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(SOLD) $275,000

5870 Paradise Lane Martinsville, IN  46151

  • 2 Beds
  • 2 Baths
  • 1,230 sq. Ft

Property Description for 5870 Paradise Lane Martinsville, IN 46151

Welcome back to this exceptional home, now available again after the previous buyer's change of plans. This charming 2 bedroom, 1.5 bath house offers a serene lake view and direct lake access, creating an idyllic setting for lakeside living. The open concept floorplan seamlessly integrates the living, dining, and kitchen areas, fostering a spacious and inviting atmosphere ideal for both entertaining and everyday relaxation. In the kitchen, granite countertops, ample cabinetry, and a convenient breakfast bar provide both style and functionality, while a skylight bathes the space in natural light. Highlighted is the 4-season sunroom, boasting panoramic views of the lake and serving as a tranquil retreat throughout the year. All appliances, including the washer and dryer, are included, making this property move-in ready for its new owners. During its brief time off the market, the sellers completed extensive repairs and upgrades, ensuring the home is now in pristine condition for its next owner. All repairs were completed in May 2024, guaranteeing freshness and quality throughout. Highlights include a new roof set to be installed before closing, serviced HVAC system with a "clean bill of health," new water heater and furnace, remediated attic and crawl space for a healthy environment, a new 6 mm vapor barrier enhancing insulation, upgraded garage door opener for convenience, new GFCI outlets ensuring electrical safety, and a professionally pumped septic system. With these comprehensive updates, this turnkey home is ready for its new owner to move in and enjoy. Don't miss this opportunity to own a meticulously maintained property in a desirable location; schedule your showing today!

Address:5870 Paradise Lane Martinsville IN 46151
Status:Sold
Sold On: 7/10/2024
Price:$275,000
Bedrooms:2 Beds
Bathrooms:1 Full Baths, 1 Half Baths
Sq. Feet:1,230
Year Built:1968
Lot Size:0.13
County: Morgan
Township: Green
MLS #:21974787
Property Type:Single Family Residence

Lot Dimensions:5576
Lot Features:Rural - Subdivision, Mature Trees
Water Source:Municipal/City
Directions:Take SR 37 south from SR 144 to Waverly Rd. Go left to "T" at Big Bend R, go left to Paradise Lake Rd, turn right - Follow to Paradise Lake Sign. Bear right & stay on blacktop until "T", go left to house on Rt
Main Level Sq. Ft. :1,230
Total Sq. Ft. :1,230

Loan Price
$1,684
Price And Interest $1,435/month
Property Tax $134/month
MTG INS $0/month
HOME INS $115/month
Price
$275,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$134/month
Home Owner Insurance
$1,380 / year
HOA Dues
$28 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

RoomSizeLevel
Living Room 16x14 Main
Kitchen 16x09 Main
Laundry 09x07 Main
Primary Bedroom 13x10 Main
Bedroom 2 12x10 Main
Sun Room 20x11 Main

Semi-Annual Property Tax:$805
Tax Year:2023
Other Disclosures:Defects/None Noted, Sales Disclosure On File
Mandatory HOA Fee:$330
HOA Fee Paid:Annually

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

Total Sq. Ft.:1,230
Interior Features:Bath Sinks Double Main, Breakfast Bar, Paddle Fan, Hardwood Floors, Hi-Speed Internet Availbl, Eat-in Kitchen, Skylight(s), Wood Work Painted, Wood Work Stained
Eating Area(s):Dining Combo/Living Room
Appliances:Dishwasher, Dryer, Electric Water Heater, MicroHood, Electric Oven, Refrigerator, Washer
Equipment:Smoke Alarm, Sump Pump
Exterior Features:Barn Mini
Exterior Type:Aluminum Siding, Vinyl Siding
Fuel:Propane Leased
Cool:Central Electric
Heat:Gas, Propane
Water Heater:Dishwasher, Dryer, Electric Water Heater, MicroHood, Electric Oven, Refrigerator, Washer
Total Rooms:5
Lindsey Smalling, REALTOR®/Broker, F. C. Tucker Company
Lindsey Smalling
Phone (317) 435-5914
Additional Phone (317) 210-9570
F.C. Tucker Company
Alicia McAvene, REALTOR®/Broker, F. C. Tucker Company
Co-Listing Agent
Alicia McAvene
(317) 797-2925
The Smalling Group

Listing provided courtesy of Lindsey Smalling with F.C. Tucker Company from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 04/18/2024 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 4296 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.