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740 1st Avenue NE

Carmel, IN 46032

ActiveListed Jul 7, 2026 · 79 days on market

Key facts

Lot
0.18 acres
Type
Land · Residential Lots
MLS #
22113060
County
Hamilton
Subdivision
Carmel Arts District

About this home

Opportunity is knocking at the door! Location Location Location! This amazing city lot is located in the heart of the Carmel Arts District, and just waiting for you to build your new dream home! Property currently has a 2 bed 1 bath home on it that is fully functional and even recently remodeled and easily rentable while you finalize your design plans. City utilities are all hooked up. Don't let this opportunity pass! Schedule a showing today!

Description provided by the listing brokerage.

Systems

Sewer
Public Sewer

Lot and HOA

Lot features
City LotSidewalksMature Trees
Zoning
residential

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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