NOT LISTED FOR SALE

7477 Locust Lake Rd Spencer, IN 47460

Estimated Value: $384,000 - $518,823

10 Acres
$44,571 Price per Acre
435,600 Sq Ft Lot

Last Sold August 25, 2021

Last sale price $149,900 $46 Per Sq Ft

Est. 197% increase in value since last sale

Current estimated payment $2,484/month

49 Days on Market

About This Lot

As of August 2021

The perfect building site in a country setting.
This is a secluded 10 acre tract of land on a paved road in Owen County. It features a 2 acre building site, ready for your dream home, as well as 8 acres of mature forest. The wooded portion is in an optional transferable forestry program that gives a significant tax break. This has a beautiful 50x62 barn with a partial concrete floor, electrical, 6x6 post frame construction, plywood exterior with metal siding and a shingled roof. Also has a 15x62 implement shed attached.

Last Listed By

Tyler Cox

RE/MAX Cornerstone License #RB14040711 Listed on: 04/24/2021

RE/MAX Cornerstone

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $9

Year Built

  • 2000

Lot Details

  • 10

Additional Features

  • 10 Acre Lot
  • Septic Needed

Property Details

Property Type

Land

Est. Annual Taxes

$9

Year Built

2000

Lot Details

0

Listing Details

  • Type: AgricLand
  • Property Sub Type: Residential Lots
  • Property Type: Land
  • New Construction: No
  • Tax Year: 2021
  • Co List Office Phone: 765-653-7070
  • Lot Size Acres: 10
  • Road Frontage Type: County Road
  • Road Surface Type: Asphalt
  • Subdivision Name: NO SUBDIVISION
  • Transaction Type: Sale
  • Special Features: None
  • Year Built: 2000

Interior Features

  • Possible Use: Agricultural, Residential
  • Sq Ft Main Upper: 0

Exterior Features

  • Disclosures: Not Applicable
  • List Price: 159900
  • Other Structures: Barn(s)
  • Topography: Level,Pasture
  • Road Access: CountyRd,Frontage Road
  • Water: NotApplic

Utilities

  • Sewer: Septic Needed
  • Solid Waste: 0

Lot Info

  • Current Use: Agricultural
  • Development Status: Plat Designed
  • Number Of Lots: 1
  • Parcel Number: 0
  • Zoning: agricultur
  • Acres: 10-20 Acres
  • Lot Number: 0
  • Lot Size: 435,600
  • Improvements: SeeRemarks
  • Land Characteristics: Rural,Rural Not in Subdivision,Mature Trees,Small Trees,Wooded
  • Potential Zoning: Agricultur,Single Family
  • Present Zoning: Agricultur
  • Price Acre: 15990

Tax Info

  • Semi Annual Property Tax Amt: 0
  • Tax Exemption: OtherTaxExemption/See Remarks

MLS Schools

  • School District: Cloverdale Community

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2021
Closed on
Jul 9, 2021
Sold by
Saunders Levi M
Bought by
Perry Levi Sanders and Sanders Ronda
Seller's Agent
Tyler Cox
RE/MAX Cornerstone
Buyer's Agent
Non-BLC Member
MIBOR REALTOR® Association
List Price
$159,900
Sold Price
$149,900
Premium/Discount to List
-$10,000
-6.25%
Total Days on Market
49
Current Estimated Value
$445,706

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$295,806
Avg. Annual Appreciation
34.35%

Purchase Details

Closed on
Jul 17, 2015
Sold by
Sanders Levi M and Sanders Tiffany L
Bought by
Sanders Levi M and Sanders Tiffany L

Purchase Details

Closed on
Jun 29, 2012
Sold by
Warner T Max T and Warner Gwendolyn A
Bought by
Sanders Levi M and Sanders Tiffany L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,969
Interest Rate
3.73%
Mortgage Type
Purchase Money Mortgage

Range of Values:

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Average Value
Not Available
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
Perry Levi Sanders -- None Available
Sanders Levi M -- Attorney
Sanders Levi M -- Chicago Title Company Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sanders Levi M $183,000
Closed Sanders Levi M $222,969
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2021 08/25/21 Sold $149,900 -6.3% $46 / Sq Ft
06/12/2021 06/12/21 Pending -- -- --
04/23/2021 04/23/21 For Sale $159,900 -- $50 / 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 $9 $600 $600 $0
2023 $2,314 $285,400 $0 $285,400
2022 $4,799 $293,900 $20,000 $273,900
2021 $295 $15,600 $700 $14,900
2020 $361 $18,300 $700 $17,600
2019 $324 $15,800 $700 $15,100
2018 $333 $15,800 $700 $15,100
2017 $344 $16,500 $600 $15,900
2016 $350 $17,300 $100 $17,200
2014 $343 $17,700 $100 $17,600
2013 -- $18,300 $100 $18,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21779617

MIBOR Broker Listing Cooperative®

APN: 60-07-07-304-110.000-021