Welcome to your private country retreat! This beautifully maintained 4-bedroom, 3-bathroom home sits on 3 serene acres, offering the perfect blend of comfort and space. Enjoy vaulted ceilings, an open-concept layout, and a spacious 3-car garage. Step outside to your own backyard oasis featuring a huge patio space, updated landscaping, gazebo, and a pool! If you're needing a break from the pool just head on down to the community pond and enjoy the outdoors! With plenty of room to roam and unwind, this property offers the peaceful country lifestyle you've been dreaming of. Don't miss this rare opportunity!
Sold
$585,000
3202 Lake Terrace Dr, Martinsville, IN 46151
4beds
3,000sqft
Residential, Single Family Residence
Built in 2003
3.18 Acres Lot
$603,700 Zestimate®
$195/sqft
$3,307 Estimated rent
Home value
$603,700
$501,000 - $724,000
$3,307/mo
Zestimate® history
Owner options
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$3,307/mo
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$3,307/mo
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$4,230/mo
Est. payment
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$4,230/mo
Est. payment
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List your homeWhat's special
Huge patio spaceVaulted ceilingsOpen-concept layoutUpdated landscaping
Zillow last checked:
Listing updated:
Listed by:
Owen Neathery 317-217-9424,
Keller Williams Indy Metro S
Bought with:
Nathaniel Wozniak
Berkshire Hathaway Home
Source: MIBOR as distributed by MLS GRID,MLS#: 22048968
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 1
Primary bedroom
- Level: Main
- Area: 285 Square Feet
- Dimensions: 19x15
Bedroom 2
- Level: Upper
- Area: 143 Square Feet
- Dimensions: 13x11
Bedroom 3
- Level: Upper
- Area: 143 Square Feet
- Dimensions: 13x11
Bedroom 4
- Level: Upper
- Area: 156 Square Feet
- Dimensions: 13x12
Breakfast room
- Level: Main
- Area: 130 Square Feet
- Dimensions: 13x10
Dining room
- Level: Main
- Area: 196 Square Feet
- Dimensions: 14x14
Kitchen
- Level: Main
- Area: 182 Square Feet
- Dimensions: 14x13
Laundry
- Features: Tile-Ceramic
- Level: Main
- Area: 130 Square Feet
- Dimensions: 10x13
Library
- Level: Main
- Area: 182 Square Feet
- Dimensions: 14x13
Living room
- Level: Main
- Area: 384 Square Feet
- Dimensions: 24x16
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Gas Cooktop, Dishwasher, Microwave, Refrigerator
Features
- Vaulted Ceiling(s), Hardwood Floors, Walk-In Closet(s)
- Flooring: Hardwood
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Family Room
Interior area
- Total structure area: 3,000
- Total interior livable area: 3,000 sqft
Property
Parking
- Total spaces: 3
- Parking features: Attached
- Attached garage spaces: 3
Features
- Levels: Two
- Stories: 2
- Has view: Yes
Lot
- Size: 3.18 Acres
Details
- Parcel number: 550814400003006014
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Residential, Single Family Residence
Materials
- Stone, Vinyl With Brick, Vinyl With Stone
- Foundation: Crawl Space
Condition
- New construction: No
- Year built: 2003
Utilities & green energy
- Water: Public
Community & HOA
Community
- Subdivision: Falcon Crest
HOA
- Has HOA: Yes
- Amenities included: Pond Year Round
- Services included: Association Home Owners, Entrance Common, Other
- HOA fee: $800 annually
Location
- Region: Martinsville
Financial & listing details
- Price per square foot: $195/sqft
- Tax assessed value: $490,500
- Annual tax amount: $2,130
- Date on market: 7/7/2025
- Cumulative days on market: 13 days
Price history
| Date | Event | Price |
|---|---|---|
| 8/22/2025 | Sold | $585,000-2.5%$195/sqft |
Source:  MIBOR as distributed by MLS GRID #22048968 Report a problem | ||
| 7/23/2025 | Pending sale | $599,999$200/sqft |
Source: MIBOR as distributed by MLS GRID #22048968 Report a problem | ||
| 7/7/2025 | Listed for sale | $599,999+62.2%$200/sqft |
Source: MIBOR as distributed by MLS GRID #22048968 Report a problem | ||
| 2/9/2018 | Sold | $370,000-1.3%$123/sqft |
Source: MIBOR as distributed by MLS GRID #21528345 Report a problem | ||
| 1/26/2018 | Pending sale | $375,000$125/sqft |
Source: Indianapolis/Carmel #21528345 Report a problem | ||
| 12/28/2017 | Listed for sale | $375,000+25%$125/sqft |
Source: Keller Williams Indpls Metro N #21528345 Report a problem | ||
| 4/26/2005 | Sold | $299,900$100/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,130 +3% | $490,500 +14.3% |
| 2024 | $2,067 +2.4% | $429,200 -2.1% |
| 2023 | $2,019 +59.4% | $438,600 -3.7% |
| 2022 | $1,266 +8.3% | $455,300 +41.8% |
| 2021 | $1,170 -9.9% | $321,000 +2.6% |
| 2020 | $1,299 -37.3% | $312,800 -1.4% |
| 2019 | $2,071 +60.3% | $317,400 -0.9% |
| 2018 | $1,292 -5.4% | $320,200 -0.2% |
| 2017 | $1,365 +20.6% | $320,900 -1.4% |
| 2016 | $1,132 -3.3% | $325,300 -1.2% |
| 2014 | $1,171 -3.5% | $329,300 -6.4% |
| 2013 | $1,213 +5.3% | $352,000 +2.2% |
| 2012 | $1,152 -19.2% | $344,300 -13.2% |
| 2011 | $1,425 -6.8% | $396,700 |
| 2010 | $1,528 +9.8% | $396,700 |
| 2009 | $1,392 -33.4% | $396,700 +37.2% |
| 2006 | $2,090 | $289,100 -1% |
| 2005 | -- | $291,900 |
Find assessor info on the county website
Neighborhood: 46151
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Nearby schools
GreatSchools rating
- 6/10Charles L Smith Elementary SchoolGrades: PK-4Distance: 5.3 mi
- 7/10John R. Wooden Middle SchoolGrades: 6-8Distance: 5 mi
- 4/10Martinsville High SchoolGrades: 9-12Distance: 5.5 mi
Schools provided by the listing agent
- Middle: John R. Wooden Middle School
Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$603,700
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Estimated market value
$603,700
- Indiana
- Morgan County
- Martinsville
- 46151
- 3202 Lake Terrace Dr
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