NOT LISTED FOR SALE

1355 Observatory Rd Martinsville, IN 46151

Estimated Value: $406,000 - $449,000

3 Beds
3 Baths
2,520 Sq Ft
$171/Sq Ft Est. Value

Last Sold March 22, 2019

Last sale price $240,000 $95 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $2,404/month

3 Days on Market

About This Home

As of March 2019

Enjoy quiet country living in this well maintained 2500 sq ft home on over 6 acre lot! This home has plenty of storage space with the 30x24 pole barn and there is a couple of other storage barns. Huge great room with wood burning stove is perfect for gatherings. Kitchen has lots of cabinets, 2 pantry's and granite countertops. Master is on the main floor and has walk in closets and full bath. Private deck off of upstairs bedroom. All rooms are nice size. Enjoy outdoor living from your covered front porch or your back patio with hot tub. New heat pump was installed in 2018. If you like gardening you will love the greenhouse. Lot is partially wooded with mature trees. Master suite, new windows, roof and pole barn in 2012.

Last Agent to Sell the Property

Angela Abraham

The Modglin Group License #RB14043536 Listed on: 02/27/2019

Co-Listed By

James Abraham

The Modglin Group License #RB17000637

Last Buyer's Agent

Don Whitesell

Carpenter, REALTORS®

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $778

Year Built

  • 1985

Lot Details

  • 6.24

Parking

  • Detached Garage

Interior Spaces

  • Combination Dining and Living Room

Home Details

Home Type

Single Family

Est. Annual Taxes

$778

Year Built

1985

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Architectural Style: Contemporary
  • Co List Office Mls Id: MBRKWIN10
  • Co List Office Phone: 765-342-5500
  • Directions: St Rd 67 N to Observatory Rd follow to home on left
  • Garage Yn: Yes
  • New Construction: No
  • Property Attached Yn: No
  • Subdivision Name: NO SUBDIVISION
  • Special Features: None
  • Year Built: 1985

Interior Features

  • Appliances: None
  • Fireplace Features: Free Standing
  • Areas Interior: Laundry Room Main Level,Utility Room
  • Eating Area: Dining Combo/Living Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 2
  • Sq Ft Main Upper: 2520
  • Main Level Sq Ft: 1560
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Master Bedroom Description: Closet Walk in,Shower Stall Full
  • Kitchen Features: Pantry
  • Below Grade Sq Ft: 0
  • Upper Level Sq Ft: 960
  • Optional Level Below Grade: No Basement
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplaces: 1
  • Interior Amenities: Walk-in Closet(s), Wood Work Painted, Wood Work Stained
  • Other Equipment: Hot Tub, Security Alarm Paid, Smoke Detector

Exterior Features

  • Exterior Features: Barn Mini, Barn Pole, Barn Storage, Driveway Gravel
  • Foundation Details: Slab
  • Association Maintained Building Exterior: 0
  • Porch: Deck UP,Covered Porch
  • Construction Type: Vinyl Siding
  • Disclosures: Not Applicable

Garage/Parking

  • Fuel: Electric
  • Garage Parking Description: Detached
  • Garage Parking Other: Workshop,Other
  • Garage Spaces: 2

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Heat Pump
  • Solid Waste: 0
  • Water Heater: Electric
  • Sewer: Private Sewer
  • Water Source: Public

Lot Info

  • Acres: 5-10 Acres
  • Lot Number: 0
  • Lot Size: 272,119

Green Features

  • Green Certification Y N: 0

Tax Info

  • Semi Annual Property Tax Amt: 389
  • Tax Exemption: HomesteadTaxExemption,MortageTaxExemption
  • Tax Annual Amount: 778
  • Tax Year: 2018

MLS Schools

  • School District: Martinsville MSD
  • Schools: Bell Intermediate Academy,John R. Wooden Middle,Martinsville High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2019
Closed on
Mar 22, 2019
Sold by
Smith Willard E and Smith Joyce Ann
Bought by
Walters Timothy J and Walters Christy L
Seller's Agent
Angela Abraham
The Modglin Group
Buyer's Agent
Don Whitesell
Carpenter, REALTORS®
List Price
$250,000
Sold Price
$240,000
Premium/Discount to List
-$10,000
-4%
Current Estimated Value
$430,951

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$190,951
Avg. Annual Appreciation
9.26%
Original Mortgage
$228,000
Outstanding Balance
$200,451
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$230,500

Purchase Details

Closed on
Nov 29, 2012
Sold by
Smith Willard E and Smith Joyce Ann
Bought by
Smith Willard E and Smith Joyce Ann
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Walters Timothy J -- First American Mortgage Sln
Smith Willard E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Walters Timothy J $228,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/22/2019 03/22/19 Sold $240,000 -4.0% $95 / Sq Ft
03/02/2019 03/02/19 Pending -- -- --
02/26/2019 02/26/19 For Sale $250,000 -- $99 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

Tax History Compared to Growth

Source: Public Records

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 $1,771 $308,800 $113,700 $195,100
2023 $1,644 $294,700 $113,700 $181,000
2022 $1,412 $276,400 $113,700 $162,700
2021 $1,050 $223,700 $91,300 $132,400
2020 $856 $206,000 $70,300 $135,700
2019 $816 $183,600 $70,300 $113,300
2018 $745 $174,700 $70,300 $104,400
2017 $733 $173,800 $70,300 $103,500
2016 $778 $174,300 $70,300 $104,000
2014 $603 $173,700 $70,300 $103,400
2013 $603 $180,200 $70,300 $109,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21622741

MIBOR Broker Listing Cooperative®

APN: 55-05-22-400-009.000-006