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.
$4,310
Per Month
Principal & Interest
$4,243
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
$2,615
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.
Elementary School
6
/10
Spencer Elementary School
151 E Hillside Ave
Distance between this listing and this school0.61 miles
Public District Grades PK-6
Middle School
5
/10
Owen Valley Middle School
626 W State Highway 46
Distance between this listing and this school1.76 miles
Public District Grades 7-8
High School
3
/10
Owen Valley Community High School
622 West Sr 46
Distance between this listing and this school1.68 miles
Public District Grades 9-12
Assigned Schools
6
/10
Spencer Elementary School
151 E Hillside Ave
Distance between this listing and this school0.61 miles
Public District Grades PK-6
Nearby Schools
6
/10
McCormick's Creek Elementary School
1601 Flatwoods Rd
Distance between this listing and this school2.84 miles
Public District Grades KG-6
10
/10
Stinesville Elementary School
7973 W Main St
Distance between this listing and this school5.56 miles
Public District Grades KG-5
Assigned Schools
5
/10
Owen Valley Middle School
626 W State Highway 46
Distance between this listing and this school1.76 miles
Public District Grades 7-8
Nearby Schools
9
/10
Edgewood Junior High School
851 W Edgewood Dr
Distance between this listing and this school7.07 miles
Public District Grades 6-8
8
/10
Tri-North Middle School
1000 W 15th St
Distance between this listing and this school13.34 miles
Public District Grades 7-8
Assigned Schools
3
/10
Owen Valley Community High School
622 West Sr 46
Distance between this listing and this school1.68 miles
Public District Grades 9-12
Nearby Schools
7
/10
Edgewood High School
601 S Edgewood Dr
Distance between this listing and this school6.98 miles
Public District Grades 9-12
8
/10
Bloomington High School North
3901 N Kinser Pike
Distance between this listing and this school12.21 miles
The neighbors living near this home have an average income of $60,789. Typical income of Owen County, IN residents is between $35k-100k annually. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.
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 $850,000.
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 are the assigned schools for this property?
The assigned schools for 886 W Franklin St are: Spencer Elementary School: GreatSchools Rating 6/10Owen Valley Middle School: GreatSchools Rating 5/10Owen Valley Community High School: GreatSchools Rating 3/10
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 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 $850,000.
In March 2024, from all listings sold in Owen County, IN there were more than 0 sold above asking price, over 13 sold below and more than 3 were sold right at the asked price. The number of listings in Owen County, IN increased by 31.1% between February 2024 and March 2024. The median list price of listings available in March 2024 was $235,000, while the average time on the real estate market was 85 days.
From Rocket Homes Real Estate and based on county public records data.