Type:   French Country  

 Age:  Built in 2002 

Location:  Near the intersection of Keystone and Main Street 

Neighborhood:  A quaint wooded community with 39 custom homes. 

Square footage: 3050 square feet with an additional 1845 square feet in the partially finished basement. 

Rooms:  This four-bedroom home has a main floor master suite with a view of the woods and creek and includes one of three fireplaces.  Two of the upstairs bedrooms share a Jack and Jill bath while the third is used as an office with French doors.  The partially finished basement walks out to the wooded lot.   

Description:  This bank-owned home, currently listed at $359,900, is a great deal for the buyer that is willing to deal with a repossession situation.  This home was modeled after an award winning design from the west coast and is conveniently located just down the street from Carmel High School and the new Arts and Design District with quick access to Keystone.  A wooded lot adjacent to a creek is a rare find, especially with a four-year-old property.  Similar lots without houses in Carmel have sold for over $150,000. 

Remember, with a bank-owned property, the bank will do little or no repairs to the house.  The reduction in price reflects the risk of purchasing the property.  Since there is more risk associated with the home itself, the purchase price for a bank-owned property should be lower than the purchase price of a privately owned home. 

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