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(SOLD) $245,000

7409 Locust Lake West Drive Spencer, IN  47460

  • 3 Beds
  • 2 Baths
  • 1,758 sq. Ft

Property Description for 7409 Locust Lake West Drive Spencer, IN 47460

Welcome to the serene allure of lakeside living at Locust Lake, where your dream home awaits! Nestled between the charming communities of Spencer and Cloverdale, this picturesque residence offers a perfect blend of tranquility, convenience, and natural beauty, just a scenic 10-mile drive north of Spencer and less than an hour's commute to Indy. Discover the essence of retreat as you step into this adorable home, situated on almost an acre of lush wooded landscape, providing a sense of seclusion without sacrificing proximity to local amenities. The property boasts a 23x34 insulated pole barn, perfect for storage, hobbies, or even converting into a workshop - the possibilities are as vast as the surrounding scenery. Whether you're seeking a permanent residence or an idyllic weekend getaway, this home seamlessly caters to both lifestyles. The 1st-floor master bedroom is a haven of comfort, featuring a master bath, walk-in closet, and convenient outdoor access to the deck - the perfect spot to enjoy your morning coffee or bask in the tranquility of Lucust Lake. The heart of the home, the fully furnished kitchen, is adorned with beautiful custom-made countertops, providing both functionality and style. With numerous cosmetic upgrades throughout, this residence reflects a commitment to quality and attention to detail. Practical amenities include an all-electric setup, ensuring energy efficiency, and the added bonus of fiber optic internet connectivity for seamless communication and entertainment. Don't miss the opportunity to make this lakeside retreat your own. Lucust Lake beckons, and this charming home is ready to embrace you with its unique blend of comfort, convenience, and natural beauty. Act now and seize the chance to turn your dream of lake living into a reality!

Address:7409 Locust Lake West Drive Spencer IN 47460
Status:Sold
Sold On: 5/10/2024
Price:$249,000
Bedrooms:3 Beds
Bathrooms:2 Full Baths
Sq. Feet:1,758
Year Built:1992
Lot Size:0.85
County: Owen
Township: Montgomery
MLS #:21967443
Property Type:Single Family Residence

Lot Dimensions:37026
Lot Features:Mature Trees, Wooded
Water Source:Private Well
Directions:GPS Friendly
Main Level Sq. Ft. :882
Upper Level Sq. Ft. :576
Total Sq. Ft. :1,758
Basement:Yes

Loan Price
$1,492
Price And Interest $1,278/month
Property Tax $112/month
MTG INS $0/month
HOME INS $102/month
Price
$245,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$112/month
Home Owner Insurance
$1,224 / year
HOA Dues
$29 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

RoomSizeLevel
Primary Bedroom 12x15 Main
Dining Room 12x11 Main
Kitchen 11x10 Main
6x9 Main
Primary Bedroom 12x15 Main
Bedroom 2 12x15 Upper
Loft 7.5x12 Upper
Office 8x8.5 Upper

Semi-Annual Property Tax:$670
Tax Year:2023
Other Disclosures:None, Not Applicable
Mandatory HOA Fee:$350
HOA Fee Paid:Annually

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

Total Sq. Ft.:1,758
Interior Features:Attic Access, Paddle Fan, Walk-in Closet(s)
Interior Area(s):Bedroom Other on Main
Eating Area(s):Dining Combo/Kitchen
Appliances:Electric Cooktop, Electric Water Heater, Microwave, Electric Oven, Refrigerator, Water Heater, Water Softener Owned
Equipment:Smoke Alarm, Sump Pump
Exterior Features:Barn Pole, Out Building With Utilities
Exterior Type:Vinyl Siding
Fuel:No Fuel Source
Cool:Central Electric
Heat:Electric
Water Heater:Electric Cooktop, Electric Water Heater, Microwave, Electric Oven, Refrigerator, Water Heater, Water Softener Owned
Total Rooms:9
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

Schools in 7409 Locust Lake West Drive Spencer, IN  47460


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Listing provided courtesy of Toby Lewis with United Real Estate Indpls from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 03/11/2024 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 2421 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.