NOT LISTED FOR SALE

1509 S Lake Dr Martinsville, IN 46151

Estimated Value: $261,066 - $437,000

3 Beds
2 Baths
2,634 Sq Ft
$119/Sq Ft Est. Value

Last Sold July 31, 2017

Last sale price $150,000 $57 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $1,740/month

55 Days on Market

Highlights

  • Deck
  • Woodwork
  • 1-Story Property
  • Bay Window
  • Shed
  • Forced Air Heating and Cooling System

About This Home

As of July 2017

VERY NICE 3 BDRM 2 BATH UPDATED HOME IN THE LAKE COMMUNITY OF PAINTED HILLS WITH MANY LAKE ACTIVITIES, INCLUDING BOATING, FISHING SWIMING, CLUBHOUSE WITH RESTAURANT, AND PEACE & QUIET TO ENJOY ALL THE AMENITIES. THE HOME HAS MANY UPGRADES; SOME MECHINICAL(ELECTRIAL & PLUMBING) PAINT INTERIOR & EXTERIOR, CARPET, KITCHEN, & LANDSCAPING. BASEMENT IS A CLEAN SLATE, TO BE COMPLETED FOR EXTRA LIVING SPACE. BRING YOUR TOOTHBRUSH & PJ'S AND START ENJOYING THIS QUIET LAKE COMMUNITY. MOTIVATED SELLER

Last Agent to Sell the Property

Shirley Joiner

Salt Creek Realty License #RB14027000 Listed on: 05/12/2017

Last Buyer's Agent

Christopher Burke

Welcome Home Realty Group, LLC

Welcome Home Realty Group, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $54

Year Built

  • Built in 1979

Lot Details

  • 0.87 Acre Lot

Home Design

  • Block Foundation
  • Stone

Interior Spaces

  • 2,634 Sq Ft Home
  • 1-Story Property
  • Woodwork
  • Bay Window
  • Window Screens
  • Attic Access Panel
  • Fire and Smoke Detector

Kitchen

  • Oven
  • Electric Cooktop
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Laundry in Basement
  • Basement Window Egress
  • Basement Lookout

Parking

  • Garage
  • Gravel Driveway

Outdoor Features

  • Deck
  • Shed

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Septic Tank

Community Details

  • Association fees include clubhouse, parkplayground, pool
  • Painted Hills Subdivision
  • Property managed by Painted Hills HOA

Listing and Financial Details

  • Assessor Parcel Number 551407430003000012

Home Details

Home Type

Single Family

Est. Annual Taxes

$54

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Other
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2013
  • Year Built: 1979
  • Garage Y N: Yes
  • Lot Size Acres: 0.87
  • Subdivision Name: PAINTED HILLS
  • Inspection Warranties: Not Applicable
  • Property Description: VERY NICE 3 BDRM 2 BATH UPDATED HOME IN THE LAKE COMMUNITY OF PAINTED HILLS WITH MANY LAKE ACTIVITIES, INCLUDING BOATING, FISHING SWIMING, CLUBHOUSE WITH RESTAURANT, AND PEACE & QUIET TO ENJOY ALL THE AMENITIES. THE HOME HAS MANY UPGRADES; SOME MECHINICAL(ELECTRIAL & PLUMBING) PAINT INTERIOR & EXTERIOR, CARPET, KITCHEN, & LANDSCAPING. BASEMENT IS A CLEAN SLATE, TO BE COMPLETED FOR EXTRA LIVING SPACE. BRING YOUR TOOTHBRUSH & PJ'S AND START ENJOYING THIS QUIET LAKE COMMUNITY. MOTIVATED SELLER
  • Transaction Type: Sale
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Full, Unfinished, Daylight/Lookout Windows, Egress Window(s)
  • Appliances: Electric Cooktop, Dishwasher, Dryer, Oven, Refrigerator, Washer
  • Levels: One
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Interior Amenities: Attic Access, Screens Some, Window Bay Bow, Wood Work Stained
  • Living Area: 2634
  • Other Equipment: Smoke Detector, Sump Pump
  • Room Count: 6
  • Areas Interior: Laundry in Basement
  • Eating Area: Dining Combo/Kitchen,Dining Combo/Living Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 2
  • Sq Ft Main Upper: 1360
  • Main Level Sq Ft: 1360
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Total Sq Ft: 2634
  • Below Grade Sq Ft: 1274
  • Upper Level Sq Ft: 0
  • Pct Optional Level Finished: 0-25%
  • Optional Level Below Grade: Basement

Exterior Features

  • Construction Materials: Stone, Wood
  • Disclosures: Not Applicable
  • Exterior Features: Barn Mini, Barn Storage, Driveway Gravel
  • Foundation Details: Block
  • Association Maintained Building Exterior: 0
  • Porch: Deck Main Level

Garage/Parking

  • Fuel: Electric
  • Garage Parking Description: 1 Car Built In
  • Garage Parking Other: Storage Area,Workshop

Utilities

  • Sewer: Septic Tank
  • Cooling: Central Air
  • Heating: Forced Air, Heat Pump
  • Water Source: Public
  • Solid Waste: 1
  • Utility Options: Cable Available,High Speed Internet Avail
  • Water Heater: Electric

Condo/Co-op/Association

  • Association Fee Frequency: Monthly
  • Management Company Name: Painted Hills HOA

Fee Information

  • Association Fee Includes: Clubhouse, ParkPlayground, Pool
  • Mandatory Fee: 79

Lot Info

  • Property Attached Yn: No
  • Parcel Number: 551407430003000012
  • Acres: 1/2-1 Acre
  • Lot Information: Irregular,Tree Mature,Trees Small
  • Lot Number: 178C
  • Lot Size: 0.87

Green Features

  • Green Certification Y N: 0

Tax Info

  • Tax Annual Amount: 54
  • Semi Annual Property Tax Amt: 27
  • Tax Exemption: HomesteadTaxExemption,OtherTaxExemption/See Remarks

MLS Schools

  • School District: Nineveh-Hensley-Jackson

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2017
Closed on
Jul 31, 2017
Sold by
Rector Stephen L
Bought by
Tibbs Andrew J
Seller's Agent
Shirley Joiner
Salt Creek Realty
Buyer's Agent
Christopher Burke
Welcome Home Realty Group, LLC
List Price
$149,900
Sold Price
$150,000
Premium/Discount to List
$100
0.07%
Current Estimated Value
$314,517

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$164,517
Avg. Annual Appreciation
9.34%
Original Mortgage
$151,515
Outstanding Balance
$126,222
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$188,295

Purchase Details

Closed on
Jul 8, 2015
Sold by
Rector Stephen L and Rector Judy K
Bought by
Rector Stephen L

Purchase Details

Listed on
Apr 6, 2014
Closed on
Jul 11, 2014
Sold by
Thombleson Tim N and Thombleson Deedra E
Bought by
Rector Stephen L and Rector Judy K
Seller's Agent
Amanda Cox
Keller Williams Indy Metro S
Buyer's Agent
Shirley Joiner
Salt Creek Realty
List Price
$95,000
Sold Price
$72,000
Premium/Discount to List
-$23,000
-24.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.87%
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
Tibbs Andrew J -- Mvp National Title
Rector Stephen L -- None Available
Rector Stephen L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tibbs Andrew J $151,515
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/31/2017 07/31/17 Sold $150,000 +0.1% $57 / Sq Ft
07/07/2017 07/07/17 Pending -- -- --
07/07/2017 07/07/17 For Sale $149,900 0.0% $57 / Sq Ft
07/03/2017 07/03/17 Pending -- -- --
05/12/2017 05/12/17 For Sale $149,900 +108.2% $57 / Sq Ft
07/11/2014 07/11/14 Sold $72,000 -19.1% $30 / Sq Ft View Prior Sale
07/01/2014 07/01/14 Pending -- -- --
05/22/2014 05/22/14 Price Changed $89,000 -6.3% $37 / Sq Ft
04/06/2014 04/06/14 For Sale $95,000 -- $40 / 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 $1,026 $185,000 $35,000 $150,000
2023 $765 $175,700 $35,000 $140,700
2022 $679 $155,900 $35,000 $120,900
2021 $430 $120,900 $23,500 $97,400
2020 $359 $115,000 $23,500 $91,500
2019 $358 $113,100 $23,500 $89,600
2018 $290 $103,000 $23,500 $79,500
2017 $51 $70,100 $23,500 $46,600
2016 $53 $70,700 $23,500 $47,200
2014 $938 $129,700 $23,500 $106,200
2013 $938 $130,600 $24,400 $106,200
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2017

    Shirley Joiner

    Salt Creek Realty

    Section Image

  • C

    Buyer's Agent in 2017

    Christopher Burke

    Welcome Home Realty Group, LLC

    Section Image

  • A

    Seller's Agent in 2014

    Amanda Cox

    Keller Williams Indy Metro S

See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21485434

MIBOR Broker Listing Cooperative®

APN: 55-14-07-430-003.000-012

Indiana Morgan County Martinsville 46151

1509 S Lake Dr, Martinsville, IN

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