NOT LISTED FOR SALE

7409 Locust Lake Dr W Spencer, IN 47460

Estimated Value: $219,000 - $257,000

3 Beds
2 Baths
1,458 Sq Ft
$168/Sq Ft Est. Value

Last Sold April 22, 2024

Last sale price $245,000 $168 Per Sq Ft

Current estimated payment $1,341/month

6 Days on Market

Highlights

  • Lake View
  • Deck
  • Pole Barn
  • Mature Trees
  • Traditional Architecture
  • Main Floor Bedroom

About This Home

As of April 2024

Welcome to the serene allure of lakeside living at Locust Lake, where your dream home awaits! Nestled between the charming communities of Spencer and Cloverdale, this picturesque residence offers a perfect blend of tranquility, convenience, and natural beauty, just a scenic 10-mile drive north of Spencer and less than an hour's commute to Indy. Discover the essence of retreat as you step into this adorable home, situated on almost an acre of lush wooded landscape, providing a sense of seclusion without sacrificing proximity to local amenities. The property boasts a 23x34 insulated pole barn, perfect for storage, hobbies, or even converting into a workshop - the possibilities are as vast as the surrounding scenery. Whether you're seeking a permanent residence or an idyllic weekend getaway, this home seamlessly caters to both lifestyles. The 1st-floor master bedroom is a haven of comfort, featuring a master bath, walk-in closet, and convenient outdoor access to the deck - the perfect spot to enjoy your morning coffee or bask in the tranquility of Lucust Lake. The heart of the home, the fully furnished kitchen, is adorned with beautiful custom-made countertops, providing both functionality and style. With numerous cosmetic upgrades throughout, this residence reflects a commitment to quality and attention to detail. Practical amenities include an all-electric setup, ensuring energy efficiency, and the added bonus of fiber optic internet connectivity for seamless communication and entertainment. Don't miss the opportunity to make this lakeside retreat your own. Lucust Lake beckons, and this charming home is ready to embrace you with its unique blend of comfort, convenience, and natural beauty. Act now and seize the chance to turn your dream of lake living into a reality!

Last Agent to Sell the Property

Toby Lewis

United Real Estate Indpls Brokerage Email: yirlewis@gmail.com License #RB16001076 Listed on: 03/13/2024

United Real Estate Indpls

Last Buyer's Agent

Linda Dzierba

Dzierba Real Estate Services License #RB14018564

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,340

Year Built

  • Built in 1992 | Remodeled

Lot Details

  • 0.85 Acre Lot
  • Mature Trees
  • Wooded Lot

HOA Fees

  • $29 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Paddle Fans
  • Combination Kitchen and Dining Room
  • Lake Views
  • Attic Access Panel
  • Fire and Smoke Detector

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Microwave

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Unfinished Basement

  • Interior Basement Entry
  • Sump Pump

Parking

  • Garage
  • Garage Door Opener

Outdoor Features

  • Deck
  • Pole Barn
  • Outbuilding
  • Wrap Around Porch

Schools

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

Utilities

  • Well
  • Electric Water Heater

Community Details

  • Association Phone (812) 585-4920
  • Locust Lake Subdivision
  • Property managed by Locust Lake Homes
  • The community has rules related to covenants, conditions, and restrictions

Listing and Financial Details

  • Tax Lot 21
  • Assessor Parcel Number 600717200140210024

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,340

Year Built

Built in 1992 | Remodeled

Lot Details

0

HOA Fees

$29 per month

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2023
  • Year Built: 1992
  • Building Area Total: 1758
  • Garage Y N: No
  • Lot Size Acres: 0.85
  • On Market Date: 2024-03-13
  • Subdivision Name: Locust Lake
  • Inspection Warranties: General
  • Transaction Type: Sale
  • Accessibility Features YN: No
  • MBR_AttributionContact: yirlewis@gmail.com
  • Attribution Contact: yirlewis@gmail.com
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Interior Entry, Unfinished
  • Appliances: Electric Cooktop, Electric Water Heater, Microwave, Electric Oven, Refrigerator, Water Heater, Water Softener Owned
  • Levels: Two
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Interior Amenities: Attic Access, Paddle Fan, Walk-in Closet(s)
  • Living Area: 1458
  • Main Level Bedrooms: 1
  • Other Equipment: Smoke Alarm, Sump Pump
  • Spa Y N: No
  • Areas Interior: Bedroom Other on Main
  • Eating Area: Dining Combo/Kitchen
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 2
  • Main Level Sq Ft: 882
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Kitchen Features: Kitchen Updated
  • Upper Level Sq Ft: 576
  • ResoLivingAreaSource: Assessor
  • Rooms Basement: 0

Exterior Features

  • Construction Materials: Vinyl Siding
  • Direction Faces: Southeast
  • Exterior Features: Barn Pole, Out Building With Utilities
  • Foundation Details: Block
  • List Price: 249000
  • Patio And Porch Features: Deck Main Level, Wrap Around
  • Pool Private Y N: No
  • Property Condition: Updated/Remodeled
  • View: Lake
  • View Y N: Yes
  • Waterfront: No

Garage/Parking

  • Parking Features: Gravel, Garage Door Opener
  • Fuel: No Fuel Source
  • Garage Parking Other: Other
  • Garage Sq Ft: 0

Utilities

  • Utilities: Cable Available, Cable Connected, Electricity Connected
  • Cooling: Central Electric
  • Electric: Circuit Breakers
  • Heating: Electric
  • Laundry Features: Connections All, Main Level
  • Water Source: Private Well
  • Solid Waste: No

Condo/Co-op/Association

  • Association Fee: 350
  • Association Fee Frequency: Annually
  • Association Phone: 812-585-4920
  • Association YN: Yes
  • Management Company Name: Locust Lake Homes
  • H O A Disclosures: Covenants & Restrictions

Schools

  • Middle Or Junior School: Owen Valley Middle School

Lot Info

  • Lot Features: Mature Trees, Wooded
  • Property Attached Yn: No
  • Additional Parcels: No
  • Horse Amenities: None
  • Lot Size Sq Ft: 37026
  • Parcel Number: 600717200140210024
  • Acres: 1/2-1 Acre
  • Price Acre: 288235

Green Features

  • Green Certification Y N: No

Tax Info

  • Tax Annual Amount: 1340
  • Tax Lot: 21
  • Semi Annual Property Tax Amt: 670
  • Tax Exemption: Homestead Tax Exemption

MLS Schools

  • Elementary School: Gosport Elementary School
  • High School: Owen Valley Community High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2024
Closed on
Apr 22, 2024
Sold by
Watkin James
Bought by
Williams Gage E
Seller's Agent
Toby Lewis
United Real Estate Indpls
Buyer's Agent
Linda Dzierba
Dzierba Real Estate Services
List Price
$249,000
Sold Price
$245,000
Premium/Discount to List
-$4,000
-1.61%
Views
66
Current Estimated Value
$245,354

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$354
Avg. Annual Appreciation
-1.45%
Original Mortgage
$237,650
Outstanding Balance
$235,392
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$4,513

Purchase Details

Closed on
May 19, 2010
Sold by
Indiana University Employees Federal Cre
Bought by
Harp Robert C and Harp Katherine M

Purchase Details

Closed on
Jan 6, 2010
Sold by
Schneider Virgil D and Scheider Jane L
Bought by
Indiana University Employees Federal Cre
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Williams Gage E $245,000 None Listed On Document
Harp Robert C -- None Available
Indiana University Employees Federal Cre $85,274 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Williams Gage E $237,650
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/22/2024 04/22/24 Sold $245,000 -1.6% $168 / Sq Ft
03/20/2024 03/20/24 Pending -- -- --
03/13/2024 03/13/24 For Sale $249,000 +119.4% $171 / Sq Ft
05/04/2013 05/04/13 Sold $113,500 0.0% $81 / Sq Ft
03/28/2013 03/28/13 Pending -- -- --
11/01/2012 11/01/12 For Sale $113,500 -- $81 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

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 $136 $147,000 $19,200 $127,800
2023 $241 $134,600 $19,200 $115,400
2022 $236 $128,000 $19,200 $108,800
2021 $209 $111,900 $19,200 $92,700
2020 $206 $109,000 $19,200 $89,800
2019 $216 $105,200 $19,200 $86,000
2018 $279 $103,900 $17,300 $86,600
2017 $318 $101,900 $17,300 $84,600
2016 $640 $98,900 $17,300 $81,600
2014 $326 $96,700 $17,300 $79,400
2013 -- $79,600 $17,300 $62,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21967443

MIBOR Broker Listing Cooperative®

APN: 60-07-17-200-140.210-024