type:Condominium

Buyer Broker Compensation: 2.63%
Any compensation may only be paid to a licensed real estate broker.

Water Source:Municipal/City

Directions:On the corner of City Center drive and Rangeline Road. 7th floor of the Carmel City Center Building.

Main Level Sq. Ft. :3,810

Total Sq. Ft. :3,810

Loan Price

$34,276

Price And Interest $30,647/month

Property Tax $1,181/month

MTG INS $0/month

HOME INS $2,448/month

Price

$5,875,000

Down Payment %

0 %

Down Payment

Property Taxes

$1,181/month

Home Owner Insurance

$29,376 / year

HOA Dues

$752 / Month

Interest Rate

4.75 %

Mortgage Ins.

$0 / year

YEARS

Date	Old Price	New Price	Percent Change
03/13/24	$5,995,000	$5,875,000	-2%
02/16/24	$6,110,000	$5,995,000	-1.88%
01/25/24	$6,285,000	$6,110,000	-2.78%
01/08/24	$6,435,000	$6,285,000	-2.33%
12/15/23	$6,500,000	$6,435,000	-1%

Room	Size	Level
Bedroom 2	15x16	Main
Bedroom 3	14x15	Main
Dining Room	20x15	Main
Sun Room	11x8	Main
Kitchen	36x15	Main
Great Room	26x23	Main
Primary Bedroom	21x13	Main
Office	12x13	Main
Wine Cellar	6x6	Main
	6x13	Main

Semi-Annual Property Tax:$7,086

Tax Year:2023

Mandatory HOA Fee:$752

HOA Fee Paid:Monthly

Area: 2910 - Hamilton - Clay

City:Carmel

Subdivision: Carmel City Center

Zip Code:46032

Total Sq. Ft.:3,810

Interior Features:Bath Sinks Double Main, Center Island, Central Vacuum, Elevator, Hardwood Floors, Eat-in Kitchen, Programmable Thermostat, Sauna, Skylight(s), Supplemental Storage, Surround Sound Wiring, Walk-in Closet(s), Wet Bar

Interior Area(s):Bedroom Other on Main, Great Room - 2 Story, Laundry in Unit

Eating Area(s):Dining Combo/Kitchen, Separate Room

Appliances:None, Electric Water Heater

Exterior Type:Brick

Cool:Central Electric

Heat:Forced Air, Electric

Water Heater:None, Electric Water Heater

Total Rooms:10

Andy Deemer

Phone (317) 997-0281

Additional Phone (317) 259-6000

Email andy.deemer@talktotucker.com

F.C. Tucker Company

VISIT MY PROFILE

Co-Listing Agent

Stephanie Deemer

Email Stephanie

(317) 750-6010

The Deemer Team

VISIT MY PROFILE

Schools in 720 S Rangeline Road #UNIT 701 Carmel, IN 46032

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Listing provided courtesy of Andy Deemer with F.C. Tucker Company from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 11/20/2023 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

Avg. DOM

$251.9

Avg. $ / Sq.Ft.

$ 547,950

Med. List Price

The house prices in Carmel are indeed dropping at the moment. There has been a decrease in price of $20,008.29. 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 Down. The average house price is $547,950.00 and the average price per square feet is $255.89 per square feet. At the moment, the amount of homes listed is exactly 1162 houses, with 94 with active status, 155 with pending status and 913 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 $4,345.97. 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 2055 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 $245,000.00 . 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 1890 and the newest built house is in year 2024.

The average size of properties in Carmel is 3420.34 sq.ft. , the biggest one being 9133 sq.ft. and the smaller being 775 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.

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720 S Rangeline Road #UNIT 701 Carmel, IN 46032