Picture your future home taking shape on this beautiful, level .37-acre lot at 127 Walnut Road in the Four Oaks community. With utilities and fiber internet available, you're well positioned for a seamless custom build. This build-to-suit opportunity - with no spec homes permitted - ensures a neighborhood filled with thoughtfully designed, well-crafted homes created specifically for the people who live there. Life at Four Oaks is about enjoying a slower pace and a stronger sense of connection. Residents have access to a private lake with a scenic walking trail, a neighborhood dog park, a welcoming community clubhouse, sidewalks, and open green spaces that encourage time outdoors. Conveniently located just minutes from schools, shopping, and local dining and a short drive to Bloomington, this setting offers the perfect balance of peaceful living and everyday convenience. Put down roots, enjoy the surroundings, and build the home you've always envisioned at Four Oaks.
Active
$54,900
127 Walnut St, Spencer, IN 47460
--beds
--baths
0.37Acres
Unimproved Land, Residential Lots
Built in ----
0.37 Acres Lot
$-- Zestimate®
$--/sqft
$25/mo HOA
What's special
- 250 days |
- 20 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Robert Ranard 844-821-6051,
HOME TEAM Properties
Source: MIBOR as distributed by MLS GRID,MLS#: 22070410
Facts & features
Property
Lot
- Size: 0.37 Acres
- Features: Access, Rural - Subdivision, Irregular Lot, Platted Subdivision, Rural In Subdivsion
- Topography: Level
Details
- Additional structures: None
- Parcel number: 601026300370134027
- Zoning: Residential
- Zoning description: Planned Development,Single Family
- Horse amenities: None
Utilities & green energy
- Water: Public, Municipal Water on Site
Community & HOA
Community
- Subdivision: Four Oaks
HOA
- Has HOA: Yes
- Amenities included: Clubhouse, Snow Removal, Trail(s)
- Services included: Clubhouse, Snow Removal, Walking Trails
- HOA fee: $300 annually
Location
- Region: Spencer
Financial & listing details
- Date on market: 10/27/2025
- Cumulative days on market: 251 days
- Listing terms: Sell Entity
- Road surface type: Gravel
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/24/2025 | Listed for sale | $54,900 |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Estimated monthly payment$1,822
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 47460
Nearby schools
GreatSchools rating
- 8/10McCormick's Creek Elementary SchoolGrades: K-6Distance: 0.8 mi
- 7/10Owen Valley Middle SchoolGrades: 7-8Distance: 3.7 mi
- 4/10Owen Valley Community High SchoolGrades: 9-12Distance: 3.6 mi
Schools provided by the listing agent
- Elementary: McCormick's Creek Elementary Sch
- Middle: Owen Valley Middle School
- High: Owen Valley Community High School
Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Indiana
- Owen County
- Spencer
- 47460
- 127 Walnut St








