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5578 E Nebo Country Drive

Martinsville, IN 46151

ActiveListed Jul 7, 2026 · 47 days on market

Key facts

Lot
4.79 acres
Type
Land · Residential Lots
MLS #
22112021
County
Morgan
Subdivision
Nebo Country Estates

About this home

Welcome to a rare opportunity to own two beautiful adjoining lots sold together, offering privacy, natural beauty, and a peaceful setting for your future plans. This property features a private stocked pond, mature trees, and a serene landscape that feels like a retreat. Whether you envision a home overlooking the water or tucked into the trees, the land provides the space and flexibility to design a setting that fits your vision. The pond is perfect for quiet mornings, fishing, and enjoying the surrounding nature. Mature trees add character and shade, creating a timeless backdrop for whatever you choose to build. These two lots will not be sold separately, ensuring the privacy and natural features remain intact. If you've been searching for a tranquil place to create your dream property, this land offers exceptional potential.

Description provided by the listing brokerage.

Exterior

View
Pond
Waterfront
Pond
Other structures
Not Applicable

Systems

Water
Public
Sewer
Septic Needed

Lot and HOA

HOA fee
$350 / annually
Lot features
Corner LotNot In SubdivisionMature TreesWooded
Zoning
Residential
HOA fee includes
Snow Removal
HOA amenities
Snow Removal

Schools

Elementary school
Indian Creek Elementary School
Middle school
Indian Creek Middle School
High school
Indian Creek Sr High School
School district
Nineveh-Hensley-Jackson United

Taxes

Estimated annual tax
$572 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$993per month, estimated
Principal and interest $857Property tax $48Insurance $60HOA $29
20% · $34,000
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$170,000
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