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931 Wesley Chapel Road

Spencer, IN 47460

ActiveListed Oct 23, 2026 · 1 day on market

Key facts

Living area
900 sqft
Lot
0.48 acres
Year built
1940
Type
Residential · Single Family Residence
Stories
One
MLS #
22133135
County
Owen
Subdivision
No Subdivision

About this home

Conveniently located just a half mile off US Highway 231, this .48-acre property offers an opportunity for recreational use or the potential to build a new home. The existing home is uninhabitable, in deteriorating condition, and beyond repair. Property is best suited for buyers looking to utilize the land and explore the possibilities of a new build or recreational retreat. Bring your ideas and make the most of this property's potential!

Description provided by the listing brokerage.

Estimate your monthly payment

$93per month, estimated
Principal and interest $76Property tax $13Insurance $5
20% · $3,000
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$15,000
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