Welcome to this charming 3-bedroom, 2-bath ranch home nestled on 2.94 acres of serene hillside just a minute outside of Spencer. Offering both convenience and a peaceful retreat, this property combines modern comfort with a warm Tuscan-inspired flair. Step inside to find a cozy sitting room perfect for quiet mornings with a cup of coffee, and a spacious family room ideal for gatherings and relaxation. The inviting interiors reflect a rustic elegance, with rich tones and timeless style that bring a touch of the Tuscan countryside right into your home. The kitchen and dining areas flow seamlessly into the living spaces, creating a welcoming atmosphere. The primary suite offers a private escape with its own bath, while two additional bedrooms and a second full bath provide plenty of room for family or guests. Outdoors, the property truly shines. Nearly three acres of rolling hillside create a private oasis, whether you envision gardens, outdoor entertaining, or simply enjoying the peace of nature. A paved driveway adds convenience and curb appeal, while the setting provides the perfect balance of open space and wooded charm. With its close proximity to Spencer, this home offers both seclusion and accessibility—an ideal combination for those seeking a hillside retreat without sacrificing everyday convenience.
Closed
$245,000
507 N Us Highway 231, Spencer, IN 47460
3beds
2,078sqft
Single Family Residence
Built in 1965
2.94 Acres Lot
$246,600 Zestimate®
$--/sqft
$1,827 Estimated rent
Home value
$246,600
Estimated sales range
Not available
$1,827/mo
Zestimate® history
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List your homeWhat's special
Zillow last checked: 7 hours ago
Listing updated: January 08, 2026 at 01:52pm
Listed by:
Tara White Cell:812-821-1735,
Century 21 Scheetz - Bloomington
Bought with:
John Wells, RB14037623
Wells Auction & Realty
Source: IRMLS,MLS#: 202537797
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bedrooms: 3
Bedroom 1
- Level: Main
Bedroom 2
- Level: Main
Dining room
- Level: Main
- Area: 88
- Dimensions: 11 x 8
Family room
- Level: Main
- Area: 165
- Dimensions: 15 x 11
Kitchen
- Level: Main
- Area: 165
- Dimensions: 15 x 11
Living room
- Level: Main
- Area: 306
- Dimensions: 18 x 17
Heating
- Natural Gas
Cooling
- Central Air
Appliances
- Included: Range/Oven Hook Up Elec, Dishwasher, Microwave, Refrigerator, Electric Range
- Laundry: Electric Dryer Hookup, Main Level, Washer Hookup
Features
- 1st Bdrm En Suite, Stand Up Shower, Tub and Separate Shower
- Flooring: Laminate
- Windows: Double Pane Windows, Window Treatments
- Basement: None,Concrete
- Number of fireplaces: 2
- Fireplace features: Family Room, Living Room
Interior area
- Total structure area: 2,078
- Total interior livable area: 2,078 sqft
- Finished area above ground: 2,078
- Finished area below ground: 0
Property
Parking
- Parking features: Asphalt
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio
- Fencing: None
Lot
- Size: 2.94 Acres
- Features: Irregular Lot, Few Trees, Rolling Slope, 0-2.9999, Rural, Landscaped
Details
- Parcel number: 601016400400.000027
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Roof: Shingle
Condition
- New construction: No
- Year built: 1965
Utilities & green energy
- Electric: Duke Energy Indiana
- Gas: Community NatGas(Spencer)
- Sewer: None
- Water: Well
Community & neighborhood
Community
- Community features: None
Location
- Region: Spencer
- Subdivision: None
Other
Other facts
- Listing terms: Cash,Conventional,FHA,USDA Loan,VA Loan
Price history
| Date | Event | Price |
|---|---|---|
| 1/8/2026 | Sold | $245,000-2% |
Source:  IRMLS #202537797 Report a problem | ||
| 1/7/2026 | Pending sale | $249,900 |
Source: IRMLS #202537797 Report a problem | ||
| 11/29/2025 | Price change | $249,900-7.4% |
Source: IRMLS #202537797 Report a problem | ||
| 10/23/2025 | Price change | $269,900-3.6% |
Source: IRMLS #202537797 Report a problem | ||
| 10/3/2025 | Price change | $279,900-3.4% |
Source: IRMLS #202537797 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,313 +5.8% | $193,500 +7.1% |
| 2023 | $1,241 -2% | $180,600 +13.9% |
| 2022 | $1,266 +16.6% | $158,600 +8.4% |
Find assessor info on the county website
Neighborhood: 47460
Nearby schools
GreatSchools rating
- 3/10Spencer Elementary SchoolGrades: PK-6Distance: 0.9 mi
- 7/10Owen Valley Middle SchoolGrades: 7-8Distance: 1.8 mi
- 4/10Owen Valley Community High SchoolGrades: 9-12Distance: 1.8 mi
Schools provided by the listing agent
- Elementary: Spencer
- Middle: Owen Valley
- High: Owen Valley
- District: Spencer-Owen Community Schools
Source: IRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$246,600
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+$4,932
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$251,532
- Indiana
- Owen County
- Spencer
- 47460
- 507 N Us Highway 231