# 1120 Cedar Lane, Spencer, IN 47460

> **TL;DR:** 3bd/2ba single family, $114,900 ($77/sqft), built 1994, 1,500 sqft. Est. $498/mo. Listed 119 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $114,900 |
| Price/sqft | $77 |
| Bedrooms | 3 |
| Bathrooms | 1 full, 1 half |
| Square Feet | 1,500 |
| Year Built | 1994 |
| Lot Size | 108,900 sqft (2.50 acres) |
| Stories | 1 |
| Property Type | Single Family (Single Family Residence) |
| Status | For Sale |
| Days on Market | 119 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $498 |
| **Total** | **$498** |

## Nearby Schools

- **Elementary:** Spencer
- **Middle:** Owen Valley
- **High:** Owen Valley

## Property Highlights

- Built in 1994
- 2.50 acre lot

## Description

### 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 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.

## Location

- **Address:** 1120 Cedar Lane, Spencer, IN 47460
- **County:** Owen County
- **Neighborhood:** None
- **Coordinates:** 39.17114, -86.788738
- **Google Maps:** https://www.google.com/maps?q=39.17114,-86.788738

## Listing Agent

- **Name:** Ronita Walcott
- **Brokerage:** Evergreen Real Estate & Auctions
- **Phone:** 8123276201
- **Email:** rwalcott@homefinder.org

## Primary Photo

![1120 Cedar Lane - Primary Photo](http://lh.rdcpix.com/3e2569e3893e5b8418f5779beb8e616el-f1707894866r.jpg)

*16 total photos available on [listing page](https://www.propertysimple.com/listing/1120-cedar-lane-spencer-in-47460-02603470)*

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**MLS#:** 202603470 | **Updated:** 2026-06-18
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/1120-cedar-lane-spencer-in-47460-02603470)

---

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