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$1,980,000 $315,000on 5/31/2024

565 E William And Mary Drive Martinsville, IN  46151

  • 6 Beds
  • 7 Baths
  • 9,366 sq. Ft

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Property Description for 565 E William And Mary Drive Martinsville, IN 46151

Tucked away in the serene, wooded hills of southern Indiana, a majestic private 43-acre estate awaits, offering an oasis of tranquility and grandeur. This splendid property, currently serving as a retreat house, boasts expansive spaces designed for luxury living and entertainment. The estate features five enchanting fireplaces and numerous porches that blend seamlessly with the natural surroundings, including a spacious screened-in porch adjacent to the family room and kitchen, another in the primary bedroom, and one leading out from the walk-out basement. The main level presents three distinct living areas, each inviting with its unique charm. Ascend to the upper level to discover an inviting primary suite, complete with a cozy sitting area, a warm fireplace, and ample opportunity to expand the closet space further. Additionally, two more ensuite bedrooms on this level offer privacy and comfort. The lower level reveals a walk-out design with a bar/kitchenette, living room, two additional bedrooms, and a large laundry area, ensuring convenience and functionality. High ceilings, reaching 10 feet on both the first and second floors, amplify the sense of spaciousness and luxury. The outdoor area is nothing short of a dream, featuring a vast pond teeming with carp, bluegill, and bass. With 5 miles of trails crisscrossing the property, outdoor adventures are just steps away. Relaxation and leisure are catered to with a hot tub, fire pit, and a horse barn with two stalls and a loft, making this estate a haven for nature lovers and equestrians alike. The property is equipped with three geothermal units, ensuring eco-friendly living and comfort throughout the seasons. Its location offers convenient access to I-69 and I-67, placing you within easy reach of urban amenities while providing a secluded and peaceful living experience. This estate represents a unique opportunity to own a piece of paradise, blending opulent living with the beauty of southern Indiana's landscape.
QuickBuy option for home selling

Address:565 E William And Mary Drive Martinsville IN 46151
Status:Active
on site: 264 days
Price:$1,980,000
Bedrooms:6 Beds
Bathrooms:6 Full Baths, 1 Half Baths
Sq. Feet:9,366
Year Built:2000
Lot Size:42.91
County: Morgan
Township: Washington
MLS #:21965648
Property Type:Single Family Residence

Lot Dimensions:1869159
Lot Features:Mature Trees, Wooded
Water Source:Private Well
Directions:From downtown Martinsville, head North on N Main St. that continues onto Blue Bluff Rd for approx 3 miles, Right on William Mary Dr.
Main Level Sq. Ft. :3,778
Upper Level Sq. Ft. :1,810
Total Sq. Ft. :9,366
Basement:Yes

Loan Price
$11,154
Price And Interest $10,329/month
Property Tax $0/month
MTG INS $0/month
HOME INS $825/month
Price
$1,980,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$0/month
Home Owner Insurance
$9,900 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

DateOld PriceNew PricePercent Change
05/31/24 $2,295,000 $1,980,000 -13.73%

RoomSizeLevel
Kitchen 19x20 Main
Primary Bedroom 27x24 Upper
Bedroom 2 23x13 Upper
Bedroom 3 18x13 Upper
Bedroom 4 13x20 Basement
Bedroom 5 17x13 Basement
Great Room 26x20 Main
Dining Room 22x20 Main
Breakfast Room 17x9 Main
Family Room 20x21 Main
Office 14x12 Main
Kitchen 16x12 Basement
Family Room 20x28 Basement
Office 16x14 Basement
Bonus Room 12x15 Basement
Dining Room 18x14 Main
Bedroom 6 11x15 Basement

Semi-Annual Property Tax:$000
Tax Year:2023
Mandatory HOA Fee:$

Area: 5512 - Morgan - Washington
Subdivision: No Subdivision
Zip Code:46151

Total Sq. Ft.:9,366
Interior Features:Breakfast Bar, Entrance Foyer, Hardwood Floors, Pantry, Walk-in Closet(s), Windows Wood, WoodWorkStain/Painted
Eating Area(s):Breakfast Room, Formal Dining Room
Appliances:Gas Cooktop, Dishwasher, Dryer, Disposal, Humidifier, Microwave, Double Oven, Convection Oven, Gas Oven, Range Hood, Refrigerator, Free-Standing Freezer, Tankless Water Heater, Trash Compactor, Washer, Water Heater, Water Purifier, Water Softener Owned
Equipment:Smoke Alarm
Exterior Features:Barn Storage, Water Feature Fountain
Exterior Type:Brick
Fuel:Propane Owned
Fireplace(s):Gas Starter, Great Room, Living Room
Cool:Geothermal
Heat:Geothermal
Water Heater:Gas Cooktop, Dishwasher, Dryer, Disposal, Humidifier, Microwave, Double Oven, Convection Oven, Gas Oven, Range Hood, Refrigerator, Free-Standing Freezer, Tankless Water Heater, Trash Compactor, Washer, Water Heater, Water Purifier, Water Softener Owned
Total Rooms:17
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

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Listing provided courtesy of Carrie Holle with Compass Indiana, LLC from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 02/28/2024 12:00 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.





Martinsville Market Report

169
Avg. DOM
$159.55
Avg. $ / Sq.Ft.
$ 335,675
Med. List Price

The house prices in Martinsville are indeed dropping at the moment. There has been a decrease in price of $4,226.84. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

The housing market and house prices in Martinsville are going Down. The average house price is $344,000.00 and the average price per square feet is $159.25 per square feet. At the moment, the amount of homes listed is exactly 401 houses, with 92 with active status, 40 with pending status and 269 sold in Martinsville .

The most popular place to buy a home in Martinsville is 5512 - Morgan - Washington. 5512 - Morgan - Washington is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in Martinsville .

The average amount of property taxes you would have to pay for a home in Martinsville is $1,781.65. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.

Properties in Martinsville are staying listed for an average of 76 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.

The last home listed in Martinsville was 1303 minutes ago.

At the moment we have 6 open houses that you can visit.

The cost of the most expensive home in Martinsville is $1,980,000.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.

The cost of the cheapest home in Martinsville is $90,000.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.

The date of the oldest built home in Martinsville in year 1859 and the newest built house is in year 2025.

The average size of properties in Martinsville is 2790.98 sq.ft. , the biggest one being 10191 sq.ft. and the smaller being 0 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.