3862 Penzance Place, Carmel, IN 46032 · $825,000 · Sold

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Here's 3862 Penzance Place in Carmel, IN 46032. This listing is closed, but I can still walk you through the details.

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Photo of 3862 Penzance Place, Carmel, IN

Sold — 3862 Penzance Place, Carmel, IN 460321 / 1

Quick read on the numbers:

$825,000

Sold

Beds

Baths

Sq ft

4,987

Built

1992

Acres

0.41

Here's what I think this home is worth:

FREE FROM SHELDON

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Key things to know

Sold 0.6% below list in 6 days
Fireplace
Finished basement (1,027 sqft)
3-car garage
Ashbrooke subdivision

From the listing

The first time to ever hit the open market in Carmel...seize this rare opportunity! This beautifully landscaped executive ranch home with a loft & basement on a cul-du-sac at the back of coveted Ashbrooke is a sanctuary. The view will draw you inside! So many updates make this home move-in ready. The updated kitchen with magnificent stone countertops, white cabinets and subway tile will make you proud to entertain. New windows, furnace, water softener, oven/stove and updated lighting throughout in the last 5 years allows you worry-free days! Enjoy Indiana's nights in the screened-in porch and on the expansive deck overlooking one of the neighborhood's ponds. Close proximity to restaurants/stores/465 makes this home a 10!

A few highlights from the feature list:

Interior

Bath Sinks Double MainCeiling VaultedKitchen IslandPaddle FanEat-in KitchenWet BarWood Work Painted

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

TAX ASSESSMENT

County assessed values for current year

Total Assessed Value

$726,400

Land Value

$193,100

Land$193,100

27% of total

Improvement Value

$533,300

Improvements$533,300

73% of total

Annual tax · 2023: $6,314
Exemption: Homestead

This home has sold:

Sold

$820,000

-$5,000 below list (-0.6%)

Closed: Jul 22, 2025
Listed at: $825,000
Sold: 10 months ago
Sold in: 6 days

Price history

Sold$820,000
Jul 22, 2025
Listedat $825,000
Jun 6, 2025

Ashbrooke · activity

past 6 months

Sold: 3
Median price: $740,000
Median DOM: 6 days

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 33% below median for similar nearby sales.

$740K$2.6MMedian $1.2M

$820K

A few places to dig deeper:

Ashbrooke Carmel Clay Schools

MLS# 22028610