Steve Weldy

7266 Locust Lake West Drive

Spencer, IN
$ 284,900 Beds 3 Baths 2 Sq 1,776 Virtual Tour
Monthly Estimate* How much can I afford?

Experience peaceful lakefront living in the desirable Locust Lake community, conveniently located in northern Owen County just minutes from I-70. This meticulously maintained sandstone ranch offers picturesque water views, thoughtful updates, and a move-in-ready interior designed for comfortable everyday living and entertaining. Offering 1,776 square feet of finished living space, this home features three bedrooms and two full bathrooms. The main level showcases an inviting open-concept living, dining, and kitchen area where a stunning floor-to-ceiling stone fireplace with a wood-burning insert creates a warm focal point. Just off the main living space, a spacious covered deck extends your living area outdoors, providing the perfect setting for dining, relaxing, or taking in the peaceful lake views. Two main-level bedrooms feature beautiful hardwood floors and are served by a full bathroom conveniently located on the main floor. The finished walkout lower level adds exceptional flexibility with a spacious family room, a large third bedroom, a full bathroom, and a dedicated laundry room. An attached two-car garage with attic storage offers ample room for vehicles, tools, and seasonal items. Recent improvements provide added value and peace of mind, including a new well, a newer HVAC system with an energy-efficient mini-split serving the lower level, roof, well pump, sump pump, dock, and covered rear deck. Step outside to enjoy your private lakefront setting, whether relaxing by the water, casting a line from the dock, or exploring the electric motor-only lake. Locust Lake offers an affordable homeowners association with annual dues of less than $450. Ideally located near Cataract Falls, Cataract Lake, and McCormick's Creek State Park, this property provides convenient access to boating, fishing, hiking, and a variety of outdoor recreation opportunities while remaining just minutes from Interstate 70 for an easy commute.

Single Family

  • Price
  • $ 284,900
  • City
  • Spencer
  • Bedrooms
  • 3
  • Full Bathrooms
  • 2
  • County
  • OWEN
  • Half Bathrooms
  • 0
  • Area
  • Montgomery
  • Lot Size
  • 0.32 Acres
  • Zip
  • 47460
  • Sqr Footage
  • 1,776
  • Year Built
  • 1965
  • Taxes
  • $ 542
  • Style
  • Ranch
  • MLS#
  • 202631085
Listed By: Corey Mauder with Century 21 Scheetz - Bloomington; Cell: 812-606-1908
Data Source: Indiana Regional MLS (IRMLS)

Features

General

Sewer Septic
Heating Forced Air,Multiple Heating Systems,Propane Tank Rented
Kitchen Level Main
Cooling Central Air,Multiple Cooling Units
Laundry Y/N Lower
Fireplaces Yes
Water Access Type Lakefront
Garage Attached
Amenities Ceiling Fan(s),Countertops-Laminate,Deck Covered,Detector-Carbon Monoxide,Detector-Smoke,Garage Door Opener,Generator Ready,Open Floor Plan,Porch Open,Tub/Shower Combination,Sump Pump
Status Active
Full Baths 2
Bathrooms 2
Year Built 1965
New Construction No
Subdivision Locust Lake
Style One Story
Township Montgomery
Class RESIDENTIAL
Type Site-Built Home
Age 61
FIPS Code 18119
Associated Document Count 2
REO No
Status Active
Auction Y/N No
Dining Room Level Main
Annual Taxes 542.46
Area Owen County
Location Rural Subdivision
High School Owen Valley
City Spencer
School District Spencer-Owen Community Schools
Assoc. Dues Frequency Not Applicable
Architectural Style Ranch
Total Sq Ft 1776
Elementary School Gosport
Middle School Owen Valley
Legal Description Locust Lake Lot 2
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202631085
Agent First Name Corey
Agent Last Name Mauder
DOM 40
Tax Year 2025 Payable 2026
PROPOSED FINANCING Cash,Conventional,FHA,USDA,VA

Interior Features

Basement Walk-Out Basement,Finished
Fireplace(s) 1
Flooring Hardwood Floors,Concrete,Vinyl
Kitchen Length 14
Laundry Room Width 11
Laundry Room Length 11
Kitchen Width 12
Beds 3
Total Rooms 6
Dining Room Length 10
Dining Room Width 11
Fireplace Dining Rm,Wood Burning Stove
Family Room Width 16
Living Room Width 16
Family Room Length 25
Living Room Length 11
Full Baths Main 1
Total Finished SqFt 1776
Basement Y/N Yes
Above Grade Bedrooms 2
Below Grade Baths 1
Below Grade Bedrooms 1
Full Baths Below Grade 1
1st Bedroom Level Lower
1st Bedroom Width 11
2nd Bedroom Length 12
2nd Bedroom Level Main
2nd Bedroom Width 11
3rd Bedroom Length 12
3rd Bedroom Level Main
3rd Bedroom Width 9
Above Grade Finished SqFt 888
Below Grade Finished SqFt 888
Living/Great Rm Level Main
Basement Material Block

Exterior Features

Exterior Vinyl
Water Frontage 150
Driveway Concrete
Pool No
Waterfront Lake
Garage Length 28
Garage Width 23
Lot Size Area 13939
Lot Description Slope,Waterfront,0-2.9999
Fence None
Garage SqFt 644
Water Features Boat Docking Rights,Pier/Dock,Assoc
Well Type Private
Water Name Locust Lake
Approx. Lot Size Acres 0.32
Garage Capacity 2
ROOF MATERIAL Shingle
Lake Non Ski Lake
Waterfront Y/N Yes
Garage Y/N Yes

Amenities

  • Foreclosure
  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the South Bend, IN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Gosport Elementary School
Middle School Owen Valley Middle School
High School Owen Valley High School

Price History

8/1/2026 Listed $289,900
8/23/2026 2% - $284,900

Property vs Zip Code Average in 47460

Price
AVG $440K
$280K
Taxes
AVG $2,012
$542
Year Built
AVG 1982
1965
Visits
AVG 74
20
Data Provided by Inside Real Estate®

Areas That We Cover

7266 Locust Lake West Drive Spencer, IN is a Single Family Home for sale at $284900 with 1776 sqft and a lot size of 0.32 Acres Acre(s). 7266 Locust Lake West Drive Spencer has 3 bedrooms, 2 baths and was built in 1965. The property's zip code is 47460 which is in Spencer, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.

Steve Weldy

Steve Weldy

574-286-3210

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