2 months on rocket

510 E Franklin St, Spencer, IN, 47460

$290,000

Home List Price

$3,444*

Closing Credit

2 Bedrooms
1 Full Bath
$284/SqFt
House

Location

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510 E Franklin St, Spencer$290,000

Buyer Closing Credits

$3,444*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1950
HeatingBaseboard
CoolingNone
MLS #202439845
Lot Size0.84 Acres
StatusActive

About 510 E Franklin St

Check out this freshly remodeled 2 bedroom, 1 bath bungalow located in Spencer, In. In addition to being recently remodeled, this property includes existing investment income opportunities. The house has been completely remodeled with new carpet, new vinyl windows, new baseboard heaters, new vinyl floor, new toilet, new vanity, and fresh paint inside and out just to name a few. The enclosed front porch provides a great additional space that can be used for a variety of purposes. This property also includes a rented 1-bedroom trailer, and 3 rented trailer lots. Essentially, there are up to 4 potential rental incomes on one piece of property (5 if the house was rented) should a new owner continue with that route. With a large .84 acre lot, the opportunities for a future owner are endless. Conveniently located within walking distance of the desirable downtown Spencer.

Property Details

Property Features

Property Information:

  • Year Built: 1950

Listing Office:

  • Office Name: Century 21 Scheetz - Bloomington
  • Office Phone: (215) 450-1437
  • Listing Agent: Judson Casebeer

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Exterior: Aluminum

Virtual/3D Tour

  • Virtual Tour: 510 E Franklin St
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Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.84 Acres

Utilities

Utilities Information:

  • Heating: Baseboard
  • Cooling: None

Other

Directions Information:

  • Directions: From Morgan Street/HW46, turn north onto Fletcher Avenue. Property is located just across train tracks.

Price Information

Listing Price Info

Price Summary:

  • List Price: $290,000
  • Price Per SqFt: $284/SqFt

Tax Information:

  • Annual Amount: $420
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Spencer, IN.

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Spencer, IN

City

Med. Sold Price

$285K

Med. Price/SqFt

$153

Avg. Days On Market

40

# of Sold Homes

15

510 E Franklin St vs Spencer

68 DAYS ON ROCKET

+28 Days

$290,000

+$5K More

$284/SqFt

+$131 More

KEY TAKEAWAY

This property is $5K more than the Median Sold Price and $131/SqFt more than other homes in Spencer, IN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #202439845

Listing Office:

  • Office Name: Century 21 Scheetz - Bloomington
  • Office Phone: (215) 450-1437
  • Listing Agent: Judson Casebeer

IDX The data on this website relating to real estate for sale comes in part from the Internet Data Exchange (IDX) program of the Indiana Regional MLS (IRMLS). IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. ©2011-2024 Indiana Regional MLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 9:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$420$113,300
2019$258$106,400
2017$164$97,800

History based on county public records data.

Payment Calculator

$1,515

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$936

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-794435
4
/10

  • Spencer Elementary School

  • 151 E Hillside Ave

  • 0.38 miles

  • Public District Grades PK-6

school-card-donut-794436
7
/10

  • McCormick's Creek Elementary School

  • 1601 Flatwoods Rd

  • 3.10 miles

  • Public District Grades KG-6

school-card-donut-794437
6
/10

  • Gosport Elementary School

  • 9th St

  • 6.43 miles

  • Public District Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $60,789. The most common annual income of people living in Spencer, IN is between $35k-100k. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 510 E Franklin St

What is the listing price of this property?

The listing price of 510 E Franklin St property is $290,000.

What type of property is this?

The property 510 E Franklin St is a house located in Spencer, Indiana, 47460.

Is this property for sale now?

Active Listing: 510 E Franklin St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $420 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 510 E Franklin St has 2 bedrooms and 1 bathroom.

Which year was this property built?

The year of construction for 510 E Franklin St is 1950.

Rocket Homes›Indiana›Owen County›Spencer›47460›510 E Franklin St

This home is located at 510 E Franklin St in Spencer, IN and zip code 47460. This home was built in 1950. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since October 14, 2024 and is currently priced at $290,000.

In November 2024, from all listings sold in Spencer, IN there were more than 3 sold above asking price, over 6 sold below and more than 6 were sold right at the asked price. Between October 2024 and November 2024, Spencer, IN real estate market has seen decrease in the number of listings by 3.3%. In November 2024, listings were on the market for 40 days. During the same period, the median list price in this real estate market was $285,000.

From Rocket Homes Real Estate and based on county public records data.

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