$220,000
SOLD MAY 28, 2025

5616 Patricksburg Rd Spencer, IN 47460

3 Beds
2.5 Baths
1,872 Sq Ft
3.34 Acres

Recently Sold

$118 Per Sq Ft

10% Above List Price

29 Days on Market

About This Home

As of May 2025

AUCTIONED PROPERTY. Great opportunity to own a charming home in the country with a 3.34 acre lot for all your favorite outdoor activities! Large deck overlooks the beautiful scenery and is the perfect place to entertain or sip your morning coffee. Upstairs has a bonus room that can function as an office or an additional bedroom. Property offers unique features throughout and provides and ample amount of natural light. Don't miss out on the chance to make this beautiful property yours!

Last Agent to Sell the Property

Christopher Stjernholm

Trelora Realty, Inc. Listed on: 03/31/2025

Last Buyer's Agent

NEIAR NonMember

NonMember NEIAR

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,045

Year Built

  • Built in 1900

Home Design

  • Vinyl Construction Material

Interior Spaces

  • 1,872 Sq Ft Home
  • 1.5-Story Property
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms

Schools

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

Utilities

  • Central Air
  • Propane
  • Private Company Owned Well
  • Well
  • Septic System

Additional Features

  • 3.34 Acre Lot
  • Pasture

Listing and Financial Details

  • Assessor Parcel Number 60-11-29-100-090.000-022
  • Seller Concessions Not Offered

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,045

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1900
  • Age: 125
  • Style: One and Half Story
  • Total Number of Rooms: 7
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 3
  • Total Full Bathrooms: 2
  • Total Number of Half Bathrooms: 1
  • Legal Description: NE NE S29 T10 R4 3.34 ACRES
  • Parcel Number ID: 60-11-29-100-090.000-022
  • Platted: Yes
  • Sp Lp Percent: 100
  • Year Taxes Payable: 2024
  • Special Features: Auction
  • Stories: 1

Interior Features

  • Total Sq Ft: 1872
  • Total Finished Sq Ft: 1872
  • Above Grade Finished Sq Ft: 1872
  • Price Per Sq Ft: 117.52
  • Basement: Yes
  • Basement Foundation: Partial Basement
  • Living Great Room: Dimensions: 15x15, On Level: Main
  • Kitchen: Dimensions: 16x14, On Level: Main
  • Dining Room: Dimensions: 12x10, On Level: Main
  • Bedroom 1: Dimensions: 14x10, On Level: Main
  • Bedroom 2: Dimensions: 12x10, On Level: Upper
  • Bedroom 3: Dimensions: 16x14, On Level: Upper
  • Number of Main Level Full Bathrooms: 1
  • Number of Main Level Half Bathrooms: 1

Exterior Features

  • Exterior: Vinyl
  • Outbuilding1: None

Utilities

  • Cooling: Central Air
  • Heating Fuel: Propane
  • Sewer: Septic
  • Water Utilities: Well
  • Laundry: Dimensions: Mainx3, 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: Pasture
  • Lot Dimensions: 145,490
  • Estimated Lot Sq Ft: 145490
  • Estimated Lot Size Acres: 3.34

Tax Info

  • Annual Taxes: 2045

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
Mar 31, 2025
Closed on
May 27, 2025
Sold by
Kennedy Nathan K and Kennedy Diane E
Bought by
Reyes Jean-Louis and Reyes Ellen S
Seller's Agent
Christopher Stjernholm
Trelora Realty, Inc.
Buyer's Agent
NEIAR NonMember
NonMember NEIAR
List Price
$200,000
Sold Price
$220,000
Premium/Discount to List
$20,000
10%
Views
132
Current Estimated Value
$223,756

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,756
Avg. Annual Appreciation
7.01%
Original Mortgage
$176,000
Outstanding Balance
$175,701
Interest Rate
6.83%
Mortgage Type
New Conventional
Estimated Equity
$48,055

Purchase Details

Listed on
Apr 27, 2022
Closed on
Aug 5, 2022
Sold by
Philip Lee
Bought by
Kennedy Nathan K and Kennedy Diane E
Seller's Agent
Rene West
West & Co., REALTORS
Buyer's Agent
Joannie Sheese
West & Co., REALTORS
List Price
$249,900
Sold Price
$235,000
Premium/Discount to List
-$14,900
-5.96%
Views
5

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.32%
Original Mortgage
$112,000
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 8, 2021
Closed on
Oct 4, 2021
Sold by
Denham Leonard
Bought by
Lee Philip and Barnes Jeffrey A
Seller's Agent
Trent Keith
Keith Realty & Auction Group
List Price
$94,500
Sold Price
$90,000
Premium/Discount to List
-$4,500
-4.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
213.49%

Purchase Details

Closed on
Jun 29, 2021
Sold by
Farris Richard E
Bought by
Denham Leonard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,000
Interest Rate
2.9%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Warranty Deed -- None Listed On Document
Warranty Deed $90,000 None Available
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $176,000 New Conventional
Previous Owner $112,000 New Conventional
Previous Owner $56,000 New Conventional
Previous Owner $85,500 New Conventional
Previous Owner $80,750 Adjustable Rate Mortgage/ARM
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2025 05/28/25 Sold $220,000 +10.0% $118 / Sq Ft
04/29/2025 04/29/25 Pending -- -- --
03/31/2025 03/31/25 For Sale $200,000 -14.9% $107 / Sq Ft
08/05/2022 08/05/22 Sold $235,000 -2.0% $126 / Sq Ft
06/21/2022 06/21/22 Price Changed $239,900 -4.0% $128 / Sq Ft
04/27/2022 04/27/22 For Sale $249,900 +177.7% $133 / Sq Ft
10/04/2021 10/04/21 Sold $90,000 -4.8% $53 / Sq Ft
09/08/2021 09/08/21 For Sale $94,500 -- $56 / 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 $1,780 $250,300 $46,700 $203,600
2023 $2,045 $262,000 $46,700 $215,300
2022 $922 $123,400 $49,000 $74,400
2021 $579 $96,700 $49,000 $47,700
2020 $532 $92,500 $41,400 $51,100
2019 $471 $86,100 $34,700 $51,400
2018 $459 $82,200 $34,700 $47,500
2017 $448 $81,900 $34,700 $47,200
2016 $483 $89,100 $34,700 $54,400
2014 $466 $85,500 $34,700 $50,800
2013 -- $82,800 $34,700 $48,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202510605

Indiana Regional MLS

APN: 60-11-29-100-090.000-022