×
  • Left arrow.Go Back

  • Share

  • Add Note

  • Email to Friend

  • Ask a Question

  • Print

  • Heart Icon.Save

$375,000 $15,000on 10/31/2024

5850 Paradise Lane Martinsville, IN  46151

  • 2 Beds
  • 2 Baths
  • 2,316 sq. Ft

Video Chat

Schedule a Video Chat Tour

Property Description for 5850 Paradise Lane Martinsville, IN 46151

Amazing opportunity to own a home in a tranquil location, right on peaceful Paradise Lake! This home has so much potential, being a sought after all-brick ranch with solid bones and a full basement! The home has been well loved and maintained over the years, which means you won't have to worry about big ticket items. As soon as you walk in, you'll notice the open concept that leads you to a large picture window, with amazing views of the lake, and tons of natural light. The cozy fireplace is perfect for anchoring the living room and adds a warm touch in the colder months. The full basement offers a variety of uses and potential to make it what you want. There is a big daylight window that lets in light and a walk-out door that leads to the patio. Continue to utilize the space as a living area, or reconfigure it to make an additional bedroom. The utility room has a full bathroom as well and could be used as-is for a storage space, or rec room, or, reconfigure to create something to meet your specific needs. Outside is a water-lover's dream! Sit on the patio or out on the dock and enjoy the relaxing and quiet views, or have guests over and fully embrace the lake-life with swimming, fishing, and getting on the water to create memories and fun times. This is a unique property with tons of potential to create your dream house, and is a great candidate for a primary residence or lake side retreat!
QuickBuy option for home selling

Address:5850 Paradise Lane Martinsville IN 46151
Status:Active
on site: 48 days
Price:$375,000
Bedrooms:2 Beds
Bathrooms:2 Full Baths
Sq. Feet:2,316
Year Built:1967
Lot Size:0.19
County: Morgan
Township: Green
MLS #:22003781
Property Type:Single Family Residence

Lot Dimensions:8102
Lot Features:Rural - Subdivision, Mature Trees
Water Source:Municipal/City
Directions:GPS Friendly
Main Level Sq. Ft. :1,158
Total Sq. Ft. :2,316
Basement:Yes

Loan Price
$2,201
Price And Interest $1,956/month
Property Tax $89/month
MTG INS $0/month
HOME INS $156/month
Price
$375,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$89/month
Home Owner Insurance
$1,872 / year
HOA Dues
$43 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

DateOld PriceNew PricePercent Change
10/31/24 $390,000 $375,000 -3.85%

RoomSizeLevel
Living Room 16 x16 Main
Dining Room 14 x 9 Main
Kitchen 11 x 7 Main
Primary Bedroom 13 x 13 Main
Bedroom 2 12 x 9 Main
Family Room 21 x 21 Basement
Utility Room 21 x 17 Basement

Semi-Annual Property Tax:$532
Tax Year:2023
Other Disclosures:Estate
Mandatory HOA Fee:$515
HOA Fee Paid:Annually

Area: 5510 - Morgan - Green
Subdivision: Paradise Lake
Zip Code:46151

Middle School:John R. Wooden Middle School

Total Sq. Ft.:2,316
Interior Features:Attic Access, Bath Sinks Double Main, Hi-Speed Internet Availbl, Screens Complete, Supplemental Storage, Windows Vinyl, Wood Work Painted
Eating Area(s):Dining Combo/Family Room
Appliances:Electric Cooktop, Dryer, Electric Water Heater, Oven, Range Hood, Refrigerator, Washer
Exterior Features:Barn Mini
Exterior Type:Brick
Fireplace(s):Basement, Gas Log, Living Room, Masonry, Woodburning Fireplce
Cool:Central Electric
Heat:Forced Air, Gas
Water Heater:Electric Cooktop, Dryer, Electric Water Heater, Oven, Range Hood, Refrigerator, Washer
Total Rooms:7
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

Schedule a Video Chat Tour

Listing provided courtesy of Patrick Keller with CrestPoint Real Estate from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 09/29/2024 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
$159.41
Avg. $ / Sq.Ft.
$ 334,900
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 4235 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.