Off Market1155d on market
1488 S Lake Dr
Martinsville, IN, 46151 • 46151 • Morgan County
$306,900
$177/sqft
3Beds
2Baths
1,737Sqft
0.89 acLot
1986Built
Property DNA
Waterfront Property
Lake Front
Ranch Style
Built 1986 · 40 years of history
Painted Hills
Pool
Outdoor Living
Deck · Covered
1 Fireplace
Living Room · Masonry · Wood Burning
2-Car Garage
Attached · Gravel
$79/mo HOA
Pool
This home is in high demand
Listed 1155 days ago · 3 views · Top 1% likely to sell soon
Market activity
Demand and pricing signals for this listing
3 views
People checking out this listing
1155 days on market
Established listing
$177/sqft
Price per square foot
Selling Soon Prediction
Very HighThis home ranks in the top 1% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
Want the full market analysis?
Get the detailed selling prediction score, comparable sales data, and price trend forecast for this property.
Free · Delivered to your inbox in minutes
About this home
Single Family · Built 1986
This ranch home is located in the back of a cove on Lake Nebo in the private community of Painted Hills. You'll have access to 2 lakes, a pool, clubhouse, tennis courts, playground and a dog park. The home features 3 bedrooms, 2 full baths, new carpet, flooring, cabinets and countertops, new stainless steel kitchen appliances, an updated bath, as well as an attached garage.
Standout features identified
Our analysis highlights updated bath, tennis courts, and new carpet as key attractions of this home.
Estimated monthly payment
Based on current rates
$2,001/month
Principal & Interest$1,513
Property Tax$307
Insurance$102
HOA$79
Down payment20% ($61,380)
3%50%
Est. 6.26% rate · 30yr fixed · $245,520 loan
Full calculator →At a glance
Key facts and listing details
TypeResidential, Single Family Residence
Year Built1986
HeatingBaseboard, Forced Air, Electric
Parking2 Attached Garage spaces
HOA$950 annually
Lot0.89 Acres
Property
Home typeSingle Family
Sub-typeResidential, Single Family Residence
StyleRanch
Year built1986
Stories1
Systems
HeatingBaseboard, Forced Air, Electric
ConstructionVinyl Siding
Water / SewerMunicipal/City
Parking & Outdoor
ParkingAttached, Gravel
Garage2 spaces
Fireplaces1
Lot0.89 Acres
Location & Tax
Neighborhood46151
Annual tax$688
Parcel551407287002000012
Bathrooms & Fees
Full baths2
HOA$79/mo
Features & details
9 categories of property features
Interior Features
Interior
Attic Stairway
Eat-in Kitchen
High Speed Internet
Appliances
Dishwasher
Dryer
Electric Oven
Refrigerator
Washer
MicroHood
Electric Water Heater
Heating
Baseboard
Forced Air
Electric
Laundry
Laundry Closet
Main Level
Fireplace
Living Room
Masonry
Wood Burning
Exterior Features
Parking
Attached
Gravel
Construction
Vinyl Siding
Patio & Porch
Deck
Covered
Lot Features
Mature Trees
Wooded
Room details
6 rooms detailed
Master Bedroom
Main13×11 ft143 sqft
Laminate
Bedroom2
Main13×10 ft130 sqft
Laminate
Bedroom3
Main13×13 ft169 sqft
Laminate
Family Room
Main20×20 ft400 sqft
Carpeting
Kitchen
Main15×9 ft135 sqft
Laminate
Living Room
Main28×19 ft532 sqft
Carpeting
Listing insights
Market data and value estimates
StatusOff Market
Days on market1155
Est. value$306,900
Est. rent$1,776/mo
Tax rate0.51%
Price/sqft$177
On marketDec 17, 2022
PostedDec 17, 2022
Last sold$255,000
MLS statusSold
MLS updatedFeb 8, 2023
Tour days6
Views3
How are the schools in Martinsville?
3 schools rated nearby
Location
Martinsville, IN, 46151
Price history
14 events
DateEventPrice$/sqftSource
Feb 21, 2023Listing Removed——Carpenter Realtors
Feb 9, 2023Pending Sale$249,900$144Carpenter Realtors
Feb 8, 2023Sold$255,000$147MIBOR as distributed by MLS GRID
Jan 9, 2023Pending Sale$249,900$144MIBOR as distributed by MLS GRID
Jan 4, 2023Price Change$249,900$144MIBOR as distributed by MLS GRID
Dec 17, 2022Listed For Sale$275,000$158MIBOR as distributed by MLS GRID
Jan 6, 2016Sold——Agent Provided
Nov 29, 2015Pending Sale$155,900$90Lorine Ward Co.
Sep 21, 2015Listed For Sale$155,900$90Lorine Ward Co.
Sep 13, 2015Pending Sale$155,900$90Lorine Ward Co.
Aug 17, 2015Price Change$155,900$90Lorine Ward Co.
Jun 16, 2015Listed For Sale$164,900$95Lorine Ward Co.
Mar 7, 2008Sold$129,000$74Public Record
Dec 6, 2007Sold$129,000$74MIBOR as distributed by MLS GRID
Listing Removed—
Feb 21, 2023•Carpenter Realtors
Pending Sale$249,900
Feb 9, 2023•$144/sqft•Carpenter Realtors
Sold$255,000
Feb 8, 2023•$147/sqft•MIBOR as distributed by MLS GRID
Pending Sale$249,900
Jan 9, 2023•$144/sqft•MIBOR as distributed by MLS GRID
Price Change$249,900
Jan 4, 2023•$144/sqft•MIBOR as distributed by MLS GRID
Listed For Sale$275,000
Dec 17, 2022•$158/sqft•MIBOR as distributed by MLS GRID
Sold—
Jan 6, 20160•Agent Provided
Pending Sale$155,900
Nov 29, 2015•$90/sqft•Lorine Ward Co.
Listed For Sale$155,900
Sep 21, 2015•$90/sqft•Lorine Ward Co.
Pending Sale$155,900
Sep 13, 2015•$90/sqft•Lorine Ward Co.
Price Change$155,900
Aug 17, 2015•$90/sqft•Lorine Ward Co.
Listed For Sale$164,900
Jun 16, 2015•$95/sqft•Lorine Ward Co.
Sold$129,000
Mar 7, 2008•$74/sqft•Public Record
Sold$129,000
Dec 6, 2007•$74/sqft•MIBOR as distributed by MLS GRID
Tax history
17 years of records
YearTax paidAssessed value
Apr 9, 2024$1,031$232,400
Apr 9, 2023$937$220,700
Apr 9, 2022$686$196,100
Apr 9, 2021$580$163,200
Apr 9, 2020$591$155,000
Apr 9, 2019$490$154,400
Apr 9, 2018$430$140,100
Apr 9, 2017$1,206$126,600
Apr 9, 2016$1,125$129,300
Apr 9, 2014$1,020$141,100
Apr 9, 2013$960$140,300
Apr 9, 2012$1,046$138,300
Apr 9, 2011$1,308$162,200
Apr 9, 2010$1,216$142,100
Apr 9, 2009$1,286$142,100
Apr 9, 2006$1,100$131,400
Apr 9, 2005—$131,400
Nearby homes
Neighborhood details
Local context around this listing
Martinsville, IN • Morgan County
Nearby neighborhoods
Browns CrossingCentertonEminenceFoxcliff EstatesWaverly
Nearby cities
BethanyBrooklynGosportMartinsvilleMonroviaMooresvilleMorgantownParagon
Nearby zip codes
4612546151
Similar homes
Based on information submitted to the MLS GRID as of 2026-04-08 23:48:12 PDT. 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. [Click here for more information](/mls-disclaimers/#48)
No obligation · Same-day response