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Sheldon Barnes is a Carmel realtor and licensed real estate agent serving Spencer, Indiana and the rest of Hamilton County. Book a private tour of 279 E Franklin Street in Spencer, ask any question about this home, or talk through what you should know about buying in Spencer.

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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!

Listed by Sheila Hubbard· Diverse Property Solutions Ind· MLS# 22082415
Recently SoldSold in 48 days

$164,900

3Beds
1Baths
2,814Sq Ft

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 ...

Listed by Sheila Hubbard· Diverse Property Solutions Ind· MLS# MBR22082415

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

  1. Sold$151,250

    Apr 15, 2026

  2. Listedat $164,900

    Feb 6, 2026

Comparative value

5 comps in this range

This home is 53% below median for similar nearby sales.

$255K$431KMedian $320K
$151K

FEATURES & AMENITIES

Interior

Built-in FeaturesHardwood FloorsPantryWoodWorkStain/PaintedWood Work Stained

Climate

Heat: Forced AirCool: Central Air

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

Main
215 rooms1,646 sq ft
Upper
12 rooms1,168 sq ft

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

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