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5 W Porter Ridge Road

Spencer, IN 47460

ActiveListed Dec 3, 2025 · 4 days on market

Key facts

Lot
154.81 acres
Type
Land · Farm
MLS #
22075640
County
Owen
Subdivision
No Subdivision

About this home

Great opportunity to own a large tract of land. This ground would make a great hunting/recreational property, a place to build a dream home, have a family compound or simply have a getaway cabin. Property is in a good location out in the country. This land is located near the Owen/Greene County line and is conveniently located only 15 minutes from Spencer and less than 30 minutes from Bloomington or Bloomfield, enjoy all that country life has to offer but still only a short drive to town or work. Property has good road frontage off of Porter Ridge Rd. A recent selective timber harvest was done and has added some nice trails for getting throughout the property along with a main road allowing access to the separate tracts that are being offered. There are several ideal building areas within the property. Water, electric and fiber are available at Porter Ridge Road. This property is home to an abundance of wildlife. Awesome ground for deer, turkey, small game and morel mushroom hunting. This tract is large enough to be able to hold deer and grow monster bucks. Several areas would make excellent spots to add in some food plots and have a dynamite hunting property. Some nice lakes and several brooks run through the ground providing a water source for the wildlife and opportunities to enjoy fishing. Property is also being offered as 4 separate split tracts, see maps for different tracts. Opportunities like this seldom come along.

Description provided by the listing brokerage.

Exterior

Other structures
Not Applicable

Systems

Sewer
Not Applicable

Lot and HOA

Zoning
154.81

Schools

Middle school
Owen Valley Middle School
High school
Owen Valley Community High School
School district
Spencer-Owen Community Schools

Taxes

Tax year
2024

Estimate your monthly payment

$5,969per month, estimated
Principal and interest $4,834Property tax $799Insurance $336
20% · $191,800
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax at 1.0% of price (Indiana homestead-capped at 1%), 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$959,000
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