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ABOUT THIS HOME
Situated at 279 E Franklin ST in SPENCER, IN, USA, this distinctive single-family residence, constructed in 1931, represents a truly compelling opportunity. It stands as an excellent prospect for discerning investors and also extends an inviting call to handy homeowners prepared to realize its full potential. Within this dwelling, the kitchen emerges as a particularly inviting space with dining a separate room adequately spaced. The residence extends across a substantial 2814 square feet of living area, thoughtfully distributed over 1.5 stories, providing considerable room for comfortable living. It comprises three well-appointed bedrooms, offering versatile accommodation options, complemented by a single full bathroom. Set upon an expansive 8712 square foot lot, the property provides ample outdoor space for various endeavors. This enduring structure, with its 1931 provenance, embodies a significant investment opportunity, appealing to those keen on property enhancement or portfolio expansion. This property ultimately presents a unique foundation for future aspirations, owner occupant and investors alike!
$164,900
Situated at 279 E Franklin ST in SPENCER, IN, USA, this distinctive single-family residence, constructed in 1931, represents a truly compelling opportunity. It stands as an excellent prospect for discerning investors and also extends an inviting call to handy homeowners prepared to realize its full ...
2,814
Sq Ft
1931
Year Built
3
Bedrooms
1
Bathrooms
Key things to know
- Sold 8.3% below list in 48 days
- Basement
- Spencer subdivision
Sold
$151,250
-$13,650 below list (-8.3%)
- Closed
- Apr 15, 2026
- Listed at
- $164,900
- Sold
- 4 weeks ago
- Sold in
- 48 days
Price history
- Sold$151,250
Apr 15, 2026
- Listedat $164,900
Feb 6, 2026
Recent comparable sales

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7455 Locust Lake East Drive
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$431,000
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4bd · 3ba · 2,440 sqft
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$393,000
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Comparative value
5 comps in this range
This home is 53% below median for similar nearby sales.
FEATURES & AMENITIES
Interior
Climate
THE FACTS
Pricing trajectory, room-by-room layout, schools, and what's nearby.
Price history
$164,900Listed· Feb 6, 2026
48 days on market
Layout
Schools
Spencer-Owen Community Schools
Middle
Owen Valley Middle School
High
Owen Valley Community High School
Neighborhood
- Downtown Indianapolis46.2 mi
- Zionsville Community HS54.0 mi
- Carmel Central Park56.7 mi
- Monon Trail (Carmel)57.6 mi
- Carmel High School58.2 mi
- Carmel Arts & Design District58.7 mi
PROPERTY DETAILS
Living Area
2,814 sq ft
Year Built
1931
Stories
One and One Half
Subdivision
Spencer
Bedrooms
3
Bathrooms
1 full
Garage
1 spaces
School District
Spencer-Owen Community Schools

