NOT LISTED FOR SALE

2783 S Us Highway 231 Spencer, IN 47460

Estimated Value: $241,000 - $284,089

3 Beds
1 Bath
1,885 Sq Ft
$143/Sq Ft Est. Value

Last Sold January 10, 2024

Last sale price $260,000 $138 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $1,592/month

18 Days on Market

Highlights

  • 14.48 Acre Lot
  • Covered patio or porch
  • Eat-In Kitchen
  • Wood Flooring
  • 2 Car Attached Garage
  • Woodwork

About This Home

As of January 2024

14+ acre mini farm just south of Spencer. Cute renovated 3 bedroom bungalow with lots of recent updates and upgrades. Huge equipped country kitchen with loads of cabinets and counter tops. Living room has hardwood floors as do two of the three bedrooms. Dining room and study. Unfinished basement and oversized 720 s.f garage. Property is fenced and crossfenced. 48'x24' barn with a 36'x10' lean to, chicken house, garden area, silo. Lots of blacktop drive & parking. Situated just 5 minutes from Spencer and 30 minutes from Bloomington. This hard to find small acreage won't last long!

Last Listed By

Dan Rarey

Dan Rarey Real Estate Listed on: 11/19/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,096

Year Built

  • Built in 1950

Lot Details

  • 14.48 Acre Lot
  • Rural Setting
  • Barbed Wire
  • Level Lot

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Bungalow

Interior Spaces

  • 1.5-Story Property
  • Woodwork
  • Ceiling Fan
  • Fire and Smoke Detector
  • Eat-In Kitchen
  • Unfinished Basement

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • 1 Full Bathroom

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Private Company Owned Well
  • Well
  • Septic System

Additional Features

  • Covered patio or porch
  • Livestock Fence

Listing and Financial Details

  • Assessor Parcel Number 60-16-01-200-100.000-017

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,096

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1950
  • Age: 73
  • Style: One and Half Story
  • Architectural Style: Bungalow
  • Total Number of Rooms: 6
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: Pt NW Frl S1 T9 R4 10.03a Pt NW Frl S1 T9 R4 4.45a |
  • Parcel Number ID: 60-16-01-200-100.000-017
  • Platted: Yes
  • Amenities: Ceiling Fan(s), Detector-Smoke, Eat-In Kitchen, Garage Door Opener, Natural Woodwork, Porch Covered, Split Br Floor Plan
  • Location: Rural
  • Sp Lp Percent: 94.55
  • Year Taxes Payable: 2023
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 2851
  • Total Finished Sq Ft: 1885
  • Above Grade Finished Sq Ft: 1885
  • Below Grade Sq Ft: 966
  • Price Per Sq Ft: 137.93
  • Basement: Yes
  • Basement Foundation: Unfinished
  • Flooring: Hardwood Floors, Carpet, Vinyl
  • Living Great Room: Dimensions: 16x14, On Level: Main
  • Kitchen: Dimensions: 16x15, On Level: Main
  • Dining Room: Dimensions: 12x12, On Level: Main
  • Bedroom 1: Dimensions: 17x14, On Level: Upper
  • Bedroom 2: Dimensions: 15x14, On Level: Main
  • Bedroom 3: Dimensions: 12x12, On Level: Main
  • Number of Main Level Full Bathrooms: 1
  • Total Below Grade Sq Ft: 966

Exterior Features

  • Exterior: Aluminum
  • Outbuilding1: Barn, Dimensions: 48x24
  • Fence: Barb Wire, Farm, Woven Wire

Garage/Parking

  • Garage Type: Attached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 24x30
  • Garage Sq Ft: 720
  • Garage: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: Septic
  • Water Utilities: Well
  • Laundry: Dimensions: Mainx5, On Level: 5
  • 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: Level
  • Lot Dimensions: irregular
  • Estimated Lot Sq Ft: 630749
  • Estimated Lot Size Acres: 14.48

Tax Info

  • Annual Taxes: 1096.08
  • Exemptions: Homestead, Supplemental

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
Nov 19, 2023
Closed on
Jan 9, 2024
Sold by
Parrott Jeannette L
Bought by
Freeman Dustin S
Seller's Agent
Dan Rarey
Dan Rarey Real Estate
Buyer's Agent
Dan Rarey
Dan Rarey Real Estate
List Price
$275,000
Sold Price
$260,000
Premium/Discount to List
-$15,000
-5.45%
Total Days on Market
18
Views
61
Current Estimated Value
$269,522

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,522
Avg. Annual Appreciation
2.81%
Original Mortgage
$255,270
Outstanding Balance
$251,840
Interest Rate
6.75%
Mortgage Type
FHA
Estimated Equity
$17,682

Purchase Details

Listed on
Aug 14, 2017
Closed on
Sep 29, 2017
Sold by
Axsom Darrel and Axsom Mary Beth
Bought by
Parrott Jeannette L
List Price
$179,900
Sold Price
$179,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.04%
Original Mortgage
$174,503
Interest Rate
3.86%
Mortgage Type
New Conventional

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
Freeman Dustin S $260,000 None Listed On Document
Parrott Jeannette L $179,900 John Bethell Title Company Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Freeman Dustin S $255,270
Previous Owner Parrott Jeannette L $173,500
Previous Owner Parrott Jeannette L $172,200
Previous Owner Parrott Jeannette L $174,503
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2024 01/10/24 Sold $260,000 -5.5% $138 / Sq Ft
11/19/2023 11/19/23 For Sale $275,000 +52.9% $146 / Sq Ft
09/29/2017 09/29/17 Sold $179,900 0.0% $95 / Sq Ft
08/17/2017 08/17/17 Pending -- -- --
08/14/2017 08/14/17 For Sale $179,900 -- $95 / 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 $1,091 $173,900 $27,700 $146,200
2023 $1,063 $163,700 $26,400 $137,300
2022 $1,096 $152,900 $25,100 $127,800
2021 $808 $114,500 $24,300 $90,200
2020 $826 $117,400 $24,300 $93,100
2019 $778 $109,000 $20,800 $88,200
2018 $781 $108,300 $21,000 $87,300
2017 $737 $105,500 $21,700 $83,800
2016 $759 $102,400 $22,000 $80,400
2014 $756 $102,300 $22,300 $80,000
2013 -- $104,300 $21,400 $82,900
Source: Public Records

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Source: Indiana Regional MLS

MLS Number: 202342421

Indiana Regional MLS

APN: 60-16-01-200-100.000-017