501 W  Jefferson St, Spencer, IN 47460
Property image
Property image
FOR SALE
NEW - 3 HRS AGO

501 W Jefferson St
Spencer, IN 47460

  • 2 Beds
  • 1 Bath
  • 1,135 sqft

$185,900

$185,900

2 Beds
1 Bath
1,135 sqft

Home Highlights

Parking
Garage
Climate Control
Heating & Cooling
Price/Sqft
$164
Listed
Less than a day ago

Local Information

  • Map ViewExplore the area around 501 W Jefferson St.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

So much potential in this 2-bedroom, 1-bath home offering approximately 1,135 square feet of living space on one level and on a convenient corner lot in town. In addition to the two bedrooms, a versatile office/bonus room provides flexible space for work, hobbies, or other needs. Numerous recent improvements add value and peace of mind, including a new roof with gutter guards, new garage with automatic opener, new water heater, updated PEX plumbing, and new sewer lines from the home to the city connection in the alley. The kitchen features a new range and hood microwave, while the furnace has been professionally maintained and updated with a new control board. The hot tub has also been serviced with a new control board. Outside, you'll appreciate the recently added concrete driveway complete with apron and drainage. Situated on a corner lot, this property offers the convenience of in-town living with easy access to local shopping, dining, schools, parks, and everyday amenities. If you're looking for a home with major mechanical updates already completed and a functional floor plan, this property is ready for you to make it your own.

Home Details for 501 W Jefferson St

Active Status

MLS Status: Active

Interior Features

Interior Details
Number of Rooms: 8Types of Rooms: Master Bedroom, Bedroom 2, Dining Room, Kitchen, Laundry, Living Room, Office, Sun Room
Beds & Baths
Number of Bedrooms: 2Main Level Bedrooms: 2Number of Bathrooms: 1Number of Bathrooms (full): 1Number of Bathrooms (main level): 1
Dimensions and Layout
Living Area: 1135 Square Feet
Appliances & Utilities
Appliances: Dryer, Electric Water Heater, MicroHood, Electric Oven, WasherDryerWasher
Heating & Cooling
Heating: Forced Air,Natural GasHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Forced Air
Windows, Doors, Floors & Walls
Flooring: Hardwood
Levels, Entrance, & Accessibility
Stories: 1Levels: OneFloors: Hardwood

Exterior Features

Exterior Home Features
Foundation: Block, Crawl Space, Partial
Parking & Garage
Number of Garage Spaces: 1Number of Covered Spaces: 1Has a CarportHas a GarageNo Attached GarageParking Spaces: 1Parking: Carport,Detached
Farm & Range
Horse Amenities: None

Days on Market

Cumulative Days on Market: 1Days on Market: <1 day on Trulia

Property Information

Year Built
Year Built: 1900
Property Type / Style
Property Type: ResidentialProperty Subtype: Residential, Single Family ResidenceArchitecture: Other
Building
Construction Materials: Vinyl SidingNot a New ConstructionNot Attached Property
Property Information
Parcel Number: 601020400400272028

Price & Status

Price
List Price: $185,900Price Per Sqft: $164
Status Change & Dates
Possession Timing: Close Of Escrow

Location

Direction & Address
City: SpencerCommunity: No Subdivision
School Information
Elementary School: Spencer Elementary SchoolJr High / Middle School: Owen Valley Middle SchoolHigh School: Owen Valley Community High SchoolHigh School District: Spencer-Owen Community Schools

Agent Information

Listing Agent
Listing ID: 22118886

Building

Building Area
Building Area: 1135 Square Feet

HOA

No HOA

Lot Information

Lot Area: 3920.4 sqft

Miscellaneous

BasementMls Number: 22118886
Last check for updates: about 4 hours ago
Listing Provided by: Trent Keith
Keith Realty & Auction Group
Source: MIBOR as distributed by MLS GRID, MLS#22118886

Market trends in Spencer

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
Sale-to-List Price
Price per sq ft
Available listings
50
1
MoM

Price History for 501 W Jefferson St

DatePriceEventSource
08/08/2026$185,900Listed For SaleIRMLS #202632294
07/31/2026$185,900ListingRemovedMIBOR as distributed by MLS GRID #22091242
07/29/2026$185,900PriceChange
IRMLS #202609861
06/19/2026$189,900PriceChange
IRMLS #202609861
03/25/2026$195,000Listed For SaleIRMLS #202609861
11/07/2019$117,400Sold
N/A
09/09/2019$117,400PriceChange
Agent Provided
08/04/2019$119,900Listed For SaleAgent Provided
07/26/2018$75,000Sold
N/A
05/03/2018$75,000Listed For SaleAgent Provided

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Property Tax and Assessment

Year2025
Tax$969
Assessment$126,900
Home facts updated by county records

Comparable Sales for 501 W Jefferson St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.28
Single-Family Home
$203,000
10/07/25
2
1
1,162
0.09
Single-Family Home
$171,000
07/09/26
2
1
2,588
0.43
Single-Family Home
$185,000
08/07/26
2
1
965
0.36
Single-Family Home
$193,000
12/05/25
2
1
2,272
0.58
Single-Family Home
$123,000
06/29/26
2
1
1,776
0.31
Single-Family Home
$139,000
04/17/26
3
1
888
0.57
Single-Family Home
$190,000
01/23/26
2
1
1,160
0.58
Single-Family Home
$148,500
12/01/25
2
1
864
0.48
Single-Family Home
$169,000
12/26/25
3
1
1,236
0.42
Single-Family Home
$180,000
12/18/25
2
2
2,346

Nearby homes

Get a sense of prices in the area by checking nearby homes.
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Assigned Schools

These are the assigned schools for 501 W Jefferson St.
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Spencer

At least 19 Trulia users voted on each feature.
  • 95 % Say parking is easy

  • 92 % Say car is needed

  • 92 % Say there's holiday spirit

  • 85 % Say yards are well-kept

  • 72 % Say it's quiet

  • 64 % Say it's walkable to grocery stores

  • 61 % Say it's walkable to restaurants

  • 61 % Say kids play outside

  • 59 % Say people would walk alone at night

  • 59 % Say there are sidewalks

  • 58 % Say there's wildlife

  • 56 % Say neighbors are friendly

  • 55 % Say they plan to stay for at least 5 years

  • 54 % Say it's dog friendly

  • 45 % Say streets are well-lit

  • 37 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Jenny R.
    "I have lived here for 16 years. It’s a quiet, safe area to call home. More in the country and that is why there is it much trick-or-treating in my area."
  • Emily G.
    "We love the Pride festivities! The best parade in the area! Really a sight to see. Beautiful country side, as well. "
  • Jenniferdyson69
    "I haven't lived here long looking to find a place for my family near by. so far spencer is a nice place and I would love my blended family to start a life here. "
  • Dawn O.
    "I find this area to be peaceful where I can be left alone as I wish yet the community is friendly. I always see a familar face when I go somewhere. Its a small quaint town, exactly what I wanted to raise my children in. My 13 yo son is thriving in the Middle School and the Elementary has amazing programs for my 3 yo son with special needs. Although I live in the country, surrounded by trees, nature, birds,deer and racoon, I can be in town and the stores, restaurants within a 5 minute drive. My son has even ridden his bike."
  • Eldar U.
    "Only 25 minutes from Bloomington and other larger towsn, but enjoy country living with spectacular views of McCormick's Creek Park."
  • Milton M.
    "We are retired and have been here eight years. Summers are wonderful,fall is beautiful,winters are mild. The terrain is very hilly with good roads. This part of owen county is just like brown county which is fameous for it's beauty."

LGBTQ Local Legal Protections

Frequently asked questions about 501 W Jefferson St

  • What is the estimated monthly payment for 501 W Jefferson St?
    Based on a $185,900 list price with 20% down at today's rates, the estimated monthly payment for 501 W Jefferson St in Spencer, IN is approximately $1,153 (about $974 principal & interest, $104 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • What do residents say about Spencer?
    Residents describe Spencer, IN as easy to park in, well-kept, and quiet. Most residents say you need a car. See homes for sale in Spencer, IN.
  • What are the closest schools to 501 W Jefferson St?
    The closest schools to 501 W Jefferson St in Spencer, IN are Owen Valley Community High School (rated 4/10), Owen Valley Middle School (rated 7/10), Spencer Elementary School (Pre-K, rated 4/10).
  • What is 501 W Jefferson St estimated to be worth?
    Trulia's estimated value for 501 W Jefferson St in Spencer, IN is $181,700.
  • Does 501 W Jefferson St have air conditioning?
    Yes, 501 W Jefferson St in Spencer, IN has air conditioning.
  • Does 501 W Jefferson St have laundry facilities?
    Yes, 501 W Jefferson St in Spencer, IN has in-unit laundry.
Trent Keith, Keith Realty & Auction Group
Based on information submitted to the MLS GRID as of 2026-08-07 23:08:06 PDT. 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. Click here for more information
501 W Jefferson St, Spencer, IN 47460 is a 2 bedroom, 1 bathroom, 1,135 sqft single-family home built in 1900. This property is currently available for sale and was listed by MIBOR as distributed by MLS GRID on Aug 8, 2026. The MLS # for this home is MLS# 22118886.