Listing courtesy of Century 21 Scheetz - Bloomington · Listing agent: Corey Mauder · Cell: 812-606-1908
7266 Locust Lake West Drive
Spencer, IN 47460Locust Lake
Original price $289,900 · Price reduced on August 22, 2026
- On Locust Lake
- 2-car garage
- Fireplace
- Basement
- Bedrooms
- 3
- Bathrooms
- 2
- Living area
- 1,776 sq ft
- Lot
- 0.32 ac
- Year built
- 1965
- Type
- Site-Built Home
- Listed
- July 31, 2026
- MLS #
- 202631085
About this home
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.
Monthly payment estimate
$1,687/mo
- Principal & interest
- $1,559
- Property taxes
- $45
- Homeowners insurance
- $83
- Rate: Freddie Mac's 30-year fixed average for the week of October 1, 2026.
- Taxes: the seller's 2025 bill as reported to the MLS. Yours may differ once your own deductions apply.
- Insurance: estimated at 0.35% of the price per year.
- An estimate, not a loan offer. Your rate and payment depend on your credit, loan program and down payment.
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Property details
Interior
- Levels
- One
- Total rooms
- 6
- Total area
- 1,776 sq ft
- Finished area above grade
- 888 sq ft
- Finished area below grade
- 888 sq ft
- Below grade total
- 888 sq ft
- Bedrooms above grade
- 2
- Bedrooms below grade
- 1
- Full baths, main level
- 1
- Full baths, below grade
- 1
- Basement
- Sump Pump, Walk-Out Basement, Finished
- Flooring
- Hardwood, Concrete, Vinyl
- Heating
- Forced Air, Multiple Heating Systems, Propane Tank Rented
- Cooling
- Central Air, Multiple Cooling Units
- Fireplaces
- 1
- Fireplace features
- Dining Room, Wood Burning Stove
- Laundry
- Lower Level
- Interior features
- Ceiling Fan(s), Countertops-Laminate, Detector-Carbon Monoxide, Detector-Smoke, Generator Ready, Open Floorplan, Tub/Shower Combination
Exterior & parking
- Style
- Ranch
- Construction
- Vinyl Siding
- Roof
- Shingle
- Foundation
- Block
- Garage spaces
- 2
- Attached garage
- Yes
- Garage type
- Attached
- Garage sq ft
- 644 sq ft
- Parking
- Garage Door Opener, Concrete
- Private pool
- No
- New construction
- No
Waterfront & lake
- Waterfront
- Yes
- Body of water
- Locust Lake
- Waterfront features
- Boat Docking Rights, Pier/Dock, Association Access
- Water access
- Lakefront
- Lake type
- Non Ski Lake
- Water frontage
- 150 ft
- Water feature
- Lake
Lot
- Subdivision
- Locust Lake
- Lot features
- Sloped, Waterfront, 0-2.9999
- Lot size (acres)
- 0.32 ac
- Lot dimensions
- 0x0
- Location type
- Rural Subdivision
- County
- Owen County
- Township
- Montgomery
- Platted
- Yes
- Planned unit development
- No
- Directions
- GPS Friendly
Schools
- Elementary school
- Gosport
- Middle school
- Owen Valley
- High school
- Owen Valley
- School district
- Spencer-Owen Community Schools
Taxes & terms
- Annual taxes
- $542
- Tax year
- 2025
- Tax exemptions
- Homestead
- Listing terms
- Cash, Conventional, FHA, USDA Loan, VA
- Possession
- Negotiable
- Parcel number
- 60-07-17-200-140.021-024
Included in the sale
- Included in sale
- Microwave,Refrigerator,Window Treatments,Dryer-Electric,Range-Electric,Sump Pump,Water Heater Electric
Utilities
- Water
- Well
- Well
- Private
- Sewer
- Septic Tank
- Electric provider
- South Central REMC
Location
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