NOT LISTED FOR SALE

7431 Locust Lake Dr E Spencer, IN 47460

Estimated Value: $272,000 - $311,000

2 Beds
2 Baths
1,638 Sq Ft
$177/Sq Ft Est. Value

Last Sold June 21, 2024

Last sale price $289,000 $176 Per Sq Ft

Current estimated payment $1,602/month

65 Days on Market

Highlights

  • 80 Feet of Waterfront
  • Vaulted Ceiling
  • Balcony
  • Lake Property
  • Partially Wooded Lot
  • 1 Car Attached Garage

About This Home

As of June 2024

Here is your opportunity to own a beautiful, well maintained, Tri Level home on a peaceful no wake lake at the end of a private road. The master Bedroom has its own 4x14 balcony. There is 12x36 deck off the 2nd level. Relax by the fireplace on cold days, while enjoying your view of the lake. New Flooring, updated appliances and tons of cabinet space in the kitchen. Built in Cabinetry and bookcases in the loft. Walkout basement could be a 3rd bedroom or office. Other updates are: new Gas Insert for the fireplace, new owned propane tank, new furnace and a new water softener. There is a new Genex Generator which could stay for an additional cost. The home also has central air, an 8x12 garden shed and a 36x10 attached garage.

Last Agent to Sell the Property

Amy Highfield

RE/MAX Select Associates, Inc. Brokerage Phone: 812-828-5310 Listed on: 04/04/2024

RE/MAX Select Associates, Inc.

Last Buyer's Agent

Bobbi Benish

Benish Real Estate Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $631

Year Built

  • Built in 1992

Lot Details

  • 0.61 Acre Lot
  • 80 Feet of Waterfront
  • Lake Front
  • Irregular Lot
  • Sloped Lot
  • Partially Wooded Lot

Parking

  • 1 Car Attached Garage

Home Design

  • Tri-Level Property
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • Vaulted Ceiling
  • Self Contained Fireplace Unit Or Insert
  • Living Room with Fireplace

Kitchen

  • Laminate Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms

Partially Finished Basement

  • Walk-Out Basement
  • 1 Bathroom in Basement

Outdoor Features

  • Lake Property
  • Lake, Pond or Stream
  • Balcony

Schools

  • Spencer Elementary School
  • Owen Valley Middle School
  • Owen Valley High School

Utilities

  • Central Air
  • Heating System Powered By Owned Propane
  • Propane
  • Private Company Owned Well
  • Well
  • Septic System

Community Details

  • Locust Lake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 60-07-17-200-140.410-024

Home Details

Home Type

Single Family

Est. Annual Taxes

$631

Year Built

Built in 1992

Lot Details

0

Parking

1

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 1992
  • Age: 32
  • Style: Tri-Level
  • Total Number of Rooms: 7
  • Total Number of Rooms Below Grade: 1
  • Bedrooms: 2
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: LOCUST LAKE SUBDIVISION LOT 41
  • Parcel Number ID: 60-07-17-200-140.410-024
  • Platted: Yes
  • Amenities: Balcony, Ceilings-Vaulted, Countertops-Laminate, Disposal
  • Location: Lake
  • Sp Lp Percent: 100
  • Year Taxes Payable: 2023
  • Special Features: None

Interior Features

  • Total Sq Ft: 1872
  • Total Finished Sq Ft: 1638
  • Above Grade Finished Sq Ft: 936
  • Below Grade Finished Sq Ft: 702
  • Below Grade Sq Ft: 234
  • Price Per Sq Ft: 308.76
  • Basement: Yes
  • Basement Foundation: Walk-Out Basement, Partially Finished
  • Number Of Fireplaces: 1
  • Fireplace: Living/Great Rm, Fireplace Insert
  • Fireplace: Yes
  • Living Great Room: Dimensions: 13x19, On Level: Main
  • Kitchen: Dimensions: 11x16, On Level: Main
  • Extra Room: Dimensions: 10x27, On Level: Basement
  • Bedroom 1: Dimensions: 11x12, On Level: Upper
  • Bedroom 2: Dimensions: 10x12, On Level: Upper
  • Loft: Dimensions: 9x12, On Level: Upper
  • Number Below Grade Bathrooms: 1
  • Number of Below Grade Full Bathrooms: 1
  • Total Below Grade Sq Ft: 936

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Shingle
  • Outbuilding1: Garden Shed, Dimensions: 8x12
  • Lake Type: Non Ski Lake
  • Water Frontage: 80
  • Water Name: Locust Lake

Garage/Parking

  • Garage Type: Attached
  • Garage Number Of Cars: 1
  • Garage Size: Dimensions: 10x36
  • Garage Sq Ft: 360
  • Garage: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Propane, Other Heating System, Propane Tank Owned
  • Sewer: Septic
  • Water Utilities: Well
  • Laundry: Dimensions: Basementx14, On Level: 7
  • Water Type: Lake
  • Well Type: Private

Schools

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

Lot Info

  • Lot Description: Irregular, Partially Wooded, Slope, Waterfront, 0-2.9999, Lake
  • Lot Dimensions: Irregular
  • Estimated Lot Sq Ft: 26572
  • Estimated Lot Size Acres: 0.61

Tax Info

  • Annual Taxes: 631.08
  • Exemptions: Disabled Vet, Homestead, Mortgage, Supplemental

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 4, 2024
Closed on
Jun 20, 2024
Sold by
Jordan Judy K
Bought by
Henselmeier Elizabeth A and Grissom Jeff
Seller's Agent
Amy Highfield
RE/MAX Select Associates, Inc.
Buyer's Agent
Bobbi Benish
Benish Real Estate Group
List Price
$314,900
Sold Price
$289,000
Premium/Discount to List
-$25,900
-8.22%
Views
133
Current Estimated Value
$289,747

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$747
Avg. Annual Appreciation
0.20%
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
Henselmeier Elizabeth A -- First American Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2024 06/21/24 Sold $289,000 0.0% $176 / Sq Ft
06/08/2024 06/08/24 Pending -- -- --
05/17/2024 05/17/24 Price Changed $289,000 -3.5% $176 / Sq Ft
05/13/2024 05/13/24 Price Changed $299,500 -4.9% $183 / Sq Ft
04/04/2024 04/04/24 For Sale $314,900 +125.1% $192 / Sq Ft
04/03/2013 04/03/13 Sold $139,900 0.0% $85 / Sq Ft
02/08/2013 02/08/13 Pending -- -- --
12/06/2012 12/06/12 For Sale $139,900 -- $85 / 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 $792 $207,800 $17,300 $190,500
2023 $631 $188,200 $17,300 $170,900
2022 $629 $174,100 $17,300 $156,800
2021 $475 $152,300 $17,300 $135,000
2020 $417 $147,600 $17,300 $130,300
2019 $661 $144,700 $17,300 $127,400
2018 $654 $143,500 $15,600 $127,900
2017 $555 $135,700 $15,600 $120,100
2016 $501 $130,800 $15,600 $115,200
2014 $915 $128,500 $15,600 $112,900
2013 -- $127,400 $15,600 $111,800
Source: Public Records

Agents Affiliated with this Home

  • Amy Highfield

    Seller's Agent in 2024

    Amy Highfield

    RE/MAX

    (317) 501-6623

    28 Total Sales

    Amy Highfield
    Section Image
  • Bobbi Benish

    Buyer's Agent in 2024

    Bobbi Benish

    Benish Real Estate Group

    (765) 437-3650

    180 Total Sales

    Bobbi Benish
    Section Image

  • S

    Seller's Agent in 2013

    Stephanie Roudebush

  • N

    Buyer's Agent in 2013

    Non-BLC Member

    MIBOR REALTOR® Association

    Non-BLC Member
    Section Image

  • I

    Buyer's Agent in 2013

    IUO Non-BLC Member

    Non-BLC Office

See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202411157

Indiana Regional MLS

APN: 60-07-17-200-140.410-024

Indiana Owen County Spencer 47433

7431 Locust Lake Dr E, Spencer, IN

This home is located at 7431 Locust Lake Dr E, Spencer, IN 47460 since 04 April 2024 and is currently estimated at $289,747, approximately $176 per square foot. This property was built in 1992. 7431 Locust Lake Dr E 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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