For SaleRisky Deal0 days on market
209 Faulkner Ct APT 205
209 Faulkner Ct APT 205, Carmel, IN 46032, Carmel, IN 46032
$230,000
Estimate®:$225,900
Listing Price
209 Faulkner Ct APT 205, Carmel, IN 46032
Loc: Carmel, IN
Days Listed
0
Tax Assessed
$228k
Estimate®
$226k
Market Rate
Lot Size
6,534 sqft
Rent Estimate
$1,829/mo
Est. Cash Flow base
Type
condo
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
9
Clay Center Elementary School
PK-5
1 mi away
9
Creekside Middle School
6-8
3.1 mi away
10
Carmel High School
9-12
2.3 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
multi-familyapartment buildingcondominiumtwo-storygable roofbrick veneervinyl sidingbalconyporchlandscapedtraditionalresidentialsuburban
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
6.02%
Total ROI
89.8%
Cash Flow
$-39/mo
DSCR
0.97
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-39/mo net cash flow with a 6.0% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (6.0%)
- • 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 |
|---|---|---|---|
| 2026-09-25 | Listed for sale | $230,000 | $151 |
| 2026-08-14 | Listing removed | $229,000 | $151 |
| 2026-07-02 | Price change | $229,000 | $151 |
| 2026-05-08 | Listed for sale | $250,000 | $165 |
| 2026-05-01 | Listing removed | $1,900 | $1 |
| 2026-03-16 | Listed for rent | $1,900 | $1 |
| 2026-02-09 | Listing removed | $2,000 | $1 |
| 2025-12-31 | Listed for rent | $2,000 | $1 |
| 2021-03-24 | Listing removed | $0 | – |
| 2019-12-13 | Listing removed | $1,500 | $1 |
| 2019-11-12 | Listed for rent | $1,500 | $1 |
| 2007-06-07 | Sold | $122,000 | $80 |
| 2006-06-30 | Sold | $117,500 | $77 |
| 2002-06-24 | Sold | $125,020 | $82 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $3,683.76 | $227,700 |
| 2024 | $3,376.8 | $184,400 |
| 2023 | $3,285.72 | $167,500 |
| 2022 | $2,901.36 | $159,300 |
| 2021 | $2,313.14 | $140,000 |
| 2020 | $2,198.74 | $111,600 |
| 2019 | $2,212.88 | $107,000 |
| 2018 | $2,225.88 | $107,000 |
| 2017 | $1,156.52 | $108,000 |
| 2016 | $2,302.5 | $111,200 |
| 2014 | $1,890.36 | $96,600 |
| 2013 | $1,868.94 | $93,200 |
| 2012 | $1,917.76 | $94,700 |
| 2011 | $2,247.22 | $118,300 |
| 2010 | $2,349.8 | $118,300 |
| 2009 | $2,035.82 | $118,300 |
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