$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
  • Age: 60
  • Style: One Story
  • Architectural Style: Ranch
  • Total Number of Rooms: 7
  • Total Number of Rooms Below Grade: 4
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 2
  • 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
  • Sp Lp Percent: 100.93
  • Year Taxes Payable: 2023 Payable 2024
  • 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
  • Price Per Sq Ft: 305.74
  • 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 Sq Ft: 644
  • 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

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

Listed on
Apr 9, 2025
Closed on
May 28, 2025
Sold by
Skirvin Tyler
Bought by
Soncrant Robert D and Taylor Josie
Seller's Agent
Corey Mauder
Century 21 Scheetz - Bloomington
Buyer's Agent
Corey Mauder
Century 21 Scheetz - Bloomington
List Price
$269,000
Sold Price
$271,500
Premium/Discount to List
$2,500
0.93%
Views
59

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-48.86%
Original Mortgage
$263,355
Outstanding Balance
$263,355
Interest Rate
6%
Mortgage Type
New Conventional
Estimated Equity
-$6,037

Purchase Details

Closed on
Mar 17, 2014
Sold by
Meier Kurt J
Bought by
Harpold Jeffrey L and Harpold Jo A
Source: Public Records

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Range of Values:

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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 Listed On Document
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $263,355 New Conventional
Previous Owner $118,400 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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

  • Corey Mauder

    Seller's Agent in 2025

    Corey Mauder

    Century 21 Scheetz - Bloomington

    (812) 821-0290

    138 Total Sales

    Corey Mauder
    Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202511942

Indiana Regional MLS

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

Indiana Owen County Spencer 47460

7266 W Locust Lake Dr, Spencer, IN

This home is located at 7266 W Locust Lake Dr, Spencer, IN 47460 and is currently priced at $271,500, approximately $152 per square foot. This property was built in 1965. 7266 W Locust Lake Dr is a home located in Owen County with nearby schools including Owen Valley Community High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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