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$349,900 ↓$10,000on 3/26/2024

7244 W Locust Lake Drive Spencer, IN  47460

  • 3 Beds
  • 2 Baths
  • 2,762 sq. Ft

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Property Description for 7244 W Locust Lake 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 & lessthan an hour's commute to Indy, this picturesque retreat offers tranquility and convenience. Situated on a 1.9-acre lot w/ mature trees & landscaping, this brick ranchover 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 dockfor 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 endlessdays 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 & alimestone fireplace w/ coal burning insert, perfect for evenings by the fire. The open concept layout seamlessly transitions into the designated dining room, offering aperfect setting for dinners or entertaining guests. The kitchen is a chef's delight, featuring custom bead board cabinetry, white appliances, a farmhouse sink, granitecounters, & 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 fullbath, boasting a professionally tiled walk-in shower, adding a touch of luxury to your everyday routine. Venture downstairs to find additional living space, including athird bedroom, a den, another full bath, laundry space, & a utility room, providing ample space for storage needs. Outside, a screened porch beckons you to unwindand 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.

Address:7244 W Locust Lake Drive Spencer IN 47460
Status:Active
on site: 46 days
Price:$349,900
Bedrooms:3 Beds
Bathrooms:2 Full Baths
Sq. Feet:2,762
Year Built:1970
Lot Size:1.90
County: Owen
Township: Montgomery
MLS #:21967709
Property Type:Single Family Residence

Lot Dimensions:82764
Water Source:Private Well
Directions:GPS Friendly
Main Level Sq. Ft. :1,590
Total Sq. Ft. :2,762
Basement:Yes

Loan Price
$2,090
Price And Interest $1,825/month
Property Tax $119/month
MTG INS $0/month
HOME INS $146/month
Price
$349,900
Down Payment %
0 %
Down Payment
$0
Property Taxes
$119/month
Home Owner Insurance
$1,752 / year
HOA Dues
$37 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

DateOld PriceNew PricePercent Change
03/26/24 $359,900 $349,900 -2.78%

RoomSizeLevel
Living Room 21x19 Main
Dining Room 12x10 Main
Kitchen 16x12 Main
10x10 Main
Primary Bedroom 17x12 Main
Bedroom 2 12x12 Main
Bedroom 3 12x12 Main
Library 18x12 Basement

Semi-Annual Property Tax:$712
Tax Year:2023
Mandatory HOA Fee:$445
HOA Fee Paid:Annually

Area: 6006 - Owen - Montgomery
City:Spencer
Subdivision: Locust Lake
Zip Code:47460

Total Sq. Ft.:2,762
Interior Features:Built In Book Shelves, Tray Ceiling(s), Paddle Fan
Eating Area(s):Dining Combo/Kitchen
Appliances:Other
Exterior Type:Brick
Fireplace(s):Other
Cool:Central Electric
Heat:Electric, Forced Air
Water Heater:Other
Total Rooms:8
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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Schools in 7244 W Locust Lake Drive Spencer, IN  47460


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Listing provided courtesy of Michael Malone with CENTURY 21 Scheetz from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 02/19/2024 12:00 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.



Spencer Market Report

109
Avg. DOM
$170.92
Avg. $ / Sq.Ft.
$ 314,900
Med. List Price

The house prices in Spencer are indeed dropping at the moment. There has been a decrease in price of $13,571.43. 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 $295,000.00 and the average price per square feet is $174.59 per square feet. At the moment, the amount of homes listed is exactly 182 houses, with 36 with active status, 13 with pending status and 133 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 $2,336.20. 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 69 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 2423 minutes ago.

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

The cost of the most expensive home in Spencer is $1,390,000.00. 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 $115,000.00 . 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 1830 and the newest built house is in year 2024.

The average size of properties in Spencer is 2159.53 sq.ft. , the biggest one being 5836 sq.ft. and the smaller being 918 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.