NOT LISTED FOR SALE

7423 Locust Lake Rd Spencer, IN 47460

Estimated Value: $194,000 - $271,000

3 Beds
2 Baths
1,620 Sq Ft
$144/Sq Ft Est. Value

Last Sold July 05, 2023

Last sale price $235,000 $145 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $1,317/month

25 Days on Market

Highlights

  • Lake Front
  • Lake Privileges
  • Community Lake
  • Fishing
  • Mature Trees
  • Deck

About This Home

As of July 2023

BACK ON THE MARKET, and at no fault to the seller or property! Welcome to this lakefront property on Locust Lake in rural Owen County. This well-maintainedmanufactured home offers 3 bedrooms and 2 full bathrooms, providing ample space for families or guests. You have both a living room, designated dining room and family room with builtin cabinetry and gas log fireplace. Kitchen offers loads of cabinet space, an island and separate bar area. Designated laundry off the kitchen also contains additional closets for storage.The split floorplan offers privacy and convenience among the bedrooms. The large master suite has dual walk-in closets with loads of storage. The master bathroom with new LVPflooring has double vanity, shower and soaking tub

Last Agent to Sell the Property

Michael Malone

Dropped Members License #RB20001012 Listed on: 05/19/2023

Dropped Members

Last Buyer's Agent

John Ratcliff

F.C. Tucker Company

F.C. Tucker Company

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $208

Year Built

  • Built in 1992

Lot Details

  • 1.28 Acre Lot
  • Lake Front
  • Irregular Lot
  • Mature Trees
  • Wooded Lot

HOA Fees

  • $68 Monthly HOA Fees

Parking

  • 4 Car Attached Garage

Home Design

  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 1,620 Sq Ft Home
  • 1-Story Property
  • Built-in Bookshelves
  • Paddle Fans
  • Family Room with Fireplace
  • Formal Dining Room
  • Lake Views

Kitchen

  • Electric Oven
  • Range Hood
  • Free-Standing Freezer
  • Dishwasher
  • Kitchen Island

Flooring

  • Carpet
  • Vinyl Plank
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Lake Privileges
  • Deck
  • Pole Barn
  • Shed

Schools

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

Utilities

  • Forced Air Heating System
  • Heating System Powered By Leased Propane
  • Heating System Uses Propane
  • Well
  • Electric Water Heater
  • Water Purifier

Listing and Financial Details

  • Tax Lot 60-07-17-200-140.400-024
  • Assessor Parcel Number 600717200140400024

Community Details

Overview

  • Association fees include home owners, maintenance, trash
  • Locust Lake Subdivision
  • Community Lake

Recreation

  • Fishing

Home Details

Home Type

Single Family

Est. Annual Taxes

$208

Year Built

Built in 1992

Lot Details

0

HOA Fees

$68 per month

Parking

4

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Modular
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2022
  • Year Built: 1992
  • Building Area Total: 1620
  • Garage Y N: Yes
  • Lot Size Acres: 1.28
  • Subdivision Name: Locust Lake
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Accessibility Features YN: No
  • MBR_AttributionContact: mmalone@c21scheetz.com
  • Special Features: None

Interior Features

  • Basement: No
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Electric Oven, Range Hood, Refrigerator, Free-Standing Freezer, Washer, Water Purifier, Water Softener Owned
  • Levels: One
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Family Room
  • Fireplaces: 1
  • Interior Amenities: Built In Book Shelves, Center Island, Paddle Fan, Hi-Speed Internet Availbl
  • Living Area: 1620
  • Main Level Bedrooms: 3
  • Eating Area: Formal Dining Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 2
  • Main Level Sq Ft: 1620
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • ResoLivingAreaSource: Assessor
  • Rooms Basement: 0

Exterior Features

  • Construction Materials: Vinyl Siding
  • Exterior Features: Barn Mini, Barn Pole, Dock
  • Foundation Details: Block
  • List Price: 249900
  • Patio And Porch Features: Deck Main Level
  • View: Lake
  • View Y N: Yes
  • Waterfront Features: Lake Privileges, Lake Front, Waterfront
  • Waterfront: Yes

Garage/Parking

  • Garage Spaces: 4
  • Parking Features: Attached, Gravel
  • Fuel: Propane Leased
  • Garage Sq Ft: 528

Utilities

  • Cooling: Central Electric
  • Heating: Forced Air, Propane
  • Laundry Features: Main Level
  • Water Source: Private Well
  • Solid Waste: No

Condo/Co-op/Association

  • Association Amenities: Boating, Maintenance Grounds
  • Association Fee: 817
  • Association Fee Frequency: Annually
  • Association YN: Yes
  • Community Features: Fishing, Lake
  • H O A Disclosures: Covenants & Restrictions,Rules & Regulations

Fee Information

  • Association Fee Includes: Association Home Owners, Maintenance, Trash

Schools

  • Middle Or Junior School: Owen Valley Middle School

Lot Info

  • Lot Features: Access, Irregular Lot, Mature Trees, Wooded
  • Property Attached Yn: Yes
  • Additional Parcels: No
  • Lot Size Sq Ft: 55757
  • Parcel Number: 600717200140400024
  • Acres: 1-3 Acres
  • Price Acre: 183593.75

Green Features

  • Green Certification Y N: No

Tax Info

  • Tax Lot: 60-07-17-200-140.400-024
  • Semi Annual Property Tax Amt: 0
  • Tax Exemption: Veteran 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
May 19, 2023
Closed on
Jul 5, 2023
Sold by
Law Ronald E and Law Linda J
Bought by
Vibbert Mark D and Vibbert Cynthia
Seller's Agent
Michael Malone
Dropped Members
Buyer's Agent
John Ratcliff
F.C. Tucker Company
List Price
$249,900
Sold Price
$235,000
Premium/Discount to List
-$14,900
-5.96%
Views
143
Current Estimated Value
$232,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,500
Avg. Annual Appreciation
-0.48%
Original Mortgage
$188,000
Outstanding Balance
$183,329
Interest Rate
6.57%
Mortgage Type
New Conventional
Estimated Equity
$49,171

Purchase Details

Closed on
Aug 19, 2021
Sold by
Law Ronald E and Law Linda J
Bought by
Law Ronald E and Law Linda J
Source: Public Records

Range of Values:

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Average Value
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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
Vibbert Mark D -- None Listed On Document
Law Ronald E -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vibbert Mark D $188,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/05/2023 07/05/23 Sold $235,000 0.0% $145 / Sq Ft
07/05/2023 07/05/23 Sold $235,000 -6.0% $145 / Sq Ft
06/14/2023 06/14/23 Pending -- -- --
05/19/2023 05/19/23 For Sale $249,900 0.0% $154 / Sq Ft
03/14/2023 03/14/23 For Sale $249,900 -- $154 / 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 $208 $16,000 $2,300 $13,700
2023 $193 $13,900 $2,300 $11,600
2022 $266 $17,800 $2,300 $15,500
2021 $12 $13,400 $2,300 $11,100
2020 $12 $13,500 $2,300 $11,200
2019 $0 $11,300 $2,300 $9,000
2018 $12 $10,300 $1,200 $9,100
2017 $5 $13,200 $1,200 $12,000
2016 $5 $15,100 $1,200 $13,900
2014 -- $1,200 $1,200 $0
2013 -- $1,200 $1,200 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2023

    Michael Malone

    Dropped Members

    Section Image
  • Corey Mauder

    Seller's Agent in 2023

    Corey Mauder

    Century 21 Scheetz - Bloomington

    (812) 821-0290

    143 Total Sales

    Corey Mauder
    Section Image

  • J

    Buyer's Agent in 2023

    John Ratcliff

    F.C. Tucker Company

    Section Image

  • B

    Buyer's Agent in 2023

    BLOOM NonMember

    NonMember BL

See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21922045

MIBOR Broker Listing Cooperative®

APN: 60-07-17-200-140.390-024

Indiana Owen County Spencer 47433

7423 Locust Lake Rd, Spencer, IN

This home is located at 7423 Locust Lake Rd, Spencer, IN 47460 since 19 May 2023 and is currently estimated at $232,500, approximately $143 per square foot. This property was built in 1992. 7423 Locust Lake Rd 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.

MIBOR Broker Listing Cooperative® Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

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