NOT LISTED FOR SALE

2783 S Us Highway 231 Spencer, IN 47460

Estimated Value: $278,000 - $328,000

3 Beds
1 Bath
1,885 Sq Ft
$157/Sq Ft Est. Value

Last Sold January 10, 2024

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

Est. 14% increase in value since last sale

Current estimated payment $1,664/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 Agent to Sell the Property

Dan Rarey

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

Last Buyer's Agent

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
  • Main Level Sq Ft: 1360
  • 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%
Views
61
Current Estimated Value
$296,271

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,271
Avg. Annual Appreciation
7.66%
Original Mortgage
$255,270
Outstanding Balance
$251,026
Interest Rate
7.22%
Mortgage Type
FHA
Estimated Equity
$45,245

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
Source: Public Records

Range of Values:

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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 -- 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 $174,503
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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

Agents Affiliated with this Home

  • Dan Rarey

    Seller's Agent in 2024

    Dan Rarey

    Dan Rarey Real Estate

    (812) 325-2547

    97 Total Sales

    Dan Rarey
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Map

Source: Indiana Regional MLS

MLS Number: 202342421

Indiana Regional MLS

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

Indiana Owen County Spencer 47431

2783 S Us Highway 231, Spencer, IN

This home is located at 2783 S Us Highway 231, Spencer, IN 47460 since 19 November 2023 and is currently estimated at $296,271, approximately $157 per square foot. This property was built in 1950. 2783 S Us Highway 231 is a home located in Owen County with nearby schools including Owen Valley Community High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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