$227,000
SOLD OCT 29, 2021

5570 Paradise Ct Martinsville, IN 46151

2 Beds
1 Bath
2,004 Sq Ft
0.28 Acres

Recently Sold

$113 Per Sq Ft

65 Days on Market

About This Home

As of July 2025

Wonderful water front home on Paradise Lake. This lake home has it all whether your entertaining or just relaxing. The back deck spans the entire width of the home and over looks the lake. The 16'x24' dock with boat slip is great to sunbathe, swim or fish off of and is large enough for all the lake toys. Full unfinished walkout basement that has plumbing roughed in for another bath. Open concept living room/kitchen with vaulted ceilings, hardwood floors and bar area. Large entry/foyer area that can be used for an office or family room. Heated and cooled finished garage/workshop for all your hobbies.

Last Agent to Sell the Property

Gregory Leugers

Keller Williams Indy Metro S License #RB14040373 Listed on: 07/29/2021

Keller Williams Indy Metro S

Co-Listed By

Robert Speas

Keller Williams Indy Metro S License #RB14044844

Last Buyer's Agent

Shelly Walters

F.C. Tucker Company

F.C. Tucker Company

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $434

Year Built

  • 1960

HOA Fees

  • $28 per month

Parking

  • Attached Garage

Additional Features

  • Deck
  • Heating System Uses Propane

Community Details

  • Property managed by Paradise Lake HOA
  • The community has rules related to covenants, conditions, and restrictions

Home Details

Home Type

Single Family

Est. Annual Taxes

$434

Year Built

1960

Lot Details

0

HOA Fees

$28 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Inspection Warranties: Other
  • Transaction Type: Sale
  • Accessibility Features YN: 0
  • Architectural Style: Ranch, TraditonalAmerican
  • Co List Office Mls Id: MBRKWIN14
  • Co List Office Phone: 317-738-4663
  • Directions: Highway 37 to Banta Rd (1st road south of 144). Left to Big Bend Rd (second 4 way stop). Right to Paradise Lake Rd. Left on Paradise Lake Rd and follow to "Y", angle right on Paradise Drive to Paradise Court
  • Garage Yn: Yes
  • New Construction: No
  • Property Attached Yn: No
  • Subdivision Name: PARADISE LAKE
  • Special Features: None
  • Year Built: 1960

Interior Features

  • Appliances: Dishwasher, Electric Oven, Refrigerator, MicroHood
  • Has Basement: Roughed In, Unfinished, Walk Out, Daylight/Lookout Windows
  • Areas Interior: Foyer Large,Laundry Closet,Laundry Room Main Level
  • Eating Area: None
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Sq Ft Main Upper: 1116
  • Main Level Sq Ft: 1116
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Kitchen Features: Kitchen Eat In,Pantry
  • Below Grade Sq Ft: 888
  • Upper Level Sq Ft: 0
  • Pct Optional Level Finished: 0-25%
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Built In Book Shelves, Vaulted Ceiling(s), Hardwood Floors, Wood Work Painted
  • Other Equipment: CO Detectors, Smoke Detector, Sump Pump, Programmable Thermostat, Water-Softener Owned

Exterior Features

  • Exterior Features: Driveway Gravel, Driveway Pavers, Fire Pit
  • Foundation Details: Block, Full
  • Association Maintained Building Exterior: 0
  • Porch: Deck Main Level
  • Construction Type: Cement Siding, Wood
  • Disclosures: Not Applicable

Garage/Parking

  • Fuel: Propane
  • Garage Parking Description: Attached
  • Garage Parking Other: Finished Garage,Heated
  • Garage Sq Ft: 228
  • Garage Spaces: 1

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Forced Air
  • Solid Waste: 0
  • Water Heater: Electric
  • Sewer: Septic Tank
  • Water Source: Public

Condo/Co-op/Association

  • Management Company Name: Paradise Lake HOA
  • H O A Disclosures: Covenants & Restrictions
  • Association Fee: 330
  • Association Fee Frequency: Annually

Fee Information

  • Association Fee Includes: Insurance, Maintenance

Lot Info

  • Acres: 1/4-1/2 Acre
  • Lot Information: Dock Owned,Lakefront,Tree Mature
  • Lot Number: 49
  • Lot Size: 12408

Green Features

  • Green Certification Y N: 0

Tax Info

  • Semi Annual Property Tax Amt: 217
  • Tax Exemption: HomesteadTaxExemption,MortageTaxExemption
  • Tax Annual Amount: 434
  • Tax Year: 2021

MLS Schools

  • School District: Martinsville MSD

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2024
Closed on
Sep 3, 2024
Sold by
Farrell Rita
Bought by
Hillman Damon and Wolfe Sydney
Seller's Agent
Hilda Rives- Princell
F.C. Tucker Company
Buyer's Agent
Lindsey Smalling
F.C. Tucker Company
List Price
$275,000
Sold Price
$276,750
Premium/Discount to List
$1,750
0.64%
Views
15

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.76%

Purchase Details

Listed on
Jul 29, 2021
Closed on
Oct 29, 2021
Sold by
Combs Dean A and Combs Rebecca S
Bought by
Farrell Rita
Seller's Agent
Gregory Leugers
Keller Williams Indy Metro S
Buyer's Agent
Shelly Walters
F.C. Tucker Company
Sold Price
$227,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.20%
Original Mortgage
$181,600
Interest Rate
3.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 10, 2017
Sold by
Combs Dean A
Bought by
Combs Dean A and Combs Rebecca S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,200
Interest Rate
3.88%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Deed $276,750 Title Services
Warranty Deed -- Denali T&E Agcy Inc
Interfamily Deed Transfer -- First American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $181,600 New Conventional
Previous Owner $104,200 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2025 07/09/25 Sold $300,000 -1.6% $269 / Sq Ft
06/06/2025 06/06/25 Pending -- -- --
06/03/2025 06/03/25 For Sale $305,000 +10.2% $273 / Sq Ft
09/03/2024 09/03/24 Sold $276,750 +0.6% $248 / Sq Ft
07/25/2024 07/25/24 Pending -- -- --
07/17/2024 07/17/24 For Sale $275,000 +21.1% $246 / Sq Ft
10/29/2021 10/29/21 Sold $227,000 0.0% $113 / Sq Ft
10/03/2021 10/03/21 Pending -- -- --
09/30/2021 09/30/21 For Sale -- -- --
09/21/2021 09/21/21 Off Market $227,000 -- --
09/21/2021 09/21/21 For Sale -- -- --
08/03/2021 08/03/21 Off Market $227,000 -- --
08/03/2021 08/03/21 Pending -- -- --
07/29/2021 07/29/21 For Sale $225,000 -- $112 / 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 $861 $189,300 $69,700 $119,600
2023 $811 $188,300 $69,700 $118,600
2022 $721 $179,700 $69,700 $110,000
2021 $472 $138,500 $47,500 $91,000
2020 $433 $134,800 $47,500 $87,300
2019 $420 $126,600 $47,500 $79,100
2018 $318 $110,100 $47,500 $62,600
2017 $311 $109,400 $47,500 $61,900
2016 $196 $85,600 $23,600 $62,000
2014 $109 $70,800 $23,600 $47,200
2013 $109 $70,800 $23,600 $47,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21802362

MIBOR Broker Listing Cooperative®

APN: 55-10-01-192-003.000-009