851 E Franklin St Spencer, IN 47460
Estimated payment $3,343/month
Total Views
8,803
4
Beds
2
Baths
3,581
Sq Ft
$149
Price per Sq Ft
Highlights
- Ranch Style House
- Corner Lot
- Formal Dining Room
- 2 Fireplaces
- No HOA
- 2 Car Garage
About This Home
Welcome to 851 E Franklin St, Spencer, Indiana - a rare opportunity to own a spacious limestone ranch with 4 bedrooms, 2 baths, perfectly situated on 2.89 acres. Nestled on a corner lot this one-of-a-kind property offers flexibility, charm, and the potential to create your dream home in the heart of Spencer. Inside, you'll find nearly 3,000 sq ft of living space, and a versatile layout ideal for multi-generational living or rental potential. Multiple living spaces give this home character and comfort: enjoy a cozy den with beamed ceilings, a fireplace, and built-in bookcases with sliding glass doors that open to a generous patio. The formal dining room is flooded with natural light, while the large front living room and the 30x20 family room in the partially finished basement (complete with fireplace) provide ample space for gatherings and hobbies. The in-law suite features a private entrance, full kitchen, living room and more: perfect for extended family, guests, or additional income. Outside, the property includes an attached 2-car garage and a 20x80 detached garage with multiple overhead doors. A new roof was installed in 2024.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,204
Year Built
- Built in 1952
Lot Details
- 2.89 Acre Lot
- Corner Lot
- Irregular Lot
Parking
- 2 Car Garage
Home Design
- Ranch Style House
- Block Foundation
- Stone
Interior Spaces
- 2 Fireplaces
- Formal Dining Room
Kitchen
- Eat-In Kitchen
- Breakfast Bar
- Electric Oven
Bedrooms and Bathrooms
- 4 Bedrooms
- Walk-In Closet
- In-Law or Guest Suite
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Basement
- Partial Basement
- Sump Pump
- Fireplace in Basement
Schools
- Spencer Elementary School
- Owen Valley Middle School
- Owen Valley Community High School
Additional Features
- City Lot
- Forced Air Heating and Cooling System
Community Details
- No Home Owners Association
Listing and Financial Details
- Legal Lot and Block 601021300400363027 / 21
- Assessor Parcel Number 601021300400363027
Map
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Home Values in the Area
Average Home Value in this Area
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 | $5,205 | $363,800 | $39,500 | $324,300 |
| 2023 | $5,163 | $337,700 | $39,500 | $298,200 |
| 2022 | $2,959 | $305,700 | $38,600 | $267,100 |
| 2021 | $2,873 | $270,200 | $38,600 | $231,600 |
| 2020 | $2,648 | $256,500 | $38,600 | $217,900 |
| 2019 | $2,545 | $237,900 | $28,800 | $209,100 |
| 2018 | $2,288 | $217,300 | $20,400 | $196,900 |
| 2017 | $2,091 | $202,900 | $20,400 | $182,500 |
| 2016 | $1,744 | $178,500 | $20,400 | $158,100 |
| 2014 | $1,788 | $178,500 | $20,400 | $158,100 |
| 2013 | -- | $178,500 | $20,400 | $158,100 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/01/2025 08/01/25 | For Sale | $535,000 | 0.0% | $149 / Sq Ft |
| 07/28/2025 07/28/25 | Off Market | $535,000 | -- | -- |
| 06/11/2025 06/11/25 | For Sale | $535,000 | -- | $149 / Sq Ft |
Source: MIBOR Broker Listing Cooperative®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | -- | |
| Deed | -- | -- | |
| Personal Reps Deed | -- | -- |
Source: Public Records
Similar Homes in Spencer, IN
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22040235
APN: 60-10-21-300-400.363-027
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
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