Charming Renovated Schoolhouse with Original Character - Perfect Airbnb Potential. Step into history with this completely renovated brick schoolhouse, nestled on a peaceful 1/2 acre in the countryside. Close to Bloomington, Indiana University, wedding venues, and Cedar Creek Winery & Brewery, this one-of-a-kind property is ideal as a personal retreat or an Airbnb investment. Inside, you'll find brick accent walls that add warmth and texture, and an original schoolhouse entryway that welcomes you with timeless charm. Modern updates blend seamlessly with historic details, offering comfort and style in every room. Don't miss your chance to own a piece of Indiana history with modern potential.
Sold
$298,800
3750 Low Gap Rd, Martinsville, IN 46151
1beds
2,168sqft
Residential, Single Family Residence
Built in 1900
0.5 Acres Lot
$306,700 Zestimate®
$138/sqft
$1,744 Estimated rent
Home value
$306,700
$255,000 - $368,000
$1,744/mo
Zestimate® history
Owner options
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$1,744/mo
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$1,767/mo
Est. payment
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$1,767/mo
Est. payment
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List your homeWhat's special
Modern updatesHistoric detailsBrick accent wallsOriginal schoolhouse entrywayCompletely renovated brick schoolhouse
Zillow last checked:
Listing updated:
Listed by:
Michele Killinger 317-710-2059,
Carpenter, REALTORS®
Bought with:
Jake Stiles
Coldwell Banker Stiles
Staci von Harten
Coldwell Banker Stiles
Source: MIBOR as distributed by MLS GRID,MLS#: 22051918
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
Primary bedroom
- Level: Upper
- Area: 130 Square Feet
- Dimensions: 13x10
Dining room
- Level: Main
- Area: 169 Square Feet
- Dimensions: 13x13
Foyer
- Features: Tile-Ceramic
- Level: Main
- Area: 72 Square Feet
- Dimensions: 12x6
Kitchen
- Level: Main
- Area: 182 Square Feet
- Dimensions: 14x13
Laundry
- Level: Main
- Area: 66 Square Feet
- Dimensions: 11x6
Living room
- Level: Main
- Area: 442 Square Feet
- Dimensions: 26x17
Loft
- Level: Upper
- Area: 342 Square Feet
- Dimensions: 19x18
Heating
- Wood Stove
Cooling
- Ductless, Wall Unit(s)
Appliances
- Included: Dryer, MicroHood, Electric Oven, Refrigerator, Tankless Water Heater, Washer, Water Softener Owned
Features
- Breakfast Bar, High Ceilings, Kitchen Island, Entrance Foyer, Hardwood Floors, High Speed Internet, Eat-in Kitchen, Pantry
- Flooring: Hardwood
- Windows: WoodWorkStain/Painted
- Has basement: No
Interior area
- Total structure area: 2,168
- Total interior livable area: 2,168 sqft
Property
Parking
- Total spaces: 1
- Parking features: Detached, Gravel
- Garage spaces: 1
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck, Porch
- Has view: Yes
- View description: Pasture
Lot
- Size: 0.5 Acres
- Features: Not In Subdivision
Details
- Parcel number: 551322400010000020
- Special conditions: Flood Insurance Required,Sales Disclosure Supplements
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Other
- Property subtype: Residential, Single Family Residence
Materials
- Brick
- Foundation: Block
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1900
Utilities & green energy
- Electric: 200+ Amp Service
- Sewer: Septic Tank
- Water: Well, Private
Community & HOA
Community
- Security: Security System Owned
- Subdivision: No Subdivision
HOA
- Has HOA: No
Location
- Region: Martinsville
Financial & listing details
- Price per square foot: $138/sqft
- Tax assessed value: $224,900
- Annual tax amount: $1,086
- Date on market: 7/23/2025
- Cumulative days on market: 104 days
Price history
| Date | Event | Price |
|---|---|---|
| 12/12/2025 | Sold | $298,800-10.8%$138/sqft |
Source:  MIBOR as distributed by MLS GRID #22051918 Report a problem | ||
| 11/3/2025 | Pending sale | $334,900$154/sqft |
Source: MIBOR as distributed by MLS GRID #22051918 Report a problem | ||
| 8/18/2025 | Price change | $334,900-1.5%$154/sqft |
Source: MIBOR as distributed by MLS GRID #22051918 Report a problem | ||
| 7/23/2025 | Listed for sale | $339,900+183.4%$157/sqft |
Source: MIBOR as distributed by MLS GRID #22051918 Report a problem | ||
| 5/13/2010 | Sold | $119,933$55/sqft |
Source: MIBOR as distributed by MLS GRID #21013504 Report a problem | ||
| 3/17/2010 | Listed for sale | $119,933+139.9%$55/sqft |
Source: Carpenter Realtors #21013504 Report a problem | ||
| 10/1/2001 | Sold | $50,000$23/sqft |
Source: MIBOR as distributed by MLS GRID #2141707 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,085 +6.8% | $224,900 +1.1% |
| 2024 | $1,016 +14.9% | $222,500 +0.1% |
| 2023 | $884 +54.6% | $222,200 +7.8% |
| 2022 | $572 +9.4% | $206,200 +32.4% |
| 2021 | $523 +2.7% | $155,700 +3.2% |
| 2020 | $509 +11.5% | $150,900 +7.2% |
| 2019 | $457 +17.3% | $140,800 +5% |
| 2018 | $389 -4.1% | $134,100 +9.9% |
| 2017 | $406 +22% | $122,000 -0.1% |
| 2016 | $333 +21.5% | $122,100 +11.8% |
| 2014 | $274 | $109,200 |
| 2013 | $274 +15.1% | $109,200 +1.4% |
| 2012 | $238 -21% | $107,700 -8.4% |
| 2011 | $301 +137.4% | $117,600 +92.2% |
| 2010 | $127 -71.6% | $61,200 -0.5% |
| 2009 | $447 -30.8% | $61,500 +3.2% |
| 2006 | $646 | $59,600 -0.5% |
| 2005 | -- | $59,900 |
Find assessor info on the county website
Neighborhood: 46151
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Nearby schools
GreatSchools rating
- 4/10South Elementary SchoolGrades: PK-6Distance: 2.5 mi
- 7/10John R. Wooden Middle SchoolGrades: 6-8Distance: 3.6 mi
- 6/10Martinsville High SchoolGrades: 9-12Distance: 3.3 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
$306,700
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Estimated market value
$306,700
- Indiana
- Morgan County
- Martinsville
- 46151
- 3750 Low Gap Rd
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