507 N  US Highway 231, Spencer, IN 47460
Property image
Property image
FOR SALE
NEW - 21 HRS AGO
3D VIEW
2.94 ACRES

$315,000

  • 3 Beds
  • 2 Baths
  • 2,078 sqft (on 2.94 acres)

507 N US Highway 231, Spencer, IN 47460

Est. Mortgage $1,938/mo*
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We estimate this home will sell faster than 96% nearby.

Home Highlights

Single-Family Home
Built in 1965
2.94 acre lot
Open Parking

Local Information

  • Map ViewExplore the area around 507 N US Highway 231.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

WOW!! Check out this 2078sqft partial berm home. Come into the Beautiful family room with gas fire place 18x19 behind the barn door is laundry mechanical closet and storage. Step up into the hall to a flex space 16x11 with wood burning fire place and built ins , Off to the right is the master suit 10x15 with on suit master bath with soaker tub and stand up shower. Move into the large kitchen at 12 x16 plenty of space to prep and appliances stay. Off the kitchen is a dinning and living room combo at 12x24 with large picture windows over looking the hillside. From there you go down the hall to two bedrooms at 11x9 each and a second bath. Newer paint and wood floors through out the home also new light fixtures. Out side setting is a wooded area with 2.94ac with a fire pit, shelter house, and a new yard barn for storage. Will come with 1year Home Warranty. Close to Spencer and McCormick State Park, 28 minutes to Martinsville and Bloomington
Last check for updates: about 14 hours ago
Listing courtesy of Darren Gilmore, (812) 709-0859
CK Realty Homes
Source: IRMLS, MLS#202638251
Also Listed on IRMLS.
We estimate this home will sell faster than 96% nearby.

Home Details for 507 N US Highway 231

Active Status

MLS Status: Active

Interior Features

Interior Details
Number of Rooms: 7Types of Rooms: Bedroom 1, Bedroom 2, Family Room, Kitchen, Living Room, Office
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: Dishwasher, Microwave, Refrigerator, Electric Cooktop, Electric OvenDishwasherLaundry: Main LevelMicrowaveRefrigerator
Heating & Cooling
Heating: Propane,Wood,Ceiling,Forced AirHas CoolingAir Conditioning: Central Air,Ceiling Fan(s)Has HeatingHeating Fuel: Propane
Fireplace & Spa
Number of Fireplaces: 2Fireplace: Den, Family Room, Gas Log, Wood BurningHas a Fireplace
Gas & Electric
Electric: Duke Energy Indiana
Windows, Doors, Floors & Walls
Flooring: Laminate, Tile
Levels, Entrance, & Accessibility
Stories: 1Levels: OneFloors: Laminate, Tile

Exterior Features

Exterior Home Features
Roof: MetalFencing: NoneOther Structures: ShedExterior: Fire PitFoundation: Slab
Parking & Garage
No GarageHas Open ParkingParking: Asphalt
Frontage
Not on Waterfront
Water & Sewer
Sewer: Septic Tank
Finished Area
Finished Area (above surface): 2078 Square Feet

Days on Market

Days on Market: <1 day on Trulia

Property Information

Year Built
Year Built: 1965
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Earth Home/Berm
Building
Construction Materials: Block, Vinyl Siding, LimestoneNot a New ConstructionIncludes Home Warranty
Property Information
Parcel Number: 601016400400.000027

Price & Status

Price
List Price: $315,000

Location

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

Agent Information

Listing Agent
Listing ID: 202638251

Building

Building Area
Building Area: 2078 Square Feet

Lot Information

Lot Area: 2.94 Acres

Offer

Listing Terms: Cash, Conventional, FHA, USDA Loan, VA Loan

Miscellaneous

Mls Number: 202638251Attribution Contact: cell: 812-709-0859Above Grade Unfinished Area: 2078

Around this home

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."

Market trends in Spencer

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
Sale-to-List Price
Price per sq ft
Available listings
54
4
MoM

Home Value

Trulia Estimate
$308K
Since last month
Increased$56K (+22.5%)
Since last year
Increased$117K (+61.6%)
Since last sale
Increased$63K (+25.6%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +152% in the last 10 years
MonthEstimated value
2026
September 2026$308K
August 2026$251K
July 2026$251K
June 2026$252K
May 2026$250K
April 2026$249K
March 2026$247K
February 2026$246K
January 2026$245K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.67
Single-Family Home
$370,000
08/28/26
3
2.5
2,822
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
0.83
Single-Family Home
$173,000
08/14/26
2
1
1,040
1.11
Single-Family Home
$226,000
07/14/26
4
1.5
3,456

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
0.31
-
-
-
-
Off Market
0.54
$219,900
4
1
1,360
For Sale
0.58
$184,800
2
2
850
Off Market
0.58
$286,100
2
2.5
1,296
Off Market
0.58
$209,600
2
1
1,341
Off Market
0.60
$261,700
4
2.5
2,126
Off Market
0.67
$370,000
3
2.5
2,822
Recently Sold
0.68
$213,800
2
2
1,502
Off Market
0.69
$172,400
2
1
838
Off Market
0.69
$232,500
5
2.5
1,680
Off Market
0.71
$230,900
3
1.5
1,532
Off Market

Price and Tax history

DateEventPrice
Sep 16, 2026
Source: IRMLS #202638251
Listed For Sale
$315,000
Jan 8, 2026
Source: IRMLS #202537797
Sold
$245,000
Jan 7, 2026
Source: IRMLS #202537797
Pending
$249,900
Nov 29, 2025
Source: IRMLS #202537797
PriceChange
$249,900
Price decreased by 7%
Oct 23, 2025
Source: IRMLS #202537797
PriceChange
$269,900
Price decreased by 4%

LGBTQ Local Legal Protections

Darren Gilmore, CK Realty Homes
Agent Phone: (812) 709-0859
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.

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Frequently asked questions about 507 N US Highway 231

  • What is the estimated monthly payment for 507 N US Highway 231?
    Based on a $315,000 list price with 20% down at today's rates, the estimated monthly payment for 507 N US Highway 231 in Spencer, IN is approximately $1,984 (about $1,733 principal & interest, $176 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 507 N US Highway 231?
    The closest schools to 507 N US Highway 231 in Spencer, IN are Owen Valley Community High School (rated 8/10), Owen Valley Middle School (rated 6/10), Spencer Elementary School (Pre-K, rated 5/10).
  • What is 507 N US Highway 231 estimated to be worth?
    Trulia's estimated value for 507 N US Highway 231 in Spencer, IN is $307,600.
  • Does 507 N US Highway 231 have air conditioning?
    Yes, 507 N US Highway 231 in Spencer, IN has air conditioning.
  • Does 507 N US Highway 231 have laundry facilities?
    Yes, 507 N US Highway 231 in Spencer, IN has laundry facilities.
507 N US Highway 231, Spencer, IN 47460 is a 3 bedroom, 2 bathroom, 2,078 sqft single-family home built in 1965. This property is currently available for sale and was listed by IRMLS on Sep 16, 2026. The MLS # for this home is MLS# 202638251.