Lake Fenton, MI — May 29, 2023
Looking for a home in the Lake Fenton community? Bring your big checkbook! The popular Fenton, Michigan neighborhood is located approximately 60 miles northwest of Detroit and 40 miles due north of Ann Arbor. Luxury home prices in the sought-after suburb are setting records of historic proportions.
Currently, five homes are listed with an asking price in excess of $2,000,000. Another five prime estates carry price tags over $1,000,000. Property values for sites around Lake Fenton are at all-time highs, even for homes that might not carry the luxury designation.
At the top of the listings is a home on Margaret Drive that features an incredible 10,000 square feet of living space, six bedrooms, five full bathrooms, and two half baths. The asking price? A cool $2,690,000.
If you are interested but don’t have all the cash, financing is available. With a 20% downpayment of $538,000.00, a 30-year mortgage at an annual interest rate of 5.9% would set you up with monthly payments of $12,764.30.
But wait, just check out the neighborhood. You can relax on your private beach or take the boat out of your fashionable cove.
We asked the listing broker Jennifer Lasco what makes Fenton such a popular place to live. “Fenton is a small community with a big-town feel. It is located within reasonable commuting distances from Detroit, Ann Arbor, Lansing, and Flint. A business-positive community, Fenton has an outstanding list of local, regional, and nationally recognized restaurants. As well as the same type of shopping opportunities.”
“Its proximity to two Big Ten universities, The University of Michigan and Michigan State University, provide unlimited sporting and cultural events, with major professional sports available in the Detroit metro area. Best of all, great schools, great people, and a laid-back social environment make Fenton attractive to families of all demographics.”
Jennifer added, “Don’t worry if your budget is less than $2.6 million. There are plenty of homes in this wonderful community that can fit into most families’ finances. Call me at 810.433.9556; we would be happy to show you our special hometown.”