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5850 Paradise Lane

Martinsville, IN 46151

2 beds
2 baths
2,026 sqft
8,102 sqft lot
$185 per sqft
1967 build

Amazing opportunity to own a home in a tranquil location, right on peaceful Paradise Lake! This home has so much potential, being a sought after all-brick ranch with solid bones and a full basement! The home has been well loved and maintained over the years, which means you won't have to worry about big ticket items. As soon as you walk in, you'll notice the open concept that leads you to a large picture window, with amazing views of the lake, and tons of natural light. The cozy fireplace is perfect for anchoring the living room and adds a warm touch in the colder months. The full basement offers a variety of uses and potential to make it what you want. There is a big daylight window that lets in light and a walk-out door that leads to the patio. Continue to utilize the space as a living area, or reconfigure it to make an additional bedroom. The utility room has a full bathroom as well and could be used as-is for a storage space, or rec room, or, reconfigure to create something to meet your specific needs. Outside is a water-lover's dream! Sit on the patio or out on the dock and enjoy the relaxing and quiet views, or have guests over and fully embrace the lake-life with swimming, fishing, and getting on the water to create memories and fun times. This is a unique property with tons of potential to create your dream house, and is a great candidate for a primary residence or lake side retreat!

Listing courtesy of MIBOR / CrestPoint Real Estate

Last checked: Checking… • Last updated Oct 31, 2024 •

MLS# 22003781 —

The Building

Year Built:

1967
New Construction:

false
Construction Materials:

Brick
Architectural Style:

Ranch, TraditonalAmerican
Levels:

One
Basement:

true
Basement:

Daylight/Lookout Windows, Exterior Entry, Full, Interior Entry, Partially Finished, Storage Space, Walk Out
Foundation Details:

Block
Patio And Porch Features:

Covered Porch, Open Patio
Exterior Features:

Barn Mini
Accessibility Features:

No
Direction Faces:

North
Green Certification:

No
Building Area Total:

2316
Below Grade Finished Area:

868

Interior

Rooms:

5
Rooms Total:

7
Rooms Total:

5
Interior Features:

Attic Access, Bath Sinks Double Main, Hi-Speed Internet Availbl, Screens Complete, Supplemental Storage, Windows Vinyl, Wood Work Painted
Eating Area:

Dining Combo/Family Room
Laundry Features:

Connections All, In Basement
Fireplaces Total:

2
Fireplace Features:

Basement, Gas Log, Living Room, Masonry, Woodburning Fireplce

Room Dimensions

SqFt:

1158
Main Level SqFt:

1158
Living Area:

2026

Location

Directions:

GPS Friendly
Latitude:

39.512762
Longitude:

-86.262462

The Property

View:

true
Property Type:

Residential
Property Subtype:

Single Family Residence
Property Attached:

false
Parcel Number:

551001185010000009
Acres:

<1/4 Acre
Lot Features:

Rural - Subdivision, Mature Trees
Lot Size Acres:

0.19
Lot Size SqFt:

8,102 Sqft
Price Per Acre:

1973684
Additional Parcels:

false
View:

Neighborhood, Water
View:

true
Waterfront:

true
Waterfront Features:

Dock, Lake Privileges, Pond, Water Access, Water View, Waterfront
Horse Amenities:

None
Fence:

No

Listing Agent

Contact info:

Taxes

Tax Lot:

28,29
Tax Year:

2023
Tax Exemptions:

Homestead Tax Exemption
Semi Annual Property Tax Amt:

532

Beds

Beds:

2
Bedrooms:

2
Bedrooms Total:

2
Main Level Bedrooms:

2

Baths

Baths:

2
Full Baths:

2
Full Baths:

1
Full Baths Main:

1
Full Baths Basement:

1

The Listing

Virtual Tour Unbranded:

Virtual Tour

Heating & Cooling

Heating:

Forced Air, Gas
Cooling:

Central Electric

Utilities

Water Source:

Municipal/City
Solid Waste:

No

Appliances

Appliances:

Electric Cooktop, Dryer, Electric Water Heater, Oven, Range Hood, Refrigerator, Washer

Schools

Middle Or Junior School:

John R. Wooden Middle School
High School District:

MSD Martinsville Schools

The Community

Subdivision Name:

Paradise Lake
Association Amenities:

Pond Year Round
Spa:

false
Pool Private:

false
Association Fee Frequency:

Annually
Association:

true
Association Fee:

515
HOA Disclosures:

Covenants & Restrictions,Rules & Regulations
Association Fee Includes:

Association Home Owners, Entrance Common, Insurance, Maintenance
Management Company Name:

Paradise Lake HOA
Ownership Interest Types:

Mandatory Fee

Parking

Parking Features:

Attached, Concrete, Garage Door Opener
Garage:

true
Garage Spaces:

1
Garage/Parking:

Garage Door Opener,Service Door
Garage SqFt:

368

Monthly cost estimate

Asking price

$375,000

Expense	Monthly cost
Mortgage	$2,008
Taxes	$88
Insurance	$103
HOA fees	$43
Utilities	$154 See report
Total	$2,396/mo.^*
	^*This is an estimate

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Sale history

Date	Event	Source	Price	% Change
10/31/24 Oct 31, 2024	Price Changed	MIBOR	$375,000	-3.8%
9/30/24 Sep 30, 2024	Listed / Active	MIBOR	$390,000	169.0% (17.1% / YR)
11/10/14 Nov 10, 2014		MIBOR	$145,000

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This house located in IN 46151 is currently for sale for $375,000. 5850 Paradise Lane is a 2,026 square foot house with 2 beds and 2 baths. This house is in the attendance area of Martinsville High School.

Listing Courtesy of: MIBOR and CrestPoint Real Estate.

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