- 4 beds
- 2 baths
- 3,581 sqft
- ~3 acre lot
- $149 per sqft
- 1952 build
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.
Last checked:
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Last updated Jun 13, 2025
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MLS# 22040235 —
This home is listed in more than one place. See it here.
The Building
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Year Built:1952
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New Construction:false
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Construction Materials:Stone
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Architectural Style:Ranch
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Foundation Details:Block
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Levels:One
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Basement:true
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Basement:Partial, Partially Finished
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Patio And Porch Features:Covered Porch, Porch Open
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Accessibility Features:No
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Green Certification:No
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Building Area Total:4641
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Below Grade Finished Area:596
Interior
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Rooms:9
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Rooms Total:10
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Rooms Total:9
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Interior:Laundry in Unit,Living Room Formal
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Interior Features:Breakfast Bar, Built In Book Shelves, In-Law Arrangement, Eat-in Kitchen, Pantry, Walk-in Closet(s)
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Other Equipment:Sump Pump
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Eating Area:Formal Dining Room
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Laundry Features:Connections All
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Fireplaces Total:2
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Fireplace Features:Basement, Den/Library Fireplace
Room Dimensions
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SqFt:2985
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Main Level SqFt:2985
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Living Area:3581
Location
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Directions:GPS Friendly
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Latitude:39.286466
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Longitude:-86.751393
The Property
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View:true
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Property Type:Residential
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Property Subtype:Single Family Residence
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Property Attached:false
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Parcel Number:601021300400363027
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Acres:1-3 Acres
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Lot Features:City Lot, Corner Lot, Irregular Lot, Not In Subdivision
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Lot Size Acres:2.89
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Lot Size SqFt:125,888 Sqft
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Price Per Acre:185121
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Waterfront:false
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Horse Amenities:None
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Fence:No
Listing Agent
- Contact info:
- Agent phone:
- (812) 821-6051
- Office phone:
- (844) 821-6051
Taxes
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Tax Lot:601021300400363027
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Tax Year:2024
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Tax Exemptions:Homestead Tax Exemption
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Semi Annual Property Tax Amt:2602
Beds
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Beds:4
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Bedrooms:4
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Bedrooms Total:4
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Main Level Bedrooms:4
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Primary Bedroom Description:Closet Walk in
Baths
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Baths:2
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Full Baths:2
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Full Baths:2
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Full Baths Main:2
Heating & Cooling
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Heating:Forced Air, Natural Gas
Utilities
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Water Source:Private Well
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Solid Waste:No
Appliances
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Appliances:Dryer, Electric Oven, Refrigerator, Washer
Schools
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Elementary School:Spencer Elementary School
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Middle Or Junior School:Owen Valley Middle School
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High School:Owen Valley Community High School
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High School District:Spencer-Owen Community Schools
The Community
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Subdivision Name:No Subdivision
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Spa:false
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Pool Private:false
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Association:false
Parking
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Parking Features:Attached, Detached, Concrete
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Garage:true
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Garage Spaces:2
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Garage SqFt:1600
Monthly cost estimate

Asking price
$535,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$2,864
|
Taxes | $433 |
Insurance | $147 |
Utilities | $203 See report |
Total | $3,647/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
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6/11/25
Jun 11, 2025
|
Listed / Active | MIBOR | $535,000 |