507 N US Highway 231
Spencer, IN 47460
- 3 Beds
- 2 Baths
- 2,078 sqft (on 2.94 acres)
$245,000
Last Sold: Jan 8, 2026
2% below list $250K
$118/sqft
$245,000
Last Sold: Jan 8, 2026
2% below list $250K
$118/sqft
3 Beds
2 Baths
2,078 sqft
(on 2.94 acres)
Local Information
-- mins to
Home Highlights
Property Type
Single-Family Home
Year Built
1965
Lot Size
2.94 acres
Living Area
2,078 sqft
Price/Sqft
$121
Parking
Open Parking
About this House
Welcome to this charming 3-bedroom, 2-bath ranch home nestled on 2.94 acres of serene hillside just a minute outside of Spencer. Offering both convenience and a peaceful retreat, this property combines modern comfort with a warm Tuscan-inspired flair. Step inside to find a cozy sitting room perfect for quiet mornings with a cup of coffee, and a spacious family room ideal for gatherings and relaxation. The inviting interiors reflect a rustic elegance, with rich tones and timeless style that bring a touch of the Tuscan countryside right into your home. The kitchen and dining areas flow seamlessly into the living spaces, creating a welcoming atmosphere. The primary suite offers a private escape with its own bath, while two additional bedrooms and a second full bath provide plenty of room for family or guests. Outdoors, the property truly shines. Nearly three acres of rolling hillside create a private oasis, whether you envision gardens, outdoor entertaining, or simply enjoying the peace of nature. A paved driveway adds convenience and curb appeal, while the setting provides the perfect balance of open space and wooded charm. With its close proximity to Spencer, this home offers both seclusion and accessibility—an ideal combination for those seeking a hillside retreat without sacrificing everyday convenience.
507 N US Highway 231, Spencer, IN 47460 is a 3 bedroom, 2 bathroom, 2,078 sqft single-family home built in 1965. It last sold for $245,000 on Jan 8, 2026 (2% below the $249,900 asking price). It is currently off market. The Trulia Estimate is $250,400, with a rent estimate of $1,985/month.
Home Details for 507 N US Highway 231
|
|---|
MLS Status: Closed |
|
|---|
Interior Details Basement: None,ConcreteNumber of Rooms: 7Types of Rooms: Bedroom 1, Bedroom 2, Dining Room, Family Room, Kitchen, Living Room |
Beds & Baths Number of Bedrooms: 3Main Level Bedrooms: 3Number of Bathrooms: 2Number of Bathrooms (full): 2 |
Dimensions and Layout Living Area: 2078 Square Feet |
Appliances & Utilities Appliances: Range/Oven Hook Up Elec, Dishwasher, Microwave, Refrigerator, Electric RangeDishwasherLaundry: Electric Dryer Hookup,Main Level,Washer HookupMicrowaveRefrigerator |
Heating & Cooling Heating: Natural GasHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Natural Gas |
Fireplace & Spa Number of Fireplaces: 2Fireplace: Family Room, Living RoomHas a Fireplace |
Gas & Electric Electric: Duke Energy IndianaGas: Community NatGas(Spencer) |
Windows, Doors, Floors & Walls Window: Double Pane Windows, Window TreatmentsFlooring: Laminate |
Levels, Entrance, & Accessibility Stories: 1Levels: OneFloors: Laminate |
|
|---|
Exterior Home Features Roof: ShinglePatio / Porch: PatioFencing: None |
Parking & Garage No GarageHas Open ParkingParking: Asphalt |
Frontage Not on Waterfront |
Water & Sewer Sewer: None |
Finished Area Finished Area (above surface): 2078 Square Feet |
|
|---|
Year Built Year Built: 1965 |
Property Type / Style Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Ranch |
Building Construction Materials: Vinyl SidingNot a New ConstructionDoes Not Include Home Warranty |
Property Information Parcel Number: 601016400400.000027 |
|
|---|
Price List Price: $249,900 |
Status Change & Dates Off Market Date: Tue Jan 06 2026 |
|
|---|
|
|---|
Direction & Address City: SpencerCommunity: None |
School Information Elementary School: SpencerElementary School District: Spencer-Owen Community SchoolsJr High / Middle School: Owen ValleyJr High / Middle School District: Spencer-Owen Community SchoolsHigh School: Owen ValleyHigh School District: Spencer-Owen Community Schools |
|
|---|
Building Area Building Area: 2078 Square Feet |
|
|---|
Community Features: None |
|
|---|
Lot Area: 2.94 Acres |
|
|---|
Listing Terms: Cash, Conventional, FHA, USDA Loan, VA Loan |
|
|---|
Mls Number: 202537797Attribution Contact: Cell: 812-821-1735Above Grade Unfinished Area: 2078 |
|
|---|
None |
Last check for updates: about 23 hours ago
Listed by Tara White, (812) 821-1735
Century 21 Scheetz - Bloomington
Bought with: John Wells, Wells Auction & Realty
Source: IRMLS, MLS#202537797

Price History for 507 N US Highway 231
| Date | Price | Event | Source |
|---|---|---|---|
| 01/08/2026 | $245,000 | Sold | IRMLS #202537797 |
| 01/07/2026 | $249,900 | Pending | IRMLS #202537797 |
| 11/29/2025 | $249,900 | PriceChange | IRMLS #202537797 |
| 10/23/2025 | $269,900 | PriceChange | IRMLS #202537797 |
| 10/03/2025 | $279,900 | PriceChange | IRMLS #202537797 |
| 09/18/2025 | $289,900 | Listed For Sale | IRMLS #202537797 |
Market trends in Spencer
Last updated June 2026
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
50
1MoM
Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $1,380 |
| Assessment | $237,600 |
Home facts updated by county records
Comparable Sales for 507 N US Highway 231
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.71 | Single-Family Home | $260,000 | 04/02/26 | 3 | 1 | 1,300 | |
0.74 | Single-Family Home | $250,000 | 12/11/25 | 3 | 1 | 2,404 | |
0.95 | Single-Family Home | $180,000 | 12/18/25 | 2 | 2 | 2,346 | |
1.11 | Single-Family Home | $226,000 | 07/14/26 | 4 | 1.5 | 3,456 | |
1.02 | Single-Family Home | $255,000 | 05/11/26 | 4 | 2.5 | 3,222 | |
0.80 | Single-Family Home | $190,000 | 01/23/26 | 2 | 1 | 1,160 | |
0.81 | Single-Family Home | $123,000 | 06/29/26 | 2 | 1 | 1,776 | |
0.92 | Single-Family Home | $151,250 | 04/15/26 | 3 | 1 | 3,862 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 507 N US Highway 231.
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.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Apartments for Rent
Homes for sale near 507 N US Highway 231
Off Market Homes Near 507 N US Highway 231

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.

