$220,000
SOLD MAR 29, 2013

10523 Laurel Ridge Ln Carmel, IN 46032

West Carmel Neighborhood
1.56 Acres
$141,026 Price per Acre
67,954 Sq Ft Lot

Recently Sold

76% Below List Price

286 Days on Market

About This Lot

As of February 2016

Large custom building sites in West Clay's most prestigious corridor. West 106th Street and Ditch Road - Laurel Ridge with only 6 lots remaining. Pick your own builder - large landscaped common areas feature creek and two large ponds. Gated entry provides for the best of both worlds - estate privacy setting, serenity, and the best West Clay location.

Last Agent to Sell the Property

Mark Zukerman

Encore Sotheby's International License #RB14034497 Listed on: 04/17/2012

Encore Sotheby's International

Co-Listed By

Jeffrey Cohen

Engel & Volkers

Last Buyer's Agent

Mark Zukerman

Encore Sotheby's International License #RB14034497 Listed on: 04/17/2012

Encore Sotheby's International

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $16

HOA Fees

  • $275 per month

Property Details

Property Type

Land

Est. Annual Taxes

$16

Lot Details

0

HOA Fees

$275 per month

Listing Details

  • Property Type: Land
  • Type: Single Lot
  • Property Sub Type: Residential Lots
  • Transaction Type: Sale
  • Directions: West 106th Street to Ditch Road. Community is on the Southeast Corner of the Intersection.
  • New Construction: No
  • Road Frontage Type: Private Road
  • Road Surface Type: Asphalt
  • Subdivision Name: LAUREL RIDGE
  • Special Features: None

Interior Features

  • Sq Ft Main Upper: 0
  • Below Grade Sq Ft: 0
  • Upper Level Sq Ft: 0

Exterior Features

  • Road Access: PrivateRd
  • Water: Municipal Water on Site
  • Disclosures: Not Applicable
  • Other Structures: No Building
  • Topography: Cleared

Utilities

  • Solid Waste: 0
  • Sewer: Municipal Sewer On Site

Condo/Co-op/Association

  • Association Fee: 3300
  • Association Fee Frequency: Annually

Fee Information

  • Association Fee Includes: Maintenance

Lot Info

  • Acres: 1-2 Acres
  • Lot Number: 8
  • Lot Size: 1.56 acres
  • Improvements: CurbsGuters,FenceMetal,PavedStr,Sidewalks,StormSewer,StrLights
  • Land Characteristics: Other
  • Potential Zoning: Single Family
  • Present Zoning: Single Family
  • Price Acre: 201923
  • Development Status: Finished Lot(s)
  • Zoning: Single Family

Tax Info

  • Semi Annual Property Tax Amt: 8
  • Tax Exemption: None
  • Tax Annual Amount: 16
  • Tax Year: 2011

MLS Schools

  • School District: Carmel Clay Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 3, 2017
Sold by
Mereddy Radhika R
Bought by
Allam Sandeep and Mereddy Radhika R
Current Estimated Value
$3,957,248

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Outstanding Balance
$1,257,973
Interest Rate
3.7%
Mortgage Type
Construction
Estimated Equity
$2,186,879

Purchase Details

Listed on
Jul 27, 2013
Closed on
Feb 25, 2016
Sold by
Ridge Properties Llc
Bought by
Mereddy Radhika R
Seller's Agent
Stephen Decatur
CENTURY 21 Scheetz
Buyer's Agent
Stephen Decatur
CENTURY 21 Scheetz
List Price
$599,500
Sold Price
$450,000
Premium/Discount to List
-$149,500
-24.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.64%
Original Mortgage
$250,000
Interest Rate
4.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,500,000 Construction
Closed $250,000 Adjustable Rate Mortgage/ARM
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2016 02/25/16 Sold $450,000 -24.9% --
11/24/2015 11/24/15 Pending -- -- --
07/27/2013 07/27/13 For Sale $599,500 +172.5% --
03/29/2013 03/29/13 Sold $220,000 -76.2% --
01/29/2013 01/29/13 Pending -- -- --
04/17/2012 04/17/12 For Sale $925,000 -- --
Source: MIBOR Broker Listing Cooperative®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $28,427 $2,447,200 $411,000 $2,036,200
2023 $28,492 $2,398,300 $411,000 $1,987,300
2022 $26,679 $2,438,000 $411,000 $2,027,000
2021 $26,679 $2,239,400 $411,000 $1,828,400
2020 $20,268 $3,373,400 $508,000 $2,865,400
2019 $34,427 $1,672,200 $306,000 $1,366,200
2018 $6,293 $306,000 $306,000 $0
2017 $6,308 $306,000 $306,000 $0
2016 $77 $600 $600 $0
2014 $12 $600 $600 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21171659

MIBOR Broker Listing Cooperative®

APN: 29-13-10-002-008.000-018