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    231 N Hwy Spencer, IN 47460

    Picture of Land at N Hwy 231, Spencer, IN
    For Sale
    $229,900

    Residential Land - Spencer, IN

    Lot size:
    25.41 Acres
    Days on Market:
    32
    Last Refresh:
    Dec 5 at 7:06 pm

    Property Features for 231 N Hwy

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    60-07-17-400-300.030-024
    Lot size
    25.41 Acres

    Building Details

    Architectural style
    Other

    Peek & Associates RE & Mgt Co LLC (812) 325-5638 [email protected]

    Listing agent Chris Wesley (812) 828-5310 License #RB14024437

    Listing date Nov 4, 2025

    MLS# 202544744 Listing URL

    Copyright © 2025 Indiana Uplands Realtor® Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    25.41 Acres Near US 231

    This 25.41-acre property is located just north of Carp on US Highway 231. The parcel includes approximately 10 acres of wooded land and 15 acres of tillable ground. The wooded acreage is suitable for hunting and trails. The tillable ground offers income potential or space for crops and gardens. This property is located in Owen County, in Spencer, Indiana.
    Property Profile Location Intelligence

    Current Use by Public Records

    Agricultural land

    Map

    City
    Spencer
    County
    Owen
    State
    Indiana
    Longitude
    -86.766728029685
    Latitude
    39.388500741032

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    FAQs

    What type of property is this?
    Land - 25.41-acre property with wooded and tillable land near US 231.
    Where is this land located?
    The property is located at 231 N Hwy Spencer, IN.
    What is the asking price?
    The asking price for this property is $229,900.
    What are key features of this property?
    This property features: - 25.41-acre property with a mix of wooded and tillable land.; - Approximately 10 acres of wooded land ideal for recreation and hunting.; - Approximately 15 acres of tillable ground suitable for farming or gardening.
    (812) 828-5310
    Request Owner's contact information
    231 N Hwy Spencer, IN 47460
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    Spencer, IN 47460
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    231 N Hwy Spencer, IN 47460
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