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1650 E State Road 46

Spencer, IN 47460

ActiveListed Oct 28, 2025 · 178 days on market

Key facts

Lot
14.44 acres
Type
Land · Residential Lots
MLS #
22070858
County
Owen
Subdivision
No Subdivision

About this home

This 14.44-acre property offers a unique combination of visibility, access, and natural beauty-just minutes east of downtown Spencer. With approximately 1,200 feet of frontage along State Highway 46, the property provides excellent exposure and convenient access for residential, recreational, or small commercial development. The front portion of the property features level, open acreage ideal for building, while the remainder is wooded, providing privacy and beautiful views of McCormick's Creek State Park and the White River. The property includes two access points from State Highway 46 and additional access from River Road, enhancing versatility and traffic flow. There are also two existing wells and two septic systems on-site; however, the condition of these utilities is not guaranteed by the sellers.

Description provided by the listing brokerage.

Exterior

Other structures
Not Applicable

Systems

Sewer
Septic Tank

Lot and HOA

Zoning
Residential

Schools

Elementary school
McCormick's Creek Elementary Sch
Middle school
Owen Valley Middle School
High school
Owen Valley Community High School
School district
Spencer-Owen Community Schools

Taxes

Estimated annual tax
$922 / yearTwice the semi-annual installment the listing reports.
Tax year
2024

Estimate your monthly payment

$1,478per month, estimated
Principal and interest $1,310Property tax $77Insurance $91
20% · $51,980
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$259,900
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