$124,900

1120 Cedar Lane, Spencer, IN 47460

  • 3 beds |
  • 2 baths |
  • 1,500 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1994
  • Property Lot Size Icon2.5acre lot
  • Property Parking Icon 2 car garage
  • Property Price Per Square Feet Icon $83/sqft
  • Property List Date Icon Listed 15 days ago

Property Description

This ranch home offers a functional single-story layout with solid structural foundation. The property presents an opportunity for those seeking straightforward, accessible living space. This property presents a compelling investment opportunity with three bedrooms and one bathroom, situated on a private wooded lot with rolling hills views. The home offers substantial potential for value creation through strategic renovations and updates, making it ideal for investors or buyers seeking a project with strong upside potential. The private wooded setting provides natural seclusion and tranquility, while the rolling hills views add scenic beauty that enhances the property's inherent appeal. This combination of privacy and vistas creates a desirable foundation that cannot be easily replicated in more developed areas. The established lot characteristics and scenic backdrop offer lasting value that will complement future improvements. For those looking to build equity through renovation, this home provides solid bones in a naturally attractive setting, positioning it well for transformation into a standout property in the neighborhood. Schedule your tour today to see this ranch home's good bones and explore the possibilities this property and location have to offer. Seller required the property to be on the market for a full 7 days before reviewing any offers.

Listing Status:
Active
Date Added:
February 2, 2026
Data Last Updated:
February 17, 2026 at 5:58PM
Listing Office:
Evergreen Real Estate & Auctions : 812-335-1100
Listing Agent:
Ronita Walcott : 812-327-6201
MLS ID:
202603470
  • Basement: Crawl
  • Flooring: Other
  • A/C: None
  • Heating: ElectricForced Air
  • Fireplace: None
  • General: Vinyl
  • Style: RanchOne Story
  • Roofing: Asphalt
  • School District: Spencer-Owen Community Schools
  • Driveway: Gravel
  • Zoning: Pt NE SW S31 T9 R3 2.50 acres60-17-31-300-140.000-016
  • Fencing: None
  • Water: Well Needed
  • Sewer: Septic

This listing courtesy of Ronita Walcott , Evergreen Real Estate & Auctions

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

S

Spencer Elementary School

151 E Hillside Ave, Spencer, IN, 47460

Grades PK-6

8.37 miles away

O

Owen Valley Middle School

626 W State Highway 46, Spencer, IN, 47460

Grades 7-8

8.14 miles away

O

Owen Valley Community High School

622 W State Highway 46, Spencer, IN, 47460

Grades 9-12

8.13 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.