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7544 Locust Lake Road

Spencer, IN 47460

ActiveListed Nov 11, 2026 · 1 day on market

Key facts

Beds
3
Baths
1 full
Living area
1,300 sqft
Lot
1 acres
Year built
1960
Type
Residential · Single Family Residence
Stories
One
Garage
2 spaces
MLS #
22134766
County
Owen
Subdivision
No Subdivision

About this home

Country living with room to spread out and plenty of potential! This 3 bedroom, 1 bath ranch home sits on a beautiful 1 acre setting surrounded by mature trees, offering a peaceful country atmosphere. Enjoy relaxing on the large covered front porch and take advantage of the additional storage and parking options, including a detached 2-car garage, enclosed carport, and storage shed. Several improvements have already been completed, including underground electrical service with no overhead wires, garage power now supplied directly from the house, a new toilet, a filled cistern, and a recently pumped septic system. The seller is also offering a home warranty for added peace of mind. This fixer upper is ready for someone with a vision to bring it to life with just a few finishing touches. Whether you're looking for your next project or an opportunity to create a home with your own personal style, this property is full of potential!

Description provided by the listing brokerage.

Price history

Every listing, price change and sale we have on record for this home.

DateEventPrice$/sq ft
Listed for sale$120,000$92 / sq ft

Properties displayed may be listed or sold by various participants in the MLS.

Information deemed reliable but is not guaranteed accurate.

© 2026 MIBOR REALTOR® Association

Based on information submitted to the Broker Listing Cooperative listing service as of November 12, 2026

Estimate your monthly payment

$747per month, estimated
Principal and interest $605Property tax $100Insurance $42
20% · $24,000
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax at 1.0% of price (Indiana homestead-capped at 1%), 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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Address
7544 Locust Lake Road, Spencer, IN 47460
County
Owen
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Listed at$120,000
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