NOT LISTED FOR SALE

8515 N Observatory Ln Martinsville, IN 46151

Estimated Value: $422,000 - $493,202

3 Beds
2.5 Baths
1,845 Sq Ft
$246/Sq Ft Est. Value

Last Sold June 11, 2018

Last sale price $264,000 $143 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $2,538/month

9 Days on Market

Highlights

  • In Ground Pool
  • Vaulted Ceiling
  • Walk-In Closet
  • 2.3 Acre Lot
  • Ranch Style House
  • Sound System

About This Home

As of June 2018

Beautiful Custom Built Brick Ranch on 2.3 Acres w/ Huge Pool in Perfectly Private Morgan County Location!! This Home Features: 3 Bedrooms & 2.5 Baths w/ Fantastic Kitchen, Large Vaulted Living Room, Master Suite & Many Extras!! The Property Features: Huge 60x30 Heated In-Ground Pool w/ 2 Basketball Goals, Diving Board, Slide & Automatic Cover; Huge Stamped Concrete Pool Deck w/ Plenty of Space to Spread Out; Built-In Fire Pit, Tiered Deck, Mature Trees & Space to Play! Also Included: Bonus Room w/ Half Bath, Kitchenette & Garage Door Accessed Storage; Laundry Room w/ Sink & Storage, Large Unfinished Attic w/ Stairwell, Large Covered Front Porch & Much Much More!!

Last Agent to Sell the Property

Matthew Kresse

Red Oak Real Estate Group License #RB14039659 Listed on: 04/20/2018

Last Buyer's Agent

Loren Scott

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,400

Year Built

  • Built in 2001

Lot Details

  • 2.3 Acre Lot

Parking

  • Driveway

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Block Foundation
  • Slab Foundation

Interior Spaces

  • 1,845 Sq Ft Home
  • Sound System
  • Vaulted Ceiling
  • Fire and Smoke Detector

Kitchen

  • Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Trash Compactor
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Attic

  • Attic Access Panel
  • Permanent Attic Stairs

Outdoor Features

  • In Ground Pool
  • Fire Pit

Utilities

  • Forced Air Heating and Cooling System
  • Dual Heating Fuel
  • Heat Pump System
  • Programmable Thermostat
  • Septic Tank
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 550523100008001006

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,400

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2017
  • Year Built: 2001
  • Garage Y N: No
  • Lot Size Acres: 2.3
  • Subdivision Name: NO SUBDIVISION
  • Inspection Warranties: Not Applicable
  • Property Description: Beautiful Custom Built Brick Ranch on 2.3 Acres w/ Huge Pool in Perfectly Private Morgan County Location!! This Home Features: 3 Bedrooms & 2.5 Baths w/ Fantastic Kitchen, Large Vaulted Living Room, Master Suite & Many Extras!! The Property Features: Huge 60x30 Heated In-Ground Pool w/ 2 Basketball Goals, Diving Board, Slide & Automatic Cover; Huge Stamped Concrete Pool Deck w/ Plenty of Space to Spread Out; Built-In Fire Pit, Tiered Deck, Mature Trees & Space to Play! Also Included: Bonus Room w/ Half Bath, Kitchenette & Garage Door Accessed Storage; Laundry Room w/ Sink & Storage, Large Unfinished Attic w/ Stairwell, Large Covered Front Porch & Much Much More!!
  • Transaction Type: Sale
  • Special Features: None

Interior Features

  • Basement: No
  • Appliances: Electric Cooktop, Dishwasher, Dryer, Disposal, Microwave, Oven, Refrigerator, Trash Compactor, Washer
  • Levels: One
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 3
  • Interior Amenities: Attic Access, Attic Stairway, Vaulted Ceiling(s), Walk-in Closet(s)
  • Living Area: 1845
  • Other Equipment: Smoke Detector, Surround Sound, Programmable Thermostat, Water-Softener Owned
  • Room Count: 8
  • Areas Interior: Foyer Large,Laundry Room Main Level
  • Eating Area: Dining Combo/Kitchen,Pantry
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 2
  • Sq Ft Main Upper: 1845
  • Main Level Sq Ft: 1845
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 1
  • Master Bedroom Description: Closet Walk in,Shower Stall Full,Suite
  • Total Sq Ft: 1845
  • Below Grade Sq Ft: 0
  • Optional Level Below Grade: No Basement

Exterior Features

  • Construction Materials: Brick
  • Disclosures: Not Applicable
  • Exterior Features: Driveway Asphalt, Driveway Concrete, Fire Pit, In Ground Pool
  • Foundation Details: Block, Slab
  • Association Maintained Building Exterior: 0
  • Porch: Deck Main Level,Covered Porch

Garage/Parking

  • Fuel: Electric
  • Garage Parking Description: Other
  • Garage Parking Other: Finished Garage,Heated,Service Door,Storage Area
  • Num Parking Spaces: 6

Utilities

  • Sewer: Septic Tank
  • Cooling: Central Air
  • Heating: Dual, Forced Air, Heat Pump
  • Water Source: Public
  • Solid Waste: 0
  • Utility Options: High Speed Internet Avail
  • Water Heater: Electric

Lot Info

  • Property Attached Yn: No
  • Parcel Number: 550523100008001006
  • Acres: 1-3 Acres
  • Lot Information: Irregular,Not In Subdivision,Tree Mature,Wooded
  • Lot Number: 2
  • Lot Size: 0

Green Features

  • Green Certification Y N: 0

Tax Info

  • Tax Annual Amount: 2400
  • Semi Annual Property Tax Amt: 1200
  • Tax Exemption: HomesteadTaxExemption,MortageTaxExemption,None

MLS Schools

  • School District: Martinsville MSD
  • Schools: Brooklyn Elementary,John R. Wooden Middle,Martinsville High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2018
Closed on
Jun 11, 2018
Sold by
Smith Shannon
Bought by
Collins Heather D
Seller's Agent
Matthew Kresse
Red Oak Real Estate Group
Buyer's Agent
Loren Scott
List Price
$279,900
Sold Price
$264,000
Premium/Discount to List
-$15,900
-5.68%
Current Estimated Value
$454,551

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$190,551
Avg. Annual Appreciation
7.64%
Original Mortgage
$259,218
Outstanding Balance
$228,971
Interest Rate
5.5%
Mortgage Type
FHA
Estimated Equity
$225,580

Purchase Details

Closed on
Jul 24, 2013
Sold by
Smith Shannon
Bought by
Smith Shannon

Purchase Details

Closed on
Jul 22, 2013
Sold by
Herrin Carroll M
Bought by
Smith Shannon

Purchase Details

Closed on
May 25, 2011
Sold by
Smith Richard
Bought by
Smith Shannon
Source: Public Records

Range of Values:

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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
Collins Heather D -- Security Title Services
Smith Shannon -- None Available
Smith Shannon -- None Available
Smith Shannon -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Collins Heather D $259,218
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/11/2018 06/11/18 Sold $264,000 -5.7% $143 / Sq Ft
04/30/2018 04/30/18 Pending -- -- --
04/20/2018 04/20/18 For Sale $279,900 -- $152 / 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 $1,909 $364,600 $69,500 $295,100
2023 $1,914 $349,700 $69,500 $280,200
2022 $1,549 $307,700 $69,500 $238,200
2021 $1,203 $260,200 $51,100 $209,100
2020 $1,347 $285,200 $46,200 $239,000
2019 $1,325 $258,000 $46,200 $211,800
2018 $1,300 $253,500 $46,200 $207,300
2017 $2,368 $250,400 $46,200 $204,200
2016 $1,687 $249,200 $46,200 $203,000
2014 $964 $251,700 $46,200 $205,500
2013 $964 $245,800 $38,800 $207,000
Source: Public Records

Agents Affiliated with this Home

  • Matthew Kresse

    Seller's Agent in 2018

    Matthew Kresse

    Red Oak Real Estate Group

    (317) 318-3420

    4 in this area

    107 Total Sales

    Matthew Kresse
    Section Image

  • L

    Buyer's Agent in 2018

    Loren Scott

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21559683

MIBOR Broker Listing Cooperative®

APN: 55-05-23-100-008.001-006

Indiana Morgan County Martinsville 46151

8515 N Observatory Ln, Martinsville, IN

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MIBOR Broker Listing Cooperative® Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

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