Skip to content

5191 Patricksburg Road

Spencer, IN 47460

ActiveListed Nov 4, 2026 · 1 day on market

Key facts

Beds
2
Baths
2 full
Living area
2,438 sqft
Lot
12.77 acres
Year built
1979
Type
Residential · Single Family Residence
Stories
One
Garage
2 spaces
MLS #
22134925
County
Owen
Subdivision
No Subdivision

About this home

Discover the possibilities with this 2-bedroom, 2-bath home offering 2,438 sq. ft. of living space on 12.77 acres near Spencer! Featuring a desirable mix of wooded and open acreage, this property offers a beautiful country setting with an approximately 1-acre farm pond and plenty of room for outdoor recreation and enjoyment. The home includes a full finished walk-out basement, providing additional living and entertaining space. Outside, you'll find a 22x25 enclosed carport with concrete floor and a 14x22 detached single-car garage with concrete floor, both equipped with electricity. Recent improvements include a standing seam metal roof approximately 2 years old and an electric water heater approximately 1 year old. With its combination of open land, wooded acreage, pond, and multiple outbuildings, this property offers endless possibilities for those looking to add their personal touches and make it their own. A unique opportunity to enjoy country living on 12.77 acres with so much potential! Priced to sell!!

Description provided by the listing brokerage.

Interior

Appliances
DishwasherDryerElectric Water HeaterMicrowaveOvenElectric OvenRefrigeratorFree-Standing FreezerWasher
Interior features
Built-in FeaturesEntrance Foyer
Fireplaces
1
Fireplace type
InsertGas LogLiving Room
Rooms
9
Main-level bedrooms
1

Exterior

Construction
Wood Siding
Foundation
BlockFull
Parking and garage
Detached

Systems

Heating
BaseboardForced AirPropane
Cooling
Central AirWindow Unit(s)
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
$1,226 / 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$249,000$102 / 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

$1,444per month, estimated
Principal and interest $1,255Property tax $102Insurance $87
20% · $49,800
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.

Talk to a lender we trust
Address
5191 Patricksburg Road, Spencer, IN 47460
County
Owen
Talk to Roots

Want us to run the numbers with you?

Book a consultation and a Roots agent will help you pressure-test the payment, repairs, resale, and rent.

Listed at$249,000
Talk to Roots

Ready to plant roots in Indianapolis?

Book a consultation and a Roots agent will help you turn the next move into a real plan.