Listing courtesy of Peter Khosla, Inc · Listing agent: Nicholas Hindes · Cell: 614-747-1625

Virtual tour
ActiveSite-Built Home

721 W Spencer Avenue

$650,000

$93.55 / sq ft

Est. $4,189/mo

Marion, IN 46952

Original price $695,000 · Price reduced on October 5, 2026

  • 4-car garage
  • Pool
  • Fireplace
  • Basement
Bedrooms
7
Bathrooms
6
Living area
9,962 sq ft
Lot
0.81 ac
Year built
1938
Type
Site-Built Home
Listed
September 18, 2026
MLS #
202638779

About this home

Some homes are designed to be lived in. Others give you the space and flexibility to make them whatever you need them to be. 721 W. Spencer Avenue is one of those rare properties. This impressive brick estate sits on nearly an acre and offers an incredible amount of space, character, and possibility. With multiple living areas, plenty of bedrooms and bathrooms, fireplaces, a finished lower level, and a four-car attached garage, there is room here for any number of occupants, guests, hobbies, and just about anything else you can imagine. And then there’s the outdoor space. The private in-ground pool creates a backyard that feels more like a retreat than a typical home. A separate pool house with its own full bathroom makes summer days easy and entertaining even better. The grounds also offer something you don’t often find with a home of this size: the potential to host. Whether it’s a gathering, celebration, private event, or even a wedding, the property provides the space and setting to make it possible. Inside, the flexibility continues. A portion of the home can be separated from the main living space, creating an opportunity for a private guest suite, rental area, or additional living quarters. There is room for a dedicated home office, workout room, recreation space, and multiple bedrooms. The primary suite even features a full sauna, giving this home a level of comfort that is hard to duplicate. The house itself combines the presence of a historic Marion estate with major modern updates, including HVAC, plumbing, and electrical work completed in 2021. Multiple gathering spaces, fireplaces, and nearly 10,000 square feet of total space give this property a scale that is increasingly difficult to find. Whether you’re looking for an extraordinary home, a property with room to bless those you are close to, a place to entertain, or simply something unlike anything else in the area, 721 W. Spencer Avenue deserves a closer look. There is a lot here. And perhaps the best part is that you get to decide what it becomes.

Monthly payment estimate

$4,189/mo

Principal & interest
$3,558
Property taxes
$441
Homeowners insurance
$190
Your loan

  • Rate: Freddie Mac's 30-year fixed average for the week of October 1, 2026.
  • Taxes: the seller's 2025 bill as reported to the MLS. Yours may differ once your own deductions apply.
  • Insurance: estimated at 0.35% of the price per year.
  • An estimate, not a loan offer. Your rate and payment depend on your credit, loan program and down payment.
Change taxes, insurance and more in the full calculator

Get pre-approved

Know your real budget before you tour, and make a stronger offer. We'll connect you with a local lender.

Property details

Interior

Levels
Two
Total rooms
30
Total area
10,478 sq ft
Finished area above grade
6,948 sq ft
Finished area below grade
3,014 sq ft
Unfinished area above grade
516 sq ft
Below grade total
3,014 sq ft
Bedrooms above grade
7
Full baths, main level
1
Full baths, upper level
4
Half baths, main level
1
Half baths, below grade
1
Basement
Full, Partially Finished
Heating
Forced Air
Cooling
Central Air
Fireplaces
2
Fireplace features
Living/Great Rm, Rec Rm
Laundry
Upper Level

Exterior & parking

Construction
Brick
Garage spaces
4
Attached garage
Yes
Garage type
Attached
Garage sq ft
760 sq ft
Private pool
Yes
Pool
Below Ground
Outbuilding 2
345 sq ft
New construction
No

Waterfront & lake

Waterfront
No

Lot

Lot features
Level
Lot size (acres)
0.81 ac
Lot dimensions
100 x 188
County
Grant County
Township
Center
Platted
Yes
Planned unit development
No
Directions
GPS Friendly

Schools

Elementary school
Riverview
Middle school
McCulloch
High school
Marion
School district
Marion Community Schools

Taxes & terms

Annual taxes
$5,295
Tax year
2025
Listing terms
Cash, Conventional, FHA, VA
Possession
Immediate
Parcel number
27-07-06-204-043.000-002

Utilities

Water
City
Sewer
Public Sewer

Income & commercial

Gas meters
14

Rooms

RoomLevelDimensions
Living RoomMain29 × 16 ft
KitchenMain31 × 11 ft
Bedroom 1Main12 × 11 ft
Bedroom 2Upper15 × 9 ft
Bedroom 3Upper12 × 12 ft
Bedroom 4Upper16 × 14 ft
Bedroom 5Upper16 × 15 ft
Recreation RoomLower28 × 16 ft
LoftUpper19 × 9 ft
LaundryUpper16 × 9 ft

Location

Loading map...

Similar homes

$650,000

7 beds · 6 baths