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1550 Park Hill

Spencer, IN 47460

PendingListed Jul 16, 2026 · 56 days on market

Key facts

Beds
4
Baths
2 full · 2 half
Living area
5,400 sqft
Lot
4.11 acres
Year built
1976
Type
Residential · Single Family Residence
Stories
Two
Garage
2 spaces
MLS #
22113722
County
Owen
Subdivision
Park Hill Estates

About this home

Perched atop Park Hill Drive on 4.11 sprawling acres, this classic, stately brick residence has been cherished by a single owner and offers commanding views over downtown Spencer below. At 5,300 square feet, this 4 bedroom, 4 bath home blends timeless craftsmanship with everyday livability. From the brick walkways to the wainscotting, vaulted and beamed ceilings, hardwood floors, and crown molding, fine details are found throughout. Custom cabinetry, multiple built-ins, and two wood-burning brick fireplaces bring warmth and character to the home's gathering spaces. The 2,176-square-foot main level offers a room for every occasion, including a family room with a wet bar tucked neatly behind closet doors. Upstairs, an impressively large cedar-lined closet, four bedrooms include a private master suite with a full bath. Out back, a large brick patio offers exquisite views over downtown Spencer. The fully finished basement adds a half bath, recreation area, bar, and additional flex room. One-owner homes with this craftsmanship, acreage, and view are exceedingly rare in Owen County. This is a legacy property waiting for its next chapter.

Description provided by the listing brokerage.

Interior

Appliances
Electric CooktopDishwasherDryerElectric Water HeaterMicrowaveOvenRefrigeratorFree-Standing FreezerWasherWater Heater
Interior features
Built-in FeaturesVaulted Ceiling(s)Hi-Speed Internet Availbl
Other rooms and areas
Laundry in UnitLiving Room FormalUtility Room
Flooring
Hardwood
Basement
FinishedFull
Fireplaces
2
Fireplace type
Basement
Laundry
Main Level
Rooms
14

Exterior

Exterior features
Basketball Court
Patio and porch
CoveredPatio
Construction
Brick
Foundation
Block
Style
Traditional
Parking and garage
Attached
View
DowntownRuralTrees/Woods

Systems

Heating
ElectricHeat Pump
Cooling
Heat Pump
Water
Public
Utilities
Electricity ConnectedSeptic SystemWater Connected

Lot and HOA

Lot features
Rural - SubdivisionMature TreesWooded

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
$4,150 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$3,553per month, estimated
Principal and interest $2,999Property tax $346Insurance $208
20% · $119,000
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$595,000
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