$375,000

7373 Locust Lake Rd Spencer, IN 47460

$4,453
Closing credit¹
3 beds
2 full, 1 partial
10.0 acres
$181 / sqft
House

Property details

About 7373 Locust Lake Rd

Nestled in Northern Owen County, just minutes from Cloverdale, Spencer, and I-70, this beautiful 10-acre property offers the perfect balance of wooded privacy and open space. The land features two stocked fishing ponds and plenty of room for gardening, recreation, or enjoying the outdoors. Built in 1999, the ranch-style modular home includes 3 bedrooms and 2.5 baths, along with a spacious 16’x27’ bonus room—ideal for a home office, gym, or potential 4th bedroom—conveniently connected to a two-car garage. Step inside from the inviting front porch into a cozy living room that flows seamlessly into the kitchen, complete with a large center island. The open-concept layout continues into the designated dining area, which opens through sliding glass doors to a generous two-tiered deck—perfect for entertaining or relaxing while enjoying the scenic views. A dedicated owner’s suite, ample living space, and abundant outdoor possibilities make this a rare opportunity for country living with all the comfort of home. Sellers have replaced the HVAC system and added a metal roof within the last two years. Rest assured you will always have power with the 23kW Generac backup generator. Whether you're a gardener, outdoors enthusiast, or avid hunter, this property has something for everyone.

Highlights

Home typeSingle Family Residence
HeatingPropane, Heat Pump
StatusAccepting Backup Offers
(Cont-AccptngBackupOffers)
CoolingCentral Air
Lot size10 Acres
Year built1999
ParkingGravel
MLS #202518622
Attached garage2 spaces

Virtual tour

Summary

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Flooring Type: Carpet, Vinyl
  • Fireplace: None
  • Total Bedroom Count: 3
  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Gravel
  • Exterior: Vinyl
  • Architectural Style: Ranch
  • Heating: Propane, Heat Pump
  • Cooling: Central Air
  • List Price: $375,000
  • Price/SqFt: $180
  • Annual Tax Amount: $1,610
  • Tax Year: 2023
  • Lot: Wooded, Rolling/Hilly, Lake/Pond
  • Directions: GPS Friendly
  • Year Built: 1999
  • Lot Size: 10 Acres
  • MLS Number: 202518622
  • Office Name: Century 21 Scheetz - Bloomington
  • Office Phone: (812) 606-1908
  • Listing Agent: Corey Mauder

IDX 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: 6/12/2025, 11:45:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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7373 Locust Lake Rd, Spencer, IN 47460 - ranch-style house with a front lawn, a porch, an attached garage, and metal roof

$375,000

7373 Locust Lake Rd

$4,453

closing credit¹

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0.5% sale price²

Price information

Property sales

We're sorry, we currently don't have property sales data for this listing.

Tax history

YearAssessmentProperty Tax
2023$238,700$1,610
2021$153,200$1,208
2020$146,200$1,053
2019$134,500$1,095
2017$126,500$952

History based on county public records data.

Nearby schools

6

Gosport Elementary School

Public District PK-6

7.0 mi

9th St

4

Spencer Elementary School

Public District PK-6

7.6 mi

151 E Hillside Ave

6

Cloverdale Elementary School

Public District PK-4

8.0 mi

311 E Logan St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

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 most common type of family is married, no kids. Typical level of education for residents in this area is high school diploma.

How much money do the neighbors make?

21%
<35k
72%
35k-100k
5%
100k-200k
2%
200k+

What level of education do the neighbors have?

No High School
High School Diploma
Post Secondary Degree

What types of families live nearby?

34%
Single, No Kids
10%
Single, with Kids
35%
Married, No Kids
21%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

14%
<11 yrs old
9%
12-17 yrs old
15%
18-34 yrs old
47%
35-64 yrs old
15%
65+ yrs old

What do the neighbors do for fun?

  • NASCARNASCAR
  • HuntingHunting
  • Pro WrestlingPro Wrestling

Where do the neighbors shop?

  • Dollar GeneralDollar General
  • Academy Sports & OutdoorsAcademy Sports & Outdoors
  • Wal-MartWal-Mart

Where do the neighbors go to eat?

  • Hardee'sHardee's
  • Jimmy JohnsJimmy Johns
  • ApplebeesApplebees

What do the neighbors drive?

  • GMCGMC
  • ChevroletChevrolet
  • RamRam

What do the neighbors listen to?

  • Classic CountryClassic Country
  • New CountryNew Country
  • CountryCountry
All data provided by Home Junction and Claritas

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Frequently asked questions

About 7373 Locust Lake Rd

The listing price of 7373 Locust Lake Rd property is $375,000.

The property 7373 Locust Lake Rd is a house located in Spencer, Indiana, 47460.

Accepting Backup Offers: 7373 Locust Lake Rd is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

The nearby schools for 7373 Locust Lake Rd 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).

According to the records, the last property tax for 2023 is $1,610 (source: MLS/based on county public records data).

The property at 7373 Locust Lake Rd has 3 bedrooms and 2 full and 1 half bathrooms.

The year of construction for 7373 Locust Lake Rd is 1999.

This home is located at 7373 Locust Lake Rd in Spencer, IN and zip code 47460. This home, which was built in 1999, sits on a 10.00 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since May 20, 2025 and is currently priced at $375,000.

Over 2 listings were sold over their listed price in May 2025 in Spencer, IN. In the same period over 13 listings were sold below the listed price and 3 listings were sold for the listed price. Between April and May 2025, Spencer, IN real estate market has seen decrease in the number of listings by 2.9%. In May 2025, listings were on the market for 103 days. During the same period, the median list price in this real estate market was $277,500.

From Rocket Homes Real Estate and based on county public records data.

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