Cynthia Marchant’s Blog

Cheswick Place located west of Spring Mill and north of 136th (Smokey Row) is a classic neighborhood of custom built homes and beautiful grounds.  The subdivision was developed by Ray Roehling in 1996, with most of the homes being built in the late 1990s and early 2000s.    There are a few homes on Broad Meadow and on Princeton Gate that were even built as late as 2006.

There are 164 homes in this subdivision.  Over the last year, six homes have sold and there are currently seven on the market.  That is a one year absorption rate.  Of the homes sold, all them had at least five bedrooms and four full baths and over 4,000 sq ft without the basement.  All of the basements were over 2,000 sq ft making these very large homes in Carmel.  Almost all of them had four car garages as well.  The price per sq ft of the homes sold was $136 and the days on market were on the average less than 30 days.

Currently there are seven homes on the market with an average price per sq ft of $148 and one of those seven is a distressed property.  We can definitely see a change in the market as we look at days on the market; most are all well over 30 with one on Sable Run at nearly a year on the market.

Overall prices for homes in Cheswick currently on the market are $575,000 up to $700,000.  If you’d like to see a home or know more about the homes available, please contact your Carmel Realtor!

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Cindy “in Indy” Marchant - Carmel Real Estate Agent
Keller Williams Realty Indy Metro NE
Carmel IN Real Estate Website
317-290-7775