$139,900
1 half baths 3,224 sq. ft.
39.4 -86.7855
FOR SALE

7477 Locust Lake Road Spencer, IN 47460

$139,900
Est. Monthly $711 recalculate
1 half baths 3,224 sf
 

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CENTURY 21 Scheetz
270 East Carmel Drive
Carmel, IN 46032
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317.­844.5111
CENTURY 21 Scheetz
270 East Carmel Drive Carmel, IN 46032
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7477 Locust Lake Road
Spencer, IN 47460

Explore This Property

Farm/Ranch - This is a must-see remarkable 10 acres of land, alongside a 50 x 62 barn! The square footage noted in the unfinished above grade does not include an area that is covered for implement storage and is an additional 744 square feet in size (see pictures). This unique property offers buyers the ultimate secluded, yet conveniently located property. The spacious barn has a partial loft, electric, 6 x 6 post construction, shingled roofing and metal siding. The land is classified forest and the transfer can be renewed (or not) for new buyers. This transfer offers buyers a significant tax break! The 10 acres being sold are being taken out of a larger tract so a new survey and legal description will be furnished to the new owner. The new owner can select the 10 acres to be sold and the acreage conveyed to the new owner can have all pasture or all woods or a combination of both. Great opportunity to a new owner. The buyer can construct a new home on the property or perhaps convert the barn currently on the property to a residence. The possibilities are endless. Weddings and other family events have already been conducted in the barn by the current owner. SPECIAL NOTE: the MLS system requires that a half bath must have a number in the blank space so we have entered the number 1, however, this listing does not have a bath of any kind. The MLS contractor is trying to correct this input error. ***Update: Seller is also willing to sell barn + 20 acres for $200,000.00!!***
MLS # 201600479
Courtesy Of Lux Realty

Property Features

  • Age: 11-20 Years Old
  • Architecture Style: Other
  • Exterior Type: Metal
  • Heating Fuel: None
  • Lot Size: 10 Acres
  • Roof Type: Composition Shingle
  • Rooms: Half Bath

  • Purchase or Lease Opportunities

    Traditional Mortgage
    30 year mortgage at 4.75% APR
    $711Your estimated monthly payment
    $27,98020% Down Payment
    $139,900 $125,910
    purchase price loan amount
    Explore Mortgage Options
    Program Details
    *Neither Century 21 Real Estate LLC nor any of its franchisees or other affiliated companies provides, or is in any way responsible, for any product or service offered by Home Partners of America.

  • Elementary School
    CLOVERDALE ELEMENTARY SCHOOL
    Grades PRESCHOOL-4 | Public School

    CLOVERDALE, IN 46120
    311 E LOGAN ST
    765-795-4339
    7.6
    miles

    Total Students 425
    Student Teacher Ratio 15:1

    School Rating

    2 stars View School Details
    Middle School
    CLOVERDALE MIDDLE SCHOOL
    Grades 5-8 | Public School

    CLOVERDALE, IN 46120
    312 E LOGAN ST
    765-795-2900
    7.6
    miles

    Total Students 385
    Student Teacher Ratio 14:1

    School Rating

    3 stars View School Details
    High School
    CLOVERDALE HIGH SCHOOL
    Grades 9-12 | Public School

    CLOVERDALE, IN 46120
    205 E MARKET ST
    765-795-4203
    7.7
    miles

    Total Students 386
    Student Teacher Ratio 13:1

    School Rating

    2 stars View School Details

    Local Area Information for Spencer, IN 47460

    Median Age: 43.2
    Married: 46.8%
    Number of Households: 4,502
    Households with Children: 1,221
    • Occupancy Types
      • 0 Vacant
      • 0 Owned
      • 0 Rented
    • Transportation to Work
      • 0 Drive
      • 0 Public Transportation
      • 0 Walk / Bike / Other
      • 0 Work at Home
    (in Degrees Fahrenheit)
      Visit Area Info Page

      Copyright © 2017 Bloomington MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is 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.
      Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% 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. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
      Sources: Maponics, LLC and Onboard Informatics ©2016. School Performance data by SchoolDigger.com. School Review data by Niche.com. This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
      The Farm/Ranch located at 7477 Locust Lake Road, Spencer, IN 47460 is currently for sale. 7477 Locust Lake Road, Spencer is listed for $139,900. This property has 1 half bathrooms, and approximately 3,224 square feet. If the property located at 7477 Locust Lake Road, Spencer, IN isn't what you're looking for, search Indiana real estate to see other houses for sale in Spencer.