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    732 W Thornridge Way Spencer, IN 47460

    For Sale
    $45,000

    Residential Land - Spencer, IN

    Lot size:
    0.42 Acres
    Days on Market:
    90
    Last Refresh:
    Dec 8 at 4:06 pm

    Property Features for 732 W Thornridge Way

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    60-10-30-100-380.130-028
    Lot size
    0.42 Acres

    Building Details

    Architectural style
    Other

    Keith Realty & Auction Group (812) 821-7772

    Listing agent Trent Keith (812) 714-8250 License #RB16000005

    Listing date Sep 10, 2025

    MLS# 202536536 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

    Residential Land in Thornridge Subdivision

    This partially cleared wooded lot is larger than it appears from the street, encompassing nearly half an acre. A survey is available for reference. Located in the upscale Thornridge subdivision, the lot offers the possibility of building a walk-out home. The property is situated less than 30 minutes from the Indiana University campus, 3 minutes from downtown Spencer, and one hour from the Indianapolis airport. City water, city sewer, natural gas, and electric utilities are available. The neighborhood is described as beautiful and quiet, and there is no homeowners association.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Pharmacy Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spencer
    County
    Owen
    State
    Indiana
    Longitude
    -86.782372
    Latitude
    39.27604

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    FAQs

    What type of property is this?
    Land - Partially cleared, nearly half-acre lot in Spencer, Indiana.
    Where is this land located?
    The property is located at 732 W Thornridge Way Spencer, IN.
    What is the asking price?
    The asking price for this property is $45,000.
    What are key features of this property?
    This property features: - Nearly half-acre lot in upscale Thornridge subdivision offers potential for a walk-out home.; - Convenient access to amenities: city water, city sewer, natural gas, and electric are available.; - Prime location: Less than 30 minutes to Indiana University, 3 minutes to downtown Spencer, and one hour to Indianapolis International Airport.
    (812) 714-8250
    Request Owner's contact information
    732 W Thornridge Way 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
    732 W Thornridge Way Spencer, IN 47460
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