Score
0Carmel, IN
13244 Tanzanite Cir
498K
4 beds
3 baths
3,926 sqft
4 bd • 3 ba • 3,926 sf
This analysis was generated on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$498,100
Price/Sq.Ft
$127
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
This property excels with its spacious 3,926 sqft layout, which is 30% larger than the average home size in Carmel. The price per square foot of $126.87 is significantly below the Carmel average, which typically ranges from $150-$200/sqft, representing excellent value. With 4 bedrooms and 3 bathrooms, it's well-suited for families or those needing extra space. The property features a desirable brick and vinyl siding exterior, which offers durability and low maintenance. The three-car garage provides ample parking and storage, a feature that adds approximately $20,000-$30,000 in value compared to homes with two-car garages. The arched window above the entrance adds architectural interest and likely floods the entryway with natural light. The well-maintained front lawn and landscaping contribute to strong curb appeal, which typically increases property value by 5-11%.
The Bad
While the property size is generous, the lack of detailed information about its year built and specific features is concerning. If the home is older (pre-2000), it may require updates to major systems like HVAC, plumbing, or electrical, which could cost $15,000-$30,000. The absence of a property description and room details makes it difficult to assess the interior condition and any recent upgrades. This lack of information could deter potential buyers or lead to lowball offers. The listing price of $498,100 is above the median home value in Carmel (typically around $370,000-$400,000), which may limit the pool of potential buyers. Additionally, the large size of the home may result in higher utility costs and property taxes compared to smaller properties in the area.
The Ugly
The property's price point of $498,100 combined with Carmel's median income of $140,945 puts it at the upper end of affordability for many local buyers. Using the standard 28% front-end ratio for housing expenses, a household would need an annual income of approximately $160,000 to comfortably afford this home, assuming a 20% down payment and current interest rates. This narrows the potential buyer pool significantly. The large size of the home (3,926 sqft) may lead to substantial maintenance and utility costs, potentially exceeding $500-$700 per month. Without information on the home's age and condition of major systems, buyers could face unexpected repair costs in the near future. For example, if the roof needs replacement, it could cost $15,000-$25,000 for a home of this size. The lack of information about potential HOA fees, which are common in Carmel, could add hundreds of dollars to monthly expenses if present.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
This property is best suited for upper-middle-class families or professionals with household incomes above $160,000 annually. It's ideal for those needing ample space, such as large families, multi-generational households, or individuals working from home who require dedicated office space. The home would appeal to buyers prioritizing value per square foot over newer construction or premium finishes. It's well-suited for long-term residents who can benefit from potential property appreciation in the desirable Carmel market. Investors might also find this property attractive for use as a high-end rental, given that the market rate for 4-bedroom homes in Carmel is around $2,370 per month, potentially yielding a gross annual income of $28,440.
Not For
This property is not suitable for first-time homebuyers or those with household incomes below $160,000 due to its price point. It's also not ideal for individuals or couples seeking a low-maintenance lifestyle, as the large size requires significant upkeep. Buyers looking for new construction or updated, move-in ready homes may find this property lacking without more information about its condition and features. Those prioritizing walkability or proximity to downtown Carmel might find the location less desirable, as it appears to be in a suburban setting. Additionally, it's not suitable for investors seeking immediate high cash flow, as the potential rental income may not cover the mortgage and associated costs at the current price point.
Demographics
Area Median Income
$140,945
Property History
Price History
Ownership Timeline
$0Financed
Jun 1, 2007Edward C Tidswell, Non TidswellSteven A Dillone, Amanda D Dillon
Warranty Deed
Standard Sale (Purchase/Resales)
$0Financed
Aug 15, 2003Henry Bo On Wong, Bobby Hiu Wan WongEdward C Tidswell, Non Tidswell
Warranty Deed
Standard Sale (Purchase/Resales)
$0Financed
Feb 26, 2001Davis Homes LlcHenry Bo On Wong, Bobby Hiu Wan Wong
Warranty Deed
New Construction Residential Transactions
$0Cash Purchase
Jan 1, 1970Steven A Dillon, Amanda D DillonKevin Lee Haerly, Morgan Elizabeth Howard
Warranty Deed
Standard Sale (Purchase/Resales)
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
Data provided by Shadowmap
Loading sunlight data...
Schools
Nearby school quality by education level
Middle
10.0/10
ExcellentHigh
10.0/10
ExcellentFinancials
Monthly Costs
Market Rent (4 bed)
Get a detailed estimate on Zillow$1,090
Unlock Premium Features
Supercharge Your Property Analysis
Get unlimited AI-powered insights and analysis to make confident decisions about any property you're interested in.
Best for serious buyers
- Unlimited AI analysis
- Unlimited AI chat
- Advanced tools & insights
$24.92/mo
Billed yearlySave 17% ($60/year)
Cancel anytime • 30-day money-back guarantee
Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$498,100
Price/sqft
$127
Layout
4 bd•3 ba
Stats in the Area
Based on 4 comparable properties nearby
Average Price
$836,250
40.4%
Your price is 40.4% below average
Median Price
$900,000
44.7%
Based on 4 recent sales
Price per Sq.Ft
$204
37.8%
Your price is 37.8% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 5150 Avian Way, Carmel, IN 46033 | $635,000 | 3,404 | 4 | 3 | $18747.0% | 10/17/2024 |
| 4954 Briarwood Trail, Carmel, IN 46033 | $900,000 | 3,827 | 5 | 3 | $23585.4% | 8/29/2024 |
| 4841 Woodfield Drive, Carmel, IN 46033 | $795,000 | 4,455 | 4 | 4 | $17840.7% | 11/15/2024 |
| 12421 Bayhill Drive, Carmel, IN 46033 | $1,015,000 | 4,706 | 4 | 4 | $21670.0% | 9/5/2024 |
5150 Avian Way, Carmel, IN 46033
Price: $635,000
Sq.Ft: 3,404
Beds/Baths: 4/3
$/Sq.Ft:
$18747.0%
Sale Date: 10/17/2024
4954 Briarwood Trail, Carmel, IN 46033
Price: $900,000
Sq.Ft: 3,827
Beds/Baths: 5/3
$/Sq.Ft:
$23585.4%
Sale Date: 8/29/2024
4841 Woodfield Drive, Carmel, IN 46033
Price: $795,000
Sq.Ft: 4,455
Beds/Baths: 4/4
$/Sq.Ft:
$17840.7%
Sale Date: 11/15/2024
12421 Bayhill Drive, Carmel, IN 46033
Price: $1,015,000
Sq.Ft: 4,706
Beds/Baths: 4/4
$/Sq.Ft:
$21670.0%
Sale Date: 9/5/2024
Frequently Asked Questions
Property Discussion
Start the Conversation
Share your insights on this property—did you visit the open house? Know of any hidden pros or cons? Your street-level knowledge could be exactly what another buyer needs.
You
Analyze Any Property for Free
Get instant insights and potential savings on any Zillow listing.
Free Analysis
AI-Powered Insights
Instant Results
