Here's 12701 Shelborne Road in Carmel, IN 46032, listed at $695,000.

1 photo from the listing — tap any to expand.

Photo of 12701 Shelborne Road, Carmel, IN

For Sale — 12701 Shelborne Road, Carmel, IN 460321 / 1

Quick read on the numbers:

$695,000

For Sale5 days on market

Beds

Baths

Sq ft

2,096

Built

1968

Acres

2.29

Here's what I think this home is worth:

Key things to know

Fireplace
2.29-acre lot
Clay subdivision

From the listing

Dreaming of building your custom home on wooded acreage in Carmel? This could be the opportunity you've been waiting for. Situated on 2.29 beautiful wooded acres, this property includes two parcels and offers incredible potential for redevelopment or a private estate homesite. The existing 3 bed, 2 bath traditional home is being sold AS-IS and is considered a likely tear-down, making this an ideal option for builders, investors, or buyers ready to create something truly special. With no HOA, mature trees, and a prime Carmel location, this is a rare chance to create something special in one of Central Indiana's most sought-after areas.

A few highlights from the feature list:

Interior

Hardwood Floors

Exterior

Not Applicable

I'll break the details down — open any section that matters.

TAX ASSESSMENT

County assessed values for current year

Total Assessed Value

$344,800

Land Value

$156,000

Land$156,000

45% of total

Improvement Value

$188,800

Improvements$188,800

55% of total

Annual tax · 2025: $3,926

Rough monthly:

Monthly payment

Estimate · $695,000

$4,026/mo

≈ $3,699 principal & interest · $327 tax

Down payment (%)Interest rate (%)Term (yrs)

Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $139,000 on a loan of $556,000.

Price history

Listedat $695,000
May 15, 2026

A few similar homes that recently sold nearby:

Recent comparable sales

Same zip · similar size

Comparative value

5 comps in this range

This home is 66% above median for similar nearby sales.

$390K$675KMedian $420K

$695K

A few places to dig deeper:

Clay Carmel Clay Schools

MLS# 22101421

Want to know anything specific? Ask about updates, finishes, the basement, the yard — I read the listing's photos, MLS data, and remarks and cite what I find.