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$425,000   Price Analysis
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5855 Paradise Dr
Martinsville, IN 46151
3 bed 2 bath 1,724 SqFt ($246/SqFt)
1.05 acre lot. Built 1972
Listed 2024-05-01, HOA $21, Taxes $737
USDA Eligible
near Martinsville, IN
 

Welcome to a Paradise Lake Retrea t!

* Sale Pending *

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, ffering unparalleled tranquility and breathtaking views. Key Features: 3 Bedrooms + 2 Full Bathrooms + 612 Feet of Lake Frontage + Large Dock Discover a beautifully Contemporary 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 unlimited 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.


Presented by Angela Oakes at
Berkshire Hathaway HomeServices Indiana Realty.
Listing Agent Photo

Property MLS #21975134 from MIBOR

Bedrooms: 3
Bedrooms On Basement Level: 1
Bedrooms On Main Level: 2
Primary Bedroom Dimensions: 11 x 11
Bedroom 2 Dimensions: 11 x 10
Bedroom 3 Dimensions: 12 x 10
Primary Bedroom Level: Main
Bedroom 2 Level: Main
Bedroom 3 Level: Basement

Total Rooms: 9
Basement Features: Egress Window(s), Finished, Finished Ceiling, Finished Walls, Walk Out
Family Room Dimensions: 16 x 12
Living Room Dimensions: 20 x 16
Family Room Level: Basement
Living Room Level: Main

Total Bathrooms: 2
Full Bathrooms: 2
Full Bathrooms On Main Level: 1
Full Bathrooms On Basement Level: 1

Attic Access

Electric Cooktop
Dishwasher
Electric Water Heater
Disposal
MicroHood
Oven
Refrigerator
Water Softener Owned
Laundry Features: In Basement

Cooling Features: Central Electric
Fireplace Features: Family Room, Woodburning Fireplce
Heating Features: Forced Air
Heating Fuel: Propane Leased
Number of Fireplaces: 1

Breakfast Room Dimensions: 7 x 7
Breakfast Room Level: Main
Dining Area Description: Breakfast Room, Dining Combo/Kitchen, Dining Combo/Living Room, Formal Dining Room
Dining Room Dimensions: 7 x 12
Dining Room Level: Main
Kitchen Dimensions: 11 x 7
Kitchen Features: Kitchen Updated
Kitchen Level: Main

Barn Mini
Out Building With Utilities
Patio And Porch Features: Covered Patio, Porch Open

Additional Parcels Description: 551001138001000009 551001138003000009
Additional Parcels: Yes
Lot Description: Cul-De-Sac, Mature Trees, Wooded
Lot Size Acres: 1.05
Lot Size Square Feet: 45738

Boat Slip
Dock
Lake Privileges
Lake Front
On Reservoir
Water Access
Water View
Waterfront

Garage Spaces: 2
Parking Features: Attached, Gravel, Garage Door Opener, Guest Parking
Garage Sqft: 520

View: Lake, Trees/Woods
Other Equipment: Smoke Alarm

Association: Yes
Association Fee: 250
Association Fee Frequency: Annually
Association Fee Includes: Association Home Owners, Insurance, Maintenance
Calculated Total Monthly Association Fees: 21

Elementary School: Green Township Elementary School
High School: Martinsville High School
High School District: MSD Martinsville Schools
Middle School: John R. Wooden Middle School

Martinsville High School is a public high school located approximately 10.3 miles away.
directions icon Map directions

Green Township Elementary School is a public elementary school located approximately 4.3 miles away.
directions icon Map directions

John R. Wooden Middle School is a public middle school located approximately 11 miles away.
directions icon Map directions

Tax Block: B
Source Listing Status: Pending
County: Morgan
Directions: GPS Friendly
Tax Year: 2023
Source Property Type: Residential
Area: 5510 - Morgan - Green
Source Neighborhood: Paradise Lake
Parcel Number: 551001138002000009
Postal Code Plus 4: 8463
Subdivision: Paradise Lake
Township: Green
Property Subtype: Single Family Residence
Lot Number: 10
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2021$137,000 + $47,500
$184,500
$737
2020$123,900 + $47,500
$171,400
$640
2019$110,100 + $47,500
$157,600
$617
2018$99,300 + $47,500
$146,800
$537
2017$104,900 + $47,500
$152,400
$538
2016$104,900 + $23,900
$128,800
$434
2015$103,900 + $23,900
$127,800
$361
2014$102,900 + $23,900
$126,800
$357
2013$102,900 + $23,900
$126,800
$515
2012$103,800 + $23,900
$127,700
$327
2011$91,500 + $23,900
$115,400
$303
2010$91,500 + $23,900
$115,400
$278
2009$95,400 + $23,900
$119,300
$274
2008$100,200 + $23,900
$124,100
$284

Listed 2024-05-01
$425,000
MIBOR

Total Square Feet Living: 1724
Year Built: 1972
BelowGradeFinishedArea: 554
Construction Materials: Cedar, Stone
Direction Faces: West
Foundation Details: Block
Levels: Two
Property Age: 52
Property Condition: Updated/Remodeled
Total Area Main: 1170
Architectural Style: TraditonalAmerican

Electric: 200+ Amp Service
Electricity Connected
Septic System
Water Connected
Water Source: Municipal/City
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.