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142 Cedar Lane

Spencer, IN 47460

ActiveListed Nov 3, 2026 · 3 days on market

Key facts

Beds
5
Baths
3 full · 1 half
Living area
4,498 sqft
Lot
18.19 acres
Year built
1999
Type
Residential · Single Family Residence
Stories
Two
Garage
2 spaces
MLS #
22128715
County
Owen
Subdivision
No Subdivision
Total building area
6,016 sqft

About this home

Set among 18+ acres of wooded countryside in Owen County, this 5-bedroom, 31/2-bath home offers 4,498 sq. ft. of living space, lake frontage, and distinctive architectural character. The home features vaulted ceilings, wood plank ceiling accents, and a turret in the spacious primary bedroom suite. Multiple sitting areas, a large walk-in closet with windows, tub, and walk-in shower add to the suite's appeal. An oversized kitchen provides abundant cabinet and counter space perfect for large family gatherings, a walk-in pantry, and a combined kitchen and dining area, with both the kitchen table and dining table included. Nearby, the family room features a fireplace, while the wraparound covered deck overlooks the lake and surrounding wooded property. Direct lake access and a shared lake offer opportunities to enjoy the water. Outside, a horse barn with 3 stalls and tack room and small fenced pasture complement the substantial wooded acreage. Additional features include an attached 2-car garage, full unfinished walkout basement, roof approximately 3 years old, two hot water heaters, and an included propane generator. With lake views throughout the home, wooded acreage, and room for horses and outdoor recreation, this property offers a setting and combination of features that are hard to find.

Description provided by the listing brokerage.

Interior

Appliances
DishwasherElectric Water HeaterExhaust FanMicrowaveOvenGas OvenRefrigeratorWater Softener Owned
Interior features
Vaulted Ceiling(s)Kitchen IslandEntrance FoyerHi-Speed Internet AvailblEat-in KitchenPantryWalk-In Closet(s)
Basement
FullUnfinishedWalk-Out Access
Fireplaces
1
Fireplace type
Gas LogLiving Room
Laundry
Main LevelSink
Rooms
10

Exterior

Exterior features
Barn Pole
Patio and porch
Deck
Construction
BrickVinyl Siding
Foundation
Block
Style
Traditional
Parking and garage
Attached
Fencing
Partial
View
LakeTrees/Woods
Waterfront
DockLake PrivilegesWater AccessWater ViewWaterfront
Other equipment
Generator

Systems

Heating
Forced AirGeothermalHeat PumpPropane
Cooling
Central AirGeothermal
Water
WellPrivate
Utilities
Electricity ConnectedNatural Gas ConnectedSeptic System

Lot and HOA

Lot features
Irregular LotRural - Not Subdivision

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
$3,350 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Price history

Every listing, price change and sale we have on record for this home.

DateEventPrice$/sq ft
Listed for sale$724,900$161 / sq ft

Properties displayed may be listed or sold by various participants in the MLS.

Information deemed reliable but is not guaranteed accurate.

© 2026 MIBOR REALTOR® Association

Based on information submitted to the Broker Listing Cooperative listing service as of November 12, 2026

Estimate your monthly payment

$4,187per month, estimated
Principal and interest $3,654Property tax $279Insurance $254
20% · $144,980
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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Address
142 Cedar Lane, Spencer, IN 47460
County
Owen
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Listed at$724,900
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