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740 1st Avenue NE

Carmel, IN 46032

ActiveListed Jul 8, 2026 · 78 days on market

Key facts

Beds
2
Baths
1 full
Living area
775 sqft
Lot
0.18 acres
Year built
1951
Type
Residential · Single Family Residence
Stories
One
Garage
1 space
MLS #
22112815
County
Hamilton
Subdivision
Carmel Arts District

About this home

What an Opportunity! Talk about location, it doesn't get better than this! Build on it, rent it, or live in it, this little gem of a home sits on one of the last lots available in the highly desirable Carmel Arts District. The current home was recently remodel and updated with new water lines, water heater, appliances, and a NEW ROOF! Making it turn key ready! But don't let your imagination stop there. This lot is also the perfect location for building the house of your dreams! This an amazing opportunity for investors, builders, or a home owner.

Description provided by the listing brokerage.

Interior

Appliances
DishwasherDisposalGas Water HeaterMicrowaveGas OvenRefrigeratorWater Heater
Interior features
Hi-Speed Internet AvailblEat-in KitchenPantry
Flooring
Hardwood
Laundry
Main Level
Security
Smoke Detector(s)
Rooms
5
Main-level bedrooms
2
Condition
Updated/Remodeled

Exterior

Construction
Brick
Foundation
Block
Style
Bungalow
Parking and garage
Attached
View
Trees/Woods
Other equipment
Satellite Dish

Systems

Heating
Natural GasHigh Efficiency (90%+ AFUE )Forced Air
Cooling
Central Air
Water
Public
Utilities
Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected

Lot and HOA

Lot features
City Lot

Schools

Elementary school
Carmel Elementary School
Middle school
Carmel Middle School
High school
Carmel High School
School district
Carmel Clay Schools

Taxes

Estimated annual tax
$5,608 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$3,297per month, estimated
Principal and interest $2,646Property tax $467Insurance $184
20% · $105,000
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$525,000
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