2 months on rocket

5850 Paradise Ln, Martinsville, IN, 46151

$375,000

Home List Price

$4,453*

Closing Credit

2 Bedrooms
2 Full Baths
2,316 SqFt
$162/SqFt
House

Location

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5850 Paradise Ln, Martinsville$375,000

Buyer Closing Credits

$4,453*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1967
HeatingForced Air, Natural Gas
CoolingCentral Air
BasementYes
FireplaceBasement, Gas Log, Living Room, Masonry, Woodburning Fireplce
MLS #22003781
Lot Size0.19 Acres
StatusActive

About 5850 Paradise Ln

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!

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch, TraditonalAmerican
  • Year Built: 1967
  • Living Area: 2,316 SqFt

Listing Office:

  • Office Name: CrestPoint Real Estate
  • Office Email: patrick@CrestPointIndy.com
  • Listing Agent: Patrick Keller

Interior Features

Interior Information:

  • Appliances: Electric Cooktop, Dryer, Electric Water Heater, Oven, Range Hood, Refrigerator, Washer
  • Basement: Yes
  • Interior: Attic Access, Bath Sinks Double Main, Hi-Speed Internet Availbl, Screens Complete, Supplemental Storage, Windows Vinyl, Wood Work Painted
  • Fireplace: Basement, Gas Log, Living Room, Masonry, Woodburning Fireplce

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Exterior: Barn Mini

Lot Features

Lot Information:

  • Lot Size: 0.19 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air

Other

Directions Information:

  • Directions: GPS Friendly

Price Information

Listing Price Info

Price Summary:

  • List Price: $375,000
  • Price Per SqFt: $162/SqFt

HOA Fees:

  • Amount: $515
  • Frequency: Annually

Tax Information:

  • Annual Amount: $617
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Martinsville, IN.

Med. Sold Price

$270K

Med. Price/SqFt

$154

Avg. Days On Market

52

# of Sold Homes

25

5850 Paradise Ln vs Martinsville

82 DAYS ON ROCKET

+30 Days

$375,000

+$105K More

$162/SqFt

+$8 More

KEY TAKEAWAY

This property is $105K more than the Median Sold Price and $8/SqFt more than other homes in Martinsville, IN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MIBOR
  • MLS Number: #22003781

Listing Office:

  • Office Name: CrestPoint Real Estate
  • Office Email: patrick@CrestPointIndy.com
  • Listing Agent: Patrick Keller

IDX Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.

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.

Copyright ©2024 MIBOR REALTOR® Association. All rights reserved. Information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information submitted to the Broker Listing Cooperative listing service. All information provided is deemed reliable but is not guaranteed and should be independently verified. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. 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.

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The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 9:16:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$617$169,900
2019$537$156,200
2017$564$151,600

History based on county public records data.

Payment Calculator

$1,981

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,191

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-796711
6
/10
  • Waverly Elementary School

  • 8525 Waverly Rd

  • 2.83 miles

  • Public District Grades PK-6

school-card-donut-796712
6
/10
  • Walnut Grove Elementary School

  • 4079 North Morgantown Rd

  • 4.07 miles

  • Public District Grades KG-5

school-card-donut-796713
7
/10
  • Green Township Elementary School

  • 6275 Maple Grove Rd

  • 4.23 miles

  • Public District Grades KG-4

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $67,281. The majority of Martinsville, IN residents have income between $35k-100k annually. The majority of families are married, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5850 Paradise Ln

What is the listing price of this property?

The listing price of 5850 Paradise Ln property is $375,000.

What type of property is this?

The property 5850 Paradise Ln is a house located in Martinsville, Indiana, 46151.

Is this property for sale now?

Active Listing: 5850 Paradise Ln is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $617 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 5850 Paradise Ln has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 5850 Paradise Ln is 2,316 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5850 Paradise Ln is 1967.

Rocket HomesIndianaMorgan CountyMartinsville461515850 Paradise Ln

This home is located at 5850 Paradise Ln in Martinsville, IN and zip code 46151. This 2,316 square foot home, which was built in 1967, sits on a 0.19 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 30, 2024 and is currently priced at $375,000.

In November 2024 more than 7 listings in Martinsville, IN were sold above the asking price. During the same period more than 7 listings were sold at asking price, while more than 11 were sold below. In November 2024 in Martinsville, IN there were 11.1% less homes for sale than in October 2024. In November 2024, listings were on the market for 52 days. During the same period, the median list price in this real estate market was $270,000.

From Rocket Homes Real Estate and based on county public records data.

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