OPPORTUNITY IS KNOCKING! Discover the charm, space and potential of this three-bedroom, two-full-bath stone ranch tucked along a quiet country setting in Morgan County, just minutes from State Road 67. Offering more than 1,500 square feet, this home features a light-filled interior, a cozy fireplace in the great room and a comfortable layout ready for your personal touch. Outside, the fenced backyard provides plenty of room for pets, play, gardening or outdoor entertaining, while the detached two-car garage offers valuable parking, storage or workshop space. With solid stone construction, a peaceful setting and convenient access to nearby amenities and commuter routes, this property is packed with possibilities. Bring your vision and make it your own! Whether you are searching for a place to personalize, an opportunity to build sweat equity or a promising addition to your investment portfolio, this Morgan County ranch is ready for its next chapter.
Single-familyProperty Type
1960Year Built
0.26 acresLot Size
$97Price/Sq.Ft.
2 car garageParking
Listed by Michelle Chandler• Keller Williams Indy Metro Partners
Listed by Bryan Williams• Keller Williams Indy Metro Partners
Sweat Equity G-A-L-O-R-E can be yours as the new owner of this 3 bedroom, 2 bath stone ranch in a quiet, country neighborhood in Martinsville. It needs some TLC and updating, but you'll love the hardwood floors, spacious living room, formal dining room, tons of windows, OVER 1500 sqft of space, kitchen w/built-in island, intimate family room with marshmallow-roasting fireplace, open patio in rear, .27 acre yard w/mature trees and HUGE 576 sqft detached garage. Priced for ALL of your ideas!!
MIBOR as Distributed by MLS Grid #21151631
Feb 28, 2012
Listing Removed
—
Nov 30, 2011
Listed
$49,900
$32/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$605 (+6.7%)
$15,400 + $171,000
$186,400
2024
$567 (−11.7%)
$15,400 + $171,000
$186,400
2023
$642 (+31.9%)
$15,400 + $148,600
$164,000
2021
$487 (−54.7%)
$15,400 + $130,600
$146,000
2020
$1,075 (−1.3%)
$16,700 + $125,400
$142,100
2019
$1,089 (+22.9%)
$16,700 + $120,900
$137,600
2018
$886 (+6.9%)
$16,700 + $111,800
$128,500
2017
$829 (−1.4%)
$16,700 + $84,700
$101,400
2016
$841 (+26.5%)
$16,700 + $84,700
$101,400
2015
$665 (−26.5%)
$16,700 + $82,000
$98,700
2013
$905
$16,700 + $81,000
$97,700
Public record
Public record
Zoning
Beds
3
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
0.26 Acres
Year renovated
1960
Finished Sq. Ft.
1,540
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,540
Year built
1960
Style
Single Family Residential
County
Morgan County
APN
55-12-10-285-017.000-014
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 8, 2026.
R1
Low-Density Residential District
The Low-Density Residential District is intended for areas of Morgan County that can support low-density single-family detached homes and are in close proximity to nearby development and; or water and sewer. This district allows for a variety of housing types, facilities, and residential services necessary to meet the needs of local residents; All subdivisions require Subdivision approval unless exempt See Chapter 5.B.5: Exempt Subdivisions; All new primary structures for non-residential uses require Development Plan approval; All development may be subject to Drainage Board approval; Only one primary use or primary structure/dwelling unit per lot is permitted in this district.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Single unit
Office
Educational/school
Library
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 102° expected this year, 19 days in 30 years
2/10 Wind Factor
1% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Martinsville, IN • 46151
Average low and high temperatures (°F)
34
18
44
27
62
40
69
49
72
54
83
65
87
71
83
64
82
58
71
48
55
40
43
29
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.7 hours in
June and 3.4 hours in December, placing it below the
U.S. average for solar exposure.
9.7 hrs
3.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1475 Raymond Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $175,260 and $212,000.
Nearby comparable homes
The Redfin Estimate uses 5 recent nearby sales, priced between $156K to $212K.