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3484 E Mahalasville Rd, Martinsville, IN, 46151

2beds
1baths
840sqft
$109,900
$131price/sqft
$834/moest. monthly cost
$33,360/yrincome needed

About This Home

Escape the hustle and discover the peaceful simplicity of country living in this authentic log cabin nestled on just over half an acre. Surrounded by nature, this 2-bedroom, 1-bath home is full of rustic character and waiting for someone with vision to make it shine. Inside, you'll find a cozy wood-burning fireplace that creates the perfect gathering place on cool evenings, while the kitchen comes equipped with quality appliances already in place. Step outside onto the front deck and enjoy breathtaking western sunsets, morning coffee, or evenings under the stars. The spacious lot offers room for a garden, outdoor entertaining, pets, or simply enjoying the privacy and tranquility of your own slice of the countryside. Whether you're searching for a weekend retreat, investment opportunity, Airbnb potential, or a place to build sweat equity, this property is full of possibilities. This charming log cabin could become the country escape you've always dreamed of. Bring your imagination, your toolbox, and your vision-opportunities like this don't come along every day!

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
21
BikeSomewhat Bikeable

Schools

4/10
South Elementary SchoolGrades PK-64.2 mi
7/10
4/10
Martinsville High SchoolGrades 9-124.8 mi

Construction

Condition

  • Year built: 1945

Materials

  • Foundation: Block
  • Construction materials: Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Log
  • Property subType: Residential,Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Electric Oven,Refrigerator,Washer,Electric Water Heater

Bedroom2

  • Level: Main
  • Area: 81
  • Dimensions: 9x9

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 2

Features

  • Entrance Foyer
  • Number of fireplaces: 1
  • Fireplace features: Insert
  • Fireplace: Yes

Great Room

  • Level: Main
  • Area: 280
  • Dimensions: 20x14

Heating & Cooling

  • Heating features: Forced Air,Wood,Electric
  • Cooling features: Central Air,Window Unit(s),Other

Interior Area

  • Total structure area: 840
  • Total interior livable area: 840 sqft

Kitchen

  • Level: Main
  • Area: 88
  • Dimensions: 11x8

Master Bedroom

  • Level: Main
  • Area: 165
  • Dimensions: 15x11

Property

Details

  • Parcel number: 551325400008000020
  • Horse amenities: None

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Deck
  • Has view: Yes
  • View description: Pasture

Lot

  • Lot size: 0.57 Acres
  • Features: Corner Lot,Not In Subdivision,Rural - Not Subdivision

Parking

  • Parking features: Gravel

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Landslide
    LandslideModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Inland Flooding
Strong Wind
Tornado
Winter Weather
Cold Wave
Hail
Heat Wave
Landslide
Lightning

FEMA Declared Disasters Across Indiana Counties

Flood
Severe Storm
Snowstorm
Straight Line Winds
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $555$6,660
Home Insurance *$68$816
Property Taxes $27$324
Electricity $184$2,212
Total$834$10,008
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$28,594/yr
40% on housing$25,020/yr
45% on housing$22,240/yr

Indiana FAIR Plan Programs

Indiana Basic Property Insurance Underwriting Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 810Commercial: 30
Total Premiums$1.77M
Total Exposure$1.82M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.6%
10.6%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 7.8%
7.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$131This listing

vs Other Active Listings

Avg $/sqft

ZIP 46151$163
Morgan County$155

vs Homes Sold Last Month

Median $/sqft

ZIP 46151$147
Morgan County$146

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-08-07Pending sale$109,900
2026-07-27Price change$109,900
2026-07-19Price change$110,000
2026-07-02Listed for sale$125,000
2026-06-30Listing removed$139,900
2026-06-12Price change$139,900
2026-05-26Listed for sale$149,900
2021-03-23Sold$85,000
2021-01-08Listed for sale$85,000
2015-12-17Listing removed$85,000
2015-06-17Listed for sale$85,000

For Sale by Agent

AgentMichelle Chandler
BrokerageKeller Williams Indy Metro Partners

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