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7202 Locust Lake Road

Spencer, IN 47460

PendingListed Sep 21, 2026 · 0 days on market

Key facts

Beds
3
Baths
2 full
Living area
2,512 sqft
Lot
17 acres
Year built
1975
Type
Residential · Single Family Residence
Stories
One
Garage
4 spaces
MLS #
22127343
County
Owen
Subdivision
No Subdivision

About this home

Seller is in the process of removing vehicles and items on outside of the home but will be done very soon. This home on 17+/-acres with the magnificent views needs some TLC and is being sold AS IS but has the potential to be a jewel. Main home has 2 primary bedrooms and baths on main level with an unfinished great room area, or additional bedrooms overlooking the back deck that needs repair. Large sunroom area for sitting out on and enjoying. The partial basement has a second kitchen with dining, living room and bedroom. Large storage area in deep crawl area. 2Car-attached finished garage area. There is an additional home being used as a garage area but could be restored back to a one bedroom with garage. Above ground swimming pool and outside storage building. 17+/- wooded acres with possible timber and large open area for yard just makes this property the home you have been looking for! Convenient for Bloomington or Indianapolis or Terre Haute for commute. Please include AS IS addendums with offers.

Description provided by the listing brokerage.

Interior

Appliances
DishwasherMicroHoodRefrigerator
Interior features
Eat-in KitchenWalk-In Closet(s)
Basement
ApartmentFinished WallsWalk-Out Access
Rooms
10
Main-level bedrooms
2

Exterior

Construction
Vinyl Siding
Foundation
BlockCrawl Space
Style
Ranch
Parking and garage
AttachedDetached
Private pool
Yes

Systems

Heating
BaseboardOther – See Remarks
Cooling
Window Unit(s)
Water
Private

Lot and HOA

Lot features
Not In SubdivisionRural - Not SubdivisionWooded

Schools

Middle school
Owen Valley Middle School
High school
Owen Valley Community High School
School district
Spencer-Owen Community Schools

Taxes

Estimated annual tax
$2,408 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$1,817per month, estimated
Principal and interest $1,512Property tax $201Insurance $105
20% · $59,980
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$299,900
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