$271,500
SOLD MAY 28, 2025

7266 W Locust Lake Dr Spencer, IN 47460

3 Beds
2 Baths
1,776 Sq Ft
0.32 Acres

Recently Sold

$153 Per Sq Ft

1% Above List Price

19 Days on Market

Highlights

  • 50 Feet of Waterfront
  • Open Floorplan
  • Ranch Style House
  • Pier or Dock
  • Lake, Pond or Stream
  • Backs to Open Ground

About This Home

As of May 2025

Charming Lakefront Sandstone Ranch in Locust Lake Community! Nestled in the serene Locust Lake community north of Owen County & just minutes from I-70, this meticulously maintained lakefront sandstone ranch offers a perfect blend of comfort & beauty. Move-in ready home boasts a layout w/ an open-concept living, dining, & kitchen, ideal for entertaining & family gatherings. A floor-to-ceiling stone fireplace w/ a wood-burning insert adds warmth & character to the dining room. Total of 1,776 sq ft, 3 beds & 2 full baths. The lower level features a family room w/ walkout basement, large master bedroom, one full bath & a designated laundry room. A two-car attached garage w/ attic storage provides ample space for vehicles and storage. Property has seen numerous recent upgrades including a new well installed 30 days ago, new HVAC system including Mini Split system in the lower level, roof, well pump, sump pump, dock, & covered deck at the back of the home. Enjoy great fishing on the electric motor-only lake. The community offers an affordable HOA w/ annual fees under $450. Located just down the road from Cataract Falls/Lake & McCormick’s Creek State Park, it’s a dream come true for outdoor enthusiasts.

Last Agent to Sell the Property

Corey Mauder

Century 21 Scheetz - Bloomington Brokerage Phone: 812-606-1908 Listed on: 04/09/2025

Century 21 Scheetz - Bloomington

Last Buyer's Agent

Corey Mauder

Century 21 Scheetz - Bloomington Brokerage Phone: 812-606-1908 Listed on: 04/09/2025

Century 21 Scheetz - Bloomington

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $421

Year Built

  • Built in 1965

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 10x10
  • 50 Feet of Waterfront
  • Lake Front
  • Backs to Open Ground
  • Rural Setting
  • Sloped Lot

HOA Fees

  • $36 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Gravel Driveway

Home Design

  • Ranch Style House
  • Shingle Roof
  • Stone Exterior Construction

Interior Spaces

  • Open Floorplan
  • Ceiling Fan
  • Wood Burning Fireplace
  • Dining Room with Fireplace
  • Utility Room in Garage
  • Pull Down Stairs to Attic
  • Fire and Smoke Detector

Kitchen

  • Laminate Countertops
  • Disposal

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathtub with Shower
  • Separate Shower

Basement

  • Walk-Out Basement
  • Sump Pump
  • Block Basement Construction
  • 1 Bathroom in Basement
  • 1 Bedroom in Basement

Outdoor Features

  • Sun Deck
  • Lake, Pond or Stream
  • Covered Deck

Schools

  • Gosport Elementary School
  • Owen Valley Middle School
  • Owen Valley High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Private Company Owned Well
  • Well
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 60-07-17-200-140.021-024

Community Details

Overview

  • Locust Lake Subdivision

Recreation

  • Pier or Dock
  • Waterfront Owned by Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$421

Year Built

Built in 1965

Lot Details

0

HOA Fees

$36 per month

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 1965
  • Style: One Story
  • Architectural Style: Ranch
  • Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: LOCUST LAKE LOT 2
  • Parcel Number ID: 60-07-17-200-140.021-024
  • Platted: Yes
  • Amenities: Attic Pull Down Stairs, Ceiling Fan(s), Countertops-Laminate, Deck Covered, Deck on Waterfront, Detector-Smoke, Disposal, Garage Door Opener, Open Floor Plan, Stand Up Shower, Tub/Shower Combination, Sump Pump, Garage Utilities
  • Location: Rural
  • Number Below Grade Bedrooms: 1
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 1776
  • Total Finished Sq Ft: 1776
  • Above Grade Finished Sq Ft: 888
  • Below Grade Finished Sq Ft: 888
  • Basement: Yes
  • Basement Foundation: Walk-Out Basement
  • Basement Material: Block
  • Number Of Fireplaces: 1
  • Fireplace: Dining Rm, Wood Burning
  • Fireplace: Yes
  • Flooring: Hardwood Floors, Vinyl
  • Living Great Room: Dimensions: 11x16, On Level: Main
  • Kitchen: Dimensions: 14x12, On Level: Main
  • Dining Room: Dimensions: 10x11, On Level: Main
  • Family Room: Dimensions: 25x16, On Level: Lower
  • Bedroom 1: Dimensions: 15x11, On Level: Lower
  • Bedroom 2: Dimensions: 12x11, On Level: Main
  • Bedroom 3: Dimensions: 12x9, On Level: Main
  • Number Below Grade Bathrooms: 1
  • Number of Below Grade Full Bathrooms: 1
  • Number of Main Level Full Bathrooms: 1
  • Total Below Grade Sq Ft: 888

Exterior Features

  • Exterior: Stone
  • Roof Material: Shingle
  • Outbuilding1: None
  • Lake Type: Non Ski Lake
  • Water Features: Pier/Dock, Assoc
  • Water Frontage: 50
  • Water Name: Locust Lake

Garage/Parking

  • Driveway: Gravel
  • Garage Type: Attached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 28x23
  • Garage: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: Septic
  • Water Utilities: Well
  • Electric Company: Morgan Co REMC
  • Laundry: Dimensions: Lowerx11, On Level: 11
  • Water Type: Lake
  • Well Type: Private

Condo/Co-op/Association

  • Association Fees: 435
  • Association Fees Frequency: Annually

Schools

  • Elementary School: Gosport

Lot Info

  • Lot Description: Slope, Waterfront, 0-2.9999
  • Lot Dimensions: 10x10
  • Estimated Lot Sq Ft: 13939
  • Estimated Lot Size Acres: 0.32

Tax Info

  • Annual Taxes: 420.72

Multi Family

  • Water Access: Lakefront

MLS Schools

  • High School: Owen Valley
  • Middle School: Owen Valley
  • School District: Spencer-Owen Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 17, 2014
Sold by
Meier Kurt J
Bought by
Harpold Jeffrey L and Harpold Jo A
Current Estimated Value
$265,047
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/28/2025 05/28/25 Sold $271,500 +0.9% $153 / Sq Ft
04/09/2025 04/09/25 For Sale $269,000 -- $151 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $490 $108,300 $11,600 $96,700
2023 $421 $98,400 $11,600 $86,800
2022 $384 $89,200 $11,600 $77,600
2021 $316 $78,200 $11,600 $66,600
2020 $286 $75,900 $11,600 $64,300
2019 $282 $72,400 $11,600 $60,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202511942

Indiana Regional MLS

APN: 60-07-17-200-140.021-024