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(SOLD) $315,000

7244 Locust Lake West Drive Spencer, IN  47460

  • 3 Beds
  • 2 Baths
  • 2,190 sq. Ft

Property Description for 7244 Locust Lake West Drive Spencer, IN 47460

Welcome to this lakefront property nestled between Spencer & Cloverdale on the serene Locust Lake. Just a scenic 10-mile drive north of Spencer & less than an hour's commute to Indy, this picturesque retreat offers tranquility & convenience. Situated on a 1.9-acre lot w/ mature trees & landscaping, this brick ranch over basement invites you to make it your permanent residence or idyllic weekend getaway. Revel in your own private oasis w/a fenced backyard, a permanent dock for casting a line, and a beach area for lakeside relaxation. Plus, your waterfront experience is elevated with a pontoon boat included in the sale, promising endless days of leisurely exploration on the water. As you step inside, you'll be greeted by a spacious living room boasting a picture window framing the lake views & a limestone fireplace w/ coal burning insert, perfect for evenings by the fire. The open concept layout seamlessly transitions into the designated dining room, offering a perfect setting for dinners or entertaining guests. The kitchen is a chef's delight, featuring custom bead board cabinetry, white appliances, a farmhouse sink, granite counters, & a versatile island for culinary endeavors of any scale. Beyond the kitchen, discover the oversized family room, adorned with hardwood floors, tray ceiling, window seat, & intricate stone fireplace w/ a wood burning insert, flanked by built-in bookcases. The main level also hosts 2 bedrooms & a recently remodeled full bath, boasting a professionally tiled walk-in shower, adding a touch of luxury to your everyday routine. Venture downstairs to find additional living space, including a third bedroom, a den, another full bath, laundry space, & a utility room, providing ample space for storage needs. Outside, a screened porch beckons you to unwind and enjoy the peaceful surroundings, while the detached garage offers ample parking w/ 4 garage doors, stainless vent for future woodstove, additional porch, completing this exceptional property. Don't miss your chance to experience lakefront living at its finest.

Address:7244 Locust Lake West Drive Spencer IN 47460
Status:Sold
Sold On: 8/23/2024
Price:$339,900
Bedrooms:3 Beds
Bathrooms:2 Full Baths
Sq. Feet:2,190
Year Built:1970
Lot Size:1.90
County: Owen County
Township: Montgomery
School System : Spencer-Owen Community
MLS #:202405235
Property Type:Site-Built Home

Lot Description:Corner,Partially Wooded,Slope,Waterfront,0-2.9999,Water View,Waterfront-Medium Bank
Directions:From Spencer take 231 N for 8.2 miles and turn left on Locust Lake Road. Drive .9 mile and take a slight right onto Locust Lake Drive. At the Y take a slight left and the property will be on your right.
Total Sq. Ft. :2,190
Garage:Attached
Basement:Yes

Loan Price
$1,893
Price And Interest $1,643/month
Property Tax $119/month
MTG INS $0/month
HOME INS $131/month
Price
$315,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$119/month
Home Owner Insurance
$1,572 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

RoomSizeLevel
Master Bedroom 17 x 12 Main
2nd Bedroom 12 x 12 Main
3rd Bedroom 18 x 11 Basement
Kitchen 12 x 16 Main
Family Room 19 x 11 Main
Dining Room 10 x 12 Main
Living Room 21 x 19 Main
Den 18 x 12 Basement

Semi-Annual Property Tax:$712
Tax Year:2023 Payable 2024
Mandatory HOA Fee:$

City:Spencer
Subdivision: Locust Lake
Zip Code:47460

High School:Owen Valley
Middle School:Owen Valley
Elementary School:Gosport

Total Sq. Ft.:2,190
Appliances:Dishwasher, Microwave, Refrigerator, Cooktop-Electric, Kitchen Exhaust Hood, Oven-Built-In, Oven-Electric, Sump Pump, Water Filtration System, Water Heater Electric, Water Heater Tankless
Exterior Features:Brick, Vinyl, Limestone
Fuel:Electric, Forced Air
Fireplace(s):Family Rm, Living/Great Rm, Wood Burning
Cool:Central Air
Heat:Electric, Forced Air
Total Rooms:7
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

Listing provided courtesy of Corey Mauder with Century 21 Scheetz - Bloomington

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than F.C. Tucker Company include the name of the listing IDX broker. This 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. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.





Spencer Market Report

207
Avg. DOM
$176.4
Avg. $ / Sq.Ft.
$ 275,000
Med. List Price

The house prices in Spencer are indeed dropping at the moment. There has been a decrease in price of $77,215.79. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

The housing market and house prices in Spencer are going Down. The average house price is $267,445.00 and the average price per square feet is $171.71 per square feet. At the moment, the amount of homes listed is exactly 160 houses, with 36 with active status, 18 with pending status and 106 sold in Spencer .

The most popular place to buy a home in Spencer is 6010 - Owen - Washington. 6010 - Owen - Washington is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in Spencer .

The average amount of property taxes you would have to pay for a home in Spencer is $1,919.00. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.

Properties in Spencer are staying listed for an average of 71 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.

The last home listed in Spencer was 12051 minutes ago.

At the moment we have 0 open houses that you can visit.

The cost of the most expensive home in Spencer is $997,500.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.

The cost of the cheapest home in Spencer is $95,000.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.

The date of the oldest built home in Spencer in year 1906 and the newest built house is in year 2024.

The average size of properties in Spencer is 1908.36 sq.ft. , the biggest one being 4455 sq.ft. and the smaller being 540 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.