Explore the possibilities with this expansive 14-acre farm lot located in the heart of rural Owen County! Situated along Patricksburg Rd in Spencer, IN, this prime piece of agricultural land offers the perfect setting for your dream homestead, farming operation, or country getaway. The property features open, tillable acreage ideal for crops, livestock, or pasture use, with electric and water facilities readily available at the road-making development and utility setup a breeze. In addition to its agricultural potential, the lot includes a serene pond, wooded areas, and a natural spring, enhancing its charm and offering a diverse landscape for both recreation and relaxation. Whether you're looking to build your dream home, start a farm, or invest in land with great potential, this parcel offers a peaceful rural lifestyle surrounded by natural beauty and open skies. Don't miss out on this rare opportunity to own versatile farmland in a quiet, scenic setting just a short drive from Spencer and local amenities.
Sold
$125,000
5554 Patricksburg Rd, Spencer, IN 47460
--beds
--baths
14Acres
Unimproved Land, Farm
Built in ----
14 Acres Lot
$-- Zestimate®
$--/sqft
$1,204 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,204/mo
Zestimate® history
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$1,204/mo
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$598/mo
Est. payment
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Est. payment
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List your homeWhat's special
Serene pondNatural springWooded areasOpen tillable acreageSituated along patricksburg rd
Zillow last checked:
Listing updated:
Listed by:
Vincent Ferguson 317-710-9294,
Mark Dietel Realty, LLC
Bought with:
Vincent Ferguson
Mark Dietel Realty, LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22045439
Facts & features
Property
Lot
- Size: 14 Acres
- Features: Rural - Not Subdivision, Mature Trees, Rural, Wooded
- Topography: Pasture,Sloping,Wooded
Details
- Parcel number: 601129100100000022
- Zoning: Agricultural
- Zoning description: Agricultur
- Horse amenities: None
Utilities & green energy
- Water: Municipal Water on Site
Community & HOA
Community
- Subdivision: No Subdivision
HOA
- Has HOA: No
Location
- Region: Spencer
Financial & listing details
- Tax assessed value: $76,700
- Annual tax amount: $950
- Date on market: 6/18/2025
- Cumulative days on market: 167 days
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 2/27/2026 | Sold | $125,000-3.8% |
Source:  MIBOR as distributed by MLS GRID #22045439 Report a problem | ||
| 12/1/2025 | Pending sale | $129,900 |
Source: MIBOR as distributed by MLS GRID #22045439 Report a problem | ||
| 9/15/2025 | Price change | $129,900-0.1% |
Source:  IRMLS #202523310 Report a problem | ||
| 6/18/2025 | Listed for sale | $130,000 |
Source: MIBOR as distributed by MLS GRID #22045439 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $950 -4.2% | $76,700 +5.1% |
| 2024 | $992 +3.3% | $73,000 +2.4% |
| 2023 | $960 +0.9% | $71,300 +10.9% |
| 2022 | $951 +5.4% | $64,300 +14.6% |
| 2021 | $903 -3.7% | $56,100 +3.9% |
| 2020 | $938 -61.7% | $54,000 +2.7% |
| 2019 | $2,446 +80.7% | $52,600 +2.7% |
| 2018 | $1,354 -21.2% | $51,200 +0.2% |
| 2017 | $1,718 -11.5% | $51,100 +10.1% |
| 2016 | $1,940 +138.5% | $46,400 +1.3% |
| 2014 | $813 +782.9% | $45,800 +5% |
| 2013 | $92 +29.6% | $43,600 -1.4% |
| 2012 | $71 +13.8% | $44,200 +2.3% |
| 2011 | $62 -29.2% | $43,200 -4% |
| 2010 | $88 | $45,000 |
Find assessor info on the county website
Neighborhood: 47460
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Nearby schools
GreatSchools rating
- 7/10Patricksburg Elementary SchoolGrades: PK-6Distance: 4.8 mi
- 7/10Owen Valley Middle SchoolGrades: 7-8Distance: 4.8 mi
- 4/10Owen Valley Community High SchoolGrades: 9-12Distance: 4.9 mi
Schools provided by the listing agent
- 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.
- Indiana
- Owen County
- Spencer
- 47460
- 5554 Patricksburg Rd
Nearby cities
Nearby zip codes
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