Neighborhood
11895 Salerno Ct, Carmel, IN 46032
3 beds · 2 baths · 2,298 sq ft · Lot: 1,307 sq ft · Single Family Home · Last Sold: $275K in 2019 · Built: 2005
Est. Value:
$361K
Est. Rent:
$2.5K/month

11895 Salerno Ct Carmel, IN 46032

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3 beds · 2 baths · 2,298 sq ft · Lot Size: 1,307 sq ft · Single Family Home · Old Meridian
Est. Property Value: $360,702

Valued above Market MedianOwned for 5 - 10 Years

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11895 Salerno Ct is in the Old Meridian neighborhood of Carmel, IN. It is located in Hamilton County and ZIP code 46032. This Single Family Home was built in 2005 and is approximately 20 years old. The single family home spans 2298 sq ft with 3 bedrooms and 2 bathrooms and sits on a 1307 sq ft lot. According to public records, it was last sold in 2019 for $275,000 and has a tax-assessed value of $288,700, which is $157 per sq ft. The Old Meridian area of Carmel has 20 residential homes with an average size of 1906 sq ft. Analyze and compare real estate investment strategies for properties like this home at 11895 Salerno Ct Carmel, IN 46032 with Property Intel by Whitepages.

Investment Potential for 11895 Salerno Ct

The property has a current estimated value of $360,702, which is 18% above the neighborhood median, based on public records. It last sold on October 25, 2019 for $275K. Projected long-term
is $30,600 annually ($2,550 per month) with a 92% occupancy rate.

Discover more Single Family Homes in Old Meridian.
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Long-Term

Gross Rental
$30,600 per year($2,550 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
****%View Cap Rate
Occupancy Rate
92%in 46032 zip code
 
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Owners & Occupancy for 11895 Salerno Ct

This property is owned by Madhab N Nayak. Owner contact information includes 3 phone numbers and 3 email addresses.

Property Owners

OccupationSenior Manager - Analytics and Information Management, Cognizant
Cell Phone(585) ***-****View Cell Phone
Residence**********
Landline
Distance from Property**********
Email Address*******@yahoo.comView Email
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Property Ownership Information

Purchase DateOctober 25, 2019
Property Tax Amount$2,927 in 2023
Purchase Price$275,000

Occupancy

Current Occupancy*****View Occupancy
Resident 1***********
Resident 2**************

Property Details for 11895 Salerno Ct

Property Details

Property Sq Ft

Living Area

2,298 sq ft

21% above market

Lot Size

1,307 sq ft

67% below market

Price Per Sq Ft

Living Area

$157 / sq ft

1% below market

Lot Size Area

$276 / sq ft

268% above market

Property condition, age, exterior, etc. for 11895 Sale…
Longitude: -86.14065 Latitude: 39.962232 Parcel Number (APN): 29-09-36-025-016.000-018…
Mortgage originated on through lender: Huntington Nat'l Bk for$******View Mortgage Details
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Recommended Properties in Old Meridian

Discover more single family homes near 11895 Salerno Ct in Carmel, Indiana. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 11895 Salerno Ct in Hamilton County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$360,702
$210,100
$150,602 (72%)
$******
$306,513
$258,631 (84%)
YoY Price Change
****%
3.01%
-47%
Year Built
2005
1972
33 years
Living Space
2,298 sq ft
1,582 sq ft
716 (45%)
$ Per Living Sq Ft
$157
$138
$19 (14%)
Lot Size
1,307 sq ft
12,807 sq ft
-11500 (-90%)
$ Per Lot Sq Ft
$276
$19
$257 (1326%)

Net Operating Income
$*****
$18,060
$2,892 (16%)
Annual Revenue
$30,600
$24,600
$6,000 (24%)
$****
$5,949
$3,699 (62%)
Net Operating Income
$*****
$18,060
$2,892 (16%)
Cap Rate
****%
7.89%
—
View Neighborhood Data
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

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