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!!***
† Based on a 30-year fixed rate of 3.38% 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.
located at 7477 Locust Lake Road, Spencer, IN
is currently for sale.
7477 Locust Lake Road, Spencer is listed
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