Last Sold Price
6 beds7,869 sqft$191/sqft
423 W Fall Creek Rd, Spencer, IN 47460

Description

Majestic lakefront dream home! One-of-a-kind architectural beauty newly built in 2012 with impeccable amenities and designer features! Enjoy lazy summer days fishing, swimming and boating on your own 17 acre stocked lake with dock and boathouse. In winter, enjoy a page-turner in front of a roaring fire while the snow gently falls, or take your snowmobile/ATV out for a spin on your private 50-acre estate. Nature hike, bird watch or relax in your hot tub overlooking the lake year-round. Luxurious main...Majestic lakefront dream home! One-of-a-kind architectural beauty newly built in 2012 with impeccable amenities and designer features! Enjoy lazy summer days fishing, swimming and boating on your own 17 acre stocked lake with dock and boathouse. In winter, enjoy a page-turner in front of a roaring fire while the snow gently falls, or take your snowmobile/ATV out for a spin on your private 50-acre estate. Nature hike, bird watch or relax in your hot tub overlooking the lake year-round. Luxurious main floor master retreat. Maintenance-free veranda and huge screened-in porch plus 8 garage bays. Finished walk-out lower level has full-sized windows. Caretaker/guest house on property also. What a great way to diversify your portfolio!
LISTING CLOSED: 12/28/2021 12:00 AM

  1. Listed by Dennis Barrow • Keller Williams Zionsville
    P: (317) 973-8000 dennis@barrowteam.net

Property Details for 423 West Fall Creek Road

Status
MLS #
21803848
Days on Market
2
Taxes
$4,890 semi-annually
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential / Single Family Residence
Year Built
2012
Lot Size
50.00 AC / 2,178,000 SF
Subdivision Name
No Subdivision
Township
Washington
Waterfront Features
Lake Front

Recent comparable sales

Median sold price

$645,000

Avg days on market

53

Sale-to-list ratio

96.7%

Spencer, IN

9 comparable properties found

$299,999 | 357-359 South East St Avenue, Spencer, IN 47460
1/27
1

$299,999

Sold 08/03/26

6
Bedrooms
2,592
Square Feet
0.2
Acres
$410,000 | 981 Denali Drive, Spencer, IN 47460
1/41
2

$410,000

Sold 08/18/26

6
Bedrooms
3,954
Square Feet
8.99
Acres
$800,000 | 85 Hastings Road, Spencer, MA 01562
1/43
3

$800,000

Sold 06/30/25

5
Bedrooms
4,118
Square Feet
2.27
Acres
$755,000 | 101790 Buxton Road, Spencer, WI 54479
4

$755,000

Sold 04/24/26

6
Bedrooms
4,006
Square Feet
39.7
Acres
a view of a house with a yard
1/58
5

$730,000

Sold 05/20/25

6
Bedrooms
2,484
Square Feet
19.81
Acres
$705,000 | 40 Lincoln Street, Spencer, MA 01562
1/43
6

$705,000

Sold 06/10/25

6
Bedrooms
3,486
Square Feet
Unavailable
Acres
$585,000 | 7336 Switchboard Road, Spencer, IN 47460
1/2
7

$585,000

Sold 04/20/26

5
Bedrooms
5,032
Square Feet
10.63
Acres
$423,000 | 1320 Red Cedar Lane, Spencer, IN 47460
1/32
8

$423,000

Sold 06/18/26

6
Bedrooms
3,780
Square Feet
4.58
Acres
a front view of a house with garden
1/43
9

$645,000

Sold 09/13/24

5
Bedrooms
3,847
Square Feet
2.96
Acres

Location

Listing Courtesy of Keller Williams Zionsville

Sold By Keller Williams Zionsville

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Building Information for 423 West Fall Creek Road

Stories-Year Built2012Building Size-Lot Size50.00 AC / 2,178,000 SF

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Principal and Interest

$7,624

Property Taxes

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Property Information for 423 West Fall Creek Road

Summary
Location and General Information
  • City: Spencer
  • County Or Parish: Owen
  • Directions: From Indy Intl Airport, I-70W to Hwy 231 S thru Cloverdale. R onto Coon Path, L on Rocky Hill, R on Fall Crk to property on R. From Blgt, SR 46W thru Spencer to Texas Pike. N to Fall Crk. R to property on L.
  • Postal Code: 47460
  • State Or Province: IN
Taxes and HOA Information
  • Attic YN: No
  • Parcel Number: 601008200100000027
  • Semi Annual Property Tax Amt: 4890
  • Tax Exemption: Homestead Tax Exemption,Mortage Tax Exemption
  • Tax Year: 2020
  • TaxLot: 423
School Information
  • School District: Spencer-Owen Community Schools
Parking
  • Garage YN: Yes
  • Garage Parking Features: Multiple Garages
  • Garage Parking Other: Finished Garage
  • Garage Spaces: 4.0
Property
Lot Information
  • Acreage: >20 Acres
  • Lot Description: Dock, Wooded
  • Lot Size Square Feet: 50.0
  • Lot Size Acres: 50.0
  • Main Level SqFt: 2874
  • MLS: MIBOR
  • New Construction: False
  • Other Structures: Outbuilding
  • Living SqFt: 601.0
  • Sqft Total: 3475.0
  • Sq Ft Total: 7869.0
  • Year Built Numeric: 2012
  • Below Grade Finished Area: 2746.0
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • DPRYN: No
  • Inspection Warranties: General
  • Legal Subdivision: SW NW 58 T 10 R3 50 Acres
  • Ownership Type: No Assoc
  • Photos Count: 7
  • Property Attached: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Transaction Type: Sale
  • Buyer Financing: Conventional
Utilities
  • Solid Waste: No
  • Water Source: Private
Interior and Exterior Features
Exterior Features
  • Construction Materials: Cement Siding, Wood With Stone
  • Exterior Features: Carriage/Guest House, Dock
  • Foundation Details: Concrete Perimeter
Interior Features
  • Appliances: Gas Cooktop, Dishwasher, Disposal, Microwave, Range Hood, Refrigerator, Convection Oven, Exhaust Fan, Electric Water Heater
  • Areas Interior: Bath Jack-n-Jill,Great Room - 2 Story
  • Basement Description: Ceiling - 9+ feet, Finished, Walk-Out Access
  • Basement YN: Yes
  • Cooling: Central Air, Geothermal
  • Eating Area: Formal Dining Room
  • Fireplace Features: Basement, Primary Bedroom, Dining Room, Great Room
  • Fireplaces Total: 5
  • Heating: Forced Air, Geothermal, Electric, Propane
  • Interior Features: Built-in Features, Cathedral Ceiling(s), Tray Ceiling(s), Walk-In Closet(s), Hardwood Floors, WoodWorkStain/Painted, Bath Sinks Double Main, Entrance Foyer, Kitchen Island, Wet Bar
  • Levels: Three Or More
  • Additional Equipment: Smoke Alarm
  • Room List: Bedroom 5, Family Room, Play Room, Primary Bedroom, Kitchen, Dining Room, Great Room, Exercise Room, Office, Bedroom 2, Bedroom 3, Bedroom 4
  • Room and Features: Bedroom 5-Basement, Family Room-Basement, Play Room-Basement-Tile-Ceramic, Primary Bedroom-Main, Kitchen-Main, Dining Room-Main, Great Room-Main, Exercise Room-Main, Office-Upper, Bedroom 2-Basement, Bedroom 3-Basement, Bedroom 4-Basement
  • Spa Features: Private
  • Main Level Bedrooms: 1
  • Laundry Features: In Basement, Main Level
  • Num Bedrooms Upper: 0
  • Num Bedrooms Basement: 5
  • Rooms Basement: 6
Room Information
Room Information
  • Rooms MU: 10
  • Rooms Total MU: 11
  • Total Rooms: 17
Room 1
  • Room Level: Basement
  • Room Dimensions: 18x21
  • Room Type: Bedroom 5
Room 2
  • Room Level: Basement
  • Room Dimensions: 38x21
  • Room Type: Family Room
Room 3
  • Room Level: Basement
  • Room Dimensions: 23x15
  • Room Features: Tile-Ceramic
  • Room Type: Play Room
Room 4
  • Room Level: Main
  • Room Dimensions: 18x18
  • Room Type: Primary Bedroom
Room 5
  • Room Level: Main
  • Room Dimensions: 15x16
  • Room Type: Kitchen
Room 6
  • Room Level: Main
  • Room Dimensions: 14x16
  • Room Type: Dining Room
Room 7
  • Room Level: Main
  • Room Dimensions: 22x21
  • Room Type: Great Room
Room 8
  • Room Level: Main
  • Room Dimensions: 17x17
  • Room Type: Dining Room
Room 9
  • Room Level: Main
  • Room Dimensions: 15x21
  • Room Type: Exercise Room
Room 10
  • Room Level: Upper
  • Room Dimensions: 15x21
  • Room Type: Office
Room 11
  • Room Level: Basement
  • Room Dimensions: 17x13
  • Room Type: Bedroom 2
Room 12
  • Room Level: Basement
  • Room Dimensions: 17x13
  • Room Type: Bedroom 3
Room 13
  • Room Level: Basement
  • Room Dimensions: 16x16
  • Room Type: Bedroom 4
Bathrooms
  • Bathrooms Full: 5
  • Bathrooms Half: 1
  • Bathrooms Total Count: 6
  • Full Baths Basement: 4
  • Full Baths Main: 1
  • Full Baths MU: 1
  • Full Baths Upper: 0
  • Half Baths Basement: 0
  • Half Baths Main: 1
  • Half Baths MU: 1
  • Half Baths Upper: 0
Bedrooms
  • Beds MU: 1
  • Bedrooms MU: 1
  • Bedrooms Total: 6
Mobile/Manufactured Home
Mobile/Manufactured Home
  • Builder Name: Bailey & Weiler

Property History for 423 West Fall Creek Road

DateEvent & SourcePriceAppreciation
Dec 28, 2021

Sold

MIBORMLS #21803848

$1,500,000
Oct 13, 2021

Pending

MIBORMLS #21803848

Aug 3, 2021

Listed (Active)

MIBORMLS #21803848

$2,200,000
DateEvent & SourcePrice
12/28/2021

Sold

MIBORMLS #21803848

$1,500,000
10/13/2021

Pending

MIBORMLS #21803848

08/03/2021

Listed (Active)

MIBORMLS #21803848

$2,200,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 423 West Fall Creek Road

Taxable ValueLand$89,300Additions$1,284,300Total$1,373,600
Tax Record2025$17,693 ($1,474 / month)
Home Facts
Beds3Baths1Total Finished SqFt1,986 SqFtAbove Grade Finished SqFt1,160 SqFtFinished Basement SqFt826 SqFtStories1Lot Size2,178,000 SqFtStyleMiscellaneous ResidentialYear Built1946Year Renovated1970CountyOWENAPN60-10-08-200-100.000-027

Schools near 423 West Fall Creek Road

This home is within Spencer-Owen Community Schools.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Public - PK to 6
Rating
School
Distance
Spencer Elementary School
PublicPK to 6

Owen Valley Middle School
Public7 to 8

Owen Valley Community High School
Public9 to 12

McCormick's Creek Elementary School
PublicPK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 423 West Fall Creek Road, Spencer, IN 47460
$1,500,000
6
7,869
2,178,000
3
2.5
2,012
227,383
$24,000
0.5
35,719
$24,000
2
1,056
35,719
$117,900
3
1,884
109,336
101,930

Explore Nearby Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Keller Williams Zionsville

Based on information submitted to the MLS GRID as of 02/27/2026 11:57 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.