Sold
Last Sold Price
609,840 Lot Size14 Acres
5554 Patricksburg Rd, Spencer, IN 47460
LandProperty Type
14 acresLot Size

Description

Explore the possibilities with this expansive 14-acre farm lot located in the heart of rural Owen County! Situated along Patricksburg Rd in Spencer, IN, this prime piece of agricultural land offers the perfect setting for your dream homestead, farming operation, or country getaway. The property features open, tillable acreage ideal for crops, livestock, or pasture use, with electric and water facilities readily available at the road-making development and utility setup a breeze. In addition to its...Explore the possibilities with this expansive 14-acre farm lot located in the heart of rural Owen County! Situated along Patricksburg Rd in Spencer, IN, this prime piece of agricultural land offers the perfect setting for your dream homestead, farming operation, or country getaway. The property features open, tillable acreage ideal for crops, livestock, or pasture use, with electric and water facilities readily available at the road-making development and utility setup a breeze. In addition to its agricultural potential, the lot includes a serene pond, wooded areas, and a natural spring, enhancing its charm and offering a diverse landscape for both recreation and relaxation. Whether you're looking to build your dream home, start a farm, or invest in land with great potential, this parcel offers a peaceful rural lifestyle surrounded by natural beauty and open skies. Don't miss out on this rare opportunity to own versatile farmland in a quiet, scenic setting just a short drive from Spencer and local amenities.
  • Listed by: Vincent Ferguson 317.886.8440 Vince.ferguson@markdietel.com • Mark Dietel Realty, LLC
Listing closed: 02/27/2026 12:00 AM • Source: MIBORMLS, MLS#: 22045439

Recent comparable sales

Median sold price

$127,000

Avg days on market

130

Sale-to-list ratio

86.5%

Spencer, IN

9 comparable properties found

$325,000 | 0 White Springs Road, Spencer, IN 47460
1/9
1

$325,000

Sold 01/24/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
60.9
Acres
$174,000 | 1597 Hoot Road, Spencer, IN 47460
1/32
2

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Sold 12/09/24

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
7.59
Acres
a view of a pathway of a garden
1/22
3

$125,000

Sold 12/20/24

Unavailable
Bedrooms
Unavailable
Bathrooms
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Square Feet
17.8
Acres
a view of a lake in between two and trees
1/23
4

$130,000

Sold 11/21/24

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Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
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a view of a house with a yard and pathway
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Sold 09/19/25

Unavailable
Bedrooms
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Bathrooms
Unavailable
Square Feet
5.01
Acres
$115,000 | 1866 Wolfhaven Road, Spencer, TN 38585
1/11
6

$115,000

Sold 02/28/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
6.62
Acres
an aerial view of a football ground
1/18
7

$140,500

Sold 10/09/24

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
15.04
Acres
$95,000 | 49 Hemlock Lane, Spencer, TN 38585
1/8
8

$95,000

Sold 09/02/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
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Acres
a view of a lake with a mountain in the background
1/52
9

$95,000

Sold 08/28/26

Unavailable
Bedrooms
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Bathrooms
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Square Feet
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Acres

Location

Listing Courtesy of Mark Dietel Realty, LLC

Sold By Mark Dietel Realty, LLC

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Property Information for 5554 Patricksburg Road

Property Details
  • Taxes: $475 semi-annually
  • MLS Type: Land / Farm
  • County: Owen County
  • Subdivision Name: No Subdivision
  • Township: Lafayette
  • Waterfront: No
  • Zoning: Agricultural
Building Information
  • Lot Size: 14.00 AC
Summary
Location and General Information
  • City: Spencer
  • County Or Parish: Owen
  • Directions: GPS Friendly
  • Postal Code: 47460
  • Postal Code Plus4: 6319
  • Road Access: County Rd
  • Road Frontage Type: County Road
  • State Or Province: IN
  • Topography: Pasture,Sloping,Wooded
  • View: No
Taxes and HOA Information
  • Attic YN: No
  • Parcel Number: 601129100100000022
  • Semi Annual Property Tax Amt: 475
  • Tax Exemption: None
  • Tax Year: 2024
  • TaxLot: 0
School Information
  • High School: Owen Valley Community High School
  • Middle Or Junior School: Owen Valley Middle School
  • School District: Spencer-Owen Community Schools
Virtual Tour
Property
Lot Information
  • Acreage: 10-20 Acres
  • Land Characteristics: Rural,Wooded
  • Lot Description: Rural - Not Subdivision, Mature Trees
  • Lot Size Square Feet: 609840.0
  • Lot Size Acres: 14.0
  • New Construction: False
  • Number Of Lots: 1
  • Other Structures: Not Applicable
  • Soil Type: Not Applic
Property and Assessments
  • Affected by Disclosures: No
  • Development Status: Not Applicable
  • Divisible: Yes
  • DPRYN: No
  • Legal Subdivision: Ne Ne S29 T10 R4 14A
  • Photos Count: 6
  • Present Zoning: Agricultur
  • Property Sub Type: Farm
  • Property Type: Land
  • Road Surface Type: Asphalt
  • Type: Agric Land
  • Transaction Type: Sale
  • Web Link: markdietel.com
  • Buyer Financing: Conventional
Utilities
  • Facilities Near: Water,Water & Sewer
  • Facilities On: Electric,Water
  • Sewer: Not Applicable
  • Solid Waste: No
  • Water: Municipal Water on Site
Interior and Exterior Features
Exterior Features
  • Horse Amenities: None

Property History for 5554 Patricksburg Road

DateEvent & SourcePriceAppreciation
Feb 27, 2026

Sold

MIBORMLS #22045439

$125,000
Feb 27, 2026

Sold

Indiana Regional MLS #202523310

$125,000
Feb 26, 2026

Sold (Public Record)

Public Record #1931618415

$125,000
DateEvent & SourcePrice
02/27/2026

Sold

MIBORMLS #22045439

$125,000
02/27/2026

Sold

Indiana Regional MLS #202523310

$125,000
02/26/2026

Sold (Public Record)

Public Record #1931618415

$125,000

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

Public Records for 5554 Patricksburg Road

Taxable ValueLand$32,900Additions$43,800Total$76,700
Tax Record2025$393 ($33 / month)
Home Facts
Baths1Total Finished SqFt969 SqFtAbove Grade Finished SqFt969 SqFtStories1Lot Size609,840 SqFtStyleFarmsYear Built1960Year Renovated1960CountyOWENAPN60-11-29-100-100.000-022

Schools near 5554 Patricksburg 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
Patricksburg Elementary School
PublicPK to 6

Owen Valley Middle School
Public7 to 8

Owen Valley Community High School
Public9 to 12

Spencer 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: 5554 Patricksburg Road, Spencer, IN 47460
$125,000
609,840
$220,000
3
1,872
145,490
2
1,280
473,062
3
2
1,378
597,643
1
256
1,257,577
1
1,472
328,007

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.

Listing Courtesy of Mark Dietel Realty, LLC

Based on information submitted to the MLS GRID as of 03/02/2026 10:48 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.