NOT LISTED FOR SALE

5198 Ledgewood Dr Commerce Township, MI 48382

Estimated Value: $683,000 - $861,000

5 Beds
4.5 Baths
2,728 Sq Ft
$275/Sq Ft Est. Value

Last Sold October 16, 2020

Last sale price $485,000 $178 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $4,672/month

22 Days on Market

Highlights

  • Dock Facilities
  • In Ground Pool
  • Deck
  • Beach Access
  • Colonial Architecture
  • Corner Lot

About This Home

As of October 2020

Amazing Lake Sherwood 5 Bedroom, 4 1/2 baths. This home truly has it all! Boat slip on Lake Sherwood and its own private pool perfectly situated on a corner lot. Beautiful, open white kitchen with granite counter-tops, hardwood floors, center island and eat-in dining area. Formal dining room. Large great room features a gas fireplace with an open floor plan to kitchen and sliding glass door to the pool. Three 2nd floor bedrooms feature walk in closets and en-suite bathrooms. Bright and open walkout lower level with a second kitchen including stove, mini refrigerator, microwave, and dishwasher. Lower level also features two bedrooms and bathroom. Huge 3 1/2 car garage including an RV garage. Ample storage in attic. Check out the Lake Sherwood website for all the family activities. This home will not disappoint and is a rare find. Updates include: new water heater 2020 and roof 2016. BATVAI--

Last Agent to Sell the Property

Heidi Norris

The Brand Real Estate License #6501374430 Listed on: 08/09/2020

Last Buyer's Agent

Daryl Cross

EXP Realty LLC License #RCO-6501367051

EXP Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1997

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 133.00x98.00
  • Fenced
  • Corner Lot

HOA Fees

  • $28 Monthly HOA Fees

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Poured Concrete
  • Asphalt Roof

Interior Spaces

  • 2,728 Sq Ft Home
  • 2-Story Property
  • Bar Fridge
  • Ceiling Fan
  • Gas Fireplace
  • Great Room with Fireplace

Kitchen

  • Free-Standing Electric Oven
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • ENERGY STAR Qualified Dryer
  • ENERGY STAR Qualified Washer

Basement

  • Walk-Out Basement
  • Natural lighting in basement

Parking

  • 3.5 Car Direct Access Garage
  • Garage Door Opener

Outdoor Features

  • In Ground Pool
  • Beach Access
  • Dock Facilities
  • Boat Facilities
  • Deck
  • Covered Patio or Porch

Location

  • Ground Level Unit

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • ENERGY STAR Qualified Water Heater

Listing and Financial Details

  • Assessor Parcel Number 1708103002
  • $1,500 Seller Concession

Community Details

Overview

  • Http://Lake Sherwood.Org/ Association
  • Lake Sherwood Sub No 15 Subdivision

Amenities

  • Laundry Facilities

Recreation

  • Water Sports

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,789

Year Built

Built in 1997

Lot Details

0

HOA Fees

$28 per month

Listing Details

  • Property Type: Residential
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Assessment: 208.03
  • Year Built: 1997
  • State Equalized Value: 239050.0000
  • Entry Location: Ground Level
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Fireplace: Yes
  • Fireplace Fuel: Gas
  • Fireplace Locations: Great Room
  • Room Count: 18
  • Total Bedrooms: 5
  • Total Bathrooms: 4.10
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Daylight, Walkout Access
  • Kitchen Appliances: Bar Fridge, Dishwasher, ENERGY STAR® qualified dryer, Microwave, Free-Standing Electric Oven, Free-Standing Refrigerator, ENERGY STAR® qualified washer
  • Sq Ft Combined: 4218
  • Sq Ft Lower Floor: 1490
  • Total Sq Ft: 2728
  • Sq Ft Total Bsmt: 1490

Exterior Features

  • Roof Material: Asphalt
  • Waterfront Name: Lake Sherwood
  • Pool: Yes
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: Fenced, Pool - Inground
  • Foundation Materials: Poured
  • Frontage Feet: 98
  • Porch Type: Deck, Porch - Covered
  • Road Frontage Type: Paved
  • Waterfront Description: Beach Access

Garage/Parking

  • Garage Size: 3.5 Car
  • Garage Features: Attached, Direct Access, Door Opener, Electricity, Side Entrance
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Electric, ENERGY STAR® Qualified Water Heater
  • Water Source: Public (Municipal)
  • Laundry Facilities: Yes

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Association Fee: 335
  • Association Contact: http://lake-sherwood.org/
  • Association Fee: Yes

Schools

  • School District: Huron Valley

Lot Info

  • Homestead: Yes
  • List Price per Acre: 1663333.3333
  • Lot Features: Corner Lot
  • Lot Size Area: 0.30
  • Lot Dimensions: 133.00X98.00
  • Parcel Number: 1708103002

Tax Info

  • Tax Amount Summer: 3343.0000
  • Tax Amount Winter: 1446.0000
  • Total Tax: 4789.0000
  • Taxable Value: 147050.0000

Multi Family

  • Waterfront Features: All Sports Lake, Boat Facilities, Dock Facilities

MLS Schools

  • School District: Huron Valley

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2020
Closed on
Oct 16, 2020
Sold by
Bandy David J
Bought by
Gale William R and Gale Jessica M
Seller's Agent
Heidi Norris
The Brand Real Estate
Buyer's Agent
Daryl Cross
EXP Realty LLC
List Price
$534,900
Sold Price
$485,000
Premium/Discount to List
-$49,900
-9.33%
Current Estimated Value
$751,530

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$266,530
Avg. Annual Appreciation
9.75%
Original Mortgage
$436,500
Outstanding Balance
$391,951
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$368,201

Purchase Details

Closed on
Apr 22, 2003
Sold by
Oliver Harold D and Oliver Helen
Bought by
Bandy David J

Purchase Details

Closed on
Aug 14, 1997
Sold by
Michael J Schymick Tr
Bought by
Oliver Harold D
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Gale William R $485,000 Stg
Bandy David J $329,500 Philip R Seaver Title Co Inc
Oliver Harold D $36,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gale William R $436,500
Previous Owner Bandy David J $128,000
Previous Owner Bandy David J $120,000
Previous Owner Bandy David J $50,000
Previous Owner Bandy David J $244,665
Previous Owner Bandy David J $105,000
Previous Owner Bandy David J $310,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/16/2020 10/16/20 Sold $485,000 -2.8% $178 / Sq Ft
09/01/2020 09/01/20 Pending -- -- --
08/23/2020 08/23/20 Price Changed $499,000 -2.1% $183 / Sq Ft
08/15/2020 08/15/20 Price Changed $509,900 -4.7% $187 / Sq Ft
08/09/2020 08/09/20 For Sale $534,900 -- $196 / Sq Ft
Source: Realcomp

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,353 $318,180 $0 $0
2023 $6,060 $295,980 $0 $0
2022 $8,591 $273,140 $0 $0
2021 $8,061 $247,150 $0 $0
2020 $3,397 $251,440 $0 $0
2019 $4,789 $239,050 $0 $0
2018 $4,676 $204,720 $0 $0
2017 $4,587 $204,720 $0 $0
2016 $4,522 $201,780 $0 $0
2015 -- $174,220 $0 $0
2014 -- $150,480 $0 $0
2011 -- $128,070 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2200063728

Realcomp

APN: 17-08-103-002