$275,000
$110K PRICE DROP

1038 Cedar Ln Spencer, IN 47460

Estimated payment $1,744/month

Total Views 4,506
4 Beds
1 Bath
1,854 Sq Ft
$148 Price per Sq Ft

Highlights

  • 33.8 Acre Lot
  • 1 Fireplace
  • Forced Air Heating and Cooling System
  • Heavily Wooded Lot
  • 1 Car Attached Garage
  • Spring water is a source of water for the property

About This Home

Welcome to an amazing opportunity! This property is for sale via Auction. To place a bid please visit Abundant Auctions' website, bidding period will be from 7/25 12:01 AM EST to 7/28 11:59 PM EST. This 33.8-acre property offers a unique blend of rustic charm and modern convenience. It features two spacious pole barns, a scenic fieldstone rock formation, the House Field, and the historic Stonehouse. A natural spring, securely fenced for livestock, provides a reliable source of drinking water. The land is dotted with mature trees—many of which hold significant timber value—and offers excellent opportunities for hunting and outdoor recreation.Equipped with five horse stalls, the property is ideal for equestrian use. Recent improvements include newly paved roads for easy access. High-speed fiber internet is available, making this an ideal retreat for those looking to live off the grid without sacrificing connectivity—perfect for a remote home office or peaceful country living.

Listing Agent

Ken Nissley

Kenter Real Estate Brokerage Email: kennissley@gmail.com Listed on: 06/25/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,952

Year Built

  • Built in 1860

Lot Details

  • 33.8 Acre Lot
  • Heavily Wooded Lot

Parking

  • 1 Car Attached Garage

Home Design

  • Metal Roof
  • Block Exterior

Interior Spaces

  • 1.5-Story Property
  • 1 Fireplace
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 1 Full Bathroom

Schools

  • Mccormicks Creek Elementary School
  • Owen Valley Middle School
  • Owen Valley High School

Utilities

  • Forced Air Heating and Cooling System
  • Spring water is a source of water for the property
  • Private Company Owned Well
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 60-17-31-304-130.002-016
  • Seller Concessions Not Offered

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,952

Year Built

Built in 1860

Lot Details

0

Parking

1

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1860
  • Age: 165
  • Style: One and Half Story
  • Total Number of Rooms: 8
  • Total Number of Rooms Below Grade: 1
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: In Se Sw S31 T9 R3 33.804A Retired Title
  • Parcel Number ID: 60-17-31-304-130.002-016
  • Platted: Yes
  • Year Taxes Payable: 2024
  • Special Features: Auction
  • Stories: 1

Interior Features

  • Total Sq Ft: 2652
  • Total Finished Sq Ft: 1854
  • Above Grade Finished Sq Ft: 1854
  • Below Grade Sq Ft: 798
  • Price Per Sq Ft: 148.33
  • Basement: Yes
  • Basement Foundation: Partial Basement
  • Number Of Fireplaces: 1
  • Fireplace: Family Rm
  • Fireplace: Yes
  • Living Great Room: Dimensions: 25x17, On Level: Main
  • Kitchen: Dimensions: 16x15, On Level: Main
  • Family Room: Dimensions: 23x15, On Level: Main
  • Bedroom 1: Dimensions: 17x16, On Level: Main
  • Bedroom 2: Dimensions: 15x11, On Level: Main
  • Bedroom 3: Dimensions: 17x11, On Level: Upper
  • Bedroom 4: Dimensions: 16x11, On Level: Upper
  • Main Level Sq Ft: 1854
  • Number of Main Level Full Bathrooms: 1
  • Total Below Grade Sq Ft: 798

Exterior Features

  • Exterior: Block
  • Roof Material: Metal
  • Outbuilding1: Horse Facilities, Dimensions: 60x30, 1792
  • Outbuilding2: Pole/Post Building, 952

Garage/Parking

  • Garage Type: Attached
  • Garage Number Of Cars: 1
  • Garage Size: Dimensions: 33x10
  • Garage Sq Ft: 330
  • Garage: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Forced Air
  • Sewer: Septic
  • Water Utilities: Spring
  • Laundry: Dimensions: Mainx6, On Level: 11
  • Well Type: Private

Schools

  • School District: Spencer-Owen Community Schools
  • Elementary School: Mccormicks Creek
  • Middle School: Owen Valley
  • High School: Owen Valley
  • Elementary School: Mccormicks Creek

Lot Info

  • Lot Description: Heavily Wooded
  • Lot Dimensions: 1169x820 irregular
  • Estimated Lot Sq Ft: 1472328
  • Estimated Lot Size Acres: 33.8

Tax Info

  • Annual Taxes: 2952

MLS Schools

  • High School: Owen Valley
  • Middle School: Owen Valley
  • School District: Spencer-Owen Community Schools

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,953 $219,600 $47,200 $172,400
2023 $2,940 $204,900 $43,500 $161,400
2022 $3,044 $198,200 $39,600 $158,600
2021 $2,912 $167,200 $37,600 $129,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2025 07/14/25 Price Changed $275,000 -16.7% $148 / Sq Ft
07/11/2025 07/11/25 Price Changed $330,000 -14.3% $178 / Sq Ft
06/25/2025 06/25/25 For Sale $385,000 -- $208 / Sq Ft
Source: Indiana Regional MLS

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Warranty Deed -- None Available
Source: Public Records

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Source: Indiana Regional MLS

MLS Number: 202524440

Indiana Regional MLS

APN: 60-17-31-304-130.002-016