Score
0Carmel, IN
3233 Winings Ln
621K
5 beds
4 baths
5,356 sqft
5 bd • 4 ba • 5,356 sf
This analysis was generated on 1/27/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$621,400
Price/Sq.Ft
$116
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Sizeable living space: With 5,356 square feet, this property offers ample living space for a large family or those who desire extra room. This is significantly larger than the average home in Carmel, offering more value in terms of square footage.
• 5 bedrooms and 4 bathrooms: The number of bedrooms and bathrooms is ideal for a larger family and provides added convenience. This layout can accommodate a large household or allow for additional guest space.
• Competitive price per square foot: The price per square foot ($116.02) is relatively competitive compared to other properties in Carmel. This suggests that the property may offer good value for the size and location, although a full market analysis would be needed to confirm this.
• Location in Carmel, IN: Carmel is considered a desirable place to live, known for its high-quality schools, safe neighborhoods, and family-friendly environment. This location can be considered an advantage for this property.
• Potential for rental income: Based on the market rental rates in Carmel, this property has the potential to generate significant monthly rental income. The data provided indicates four bedroom homes are renting for $2,100 per month, and a larger 5 bedroom home could command a higher price.
The Bad
• Lack of specific property details: The listing lacks a detailed property description, room details, and utility information. This makes it difficult to assess the property's condition, features, and layout. Buyers are left with many unanswered questions, which increases the risk of unforeseen problems and costs.
• Unknown year built: The absence of the year built is a major drawback. Older homes may have issues with outdated systems, such as plumbing, electrical, and HVAC, which could lead to costly repairs. Buyers should always know the age of a home before making an offer.
• No listed property features: The listing does not provide any property features, which limits the buyer’s ability to assess the home’s amenities and value. Buyers will need to do further research to determine if the property meets their needs.
• High price point: While the price per square foot of $116.02 is reasonable, the overall price of $621,400 is still substantial. This places the property out of reach for many potential buyers, especially first-time home buyers or those with more limited budgets. The median income in Carmel is $107,556, which means that a significant portion of households may not be able to afford a home at this price point.
The Ugly
• Missing information: The lack of key details such as the year built, property description, room details, and utility information makes it difficult to fully assess the property's value and condition. This significantly increases the risk for potential buyers and makes it difficult to budget for maintenance and repairs.
• Potential for hidden maintenance costs: Without knowing the age and condition of the property, buyers could be facing significant unexpected maintenance costs. Older homes may have issues with aging infrastructure, such as plumbing, electrical, or HVAC, which can be very expensive to repair.
• Potential for high ongoing costs: In addition to the mortgage, buyers will need to budget for potentially high property taxes, which are relatively high in Carmel, plus any HOA fees, and ongoing maintenance costs. This can create a significant financial burden for homeowners.
• Incomplete market information: The lack of details makes it difficult to properly compare this property to others in the market. This means that a buyer will need to do further research to ensure that they aren't overpaying.
• Risk of overpaying: The competitive nature of the market coupled with a lack of information could cause a buyer to overpay for this property. Without a full appraisal, a buyer is taking a risk and may purchase a property that is not worth the listing price.
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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
• Large families seeking ample living space: The 5,356 sqft home with 5 bedrooms and 4 bathrooms provides a substantial amount of space for larger families or those needing extra room for guests or home offices. This is significantly larger than the average single-family home in Carmel, which often ranges from 2,500 to 3,500 sqft.
• Buyers prioritizing school districts: Carmel Clay Schools are highly rated, making this property ideal for families with children. Homes in top-rated school districts in Carmel tend to hold their value well and are in high demand.
• Buyers who value a suburban setting: The property is located in Carmel, a desirable suburban area with a reputation for safety, quality schools, and a strong community.
• Buyers looking for a solid investment: Given Carmel's competitive market and desirable location, this property has good potential for long-term appreciation. Its price per square foot is also relatively competitive for the area, suggesting a reasonable entry point for buyers looking for a high-end property.
Not For
• Buyers on a tight budget: The price of $621,400 is at the higher end of the market, which may be prohibitive for buyers with limited financial resources. Given the market data, a family will need a high income to afford the mortgage, taxes, and maintenance costs associated with a property of this size and in this area. A budget-conscious buyer may find better value in a smaller home or in a different location.
• Buyers who prefer a low-maintenance property: A home of this size can require significant upkeep and maintenance. Those who prefer a smaller, more manageable property may find this home too demanding. The lack of details on the home's age and condition also introduces uncertainty about potential maintenance costs.
• Buyers seeking a walkable neighborhood: Carmel, while desirable, is primarily car-dependent. Those seeking walkable access to amenities and public transportation may find this location less than ideal. The listing doesn't specify the proximity to parks, shopping, or other amenities, but as a whole, Carmel is not known for walkability.
Demographics
Area Median Income
$107,556
Property History
Price History
Ownership Timeline
$0Financed
Aug 20, 2019Tianle Hu, Li LiuNeeraj Gupta, Mayura Gupta
Warranty Deed
Standard Sale (Purchase/Resales)
$0Financed
Oct 30, 2012Thomas J ZuffaTianle Hu, Li Liu
Warranty Deed
Standard Sale (Purchase/Resales)
$0Financed
Sep 11, 2007Arbor Homes LlcThomas J Zuffa
Warranty Deed
New Construction Residential Transactions
Sunlight Analysis
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Sunlight Analysis
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Risk Assessment
Risk Analysis
• Lack of property details: The absence of a property description, room details, and utility information creates uncertainty. Buyers will need to conduct due diligence to verify the condition of the property and systems. The lack of details also makes it difficult to accurately assess the property's value and compare it to other listings.
• Potential for higher property taxes: Carmel has relatively high property taxes compared to other areas in Indiana. This is a significant ongoing expense that must be factored into the overall cost of ownership. Buyers should obtain a tax estimate to understand the full impact on their budget.
• Unknown age and condition: The listing does not specify the year the house was built, which is critical information for assessing the property's condition and potential maintenance requirements. Older homes may have hidden issues that require costly repairs. A thorough home inspection is crucial to avoid unexpected expenses.
• Competitive market risk: The competitive nature of Carmel's real estate market means that buyers may face bidding wars and the possibility of paying over the asking price. This could lead to overpaying for the property, especially if the buyer is not familiar with the local market dynamics.
• HOA costs: If the property is part of a homeowner's association, there will be additional monthly costs and regulations to consider. The listing does not mention HOA fees, so this is an unknown factor that could impact the budget.
Cost & Affordability
Monthly Costs
Breakdown of estimated monthly expenses for this property
Monthly Payment
$0
* Estimated at 1% of home value annually. Actual costs may vary.
Not Included in Estimate
• Utilities (electricity, gas, water, internet)
• Home improvements and upgrades
• Landscaping and yard maintenance
• Pest control and home services
• Emergency repairs and replacements
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$621 monthly
$83 monthly
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Financials
Monthly Costs
Market Rent (5 bed)
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$621,400
Price/sqft
$116
Layout
5 bd•4 ba
Stats in the Area
Based on 4 comparable properties nearby
Average Price
$925,365
32.8%
Your price is 32.8% below average
Median Price
$952,860
34.8%
Based on 4 recent sales
Price per Sq.Ft
$184
36.9%
Your price is 36.9% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 14454 Beaument Boulevard, Carmel, IN 46032 | $952,860 | 5,031 | 6 | 4 | $18963.2% | 11/14/2024 |
| 14370 BEAUMENT Boulevard, Carmel, IN 46074 | $901,100 | 4,408 | 6 | 4 | $20476.2% | 12/2/2024 |
| 2572 Dawn Ridge Drive, Carmel, IN 46033 | $885,000 | 6,127 | 5 | 5 | $14424.5% | 10/25/2024 |
| 3733 Aldrew Place, Carmel, IN 46074 | $962,500 | 4,819 | 4 | 5 | $20072.2% | 9/5/2024 |
14454 Beaument Boulevard, Carmel, IN 46032
Price: $952,860
Sq.Ft: 5,031
Beds/Baths: 6/4
$/Sq.Ft:
$18963.2%
Sale Date: 11/14/2024
14370 BEAUMENT Boulevard, Carmel, IN 46074
Price: $901,100
Sq.Ft: 4,408
Beds/Baths: 6/4
$/Sq.Ft:
$20476.2%
Sale Date: 12/2/2024
2572 Dawn Ridge Drive, Carmel, IN 46033
Price: $885,000
Sq.Ft: 6,127
Beds/Baths: 5/5
$/Sq.Ft:
$14424.5%
Sale Date: 10/25/2024
3733 Aldrew Place, Carmel, IN 46074
Price: $962,500
Sq.Ft: 4,819
Beds/Baths: 4/5
$/Sq.Ft:
$20072.2%
Sale Date: 9/5/2024
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