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    Property profile & analytics

    279 Morgan St Spencer, IN 47460-1427

    • Banks
    • 6,032 SF
    • 0.39 lot acres
    OFF-MARKET
    Value Estimation
    $365,000
    Last Sale
    Nov 16, 2021
    Location Intelligence
    Property ID
    US31-1778675
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Banks

    Property Details for 279 Morgan St

    Year built
    1972
    Construction
    WOOD
    Lot size
    0.39 lot acres
    Property size
    6,032 SF
    Property type
    Banks
    APN
    60-10-21-300-400.224-028
    APU
    601021300400224028

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Spencer
    County
    Owen
    State
    Indiana
    Longitude
    -86.7594
    Latitude
    39.2873
    CBSA code
    14020
    CBSA name
    BLOOMINGTON, IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,321
    $60,500
    $252,300
    $312,800
    -
    $60,500
    $252,300
    $312,800

    Comparable in this City

    • Value Estimation
      $395,000
      2,169 SF

      304 Morgan St

      FINANCIAL BUILDING • 2,169 SF
      304 Morgan St, Spencer, IN 47460-1430
      View Details
    • Value Estimation by Request
      2,319 SF

      2799 Cataract Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,319 SF
      2799 Cataract Rd, Spencer, IN 47460-5645
      View Details
    • Value Estimation by Request
      2,852 SF

      29 Franklin St

      RETAIL STORES (PERSONAL SERVICES) • 2,852 SF
      29 Franklin St, Spencer, IN 47460-1723
      View Details
    • Value Estimation by Request
      440 SF

      24 Main St

      RETAIL STORES (PERSONAL SERVICES) • 440 SF
      24 Main St, Spencer, IN 47460-1312
      View Details
    • Value Estimation by Request
      1,200 SF

      555 Timber Rdg Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,200 SF
      555 Timber Rdg Rd, Spencer, IN 47460
      View Details
    • Value Estimation by Request
      1,504 SF

      5465 Vandalia Rd

      GROCERY, SUPERMARKET • 1,504 SF
      5465 Vandalia Rd, Spencer, IN 47460
      View Details

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    279 Morgan St
    Spencer, IN 47460-1427
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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
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