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48 W Clay Street

Spencer, IN 47460

ActiveListed Jul 14, 2026 · 66 days on market

Key facts

Beds
3
Baths
2 full
Living area
1,317 sqft
Lot
0.07 acres
Year built
2026
Type
Residential · Single Family Residence
Stories
One
Garage
1 space
MLS #
22113506
County
Owen
Subdivision
No Subdivision
New construction
Yes

About this home

New Construction - Currently Under Construction! Near Completion!! Be among the first to own this beautiful new one-level home at 48 W. Clay St., Spencer, IN. Offering approximately 1,317 square feet of thoughtfully designed living space, this home features 9-foot ceilings and an open-concept floor plan that seamlessly connects the living room, dining area, and kitchen. The kitchen will be equipped with a full suite of new black stainless-steel appliances, providing both style and functionality. The efficient layout includes three bedrooms and two full baths, including a primary suite with a private bath. An attached 14' x 23' garage offers convenient parking and additional storage. Situated on a 44' x 68' lot, this home provides the benefits of low-maintenance living with the quality and efficiency of new construction. Conveniently located near shopping, dining, parks, and local amenities. Construction is underway, and final finishes and completion date are subject to construction progress.

Description provided by the listing brokerage.

Interior

Appliances
DishwasherElectric Water HeaterDisposalMicrowaveElectric OvenRefrigerator
Interior features
Bath Sinks Double MainHi-Speed Internet AvailblWalk-In Closet(s)
Rooms
7
Main-level bedrooms
3
Condition
New ConstructionUnder Construction

Exterior

Construction
Vinyl Siding
Foundation
Crawl Space
Parking and garage
Attached

Systems

Heating
ElectricHeat Pump
Cooling
Central Air
Water
Public

Schools

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

Taxes

Estimated annual tax
$416 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$1,434per month, estimated
Principal and interest $1,308Property tax $35Insurance $91
20% · $51,900
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$259,500
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