507 N  US Highway 231, Spencer, IN 47460
Property image
Property image
SOLD
JAN 8, 2026

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

  • 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

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

Active Status

MLS Status: Closed

Interior Features

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 Features

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

Property Information

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 & Status

Price
List Price: $249,900
Status Change & Dates
Off Market Date: Tue Jan 06 2026

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

Building

Building Area
Building Area: 2078 Square Feet

Community

Community Features: None

Lot Information

Lot Area: 2.94 Acres

Offer

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

Miscellaneous

Mls Number: 202537797Attribution Contact: Cell: 812-821-1735Above Grade Unfinished Area: 2078

Additional Information

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

DatePriceEventSource
01/08/2026$245,000Sold
IRMLS #202537797
01/07/2026$249,900PendingIRMLS #202537797
11/29/2025$249,900PriceChange
IRMLS #202537797
10/23/2025$269,900PriceChange
IRMLS #202537797
10/03/2025$279,900PriceChange
IRMLS #202537797
09/18/2025$289,900Listed For SaleIRMLS #202537797

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
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Property Tax and Assessment

Year2025
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

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Assigned Schools

These are the assigned schools for 507 N US Highway 231.
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."

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Apartments for Rent

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Homes for sale near 507 N US Highway 231

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Off Market Homes Near 507 N US Highway 231

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