$300,000
SOLD JUL 9, 2025

5570 Paradise Ct Martinsville, IN 46151

2 Beds
1 Bath
1,116 Sq Ft
0.27 Acres

Recently Sold

$269 Per Sq Ft

2% Below List Price

3 Days on Market

Highlights

  • Lake Front
  • Home fronts a pond
  • Mature Trees
  • Water Access
  • Lake Privileges
  • Ranch Style House

About This Home

As of July 2025

Welcome to this charming lakefront ranch on Paradise Lake, nestled on a quiet cul-de-sac and offering peaceful living with stunning waterfront views. This beautifully maintained 2-bedroom, 1-bath home features a grand foyer entry and an open, inviting layout perfect for everyday living or weekend escapes. The completely updated kitchen showcases new cabinetry, modern countertops, a stylish backsplash, and a brand-new refrigerator - plus all appliances stay. Relax in the cozy living room with a fireplace and built-in entertainment system, ideal for both quiet nights in and entertaining guests. Both bedrooms are bright and airy, providing comfortable personal spaces. The unfinished basement offers endless potential and is already plumbed for a second bathroom. Enjoy outdoor living to the fullest in the fully fenced backyard, complete with custom kayak racks, a deck that spans the entire back of the house, and your very own 16' x 24' private dock with a boat slip right on Paradise Lake. The exterior has been completely painted, and the deck has been power washed and prepped for staining, making it ready for your personal touch. This is your opportunity to live the lake life - tranquil, updated, and move-in ready!

Last Agent to Sell the Property

Lindsey Smalling

F.C. Tucker Company License #RB14038038 Listed on: 06/03/2025

F.C. Tucker Company

Co-Listed By

Sydney Wolfe

F.C. Tucker Company

Last Buyer's Agent

Darla Hubble

Trusted Realty Partners of Ind License #RB23001029

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $860

Year Built

  • Built in 1960

Lot Details

  • 0.27 Acre Lot
  • Home fronts a pond
  • Lake Front
  • Cul-De-Sac
  • Mature Trees

HOA Fees

  • $38 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Property Views

  • Lake
  • Woods

Home Design

  • Ranch Style House
  • Block Foundation
  • Wood Siding
  • Cement Siding

Interior Spaces

  • 1,116 Sq Ft Home
  • Woodwork
  • Cathedral Ceiling
  • Paddle Fans
  • Self Contained Fireplace Unit Or Insert
  • Entrance Foyer
  • Living Room with Fireplace
  • Wood Flooring
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Electric Oven
  • Range Hood
  • Built-In Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Laundry on main level

Unfinished Basement

  • Exterior Basement Entry
  • Sump Pump

Outdoor Features

  • Water Access
  • Lake Privileges
  • Fire Pit

Schools

  • Green Township Elementary School
  • John R. Wooden Middle School
  • Bell Intermediate Academy
  • Martinsville High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Propane
  • Electric Water Heater

Community Details

  • Association fees include insurance, maintenance
  • Paradise Lake Subdivision
  • Property managed by Paradise Lake HOA
  • The community has rules related to covenants, conditions, and restrictions

Listing and Financial Details

  • Legal Lot and Block 49 / A
  • Assessor Parcel Number 551001192003000009
  • Seller Concessions Not Offered

Home Details

Home Type

Single Family

Est. Annual Taxes

$860

Year Built

Built in 1960

Lot Details

0

HOA Fees

$38 per month

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch, Traditional
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2024
  • Year Built: 1960
  • Building Area Total: 2004
  • Garage Y N: Yes
  • Lot Size Acres: 0.27
  • Subdivision Name: Paradise Lake
  • Transaction Type: Sale
  • Accessibility Features YN: No
  • Special Features: VirtualTour

Interior Features

  • Basement: Yes
  • Basement Type: Exterior Entry, Roughed In, Unfinished, Walk-Out Access
  • Appliances: Dishwasher, Electric Water Heater, MicroHood, Electric Oven, Range Hood, Refrigerator, Water Heater, Water Softener Owned
  • Levels: One
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Insert, Living Room
  • Fireplaces: 1
  • Interior Amenities: Breakfast Bar, Built-in Features, Cathedral Ceiling(s), Kitchen Island, Entrance Foyer, Paddle Fan, Hardwood Floors, Hi-Speed Internet Availbl, Eat-in Kitchen, Pantry, Smart Thermostat, Wood Work Painted
  • Living Area: 1116
  • Main Level Bedrooms: 2
  • Other Equipment: Smoke Alarm, Sump Pump
  • Spa Y N: No
  • Eating Area: Other Eating Area
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Main Level Sq Ft: 1116
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Kitchen Features: Kitchen Updated
  • Upper Level Sq Ft: 0
  • Rooms Basement: 1

Exterior Features

  • Construction Materials: Cement Siding, Wood Siding
  • Direction Faces: East
  • Exterior Features: Fire Pit
  • Fencing: Chain Link, Full
  • Foundation Details: Block, Partial
  • List Price: 305000
  • Patio And Porch Features: Deck
  • Pool Private Y N: No
  • View: Lake, Trees/Woods, Water
  • View Y N: Yes
  • Waterfront Features: Dock, Lake Privileges, Lake Front, Pond, Water Access, Water View, Waterfront
  • Waterfront: Yes

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Attached, Gravel
  • Garage Parking Other: Finished Garage,Garage Door Opener
  • Garage Sq Ft: 228

Utilities

  • Utilities: Cable Connected, Septic System, Water Connected
  • Cooling: Central Air
  • Heating: Forced Air, Propane
  • Laundry Features: Laundry Room, Main Level
  • Water Source: Public
  • Solid Waste: No

Condo/Co-op/Association

  • Association Amenities: Insurance, Maintenance
  • Association Fee: 460
  • Association Fee Frequency: Annually
  • Association YN: Yes
  • Community Features: Suburban
  • Management Company Name: Paradise Lake HOA
  • H O A Disclosures: Covenants & Restrictions

Fee Information

  • Association Fee Includes: Insurance, Maintenance

Schools

  • Middle Or Junior School: John R. Wooden Middle School
  • MBR_IntermediateSchool: Bell Intermediate Academy

Lot Info

  • Lot Features: Cul-De-Sac, Mature Trees
  • Property Attached Yn: No
  • Additional Parcels: No
  • Horse Amenities: None
  • Lot Size Sq Ft: 11587
  • Parcel Number: 551001192003000009
  • Acres: 1/4-1/2 Acre
  • Price Acre: 1111111

Tax Info

  • Tax Annual Amount: 860
  • Tax Block: A
  • Tax Lot: 49
  • Semi Annual Property Tax Amt: 430
  • Tax Exemption: Homestead Tax Exemption

MLS Schools

  • Elementary School: Green Township Elementary School
  • High School: Martinsville High School

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

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Range of Values:

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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: 22042590

MIBOR Broker Listing Cooperative®

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