Indianapolis Real Estate Index

Contact Red Door Real Estate

If you have any questions or need more detailed information, please feel free to contact me via phone at 317-RED-DOOR / 317-733-3667 or fill out the form to let us know how we can help with your real estate needs.

Phone: (317) 733-3667
Fax: (317) 663-0840

Refine your search...
Use the form below to narrow down your results
Hi There! Is this Your First Time?

Did you know if you Register you have access to free search tools including the ability to save listings and property searches? Did you know that you can bypass the search altogether and have listings sent directly to your email address? Check out our how-to page for more info.

Back to Results
$500,000 -

492 Valley Drive Martinsville IN 46151

3
Bedrooms
3
Baths
N/A
SQ. Feet
(Above Ground)
0.61
Acres

This well-maintained all-brick hilltop home offers 3 bedrooms (potential 4th in the basement) and 3 full bathrooms, thoughtfully combining space, functionality, and comfort in a charming community. The open-concept main level features rich cherry wood floors throughout the kitchen, great room, and dining area, with soaring cathedral ceilings in the great room that create an airy, open feel. The expansive kitchen is designed for both everyday living and entertaining, boasting an island, abundant cherry cabinetry, generous counter space, and seamless flow into the spacious great room with a warm, inviting fireplace and cathedral ceilings. Pella windows throughout the home enhance natural light and energy efficiency. A nicely appointed laundry room with abundant cabinetry adds convenience and extra storage to the main level. The finished walk-out basement provides exceptional versatility, including potential in-law quarters. This level features a family room with a bar area, a possible bedroom or game room, an office, two storage rooms, and a full bathroom-offering flexible space to accommodate a variety of living arrangements. Storage is plentiful throughout the home. Outdoor living is equally impressive, with a private backyard that backs to mature woods, creating a peaceful and secluded setting. Step from the patio into the gazebo, an ideal space for relaxing, dining, or entertaining while surrounded by nature. An oversized two-car attached garage, along with an additional detached garage and extra parking, provides ample room for vehicles, hobbies, or equipment. Conveniently located near parks, shopping, and schools, this home delivers comfort, versatility, and everyday convenience.

Follow ►
  • Subscribe to Our Blog RSS
Read More...

Property Details

Price: $500,000 Previously: $500,000 Originally: $500,000 Bedrooms: 3 Bathrooms: 3.00 MLS #: 22078467 Year Built: 1976 Township: Washington Sq. Ft Total: 4,305 Type: Residential Zip Code: 46151 City: Martinsville Subdivision: Parkview County: Morgan School District: MSD Martinsville Schools High School: Martinsville High School Middle School: John R. Wooden Middle School

Interior Features

Interior Features:
  • Appliances: Electric Cooktop, Dishwasher, Electric Water Heater, Microwave, Oven, Refrigerator, Trash Compactor
  • Cooling: Central Air
  • Heating: Baseboard, Electric, Radiant Ceiling

Exterior Features

Exterior Features:
  • Setting / Lot Description: Cul-De-Sac, Mature Trees
  • Porch: Gazebo, Patio
  • # Acres: 0.61

Listing Office: The Modglin Group

Similar Properties To: 492 Valley Drive, Martinsville

$369,900
4 br, 2 ba, 2,474 ft²
No Subdivision
MLS® #:
22063210
Provider:
Keller Williams Indy Metro S
8577 State Road 44, Martinsville
$429,000
4 br, 3½ ba, 3,128 ft²
Shireman Estates
MLS® #:
22066998
Provider:
Keller Williams Indy Metro S
105 Wood Place, Martinsville
$350,000
4 br, 2½ ba, 4,590 ft²
No Subdivision
MLS® #:
22053105
Provider:
New Start Home Realty, Llc
990 E Washington Street, Martinsville
$379,900
4 br, 2½ ba, 3,332 ft²
Center Valley
MLS® #:
22076682
Provider:
Highgarden Real Estate
285 Robb Hill Road, Martinsville
$370,000
3 br, 2½ ba, 1,941 ft²
No Subdivision
MLS® #:
22082367
Provider:
My Agent
6035 Maple Grove Rd, Martinsville
$574,900
4 br, 3½ ba, 4,290 ft²
Eagle Crest
MLS® #:
22070565
Provider:
Keller Williams Indy Metro S
525 Jones Place, Martinsville
$580,000
3 br, 4 ba, 3,285 ft²
No Subdivision
MLS® #:
22033312
Provider:
Key Realty Indiana
6150 Red Day Road, Martinsville
$425,000
3 br, 2½ ba, 3,027 ft²
Legendary Hills
MLS® #:
22065817
Provider:
Mark Dietel Realty, Llc
2025 Deer Lake Drive, Martinsville

View all similar properties here

All information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties that a consumer may be interested in purchasing. All Information believed to be reliable but not guaranteed and should be independently verified. © 2026 MIBOR Broker Listing Cooperative®. All rights reserved.

Listing information last updated on February 15th, 2026 at 8:13pm EST.

My Account

Log in, to view your saved searches and add to your favorite listings.

Sign Up Here For Your FREE Account

... So You Can:

  • View detailed property information
  • Print detailed property flyers
  • Save your searches & favorite homes
  • Inquire about a private showing
  • Map individual property locations
  • Share your favorite homes with friends
Interested In This Property?