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$289,900 ↓$4,100on 9/3/2024

7266 Locust Lake W Drive Spencer, IN  47460

  • 3 Beds
  • 2 Baths
  • 1,776 sq. Ft

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Property Description for 7266 Locust Lake W Drive Spencer, IN 47460

Welcome to your move-in ready lakefront retreat, nestled in the serene and private Locust Lake community. This charming home offers a perfect blend of comfort and tranquility, making it an ideal haven for relaxation and recreation. The home features 3 cozy bedrooms (two on the main level and one on the lower level), 2 bathrooms, open concept living and dining area on the main level, and a large family room on the lower level! Enjoy the convenience of a large walk-out basement and an attached 2-car garage, perfect for storage and additional space. Step outside to a large covered deck, perfect for entertaining or enjoying quiet moments overlooking the lake. The property also boasts a shoreline dock and an anchored dock just a few feet off the shore, ideal for water enthusiasts. This home has been thoughtfully updated in the recent years to ensure comfort and reliability: New HVAC system, new roof, updated plumbing, new dock, new covered deck, water filtration system, and some cosmetic updates. There is more so inquire for a full list of updates and features. HOA is $435 annually and covers road maintenance, trash, lake maintenance, stocking the lake and has minimal restrictions!

Address:7266 Locust Lake W Drive Spencer IN 47460
Status:Active
on site: 43 days
Price:$289,900
Bedrooms:3 Beds
Bathrooms:2 Full Baths
Sq. Feet:1,776
Year Built:1965
Lot Size:0.32
County: Owen County
Township: Montgomery
School System : Spencer-Owen Community
MLS #:202427881
Property Type:Site-Built Home

Lot Dimensions:0.32
Lot Description:Slope,Waterfront
Directions:Heading West on 46, turn right onto 231/Fletcher Ave, 8 miles down turn left onto Locust Lake Road, 1 mile down veer right onto Locust Lake Drive, home will be down on the right.
Total Sq. Ft. :1,776
Garage:Attached
Basement:Yes

Loan Price
$1,668
Price And Interest $1,512/month
Property Tax $35/month
MTG INS $0/month
HOME INS $121/month
Price
$289,900
Down Payment %
0 %
Down Payment
$0
Property Taxes
$35/month
Home Owner Insurance
$1,452 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

DateOld PriceNew PricePercent Change
09/03/24 $294,000 $289,900 -1.39%
07/31/24 $300,000 $294,000 -2%

RoomSizeLevel
Master Bedroom 11 x 11 Main
2nd Bedroom 11 x 9 Main
3rd Bedroom 15 x 14 Basement
Kitchen 14 x 11 Main
Family Room 21 x 16 Basement
Dining Room 10 x 11 Main
Living Room 16 x 12 Main

Semi-Annual Property Tax:$210
Tax Year:2023 pay 2024
Mandatory HOA Fee:$

City:Spencer
Subdivision: Locust Lake
Zip Code:47460

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

Total Sq. Ft.:1,776
Appliances:Microwave, Refrigerator, Washer, Dryer-Electric, Range-Electric, Sump Pump
Exterior Features:Stone, Vinyl
Fuel:Forced Air, Propane Tank Rented
Fireplace(s):Dining Rm, Wood Burning, Fireplace Insert
Cool:Central Air
Heat:Forced Air, Propane Tank Rented
Total Rooms:9
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

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Listing provided courtesy of Sable Beyers with Beyers Realty

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

135
Avg. DOM
$167.11
Avg. $ / Sq.Ft.
$ 333,450
Med. List Price

The house prices in Spencer are indeed dropping at the moment. There has been a decrease in price of $35,951.26. 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 $365,000.00 and the average price per square feet is $168.64 per square feet. At the moment, the amount of homes listed is exactly 261 houses, with 47 with active status, 15 with pending status and 199 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 $2,241.45. 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 73 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 1577 minutes ago.

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

The cost of the most expensive home in Spencer is $650,000.00. 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 $69,900.00 . 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 1880 and the newest built house is in year 2024.

The average size of properties in Spencer is 2209.7 sq.ft. , the biggest one being 5538 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.