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$275,000 ↓$10,000on 2/27/2024

705 E Morgan Street Spencer, IN  47460

  • 3 Beds
  • 2 Baths
  • 1,496 sq. Ft

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Property Description for 705 E Morgan Street Spencer, IN 47460

Versatile property on 0.59 acre in Spencer city limits on SR 46! Charming brick ranch, spanning 1496 square feet w/ 3 bed/2 bath presents an exciting opportunity for both residential living & entrepreneurial pursuits, as it is zoned for residential & commercial use. Entering the front foyer w/ ample closet space you are greeted by a spacious living room, perfect for family gatherings and relaxation. The formal dining room with new LVP flooring provides an ideal space for entertaining guests that opens into the three seasons room with its charming brick floor and abundance of natural light. The kitchen featuring cherry cabinetry, sleek solid surface countertops, & updated stainless-steel appliances. The attached two-car garage comes complete with built-in cabinets and attic storage. The property boasts a fenced-in backyard, creating a secure haven for both children & pets to play. The low-maintenance brick exterior, large front porch, and new roof contribute to the property's curb appeal and durability. Updates in this well-maintained home, including a recently installed HVAC system, new windows, & a walk-in shower in the master bath. Whether you're drawn to the prospect of a charming family residence or seeking a prime location for your business, this property offers a rare and exciting opportunity.

Address:705 E Morgan Street Spencer IN 47460
Status:Active
on site: 122 days
Price:$275,000
Bedrooms:3 Beds
Bathrooms:2 Full Baths
Sq. Feet:1,496
Year Built:1966
Lot Size:0.59
County: Owen County
Township: Washington
School System : Spencer-Owen Community
MLS #:202345480
Property Type:Site-Built Home

Lot Dimensions:10x10
Lot Description:Corner,Level,0-2.9999
Directions:From Bloomington take SR 46 West to Spencer, as you enter city limits turn right onto N Fairview Ave, first driveway on your right.
Total Sq. Ft. :1,496
Garage:Attached
Basement:No

Loan Price
$1,784
Price And Interest $1,435/month
Property Tax $234/month
MTG INS $0/month
HOME INS $115/month
Price
$275,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$234/month
Home Owner Insurance
$1,380 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

DateOld PriceNew PricePercent Change
02/27/24 $285,000 $275,000 -3.51%

RoomSizeLevel
Master Bedroom 10 x 16 Main
2nd Bedroom 10 x 12 Main
3rd Bedroom 10 x 11 Main
Kitchen 12 x 11 Main
Dining Room 11 x 17 Main
Living Room 19 x 19 Main

Semi-Annual Property Tax:$1,404
Tax Year:2022 Payable 2023
Mandatory HOA Fee:$

City:Spencer
Subdivision: None
Zip Code:47460

High School:Owen Valley
Middle School:Owen Valley
Elementary School:Spencer

Total Sq. Ft.:1,496
Appliances:Dishwasher, Refrigerator, Washer, Window Treatments, Dryer-Electric, Range-Electric, Water Heater Electric
Exterior Features:Aluminum, Brick
Fuel:Gas, Forced Air
Fireplace(s):None
Cool:Central Air
Heat:Gas, Forced Air
Total Rooms:6
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

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Schools in 705 E Morgan Street Spencer, IN  47460


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Listing provided courtesy of Corey Mauder with Century 21 Scheetz - Bloomington

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than F.C. Tucker Company include the name of the listing IDX broker. This 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. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.



Spencer Market Report

109
Avg. DOM
$170.92
Avg. $ / Sq.Ft.
$ 314,900
Med. List Price

The house prices in Spencer are indeed dropping at the moment. There has been a decrease in price of $13,571.43. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

The housing market and house prices in Spencer are going Down. The average house price is $295,000.00 and the average price per square feet is $174.59 per square feet. At the moment, the amount of homes listed is exactly 182 houses, with 36 with active status, 13 with pending status and 133 sold in Spencer .

The most popular place to buy a home in Spencer is 6010 - Owen - Washington. 6010 - Owen - Washington is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in Spencer .

The average amount of property taxes you would have to pay for a home in Spencer is $2,336.20. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.

Properties in Spencer are staying listed for an average of 69 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.

The last home listed in Spencer was 2343 minutes ago.

At the moment we have 0 open houses that you can visit.

The cost of the most expensive home in Spencer is $1,390,000.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.

The cost of the cheapest home in Spencer is $115,000.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.

The date of the oldest built home in Spencer in year 1830 and the newest built house is in year 2024.

The average size of properties in Spencer is 2159.53 sq.ft. , the biggest one being 5836 sq.ft. and the smaller being 918 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.