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4078 E Rembrandt Drive

Martinsville, IN 46151

ActiveListed Oct 13, 2026 · 1 day on market

Key facts

Beds
2
Baths
1 full · 1 half
Living area
1,056 sqft
Lot
3.26 acres
Year built
1978
Type
Residential · Single Family Residence
Stories
One
Garage
3 spaces
MLS #
22131026
County
Morgan
Subdivision
Painted Hills

About this home

Rarely does an opportunity like this come to market. This unique 3.25-acre BUIDABLE and wooded retreat featuring LAKEFRONT ACCESS WITH 267 FEET OF SHORELINE on Painted Hills Lake offers the perfect blend of move-in-ready comfort and future potential. The property features a fully renovated two-bedroom home boasting new LVP flooring, a new deck, a modern sound system, and updated roof and mechanicals. For the craftsman or car enthusiast, the brand-new three-car carriage house is a standout. It includes a mechanic's pit, one 8-foot garage door, two 6-foot doors, a spacious unfinished upper level ideal for a game room or studio, and a second storage garage.With ample space to build your custom dream home. It has already undergone soil testing (Level 2) and has an additional septic permit is in progress; offers are welcome to be written with a contingency on its approval. Enjoy waterfront living with your own private floating dock on a lake that permits speedboats. While lake levels are currently lowered for routine dam maintenance, they are scheduled to return to normal by spring. Utilities include city water, propane, and septic, all supported by an active and affordable $1,200/year HOA. This is an exceptional chance to secure a versatile property in a sought-after community with excellent Highway 69 access.

Description provided by the listing brokerage.

Interior

Appliances
Electric CooktopDishwasherDryerElectric Water HeaterDisposalMicrowaveOvenRange HoodRefrigeratorWasherWater HeaterWater Softener Owned
Interior features
Attic AccessBreakfast BarVaulted Ceiling(s)Paddle FanWired for Sound
Fireplaces
1
Fireplace type
Living RoomMasonryWood Burning
Windows
Vinyl Windows
Rooms
4
Main-level bedrooms
2

Exterior

Exterior features
Storage ShedTennis Community
Patio and porch
DeckPatio
Construction
Wood Siding
Foundation
Block
Style
Ranch
Parking and garage
DetachedGravelGarage Door OpenerStorageWorkshop in Garage
View
LakeTrees/Woods
Waterfront
Lake PrivilegesLake FrontWater AccessWater ViewWaterfront
Other structures
Outbuilding
Other equipment
Smoke Alarm

Systems

Heating
Forced AirPropane
Cooling
Central Air
Water
Public

Lot and HOA

HOA fee
$1,200 / annually
Lot features
Irregular LotMature TreesWooded
HOA fee includes
ClubhouseParkPlaygroundSnow RemovalTennis Court(s)
HOA amenities
Beach AccessBoatingClubhouseManagementParkPicnic AreaPlaygroundPoolSnow RemovalTennis Court(s)

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
$3,802 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$4,460per month, estimated
Principal and interest $3,781Property tax $317Insurance $263HOA $100
20% · $150,000
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.

Talk to a lender we trust
Listing Office:
@properties
Listing Office Phone:
317-489-3441
Listed by
Firm
@properties
Firm phone
317-489-3441
MLS #
22131026
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Listed at$750,000
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