Sheldon Barnes
Property Details
640 N RANGELINE RD
Carmel, Indiana 46032
1,477
Sq Ft
1921
Year Built
$432,800
Assessed Value
640 N Rangeline Rd
Carmel, Indiana 46032
No Subdivision
$599,000
Schedule a Showing2
Beds
1
Baths
1,013
Sq Ft
1921
Year Built
0.25
Acres
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ABOUT THIS HOME
Location, location, location! If you have been looking for a way to get into the Carmel Arts District, this is it. Located at 640 N Rangeline Rd, this 1920s property is a rare chance to put your own stamp on a home in one of the city's most walkable and vibrant areas. The house is a 2-bedroom, 1-bathroom layout with an unfinished basement. While it does need some TLC and seller is not making any repairs, it has some great original character, including a hearth room with a decorative only fireplace. One of the best perks on the property is the detached two-car garage which comes with extra storage space that is perfect for a workshop, bikes, or lawn gear-which you will definitely use since the lot is over a quarter of an acre (0.28 acres). What an awesome opportunity to customize property right near the Arts District and within the Carmel Clay School system.
Key things to know
- Carmel arts district location
- Original hardwood floors and cathedral ceilings
- Detached 2-car garage with workshop/storage space
- Unfinished basement for future expansion
- Quarter-acre lot with mature potential
Monthly payment
Estimate · $599,000
$3,800/mo
≈ $3,188 principal & interest · $612 tax
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $119,800 on a loan of $479,200.
Price history
- Listedat $599,000
Apr 27, 2026
Recent comparable sales
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Comparative value
5 comps in this range
This home is 64% above median for similar nearby sales.
Want to know anything specific? Ask about updates, finishes, the basement, the yard — I read the listing's photos, MLS data, and remarks and cite what I find.
FEATURES & AMENITIES
Interior
Climate
THE FACTS
Pricing trajectory, room-by-room layout, schools, and what's nearby.
Price history
$599,000Listed· Apr 27, 2026
9 days on market
Layout
Primary bath
Tub Full with Shower
Schools
Carmel Clay Schools
Neighborhood
- Clay Terrace0.6 mi
- Carmel Arts & Design District0.7 mi
- Carmel High School1.2 mi
- Monon Trail (Carmel)1.8 mi
- Carmel Central Park2.2 mi
- IU Health North Hospital3.3 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
1,477 sq ft
Year Built
1921
Stories
One
Subdivision
No Subdivision
Bedrooms
2
Bathrooms
1 full
Garage
2 spaces
School District
Carmel Clay Schools
TAX ASSESSMENT
Hamilton County assessed values for current year
Total Assessed Value
$432,800
Land Value
$198,300
46% of total
Improvement Value
$234,500
54% of total
- Annual tax · 2025
- $7,338