Listing courtesy of Peter Khosla, Inc · Listing agent: Nicholas Hindes · Cell: 614-747-1625
721 W Spencer Avenue
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
- 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.
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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
| Room | Level | Dimensions |
|---|---|---|
| Living Room | Main | 29 × 16 ft |
| Kitchen | Main | 31 × 11 ft |
| Bedroom 1 | Main | 12 × 11 ft |
| Bedroom 2 | Upper | 15 × 9 ft |
| Bedroom 3 | Upper | 12 × 12 ft |
| Bedroom 4 | Upper | 16 × 14 ft |
| Bedroom 5 | Upper | 16 × 15 ft |
| Recreation Room | Lower | 28 × 16 ft |
| Loft | Upper | 19 × 9 ft |
| Laundry | Upper | 16 × 9 ft |
Location
Similar homes
$514,900
3502 S 400 E
Marion, IN 46952
- 3 beds
- 3 baths
- 3,798 sq ft
Listing courtesy of Nicholson Realty 2.0 LLC
