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488 Chimney Rock Drive, Carmel, IN 46032

Here's 488 Chimney Rock Drive in Carmel, IN 46032. This listing is closed, but I can still walk you through the details.

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Front exterior at 488 Chimney Rock Drive, Carmel, INSold — 488 Chimney Rock Drive, Carmel, IN 460321 / 1

Quick read on the numbers:

$529,000

Sold
Beds

3

Baths

3

Sq ft

2,302

Built

2016

Acres

0.09

Here's what I think this home is worth:

FREE FROM SHELDON

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Key things to know

  • Sold 1.5% over list in 4 days
  • Fireplace
  • Cottages At Carmel subdivision

From the listing

Welcome to 488 Chimney Rock Drive at The Cottages of Carmel! This condo is an end unit and the first thing you will notice when you enter is all the beautiful light. The very next thing you will be the incredible cathedral ceilings. The open layout offers so much comfortable living space with the primary bedroom suite conveniently located on the main level and a large loft/flex space and 2 additional bedrooms on the second. Enjoy the 3 seasons room in the warmer months and get cozy by fireplace when its cooler. Updates include newer carpeting throughout bedrooms and 2nd level loft (upstairs areas have never been lived in), new dishwasher, tankless water heater, and updated landscaping. This home has been well cared for and is in pristine condition. The Cottages at Carmel are just minutes from the Arts & Design District, Monon Trail, The Palladium, The Carmel Farmers Market, and more. It is set in a low maintenance community that takes care of lawn care, mulch, sprinklers, snow removal, and common grounds. It really is a special place inside and out. You must see this one for yourself!

A few highlights from the feature list:

Interior

Attic AccessBath Sinks Double MainBreakfast BarBuilt-in FeaturesCathedral Ceiling(s)High CeilingsKitchen IslandEat-in KitchenPantrySmart ThermostatWalk-In Closet(s)Wood Work Painted

Exterior

Lighting

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

TAX ASSESSMENT

County assessed values for current year

Total Assessed Value

$486,700

Land Value

$130,000

Land$130,000

27% of total

Improvement Value

$356,700

Improvements$356,700

73% of total

Annual tax · 2024
$4,626
Exemption
Homestead

This home has sold:

Sold

$537,000

+$8,000 over list (1.5%)

Closed
Oct 3, 2025
Listed at
$529,000
Sold
7 months ago
Sold in
4 days

Price history

  1. Sold$537,000

    Oct 3, 2025

  2. Listedat $529,000

    Sep 18, 2025

Cottages At Carmel · activity

past 6 months

Sold
2
Median price
$475,000
Median DOM
147 days

A few similar homes that recently sold nearby:

Recent comparable sales

Same zip · similar size

  • 14411 Jeffrey Court

    $674,900

    14411 Jeffrey Court

    3bd · 2ba · 2,208 sqft

    Sold May 2026

  • 851 Ashdown Lane

    $605,294

    851 Ashdown Lane

    3bd · 4ba · 2,049 sqft

    Sold May 2026

  • 1361 Midway Court

    $402,000

    1361 Midway Court

    4bd · 3ba · 2,606 sqft

    Sold May 2026

  • 14811 Beacon Boulevard

    $419,900

    14811 Beacon Boulevard

    4bd · 3ba · 2,086 sqft

    Sold May 2026

  • 14530 Baldwin Lane

    $390,000

    14530 Baldwin Lane

    3bd · 3ba · 2,091 sqft

    Sold May 2026

Comparative value

5 comps in this range

This home is 28% above median for similar nearby sales.

$390K$675KMedian $420K
$537K

A few places to dig deeper:

Cottages At Carmel Carmel Clay Schools

MLS# 22063083

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