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About This Home

This 3-bedroom, 2-bathroom single family at 1120 Cedar Lane in Spencer, IN is listed for $114,900 ($77 per sqft). Built in 1994, the home offers 1,500 sqft of living space on a 2.50 acres lot.

Agent 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 attr

active 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.

Key Features

  • Built in 1994
  • 2.50 acre lot

Property Details

1 story
1 full, 1 half
1994

Monthly Cost Estimate

$615/mo

20% down · 6.5% · 30 years

Principal$83
Interest$498
Insurance$34

Estimates only. Actual payments may vary.

Location

1120 Cedar Lane

Spencer, IN 47460

None

Features & Amenities

Interior Features

Deck OpenDryer Hook Up ElectricTub/Shower CombinationWater Heater Electric

Exterior Features

None

Property Details

Parking

GarageGarage - Attached

Heating

Electric (Heating)Forced Air

Questions & Answers

This 3-bedroom, 2-bathroom single family at 1120 Cedar Lane is listed at $114,900 ($77/sqft). The estimated monthly payment is $498 based on 20% down at 6.5% interest.

Key features include: Built in 1994, 2.50 acre lot. Interior Features: Deck Open, Dryer Hook Up Electric, Tub/Shower Combination. Exterior Features: None.

This property is listed by Ronita Walcott and can be reached at 8123276201 or rwalcott@homefinder.org.

RW

Ronita Walcott

Agent at Evergreen Real Estate & Auctions

(812) 327-6201

Listed by Evergreen Real Estate & Auctions · View on Broker Site

MLS# 202603470· Source: listhub· Updated 119 days ago

Copyright © 2026 Indiana Uplands Realtor® Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1120 Cedar Lane, Spencer, IN 47460

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