NOT LISTED FOR SALE

7140 Ledgewood Dr Fenton, MI 48430

Estimated Value: $906,000 - $1,538,000

5 Beds
5 Baths
6,500 Sq Ft
$183/Sq Ft Est. Value

Last Sold May 30, 2023

Last sale price $1,200,000 $185 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $8,473/month

33 Days on Market

Highlights

  • Private Waterfront
  • Dock Facilities
  • Lake Privileges
  • Hartland High School Rated A-
  • Spa
  • Deck

About This Home

As of May 2023

Welcome to the Ledgewood Lodge! 6500 square feet of spectacular on beautiful private Lake Shannon! This completely remodeled 3 story home features a brand new kitchen (2021) with Viking appliances, 5 bedrooms, 5 bathrooms, private balconies off bedrooms with stunning water views! This home truly has it all! Great open layout perfect for entertaining with a 30-foot stone fireplace, built in sauna, and walk in wine cellar. 2021 Renovation highlights include a fully renovated master suite with his/her walk-in closets, master bath, refreshed 2nd floor baths, laundry room, all new interior doors, new flooring, crawl space encapsulation and basement waterproofing system, and new electrical panel. Exterior updates completed in 2022 include a whole house generator, exterior paint, landscape and landscape lighting, and new garage doors. Multiple decks for entertaining on a great part of the lake with views of the slalom ski course right behind the home. Association includes a private boat launch, maintained island parks and swim park. Great community with several popular events throughout the year including professional 4th of July fireworks, water ski club and show, lobster roast, 80's band party, progressive dinners, float up movies and much more. Phenomenal fishing and wildlife including deer, cranes, waterfowl and eagles! Too many great things to list, this is a one-of-a-kind gem on one of the best lakes the area has to offer!

Last Agent to Sell the Property

Andrew Stadler

RE/MAX First License #6501371063 Listed on: 04/06/2023

RE/MAX First

Last Buyer's Agent

Haig Istamboulian

Arterra Realty Michigan LLC License #6501304368

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1978 | Remodeled in 2021

Lot Details

  • 0.63 Acre Lot
  • Lot Dimensions are 98.25 x 281.00
  • Private Waterfront
  • 98 Feet of Waterfront
  • Lake Front
  • Home fronts navigable water
  • Property fronts a private road

HOA Fees

  • $55 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof
  • Chimney Cap
  • Cedar

Interior Spaces

  • 6,500 Sq Ft Home
  • 3-Story Property
  • Wet Bar
  • Furnished or left unfurnished upon request
  • Double Sided Fireplace
  • Gas Fireplace
  • Great Room with Fireplace
  • Living Room with Fireplace

Kitchen

  • Double Self-Cleaning Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • ENERGY STAR Qualified Refrigerator
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Full Bathrooms
  • ENERGY STAR Qualified Skylights

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Interior Basement Entry
  • Crawl Space

Parking

  • 3 Car Direct Access Garage
  • Garage Door Opener

Outdoor Features

  • Spa
  • Dock Facilities
  • Lake Privileges
  • Balcony
  • Deck
  • Exterior Lighting
  • Shed

Location

  • Ground Level Unit

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Programmable Thermostat
  • 100 Amp Service
  • Whole House Permanent Generator
  • Natural Gas Water Heater
  • Water Purifier is Owned
  • Water Softener is Owned
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 0430400012
  • $10,000 Seller Concession

Community Details

Overview

  • Www.Lake Shannon.Com Association
  • Swim Association

Amenities

  • Laundry Facilities

Recreation

  • Water Sports

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,579

Year Built

Built in 1978 | Remodeled in 2021

Lot Details

0

HOA Fees

$55 per month

Listing Details

  • Property Type: Residential
  • Architecture Style: Contemporary
  • Architecture Level: 3 Story
  • Assessment: 150.00
  • Year Built: 1978
  • State Equalized Value: 444100.0000
  • Year Renovated: 2021
  • Entry Location: Ground Level
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Interior Amenities: Water Softener (owned), 100 Amp Service, Circuit Breakers, Furnished - Negotiable, High Spd Internet Avail, Programmable Thermostat, Spa/Hot-tub, Wet Bar
  • Fireplace: Yes
  • Fireplace Fuel: Natural
  • Fireplace Locations: Double Sided, Great Room, Living Room
  • Room Count: 20
  • Total Bedrooms: 5
  • Total Bathrooms: 5.00
  • Full Bathrooms: 5
  • Basement: Yes
  • Basement Type: Interior Entry (Interior Access), Unfinished
  • Kitchen Appliances: Water Purifier Owned, Dishwasher, Disposal, Double Oven, Dryer, ENERGY STAR® qualified refrigerator, Free-Standing Gas Range, Gas Cooktop, Microwave, Range Hood, Self Cleaning Oven, Stainless Steel Appliance(s), Washer
  • Sq Ft Combined: 6500
  • Total Sq Ft: 6500
  • Sq Ft Total Bsmt: 1802

Exterior Features

  • Roof Material: Asphalt
  • Waterfront Name: Lake Shannon
  • Waterfront: Yes
  • Foundation Details: Crawl, Basement
  • Construction Materials: Brick, Cedar
  • Exterior Features: Spa/Hot-tub, Whole House Generator, Chimney Cap(s), ENERGY STAR® Qualified Skylights, Lighting
  • Foundation Materials: Block
  • Frontage Feet: 98
  • Porch Type: Balcony, Deck
  • Road Frontage Type: Gravel, Paved, Private
  • Sideof Street: E
  • Water Frontage Feet: 98.00
  • Waterfront Description: Direct Water Frontage, Lake Front, Lake Privileges, Private Water Frontage, Water Front

Garage/Parking

  • Garage Size: 3 Car
  • Garage Features: Direct Access, Electricity, Door Opener, Attached
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: Septic Tank (Existing)
  • Water Heater Fuel: Natural Gas
  • Water Source: Well (Existing)
  • Laundry Facilities: Yes

Condo/Co-op/Association

  • HOA Fee Includes: Maintenance Grounds, Pest Control, Trash
  • Association Fee Frequency: Annually
  • Phone: lakeshannon@googlegroups.com
  • Association Fee: 659
  • Association Contact: www.lake-shannon.com
  • Association Fee: Yes

Schools

  • School District: Linden

Lot Info

  • Homestead: Yes
  • Lot Size Area: 0.63
  • Lot Dimensions: 98.25 x 281.00
  • Parcel Number: 0430400012

Tax Info

  • Tax Amount Summer: 5800.0000
  • Tax Amount Winter: 3779.0000
  • Total Tax: 9579.0000
  • Taxable Value: 417435.0000

Multi Family

  • Waterfront Features: Navigable, All Sports Lake, Dock Facilities, Swim Association, DIRFRT

MLS Schools

  • School District: Linden

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2023
Closed on
May 26, 2023
Sold by
Korth Joel G and Korth Anna M
Bought by
Pudlo Jeffrey and Pudlo Jennifer
Seller's Agent
Andrew Stadler
RE/MAX First
Buyer's Agent
Haig Istamboulian
Arterra Realty Michigan LLC
List Price
$1,250,000
Sold Price
$1,200,000
Premium/Discount to List
-$50,000
-4%
Views
63
Current Estimated Value
$1,192,499

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,501
Avg. Annual Appreciation
-0.28%
Original Mortgage
$959,988
Outstanding Balance
$935,516
Interest Rate
6.43%
Mortgage Type
New Conventional
Estimated Equity
$256,983

Purchase Details

Closed on
Jan 31, 2022
Sold by
Korth Joel G and Korth Anna M
Bought by
Korth Joel G and Korth Joel G

Purchase Details

Closed on
Oct 16, 2020
Sold by
Ruettinger Lisa R and Ruettinger Res H
Bought by
Korth Joel and Korth Anna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$0
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Pudlo Jeffrey $1,200,000 First American Title
Korth Joel G -- Matthew J Abraham Pc
Korth Joel $740,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pudlo Jeffrey S $959,988
Previous Owner Korth Joel $0
Previous Owner Ruettinger Rex $208,365
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2023 05/30/23 Sold $1,200,000 -4.0% $185 / Sq Ft
05/09/2023 05/09/23 Pending -- -- --
04/06/2023 04/06/23 For Sale $1,250,000 -- $192 / 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
2025 $23,194 $577,300 $0 $0
2024 $13,008 $566,700 $0 $0
2023 $6,090 $480,200 $0 $0
2022 $9,579 $388,800 $0 $0
2021 $7,655 $404,100 $0 $0
2020 $5,017 $388,800 $0 $0
2019 $5,710 $353,100 $0 $0
2018 $5,498 $309,600 $0 $0
2017 $4,877 $309,600 $0 $0
2016 $4,988 $307,200 $0 $0
2014 $5,549 $258,100 $0 $0
2012 $5,549 $206,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20230025275

Realcomp

APN: 04-30-400-012