NOT LISTED FOR SALE

1375 River Rd Spencer, IN 47460

Estimated Value: $227,000 - $241,000

3 Beds
1.5 Baths
1,470 Sq Ft
$159/Sq Ft Est. Value

Last Sold September 27, 2023

Last sale price $225,000 $153 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $1,355/month

53 Days on Market

Highlights

  • 300 Feet of Waterfront
  • The river is a source of water for the property
  • Wood Siding
  • Zoned Heating and Cooling

About This Home

As of September 2023

Welcome to 1375 River Road, a rare and fully remodeled river-front property in Spencer, Indiana. Nestled against the White River on 2.7 acres, this home offers an ideal location for nature lovers, just 1.2 miles from McCormick's Creek State Park and a short walk to the nearest boat ramp. This thoughtfully upgraded home features an all-new kitchen with modern appliances, new flooring, and fresh paint, creating an inviting and elegant interior. Enjoy the comfort of high-efficiency heating and cooling units, individually zoned for each room, ensuring optimal energy savings and personalized comfort. Step onto the large back deck perfectly positioned to overlook the river, providing a serene spot for morning coffees and evening beverages. The property also includes heated supply water lines and an insulated subfloor, guaranteeing a cozy living environment all year round. A detached carport with partially finished office space adds versatility to the property, ready to adapt to your needs, whether for work or creative pursuits. Embrace a lifestyle of natural beauty, convenience, and relaxation at 1375 River Road. With ample space for recreational activities and gardening, this property caters to your desire for a connection to nature. Escape the city while still having easy access to nearby amenities, schools, and shopping centers. Don't miss this chance to own a river-front property that fulfills all your desires. Schedule your private tour today and experience the magic of this exceptional home firsthand.

Last Listed By

Chris Berg

eXp Realty LLC Brokerage Phone: 812-318-0050 Listed on: 07/29/2023

eXp Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,281

Year Built

  • Built in 1994

Lot Details

  • 2.7 Acre Lot
  • 300 Feet of Waterfront
  • Home fronts a canal

Home Design

  • Wood Siding

Interior Spaces

  • 1,470 Sq Ft Home
  • 1.5-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms

Basement

  • Exterior Basement Entry
  • Crawl Space

Schools

  • Spencer Elementary School
  • Owen Valley Middle School
  • Owen Valley High School

Utilities

  • Zoned Heating and Cooling
  • Cooling System Mounted In Outer Wall Opening
  • The river is a source of water for the property
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 60-10-28-100-100.000-027

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,281

Year Built

Built in 1994

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 1994
  • Age: 29
  • Style: One and Half Story
  • Total Number of Rooms: 7
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 1
  • Total Number of Half Bathrooms: 1
  • Legal Description: IN NE S28 T10 R3 2.70A
  • Parcel Number ID: 60-10-28-100-100.000-027
  • Platted: Yes
  • Sp Lp Percent: 97.83
  • Year Taxes Payable: 2023
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 1470
  • Total Finished Sq Ft: 1470
  • Above Grade Finished Sq Ft: 1470
  • Price Per Sq Ft: 153.06
  • Basement Foundation: Crawl, Outside Entrance
  • Bedroom 1: Dimensions: 12x12, On Level: Main
  • Bedroom 2: Dimensions: 12x12, On Level: Main
  • Bedroom 3: Dimensions: 12x15, On Level: Upper
  • Number of Main Level Full Bathrooms: 1

Exterior Features

  • Exterior: Wood
  • Outbuilding1: Pole/Post Building, Dimensions: 10x36
  • Water Frontage: 300
  • Water Name: White River

Utilities

  • Cooling: Wall AC, Multiple Cooling Units
  • Heating Fuel: Multiple Heating Systems
  • Sewer: Septic
  • Water Utilities: Public
  • Hvac: Zoned Air Condtioning, Zoned Heating
  • Water Type: River

Schools

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

Lot Info

  • Lot Description: Waterfront, Flood Plain, Waterfront-High Bank
  • Estimated Lot Sq Ft: 117612
  • Estimated Lot Size Acres: 2.7

Tax Info

  • Annual Taxes: 1280.7

Multi Family

  • Water Access: Channel Front/Canal

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2023
Closed on
Sep 25, 2023
Sold by
Barrett Jeffrey Michael and Barrett Erin
Bought by
Dugan Reagan Girace and Sullivan Matthew Mcconnell
Seller's Agent
Chris Berg
eXp Realty LLC
Buyer's Agent
Sarah Noel
The Stewart Home Group
List Price
$230,000
Sold Price
$225,000
Premium/Discount to List
-$5,000
-2.17%
Total Days on Market
53
Views
211
Current Estimated Value
$233,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,333
Avg. Annual Appreciation
2.28%
Original Mortgage
$180,000
Outstanding Balance
$177,256
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$56,077

Purchase Details

Closed on
Feb 17, 2023
Sold by
Dsv Spv2 Llc
Bought by
Barrett Jeffrey Michael and Barrett Erin

Purchase Details

Closed on
Jul 24, 2017

Purchase Details

Closed on
Sep 4, 2013
Bought by
Kaja Holdings Llc

Purchase Details

Closed on
Mar 21, 2013
Sold by
Richardson Chester
Bought by
Phillip A Pluister Trust

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Dugan Reagan Girace $225,000 None Listed On Document
Barrett Jeffrey Michael -- --
-- -- --
Dsv Spv2 Llc $25,400 None Available
Kaja Holdings Llc $15,900 --
Phillip A Pluister Trust $52,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dugan Reagan Girace $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2023 09/27/23 Sold $225,000 -2.2% $153 / Sq Ft
07/29/2023 07/29/23 For Sale $230,000 -- $156 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

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 $726 $121,000 $26,000 $95,000
2023 $482 $84,500 $26,000 $58,500
2022 $1,220 $74,600 $24,600 $50,000
2021 $1,265 $68,900 $24,600 $44,300
2020 $730 $40,800 $24,600 $16,200
2019 $620 $32,700 $16,800 $15,900
2018 $506 $26,400 $11,400 $15,000
2017 $478 $25,400 $11,400 $14,000
2016 $467 $25,400 $11,400 $14,000
2014 $1,004 $53,200 $33,400 $19,800
2013 -- $52,000 $33,400 $18,600
Source: Public Records

Agents Affiliated with this Home

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Source: Indiana Regional MLS

MLS Number: 202326758

Indiana Regional MLS

APN: 60-10-28-100-100.000-027