Property details
About 7228 Locust Lake E Dr
Two wooded lots totaling 0.84 of an acre are located in the quiet Locust Lake community just north of Spencer. With partial views of the water from across the road, this property offers an ideal setting for a future home or weekend getaway. A driveway has already been installed, and a perk test for septic has been completed and is on record, making the property ready for development. Electricity is available at the road, and high-speed internet is offered through REMC. While the property is not lakefront, ownership includes access to the community dock and the ability to leave a boat tied up. Locust Lake is a well-stocked, man-made lake that allows electric motorboats only, perfect for peaceful fishing or relaxing time on the water. HOA dues are paid annually in August. Whether you're ready to build or simply want a tranquil escape, this 0.84-acre property is a wonderful opportunity to enjoy lake life in a natural, wooded setting.
Highlights
Virtual tour
Summary
- Waterfront: Dock Access, Water Access
- List Price: $24,900
- HOA Amount: $820 Annually
- Directions: GPS Friendly, when entering the lake community stay to the right for East Drive property is on the right after crossing the dam.
- Lot Size: 0.84 Acres
- MLS Number: 202512366
- Office Name: Century 21 Scheetz - Bloomington
- Office Phone: (812) 606-1908
- Listing Agent: Corey Mauder
The data on this website relating to real estate for sale comes in part from the Internet Data Exchange (IDX) program of the Indiana Regional MLS (IRMLS). IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. ©2011-2025 Indiana Regional MLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/30/2025, 2:20:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$24,900
7228 Locust Lake E Dr
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Price information
Property sales
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Nearby schools
6
Gosport Elementary School
Public District PK-6
6.5 mi
•9th St
4
Spencer Elementary School
Public District PK-6
7.3 mi
•151 E Hillside Ave
6
Cloverdale Elementary School
Public District PK-4
8.2 mi
•311 E Logan St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $47,158. The majority of Spencer, IN residents have income between $35k-100k annually. The majority of families are married, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
NASCAR
Hunting
Pro Wrestling
Where do the neighbors shop?
Dollar General
Academy Sports & Outdoors
Wal-Mart
Where do the neighbors go to eat?
Hardee's
Jimmy Johns
Applebees
What do the neighbors drive?
GMC
Chevrolet
Ram
What do the neighbors listen to?
Classic Country
New Country- Country
Frequently asked questions
About 7228 Locust Lake E Dr
The listing price of 7228 Locust Lake E Dr property is $24,900.
The property 7228 Locust Lake E Dr is land located in Spencer, Indiana, 47460.
Active Listing: 7228 Locust Lake E Dr is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 7228 Locust Lake E Dr are: Gosport Elementary School (GreatSchools Rating 6/10), Spencer Elementary School (GreatSchools Rating 4/10), Cloverdale Elementary School (GreatSchools Rating 6/10), Owen Valley Middle School (GreatSchools Rating 6/10), Cloverdale Middle School (GreatSchools Rating 5/10), South Putnam Middle School (GreatSchools Rating 7/10), Owen Valley Community High School (GreatSchools Rating 4/10), Cloverdale High School (GreatSchools Rating 5/10), Eminence Jr-Sr High School (GreatSchools Rating 3/10).
This home is located at 7228 Locust Lake E Dr in Spencer, IN and zip code 47460. This home sits on a 0.84 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since April 11, 2025 and is currently priced at $24,900.
Over 1 listings were sold over their listed price in April 2025 in Spencer, IN. In the same period over 6 listings were sold below the listed price and 3 listings were sold for the listed price. The number of listings in Spencer, IN increased by 17.7% between March and April 2025. Listings spent 84 days on the market in April 2025, and had a median list price of $300,000 during the same period.