This well-maintained all-brick hilltop home offers 3 bedrooms (potential 4th in the basement) and 3 full bathrooms, thoughtfully combining space, functionality, and comfort in a charming community. The open-concept main level features rich cherry wood floors throughout the kitchen, great room, and dining area, with soaring cathedral ceilings in the great room that create an airy, open feel. The expansive kitchen is designed for both everyday living and entertaining, boasting an island, abundant cherry cabinetry, generous counter space, and seamless flow into the spacious great room with a warm, inviting fireplace and cathedral ceilings. Pella windows throughout the home enhance natural light and energy efficiency. A nicely appointed laundry room with abundant cabinetry adds convenience and extra storage to the main level. The finished walk-out basement provides exceptional versatility, including potential in-law quarters. This level features a family room with a bar area, a possible bedroom or game room, an office, two storage rooms, and a full bathroom-offering flexible space to accommodate a variety of living arrangements. Storage is plentiful throughout the home. Outdoor living is equally impressive, with a private backyard that backs to mature woods, creating a peaceful and secluded setting. Step from the patio into the gazebo, an ideal space for relaxing, dining, or entertaining while surrounded by nature. An oversized two-car attached garage, along with an additional detached garage and extra parking, provides ample room for vehicles, hobbies, or equipment. Conveniently located near parks, shopping, and schools, this home delivers comfort, versatility, and everyday convenience.
Sold
$482,500
492 Valley Dr, Martinsville, IN 46151
3beds
4,305sqft
Residential, Single Family Residence
Built in 1976
0.61 Acres Lot
$488,900 Zestimate®
$112/sqft
$2,372 Estimated rent
Home value
$488,900
$411,000 - $587,000
$2,372/mo
Zestimate® history
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$2,864/mo
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List your homeWhat's special
Warm inviting fireplacePeaceful and secluded settingAdditional detached garageOversized two-car attached garageFinished walk-out basementExtra parkingOpen-concept main level
Zillow last checked:
Listing updated:
Listed by:
Angela Abraham 317-997-0517,
The Modglin Group
Bought with:
Erica Dickey
Bennett Realty
Source: MIBOR as distributed by MLS GRID,MLS#: 22078467
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 2
- Main level bedrooms: 3
Primary bedroom
- Level: Main
- Area: 315 Square Feet
- Dimensions: 21x15
Bedroom 2
- Level: Main
- Area: 195 Square Feet
- Dimensions: 15x13
Bedroom 3
- Level: Main
- Area: 156 Square Feet
- Dimensions: 13x12
Dining room
- Level: Main
- Area: 320 Square Feet
- Dimensions: 20x16
Exercise room
- Level: Basement
- Area: 144 Square Feet
- Dimensions: 12x12
Family room
- Level: Basement
- Area: 440 Square Feet
- Dimensions: 22x20
Kitchen
- Level: Main
- Area: 304 Square Feet
- Dimensions: 19x16
Laundry
- Level: Main
- Area: 144.5 Square Feet
- Dimensions: 17x8.5
Living room
- Level: Main
- Area: 690 Square Feet
- Dimensions: 30x23
Office
- Level: Basement
- Area: 180 Square Feet
- Dimensions: 15x12
Play room
- Level: Basement
- Area: 156 Square Feet
- Dimensions: 13x12
Utility room
- Features: Other
- Level: Basement
- Area: 135 Square Feet
- Dimensions: 15x9
Workshop
- Features: Other
- Level: Basement
- Area: 220 Square Feet
- Dimensions: 22x10
Heating
- Baseboard, Electric, Radiant Ceiling
Cooling
- Central Air
Appliances
- Included: Electric Cooktop, Dishwasher, Electric Water Heater, Microwave, Oven, Refrigerator, Trash Compactor
Features
- Breakfast Bar, Cathedral Ceiling(s), Kitchen Island, Hardwood Floors, Eat-in Kitchen
- Flooring: Hardwood
- Basement: Daylight,Finished,Walk-Out Access
- Number of fireplaces: 1
- Fireplace features: Gas Log, Living Room
Interior area
- Total structure area: 4,305
- Total interior livable area: 4,305 sqft
- Finished area below ground: 1,725
Property
Parking
- Total spaces: 3
- Parking features: Attached, Detached
- Attached garage spaces: 3
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio
Lot
- Size: 0.61 Acres
- Features: Cul-De-Sac, Mature Trees
Details
- Additional structures: Gazebo
- Parcel number: 550934330010000021
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Residential, Single Family Residence
Materials
- Brick
- Foundation: Block
Condition
- New construction: No
- Year built: 1976
Utilities & green energy
- Water: Public
Community & HOA
Community
- Subdivision: Parkview
HOA
- Has HOA: No
Location
- Region: Martinsville
Financial & listing details
- Price per square foot: $112/sqft
- Tax assessed value: $489,500
- Annual tax amount: $4,500
- Date on market: 1/7/2026
- Cumulative days on market: 70 days
Price history
| Date | Event | Price |
|---|---|---|
| 4/6/2026 | Sold | $482,500-2.5%$112/sqft |
Source:  MIBOR as distributed by MLS GRID #22078467 Report a problem | ||
| 3/19/2026 | Pending sale | $494,900$115/sqft |
Source: MIBOR as distributed by MLS GRID #22078467 Report a problem | ||
| 3/9/2026 | Price change | $494,900-1%$115/sqft |
Source: MIBOR as distributed by MLS GRID #22078467 Report a problem | ||
| 1/7/2026 | Listed for sale | $500,000$116/sqft |
Source: MIBOR as distributed by MLS GRID #22078467 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,495 +0.7% | $489,500 +8.9% |
| 2024 | $4,465 +16% | $449,500 |
| 2023 | $3,848 +17.9% | $449,500 +13.7% |
| 2022 | $3,263 +8.4% | $395,400 +19.1% |
| 2021 | $3,009 +4.1% | $332,100 +3.7% |
| 2020 | $2,892 +9.2% | $320,400 +7.9% |
| 2019 | $2,647 +10.4% | $296,900 +7.3% |
| 2018 | $2,398 -3.8% | $276,800 +9.9% |
| 2017 | $2,494 +41.4% | $251,800 -2.6% |
| 2016 | $1,763 +28.7% | $258,400 +3.2% |
| 2014 | $1,370 +14.2% | $250,500 |
| 2013 | $1,200 +19.7% | $250,500 +2.5% |
| 2012 | $1,002 +10.6% | $244,400 +27.5% |
| 2011 | $906 +13.4% | $191,700 +3.4% |
| 2010 | $800 +17.8% | $185,400 -5.6% |
| 2009 | $679 -56.9% | $196,300 +9% |
| 2006 | $1,574 | $180,100 |
| 2005 | -- | $180,100 |
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: 0.5 mi
- 7/10John R. Wooden Middle SchoolGrades: 6-8Distance: 1.1 mi
- 4/10Martinsville High SchoolGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- Middle: John R. Wooden Middle School
- High: Martinsville High 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
$488,900
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Estimated market value
$488,900
- Indiana
- Morgan County
- Martinsville
- 46151
- 492 Valley Dr
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