Situated at 279 E Franklin ST in SPENCER, IN, USA, this distinctive single-family residence, constructed in 1931, represents a truly compelling opportunity. It stands as an excellent prospect for discerning investors and also extends an inviting call to handy homeowners prepared to realize its full potential. Within this dwelling, the kitchen emerges as a particularly inviting space with dining a separate room adequately spaced. The residence extends across a substantial 2814 square feet of living area, thoughtfully distributed over 1.5 stories, providing considerable room for comfortable living. It comprises three well-appointed bedrooms, offering versatile accommodation options, complemented by a single full bathroom. Set upon an expansive 8712 square foot lot, the property provides ample outdoor space for various endeavors. This enduring structure, with its 1931 provenance, embodies a significant investment opportunity, appealing to those keen on property enhancement or portfolio expansion. This property ultimately presents a unique foundation for future aspirations, owner occupant and investors alike!
Active
$164,900
279 E Franklin St, Spencer, IN 47460
3beds
3,862sqft
Est.:
Residential, Single Family Residence
Built in 1931
8,712 Square Feet Lot
$156,200 Zestimate®
$43/sqft
$-- HOA
What's special
Three well-appointed bedrooms
- 24 days |
- 1,466 |
- 41 |
Zillow last checked: 8 hours ago
Listing updated: February 13, 2026 at 05:29pm
Listing Provided by:
Sheila Hubbard 317-440-5088,
Diverse Property Solutions Ind
Source: MIBOR as distributed by MLS GRID,MLS#: 22082415
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Primary bedroom
- Level: Main
- Area: 168 Square Feet
- Dimensions: 12x14
Bedroom 2
- Level: Main
- Area: 90 Square Feet
- Dimensions: 10x09
Bonus room
- Level: Upper
- Area: 120 Square Feet
- Dimensions: 10x12
Dining room
- Level: Main
- Area: 120 Square Feet
- Dimensions: 10x12
Kitchen
- Level: Main
- Area: 192 Square Feet
- Dimensions: 12x16
Living room
- Level: Main
- Area: 224 Square Feet
- Dimensions: 14x16
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: None
Features
- Built-in Features, Hardwood Floors, Pantry
- Flooring: Hardwood
- Windows: WoodWorkStain/Painted, Wood Work Stained
- Basement: Unfinished
Interior area
- Total structure area: 3,862
- Total interior livable area: 3,862 sqft
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Detached
- Garage spaces: 1
Features
- Levels: One and One Half
- Stories: 1
Lot
- Size: 8,712 Square Feet
Details
- Parcel number: 601021300400221028
- Special conditions: Cosmetics Needed,Short Sale
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Residential, Single Family Residence
Materials
- Stone
- Foundation: Block
Condition
- New construction: No
- Year built: 1931
Utilities & green energy
- Water: Public
Community & HOA
Community
- Subdivision: Spencer
Location
- Region: Spencer
Financial & listing details
- Price per square foot: $43/sqft
- Tax assessed value: $192,700
- Annual tax amount: $3,854
- Date on market: 2/6/2026
- Cumulative days on market: 25 days
Estimated market value
$156,200
$147,000 - $164,000
$1,651/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/6/2026 | Listed for sale | $164,900$43/sqft |
Source:  MIBOR as distributed by MLS GRID #22082415 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,480 +36.8% | $192,700 +9.1% |
| 2023 | $1,082 -8.9% | $176,700 +27.5% |
| 2022 | $1,187 +12.7% | $138,600 -3.1% |
| 2021 | $1,053 +11.5% | $143,000 +6.3% |
| 2020 | $945 +10% | $134,500 +8.6% |
| 2019 | $859 -5.3% | $123,800 +4.6% |
| 2018 | $908 +3.7% | $118,400 -3.8% |
| 2017 | $875 | $123,100 |
| 2016 | $875 -1.8% | $123,100 +2.3% |
| 2014 | $891 +3.6% | $120,300 +0.9% |
| 2013 | $860 -2.8% | $119,200 +1.4% |
| 2012 | $885 +31.3% | $117,500 +8.1% |
| 2011 | $674 -13.9% | $108,700 -3.6% |
| 2010 | $782 -5.7% | $112,800 -5.3% |
| 2009 | $830 -8.5% | $119,100 -0.3% |
| 2007 | $907 -19.1% | $119,400 +1.5% |
| 2006 | $1,121 | $117,600 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$942/mo
Principal & interest
$850
Property taxes
$92
Climate risks
Neighborhood: 47460
Nearby schools
GreatSchools rating
- 3/10Spencer Elementary SchoolGrades: PK-6Distance: 0.4 mi
- 7/10Owen Valley Middle SchoolGrades: 7-8Distance: 1.3 mi
- 4/10Owen Valley Community High SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- Middle: Owen Valley Middle School
- High: Owen Valley Community High School
Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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