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ActivePrice cut: $6K (8/25)
$372,900
3beds
2,128sqft

1845 S Us Highway 231, Spencer, IN 47460

3beds
2,128sqft
Single family residence
Built in 1948
3.73 Acres
2 Garage spaces

What's special

Covered front porchPrivate primary suiteConvenient main-level laundrySpacious eat-in kitchenAbundant cabinetry

Welcome home to this beautifully remodeled peaceful country property situated on almost 4 acres in Spencer! This charming home offers the perfect blend of modern updates and rural tranquility. Inside, you’ll find a spacious eat-in kitchen featuring an island, abundant cabinetry, and all new stainless steel appliances. The main level includes two bedrooms, including a private primary suite, convenient main-level laundry, and a cozy living room that opens to a covered front porch — perfect for enjoying quiet mornings or relaxing evenings. Upstairs offers a large additional bedroom or bonus space, while the basement provides excellent storage and potential for future finished living space. With plenty of room to spread out both inside and out, this property is ideal for those seeking privacy, space for hobbies, or simply a peaceful setting with easy access to town. Don’t miss this move-in ready home with acreage and endless possibilities!

134 days
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343
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27
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Source: IRMLS,MLS#: 202619540MLS Logo
Travel times

Living Room

Kitchen

Dining Room

Bathroom

Basement

Zillow last checked:

Listing updated:

Listed by:

Eweami Powers Offc:812-961-8000,

The Indiana Team LLC

Source: IRMLS,MLS#: 202619540MLS Logo

Facts & features

Interior

Bedrooms & bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2
  • Main level bedrooms: 2
Bedroom 1
  • Level: Main
Bedroom 2
  • Level: Main
Kitchen
  • Level: Main
  • Area: 286
  • Dimensions: 22 x 13
Living room
  • Level: Main
  • Area: 204
  • Dimensions: 17 x 12
Heating
  • Natural Gas, Other
Cooling
  • Central Air, Ceiling Fan(s)
Appliances
  • Included: Dishwasher, Microwave, Refrigerator, Electric Range
  • Laundry: Electric Dryer Hookup, Main Level, Washer Hookup
Features
  • Eat-in Kitchen, Kitchen Island, Stand Up Shower, Tub/Shower Combination, Main Level Bedroom Suite
  • Basement: Full
  • Has fireplace: No
  • Fireplace features: None
Interior area
  • Total structure area: 3,332
  • Total interior livable area: 2,128 sqft
  • Finished area above ground: 2,128
  • Finished area below ground: 0
Video & virtual tour

Property

Parking
  • Total spaces: 2
  • Parking features: Detached
  • Garage spaces: 2
Features
  • Levels: One and One Half
  • Stories: 1.5
  • Patio & porch: Deck, Porch Covered
  • Exterior features: Workshop
Lot
  • Size: 3.73 Acres
  • Dimensions: 330x21x136x210x346x238x391x118x313
  • Features: Irregular Lot
Details
  • Additional structures: Second Garage
  • Parcel number: 601031200220.000027

Construction

Type & style
  • Home type: SingleFamily
  • Property subtype: Single Family Residence
Materials
  • Wood Siding
Condition
  • New construction: No
  • Year built: 1948

Utilities & green energy

  • Sewer: Septic Tank
  • Water: City

Community & HOA

Community
  • Subdivision: None
Location
  • Region: Spencer

Financial & listing details

  • Tax assessed value: $228,900
  • Annual tax amount: $2,948
  • Date on market: 5/22/2026

Price history

DateEventPrice
8/25/2026Price change$372,900-1.6%
Source: IRMLS #202619540
6/25/2026Price change$378,900-2.1%
Source: IRMLS #202619540
5/22/2026Listed for sale$386,900-0.5%
Source: IRMLS #202619540
4/29/2026Listing removed$388,900
Source: IRMLS #202544292
2/5/2026Price change$388,900-1.5%
Source: IRMLS #202544292
10/31/2025Listed for sale$394,9000%
Source: IRMLS #202544292
10/25/2025Listing removed--
Source: Owner
10/20/2025Price change$395,000-1.3%$186/sqft
Source: Owner
9/12/2025Listed for sale$400,000+175.9%$188/sqft
Source: Owner
7/19/2024Sold$145,000-27.1%$68/sqft
Source: MIBOR as distributed by MLS GRID #21983573
7/3/2024Pending sale$199,000$94/sqft
Source: MIBOR as distributed by MLS GRID #21983573
6/24/2024Price change$199,000-5.2%$94/sqft
Source: MIBOR as distributed by MLS GRID #21983573
6/6/2024Listed for sale$210,000+600%$99/sqft
Source: MIBOR as distributed by MLS GRID #21983573
6/13/2014Sold$30,000-24.8%$14/sqft
Source: MIBOR as distributed by MLS GRID #21273804
2/5/2014Listed for sale$39,900-38.6%$19/sqft
Source: RE/MAX Select Associates #201402548
11/8/2013Sold$65,000-18.6%$31/sqft
Source: Agent Provided
7/11/2013Listing removed$79,900$38/sqft
Source: Listhub #432162
1/12/2013Listed for sale$79,900$38/sqft
Source: Dan Rarey Real Estate #20130177

Public tax history

YearProperty taxesTax assessment
2025$1,214 +4.1%$228,900 +32.6%
2024$1,167 +5.2%$172,600 +6.1%
2023$1,109 +3.7%$162,700 +11.6%
2022$1,070 +9.2%$145,800 +11.2%
2021$980 +11.1%$131,100 +4.3%
2020$882 +20.2%$125,700 +11.2%
2019$734 +9.3%$113,000 +9.5%
2018$671 +1.2%$103,200 +4.5%
2017$664 $98,800 -0.6%
2016$664 +0.3%$99,400 +2.5%
2014$662 +1.4%$97,000 +6.1%
2013$653 +219.4%$91,400 -1.2%
2012$204 +208.8%$92,500 +10.3%
2011$66 -37.7%$83,900 -2.8%
2010$106 -36.6%$86,300 -5.4%
2009$168 -55.4%$91,200 +2.1%
2007$376 -2.8%$89,300 +1.9%
2006$386 $87,600

Find assessor info on the county website

Monthly payment

Est. payment
$2,256/mo
Principal & interest
$2048
Property taxes
$208
More affordability toolsChevron Right

Estimated market value

$360,400

$342,000 - $378,000

$1,978/mo

Climate risks

Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.

Neighborhood: 47460

Nearby schools

Spencer Elementary School
Grades PK-6 • 2.4 miles
5/10
GreatSchools® Rating
Test Score Rating
5/10
Academic Progress Rating
4/10
Owen Valley Middle School
Grades 7-8 • 1.8 miles
6/10
GreatSchools® Rating
Test Score Rating
5/10
Academic Progress Rating
6/10
Owen Valley Community High School
Grades 9-12 • 1.8 miles
8/10
GreatSchools® Rating
College Readiness Rating
8/10