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Residential Land with Home for Sale in Spencer, Indiana

507 N US Highway 231, Spencer, IN 47460

$249,900
3 acres
Active
$20k drop
Est $1,339/mo

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.

2,078
Sq feet
3
Beds
2
Full baths
1965
Built

Location

Street address
507 N US Highway 231
School district
Spencer-Owen Community Schools
Elevation
628 feet
Coordinates
39.2974, -86.7497

Directions

Head north on US Hwy 231 from Spencer. Home will be on left approximately 1 mile from Spencer.

Property details

Acreage
2.94 acres
MLS #
BMLS 202537797
Posted

Property taxes

Recent
$1,380

Parcels

  • 60-10-16-400-400.000-027

Details and features

Listing

Type
Residential
Subtype
Single Family Residence
Franchise
Century 21 Real Estate

Structure

Style
Ranch
Stories
1
Heating
Fireplace(s), Natural Gas
Cooling
Central Air
Roof
Shingle

Interior

Room Count
7
Rooms
Bathroom x 2, Bedroom x 3, Dining Room, Family Room, Great Room, Kitchen, Laundry, Living Room
Appliances
Electric Range, Microwave, Range
Features
1 st Bedroom En Suite, Dishwasher, Dryer Hook Up Electric, Landscaped, Main Floor Laundry, Patio Open, Range/Oven Hook Up Elec, Refrigerator, Stand Up Shower, Tub and Separate Shower, Washer Hook-Up, Window Treatments

Property utilities

CategoryTypeStatusDescription
PowerGridAvailable
GasNatural GasConnected

Nearby schools

NameLevelDistrictDescription
SpencerElementarySpencer-Owen Community Schools
Owen ValleyMiddleSpencer-Owen Community Schools
Owen ValleyHighSpencer-Owen Community Schools

Listing history

DateEventPriceChangeSource
Dec 2, 2025Price drop$249,900$20,000 -7.4%BMLS
Oct 24, 2025Price drop$269,900$10,000 -3.6%BMLS
Oct 3, 2025Price drop$279,900$10,000 -3.4%BMLS
Sept 18, 2025New listing$289,900BMLS
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This 2.94-acre property is located at 507 N US Highway 231 in Spencer, IN 47460. The property is available for sale for $249,900. It has a 2,078 sq ft 3 bedroom, 2 bath house built in 1965.

Checked 1 hour ago — Updated

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