278 E Morgan St, Spencer, IN 47460 Property Records

Owen County property record for 278 E Morgan St, Spencer, IN 47460

Property Summary

Property Type	Commercial Office
Details	2,432 sqft · built 1972
Lot Size	0.197 acres (8,581 sqft)
Owner	Company Name on Record
Last Sale	$718,800 (Jun 2023)
Tax Bill	$2,172 (2025)
Deeds & Mortgages	Jun 2023 Line of Credit Apr 2018 Mortgage
Flood Zone	Zone X (minimal risk)
APN	`60-10-21-300-400.223-028`

Property Details

APN / Parcel Number

Primary APN	`60-10-21-300-400.223-028`
Alternative APN	`00001034942`

Interior

Plumbing Fixtures	5 Plumbing Fixtures
Stories	1 Story
Building Area	2,432 sqft Total Area
1st Floor Area	2,432 sqft

Exterior

Year Built	Built 1972
Effective Year Built	Effective 1972
Construction Type	Wood
Fire Resistance	Wood or Wood & Steel Frame
Lot Area	8,581 sqft (0.197 acres)
Lot Dimensions	68 ft deep x 126 ft wide
Shed	1 Shed
Shed Area	160 sqft

Utilities, Heating & Cooling

Heating Fuel	Gas
Sewer	Connected

Location & Zoning

Account Number	00001034942
Street Address	278 E MORGAN ST
City	SPENCER
State	IN
Zip	47460-1428
Property Category	Commercial
Property Type	Commercial > Office > Commercial Office
Legal Description	SPENCER LOT 24 SPENCER 9 FT OFF N SIDE LOT 23
Legal Subdivision	SPENCER
Legal Lot Number	24,23
Jurisdiction	OWEN IN
Township / Civil Division	WASHINGTON
Census Block Group	4
Census Block	4031
Census Tract	955800

Owner

Source: Owen County records, as of July 21, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company Name on Record
Mailing Address	6185 N LITTEN CT, ELLETTSVILLE, IN 47429-2214
Owner Type	Company
Vesting	Company

Deeds, Mortgages & Sale History

Date	Document
Jun 27, 2023	Warranty Deed, Transfer · Line of Credit INDIANA UNIVERSITY CU
Apr 25, 2018	Warranty Deed, Transfer · Commercial Mortgage OLD NATIONAL BANK

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Jun 27, 2023 · Amount on Record
Deed Sale	Jun 27, 2023 · Amount on Record
Prior Sale	Apr 25, 2018 · Amount on Record
Deed Document Number	2023233455
Record Updated	Sep 20, 2026

June 2023: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	OWEN IN
Recording Date	Jun 27, 2023
Property Address	278 E MORGAN ST, SPENCER, IN 47460-1428
Document Number	0000233455
Map Reference	DD 1 PG 14
Instrument Date	Jun 21, 2023
Instrument	233455
Transaction Type	Transfer
Record Updated	Jul 17, 2023

Transaction

Tax	$0.00
Additional	Arm's Length Multiple Parcels

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	6185 N UTTEN CT, ELLETTSVILLE, IN 47429

Mortgage

Document Number	0000233456
Date	Jun 27, 2023
Instrument	233456

Lender

Name	INDIANA UNIVERSITY CU
Type	Credit Union

Agreement

Type	Line of Credit
Amount	Amount Recorded
Term	60 Months
Due	Jun 15, 2028

April 2018: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	OWEN IN
Recording Date	Apr 25, 2018
Property Address	278 E MORGAN ST, SPENCER, IN 47460-1428
Document Number	0000212626
Map Reference	DD1 PG14
Instrument Date	Apr 2, 2018
Instrument	212626
Transaction Type	Transfer
Record Updated	Aug 8, 2022

Transaction

Tax	$0.00
Additional	Arm's Length Multiple Parcels

Transferred From (Grantor/Seller)

Name	Verified Name
Address	00000

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	448 LOVERS LN, SPENCER, IN 47460-1037

Mortgage

Document Number	0000212628
Date	Apr 25, 2018
Instrument	212628

Lender

Name	OLD NATIONAL BANK
Type	Bank

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded
Term	60 Months
Due	Apr 2, 2023

Interest

Rate Type	Adjustable Rate
Change Frequency	Monthly

Tax Assessment & Valuation

Source: Owen County assessment roll, as of June 23, 2026

Property Jurisdictions

Type	Name
State	Indiana
County	Owen County
County Subdivision	Washington Township
Municipality	Spencer Town
Unified School District	Spencer-Owen Community Schools (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$2,172.00 (+12.6%)	$108,100 (+12.6%) Land $34,700 Building $73,400	$108,100 (+12.6%) Land $34,700 Building $73,400
2024	$1,929.00 (-14.11%)
2023	$2,246.00 (-9.62%)	$96,000 Land $43,700 Building $52,300	$96,000 Land $43,700 Building $52,300
2022	$2,485.00

Assessed value is set for property tax purposes, not a market price estimate; it is a fraction of this property's market value.

Flood

Source: FEMA National Flood Hazard Layer, effective August 9, 2019 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Flood Insurance Cost	Premium on Record median of 14 policies
Nearby Flood Policies	14 in force
Nearby Flood Claims	49 (1993–2025)
Claims Outside the SFHA	3 of 49
Most Recent Claim	Apr 2025 · Severe Storms, Straight-line Winds, Tornadoes, And Flooding
Claims by Event	Severe Storms, Flooding, And Tornadoes, Jun 2008 · 24 claims Severe Winter Storms And Flooding, Jan 2005 · 16 claims Severe Storms, Tornadoes, And Flooding, Sep 2003 · 2 claims

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 80% of the US · above 73% of Indiana
Wildfire Likelihood	0.01% annual chance
Exposure	Indirect within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	BBP WATER COMPANY serves 9,903 people · EPA ID IN5260001
Water Source	Groundwater
Last State Inspection	Aug 2025
Lead	2 ppb (2021–2023) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	3 last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes. The service area is an EPA estimate; the actual supplier may differ.

Internet Providers

Source: FCC Broadband Data Collection, based on 340 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Xfinity Cable	1,200 / 35
Starlink Satellite	280 / 30
T-Mobile Fixed Wireless	100 / 20

May also be available: South Central Indiana REMC.

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