Tour
$3,561 Closing Credit¹
#22022523, Samantha Carver, Listing office: HOME TEAM Properties
$535,000 List price
851 E Franklin St Spencer, IN 47460
$6,353
Closing credit¹
4 beds
2 full
4,641 sqft
2.9 acres
$115 / sqft
House
Property details
About 851 E Franklin St
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.
Highlights
Home typeSingle Family Residence
HeatingForced Air, Natural Gas
StatusActive
Size4,641 sqft
BasementYes
Lot size2.89 Acres
Year built1952
MLS #22040235
FireplaceBasement, Den/Library Fireplace
Summary
- Full Bathrooms: 2
- Appliances: Dryer, Electric Oven, Refrigerator, Washer
- Basement: Yes
- Interior: Breakfast Bar, Built In Book Shelves, In-Law Arrangement, Eat-in Kitchen, Pantry, Walk-in Closet(s)
- Fireplace: Basement, Den/Library Fireplace
- Total Bedroom Count: 4
- Architectural Style: Ranch
- Heating: Forced Air, Natural Gas
- List Price: $535,000
- Price/SqFt: $115
- Directions: GPS Friendly
- Year Built: 1952
- Living Area: 4,641 SqFt
- Lot Size: 2.89 Acres
- MLS Number: 22040235
- MLS Name: MIBOR
- Office Name: HOME TEAM Properties
- Office Email: scarver@homefinder.org
- Listing Agent: Samantha Carver
Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.
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Based on information submitted to the Broker Listing Cooperative listing service. All information provided is deemed reliable but is not guaranteed and should be independently verified. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/19/2025, 11:46:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$535,000
851 E Franklin St
$6,353
closing credit¹
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0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Mar 20, 2024 | Home Sold | $72,000 |
| Mar 09, 2023 | Home Sold | $500,000 |
Tax history
We're sorry, we currently don't have tax history data for this listing.
History based on county public records data.
Nearby schools
4
Spencer Elementary School
Public District PK-6
0.6 mi
•151 E Hillside Ave
7
McCormick's Creek Elementary School
Public District KG-6
2.9 mi
•1601 Flatwoods Rd
6
Gosport Elementary School
Public District PK-6
6.2 mi
•9th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $60,789. Residents of Spencer, IN typically earn between $35k-100k each year. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
35%
<35k
42%
35k-100k
19%
100k-200k
4%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
42%
Single, No Kids
8%
Single, with Kids
33%
Married, No Kids
17%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
7%
12-17 yrs old
14%
18-34 yrs old
45%
35-64 yrs old
19%
65+ yrs old
What do the neighbors do for fun?
NASCAR
Hunting
Figure Skating
Where do the neighbors shop?
Dollar General
Bass Pro Shops
Academy Sports & Outdoors
Where do the neighbors go to eat?
Hardee's
Jimmy Johns
Applebees
What do the neighbors drive?
GMC
Chevrolet
Ram
What do the neighbors listen to?
Classic Country
New Country- Country
All data provided by Home Junction and Claritas
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Frequently asked questions
About 851 E Franklin St
The listing price of 851 E Franklin St property is $535,000.
The property 851 E Franklin St is a house located in Spencer, Indiana, 47460.
Active Listing: 851 E Franklin St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 851 E Franklin St are: Spencer Elementary School (GreatSchools Rating 4/10), McCormick's Creek Elementary School (GreatSchools Rating 7/10), Gosport Elementary School (GreatSchools Rating 6/10), Owen Valley Middle School (GreatSchools Rating 6/10), Edgewood Junior High School (GreatSchools Rating 5/10), Tri-North Middle School (GreatSchools Rating 6/10), Owen Valley Community High School (GreatSchools Rating 4/10), Edgewood High School (GreatSchools Rating 5/10), Seven Oaks Classical School (GreatSchools Rating 7/10).
The last sale was on March 20, 2024 for $72,000 (source: MLS/tax record).
The property at 851 E Franklin St has 4 bedrooms and 2 bathrooms.
The property 851 E Franklin St is 4,641 SqFt (source: MLS/tax record).
The year of construction for 851 E Franklin St is 1952.
This home is located at 851 E Franklin St in Spencer, IN and zip code 47460. This 4,641 square foot home, which was built in 1952, sits on a 2.89 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since June 11, 2025 and is currently priced at $535,000.
Spencer, IN housing market in May 2025 saw over 2 listings sold above listed price, more than 3 sold at listed price and over 13 sold below. The inventory of homes for sale in Spencer, IN between April and May 2025 decreased by 2.9%. In May 2025, listings were on the market for 103 days. During the same period, the median list price in this real estate market was $277,500.
From Rocket Homes Real Estate and based on county public records data.