NOT LISTED FOR SALE

5506 Salem Dr S Carmel, IN 46033

East Carmel Neighborhood

Estimated Value: $767,000 - $787,000

4 Beds
4.5 Baths
3,297 Sq Ft
$235/Sq Ft Est. Value

Last Sold November 20, 2018

Last sale price $450,000 $136 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $4,713/month

3 Days on Market

Highlights

  • Home fronts a pond
  • Mature Trees
  • Deck
  • Cherry Tree Elementary School Rated A
  • Fireplace in Kitchen
  • Vaulted Ceiling

About This Home

As of November 2018

MOVE-IN READY! Newly updated waterfront property in highly-sought Ashton subdivision with 1st floor owner's suite (handicapp acc.) and newly updated custom gourmet kitchen with custom granite counter-tops and top of the line appliances. 9' ceilings with adjacent baths. 3 car garage. Sun room and deck overlooking waterfront views. Newly updated with fresh paint! Spacious basement with theater room!

Last Agent to Sell the Property

Sanam Khan

Highgarden Real Estate License #RB18001423 Listed on: 10/08/2018

Last Buyer's Agent

Debra Altman-foley

Three Birds Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,604

Year Built

  • Built in 1995

Lot Details

  • 0.43 Acre Lot
  • Home fronts a pond
  • Mature Trees

HOA Fees

  • $36 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Vaulted Ceiling
  • Paddle Fans
  • Two Way Fireplace
  • Great Room with Fireplace
  • Breakfast Room
  • Attic Access Panel

Kitchen

  • Double Oven
  • Electric Cooktop
  • Dishwasher
  • Kitchen Island
  • Disposal
  • Fireplace in Kitchen

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Basement

  • 9 Foot Basement Ceiling Height
  • Sump Pump
  • Basement Window Egress
  • Basement Lookout

Home Security

  • Monitored
  • Fire and Smoke Detector

Accessible Home Design

  • Handicap Accessible

Outdoor Features

  • Deck
  • Enclosed Glass Porch

Utilities

  • Humidifier
  • Forced Air Heating System
  • Heating System Uses Gas
  • Programmable Thermostat
  • Gas Water Heater

Community Details

  • Association fees include home owners, maintenance, snow removal
  • Ashton Subdivision
  • Property managed by Ashton

Listing and Financial Details

  • Tax Lot 116
  • Assessor Parcel Number 291021014022000018

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,604

Year Built

Built in 1995

Lot Details

0

HOA Fees

$36 per month

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: TraditonalAmerican, Two Story
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2017
  • Year Built: 1995
  • Building Area Total: 4739
  • Garage Y N: Yes
  • Lot Size Acres: 0.43
  • Subdivision Name: Ashton
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • MBR_AttributionContact: shroff.sanam@gmail.com
  • Special Features: VirtualTour

Interior Features

  • Basement: Yes
  • Basement Type: Ceiling - 9+ feet, Daylight/Lookout Windows, Egress Window(s), Sump Pump
  • Appliances: Electric Cooktop, Dishwasher, Dryer, Disposal, Oven, Double Oven, Refrigerator, Washer, Gas Water Heater, Humidifier, Water Softener Owned
  • Levels: Two
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bathrooms: 5
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 1442
  • Fireplace Features: Two Sided, Great Room, Kitchen
  • Fireplaces: 1
  • Interior Amenities: Attic Access, Vaulted Ceiling(s), Walk-in Closet(s), Hardwood Floors, Handicap Accessible Interior, Paddle Fan, Center Island, Pantry, Programmable Thermostat
  • Living Area: 3297
  • Other Equipment: Security Alarm Monitored, Smoke Alarm
  • Eating Area: Breakfast Room
  • Basement Full Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Main Level Sq Ft: 1598
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 1
  • Upper Level Sq Ft: 1699
  • ResoLivingAreaSource: Builder
  • SqFt Total: 4739

Exterior Features

  • Construction Materials: Brick
  • Disclosures: Not Applicable
  • Exterior Features: Exterior Handicap Accessible
  • Foundation Details: Concrete Perimeter, Full
  • Patio And Porch Features: Deck Main Level, Glass Enclosed
  • Waterfront Features: Pond
  • Waterfront: Yes

Garage/Parking

  • Garage Spaces: 3
  • Parking Features: Attached, Concrete, Garage Door Opener

Utilities

  • Cooling: Central Electric
  • Heating: Forced Air, Gas
  • Laundry Features: Main Level
  • Water Source: Municipal/City
  • Solid Waste: No

Condo/Co-op/Association

  • Association Fee: 435
  • Association Fee Frequency: Annually
  • Association YN: Yes
  • Management Company Name: Ashton

Fee Information

  • Association Fee Includes: Association Home Owners, Maintenance, Snow Removal

Lot Info

  • Lot Features: Mature Trees
  • Property Attached Yn: No
  • Additional Parcels: No
  • Lot Size Sq Ft: 18731
  • Parcel Number: 291021014022000018
  • Acres: 1/4-1/2 Acre

Green Features

  • Green Certification Y N: No

Tax Info

  • Tax Annual Amount: 3604
  • Tax Lot: 116
  • Semi Annual Property Tax Amt: 1802
  • Tax Exemption: Homestead Tax Exemption,Mortage Tax Exemption

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2018
Closed on
Nov 20, 2018
Sold by
Malik Muhammad Iqbal and The Muhammad Iqbal Malik Marit
Bought by
Colby Helen
Seller's Agent
Sanam Khan
Highgarden Real Estate
Buyer's Agent
Debra Altman-foley
Three Birds Realty
List Price
$459,900
Sold Price
$450,000
Premium/Discount to List
-$9,900
-2.15%
Current Estimated Value
$775,620

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$325,620
Avg. Annual Appreciation
8.22%
Original Mortgage
$427,500
Outstanding Balance
$375,900
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$399,720

Purchase Details

Closed on
Dec 3, 2009
Sold by
Malik Muhammad Iqbal
Bought by
Malik Muhammad Iqbal
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Colby Helen -- Chicago Title Co Llc
Malik Muhammad Iqbal -- None Available
Malik Muhammad Iqbal -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Colby Helen $427,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/20/2018 11/20/18 Sold $450,000 -2.2% $136 / Sq Ft
10/12/2018 10/12/18 Pending -- -- --
10/08/2018 10/08/18 For Sale $459,900 -- $139 / Sq Ft
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 $6,728 $623,000 $190,500 $432,500
2023 $6,728 $604,200 $81,200 $523,000
2022 $5,041 $567,300 $81,200 $486,100
2021 $5,041 $444,400 $81,200 $363,200
2020 $4,874 $429,800 $81,200 $348,600
2019 $4,046 $357,600 $81,200 $276,400
2018 $3,618 $325,700 $81,200 $244,500
2017 $3,584 $322,200 $81,200 $241,000
2016 $3,477 $317,400 $81,200 $236,200
2014 $3,473 $318,800 $79,100 $239,700
2013 $3,473 $306,500 $79,100 $227,400
Source: Public Records

Agents Affiliated with this Home

  • Sanam Khan

    Seller's Agent in 2018

    Sanam Khan

    Highgarden Real Estate

    (862) 485-1950

    3 Total Sales

    Sanam Khan
    Section Image

  • D

    Buyer's Agent in 2018

    Debra Altman-foley

    Three Birds Realty

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21597772

MIBOR Broker Listing Cooperative®

APN: 29-10-21-014-022.000-018

Indiana Hamilton County Carmel 46033 East Carmel

5506 Salem Dr S, Carmel, IN

This home is located at 5506 Salem Dr S, Carmel, IN 46033 since 08 October 2018 and is currently estimated at $775,620, approximately $235 per square foot. This property was built in 1995. 5506 Salem Dr S is a home located in Hamilton County with nearby schools including Cherry Tree Elementary School, Clay Middle School, and Carmel High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIBOR Broker Listing Cooperative® Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

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