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Single Family ResidenceResidential
$124,119$156 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 96How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Sep 24, 2026
Last sold for $113,600 on Jan 7, 2021

540 S CHERRY ST

MARTINSVILLE, IN 46151
2
Beds
1
Baths
797 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.21 ac
Lot SizeThe size of the land the home sits on, from county records.
1897
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
4
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.

Valuation

$124K
$119K low$130K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$113,600 · Jan 7, 2021

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$497 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$100,400 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$21,800
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$78,600
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$94,900
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$100,400

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
CountyMORGAN
Lot (acres)The size of the land the home sits on, from county records.0.21
ConstructionThe main material the home's frame and walls are built from.Wood (Unspecified)
FoundationWhat the home is built on, such as a concrete slab, a crawl space, or a basement.Raised (Unspecified)
RoofThe main material covering the roof, such as asphalt shingle or tile.Asphalt
HeatingThe type of heating system in the home.Central
CoolingThe type of cooling or air conditioning in the home.Central
PoolWhether the property has a pool, and what kind, such as in-ground.No
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Shed · 96 ft²

Transaction History(5)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Poston Road Elementary SchoolC-
Elementary · Grades PK–4 · 0.7 mi
H
Martinsville High School
High · Grades 9–12 · 1.1 mi

District: Martinsville Schools Metropolitan School District

Neighborhood · ZIP 46151These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.107
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.114
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.49

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.93%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.14%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.6.8%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.3%
PopulationHow many people live in this area.33,498
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.161 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$81,935
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$94,879
Average tempThe average temperature here across a full year.52°F
Annual precipHow much rain and melted snow falls here in a typical year.43 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.55%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

540 S Cherry St measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth less than 98% of homes in Morgan County
  • Costs less per square foot than 73% of homes in Martinsville 46151
  • Smaller than 97% of homes in Morgan County
  • Has a smaller lot than 82% of homes in Martinsville 46151
  • Older than 97% of homes in Morgan County

What homes are worth in Martinsville 46151

Each bar is how many homes fall in that price range. The marker is this home.

This home
$110K$777K

This home is worth more than 3% of homes in Martinsville 46151.

How it measures up in Martinsville 46151

The dot is this home. The mark in the middle is the typical home in Martinsville 46151.

Estimated value$124,119
CheaperTypical $298,885Pricier

Pricier than 3% of homes nearby

Price per ft²$156
CheaperTypical $184Pricier

Pricier than 27% of homes nearby

Living area797 ft²
SmallerTypical 1,625 ft²Bigger

Bigger than 4% of homes nearby

Lot size0.21 ac
SmallerTypical 0.73 acBigger

Bigger than 18% of homes nearby

Year built1897
OlderTypical 1978Newer

Newer than 4% of homes nearby

How 540 S Cherry St ranks against every home in each area.
MeasureThis homeMartinsville 46151Morgan County
Estimated valuepricier than$124,1193% of homes2% of homes
Price per ft²pricier than$15627% of homes30% of homes
Living areabigger than797 ft²4% of homes3% of homes
Lot sizebigger than0.21 ac18% of homes19% of homes
Year builtnewer than18974% of homes3% of homes

About 540 S Cherry St

How much is 540 S Cherry St, Martinsville, IN worth?

The TopHap Estimate for 540 S Cherry St, Martinsville, IN is $124,119 as of Sep 24, 2026. The likely range is $118,671 to $129,567. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 540 S Cherry St, Martinsville, IN last sell?

540 S Cherry St, Martinsville, IN last sold on Jan 7, 2021 for $113,600, according to the county's recorded deed.

How big is 540 S Cherry St, Martinsville, IN?

540 S Cherry St, Martinsville, IN has 2 bedrooms, 1 bathrooms, 797 square feet of living space and a 0.21-acre lot.

When was 540 S Cherry St, Martinsville, IN built?

540 S Cherry St, Martinsville, IN was built in 1897, making it 129 years old. The building has 1 story.

What schools serve 540 S Cherry St, Martinsville, IN?

540 S Cherry St, Martinsville, IN is assigned to Poston Road Elementary School (elementary), rated C-; Martinsville High School (high). All sit in Martinsville Schools Metropolitan School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 540 S Cherry St, Martinsville, IN compare to other homes in Martinsville 46151?

Among the 12,898 homes in Martinsville 46151, it is worth more than 3% of them ($124,119 against a typical $298,885), its price per square foot is higher than 27% of them ($156 against a typical $184), it is bigger than 4% of them (797 ft² against a typical 1,625 ft²), its lot is bigger than 18% of them (0.21 ac against a typical 0.73 ac) and it is newer than 4% of them (1897 against a typical 1978). Measured against all of Morgan County, it is worth more than 2% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 540 S Cherry St, Martinsville, IN?

The 2025 property tax bill for 540 S Cherry St, Martinsville, IN was $497. The county assessed it at $100,400.

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