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(SOLD) $405,000

5855 Paradise Drive Martinsville, IN  46151

  • 3 Beds
  • 2 Baths
  • 1,724 sq. Ft

Property Description for 5855 Paradise Drive Martinsville, IN 46151

Welcome to a Paradise Lake Retreat! Escape to your own private oasis on this exclusive peninsula nestled on Paradise Lake in Martinsville. This exquisite property boasts 1.05 acres of pristine land, offering unparalleled tranquility and breathtaking views. Key Features: 3 Bedrooms + 2 Full Bathrooms + 612 Feet of Lake Frontage + Large Dock Discover a beautifully New Interior and Exterior Paint + Garage Floor Covering + Recently Remodeled Bathroom + Cozy Fireplace + Spacious Living Areas + Covered walkout basement patio. Enjoy the serenity of Paradise Lake, an electric motor-only lake, where the sounds of nature abound and the hustle of everyday life fades away. Whether you're fishing off the dock, kayaking on the crystal-clear waters, or simply unwinding on the shore, this property offers endless opportunities for relaxation and recreation. This home is the epitome of lakefront living, with a cozy living area perfect for entertaining guests. Recent updates include a new furnace and water heater, ensuring comfort and efficiency year-round. This lot is arguably the best on the lake. Dont miss your chance.
QuickBuy option for home selling

Address:5855 Paradise Drive Martinsville IN 46151
Status:Sold
Sold On: 6/14/2024
Price:$425,000
Bedrooms:3 Beds
Bathrooms:2 Full Baths
Sq. Feet:1,724
Year Built:1972
Lot Size:1.05
County: Morgan
Township: Green
MLS #:21975134
Property Type:Single Family Residence

Lot Dimensions:45651
Lot Features:Cul-De-Sac, Mature Trees, Wooded
Water Source:Municipal/City
Directions:GPS Friendly
Main Level Sq. Ft. :1,170
Total Sq. Ft. :1,724
Basement:Yes

Loan Price
$2,420
Price And Interest $2,113/month
Property Tax $138/month
MTG INS $0/month
HOME INS $169/month
Price
$405,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$138/month
Home Owner Insurance
$2,028 / year
HOA Dues
$21 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

RoomSizeLevel
Living Room 20x16 Main
Dining Room 7x12 Main
Kitchen 11x7 Main
Breakfast Room 7x7 Main
Bedroom 2 11x10 Main
Primary Bedroom 11x11 Main
Bedroom 3 12x10 Basement
Utility Room 11x9 Basement
Family Room 16x12 Basement

Semi-Annual Property Tax:$828
Tax Year:2023
Other Disclosures:None, Defects/None Noted
Mandatory HOA Fee:$250
HOA Fee Paid:Annually

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

Total Sq. Ft.:1,724
Interior Features:Attic Access
Interior Area(s):Laundry in Unit
Eating Area(s):Breakfast Room, Dining Combo/Kitchen, Dining Combo/Living Room, Formal Dining Room
Appliances:Electric Cooktop, Dishwasher, Electric Water Heater, Disposal, MicroHood, Oven, Refrigerator, Water Softener Owned
Equipment:Smoke Alarm
Exterior Features:Barn Mini, Out Building With Utilities
Exterior Type:Cedar, Stone
Fuel:Propane Leased
Fireplace(s):Family Room, Woodburning Fireplce
Cool:Central Electric
Heat:Forced Air
Water Heater:Electric Cooktop, Dishwasher, Electric Water Heater, Disposal, MicroHood, Oven, Refrigerator, Water Softener Owned
Total Rooms:9
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

Listing provided courtesy of Angela Oakes with Berkshire Hathaway Home from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 04/29/2024 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 4309 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.