$24,000
SOLD MAY 9, 2025

7380 W Locust Lake Dr Spencer, IN 47460

0.56 Acre
$42,857 Price per Acre
24,394 Sq Ft Lot

Recently Sold

47% Below List Price

199 Days on Market

Highlights

  • 50 Feet of Waterfront
  • Lake, Pond or Stream
  • Private Streets
  • Pier or Dock
  • Shed

About This Lot

As of May 2025

Lakefront Property on Locust Lake in Northern Owen County Discover a unique opportunity to own a serene .56-acre lakefront lot in the private community of Locust Lake. This peaceful retreat invites you to bring your fishing poles and explore the natural beauty surrounding you. The property features a permanent 8'x15' shed with an additional 8'x15' deck, perfect for convenient storage and relaxation. A 150' gravel lane leads you to the center of the lot, providing ample parking space. Included in the sale are a pontoon, paddle boat, and kayak rack, making it easy to enjoy the lake. While the property currently has no utilities onsite, REMC electricity and high-speed internet are available within the community. Annual HOA fees are paid in August. This property offers the ideal setting to build your dream home or to enjoy as a recreational getaway. Don't miss this chance to own a slice of tranquility on Locust Lake!

Last Agent to Sell the Property

Corey Mauder

Century 21 Scheetz - Bloomington Brokerage Phone: 812-606-1908 Listed on: 10/09/2024

Century 21 Scheetz - Bloomington

Last Buyer's Agent

Trent Keith

Keith Realty & Auction Group

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $29

Lot Details

  • 0.56 Acre Lot
  • 50 Feet of Waterfront
  • Lake Front
  • Property fronts a private road
  • Private Streets
  • Rural Setting
  • Finished Lot(s)

HOA Fees

  • $35 Monthly HOA Fees

Parking

  • Gravel Driveway

Schools

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

Utilities

  • Well Required

Listing and Financial Details

  • Assessor Parcel Number 60-07-17-200-140.100-024

Community Details

Overview

  • Locust Lake Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Recreation

  • Pier or Dock
  • Waterfront Owned by Association
  • Lake, Pond or Stream
  • Shed

Property Details

Property Type

Land

Est. Annual Taxes

$29

Lot Details

0

HOA Fees

$35 per month

Listing Details

  • Class: LOTS AND LAND
  • Property Sub Type: Residential Land
  • Waterfront: Yes
  • Legal Description: LOCUST LAKE LOT 10
  • Parcel Number ID: 60-07-17-200-140.100-024
  • Platted: Yes
  • Location: Rural
  • Road Access: Private
  • Road Surface: Gravel
  • Sp Lp Percent: 80.27
  • Parcel Description: Slope, Waterfront, 0-2.9999
  • Restrictions: Restrictions, Covenants
  • Type of Sale: Traditional
  • Options: Sell Entirely
  • Platted Development: Yes
  • Structure Bldg Imprvmnts: Yes
  • Type Use: Residential
  • Year Taxes Payable: 2023 Payable 2024
  • Special Features: None

Exterior Features

  • Lake Type: Non Ski Lake
  • Water Features: Pier/Dock, Assoc
  • Water Frontage: 50
  • Water Name: Locust Lake
  • Road Frontage: Private

Garage/Parking

  • Parking: Gravel

Utilities

  • Water Utilities: Well Needed
  • Electric Company: Morgan Co REMC
  • Water Type: Lake
  • Electricity Type: Available

Condo/Co-op/Association

  • Association Fees: 415
  • 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 Dimensions: 1X1
  • Estimated Lot Sq Ft: 24394
  • Estimated Lot Size Acres: 0.56
  • Land Features: Shed

Tax Info

  • Annual Taxes: 30.6

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
Oct 9, 2024
Closed on
May 6, 2025
Sold by
Hooper Jay T and Hooper Joni T
Bought by
Tasich-Koyani Malinda April and Koyani Nayan
Seller's Agent
Corey Mauder
Century 21 Scheetz - Bloomington
Buyer's Agent
Trent Keith
Keith Realty & Auction Group
List Price
$44,900
Sold Price
$24,000
Premium/Discount to List
-$20,900
-46.55%
Total Days on Market
199
Views
272
Current Estimated Value
$31,522

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,522
Avg. Annual Appreciation
164.77%

Purchase Details

Listed on
Feb 5, 2024
Closed on
Mar 13, 2024
Sold by
Corpe Crystal
Bought by
Hooper Jay T and Hooper Joni
Seller's Agent
Corey Mauder
Century 21 Scheetz - Bloomington
Buyer's Agent
Corey Mauder
Century 21 Scheetz - Bloomington
List Price
$38,000
Sold Price
$38,000
Views
138

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-32.71%

Purchase Details

Closed on
Jul 9, 2021
Sold by
Oppenheimer Jeff R
Bought by
Corpe Bruce and Corpe Crystal

Purchase Details

Closed on
Feb 15, 2018
Sold by
Buschner Richard
Bought by
Buschner Donald
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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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 -- First American Title
Warranty Deed $38,000 None Listed On Document
Warranty Deed -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/09/2025 05/09/25 Sold $24,000 -19.7% --
04/26/2025 04/26/25 Pending -- -- --
04/14/2025 04/14/25 Price Changed $29,900 -14.3% --
04/05/2025 04/05/25 Price Changed $34,900 -12.5% --
11/18/2024 11/18/24 Price Changed $39,900 -11.1% --
10/09/2024 10/09/24 For Sale $44,900 +18.2% --
03/13/2024 03/13/24 Sold $38,000 0.0% --
03/02/2024 03/02/24 Pending -- -- --
02/05/2024 02/05/24 For Sale $38,000 -- --
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 $29 $2,200 $2,200 $0
2023 $31 $2,200 $2,200 $0
2022 $33 $2,200 $2,200 $0
2021 $37 $2,200 $2,200 $0
2020 $37 $2,200 $2,200 $0
2019 $39 $2,200 $2,200 $0
2018 $20 $1,100 $1,100 $0
2017 $19 $1,100 $1,100 $0
2016 $20 $1,100 $1,100 $0
2014 $19 $1,100 $1,100 $0
2013 -- $1,100 $1,100 $0
Source: Public Records

Agents Affiliated with this Home

  • Corey Mauder

    Seller's Agent in 2025

    Corey Mauder

    Century 21 Scheetz - Bloomington

    (812) 821-0290

    141 Total Sales

    Corey Mauder
    Section Image
  • Trent Keith

    Buyer's Agent in 2025

    Trent Keith

    Keith Realty & Auction Group

    (812) 821-8499

    100 Total Sales

    Trent Keith
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202439122

Indiana Regional MLS

APN: 60-07-17-200-140.100-024

Indiana Owen County Spencer 47460

7380 W Locust Lake Dr, Spencer, IN

This home is located at 7380 W Locust Lake Dr, Spencer, IN 47460 and is currently priced at $24,000. 7380 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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