So much potential in this 2-bedroom, 1-bath home offering approximately 1,135 square feet of living space on one level and on a convenient corner lot in town. In addition to the two bedrooms, a versatile office/bonus room provides flexible space for work, hobbies, or other needs. Numerous recent improvements add value and peace of mind, including a new roof with gutter guards, new garage with automatic opener, new water heater, updated PEX plumbing, and new sewer lines from the home to the city connection in the alley. The kitchen features a new range and hood microwave, while the furnace has been professionally maintained and updated with a new control board. The hot tub has also been serviced with a new control board. Outside, you'll appreciate the recently added concrete driveway complete with apron and drainage. Situated on a corner lot, this property offers the convenience of in-town living with easy access to local shopping, dining, schools, parks, and everyday amenities. If you're looking for a home with major mechanical updates already completed and a functional floor plan, this property is ready for you to make it your own.
Active
$185,900
501 W Jefferson St, Spencer, IN 47460
2beds
1,135sqft
:
Get pre-qualified$1,185/mo
Residential, Single Family Residence
Built in 1900
3,920 Square Feet Lot
$-- Zestimate®
$164/sqft
$-- HOA
What's special
Convenient corner lot
- 4 days |
- 262 |
- 10 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Trent Keith 812-821-8499,
Keith Realty & Auction Group
Source: MIBOR as distributed by MLS GRID,MLS#: 22118886
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Primary bedroom
- Level: Main
- Area: 140 Square Feet
- Dimensions: 14x10
Bedroom 2
- Level: Main
- Area: 78 Square Feet
- Dimensions: 13x6
Dining room
- Level: Main
- Area: 110 Square Feet
- Dimensions: 10x11
Kitchen
- Level: Main
- Area: 130 Square Feet
- Dimensions: 10x13
Laundry
- Level: Main
- Area: 60 Square Feet
- Dimensions: 10x6
Living room
- Level: Main
- Area: 224 Square Feet
- Dimensions: 16x14
Office
- Level: Main
- Area: 80 Square Feet
- Dimensions: 10x8
Sun room
- Level: Main
- Area: 280 Square Feet
- Dimensions: 20x14
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Dryer, Electric Water Heater, MicroHood, Electric Oven, Washer
Features
- Built-in Features, Hardwood Floors
- Flooring: Hardwood
- Has basement: Yes
Interior area
- Total structure area: 1,135
- Total interior livable area: 1,135 sqft
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Carport, Detached
- Garage spaces: 1
- Has carport: Yes
Features
- Levels: One
- Stories: 1
Lot
- Size: 3,920 Square Feet
Details
- Parcel number: 601020400400272028
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Other
- Property subtype: Residential, Single Family Residence
Materials
- Vinyl Siding
- Foundation: Block, Crawl Space, Partial
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Water: Public
Community & HOA
Community
- Subdivision: No Subdivision
HOA
- Has HOA: No
Location
- Region: Spencer
Financial & listing details
- Price per square foot: $164/sqft
- Tax assessed value: $126,900
- Annual tax amount: $856
- Date on market: 8/8/2026
- Cumulative days on market: 6 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/8/2026 | Listed for sale | $185,900 |
Source:  IRMLS #202632294 Report a problem | ||
| 7/31/2026 | Listing removed | $185,900$164/sqft |
Source:  MIBOR as distributed by MLS GRID #22091242 Report a problem | ||
| 7/29/2026 | Price change | $185,900-2.1% |
Source: IRMLS #202609861 Report a problem | ||
| 6/19/2026 | Price change | $189,900-2.6% |
Source: IRMLS #202609861 Report a problem | ||
| 3/25/2026 | Listed for sale | $195,000+66.1% |
Source: IRMLS #202609861 Report a problem | ||
| 11/7/2019 | Sold | $117,400$103/sqft |
Source: Agent Provided Report a problem | ||
| 9/9/2019 | Price change | $117,400-2.1%$103/sqft |
Source: Millican Realty #201933384 Report a problem | ||
| 8/4/2019 | Listed for sale | $119,900+59.9%$106/sqft |
Source: Millican Realty #201933384 Report a problem | ||
| 7/26/2018 | Sold | $75,000$66/sqft |
Source: Agent Provided Report a problem | ||
| 5/3/2018 | Listed for sale | $75,000$66/sqft |
Source: Millican Realty #201817986 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $969 +7.3% | $126,900 +7.3% |
| 2024 | $903 +76.1% | $118,300 +7.6% |
| 2023 | $513 +8.4% | $109,900 +39.3% |
| 2022 | $473 +21.5% | $78,900 +7.9% |
| 2021 | $389 +7.2% | $73,100 +6.6% |
| 2020 | $363 +7.7% | $68,600 +9.1% |
| 2019 | $337 +18.5% | $62,900 +7.2% |
| 2018 | $284 +2.8% | $58,700 +11% |
| 2017 | $277 | $52,900 -0.2% |
| 2016 | $277 -24.1% | $53,000 +1.7% |
| 2014 | $364 +29.8% | $52,100 +1% |
| 2013 | $280 -4.4% | $51,600 +1.2% |
| 2012 | $293 -9% | $51,000 +9.7% |
| 2011 | $322 +6.3% | $46,500 +12% |
| 2010 | $303 +0.9% | $41,500 -5.9% |
| 2009 | $300 -7.3% | $44,100 +8.6% |
| 2007 | $324 -18.6% | $40,600 +2.3% |
| 2006 | $398 | $39,700 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 47460
Nearby schools
GreatSchools rating
- 4/10Spencer Elementary SchoolGrades: PK-6Distance: 0.6 mi
- 7/10Owen Valley Middle SchoolGrades: 7-8Distance: 0.8 mi
- 4/10Owen Valley Community High SchoolGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- Elementary: Spencer Elementary School
- 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.
- $107,5002 bd1 ba752 sqft110 S Short St, Spencer, IN 47460Off Market
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- $150,9002 bd1 ba1.2k sqft489 W Jefferson St, Spencer, IN 47460Off Market
- $141,400-- bd2 ba1.3k sqft518 W Market St, Spencer, IN 47460Off Market
- $85,1003 bd1 ba1k sqft552 W Market St, Spencer, IN 47460Off Market
- $135,0002 bd1 ba1.1k sqft506 W Market St, Spencer, IN 47460Sold
- $171,000-- bd-- ba9.2k sqft408 W Market St, Spencer, IN 47460Off Market
- $281,400-- bd2 ba2.1k sqft339 N Jefferson St, Spencer, IN 47460Off Market
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.
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