Listing Courtesy of: Alex Montagano - eXp Realty, LLC 888-611-3912
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5535 E King Trail Martinsville, IN 46151

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Single Family Residence
3 Beds
3 Baths
3,505 Sq. Ft.
8.72 Acre Lot

Property Activity

Time on Site
38 days
Days on Market
Views
7
Saves
0
Last updated on 3/2/2025 4:08 AM
Rare opportunity! Welcome to your private waterfront sanctuary! Tucked at the end of a secluded driveway off SR 252, this stunning Steve Thacker custom-built home sits on nearly 9 acres, highlighted by a tranquil 6-acre lake. Just 35 minutes from both Indianapolis Airport and Bloomington, this prope...rty offers the perfect mix of peace and convenience. Surrounded by rolling hills, mature trees, and untouched nature, you'll feel completely removed from the hustle and bustle, yet still close to everything you need. Spend your days fishing on the lake, exploring ATV trails, or enjoying the sounds of the peaceful water. The home's design is both luxurious and inviting, featuring soaring ceilings, abundant natural light, and an open-concept floor plan. High-end finishes, including Amish-built cabinetry, a huge quartz countertop, a large walk-in pantry, a mudroom, and a safe room, epoxy garage and brand new custom pavers, create the ideal setting for modern living. Step out from your walk-out basement onto a stunning brand-new custom paver patio, offering breathtaking lake views-the perfect spot for relaxing or entertaining. The main-floor primary suite provides sweeping seasonal lake views and exceptional privacy, complete with its own walkout covered porch. The walkout basement offers ample space for guests with additional bedrooms and plenty of storage. Plus, enjoy peace of mind with a brand-new tankless water heater, new perimeter drains, and buried downspouts, ensuring optimal function and low maintenance. The cabin in the woods makes for a perfect little oasis to relax and enjoy nature. With no HOA to limit your options, this property is yours to make your own. Whether you're stargazing, hiking the trails, or just relaxing in the peace and privacy of your very own oasis, the possibilities are endless. This is a rare opportunity to own a truly exceptional home, blending the tranquility of nature with the convenience of nearby city amenities. Your private retreat await Continue reading
MLS#
22019211
Property Type
Single Family
Bedrooms
3
Bathrooms
3 Full
Year Built
2021
Square Feet
3,505 sq. ft
Lot Size
8.72
Stories
1.0

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Price History for 5535 E King Trl

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Price History provides changes in price over time for the specified property, where available.

Event Date Price Change Source
Sold4/26/2021$98,000Public Records
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Source: Xome Licensing (Xome CT LLC via, in part, its MLS licenses).
Data through 3/2/2025.

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Tax History for 5535 E King Trl

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Year Property Taxes Change Tax Assessment Change
2024$5,250
-
-$545,500
+3.85%
+3.85%
2023$5,250
+120.96%
+120.96%$525,300
+43.13%
+43.13%
2022$2,376
+1984.21%
+1984.21%$367,000
+4728.95%
+4728.95%
2021$114
+31.03%
+31.03%$7,600
+1.33%
+1.33%
2020$87
-13.86%
-13.86%$7,500
-21.05%
-21.05%
2019$101
-3.81%
-3.81%$9,500
-17.39%
-17.39%
2018$105
$11,500
No records available.
Location error icon Sorry, no content was found for this location.
Data sourced from public records, where available.

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Rental Valuation Estimate for 5535 E King Trl

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The Xome Value displayed in connection with a property is computer-generated by the application of various proprietary mathematical formulas and techniques using currently available local market, licensed and proprietary data. The displayed Xome Value is not prepared or provided by a licensed appraiser, does not constitute an appraisal of the subject property, and should not be relied upon as such. Data used to generate the Xome Value does not include information that could be derived from a visible inspection of the subject property and its surroundings. The condition of a property can materially affect the accuracy of a property's Xome Value. The data, and information derived from such data, in a Xome Value is provided on an "AS AVAILABLE" and "AS IS" basis and is provided for informational purposes only. Although we have attempted to provide reliable data and use reliable methodologies in providing a property's Xome Value, Xome Inc., its affiliates and their respective members, directors, officers and employees make no representations or warranties regarding the accuracy of a property's Xome Value on any specific date and expressly disclaim the obligation to update such value. All uses of the Xome Value are at the user's sole risk, and shall be for personal, non-commercial use and for no other purpose. Xome Inc., its affiliates and their respective members, directors, officers and employees are not liable for the accuracy of a property's Xome Value or any information related thereto. Your use of Xome Value must in all cases comply with all applicable laws and regulations.

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Comparable Home Sales for 5535 E King Trl

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Comparable nearby sales are a major factor used by the Xome Value® to estimate the value of a home.

Location error icon Sorry, no content was found for this location. There are no nearby comparable home sales.
# Address List Price List Date Sold Price Sold Date Beds Baths Sqft Price/Sqft Mobile Summary Mobile Price
Orange marker 5535 E King Trl, Martinsville, IN 46151 3 3 3,505 5535 E King Trl, Martinsville, IN 46151
3 Bd | 3 Ba | 3,505 Sqft | $242/Sqft
# Address List Price List Date Sold Price Sold Date Beds Baths Sqft Price/Sqft Mobile Summary Mobile Price
numbered circular icon #15535 E King Trail, Martinsville, IN 46151----$810,00010/15/2024333,500$231/Sqft5535 E King Trail, Martinsville, IN 46151
3 Bd | 3 Ba | 3,500 Sqft | $231/Sqft
$810,000
Sold: 10/15/2024
numbered circular icon #25324 E King Trail, Martinsville, IN 46151----$415,0009/20/2024422,666$156/Sqft5324 E King Trail, Martinsville, IN 46151
4 Bd | 2 Ba | 2,666 Sqft | $156/Sqft
$415,000
Sold: 9/20/2024
numbered circular icon #34449 E Rembrandt Drive, Martinsville, IN 46151----$395,00012/11/2024522,602$152/Sqft4449 E Rembrandt Drive, Martinsville, IN 46151
5 Bd | 2 Ba | 2,602 Sqft | $152/Sqft
$395,000
Sold: 12/11/2024
numbered circular icon #45677 E Nebo Country Drive, Martinsville, IN 46151----$733,5007/19/2023334,151$177/Sqft5677 E Nebo Country Drive, Martinsville, IN 46151
3 Bd | 3 Ba | 4,151 Sqft | $177/Sqft
$733,500
Sold: 7/19/2023
numbered circular icon #52604 Laurelwood Drive, Martinsville, IN 46151----$365,0001/31/2025432,962$123/Sqft2604 Laurelwood Drive, Martinsville, IN 46151
4 Bd | 3 Ba | 2,962 Sqft | $123/Sqft
$365,000
Sold: 1/31/2025
numbered circular icon #64314 Lantern Road, Martinsville, IN 46151----$475,0001/31/2025332,506$190/Sqft4314 Lantern Road, Martinsville, IN 46151
3 Bd | 3 Ba | 2,506 Sqft | $190/Sqft
$475,000
Sold: 1/31/2025
numbered circular icon #72707 S Duke Circle, Martinsville, IN 46151----$696,0009/5/2024323,258$214/Sqft2707 S Duke Circle, Martinsville, IN 46151
3 Bd | 2 Ba | 3,258 Sqft | $214/Sqft
$696,000
Sold: 9/5/2024
numbered circular icon #85395 E Turtle Ridge Lane, Martinsville, IN 46151----$405,00010/27/2023332,484$163/Sqft5395 E Turtle Ridge Lane, Martinsville, IN 46151
3 Bd | 3 Ba | 2,484 Sqft | $163/Sqft
$405,000
Sold: 10/27/2023
numbered circular icon #93025 Old Morgantown Road, Martinsville, IN 46151----$1,170,00012/19/2024445,124$228/Sqft3025 Old Morgantown Road, Martinsville, IN 46151
4 Bd | 4 Ba | 5,124 Sqft | $228/Sqft
$1,170,000
Sold: 12/19/2024
numbered circular icon #103627 E Ridgecrest Cove, Martinsville, IN 46151----$310,00011/8/2024432,456$126/Sqft3627 E Ridgecrest Cove, Martinsville, IN 46151
4 Bd | 3 Ba | 2,456 Sqft | $126/Sqft
$310,000
Sold: 11/8/2024
Empty Column Median Label List Price List Date Sold Price Sold Date Beds Baths Sqft Price/Sqft Mobile Summary Mobile Price
invisible placeholder imageMedian Comparables$445,00010/27/20243.532,814$170/Sqft
Median Comparables
3.5 Bd | 3 Ba | 2,814 Sqft | $170/Sqft
$445,000
Sold: 10/27/2024
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The Comparable Home Sales chart is produced by analyzing a data set that contains the last 5 years of property sales within 3 miles of the subject property. Each property in this data set is analyzed on multiple factors such as square footage, bedrooms, bathrooms, lot size and more to arrive at a 'Relevance Score.' Comparable properties are then ordered from most similar to least similar for comparison purposes.

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Nearby Schools for 5535 E King Trl

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Public Schools

Rating School Name Grades Distance
Indian Creek Elementary School PK-4 8.85 mi
Indian Creek Sr High School 9-12 8.87 mi
Indian Creek Intermediate School 3-5 8.94 mi
Indian Creek Middle School 6-8 9.01 mi
No records found.

Private Schools

Rating School Name Grades Distance
No records found.
Location error icon Sorry, no content was found for this location.
Data provided by GreatSchools.org © 2025. All rights reserved.

Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.

Source: Walk Score®

Area Statistics

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People

Zip City County National
Population 31,601 11,848 71,394 329.73M
Population Density 154 2,616 176 93
People per Household 2.7 2.6 2.6 2.6
Median Age 40.4 36.3 41.6 38.4
Median Household Income $69,710 $52,599 $71,882 $69,021
Average Income $33,525 $25,182 $33,600 $37,638

Economy

Zip City County National
Unemployment 2.40 % 2.40 % 2.40 % 3.20 %
Recent Job Growth 1.81 % 1.81 % 1.81 % 1.40 %
Future Job Growth 46.68 % 46.68 % 46.68 % 42.20 %
Sales Tax 7.00 % 7.00 % 7.00 % 7.02 %
Income Tax 3.23 % 3.23 % 3.23 % 22.00 %
Cost of Living Index 91 83 93 100

Environment

Zip City County National
Altitude 749 604 726 2443
Rainfall (inches annually) 45.2 45.2 44.2 38.1
Snowfall (inches annually) 20.3 20.3 20.0 27.8
January Avg. Low Temp 18.6 18.6 18.7 21.7
July Avg. High Temp 84.6 84.6 84.6 85.8
Days of Precipitation Annually 119 119 118 106
Days Mostly Sunny Annually 187 189 187 205
Comfort Index (during hot weather) 7 7 7 7
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Source: Sperling's Best Places

Months of Supply in 46151

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This chart shows how many months it would take to sell the available inventory in the specified market. A higher Months of Supply generally indicates a buyer's market while a lower Months of Supply generally indicates a seller's market.

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Location error icon Sorry, no content was found for this location.
Source: Xome Licensing (Xome CT LLC via, in part, its MLS licenses). Data through 3/1/2025.

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Listing Courtesy of: Alex Montagano - eXp Realty, LLC 888-611-3912

Albert Wright Page, License RB14038157, Xome Inc., License RC51300094, albertw.page@xome.com, 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176

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Listings courtesy of MIBOR as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 3/2/2025. 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. Properties displayed may be listed or sold by various participants in the MLS. © 2024 Metropolitan Indianapolis Board of REALTORS®. All Rights Reserved.

This content last refreshed on 3/2/2025 4:08 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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