NOT LISTED FOR SALE

7455 Locust Lake Dr E Spencer, IN 47460

Estimated Value: $312,617 - $382,000

2 Beds
2 Baths
2,581 Sq Ft
$134/Sq Ft Est. Value

Last Sold April 12, 2023

Last sale price $289,000 $112 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $2,115/month

55 Days on Market

Highlights

  • 155 Feet of Waterfront
  • RV Parking in Community
  • Open Floorplan
  • Pier or Dock
  • Primary Bedroom Suite
  • Lake Property

About This Home

As of April 2023

A tranquil setting on Locust Lake is where you will find this home in rural Owen County. Minutes from Spencer and Cloverdale, less than an hour from Indy. This home is perched on 4 wooded lake lots totaling 3.01 acres. Having 2,581 finished square feet includes 1-bedroom with an open loft, 2 baths on 3 levels. Enter the home on the lower-level w/ large family room with custom wood burning fireplace and sliding doors to the covered deck. A great bonus room with pool table included in the sale. Additional space on this level includes laundry/utility room and finished storage room. Move to the main level and arrive in the open concept kitchen, dining, living room. A vaulted ceiling with skylights along with large windows flood this space with natural light. Large kitchen, w/ hickory LVP flooring, full of cabinets, matching black appliances and an island with plenty of countertop. Designated area for dining w/ sliding glass door that leads out to wrap-around deck. Main level bath w/ double vanity and primary bedroom with large walk-in closet also on the main level. The upper level provides an open loft, easily customized for a bedroom, library or office space. Large bedroom and 3-piece bath complete the layout. Attention to detail w/ Oak millwork, stair railings and solid wood doors. Recent updates include Sump Pump, HVAC, Water Heater, Softener, Roof and Gutters making this property move in ready condition. Possession @ Closing!

Last Agent to Sell the Property

Corey Mauder

Century 21 Scheetz - Bloomington Listed on: 01/17/2023

Century 21 Scheetz - Bloomington

Last Buyer's Agent

Jeffrey Franklin

FC Tucker/Bloomington REALTORS

FC Tucker/Bloomington REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,745

Year Built

  • Built in 1994

Lot Details

  • 3.01 Acre Lot
  • 155 Feet of Waterfront
  • Backs to Open Ground
  • Lot Has A Rolling Slope
  • Partially Wooded Lot

HOA Fees

  • $132 Monthly HOA Fees

Parking

  • Gravel Driveway

Home Design

  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 1.5-Story Property
  • Open Floorplan
  • Woodwork
  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • Wood Burning Fireplace
  • Self Contained Fireplace Unit Or Insert
  • Great Room

Kitchen

  • Kitchen Island
  • Laminate Countertops
  • Utility Sink
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Bathtub with Shower

Basement

  • Walk-Out Basement
  • Sump Pump

Home Security

  • Home Security System
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Sun Deck
  • Dock Rights
  • Lake Property
  • Lake, Pond or Stream
  • Balcony

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Private Company Owned Well
  • Well
  • Septic System
  • TV Antenna

Listing and Financial Details

  • Assessor Parcel Number 60-07-17-200-140.420-024

Community Details

Overview

  • Locust Lake Subdivision
  • RV Parking in Community

Amenities

  • Community Fire Pit

Recreation

  • Pier or Dock
  • Waterfront Owned by Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,745

Year Built

Built in 1994

Lot Details

0

HOA Fees

$132 per month

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 1994
  • Age: 29
  • Style: One and Half Story
  • Total Number of Rooms: 7
  • Total Number of Rooms Below Grade: 3
  • Bedrooms: 2
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: Locust Lake Lots 42,43,44,45
  • Parcel Number ID: 60-07-17-200-140.420-024
  • Platted: Yes
  • Amenities: Alarm System-Security, Antenna, Balcony, Ceiling-Cathedral, Ceiling Fan(s), Closet(s) Walk-in, Countertops-Laminate, Deck Open, Deck on Waterfront, Detector-Carbon Monoxide, Detector-Smoke, Disposal, Firepit, Kitchen Island, Natural Woodwork, Open Floor Plan, Skylight(s), Utility Sink, RV Parking, Tub/Shower Combination, Main Level Bedroom Suite, Great Room, Sump Pump
  • Location: Lake
  • Parcel Id2: 60-07-17-200-140.430-024
  • Sp Lp Percent: 100
  • Year Taxes Payable: 2023
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 2581
  • Total Finished Sq Ft: 2581
  • Above Grade Finished Sq Ft: 1629
  • Below Grade Finished Sq Ft: 952
  • Price Per Sq Ft: 177.41
  • Basement: Yes
  • Basement Foundation: Walk-Out Basement
  • Number Of Fireplaces: 1
  • Fireplace: Family Rm, Wood Burning, Fireplace Insert
  • Fireplace: Yes
  • Flooring: Carpet, Vinyl
  • Living Great Room: Dimensions: 19x12, On Level: Main
  • Kitchen: Dimensions: 19x14, On Level: Main
  • Family Room: Dimensions: 18x24, On Level: Lower
  • Bedroom 1: Dimensions: 16x11, On Level: Main
  • Bedroom 2: Dimensions: 19x11, On Level: Upper
  • Other Room1: Utility Room, Dimensions: 12x11, On Level: Lower
  • Loft: Dimensions: 15x12, On Level: Upper
  • Number of Main Level Full Bathrooms: 1
  • Total Below Grade Sq Ft: 952

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Shingle
  • Outbuilding1: None, Dimensions: 12x14
  • Lake Type: Non Ski Lake
  • Water Features: Boat Docking Rights, Pier/Dock, Assoc
  • Water Frontage: 155
  • Water Name: Locust Lake

Garage/Parking

  • Driveway: Gravel

Utilities

  • Cooling: Central Air
  • Heating Fuel: Forced Air
  • Sewer: Septic
  • Water Utilities: Well
  • Laundry: Dimensions: Lowerx14, On Level: 11
  • Water Type: Lake
  • Well Type: Private

Condo/Co-op/Association

  • Association Fees: 1580
  • Association Fees Frequency: Annually

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: Partially Wooded, Rolling, Waterfront
  • Estimated Lot Sq Ft: 131116
  • Estimated Lot Size Acres: 3.01

Tax Info

  • Annual Taxes: 1745.24
  • Exemptions: Homestead, Mortgage

Multi Family

  • Water Access: Frontage Lot

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
Jan 17, 2023
Closed on
Apr 10, 2023
Sold by
Casper J Anson J and Casper Carrie L
Bought by
Delima Annie
Seller's Agent
Corey Mauder
Century 21 Scheetz - Bloomington
Buyer's Agent
Jeffrey Franklin
FC Tucker/Bloomington REALTORS
List Price
$299,000
Sold Price
$289,000
Premium/Discount to List
-$10,000
-3.34%
Views
119
Current Estimated Value
$345,404

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,404
Avg. Annual Appreciation
7.49%
Original Mortgage
$100,000
Outstanding Balance
$97,451
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$247,953

Purchase Details

Listed on
Mar 30, 2015
Closed on
Jun 2, 2015
Sold by
Bransford Jeffrey J
Bought by
Casper J Anson J and Casper Carrie L
Seller's Agent
Joyce Stucky
Buyer's Agent
S. Allen Winkles
List Price
$180,000
Sold Price
$177,500
Premium/Discount to List
-$2,500
-1.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.39%
Original Mortgage
$174,272
Interest Rate
3.99%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 28, 2011
Sold by
Schrader Andrew F and Schrader Marjorie G
Bought by
Bransford Jeffrey J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,250
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 15, 2007
Sold by
Bemiller Gene R and Bemiller Shiela E
Bought by
Schrader Andrew F and Schrader Marjorie G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,493
Interest Rate
6.2%
Mortgage Type
FHA
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
Delima Annie $259,000 None Listed On Document
Casper J Anson J -- Chicago Title Company Llc
Bransford Jeffrey J -- None Available
Schrader Andrew F -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Delima Annie $100,000
Previous Owner Casper J Anson J $174,272
Previous Owner Bransford Jeffrey J $166,250
Previous Owner Schrader Andrew F $177,493
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2023 04/12/23 Sold $289,000 0.0% $112 / Sq Ft
02/20/2023 02/20/23 Price Changed $289,000 -3.3% $112 / Sq Ft
01/17/2023 01/17/23 For Sale $299,000 +68.5% $116 / Sq Ft
06/02/2015 06/02/15 Sold $177,500 -1.4% $66 / Sq Ft
03/30/2015 03/30/15 For Sale $180,000 -- $67 / 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 $1,820 $271,900 $18,400 $253,500
2023 $1,653 $245,800 $18,400 $227,400
2022 $1,670 $221,500 $18,400 $203,100
2021 $1,586 $193,100 $18,400 $174,700
2020 $1,497 $187,100 $18,400 $168,700
2019 $1,550 $183,100 $18,400 $164,700
2018 $1,557 $182,300 $16,500 $165,800
2017 $1,375 $168,400 $16,500 $151,900
2016 $1,310 $162,300 $16,500 $145,800
2014 -- $164,200 $16,500 $147,700
2013 -- $166,300 $16,500 $149,800
Source: Public Records

Agents Affiliated with this Home

  • Corey Mauder

    Seller's Agent in 2023

    Corey Mauder

    Century 21 Scheetz - Bloomington

    (812) 821-0290

    143 Total Sales

    Corey Mauder
    Section Image
  • Jeffrey Franklin

    Buyer's Agent in 2023

    Jeffrey Franklin

    FC Tucker/Bloomington REALTORS

    (812) 360-5333

    336 Total Sales

    Jeffrey Franklin
    Section Image

  • J

    Seller's Agent in 2015

    Joyce Stucky

    Section Image

  • S

    Buyer's Agent in 2015

    S. Allen Winkles

See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202301402

Indiana Regional MLS

APN: 60-07-17-200-140.430-024

Indiana Owen County Spencer 47433

7455 Locust Lake Dr E, Spencer, IN

This home is located at 7455 Locust Lake Dr E, Spencer, IN 47460 since 17 January 2023 and is currently estimated at $345,404, approximately $133 per square foot. This property was built in 1994. 7455 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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