SOLD DEC 3, 2025

Off Market Dec 2025 for $615K

$746,608

•

1,818

sq ft

231 1st Ave NE, Carmel, IN 46032

About this home

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.

Single-familyProperty Type

1900Year Built

9,583 sq ftLot Size

$411Est. Price/Sq.Ft.

Listed by Carrie Jack • Berkshire Hathaway Home

Bought with Dawn Pollard • eXp Realty, LLC

Redfin checked: a minute ago

•Source:MIBOR as Distributed by MLS Grid #22066784

Redfin Estimate

$746,608

$132K since sold in December 2025$2,000 since July

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 62.7% higher than the average sale price ($459K) of 6 comparable homes.

SOLD MAY 27, 2026
$500,000
A
3 beds2 baths1,895 sq ft
18 Wilson Dr, Carmel, IN 46032
SOLD AUG 7, 2026
$435,000
B
3 beds2 baths1,524 sq ft
21 Blairsden Ave, Carmel, IN 46032
SOLD MAY 21, 2026
$465,000
C
3 beds2 baths1,749 sq ft
845 Emerson Rd, Carmel, IN 46032
SOLD FEB 13, 2026
$470,000
D
3 beds2 baths1,664 sq ft
728 E Main St, Carmel, IN 46032
SOLD MAY 1, 2026
$483,000
E
3 beds2.5 baths1,700 sq ft
712 E Main St, Carmel, IN 46032
SOLD JUL 15, 2026
$400,000
F
3 beds1 bath1,312 sq ft
925 W Auman Dr, Carmel, IN 46032

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Earn from this home

Sell

$215,668

Est. take-home

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Rent

$2,231/mo

Redfin rental estimate

List your home for rent

Market trends in 46032, IN

Last updated July 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

100.1%

+0.6% MoM

Median sale price

$657K

$82K MoM

Avg. days on market

11d

5 days MoM

Recently sold homes

238

31 MoM

New listings for sale

NEW 3 HRS AGO
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$450,000
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136 Lantern, Carmel, IN 46032
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433 Sheets Dr, Carmel, IN 46032
VIDEO TOUR
$217,000
2 beds2 baths1,072 sq ft
11635 Lenox Ln #101, Carmel, IN 46032
OPEN FRI, 5PM TO 7PM
$559,000
3 beds2.5 baths2,429 sq ft
1616 Quail Glen Ct, Carmel, IN 46032
$1,400,000
5 beds4.5 baths6,432 sq ft
1826 Fairmount St, Carmel, IN 46032
$219,000
2 beds2 baths1,072 sq ft
1076 Timber Creek Dr Unit 2, Carmel, IN 46032
FOR SALE BY OWNER
$405,000
4 beds3 baths1,728 sq ft
612 Ash Dr, Carmel, IN 46032
$449,900
3 beds3 baths2,232 sq ft
1098 Cavendish Dr, Carmel, IN 46032
$749,900
3 beds2 baths3,808 sq ft
35 E Ketchum Dr, Carmel, IN 46032
$695,000
3 beds2.5 baths2,464 sq ft
13595 Kensington Pl, Carmel, IN 46032
See all

Provided by Redfin

Sale history for 231 1st Ave NE

Year

Property tax

Land + Additions

Assessment*

2025

$3,820 (+4.1%)

$186,800 + $201,700

$388,500

2024

$3,671 (+25.7%)

$186,800 + $201,700

$388,500

2023

$2,921 (+14.9%)

$186,800 + $155,200

$342,000

2022

$2,543 (+13.8%)

$132,900 + $155,200

$288,100

2021

$2,234

$132,900 + $100,600

$233,500

2020

$2,234 (+3.7%)

$132,900 + $81,900

$214,800

2019

$2,155 (+1.0%)

$132,900 + $81,900

$214,800

2018

$2,134 (+6.8%)

$132,900 + $77,400

$210,300

2017

$1,999 (+4.8%)

$107,200 + $93,400

$200,600

2016

$1,908 (+20.2%)

$107,200 + $93,400

$200,600

2015

$1,588 (+14.8%)

$107,200 + $85,100

$192,300

2013

$1,383

$89,600 + $71,800

$161,400

Tax history for 231 1st Ave NE

Year

Property tax

Land + Additions

Assessment*

2025

$3,820 (+4.1%)

$186,800 + $201,700

$388,500

2024

$3,671 (+25.7%)

$186,800 + $201,700

$388,500

2023

$2,921 (+14.9%)

$186,800 + $155,200

$342,000

2022

$2,543 (+13.8%)

$132,900 + $155,200

$288,100

2021

$2,234

$132,900 + $100,600

$233,500

2020

$2,234 (+3.7%)

$132,900 + $81,900

$214,800

2019

$2,155 (+1.0%)

$132,900 + $81,900

$214,800

2018

$2,134 (+6.8%)

$132,900 + $77,400

$210,300

2017

$1,999 (+4.8%)

$107,200 + $93,400

$200,600

2016

$1,908 (+20.2%)

$107,200 + $93,400

$200,600

2015

$1,588 (+14.8%)

$107,200 + $85,100

$192,300

2013

$1,383

$89,600 + $71,800

$161,400

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning

Beds

Baths

Stories

Lot width

66 ft.

Lot depth

145 ft.

Lot size

9,583 Sq. Ft.

Year renovated

1966

Sq. Ft.

1,818

Year built

1900

Style

Single Family Residential

County

Hamilton County

APN

291030902025000018

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 20, 2026.

R-3

OT-OL

Residence District

The purpose of this district is to provide for medium density single- and two-family development on smaller lots in urbanized areas. The preservation of natural features, and encouragement of open space residential land-use patterns in this district is intended to implement the Comprehensive Plan's Residential Community Objectives. The R3 District corresponds to Urban Residential in the Comprehensive Plan's Land Classification Plan.

Zone overlays

Old Town Overlay District

Permitted uses

Include but are not limited to:

Agriculture
Housing-Single unit
Housing-Multiple units
Public service
Park & open space

Property details

Parking

Parking Information
Parking Features: Alley Access, On Street

Interior

Interior Sq. Ft. Information
Building Area Total: 1818
Living Area: 1818
Main Level Sq. Ft.: 954
Upper Level Sq. Ft.: 864
Lower/Basement Level Sq. Ft (Finished): 0

Bedroom Information
Primary Bedroom Description: Closet Walk in
# of Upper Bedrooms: 3
Beds MU: 3
Bedrooms MU: 3

Bathroom Information
# of Full Baths (Total): 1
# of Half Baths (Total): 1
# of Full Baths (Upper): 1
# of Half Baths (Main): 1
Half Baths MU: 1
Half Bathrooms MU: 1
Full Baths MU: 1
Full Bathrooms MU: 1

Room 1 Information
Room Type: Living Room
Room Dimensions: 17 X 14.8
Room Level: Main

Room 2 Information
Room Type: Dining Room
Room Dimensions: 13.3 X 11.8
Room Level: Main

Room 3 Information
Room Type: Kitchen
Room Dimensions: 10.9 X 14.9
Room Level: Main

Room 4 Information
Room Type: Laundry
Room Dimensions: 7.9 X 7
Room Level: Main

Room 5 Information
Room Dimensions: 12 .2 X 12.2
Room Level: Upper

Room 6 Information
Room Type: Bedroom 2
Room Dimensions: 8.2 x 10.7
Room Level: Upper

Room 7 Information
Room Type: Bedroom 3
Room Dimensions: 13.2 x 11.8
Room Level: Upper

Room 8 Information
Room Type: Office
Room Dimensions: 9 X 9.8
Room Level: Main

Other Rooms Information
Rooms Upper: 4
Rooms Main: 5
Rooms Basement: 0
# of Rooms: 9

Laundry Room Information
Laundry Features: Main Level

Basement Information
Has Basement
Basement Features: Cellar, Interior Entry, Roughed In

Heating & Cooling
Heating Information: Heat Pump
Cooling Information: Central Air

Interior Features
Interior Features: Attic Access, Attic Pull Down Stairs, Breakfast Bar, Kitchen Island, Pantry, Smart Thermostat, Walk-in Closet(s), WoodWorkStain/Painted, Wood Work Stained
Appliances: Electric Cooktop, Dishwasher, Microwave, Electric Oven, Refrigerator, Tankless Water Heater, Water Heater, Wine Cooler
Areas Interior: Utility Room

Exterior

Building Information
Percent Optional Level Finished: 0

Exterior Features
Patio And Porch Features: Covered
Exterior Features: Lighting, Storage Shed
Fence YN: Yes
Fencing: Full, Privacy, Gate

Farm Information
Horse Amenities: None

Property Information
Other Equipment: Smoke Alarm, Sump Pump
Property Type: Residential
Property Sub Type: Single Family Residence

Land Information
Acres: <1/4 Acre

Lot Information
Lot Size Acres: 0.22
Lot Features: Curbs, Sidewalks, Storm Sewer, Street Lights, Mature Trees

Utilities

Utility Information
Utility Prim Sewage Disp: Municipal Sewer Connected
Water Source: Public
Utilities: Electricity Connected, Natural Gas Connected, Water Connected
Solid Waste Information: No

Location

School Information
Elementary School: Carmel Elementary School
Middle Or Junior High School: Carmel Middle School
High School: Carmel High School
High School District: Carmel Clay Schools

Location Information
Directions: GPS Friendly
Tax Legal Description: Acreage .00, Section 30, Township 18, Range 4, D E Wilkinson, Lot 11

Community Information
Low Maintenance Lifestyle YN: No

Public facts

Beds: 3
Baths: 1.0
Sq. Ft.: 1,818
Stories: 2.0
Lot Size: 9,583 square feet
Style: Single Family Residential
Year Built: 1900
Year Renovated: 1966
County: Hamilton County
APN: 291030902025000018

Home facts updated by county records on Jul 20, 2026

Other

Home Information
Foundation Details: Crawl Space
Construction Materials: Wood Siding
Levels: Two
Security Features: Smoke Detector(s)

Around this home

Schools
Places
Transit

Carmel Elementary School

Public PreK-5 • Assigned • 0.4mi

8/10

Carmel Middle School

Public 6-8 • Assigned • 1.0mi

8/10

Carmel High School

Public 9-12 • Assigned • 0.3mi

10/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 101° expected this year, 18 days in 30 years

2/10 Wind Factor

0% chance of strong winds in next 30 years

4/10 Air Factor

3 unhealthy days expected this year, 5 days in 30 years

Provided by First Street

Historical weather

Carmel, IN • 46032

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.8 hours in June and 3.3 hours in December, placing it below the U.S. average for solar exposure.

9.8 hrs

3.3 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$710,000 – $859,000

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Home values near 231 1st Ave NE

Data from public records.

Address	Redfin Estimate
210 1st Avenue Northeast, Carmel, IN 3 Beds \| 3.5 Baths \| 3552 Sq. Ft.	$1,404,820
340 1st Avenue Northeast, Carmel, IN 2 Beds \| 1 Baths \| 2372 Sq. Ft.	$444,249

Address	Redfin Estimate
320 1st Avenue Northeast, Carmel, IN 4 Beds \| 3.5 Baths \| 3298 Sq. Ft.	$875,596
310 1st Avenue Northeast, Carmel, IN 3 Beds \| 1.5 Baths \| 2641 Sq. Ft.	$576,781

Address	Redfin Estimate
321 1st Avenue Northeast, Carmel, IN 3 Beds \| 1 Baths \| 1964 Sq. Ft.	—
240 1st Avenue Northeast, Carmel, IN 3 Beds \| 1 Baths \| 1180 Sq. Ft.	$480,140

Property information provided by MIBOR as Distributed by MLS Grid when last listed in 2025. This data may not match . Learn more.

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