NOT LISTED FOR SALE

1523 Freeman Rd Spencer, IN 47460

Estimated Value: $219,000 - $251,163

3 Beds
1 Bath
1,920 Sq Ft
$123/Sq Ft Est. Value

Last Sold April 28, 2023

Last sale price $120,000 $62 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $1,387/month

3 Days on Market

Highlights

  • Ranch Style House
  • 4 Car Attached Garage
  • Central Air
  • Utility Room in Garage
  • Breakfast Bar
  • Geothermal Heating and Cooling

About This Home

As of April 2023

Truly a fixer upper with good bones. The home sits on 3/4 of an acre of land and is basically a ranch style home with a full walk out basement with a nice shop added on to the lower level. The home has 3 bedrooms on the main level, a single bathroom and a big living room. There is hardwood under the carpet. The walls are paneled, it has a small dining room and cute little kitchen with retro cabinets. The basement has a big open area, the furnace, water heater and laundry facilities are all on this lover level. There is a wood burning stove tied into the ductwork which helps heat the whole house. The furnace looks to be geothermal, but I do not believe it works. Great Garage Spaces. This home is in a great location and will make someone a nice home. It just needs some updating and TLC. It is part of an estate and being sold as/is.

Last Agent to Sell the Property

Deborah Foutch

Owen County Home Company Listed on: 04/18/2023

Last Buyer's Agent

Vern Keith

Keith Realty & Auction Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $965

Year Built

  • Built in 1960

Lot Details

  • 0.74 Acre Lot
  • Rural Setting
  • Partially Fenced Property
  • Irregular Lot
  • Sloped Lot

Parking

  • 4 Car Attached Garage
  • Gravel Driveway
  • Off-Street Parking

Home Design

  • Ranch Style House
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • Utility Room in Garage
  • Washer Hookup

Kitchen

  • Breakfast Bar
  • Laminate Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Schools

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

Utilities

  • Central Air
  • Geothermal Heating and Cooling
  • Heating System Uses Wood
  • Private Company Owned Well
  • Well
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 60-10-34-200-050.000-027

Home Details

Home Type

Single Family

Est. Annual Taxes

$965

Year Built

Built in 1960

Lot Details

0

Parking

4

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1960
  • Age: 63
  • Style: One Story
  • Architectural Style: Ranch
  • Total Number of Rooms: 8
  • Total Number of Rooms Below Grade: 2
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: SW NW S34 T10 R3 .56A and SE NE S33 T10 R3 .17A
  • Parcel Number ID: 60-10-34-200-050.000-027
  • Platted: Yes
  • Amenities: Breakfast Bar, Countertops-Laminate, Washer Hook-Up, Garage Utilities
  • Location: Rural
  • Parcel Id2: 60-10-33-100-010.000-027
  • Road Surface: Asphalt
  • Sp Lp Percent: 80.05
  • Year Taxes Payable: 2023
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 1920
  • Total Finished Sq Ft: 1920
  • Above Grade Finished Sq Ft: 960
  • Below Grade Finished Sq Ft: 960
  • Price Per Sq Ft: 125
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Basement Material: Block
  • Living Great Room: Dimensions: 20x11, On Level: Main
  • Kitchen: Dimensions: 12x9, On Level: Main
  • Dining Room: Dimensions: 10x8, On Level: Main
  • Bedroom 1: Dimensions: 11x11, On Level: Main
  • Bedroom 2: Dimensions: 12x10, On Level: Main
  • Bedroom 3: Dimensions: 9x12, On Level: Main
  • Main Level Sq Ft: 960
  • Number of Main Level Full Bathrooms: 1
  • Total Below Grade Sq Ft: 960

Exterior Features

  • Exterior: Aluminum
  • Roof Material: Asphalt, Shingle
  • Outbuilding1: None
  • Fence: Partial

Garage/Parking

  • Driveway: Gravel
  • Garage Type: Attached
  • Garage Number Of Cars: 4
  • Garage Size: Dimensions: 36x24
  • Garage Sq Ft: 864
  • Garage: Yes
  • Off Street Parking: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Wood, Geothermal
  • Sewer: Septic
  • Water Utilities: Well
  • Electric Company: South Central REMC
  • Hvac: Geothermal Hvac
  • Well Type: Private

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: Irregular, Slope, 0-2.9999
  • Lot Dimensions: irregular
  • Estimated Lot Sq Ft: 32234
  • Estimated Lot Size Acres: 0.74

Tax Info

  • Annual Taxes: 964.92

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
Apr 18, 2023
Closed on
Apr 28, 2023
Sold by
Smith Leonard D Le
Bought by
Woodas Emily M
Seller's Agent
Deborah Foutch
Owen County Home Company
Buyer's Agent
Vern Keith
Keith Realty & Auction Group
List Price
$149,900
Sold Price
$120,000
Premium/Discount to List
-$29,900
-19.95%
Views
16
Current Estimated Value
$235,541

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$115,541
Avg. Annual Appreciation
27.10%
Original Mortgage
$96,000
Outstanding Balance
$93,680
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$117,137
Source: Public Records

Range of Values:

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Average Value
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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
Woodas Emily M $120,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wetzel Robert J $96,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2023 04/28/23 Sold $120,000 -19.9% $63 / Sq Ft
04/21/2023 04/21/23 Pending -- -- --
04/18/2023 04/18/23 For Sale $149,900 -- $78 / 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 $1,281 $191,300 $20,700 $170,600
2023 $1,183 $176,900 $20,700 $156,200
2022 $937 $154,700 $20,700 $134,000
2021 $836 $136,600 $20,700 $115,900
2020 $699 $126,700 $20,700 $106,000
2019 $670 $118,600 $16,600 $102,000
2018 $557 $108,900 $13,300 $95,600
2017 $435 $99,800 $13,300 $86,500
2016 $426 $99,800 $13,300 $86,500
2014 $379 $95,100 $13,300 $81,800
2013 -- $88,900 $13,300 $75,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202311930

Indiana Regional MLS

APN: 60-10-34-200-050.000-027