Carmel Real Estate abounds with luxury homes; but it can also be very affordable. One of my favorite neighborhoods that IS affordable is Lexington Farms. It is one of my favorites not only for its pricing, but also for its location and proximity to Central Park and the Monon Center.
As you enter the neighborhood, you will be greeted by rows of blooming pear trees and a white picket fence. There are also nine ponds in the neighborhood giving neighbors scenic views as they walk through the area.
The neighborhood has a variety of ranch and two story homes with square footage ranging from 1,500 to 2,000 and most have beautiful lots. They also are pretty well divided between three bedroom and four bedroom homes. They are just a few with basements and/or three car garages.
The neighborhood has its own pool, playground, tennis court, basketball court and clubhouse for residents. The clubhouse was the old farmhouse for the land. The Homeowner fees are $135 a quarter or $540 a year. And it is worth mentioning again, the Monon Trail is located just east of the subdivision, within walking distance.
The neighborhood was built in the early 1990s by Davis Homes. Their pricing average is about $100 a sq foot with most homes in the $175,000 to $185,000 price point. The absorption rate for this neighborhood is less than one month! What a great neighborhood. There were 12 homes that have sold in the last year, so very little movement in the neighborhood of 290 homes. There are currently three actives and two pended homes. Of the 12 that sold last year, there was one that would be classified as a distressed property.
While there are many areas in Carmel that have beautiful luxury homes, it is nice to find a neighborhood like Lexington Farms that has great amenities and location AND price! Be sure to check out the Indianapolis Star article on Lexington Farms.
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Cindy "in Indy" Marchant - Carmel Real Estate Agent
Keller Williams Realty Indy Metro NE
Carmel IN Real Estate Website
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