Sheldon Barnes
For Sale — 7373 Locust Lake Road, Spencer, IN 474607373 Locust Lake Road
Spencer, Indiana 47460
No Subdivision
4
Beds
3
Baths
2,350
Sq Ft
1998
Year Built
10
Acres
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Sheldon Barnes is a Carmel realtor and licensed real estate agent serving Spencer, Indiana and the rest of Hamilton County. Book a private tour of 7373 Locust Lake Road, ask any question about this home, or talk through what you should know about buying in Spencer.
ABOUT THIS HOME
YOUR HOMESTEAD AWAITS!! Spanning 10 incredible acres, this property offers the perfect mix of 5 wooded acres for exploring and 5 cleared acres for open space and recreation. With two stocked ponds, you'll spend evenings fishing, mornings watching wildlife, and weekends enjoying everything nature has to offer right in your own backyard. The 4 bedroom, 3 full bath home provides plenty of space to gather, while offering the option of an attached in-law quarters make hosting guests effortless.The walk-out deck overlooks your stunning land and ponds, creating the perfect place for coffee at sunrise or unwinding at sunset. Recent updates bring peace of mind including a new roof, Rheem packaged HVAC system, and a 23kW Generac backup generator so you're prepared for anything. Whether you're fishing, riding trails, hosting friends, or simply soaking in the quiet beauty of the land, this property is truly the ultimate escape for outdoor lovers.
Key things to know
- 10 acres with two stocked ponds
- In-law quarters for guests or multi-generational living
- New roof, HVAC system, and 23kW backup generator
- Walk-out deck overlooking ponds and land
- Mixed wooded and open acreage for recreation
Monthly payment
Estimate · $415,000
$2,357/mo
≈ $2,209 principal & interest · $148 tax
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $83,000 on a loan of $332,000.
Price history
- Price reduced$425,000 → $415,000
Apr 14, 2026
- Listedat $450,000
Mar 6, 2026
Recent comparable sales
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3216 Hardscrabble Road
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$151,250
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Sold Apr 2026
$431,000
1458 River Road
4bd · 3ba · 2,440 sqft
Sold Apr 2026
$383,000
104 Pin Oak Road
3bd · 2ba · 1,927 sqft
Sold Mar 2026
$393,000
102 Pin Oak Road
3bd · 3ba · 2,133 sqft
Sold Mar 2026
Comparative value
5 comps in this range
This home is 8.4% above median for similar nearby sales.
Want to know anything specific? Ask about updates, finishes, the basement, the yard — I read the listing's photos, MLS data, and remarks and cite what I find.
FEATURES & AMENITIES
Interior
Climate
THE FACTS
Pricing trajectory, room-by-room layout, schools, and what's nearby.
Price history
$450,000Listed· Mar 6, 2026
$415,000Reduced
↓ $35,000 (7.8% off original)
40 days on market
Layout
Schools
Spencer-Owen Community Schools
Elementary
Gosport Elementary School
Middle
Owen Valley Middle School
High
Owen Valley Community High School
Neighborhood
- Downtown Indianapolis42.1 mi
- Zionsville Community HS48.2 mi
- Carmel Central Park51.3 mi
- Monon Trail (Carmel)52.5 mi
- Carmel High School53.0 mi
- Carmel Arts & Design District53.5 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
2,350 sq ft
Year Built
1998
Stories
One
Subdivision
No Subdivision
Bedrooms
4
Bathrooms
3 full
Garage
1 spaces
School District
Spencer-Owen Community Schools