NOT LISTED FOR SALE

7434 Locust Lake West Dr Spencer, IN 47460

Estimated Value: $145,000 - $352,000

3 Beds
2 Baths
1,960 Sq Ft
$127/Sq Ft Est. Value

Last Sold June 02, 2023

Last sale price $305,000 $156 Per Sq Ft

Est. 19% decrease in value since last sale

Current estimated payment $1,349/month

85 Days on Market

Highlights

  • 50 Feet of Waterfront
  • Lake Property
  • Covered Patio or Porch
  • Pier or Dock
  • Traditional Architecture
  • 3 Car Detached Garage

About This Home

As of June 2023

Charming 1960 sq ft one and a half story lake home located on Locust Lake. This property is located between Indianapolis and Bloomington. Freshly painted and new carpet, 2 bedrooms on main level, laundry, spacious living room with cozy free standing fireplace, great lake view and access to 28x10 deck, and walls of windows in airy dining room. Bedroom, office space that could be used for fourth bedroom and full bath make up the upstairs. Walk-out basement that could be finished for additional living space. 3 car detached garage 30x28 with 16 ft wide overhead door and 10 ft wide door, both with openers and plenty of workspace to utilize. The property also has 2 mini barns, boat dock. Plenty for all to do from fishing, to bird/ nature watching, gardening or just relaxing in the private setting.

Last Agent to Sell the Property

Rene West

West & Co., REALTORS Listed on: 03/09/2023

Last Buyer's Agent

Nicole Stanley

RE/MAX Cornerstone

RE/MAX Cornerstone

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,408

Year Built

  • Built in 1984

Lot Details

  • 0.81 Acre Lot
  • 50 Feet of Waterfront
  • Lake Front
  • Rural Setting
  • Sloped Lot

HOA Fees

  • $29 per month

Parking

  • 3 Car Detached Garage

Home Design

  • Traditional Architecture
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1.5-Story Property
  • Free Standing Fireplace
  • Electric Fireplace

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Outdoor Features

  • Lake Property
  • Lake, Pond or Stream
  • Covered Patio or Porch

Schools

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

Utilities

  • Central Air
  • Private Company Owned Well
  • Well
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 60-07-17-200-140.140-024

Community Details

Overview

  • $29 Other Monthly Fees
  • Locust Lake Subdivision

Recreation

  • Pier or Dock

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,408

Year Built

Built in 1984

Lot Details

0

HOA Fees

$29 per month

Parking

3

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 1984
  • Age: 39
  • Style: One and Half Story
  • Architectural Style: Traditional
  • Total Number of Rooms: 8
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: Locust Lake Lots 13, 14
  • Parcel Number ID: 60-07-17-200-140.140-024
  • Platted: Yes
  • Amenities: Deck Open, Patio Covered
  • Location: Rural Subdivision
  • Parcel Id2: 60-07-17-200-140.130-024
  • Sp Lp Percent: 97.13
  • Year Taxes Payable: 2021/2022
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 3888
  • Total Finished Sq Ft: 1960
  • Above Grade Finished Sq Ft: 1960
  • Above Grade Unfinished Sq Ft: 674
  • Below Grade Sq Ft: 1254
  • Price Per Sq Ft: 155.61
  • Basement: Yes
  • Basement Foundation: Full Basement, Walk-Out Basement
  • Basement Material: Block
  • Fireplace: Electric, Free Standing
  • Flooring: Carpet, Laminate, Vinyl
  • Living Great Room: Dimensions: 27x14, On Level: Main
  • Kitchen: Dimensions: 10x9, On Level: Main
  • Dining Room: Dimensions: 17x10, On Level: Main
  • Bedroom 1: Dimensions: 15x10, On Level: Main
  • Bedroom 2: Dimensions: 11x11, On Level: Main
  • Bedroom 3: Dimensions: 15x11, On Level: Upper
  • Other Room1: office, Dimensions: 15x11, On Level: Main
  • Main Level Sq Ft: 1786
  • Number of Main Level Full Bathrooms: 1
  • Total Below Grade Sq Ft: 1254

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Asphalt
  • Outbuilding1: Outbuilding, Dimensions: 21x24
  • Lake Type: Non Ski Lake
  • Outbuilding2: Shed, Dimensions: 8x8, 64
  • Water Features: Pier/Dock
  • Water Frontage: 50
  • Water Name: Locust Lake

Garage/Parking

  • Garage Type: Detached
  • Garage Number Of Cars: 3
  • Garage Size: Dimensions: 28x28
  • Garage Sq Ft: 784
  • Garage: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Electric
  • Sewer: Septic
  • Water Utilities: Well
  • Laundry: Dimensions: Mainx7, On Level: 7
  • Water Type: Lake
  • Well Type: Private

Condo/Co-op/Association

  • Other Fee Description: association
  • Other Fees Dollar: 350

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: Slope, Lake
  • Lot Dimensions: ireegular
  • Estimated Lot Sq Ft: 35284
  • Estimated Lot Size Acres: 0.81

Tax Info

  • Annual Taxes: 1408.4

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
Mar 9, 2023
Closed on
Jun 2, 2023
Sold by
Ballard Kathi
Bought by
Darnel Michael R and Darnel Judy L
Seller's Agent
Rene West
West & Co., REALTORS
Buyer's Agent
Nicole Stanley
RE/MAX Cornerstone
List Price
$314,000
Sold Price
$305,000
Premium/Discount to List
-$9,000
-2.87%
Views
166
Current Estimated Value
$248,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$56,500
Avg. Annual Appreciation
-39.38%
Original Mortgage
$274,500
Outstanding Balance
$268,600
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
-$173,600

Purchase Details

Listed on
Aug 23, 2022
Closed on
Sep 29, 2022
Sold by
Conklin Kenneth R and Conklin Cynthia L
Bought by
Ballard Curt and Ballard Kathi D
Seller's Agent
Mary Looper
F.C. Tucker Advantage, REALTOR
Buyer's Agent
Tamarah Heffner
Acup Team, LLC
List Price
$284,900
Sold Price
$260,000
Premium/Discount to List
-$24,900
-8.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.90%
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
Darnel Michael R $305,000 None Listed On Document
Ballard Curt -- Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Darnel Michael R $274,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2023 06/02/23 Sold $305,000 -2.9% $156 / Sq Ft
03/09/2023 03/09/23 For Sale $314,000 +20.8% $160 / Sq Ft
09/30/2022 09/30/22 Sold $260,000 -8.7% $133 / Sq Ft
09/27/2022 09/27/22 Pending -- -- --
09/22/2022 09/22/22 For Sale $284,900 0.0% $145 / Sq Ft
09/09/2022 09/09/22 Pending -- -- --
08/23/2022 08/23/22 For Sale $284,900 -- $145 / 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 $26 $2,000 $1,500 $500
2023 $28 $2,000 $1,500 $500
2022 $30 $2,000 $1,500 $500
2021 $34 $2,000 $1,500 $500
2020 $33 $2,000 $1,500 $500
2019 $36 $2,000 $1,500 $500
2018 $32 $1,800 $800 $1,000
2017 $37 $2,100 $800 $1,300
2016 $39 $2,200 $800 $1,400
2014 $14 $800 $800 $0
2013 -- $800 $800 $0
Source: Public Records

Agents Affiliated with this Home

  • Rene West

    Seller's Agent in 2023

    Rene West

    West & Co., REALTORS

    (812) 829-8865

    87 Total Sales

    Rene West
    Section Image
  • Nicole Stanley

    Buyer's Agent in 2023

    Nicole Stanley

    RE/MAX

    (765) 720-2657

    143 Total Sales

    Nicole Stanley
    Section Image

  • M

    Seller's Agent in 2022

    Mary Looper

    F.C. Tucker Advantage, REALTOR

    Section Image

  • T

    Buyer's Agent in 2022

    Tamarah Heffner

    Acup Team, LLC

    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202306927

Indiana Regional MLS

APN: 60-07-17-200-140.130-024

Indiana Owen County Spencer 47460

7434 Locust Lake West Dr, Spencer, IN

This home is located at 7434 Locust Lake West Dr, Spencer, IN 47460 since 09 March 2023 and is currently estimated at $248,500, approximately $126 per square foot. This property was built in 1984. 7434 Locust Lake West 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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