$399,000
$21K PRICE DROP

736 Freeman Rd Spencer, IN 47460

Estimated payment $2,286/month

Total Views 6,025
4 Beds
3 Baths
2,214 Sq Ft
$180 Price per Sq Ft

Highlights

  • Partially Wooded Lot
  • Wood Flooring
  • Solid Surface Countertops
  • Traditional Architecture
  • Whirlpool Bathtub
  • Covered Patio or Porch

About This Home

Just what you have been waiting for. A charming, updated farmhouse, a historic barn, 5 acres of land, located only two miles from Downtown Spencer. This spacious home has 4 bedrooms, 3 full baths, an office, formal dining room, beautifully updated kitchen with new stainless-steel appliances, solid surface counter tops, new cabinetry and new vinyl flooring. The primary suite is on the upper level and has a huge closet, jacuzzi tub, separate shower and twin sink vanity. There are two more spacious bedrooms and a bath on the upper level and yet a 4th bedroom on the main level. The home has some original painted hardwood flooring in the living room and a covered front porch. There is a huge laundry room and an attached garage. Outside you will find a circle driveway with two entrances off the highway, a beautifully maintained yard, a fire pit area, plenty of parking, a fully fenced in pasture with a small animal barn plus the historical barn built in the early 1900's. There is plenty of room for chickens, goats, a garden or whatever your heart desires. It's the perfect location for those who want to live in the country yet prefer the convenience of being only two miles from Spencer with restaurants, entertainment and social activities. It's pretty much "a dream come true"!

Listing Agent

Deborah Foutch

Owen County Home Company Brokerage Phone: 812-821-7005 Listed on: 06/27/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,215

Year Built

  • Built in 1942

Lot Details

  • 5.18 Acre Lot
  • Rural Setting
  • Partially Fenced Property
  • Landscaped
  • Lot Has A Rolling Slope
  • Partially Wooded Lot
  • Property is zoned R1, Rural Homesites

Parking

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

Home Design

  • Traditional Architecture
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Formal Dining Room
  • Utility Room in Garage
  • Partially Finished Basement
  • Block Basement Construction
  • Solid Surface Countertops

Flooring

  • Wood
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Double Vanity
  • Whirlpool Bathtub
  • Bathtub With Separate Shower Stall

Laundry

  • Laundry on main level
  • Washer and Electric Dryer Hookup

Home Security

  • Storm Doors
  • Fire and Smoke Detector

Eco-Friendly Details

  • Energy-Efficient Appliances
  • Energy-Efficient Windows
  • Energy-Efficient Insulation

Schools

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

Utilities

  • Central Air
  • SEER Rated 13+ Air Conditioning Units
  • Heating System Uses Gas
  • ENERGY STAR Qualified Water Heater
  • Septic System

Additional Features

  • Covered Patio or Porch
  • Livestock Fence

Community Details

  • Community Fire Pit

Listing and Financial Details

  • Assessor Parcel Number 60-10-28-300-560.002-027
  • Seller Concessions Not Offered

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,215

Year Built

Built in 1942

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1942
  • Age: 83
  • Style: Two Story
  • Architectural Style: Traditional
  • Total Number of Rooms: 10
  • Total Number of Rooms Below Grade: 2
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: IN SW S28 T10 R3 5.18A
  • Parcel Number ID: 60-10-28-300-560.002-027
  • Platted: Yes
  • Amenities: Ceiling Fan(s), Countertops-Solid Surf, Detector-Smoke, Dryer Hook Up Electric, Firepit, Jet Tub, Landscaped, Porch Covered, Six Panel Doors, Storm Doors, Twin Sink Vanity, Stand Up Shower, Tub and Separate Shower, Tub/Shower Combination, Formal Dining Room, Main Floor Laundry, Washer Hook-Up, Garage Utilities
  • Cross Street: Pottersville Rd
  • Improvmnts In Last5 Yrs: Yes
  • Location: Rural
  • Road Access: County
  • Road Surface: Asphalt
  • Zoning Description: Rural Homesites
  • County Zoning: R1
  • Year Taxes Payable: 2025
  • Special Features: None
  • Stories: 2

Interior Features

  • Total Sq Ft: 2814
  • Total Finished Sq Ft: 2214
  • Above Grade Finished Sq Ft: 2214
  • Below Grade Sq Ft: 600
  • Price Per Sq Ft: 180.22
  • Basement: Yes
  • Basement Foundation: Partial Basement
  • Basement Material: Block
  • Flooring: Hardwood Floors, Laminate, Vinyl
  • Living Great Room: Dimensions: 15x12, On Level: Main
  • Kitchen: Dimensions: 10x11, On Level: Main
  • Dining Room: Dimensions: 17x11, On Level: Main
  • Extra Room: Office, Dimensions: 10x10, On Level: Main
  • Bedroom 1: Dimensions: 10x12, On Level: Main
  • Bedroom 2: Dimensions: 10x15, On Level: Upper
  • Bedroom 3: Dimensions: 20x11, On Level: Upper
  • Bedroom 4: Dimensions: 11x12, On Level: Upper
  • Loft: Dimensions: 12x9, On Level: Upper
  • Main Level Sq Ft: 1134
  • Number of Main Level Full Bathrooms: 1
  • Total Below Grade Sq Ft: 600

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Shingle
  • Outbuilding1: None, Dimensions: 40x30, 1200
  • Fence: Partial, Farm
  • Outbuilding2: Barn, Dimensions: 24x12, 288

Garage/Parking

  • Driveway: Gravel
  • Garage Type: Attached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 28x20
  • Garage Sq Ft: 560
  • Garage: Yes
  • Off Street Parking: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas
  • Sewer: Septic
  • Water Utilities: Public
  • Electric Company: REMC
  • Gas Company: Community NatGas(Spencer)
  • Water Company: BBP
  • Hvac: HVAC (13 Seer)
  • Laundry: Dimensions: Mainx8, On Level: 20

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: Partially Wooded, Rolling, 3-5.9999
  • Lot Dimensions: Irregular
  • Estimated Lot Sq Ft: 225641
  • Estimated Lot Size Acres: 5.18

Green Features

  • Energy Efficient: Appliances, Insulation, Water Heater, Windows
  • Energy Efficient Windows/Doors: Double Pane Windows

Tax Info

  • Annual Taxes: 1214.94
  • Exemptions: Homestead

MLS Schools

  • High School: Owen Valley
  • Middle School: Owen Valley
  • School District: Spencer-Owen Community Schools

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $1,215 $173,200 $36,400 $136,800
2023 $1,127 $160,300 $34,600 $125,700
2022 $1,067 $141,800 $32,500 $109,300
2021 $1,010 $126,300 $31,500 $94,800
2020 $1,020 $127,800 $31,400 $96,400
2019 $974 $119,900 $27,400 $92,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2025 07/11/25 Price Changed $399,000 -5.0% $180 / Sq Ft
06/27/2025 06/27/25 For Sale $419,900 +21.4% $190 / Sq Ft
02/07/2025 02/07/25 Sold $346,000 -7.7% $142 / Sq Ft
11/18/2024 11/18/24 Pending -- -- --
11/13/2024 11/13/24 For Sale $375,000 +114.3% $154 / Sq Ft
09/24/2018 09/24/18 Sold $175,000 0.0% $98 / Sq Ft
09/24/2018 09/24/18 Sold $175,000 -7.4% $78 / Sq Ft
08/02/2018 08/02/18 Pending -- -- --
07/06/2018 07/06/18 For Sale $189,000 0.0% $85 / Sq Ft
06/26/2018 06/26/18 Pending -- -- --
03/15/2018 03/15/18 For Sale $189,000 0.0% $85 / Sq Ft
12/29/2017 12/29/17 For Sale $189,000 -- $106 / Sq Ft
Source: Indiana Regional MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $340,000 None Listed On Document
Source: Public Records

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Source: Indiana Regional MLS

MLS Number: 202524899

Indiana Regional MLS

APN: 60-10-28-300-560.002-027