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7477 Locust Lake,  Spencer IN, 47460 (Residential)

1 Half baths
Status: Active
MLS#: 201600479
1of
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Last Updated: 3/23/2019 3:17 PM
Description for 7477 Locust Lake Spencer, IN 47460
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!!***
Price
$139,900
Other
Owen County
1 Half
201600479
Active
Description
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!!***
Listing Information
Property Type: Other
1 Half
2000
Jennings//
Other
Neighborhood
School Information
District: Cloverdale Community Schools
CLOVERDALE CLOVERDALE CLOVERDALE
Room Information
Bathrooms
1
Interior Features
Slab
3
Exterior / Lot Features
Shingle
IRREGULAR
10 Acres
Irregular
Irregular
Driving Directions
From Bloomington, take IN 46 W to Spencer. Turn R on 231/67 North. Stay on Stay on highway 231 N to Locust Lake Rd.( 8.3 miles). Turn west on Locust Lake Rd. for 1.6 miles. Property is on the west side of road. Watch for sign.
Financial Considerations
60-07-07-304-110.00>
$315
Listing Price History
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Spencer Real Estate

Spencer is located in Indiana. Spencer, Indiana 47460 has a population of 2,271.

The median household income in Spencer, Indiana 47460 is $32,277. The median household income for the surrounding county is $44,684 compared to the national median of $53,482. The median age of people living in Spencer 47460 is 39.7 years.

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Courtesy: Kyla English - Lux Realty
This content last refreshed on 3/23/2019 3:17 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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