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890 E Gray St, Martinsville, IN, 46151

3beds
1baths
960sqft
$190,000
$198price/sqft
$1,385/moest. monthly cost
$55,400/yrincome needed

About This Home

Welcome home to this charming ranch nestled on a spacious corner lot! Built in 1961, this well-maintained 960-square-foot property offers a functional, easy-living layout paired with major recent mechanical upgrades-giving the next owner true peace of mind. Inside, you'll find three bedrooms, a full bathroom, and a welcoming kitchen featuring beautiful wood cabinetry that adds warmth and character to the heart of the home. A dedicated laundry room adds daily convenience, while the single-level design ensures easy accessibility throughout. Out back, the generous corner lot is built for outdoor enjoyment. Relax on the wooden deck, host weekend gatherings, or shoot some hoops on the basketball goal. The oversized parking pad easily accommodates multiple vehicles, guests, or recreational gear. Best of all, key big-ticket systems have already been taken care of: enjoy a brand-new A/C unit (just 1 year old) and a furnace updated with a new heat exchanger (1 year old). With motivated sellers and a winning blend of charm, functionality, and outdoor space, this turn-key property won't last long. Schedule your private showing today!

Getting Around

38
WalkingCar-Dependent
0
TransitVery Limited Transit
38
BikeSomewhat Bikeable

Schools

7/10
4/10
Martinsville High SchoolGrades 9-120.3 mi

Construction

Condition

  • Year built: 1961

Materials

  • Foundation: Block
  • Construction materials: Brick

Type & Style

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

Interior

Appliances

  • Appliances included: Dryer,Gas Oven,Refrigerator,Washer,Water Heater
  • Laundry features: Laundry Room

Bedroom2

  • Level: Main
  • Area: 100
  • Dimensions: 10x10

Bedroom3

  • Level: Main
  • Area: 63
  • Dimensions: 7x9

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 3

Features

  • Eat-in Kitchen

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air

Interior Area

  • Total structure area: 960
  • Total interior livable area: 960 sqft

Kitchen

  • Level: Main
  • Area: 165
  • Dimensions: 11x15

Living Room

  • Level: Main
  • Area: 198
  • Dimensions: 11x18

Master Bedroom

  • Level: Main
  • Area: 100
  • Dimensions: 10x10

Utility Room

  • Level: Main
  • Area: 48
  • Dimensions: 8x6

Property

Details

  • Parcel number: 551303192008000021
  • Horse amenities: None

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Deck,Porch
  • Exterior features: Fire Pit
  • Has view: Yes
  • View description: Trees/Woods,Neighborhood

Lot

  • Lot size: 9,147 sqft
  • Features: Mature Trees

Parking

  • Parking features: Concrete

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

  • Strong Wind
    Strong WindRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Strong Wind
Winter Weather
Cold Wave
Hail
Inland Flooding
Tornado

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 $960$11,520
Home Insurance *$117$1,404
Property Taxes $124$1,488
Electricity $184$2,212
Total$1,385$16,620
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$47,485/yr
40% on housing$41,550/yr
45% on housing$36,933/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

$198This listing

vs Other Active Listings

Avg $/sqft

ZIP 46151$163
Morgan County$154

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)

Price History

DateEventPrice
2026-08-13Price change$185,000
2026-07-30Listed for sale$190,000

For Sale by Agent

AgentDean Keller
BrokerageKeller Williams Indy Metro Partners

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