NOT LISTED FOR SALE

1589 Burton Ln Martinsville, IN 46151

Estimated Value: $215,383 - $238,000

3 Beds
1.5 Baths
2,674 Sq Ft
$85/Sq Ft Est. Value

Last Sold October 18, 2019

Last sale price $130,000 $49 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $1,493/month

108 Days on Market

Highlights

  • Traditional Architecture
  • Formal Dining Room
  • Forced Air Heating and Cooling System

About This Home

As of October 2019

Amazing Opportunity! 3 bedroom 1 ½ home that has been use as a commercial business for the last few years. This home can be used as a single family or commercial. Property has the character that will last a life time and will give any homeowner joy to have such an amazing part of Martinsville and to be close to shopping, entertainment and ST Rd 37. Home does have an over-size parking lot with tons of parking for guest or clients.

Last Agent to Sell the Property

Morris Lucas

eXp Realty, LLC License #RB14045525 Listed on: 04/10/2019

eXp Realty, LLC

Co-Listed By

Misty Lucas

eXp Realty, LLC License #RB14049360

Last Buyer's Agent

Michelle Chandler

Keller Williams Indy Metro S License #RB14035890

Keller Williams Indy Metro S

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1900

Lot Details

  • 0.33 Acre Lot

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Non-Functioning Fireplace
  • Formal Dining Room
  • Unfinished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 551309110003000021

Home Details

Home Type

Single Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2018
  • Year Built: 1900
  • Co List Office Phone: 317-888-9300
  • Garage Y N: No
  • Lot Size Acres: 0.332
  • Subdivision Name: NO SUBDIVISION
  • Inspection Warranties: Not Applicable
  • Property Description: Amazing Opportunity! 3 bedroom 1 ½ home that has been use as a commercial business for the last few years. This home can be used as a single family or commercial. Property has the character that will last a life time and will give any homeowner joy to have such an amazing part of Martinsville and to be close to shopping, entertainment and ST Rd 37. Home does have an over-size parking lot with tons of parking for guest or clients.
  • Transaction Type: Sale
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Unfinished
  • Appliances: Electric Oven,Refrigerator
  • Levels: Two
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Non Functional
  • Fireplaces: 1
  • Interior Amenities: Built In Book Shelves,Wood Work Stained
  • Living Area: 2674
  • Other Equipment: Not Applicable
  • Room Count: 8
  • Areas Interior: Bath Jack-n-Jill,Foyer Small
  • Eating Area: Formal Dining Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Sq Ft Main Upper: 2174
  • Main Level Sq Ft: 1379
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 1
  • Total Sq Ft: 2674
  • Below Grade Sq Ft: 500
  • Upper Level Sq Ft: 795
  • Pct Optional Level Finished: 0-25%

Exterior Features

  • Construction Materials: Vinyl Siding
  • Disclosures: Not Applicable
  • Exterior Features: Driveway Asphalt
  • Foundation Details: Block,Partial
  • List Price: 137500
  • Association Maintained Building Exterior: 0
  • Construction Stage: Resale
  • Porch: Deck Main Level,Covered Porch

Garage/Parking

  • Fuel: Gas
  • Garage Parking Description: None

Utilities

  • Sewer: Sewer Connected
  • Cooling: Central Air
  • Heating: Forced Air
  • Water Source: Public
  • Solid Waste: 0
  • Utility Options: Gas Connected
  • Water Heater: Gas

Lot Info

  • Property Attached Yn: No
  • Parcel Number: 551309110003000021
  • Acres: 1/4-1/2 Acre
  • Lot Information: Corner
  • Lot Number: 00
  • Lot Size: 125X140

Green Features

  • Green Certification Y N: 0

Tax Info

  • Tax Annual Amount: 4630
  • Semi Annual Property Tax Amt: 2315
  • Tax Exemption: None

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
Apr 10, 2019
Closed on
Oct 18, 2019
Sold by
Smith Phillip R and Smith Kitty A
Bought by
Wealth Management Llc
Seller's Agent
Morris Lucas
eXp Realty, LLC
Buyer's Agent
Michelle Chandler
Keller Williams Indy Metro S
List Price
$137,500
Sold Price
$130,000
Premium/Discount to List
-$7,500
-5.45%
Current Estimated Value
$227,846

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,846
Avg. Annual Appreciation
9.75%
Original Mortgage
$104,000
Interest Rate
3.7%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Wealth Management Llc -- Ctic
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Wealth Management Llc $104,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2019 10/18/19 Sold $130,000 -5.5% $49 / Sq Ft
07/28/2019 07/28/19 Pending -- -- --
04/10/2019 04/10/19 For Sale $137,500 -- $51 / 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 $3,135 $154,700 $46,200 $108,500
2023 $2,380 $126,100 $16,600 $109,500
2022 $2,015 $114,000 $16,600 $97,400
2021 $2,373 $128,800 $16,600 $112,200
2020 $2,397 $134,000 $16,600 $117,400
2019 $1,732 $92,300 $16,600 $75,700
2018 $2,406 $87,300 $16,600 $70,700
2017 $1,529 $80,800 $16,600 $64,200
2016 $2,223 $80,900 $16,600 $64,300
2014 $1,223 $79,900 $16,600 $63,300
2013 $1,223 $84,200 $16,600 $67,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21632127

MIBOR Broker Listing Cooperative®

APN: 55-13-09-110-003.000-021