1125 Observatory Rd Martinsville, IN 46151
3
Beds
4
Baths
4,067
Sq Ft
11.25
Acres
Highlights
- 11.25 Acre Lot
- Breakfast Room
- 2 Car Attached Garage
- Ranch Style House
- Thermal Windows
- Tray Ceiling
About This Home
As of April 2020Eleven-plus acres of Brown County-like beauty and privacy between Martinsville and Mooresville. This home is in near perfect condition (2nd owner, lightly lived-in, only adults have resided here). Low maintenance as the entire exterior is brick. Interior is freshly painted, newer flooring throughout and ready for you to move in. Basement has a humongous Rec Room with a bar and a 16x18 room perfect for a fully furnished gym. The upper and lower levels each have incredible decks that run the entire length of the house and more. The lower deck has a metal roof so you enjoy the out-of-doors when it rains. Don't miss the gazebo and fire pit!
OPEN HOUSE scheduled for 02/23/2020 is canceled
Last Agent to Sell the Property
Carpenter, REALTORS® License #RB14018018 Listed on: 02/01/2020
Last Buyer's Agent
Patrick Bragg
F.C. Tucker Company
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,004
Year Built
- Built in 2003
Lot Details
- 11.25 Acre Lot
- Partially Fenced Property
Parking
- 2 Car Attached Garage
- Gravel Driveway
Home Design
- Ranch Style House
- Brick Exterior Construction
- Concrete Perimeter Foundation
Interior Spaces
- 4,067 Sq Ft Home
- Woodwork
- Tray Ceiling
- Gas Log Fireplace
- Thermal Windows
- Great Room with Fireplace
- Breakfast Room
- Attic Access Panel
- Fire and Smoke Detector
Kitchen
- Breakfast Bar
- Oven
- Electric Cooktop
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
Finished Basement
- Sump Pump
- Crawl Space
Utilities
- Forced Air Heating and Cooling System
- Septic Tank
Listing and Financial Details
- Assessor Parcel Number 550522400014003006
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 1, 2020
Closed on
Apr 3, 2020
Sold by
Eiteljorge Virgil E and Eiteljorge Theresa A
Bought by
Smoot James and Smoot Denise
Seller's Agent
Ben Mobley
Carpenter, REALTORS®
Buyer's Agent
Patrick Bragg
F.C. Tucker Company
List Price
$450,000
Sold Price
$429,500
Premium/Discount to List
-$20,500
-4.56%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.52%
Original Mortgage
$408,025
Interest Rate
3.4%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 31, 2007
Sold by
Bone John B and Bone Angi O
Bought by
Eiteljorge Virgil E and Eiteljorge Theresa A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,750
Interest Rate
6.31%
Mortgage Type
New Conventional
Similar Homes in Martinsville, IN
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Chicago Title Company Llc | |
| Warranty Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $343,500 | New Conventional | |
| Closed | $408,025 | New Conventional | |
| Previous Owner | $241,000 | New Conventional | |
| Previous Owner | $274,725 | FHA | |
| Previous Owner | $270,750 | New Conventional | |
| Previous Owner | $96,000 | Stand Alone Second |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/19/2025 07/19/25 | Price Changed | $699,900 | -1.4% | $182 / Sq Ft |
| 07/14/2025 07/14/25 | Price Changed | $709,900 | -0.7% | $185 / Sq Ft |
| 07/06/2025 07/06/25 | Price Changed | $715,000 | -1.4% | $186 / Sq Ft |
| 06/26/2025 06/26/25 | For Sale | $725,000 | +68.8% | $189 / Sq Ft |
| 04/13/2020 04/13/20 | Sold | $429,500 | -2.4% | $106 / Sq Ft |
| 02/21/2020 02/21/20 | Pending | -- | -- | -- |
| 02/11/2020 02/11/20 | Price Changed | $440,000 | -2.2% | $108 / Sq Ft |
| 02/01/2020 02/01/20 | For Sale | $450,000 | -- | $111 / Sq Ft |
Source: MIBOR Broker Listing Cooperative®
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $3,428 | $580,200 | $135,000 | $445,200 |
| 2023 | $3,209 | $564,800 | $135,000 | $429,800 |
| 2022 | $2,928 | $545,300 | $135,000 | $410,300 |
| 2021 | $2,269 | $459,400 | $110,600 | $348,800 |
| 2020 | $1,766 | $392,100 | $81,900 | $310,200 |
| 2019 | $1,651 | $340,300 | $81,900 | $258,400 |
| 2018 | $1,502 | $321,900 | $81,900 | $240,000 |
| 2017 | $1,474 | $320,000 | $81,900 | $238,100 |
| 2016 | $1,395 | $293,100 | $81,900 | $211,200 |
| 2014 | $1,054 | $287,300 | $81,900 | $205,400 |
| 2013 | $1,054 | $301,400 | $81,900 | $219,500 |
Source: Public Records
Agents Affiliated with this Home
-
Brittany McWilliams
B
Seller's Agent in 2025
Brittany McWilliams
Daniels Real Estate
(317) 695-7695
2 in this area
36 Total Sales
-
Ben Mobley
B
Seller's Agent in 2020
Ben Mobley
Carpenter, REALTORS®
1 in this area
34 Total Sales
-
P
Buyer's Agent in 2020
Patrick Bragg
F.C. Tucker Company
Map
Source: MIBOR Broker Listing Cooperative®
MLS Number: MBR21692859
APN: 55-05-22-400-014.003-006
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