
Residential Land with Home for Sale in Spencer, Indiana
507 N US Highway 231, Spencer, IN 47460
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.
Location
- Street address
- 507 N US Highway 231
- County
- Owen County
- School district
- Spencer-Owen Community Schools
- Elevation
- 628 feet
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
| Category | Type | Status | Description |
|---|---|---|---|
| Power | Grid | Available | — |
| Gas | Natural Gas | Connected | — |
Nearby schools
| Name | Level | District | Description |
|---|---|---|---|
| Spencer | Elementary | Spencer-Owen Community Schools | — |
| Owen Valley | Middle | Spencer-Owen Community Schools | — |
| Owen Valley | High | Spencer-Owen Community Schools | — |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Dec 2, 2025 | Price drop | $249,900 | $20,000 -7.4% | BMLS |
| Oct 24, 2025 | Price drop | $269,900 | $10,000 -3.6% | BMLS |
| Oct 3, 2025 | Price drop | $279,900 | $10,000 -3.4% | BMLS |
| Sept 18, 2025 | New listing | $289,900 | — | BMLS |



































