For SaleNeutral Deal2 days on market
120 3rd St NW
120 3rd St NW, Carmel, IN 46032, Carmel, IN 46032
$615,000
Listing Price
120 3rd St NW, Carmel, IN 46032
Loc: Carmel, IN
Days Listed
2
Tax Assessed
$335k
Lot Size
6,534 sqft
Type
single family
More Than Just a Property
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4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
8
Carmel Elementary School
PK-5
0.6 mi away
8
Carmel Middle School
6-8
0.8 mi away
10
Carmel High School
9-12
0.5 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
traditionaltwo-storyvinyl sidingyellow exteriorbrick chimneycovered porchresidentialasphalt shinglesasphalt drivewaygabled roofsuburbanmature treescurb appeal
Haven AI Verdict
Recommendation
Neutral
Confidence Score: 4/10
Exercise caution due to potential market volatility.
Cap Rate
6.60%
Total ROI
102.3%
Cash Flow
$192/mo
DSCR
1.06
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $192/mo net cash flow with a 6.6% cap rate. Underwriting indicates neutral fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (6.6%)
- • Strong rental demand in Carmel
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-21 | Listed for sale | $615,000 | $310 |
| 2026-09-19 | Listing removed | $0 | – |
| 2026-09-18 | Listed for sale | $615,000 | $310 |
| 2025-01-22 | Listing removed | $629,900 | $317 |
| 2024-10-21 | Price change | $629,900 | $317 |
| 2024-09-20 | Listed for sale | $650,000 | $328 |
| 2011-05-20 | Sold | $128,000 | $65 |
| 2011-03-17 | Listed for sale | $134,900 | $68 |
| 2007-06-19 | Sold | $152,000 | $77 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $5,913.2 | $335,300 |
| 2024 | $5,003.72 | $296,000 |
| 2023 | $4,160.26 | $248,200 |
| 2022 | $3,705.46 | $201,700 |
| 2021 | $3,705.98 | $178,800 |
| 2020 | $3,596.08 | $178,800 |
| 2019 | $3,561.96 | $175,000 |
| 2018 | $3,371.54 | $175,000 |
| 2017 | $3,267.52 | $166,200 |
| 2016 | $2,865.72 | $159,500 |
| 2014 | $2,620.28 | $133,900 |
| 2013 | $2,584.84 | $128,900 |
| 2012 | $2,582 | $127,500 |
| 2011 | $2,306.12 | $121,400 |
| 2010 | $2,411.36 | $121,400 |
| 2009 | $2,219.96 | $129,000 |
| 2007 | $830.18 | $119,000 |
| 2006 | $1,017.82 | $121,700 |
| 2005 | $0 | $93,100 |
| 2002 | $0 | $36,100 |
| 2001 | $611.9 | $12,040 |
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