$650,000
SOLD FEB 14, 2019

5571 Poff Rd Martinsville, IN 46151

3 Beds
3.5 Baths
4,542 Sq Ft
75.78 Acres

Recently Sold

$143 Per Sq Ft

17% Below List Price

305 Days on Market

Highlights

  • 75.78 Acre Lot
  • Ranch Style House
  • Wood Flooring
  • Family Room with Fireplace
  • Cathedral Ceiling
  • Pole Barn

About This Home

As of February 2019

Opportunity to own 75+ acres w/ 2 homes & pole barn for private estate, company or church retreat, hunting & fishing club, or business you have been dreaming of. Outdoor paradise w/abundant deer, turkey, waterfowl, other wildlife such as foxes, squirrels, owls, hawks, & eagles. Outstanding fishing on your private 10-acre lake. Potential for large dog, cat, and other pet kennels for boarding. Room for horse stables to be built. Houses sleep comfortably up to 12 people. Perfect bed and breakfast, or vacation retreat w/hiking, horseback riding, 4-wheeling, swimming, fishing, camping, archery, & even a small scale shooting range. Just over 30-minutes to downtown Indianapolis and Indy Motor Speedway. Even shorter drive to Indianapolis Airport.

Last Agent to Sell the Property

Cindy Stockhaus

Better Homes and Gardens Real Estate Gold Key License #RB14040140 Listed on: 02/23/2018

Better Homes and Gardens Real Estate Gold Key

Co-Listed By

Michael Stockhaus

Better Homes and Gardens Real Estate Gold Key License #RB14042074

Last Buyer's Agent

Michelle Chandler

Keller Williams Indy Metro S License #RB14035890

Keller Williams Indy Metro S

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,658

Year Built

  • Built in 1997

Lot Details

  • 75.78 Acre Lot

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,542 Sq Ft Home
  • Cathedral Ceiling
  • Window Screens
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room with Fireplace
  • Wood Flooring
  • Pull Down Stairs to Attic
  • Fire and Smoke Detector

Kitchen

  • Oven
  • Electric Cooktop
  • Free-Standing Freezer
  • Dishwasher
  • Trash Compactor

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Finished Basement

  • Basement Fills Entire Space Under The House
  • Fireplace in Basement

Parking

  • Garage
  • Driveway

Outdoor Features

  • Pole Barn
  • Outbuilding

Utilities

  • Geothermal Heating and Cooling
  • Well
  • Septic Tank
  • Satellite Dish

Listing and Financial Details

  • Assessor Parcel Number 550701400002000002

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,658

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch, TradAmer
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2017
  • Year Built: 1997
  • Co List Office Phone: 317-738-3737
  • Garage Y N: Yes
  • Lot Size Acres: 75.78
  • Subdivision Name: NO SUBDIVISION
  • Inspection Warranties: Not Applicable
  • Property Description: Opportunity to own 75+ acres w/ 2 homes & pole barn for private estate, company or church retreat, hunting & fishing club, or business you have been dreaming of. Outdoor paradise w/abundant deer, turkey, waterfowl, other wildlife such as foxes, squirrels, owls, hawks, & eagles. Outstanding fishing on your private 10-acre lake. Potential for large dog, cat, and other pet kennels for boarding. Room for horse stables to be built. Houses sleep comfortably up to 12 people. Perfect bed and breakfast, or vacation retreat w/hiking, horseback riding, 4-wheeling, swimming, fishing, camping, archery, & even a small scale shooting range. Just over 30-minutes to downtown Indianapolis and Indy Motor Speedway. Even shorter drive to Indianapolis Airport.
  • Transaction Type: Sale
  • Open House Count: 0
  • Open House Public Count: 0
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Finished, Full, Walk-Out Access
  • Appliances: Electric Cooktop, Dishwasher, Free-Standing Freezer, Oven, Refrigerator, Trash Compactor
  • Levels: One
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4
  • Total Bedrooms: 3
  • Fireplace Features: Basement, Family Room, Living Room, Woodburning Fireplce
  • Fireplaces: 2
  • Interior Amenities: Attic Pull Down Stairs, Cathedral Ceiling(s), Walk-in Closet(s), Hardwood Floors, Screens Some
  • Living Area: 4542
  • Other Equipment: Satellite Dish Paid, Smoke Detector, Water-Softener Rented
  • Room Count: 10
  • Areas Interior: Bath Sinks Double Main,Foyer Large,In-Law Quarters,Laundry Room Main Level,Utility Room
  • Eating Area: Breakfast Bar,Center Island,Formal Dining Room,Pantry
  • Basement Full Bathrooms: 1
  • Main Level Full Bathrooms: 2
  • Sq Ft Main Upper: 2803
  • Main Level Sq Ft: 2803
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 1
  • Master Bedroom Description: Deck,Shower Stall Full,Sitting Room,Tub Whirlpool
  • Total Sq Ft: 4542
  • Below Grade Sq Ft: 1739
  • Pct Optional Level Finished: 100%
  • Optional Level Below Grade: Walk Out Basement

Exterior Features

  • Construction Materials: Brick
  • Disclosures: Not Applicable
  • Exterior Features: Barn Pole, Driveway Asphalt, Driveway Concrete, Out Building With Utilities
  • Foundation Details: Concrete Perimeter
  • List Price: 739000
  • Association Maintained Building Exterior: 0
  • Porch: Deck Main Level,Screened in Patio

Garage/Parking

  • Fuel: Electric
  • Garage Parking Description: 2 Car Attached,4+ Car Detached
  • Garage Parking Other: Garage Door Opener,Heated,Side Load Garage,Workshop

Utilities

  • Sewer: Septic Tank
  • Cooling: Ceiling Fan(s), Geothermal
  • Heating: Geothermal
  • Water Source: Well
  • Solid Waste: 0
  • Utility Options: Cable Connected,High Speed Internet Avail
  • Water Heater: Electric

Lot Info

  • Property Attached Yn: No
  • Parcel Number: 550701400002000002
  • Acres: >20 Acres
  • Lot Information: Dock Owned,Lakefront,Not In Subdivision,Tree Mature
  • Lot Number: 0
  • Lot Size: 75.78Acres

Green Features

  • Green Certification Y N: 0

Tax Info

  • Tax Annual Amount: 5658
  • Semi Annual Property Tax Amt: 2829
  • Tax Exemption: MortageTaxExemption

MLS Schools

  • School District: Eminence Consolidated

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2018
Closed on
Feb 13, 2019
Sold by
Clark Matthew R
Bought by
Young Robert T
Seller's Agent
Cindy Stockhaus
Better Homes and Gardens Real Estate Gold Key
Buyer's Agent
Michelle Chandler
Keller Williams Indy Metro S
List Price
$785,000
Sold Price
$650,000
Premium/Discount to List
-$135,000
-17.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 23, 2008
Sold by
Ashby Douglas H and Ashby Anita Jo
Bought by
Clark Matthew R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
5.93%
Mortgage Type
New Conventional
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 Type Sale Price Title Company
Warranty Deed -- Title Alliance Of Indy Metro
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $493,320 New Conventional
Closed $41,000 Credit Line Revolving
Closed $320,000 New Conventional
Closed $520,000 New Conventional
Previous Owner $417,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/09/2025 05/09/25 For Sale $1,780,000 +173.8% $392 / Sq Ft
02/14/2019 02/14/19 Sold $650,000 0.0% $143 / Sq Ft
12/26/2018 12/26/18 Pending -- -- --
12/01/2018 12/01/18 Off Market $650,000 -- --
11/12/2018 11/12/18 Price Changed $739,000 -2.1% $163 / Sq Ft
09/17/2018 09/17/18 Price Changed $755,000 -1.8% $166 / Sq Ft
05/17/2018 05/17/18 Price Changed $769,000 -2.0% $169 / Sq Ft
02/23/2018 02/23/18 For Sale $785,000 -- $173 / 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 $39 $2,500 $2,500 $0
2023 $33 $2,100 $2,100 $0
2022 $27 $1,600 $1,600 $0
2021 $17 $1,400 $1,400 $0
2020 $27 $1,400 $1,400 $0
2019 $33 $1,700 $1,700 $0
2018 $34 $1,800 $1,800 $0
2017 $27 $2,000 $2,000 $0
2016 $38 $2,100 $2,100 $0
2014 $41 $4,700 $4,700 $0
2013 $41 $4,000 $4,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21547836

MIBOR Broker Listing Cooperative®

APN: 55-07-01-200-007.001-002