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Land with Home for Sale in Spencer, Indiana

1120 Cedar Ln, Spencer, IN 47460

$114,900
2.5 acres
Pending sale
Under contract

This ranch home offers a functional single-story layout with solid structural foundation. The property presents an opportunity for those seeking straightforward, accessible living space. This property presents a compelling investment opportunity with three bedrooms and one bathroom, situated on a private wooded lot with rolling hills views. The home offers substantial potential for value creation through strategic renovations and updates, making it ideal for investors or buyers seeking a project with strong upside potential. The private wooded setting provides natural seclusion and tranquility, while the rolling hills views add scenic beauty that enhances the property's inherent appeal. This combination of privacy and vistas creates a desirable foundation that cannot be easily replicated in more developed areas. The established lot characteristics and scenic backdrop offer lasting value that will complement future improvements. For those looking to build equity through renovation, this home provides solid bones in a naturally attractive setting, positioning it well for transformation into a standout property in the neighborhood. Schedule your tour today to see this ranch home's good bones and explore the possibilities this property and location have to offer. Seller required the property to be on the market for a full 7 days before reviewing any offers.

1,500
Sq feet
3
Beds
1
Full bath
1
1/2 bath
1994
Built

Location

Street address
1120 Cedar Ln
Zip code
47460
School district
Spencer-Owen Community Schools
Elevation
611 feet
Coordinates
39.1711, -86.7887

Directions

From Bloomington take Hwy 48 to Hwy 43. Take Hwy 43 to Left on Porter Ridge Road, Left on Switchboard Road and Right on Cedar Lane. follow to home on the left side of the street. Watch for Realtor signage and house numbers on mailbox.

Property details

Acreage
2.5 acres
MLS #
BMLS 202603470
Posted

Property taxes

2025
$1,287

Parcels

  • 60-17-31-300-140.000-016

Details and features

Listing

Type
Residential
Subtype
Single Family Residence

Lot

Features
Irregular, Partially Wooded, Rolling, Rural, Slope, Wooded

Structure

Style
Ranch
Stories
1
Basement
Block
Water
Well Needed
Roof
Asphalt

Interior

Room Count
7
Rooms
Bathroom x 2, Bedroom x 3, Laundry Room

Nearby schools

NameTypeDistrict
SpencerElementarySpencer-Owen Community Schools
Owen ValleyMiddleSpencer-Owen Community Schools
Owen ValleyHighSpencer-Owen Community Schools

Listing history

DateEventPriceChangeSource
July 2, 2026Under contract$114,900BMLS
Mar 26, 2026Price drop$114,900$5,000 -4.2%BMLS
Feb 28, 2026Price drop$119,900$5,000 -4%BMLS
Feb 4, 2026New listing$124,900BMLS
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This 2.5-acre property is located at 1120 Cedar Ln in Spencer, IN 47460. The property is pending sale. It has a 1,500 square foot 3-bedroom, 1.5-bath house built in 1994.

Listed by Evergreen Real Estate & Auctions, (812) 335-1100

Checked 2 hours agoUpdated

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