NOT LISTED FOR SALE

7409 Locust Lake Dr W Spencer, IN 47460

Estimated Value: $197,000 - $262,000

3 Beds
2 Baths
1,458 Sq Ft
$162/Sq Ft Est. Value

Last Sold April 22, 2024

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

Est. 4% decrease in value since last sale

Current estimated payment $1,346/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 Listed By

Toby Lewis

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

United Real Estate Indpls

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%
Total Days on Market
6
Views
66
Current Estimated Value
$235,631

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$9,369
Avg. Annual Appreciation
-3.68%
Original Mortgage
$237,650
Outstanding Balance
$235,392
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$239

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

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Previous Owner Harp Robert C $61,200
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

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Similar Homes in Spencer, IN

  • 1009 Burke Shiloh Rd, Spencer, IN 47460

    $273,000

    • 3 Beds
    • 2 Baths
    • 2,420 Sq Ft
    • 1009 Burke Shiloh Rd
    • Spencer, IN

    Nestled south of Spencer and west of Bloomington is a house you wont want to miss. Sitting on a spacious two acre lot, this lovely home features a custom kitchen, fully fenced yard and a covered front porch with ample views of the perfect country setting. This one and a half story, three bedroom, two bath home features a main floor master suite with a walk-in closet. The other two ample sized

    Stephanie Feltner Prime Real Estate ERA Powered

    Section Image
  • 7266 W Locust Lake Dr, Spencer, IN 47460

    $269,000

    • 3 Beds
    • 2 Baths
    • 1,776 Sq Ft
    • 7266 W Locust Lake Dr
    • Spencer, IN

    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

    Corey Mauder Century 21 Scheetz - Bloomington

    Section Image
  • 1012 W Acres Dr, Spencer, IN 47460

    $205,000

    • 3 Beds
    • 2 Baths
    • 1,248 Sq Ft
    • 1012 W Acres Dr
    • Spencer, IN

    Charming 3-bedroom, 2-bathroom home located just 6 minutes west of Spencer, Indiana and 4 minutes from Pine Woods golf course. This updated property features new flooring and fresh paint throughout, offering a modern and inviting feel. The home also has updated light fixtures, new dishwasher, microwave, and a new front door. Situated on a spacious 1.37 acre lot, it provides ample outdoor space

    Judson Casebeer Century 21 Scheetz - Bloomington

    Section Image
  • 1137 Bucklew Rd, Spencer, IN 47460

    $173,000

    • 2 Beds
    • 1 Bath
    • 1,440 Sq Ft
    • 1137 Bucklew Rd
    • Spencer, IN

    Tons of potential! 2 bedrooms , 1 bath home over walk out basement on 10 acres. Large living room, spacious eat-in kitchen, large closets, wood burning stove in basement, screened in porch on main level and lower level, detached garage, barn, drive through barn. Plenty of woods to roam in with nice creek bed, pretty setting and the countryside is beautiful. Located just a few minutes from town.

    Rene West West & Co., REALTORS

    Section Image
  • 390 Lovers Ln, Spencer, IN 47460

    $179,900

    • 2 Beds
    • 1 Bath
    • 838 Sq Ft
    • 390 Lovers Ln
    • Spencer, IN

    Welcome to this charming 2-bedroom, 1-bath bungalow nestled in a peaceful town setting close to Spencer Elementary. This delightful home features a layout that blends comfort with practicality. Two inviting bedrooms offer plenty of natural light, providing a serene retreat for rest and relaxation. Step outside to discover a fenced yard. The covered front porch invites you to unwind with a morning

    Tara White Century 21 Scheetz - Bloomington

    Section Image
  • 501 W North St, Spencer, IN 47460

    $199,900

    • 2 Beds
    • 1 Bath
    • 1,061 Sq Ft
    • 501 W North St
    • Spencer, IN

    Take a look at this well maintained 2 bedroom, 1 bath home, located on North Street in Spencer. The 1061 sq. ft. offers eat in kitchen, living room, an enclosed front porch along with a large enclosed back porch with laundry facilities. The newly poured back patio extends into the back yard with a nice 2 car detached garage. This home is conveniently located within walking distance of grocery

    Chris Wesley RE/MAX Select Associates, Inc.

    Section Image
  • 205 N Main St, Spencer, IN 47460

    $259,900

    • 4 Beds
    • 2 Baths
    • 2,289 Sq Ft
    • 205 N Main St
    • Spencer, IN

    Welcome to this captivating 4 bedroom, 21/2 bath residence perfectly positioned on a corner lot in the quietest little neighborhood. This home combines historic character with modern convenience, featuring stunning original stained woodwork throughout that speaks to its timeless craftsmanship. The handicap-accessible main level, with a bedroom and full bath, offers seamless living with

    Jake Stiles Coldwell Banker Stiles

    Section Image
  • 5616 Patricksburg Rd, Spencer, IN 47460

    $200,000

    • 3 Beds
    • 2.5 Baths
    • 1,872 Sq Ft
    • 5616 Patricksburg Rd
    • Spencer, IN

    AUCTIONED PROPERTY. Great opportunity to own a charming home in the country with a 3.34 acre lot for all your favorite outdoor activities! Large deck overlooks the beautiful scenery and is the perfect place to entertain or sip your morning coffee. Upstairs has a bonus room that can function as an office or an additional bedroom. Property offers unique features throughout and provides and ample

    Christopher Stjernholm Trelora Realty, Inc.

    Section Image
  • 1776 Spring Creek Ct, Spencer, IN 47460

    $269,900

    • 3 Beds
    • 2 Baths
    • 1,458 Sq Ft
    • 1776 Spring Creek Ct
    • Spencer, IN

    Super nice 3 bedroom, 2 full bath ranch in move-in ready condition. This property has been meticulously maintained, roof/guttering/siding/soffits/windows & screens 1 year old, HVAC brand new, freshly looking painted walls, appliances 2 years old. 2 car attached garage, back deck and fenced back yard. Located on east side of Owen County, close proximity to state park and west side of Bloomington.

    Rene West West & Co., REALTORS

    Section Image

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21967443

MIBOR Broker Listing Cooperative®

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