2 months on rocket

720 S Rangeline Rd Unit 701, Carmel, IN, 46032

$4,995,000

3 Bedrooms
3 Full Baths, 1 Partial
3,810 SqFt
$1,311/SqFt
Condo

Location

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Property Highlights

Home TypeCondominium
Year Built2010
HeatingElectric, Forced Air
CoolingCentral Air
MLS #21994608
StatusActive

About 720 S Rangeline Rd Unit 701

Experience unparalleled luxury in this Miami-style penthouse in downtown Carmel. Perched as the highest residence in Carmel, it boasts stunning panoramic views extending over 13 miles. Every detail reflects custom construction and premium finishes. The great room is bathed in light with 23-foot ceilings and expansive windows, complemented by a high-end bar area. The Dolby theater features a 9-foot retractable screen, sound-absorbing panels, and automated Lutron shades. The bar includes two Azur refrigerators, an Avolon wine fridge, and multi-color accent lighting. The chef's kitchen showcases commercial-grade stainless steel appliances and a vast island seating over 25 guests. The master suite offers keypad access, a floating California king bed, a skylight, and a private outdoor area with commercial-grade heating and sound. Additional features include a breakfast bar, wine storage, a refrigerator, a steam shower, a three-person infrared sauna with chromotherapy, and a master closet with a secret passage to a large walk-in closet and safe room. Each bedroom is equipped with kitchenettes, beverage centers, microwaves, and TVs with Sonos soundbars. The guest bedroom has a Murphy bed that converts into an exercise room with a Tonal Smart Home Gym. A bunk room accommodates three teenagers or guests. The rooftop balcony spans 2,000 square feet, offering breathtaking views and features commercial-grade heating, custom furniture, a large swim spa and jacuzzi, three firepits, an outdoor kitchen with dual grills, and a dining area. Additional amenities include four deeded garage parking spots with a two-car hydraulic lift for a total of six spots, and a conditioned storage area. On-site amenities feature a community pool, gym, golf simulators, and a meeting room. Located near Carmel's vibrant restaurants, nightlife, shops, green spaces, farmer's market, Monon Trail, and the Palladium theater, with easy access to downtown Indianapolis and the airport.

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary
  • Year Built: 2010
  • Living Area: 3,810 SqFt

Listing Office:

  • Office Name: eXp Realty, LLC
  • Office Email: IndyRealtorKendra@gmail.com
  • Listing Agent: Kendra Rasnake

Interior Features

Interior Information:

  • Appliances: Electric Water Heater
  • Basement: No
  • Interior: Bath Sinks Double Main, Center Island, Central Vacuum, Elevator, Hardwood Floors, Eat-in Kitchen, Programmable Thermostat, Sauna, Skylight(s), Supplemental Storage, Surround Sound Wiring, Walk-in Closet(s), Wet Bar

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 3
  • Total Bedroom Count: 3

Utilities

Utilities Information:

  • Heating: Electric, Forced Air
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Carmel High School, Public District Grades 9-12
  • Creekside Middle School, Public District Grades 6-8

Other

Directions Information:

  • Directions: The Corner of City Center Drive and Rangeline Road, on the 7th floor of the Carmel City Center Building.

Price Information

Listing Price Info

Price Summary:

  • List Price: $4,995,000
  • Price Per SqFt: $1,311/SqFt

HOA Fees:

  • Amount: $1000
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $14,019
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Carmel, IN.

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Carmel, IN

City

Med. Sold Price

$522.7K

Med. Price/SqFt

$183

Avg. Days On Market

23

# of Sold Homes

116

720 S Rangeline Rd Unit 701 vs Carmel

88 DAYS ON ROCKET

+65 Days

$4,995,000

+$4.4M More

$1,311/SqFt

+$1.1K More

KEY TAKEAWAY

This property is $4.4M more than the Median Sold Price and $1.1K/SqFt more than other homes in Carmel, IN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MIBOR
  • MLS Number: #21994608

Listing Office:

  • Office Name: eXp Realty, LLC
  • Office Email: IndyRealtorKendra@gmail.com
  • Listing Agent: Kendra Rasnake

IDX Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.

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Last updated on: 11/5/2024, 8:16:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 12, 2018Home Sold
$810,000
Oct 29, 2013Home Sold
$1,040,000

Tax History

YEARPROP. TAXASSESSMENT
2021$14,019$1,217,400
2020$9,271$1,217,400
2019$10,636$810,600
2018$19,004$947,100
2017$20,376$936,800

History based on county public records data.

Payment Calculator

$25.9K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$15K

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Middle School

school-card-donut-1881715
9
/10

  • Creekside Middle School

  • 3525 W 126th St

  • 4.90 miles

  • Public District Grades 6-8

High School

school-card-donut-1881716
7
/10

  • Carmel High School

  • 520 E Main St

  • 1.11 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $75,694. The most common annual income of people living in Carmel, IN is between $35k-100k. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Living In Carmel, IN

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What are the common housing types in Carmel, IN?

Carmel's housing market is diverse, offering a range of options from luxurious estates to more modest family homes. The architectural styles vary, with a mix of contemporary, colonial, and ranch-style homes. The market is primarily composed of single-family homes, with a selection of condominiums and townhouses. The area has seen a steady growth in new developments, particularly in upscale neighborhoods.

What are the advantages of living in Carmel, IN?

Carmel is celebrated for its vibrant arts scene and community engagement. The city prides itself on its well-maintained trails and parks, fostering a family-friendly atmosphere. Annual events, such as the Carmel International Arts Festival, contribute to the city's cultural vibrancy and community spirit.

Are essential services in Carmel, IN convenient?

The community benefits from a robust educational system, with multiple public and private schools offering quality education. Healthcare services are comprehensive, with several clinics and a hospital that provide a range of medical services. The Carmel Clay Public Library serves as a central hub for learning and community activities. Retail and dining options are plentiful, reflecting the local culture and providing residents with a variety of choices.

How do Carmel, IN residents get around?

Carmel's transport infrastructure includes a network of roads and highways that facilitate easy commuting to nearby cities. Public transportation options are available, with a focus on connecting residents to key areas within the city. The community is also bike-friendly, with numerous trails and bike lanes. Efforts are being made to enhance the efficiency and accessibility of the transportation system to accommodate the city's growth.

Frequently Asked Questions About 720 S Rangeline Rd Unit 701

What is the listing price of this property?

The listing price of 720 S Rangeline Rd Unit 701 property is $4,995,000.

What type of property is this?

The property 720 S Rangeline Rd Unit 701 is a condo located in Carmel, Indiana, 46032.

Is this property for sale now?

Active Listing: 720 S Rangeline Rd Unit 701 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 720 S Rangeline Rd Unit 701 are:
Creekside Middle School: GreatSchools Rating 9/10
Carmel High School: GreatSchools Rating 7/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $14,019 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on June 12, 2018 for $810,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 720 S Rangeline Rd Unit 701 has 3 bedrooms and 3 full and 1 half bathrooms.

What is the square footage of this property?

The property 720 S Rangeline Rd Unit 701 is 3,810 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 720 S Rangeline Rd Unit 701 is 2010.
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Rocket Homes›Indiana›Hamilton County›Carmel›46032›720 S Rangeline Rd Unit 701

This home is located at 720 S Rangeline Rd Unit 701 in Carmel, IN and zip code 46032. This 3,810 square foot home was built in 2010. Features: 3 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since August 08, 2024 and is currently priced at $4,995,000.

In October 2024 more than 25 listings in Carmel, IN were sold above the asking price. During the same period more than 29 listings were sold at asking price, while more than 62 were sold below. Between September 2024 and October 2024, Carmel, IN real estate market has seen decrease in the number of listings by 3.2%. While the average time on the market in October 2024 was 23 days, the median list price was $522,708.

From Rocket Homes Real Estate and based on county public records data.

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