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$120,000

371 W Douglas Street Martinsville, IN  46151

  • 2 Beds
  • 1 Baths
  • 1,200 sq. Ft

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Property Description for 371 W Douglas Street Martinsville, IN 46151

Action Required: No Wholesaler offers will be considered. Proof of funds and all contracts must be in the name of the end user. Fix it up and keep it as a rental and raise rents to fair market value (Shortage of Section 8 Housing in Anderson. See upside remarks below) Upside Potential: According to the 2024 HUD Fair Market Rents (FMRs) for the 46151 Zip Code, there is substantial room for rent increase, with the potential to raise total rent to $1,349. Property can be sold as a package deal. (See remarks below) Listing Broker has a spreadsheet with underwriting analysis on investment property, PDF copy of the underwriting on file. If represented by an outside agency, connect your representative. In order to receive financial information and data analysis buyers must register through the listing broker even if represented by an outside agency. Please note: Interior of property has not been examined due to distressed conditions. All financial projections and data are based on available information and should be independently verified by the buyer. Once under contract, buyers may conduct physical inspection to verify the condition of property. Property is being sold as-is. Package: 2317 Fletcher Ave ($95k with all 3 lots), 2512 Fletcher Ave ($35k), 1911 Noble St ($35k), 371 W Douglas St ($120k)
QuickBuy option for home selling

Address:371 W Douglas Street Martinsville IN 46151
Status:Active
on site: 54 days
Price:$120,000
Bedrooms:2 Beds
Bathrooms:1 Full Baths
Sq. Feet:1,200
Year Built:1970
Lot Size:0.20
County: Morgan
Township: Washington
MLS #:21966961
Property Type:Single Family Residence

Lot Dimensions:8712
Water Source:Other
Directions:GPS Friendly
Main Level Sq. Ft. :1,200
Total Sq. Ft. :1,200

Loan Price
$720
Price And Interest $626/month
Property Tax $44/month
MTG INS $0/month
HOME INS $50/month
Price
$120,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$44/month
Home Owner Insurance
$600 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

RoomSizeLevel
Primary Bedroom 10x10 Main
Bedroom 2 10x10 Main

Semi-Annual Property Tax:$266
Tax Year:2023
Mandatory HOA Fee:$

Area: 5512 - Morgan - Washington
Subdivision: Martinsville
Zip Code:46151

Total Sq. Ft.:1,200
Interior Features:Windows Vinyl
Eating Area(s):Other Eating Area
Appliances:None
Exterior Type:Other
Cool:Other
Heat:Other
Water Heater:None
Total Rooms:2
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

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Schools in 371 W Douglas Street Martinsville, IN  46151


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Listing provided courtesy of Jordan Ice with Fair Market Value Investment Sales from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 03/04/2024 12:00 AM. 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.



Martinsville Market Report

197
Avg. DOM
$177.73
Avg. $ / Sq.Ft.
$ 425,000
Med. List Price

The house prices in Martinsville are indeed dropping at the moment. There has been a decrease in price of $18,821.79. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

The housing market and house prices in Martinsville are going Down. The average house price is $446,900.00 and the average price per square feet is $170.52 per square feet. At the moment, the amount of homes listed is exactly 308 houses, with 49 with active status, 38 with pending status and 221 sold in Martinsville .

The most popular place to buy a home in Martinsville is 5512 - Morgan - Washington. 5512 - Morgan - Washington is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in Martinsville .

The average amount of property taxes you would have to pay for a home in Martinsville is $1,980.28. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.

Properties in Martinsville are staying listed for an average of 84 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.

The last home listed in Martinsville was 2491 minutes ago.

At the moment we have 1 open houses that you can visit.

The cost of the most expensive home in Martinsville is $2,295,000.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.

The cost of the cheapest home in Martinsville is $82,000.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.

The date of the oldest built home in Martinsville in year 1899 and the newest built house is in year 2024.

The average size of properties in Martinsville is 3239.51 sq.ft. , the biggest one being 10191 sq.ft. and the smaller being 792 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.