NEW 5 HRS AGO

For sale

$120,000

Est. $739/mo —

•

1,300

sq ft

7544 Locust Lake Rd, Spencer, IN 47460

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!

Single-familyProperty Type

1960Year Built

1 acresLot Size

$92Price/Sq.Ft.

2 car garageParking

Listed by Sherri Walstrom • Carpenter, REALTORS®

Listing updated: Nov 11, 2026 at 06:27pm

Redfin checked: a few seconds ago

•Source:MIBOR as Distributed by MLS Grid #22134766

Payment calculator

$739 per month

Principal and interest$655

Property taxes

$26

HOA dues

Home insurance

$58

Utilities

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Around this home

Schools

K - 12
Preschool & daycare

Cloverdale Middle School

Public 5-8 • Assigned • 7.6mi

6/10

Cloverdale High School

Public 9-12 • Assigned • 7.7mi

9/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Market insights

7544 Locust Lake Rd · $120,000

DAYS ON MARKET

The average home goes pending in 53 days.

SALE-TO-LIST

Most homes are selling 4% below list price.

LIST PRICE

Median sale price in this area is $237,724. (98% higher than this home)

PRICE DROP

28% of homes in this area have had a price drop in the past month.

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Living

Interior features
Eat-in kitchen

Bedrooms
Three bedrooms, all on the main level

Bathrooms
One full bathroom

Laundry & utility
Main-level laundry room
Washer and dryer

Heating & cooling
Natural gas and propane heating
Central air conditioning

Sale and tax history for 7544 Locust Lake Rd

Sale History
Tax History

Year

Property tax

Land + Additions

Assessment*

2024

$358 (+9.4%)

$20,000 + $89,300

$109,300

2023

$328 (−0.9%)

$20,000 + $84,400

$104,400

2022

$331 (+410.8%)

$20,000 + $81,600

$101,600

2021

$65 (+1.4%)

$20,000 + $55,700

$75,700

2020

$64 (−14.5%)

$18,000 + $56,700

$74,700

2019

$75 (+10.6%)

$16,000 + $54,400

$70,400

2018

$67 (−0.4%)

$16,000 + $52,400

$68,400

2017

$68 (+4.2%)

$16,000 + $52,600

$68,600

2016

$65 (+44.4%)

$16,000 + $52,600

$68,600

2015

$45 (+73.1%)

$16,000 + $48,600

$64,600

2013

$26

$16,000 + $45,600

$61,600

Public record

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

1 Acre

Year renovated

1960

Finished Sq. Ft.

1,300

Unfinished Sq. Ft.

—

Total Sq. Ft.

1,300

Year built

1900

Style

Single Family Residential

County

Owen County

APN

600707400240000021

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 9, 2026.

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 102° expected this year, 19 days in 30 years

2/10 Wind Factor

1% chance of strong winds in next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 2 days in 30 years

Provided by First Street

Historical weather

Spencer, IN • 47460

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

98/ 100

Exceptional sunlight

Sunscore

This home ranks in the top 29% for direct sun exposure in Spencer. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

10.5 hrs

6.7 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 7544 Locust Lake Rd

We cannot show automated home-value estimates for this home.

Nearby homes have recently sold between $90,500 and $395,000.

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $91K to $395K.

SOLD AUG 11, 2026
$200,000 Last sold price
3 beds1.5 baths1,200 sq ft
6472 N US Hwy 231 Hwy, Spencer, IN 47460
$75/sq ft
36 years newer
SOLD OCT 20, 2026
$168,000 Last sold price
2 beds1 bath1,408 sq ft
378 W Hillside Ave, Spencer, IN 47460
$27/sq ft
smaller lot
60 years older
SOLD AUG 17, 2026
$243,000 Last sold price
3 beds2 baths1,248 sq ft
1012 W Acres Dr, Spencer, IN 47460
$103/sq ft
larger lot
35 years newer
SOLD SEP 4, 2026
$90,500 Last sold price
2 beds1 bath894 sq ft
5158 Orange Grv, Gosport, IN 47433
$9/sq ft
smaller lot
20 years older
SOLD APR 10, 2026
$164,000 Last sold price
3 beds2 baths1,185 sq ft
11380 Oak Grove Church Rd, Poland, IN 47868
$46/sq ft
smaller lot
15 years newer
SOLD OCT 1, 2026
$395,000 Last sold price
3 beds2 baths1,404 sq ft
3320 Pine Wood Dr, Spencer, IN 47460
$189/sq ft
larger lot
18 years newer

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EARLY ACCESSREDFIN COMING SOON

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Details provided by MIBOR as Distributed by MLS Grid and may not match the public record. Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Payment calculator

Affordability tools

See this home in person

Nearby open houses (2)

Interested in buying?

Around this home

Schools

Lifestyle

Market insights

Property details

Sale and tax history for 7544 Locust Lake Rd

Public record

Climate risks

Historical weather

Sun exposure

Redfin Estimate for 7544 Locust Lake Rd

Early Access listings

Nearby similar homes

New listings for sale in 47460

More real estate resources