Downtown Carmel Dream Lot - Where Opportunity Meets Location Rarely does a property like this become available in the heart of downtown Carmel. Situated on a spacious, tree-lined lot just steps from the Arts & Design District, Midtown, and the Monon Trail, 231 1st Ave NE offers endless possibilities - whether you're ready to move right in, reimagine it with a modern renovation, or design your own custom masterpiece from the ground up. The value here lies not just in the home, but in the address. Large lots of this size and proximity simply don't come to market often - and when they do, they're quickly claimed by buyers who recognize the long-term upside. With Carmel's downtown growth, walkable lifestyle, and premier schools, this property represents a smart, future-forward investment in one of the city's most coveted corridors. Whether you're a visionary builder, savvy investor, or homeowner dreaming of downtown living with space to breathe - this is your chance to own a piece of prime Carmel real estate that combines potential, position, and prestige. The opportunity is rare. The location is unbeatable. The possibilities are endless.
Sold
$615,000
231 1st Ave NE, Carmel, IN 46032
3beds
1,818sqft
Residential, Single Family Residence
Built in 1900
9,583 Square Feet Lot
$635,000 Zestimate®
$338/sqft
$2,617 Estimated rent
Home value
$635,000
$603,000 - $667,000
$2,617/mo
Zestimate® history
Owner options
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$2,617/mo
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$2,617/mo
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$3,061/mo
Est. payment
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$3,061/mo
Est. payment
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List your homeWhat's special
Large lotsSpacious tree-lined lot
Zillow last checked:
Listing updated:
Listed by:
Carrie Jack 317-410-0749,
Berkshire Hathaway Home
Bought with:
Dawn Pollard
eXp Realty, LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22066784
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Primary bedroom
- Level: Upper
- Area: 148.84 Square Feet
- Dimensions: 12 .2 X 12.2
Bedroom 2
- Level: Upper
- Area: 87.74 Square Feet
- Dimensions: 8.2 x 10.7
Bedroom 3
- Level: Upper
- Area: 155.76 Square Feet
- Dimensions: 13.2 x 11.8
Dining room
- Level: Main
- Area: 156.94 Square Feet
- Dimensions: 13.3 X 11.8
Kitchen
- Level: Main
- Area: 162.41 Square Feet
- Dimensions: 10.9 X 14.9
Laundry
- Features: Tile-Ceramic
- Level: Main
- Area: 55.3 Square Feet
- Dimensions: 7.9 X 7
Living room
- Level: Main
- Area: 251.6 Square Feet
- Dimensions: 17 X 14.8
Office
- Level: Main
- Area: 88.2 Square Feet
- Dimensions: 9 X 9.8
Heating
- Heat Pump
Cooling
- Central Air
Appliances
- Included: Electric Cooktop, Dishwasher, Microwave, Electric Oven, Refrigerator, Tankless Water Heater, Water Heater, Wine Cooler
- Laundry: Main Level
Features
- Attic Access, Attic Pull Down Stairs, Breakfast Bar, Kitchen Island, High Speed Internet, Wired for Data, Pantry, Smart Thermostat, Walk-In Closet(s)
- Windows: WoodWorkStain/Painted, Wood Work Stained
- Basement: Cellar,Interior Entry,Roughed In
- Attic: Access Only,Pull Down Stairs
Interior area
- Total structure area: 1,818
- Total interior livable area: 1,818 sqft
- Finished area below ground: 0
Property
Parking
- Parking features: Alley Access, On Street
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered
- Exterior features: Lighting
- Fencing: Fenced,Full,Privacy,Gate
Lot
- Size: 9,583 Square Feet
- Features: Curbs, Sidewalks, Storm Sewer, Street Lights, Mature Trees
Details
- Additional structures: Storage
- Parcel number: 291030902025000018
- Special conditions: As Is
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Dutch Colonial
- Property subtype: Residential, Single Family Residence
Materials
- Wood Siding
- Foundation: Crawl Space
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Water: Public
- Utilities for property: Electricity Connected, Water Connected
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Carmel
HOA
- Has HOA: No
Location
- Region: Carmel
Financial & listing details
- Price per square foot: $338/sqft
- Tax assessed value: $388,500
- Annual tax amount: $2,922
- Date on market: 10/10/2025
- Cumulative days on market: 34 days
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 12/3/2025 | Sold | $615,000-18%$338/sqft |
Source:  MIBOR as distributed by MLS GRID #22066784 Report a problem | ||
| 11/13/2025 | Pending sale | $750,000$413/sqft |
Source: MIBOR as distributed by MLS GRID #22066784 Report a problem | ||
| 11/7/2025 | Price change | $750,000-3.8%$413/sqft |
Source: MIBOR as distributed by MLS GRID #22066784 Report a problem | ||
| 10/10/2025 | Listed for sale | $780,000$429/sqft |
Source: MIBOR as distributed by MLS GRID #22066784 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,671 +25.7% | $388,500 +13.6% |
| 2024 | $2,921 +14.9% | $342,000 +18.7% |
| 2023 | $2,543 +13.8% | $288,100 +23.4% |
| 2022 | $2,234 0% | $233,500 +8.7% |
| 2021 | $2,234 +3.7% | $214,800 |
| 2020 | $2,155 +1% | $214,800 +2.1% |
| 2019 | $2,134 +6.8% | $210,300 |
| 2018 | $1,999 +4.8% | $210,300 +4.8% |
| 2017 | $1,909 +20.1% | $200,600 +4.3% |
| 2016 | $1,589 +11.1% | $192,300 +19.1% |
| 2014 | $1,429 +3.3% | $161,400 +4% |
| 2013 | $1,384 +0.4% | $155,200 +1% |
| 2012 | $1,378 +28.8% | $153,700 +13.2% |
| 2011 | $1,069 -4.4% | $135,800 |
| 2010 | $1,118 +8.5% | $135,800 -5.8% |
| 2009 | $1,031 +4.1% | $144,100 +8.5% |
| 2007 | $990 -16.7% | $132,800 -1% |
| 2006 | $1,188 | $134,100 +30.2% |
| 2005 | -- | $103,000 +183.7% |
| 2002 | $549 -1% | $36,300 +200% |
| 2001 | $554 | $12,100 |
Find assessor info on the county website
Neighborhood: 46032
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Nearby schools
GreatSchools rating
- 8/10Carmel Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 8/10Carmel Middle SchoolGrades: 6-8Distance: 1 mi
- 10/10Carmel High SchoolGrades: 9-12Distance: 0.3 mi
Schools provided by the listing agent
- Elementary: Carmel Elementary School
- Middle: Carmel Middle School
- High: Carmel High School
Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$635,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$635,000
- Indiana
- Hamilton County
- Carmel
- 46032
- 231 1st Ave NE
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