Montgomery Homes under $400,000

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Newest Montgomery Homes under $400,000

$249,900

2 Beds ⋅ 2 Baths ⋅ 202640445 MLS ⋅ 1,480 SqFt. ⋅ David Williams

Enjoy the space and versatility of 5 beautiful acres in the country with this 2 bedroom and 2 full bath home. The spacious living room features a fireplace and provides a comfortable gathering space. The large kitchen offers an abundance of cabinetry and countertop space, plus a convenient countertop bar that opens to the living room. Outdoor living is easy with both a covered front porch and a back patio, offering great spaces to relax and enjoy the property. The home also includes a 2.5-car garage with additional storage space, including the area housing the breaker panel and well pump. A major bonus is the 24x72 pole barn located next to the home. Approximately half of the barn has a concrete floor, while the remaining half has a dirt floor, providing flexible space for storage, a workshop, equipment, hobbies, or other uses. With 5 acres, a spacious home, 2.5-car garage, and large pole barn, this property offers plenty of room for storage, projects, and enjoying the outdoors. Home Being Sold AS-IS

8172 S 1100 W, Owensville

Listing courtesy of David Williams from F.C. TUCKER EMGE. Office: 812-386-6200

$280,000

3 Beds ⋅ 2 Baths ⋅ 202636320 MLS ⋅ 1,292 SqFt. ⋅ Ashton Hoene

Welcome to 1365 Lakeside Drive in Spencer! Situated on a .35 acre parcel with access to private Amazon Lake, this charming 3-bedroom, 2- full bath home offers 1,292 square feet of living space. Inside, you'll find fresh paint throughout, a functional kitchen featuring a custom-built island, and two full bathrooms—including one with a walk-in shower with dual shower heads and another with a convenient tub/shower combination. Outdoor living is a standout feature of this property. The newly built covered deck, completed in 2025, features a metal roof—perfect for relaxing and listening to the rain on a quiet afternoon. An outdoor TV and speaker system make the space ready for entertaining, game days, or evenings at home. Residents enjoy two different access points to private Amazon Lake, where you can spend your days fishing and enjoying the water. A jon boat is even included with the sale, so you can start enjoying lake life right away! The property also includes an additional storage shed. Recent updates and features include a new A/C and heat pump in 2026, a new roof over the home’s addition in 2023, 200-amp electrical service, and REMC fiber internet. Whether you're looking for peaceful lake living, outdoor entertaining, or simply a little more room to enjoy the outdoors, this property has so much to offer!

1365 Lakeside Dr, Spencer

Listing courtesy of Ashton Hoene from F.C. Tucker Company.

$189,000

1 Beds ⋅ 1 Baths ⋅ 202633146 MLS ⋅ 1,056 SqFt. ⋅ Steven Terry

Lake life meets outdoor adventure in this unique Amazon Shores property. Thoughtfully designed with functionality and character in mind, this charming home features one bedroom, one full bath, plus a versatile sleeping area that could easily be converted into a second bedroom, home office, or flex space. Enjoy deeded access to Amazon Lake through the lake association, offering opportunities for fishing, kayaking, and relaxing on the water. The inviting porch provides additional space to enjoy the peaceful surroundings and offers the potential to be transformed into additional living space. Located between McCormick's Creek State Park and Lieber State Recreation Area, you'll be minutes from hiking, boating, waterfalls, camping, and year-round outdoor recreation. Whether you're looking for a full-time residence, weekend retreat, investment opportunity, or a place to enjoy the outdoors, this property offers a rare combination of privacy, recreation, and convenience. Schedule your private showing today!

1405 Lakeside Dr, Spencer

Listing courtesy of Steven Terry from Century 21 Scheetz - Bloomington. cell: 317-453-7968

$284,900

3 Beds ⋅ 2 Baths ⋅ 202631085 MLS ⋅ 1,776 SqFt. ⋅ Corey Mauder

Experience peaceful lakefront living in the desirable Locust Lake community, conveniently located in northern Owen County just minutes from I-70. This meticulously maintained sandstone ranch offers picturesque water views, thoughtful updates, and a move-in-ready interior designed for comfortable everyday living and entertaining. Offering 1,776 square feet of finished living space, this home features three bedrooms and two full bathrooms. The main level showcases an inviting open-concept living, dining, and kitchen area where a stunning floor-to-ceiling stone fireplace with a wood-burning insert creates a warm focal point. Just off the main living space, a spacious covered deck extends your living area outdoors, providing the perfect setting for dining, relaxing, or taking in the peaceful lake views. Two main-level bedrooms feature beautiful hardwood floors and are served by a full bathroom conveniently located on the main floor. The finished walkout lower level adds exceptional flexibility with a spacious family room, a large third bedroom, a full bathroom, and a dedicated laundry room. An attached two-car garage with attic storage offers ample room for vehicles, tools, and seasonal items. Recent improvements provide added value and peace of mind, including a new well, a newer HVAC system with an energy-efficient mini-split serving the lower level, roof, well pump, sump pump, dock, and covered rear deck. Step outside to enjoy your private lakefront setting, whether relaxing by the water, casting a line from the dock, or exploring the electric motor-only lake. Locust Lake offers an affordable homeowners association with annual dues of less than $450. Ideally located near Cataract Falls, Cataract Lake, and McCormick's Creek State Park, this property provides convenient access to boating, fishing, hiking, and a variety of outdoor recreation opportunities while remaining just minutes from Interstate 70 for an easy commute.

7266 Locust Lake West Dr, Spencer

Listing courtesy of Corey Mauder from Century 21 Scheetz - Bloomington. Cell: 812-606-1908

$365,900

4 Beds ⋅ 2 Baths ⋅ 202629008 MLS ⋅ 3,184 SqFt. ⋅ David Williams

Welcome to this spacious 4-bedroom, 2-bath home built in 2021, offering the perfect blend of country living and modern comfort. Step inside to a bright, open-concept floor plan where the large living room flows seamlessly into the kitchen and dining area, creating the perfect space for everyday living and entertaining. The dining room is conveniently located next to the kitchen, making family meals and hosting guests a breeze. The thoughtfully designed split-bedroom floor plan offers privacy for the primary suite, featuring a generously sized walk-in closet and a spacious ensuite bathroom. Three additional bedrooms and a full bath are located on the opposite side of the home, providing plenty of room for family or guests. The full basement greatly expands the living space and offers endless possibilities. It includes two additional finished rooms that could be used as bedrooms, home offices, hobby rooms, or workout spaces. The large family room is perfect for entertaining, game nights, or relaxing with friends and family. The basement also features an upgraded Dricore subfloor system for added comfort, along with multiple closets and storage areas to keep everything organized. Outside, you'll enjoy the peaceful country setting from the welcoming covered front porch or unwind on the backyard patio. A 12' x 20' storage shed provides excellent space for lawn equipment, tools, or additional storage. With its spacious layout, flexible living areas, and quiet rural surroundings, this home is ready to welcome its next owners.

6183 W Stalheim Ave, Owensville

Listing courtesy of David Williams from F.C. TUCKER EMGE. Office: 812-386-6200

$334,900

4 Beds ⋅ 3 Baths ⋅ 202627018 MLS ⋅ 2,576 SqFt. ⋅ Michelle Brummett

Welcome to this spacious home situated on nearly a full acre (0.99) of land, offering over 2,500 square feet of comfortable living space, with 4 bedrooms and 2.5 baths. When entering the front foyer connects a den/office and a dining room both rooms have new flooring in 2026. The large kitchen features a pantry, lots of cabinets, great counter space, breakfast nook, and the kitchen appliances (2019) per seller. The kitchen opens into the family room with new flooring in 2026, and sliding door(s) leading out to the backyard and patio. The upper level has an oversized primary master suite which includes, a shower/tub combo and a walk-in closet, hall full bath and large linen closet. Also, the laundry room is on the upper level for convenience and the washer and dryer are included. One of the additional bedrooms could be a nursery with an entrance door to the primary master suite as well as to the hallway, plus has a walk-in closet. The other two bedrooms are large with great closets. There is an attached two car garage with a huge gravel driveway for extra parking. The HVAC is 3 years old and window treatments are included.

9621 W 575 S, Owensville

Listing courtesy of Michelle Brummett from Acclaim Realty Group. Cell: 812-457-8298

$54,900

3 Beds ⋅ 1 Baths ⋅ 202617880 MLS ⋅ 1,582 SqFt. ⋅ Kelly Bolhofner

Investor special with character you just can’t recreate. This 3 bedroom, 1 bath home in Owensville is packed with original charm and waiting for the right buyer to bring it back to life. From the oversized covered front porch to the original woodwork, decorative fireplaces, stained glass details, vintage light fixtures, and hardwood floors, there is a lot here worth saving. With approximately 1,500 square feet, this home offers solid space and endless potential for a renovation project, rental investment, flip, or restoration. The property does need significant work and is being sold as-is, but the bones and character are hard to ignore. If you have been looking for a fixer upper with historic charm and vision potential in Owensville, this may be the opportunity you have been waiting for.

108 E Warrick St, Owensville

Listing courtesy of Kelly Bolhofner from RE/MAX REVOLUTION. Cell: 812-664-1434

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Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.