For SaleRisky Deal18 days on market
889 Bridle Cir
889 Bridle Cir, Carmel, IN 46032, Carmel, IN 46032
$465,000
Listing Price
889 Bridle Cir, Carmel, IN 46032
Loc: Carmel, IN
Days Listed
18
Tax Assessed
$413k
Lot Size
56.00 acres
Rent Estimate
$3,291/mo
Est. Cash Flow base
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
1.8 mi away
8
Carmel Middle School
6-8
1.5 mi away
10
Carmel High School
9-12
1.6 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
colonialtwo-storybrick facadevinyl sidingattached garagedormer windowsasphalt shingle roofsuburbantraditionalbay windowlandscaped lawnwell-maintainedresidentialdriveway
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
5.78%
Total ROI
84.4%
Cash Flow
$-175/mo
DSCR
0.93
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-175/mo net cash flow with a 5.8% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (5.8%)
- • 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 |
|---|---|---|---|
| 2026-09-05 | Listed for sale | $465,000 | $186 |
| 2026-03-11 | Listing removed | $435,000 | $174 |
| 2026-01-13 | Price change | $435,000 | $174 |
| 2026-01-05 | Listed for sale | $440,000 | $176 |
| 2023-06-22 | Listing removed | $0 | – |
| 2023-06-15 | Price change | $429,900 | $172 |
| 2023-06-11 | Price change | $440,000 | $176 |
| 2021-05-18 | Pending sale | $350,000 | $140 |
| 2021-05-13 | Listed for sale | $350,000 | $140 |
| 2014-09-30 | Sold | $249,000 | $99 |
| 2014-08-12 | Pending sale | $249,900 | $100 |
| 2014-07-26 | Price change | $249,900 | $100 |
| 2014-07-07 | Listed for sale | $259,900 | $104 |
| 2008-05-24 | Listing removed | $220,000 | $88 |
| 2008-05-07 | Listed for sale | $220,000 | $88 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $4,203.92 | $413,000 |
| 2024 | $3,616.72 | $384,700 |
| 2023 | $3,554.16 | $346,200 |
| 2022 | $2,858.16 | $315,100 |
| 2021 | $2,924.78 | $261,200 |
| 2020 | $2,837.62 | $261,500 |
| 2019 | $2,606.94 | $256,800 |
| 2018 | $2,468.18 | $241,400 |
| 2017 | $2,421.18 | $230,400 |
| 2016 | $2,219.38 | $225,000 |
| 2014 | $2,016.48 | $207,500 |
| 2013 | $1,957.58 | $199,100 |
| 2012 | $2,001.92 | $201,000 |
| 2011 | $1,848.22 | $199,300 |
| 2010 | $1,932.58 | $199,300 |
| 2009 | $1,684.56 | $204,800 |
| 2007 | $1,642.2 | $189,200 |
| 2006 | $1,946.12 | $189,200 |
| 2005 | $0 | $161,700 |
| 2002 | $1,646.62 | $104,200 |
| 2001 | $1,694.88 | $34,730 |
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