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(SOLD) $579,000

5504 Lincoln Road Martinsville, IN  46151

  • 3 Beds
  • 3 Baths
  • 012 sq. Ft

Property Description for 5504 Lincoln Road Martinsville, IN 46151

A horse lover's paradise. This property is a hidden gem in a peaceful rural setting yet not far from the modern amenities of Martinsville, Mooresville, Franklin, Center Grove or Indy area. You will be absolutely stunned by all the facilities this property has to offer to have a thriving horse boarding, breeding, training or equestrian operation. There are 21 horse stalls total on the property with over 90% currently being occupied for boarding operations. The huge main facility/horse barn has over 20,000 sq ft. Within it contains 2 indoor arenas (144x72 and 60x60) perfect for training or riding lessons, tack room, grooming stalls, wash room and hay loft. Upstairs there is lots of additional square footage. There is a nice viewing area overlooking the main arena for cliental. There are also 2 finished apartments. The 1st living area is nearly 800 sq. ft. and has 2 bedrooms/1 bath, kitchen and living room. The 2nd living area is nearly 600 sq. ft with 1 bedroom/1 bath, kitchen and living room. The land itself provides ample room for all training, operations and just the pure enjoyment of horseback riding. There is an additional outdoor arena along with 7 fenced in paddocks for the horses or other livestock to graze. Opportunities like this seldom come along.
QuickBuy option for home selling

Address:5504 Lincoln Road Martinsville IN 46151
Status:Sold
Sold On: 4/16/2024
Price:$574,900
Bedrooms:3 Beds
Bathrooms:2 Full Baths, 1 Half Baths
Sq. Feet:012
Year Built:1991
Lot Size:13.75
County: Morgan
Township: Green
MLS #:21966313
Property Type:Farm

Water Source:Private Well
Directions:GPS Friendly
Total Sq. Ft. :012

Loan Price
$3,456
Price And Interest $3,020/month
Property Tax $195/month
MTG INS $0/month
HOME INS $241/month
Price
$579,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$195/month
Home Owner Insurance
$2,892 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

RoomSizeLevel
Bedroom 2 13x11 Upper
Bedroom 3 12x11 Upper
Primary Bedroom 18x11 Upper

Semi-Annual Property Tax:$1,167
Tax Year:2023
Mandatory HOA Fee:$

Area: 5510 - Morgan - Green
Subdivision: No Subdivision
Zip Code:46151

Total Sq. Ft.:012
Interior Features:Paddle Fan
Eating Area(s):Dining Combo/Family Room
Appliances:Other
Exterior Type:Aluminum Siding, Wood, Other
Cool:Central Electric
Heat:Electric
Water Heater:Other
Total Rooms:3
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

Schools in 5504 Lincoln Road Martinsville, IN  46151


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Listing provided courtesy of Brandon Smith with Whitetail Properties from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 02/28/2024 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

191
Avg. DOM
$177.43
Avg. $ / Sq.Ft.
$ 412,000
Med. List Price

The house prices in Martinsville are not dropping at the moment. There has been a increase in price of $8,871.73. 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 Up. The average house price is $395,000.00 and the average price per square feet is $174.06 per square feet. At the moment, the amount of homes listed is exactly 315 houses, with 59 with active status, 43 with pending status and 213 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 $1,597.22. 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 92 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 3452 minutes ago.

At the moment we have 0 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 $69,900.00 . 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 1881 and the newest built house is in year 2024.

The average size of properties in Martinsville is 2630.46 sq.ft. , the biggest one being 9366 sq.ft. and the smaller being 0 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.