CALLING ALL INVESTORS! This location can't be beat. Right across from CVS Pharmacy in Spencer with direct road frontage of US 231 Morgan Street/State Road 46. This property also has access from a stoplight making it a great spot for future development! The possibilities are endless. Don't miss the opportunity to invest in a great location for your business to thrive!
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$4,185
Per Month
Principal & Interest
$4,118
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$2,540
Powered By
Advertisement
NMLS#3030
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Spencer Elementary School
151 E Hillside Ave
Distance between this listing and this school0.64 miles
Public District Grades PK-6
7
/10
McCormick's Creek Elementary School
1601 Flatwoods Rd
Distance between this listing and this school2.82 miles
Public District Grades KG-6
6
/10
Gosport Elementary School
9th St
Distance between this listing and this school6.18 miles
Public District Grades PK-6
Nearby Schools
6
/10
Owen Valley Middle School
626 W State Highway 46
Distance between this listing and this school1.76 miles
Public District Grades 7-8
5
/10
Edgewood Junior High School
851 W Edgewood Dr
Distance between this listing and this school6.96 miles
Public District Grades 6-8
6
/10
Tri-North Middle School
1000 W 15th St
Distance between this listing and this school13.34 miles
Public District Grades 7-8
Nearby Schools
4
/10
Owen Valley Community High School
622 W State Highway 46
Distance between this listing and this school1.68 miles
Public District Grades 9-12
4
/10
Edgewood High School
601 S Edgewood Dr
Distance between this listing and this school7.09 miles
Public District Grades 9-12
7
/10
Seven Oaks Classical School
200 E Association St
Distance between this listing and this school7.90 miles
The neighbors living near this home have an average income of $60,789. Residents of Spencer, IN typically earn between $35k-100k each year. Typical family type is single, no kids. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 886 W Franklin St
What is the listing price of this property?
The listing price of 886 W Franklin St property is $825,000.
What type of property is this?
The property 886 W Franklin St is land located in Spencer, Indiana, 47460.
Is this property for sale now?
Active Listing: 886 W 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 $3,136 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on September 7, 2011 for $42,200. (source: MLS/tax record).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 886 W Franklin St in Spencer, IN and zip code 47460. It has been listed on Rocket Homes since February 02, 2024 and is currently priced at $825,000.
Spencer, IN housing market in October 2024 saw over 0 listings sold above listed price, more than 7 sold at listed price and over 10 sold below. The inventory of homes for sale in Spencer, IN between September 2024 and October 2024 decreased by 7.4%. The median list price of listings available in October 2024 was $277,500, while the average time on the real estate market was 42 days.
From Rocket Homes Real Estate and based on county public records data.