740 1st Avenue Ne

Carmel, IN
$ 529,999 Beds 2 Baths 1 Sq 775
Monthly Estimate* How much can I afford?

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.

Active

  • Price
  • $ 529,999
  • City
  • Carmel
  • Bedrooms
  • 2
  • Full Bathrooms
  • 1
  • County
  • HAMILTON
  • Half Bathrooms
  • 0
  • Area
  • Clay
  • Lot Size
  • 0.18 Acres
  • Zip
  • 46032
  • Sqr Footage
  • 775
  • Year Built
  • 1951
  • Taxes
  • $ 5608
  • Style
  • Bungalow
  • MLS#
  • 22112815
Listed By: Gary Beresford with Knight Realty Group;
Data Source: MIBOR Broker Listing Cooperative

Features

General

Heating Natural Gas,High Efficiency (90%+ AFUE ),Forced Air
Cooling Central Air
Utilities Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
Possession Closing
Appliances Dishwasher,Disposal,Gas Water Heater,Microwave,Gas Oven,Refrigerator,Water Heater
Garage Spaces 1
Architectural Style Bungalow
Security Features Smoke Detector(s)
Construction Materials Brick
Year Built 1951
Electric 100 Amp Service
View Trees/Woods
Township Clay
Levels One
Property Subtype Single Family Residence
Tax Year 2025
County Hamilton
New Construction No
Property Type Residential
HOA No
Subdivision Name Carmel Arts District
Facing Direction East
Garage Y/N Yes
Total Rooms 5
Full Baths 1
Status Active
Directions GPS Friendly
High School Carmel High School
City Carmel
High School District Carmel Clay Schools
MLS Area 2910 - Hamilton - Clay
Lot Size Square Feet 7841
Elementary School Carmel Elementary School
Property Attached Y/N No
Current Financing Exchange - 1031,Conventional,FHA,Owner,Other
Middle/Junior High School Carmel Middle School
Property Condition Updated/Remodeled
Additional Parcels Y/N No
Standard Status Active
Tax Lot 291030501003000018
Legal Description Acreage .18,Section 30,Township 18,Range 4

Interior Features

Interior Amenities Hi-Speed Internet Availbl,Eat-in Kitchen,Pantry
Basement (Y/N) No
Laundry Features Main Level
Total Bedrooms 2
Main Level Bedrooms 2
LivingAreaSource Assessor
Total Baths 1

Exterior Features

Parking Features Attached
Lot Features City Lot
Water Source Public
Foundation Details Block
Spa No
Building Area Total 775
Lot Size Acres 0.18
Waterfront Y/N No
Other Equipment Satellite Dish
Horse Amenities None

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Lafayette, IN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Carmel Elementary School
Middle School Carmel Middle School
High School Carmel High School

Price History

7/9/2026 Listed $549,999
7/23/2026 1% - $549,998
7/27/2026 1% - $549,997
7/30/2026 1% - $549,996
8/10/2026 1% - $549,995
8/11/2026 1% - $549,994
8/26/2026 2% - $539,999
9/3/2026 2% - $529,999

Property vs Zip Code Average in 46032

Price
AVG $1.23M
$530K
Taxes
AVG $8,489
$5,608
Year Built
AVG 1990
1951
Visits
AVG 70
34
Data Provided by Inside Real Estate®

740 1st Avenue Ne Carmel, IN is a Single Family Home for sale at $529999 with 775 sqft and a lot size of 0.18 Acres Acre(s). 740 1st Avenue Ne Carmel has 2 bedrooms, 1 baths and was built in 1951. The property's zip code is 46032 which is in Carmel, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.