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Sheldon Barnes is a Carmel realtor and licensed real estate agent serving Martinsville, Indiana and the rest of Hamilton County. Book a private tour of 5020 Cragen Road, ask any question about this home, or talk through what you should know about buying in Martinsville.

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ABOUT THIS HOME

Step into a piece of local history with this iconic family-owned limestone farmhouse, a rare blend of timeless charm and modern updates! Designed for flexibility, this ranch with a walkout basement features two primary suites-one on each level-perfect for in-law quarters or multi-generational living. The open kitchen, dining, and great room flow makes entertaining effortless, anchored by two beautiful stone wood-burning fireplaces. A bright sunroom captures both sunrise and sunset, while a large deck invites morning coffee or evening cocktails with stunning views. Offering two additional bedrooms and three fully remodeled baths with walk-in showers, there's space for everyone. The expansive walkout basement is ideal for a rec room, media setup, or game nights. A huge functional barn and acreage create a true mini farm opportunity-bring your horses, 4H animals, or simply enjoy the wide-open space. Additional acreage is available, making this property perfect for those dreaming of farming, gardening, or outdoor adventures. Feel the love, laughter, and memories this home has to offer the minute you walk through the door. This is more than a home, it's a legacy estate ready for its next chapter.

Listed by Michelle Chandler· Keller Williams Indy Metro S· MLS# 22057638
SoldSold in 78 days

$639,000

$640,000

4Beds
3Baths
4,514Sq Ft

Step into a piece of local history with this iconic family-owned limestone farmhouse, a rare blend of timeless charm and modern updates! Designed for flexibility, this ranch with a walkout basement features two primary suites-one on each level-perfect for in-law quarters or multi-generational living...

Listed by Michelle Chandler· Keller Williams Indy Metro S· MLS# MBR22057638

4,514

Sq Ft

1974

Year Built

4

Bedrooms

3

Bathrooms

Key things to know

  • Sold 9.4% below list in 78 days
  • 2 fireplaces
  • Finished basement (1,850 sqft)
  • 3-car garage
  • 5-acre lot

Sold

$580,000

-$60,000 below list (-9.4%)

Closed
Jan 12, 2026
Listed at
$640,000
Sold
4 months ago
Sold in
78 days

Price history

  1. Sold$580,000

    Jan 12, 2026

  2. Price reduced$640,000 → $639,000

    Nov 5, 2025

  3. Listedat $640,000

    Sep 10, 2025

Comparative value

5 comps in this range

This home is 49% above median for similar nearby sales.

$185K$537KMedian $389K
$580K

FEATURES & AMENITIES

Interior

Attic AccessBath Sinks Double MainBreakfast BarBuilt-in FeaturesHigh CeilingsPaddle FanHardwood FloorsEat-in KitchenPantryWalk-In Closet(s)

Exterior

Barn PoleFire Pit

Climate

Heat: PropaneCool: Central Air

THE FACTS

Pricing trajectory, room-by-room layout, schools, and what's nearby.

Price history

  • $640,000Listed· Sep 10, 2025

  • $639,000Reduced

    $1,000 (0.2% off original)

78 days on market

Layout

Main
327 rooms2,664 sq ft
Basement
113 rooms1,850 sq ft finished

Primary suite

Bedroom 2nd Primary,Closet Walk in,Sitting Room

Primary bath

Shower Stall Full,Sinks Double,Suite

Schools

MSD Martinsville Schools

  • Elementary

    Green Township Elementary School

  • Middle

    John R. Wooden Middle School

  • High

    Martinsville High School

Neighborhood

  • Downtown Indianapolis20.3 mi
  • Zionsville Community HS31.9 mi
  • Carmel Central Park33.1 mi
  • Monon Trail (Carmel)33.3 mi
  • Carmel High School33.9 mi
  • IU Health North Hospital34.4 mi

PROPERTY DETAILS

Living Area

4,514 sq ft

Year Built

1974

Stories

Two

Subdivision

No Subdivision

Bedrooms

4

Bathrooms

3 full

Garage

3 spaces

School District

MSD Martinsville Schools

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