Opportunity, this is the kind of property buyers wait for in Lake Carmel, where location, lifestyle, and long term upside come together in a way that is getting harder to find. Legally a 3 bedroom and currently configured as a 2 bedroom, this ranch offers a flexible layout that can easily be brought back to its original design or reimagined entirely depending on your vision. The eat in kitchen anchors the home and creates a natural starting point for what this space can become, while the overall footprint is simple, functional, and ready for someone to come in and make it their own. A full walkout basement adds another layer of potential, giving you the ability to create additional living space, a recreation area, or a completely reworked lower level that changes how the home lives day to day. Outside, a large deck extends the home and sets the tone for indoor outdoor living, entertaining, or quiet evenings overlooking the property. With coveted lake rights to Lake Carmel, the value here goes far beyond the structure itself, offering summer days by the water, a true neighborhood feel, and a lifestyle people actively seek out. The home does need updates, but for the right buyer this is where the opportunity is to create something special and build real equity over time. The property is nestled in a friendly community, with quick access to Southeast train station for easy commuting, and local shops and restaurants, and the scenic Lake Carmel Park District, all enhancing your living experience. Whether you're looking for a peaceful retreat or a home that keeps up with your active lifestyle, this is a perfect choice. *Taxes: $6,362.16 (school, no exemptions) + $3,635.69 (town & county) = $9,997.85 total annually. STAR exemption currently reduces school taxes; buyers to verify eligibility.*

Last Updated	4/16/2026	Year Built	1959
County	Putnam

SCHOOLS

Elementary School	Matthew Paterson Elementary School
Jr. High School	George Fischer Middle School
High School	Carmel High School

Additional Details

AIR	Wall/Window Unit(s)
AIR CONDITIONING	Yes
APPLIANCES	Oven, Refrigerator
BASEMENT	Full, Walk-Out Access
CONSTRUCTION	Unknown
HEAT	Hot Water, Oil, Steam
INTERIOR	Eat-in Kitchen
LOT	9265 sq ft
PARKING	Driveway
SEWER	Septic Tank
STYLE	Ranch
TAXES	9998
UTILITIES	Cable Available, Electricity Available, Electricity Connected, Phone Available, Water Available, Water Connected
WATER	Public, Private
WATERFRONT DESCRIPTION	Waterfront Access

Location

 

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