J
Seller's Agent in 2025
James Eiermann
Jamar Realty, Inc.
(812) 330-8655
3 Total Sales
1859 Forsythe Ln Spencer, IN 47460
12
Beds
4
Baths
4,253
Sq Ft
1.98
Acres
Highlights
- Eat-In Kitchen
- Private Streets
- 1-Story Property
- Forced Air Heating and Cooling System
- Vinyl Flooring
About This Home
As of February 20252 duplexes available northeast of Spencer sitting on 1.98 acres. 4 total units available consisting of 3 bedrooms and 1 bath each. One building is 1958 sq. ft. and the other is 2295 sq. ft. Each one has its own furnace and central air unit, roofs only a few years old. Good rental income, if in the market give us a call.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,713
Year Built
- Built in 1970
Lot Details
- 1.98 Acre Lot
- Private Streets
- Rural Setting
- Irregular Lot
Home Design
- Duplex
- Shingle Roof
- Vinyl Construction Material
Interior Spaces
- 4,253 Sq Ft Home
- 1-Story Property
- Vinyl Flooring
- Fire and Smoke Detector
- Eat-In Kitchen
Bedrooms and Bathrooms
- 12 Bedrooms
- 4 Full Bathrooms
Basement
- Block Basement Construction
- Crawl Space
Parking
- 8 Parking Spaces
- Gravel Driveway
Schools
- Spencer Elementary School
- Owen Valley Middle School
- Owen Valley High School
Utilities
- Forced Air Heating and Cooling System
- Private Water Source
- Private Company Owned Well
- Well
- Electric Water Heater
- Septic System
Listing and Financial Details
- Tenant pays for electric
- The owner pays for lawn maintenance
- Assessor Parcel Number 60-10-03-200-100.110-027
Community Details
Overview
- 2 Buildings
- 4 Units
Building Details
- Insurance Expense $1,200
- Maintenance Expense $1,200
- Trash Expense $600
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 17, 2024
Closed on
Feb 14, 2025
Sold by
Thompson Fiona
Bought by
Heath Real Estate Llc
Seller's Agent
James Eiermann
Jamar Realty, Inc.
Buyer's Agent
Micah Heath
Keller Williams - Indy Metro South LLC
List Price
$275,000
Sold Price
$220,000
Premium/Discount to List
-$55,000
-20%
Views
93
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,032
Avg. Annual Appreciation
26.66%
Original Mortgage
$88,000
Outstanding Balance
$87,856
Interest Rate
7.04%
Mortgage Type
New Conventional
Estimated Equity
$154,530
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $220,000 | First American Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $88,000 | New Conventional | |
| Closed | $88,000 | New Conventional | |
| Previous Owner | $133,500 | Future Advance Clause Open End Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/17/2025 02/17/25 | Sold | $220,000 | -4.3% | $52 / Sq Ft |
| 12/21/2024 12/21/24 | Pending | -- | -- | -- |
| 12/20/2024 12/20/24 | Price Changed | $230,000 | -8.0% | $54 / Sq Ft |
| 12/06/2024 12/06/24 | Price Changed | $250,000 | -9.1% | $59 / Sq Ft |
| 12/05/2024 12/05/24 | For Sale | $275,000 | 0.0% | $65 / Sq Ft |
| 11/12/2024 11/12/24 | Pending | -- | -- | -- |
| 10/10/2024 10/10/24 | Price Changed | $275,000 | -8.0% | $65 / Sq Ft |
| 09/30/2024 09/30/24 | Price Changed | $299,000 | -15.8% | $70 / Sq Ft |
| 09/17/2024 09/17/24 | For Sale | $355,000 | +225.7% | $83 / Sq Ft |
| 09/04/2015 09/04/15 | Sold | $109,000 | -0.8% | $26 / Sq Ft |
| 06/09/2015 06/09/15 | Pending | -- | -- | -- |
| 04/24/2015 04/24/15 | For Sale | $109,900 | -- | $26 / Sq Ft |
Source: Indiana Regional MLS
Tax History Compared to Growth
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 | $1,738 | $121,500 | $24,300 | $97,200 |
| 2023 | $1,734 | $113,400 | $24,300 | $89,100 |
| 2022 | $1,594 | $100,500 | $24,300 | $76,200 |
| 2021 | $1,511 | $85,300 | $24,300 | $61,000 |
| 2020 | $1,543 | $86,300 | $24,300 | $62,000 |
| 2019 | $1,491 | $78,700 | $19,400 | $59,300 |
| 2018 | $1,366 | $71,300 | $15,600 | $55,700 |
| 2017 | $1,253 | $66,600 | $15,600 | $51,000 |
| 2016 | $1,802 | $97,900 | $15,600 | $82,300 |
| 2014 | $1,713 | $90,800 | $15,600 | $75,200 |
| 2013 | -- | $85,100 | $15,600 | $69,500 |
Source: Public Records
Agents Affiliated with this Home
-
James Eiermann
-
Micah Heath
Buyer's Agent in 2025
Micah Heath
Keller Williams - Indy Metro South LLC
(812) 760-0083
45 Total Sales
-
Chris Wesley
Seller's Agent in 2015
Chris Wesley
RE/MAX
(812) 828-1399
116 Total Sales
Map
Source: Indiana Regional MLS
MLS Number: 201517687
APN: 60-10-03-200-100.110-027
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