Listing courtesy of Redlow Group · Listing agent: David Nolan

Virtual tour
ActiveSite-Built Home

4347 E Penrod Drive

$637,000

$349.62 / sq ft

Est. $3,973/mo

Monticello, IN 47960Fair View / Fairview

Original price $759,000 · Price reduced on September 17, 2026

  • On Lake Shafer
  • 1-car garage
  • Energy efficient
Bedrooms
3
Bathrooms
2
Living area
1,822 sq ft
Lot
0.14 ac
Year built
1960
Type
Site-Built Home
Listed
September 4, 2026
MLS #
202636587

About this home

Shamrock Shores AWAITS! To the seller's knowledge, this is one of the few completely stone homes on the Lake! Major renovations are now complete, and it's move-in ready. This property is all about the LAKE!. No less than 5 vistas available to relax and take in the beauty of Lake Shafer. NO steep inclines. Upper deck access-no stairs. Lower deck access- 13 steps. Sellers worked to make the lawn and shrubbery beautiful. The newer hot tub is a treat for early morning lake spa treatments and really fun in winter! 3 bedrooms PLUS. Don't look at square feet. Look at livable space- one of the best on the lake. Comps available in Docs tab. Personal watercraft dock also. Check out NASCAR garage...just one beautiful property. Lake Living at the highest level. The cinder block foundation makes this home structurally sound and helps with utility bills. Almost everything new. Come see and enjoy some Irish nostalgia. Godfrey Pontoon 22 ft, 2023, with Suzuki 150, available on a separate bill of sale. Only 105 hours used.

Monthly payment estimate

$3,973/mo

Principal & interest
$3,487
Property taxes
$300
Homeowners insurance
$186
Your loan

  • Rate: Freddie Mac's 30-year fixed average for the week of October 1, 2026.
  • Taxes: the seller's 2025 bill as reported to the MLS. Yours may differ once your own deductions apply.
  • Insurance: estimated at 0.35% of the price per year.
  • HOA dues are not included — see the HOA details for this home's fee and schedule.
  • An estimate, not a loan offer. Your rate and payment depend on your credit, loan program and down payment.
Change taxes, insurance and more in the full calculator

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Property details

Interior

Levels
One
Total rooms
8
Total area
1,822 sq ft
Finished area above grade
1,822 sq ft
Main level
1,822 sq ft
Bedrooms above grade
3
Full baths, main level
2
Basement
Crawl Space
Flooring
Carpet, Vinyl
Heating
Natural Gas
Cooling
Central Air
Laundry
Main Level
Interior features
Hot Tub/Spa, Jet Tub

Exterior & parking

Construction
Stone
Roof
Asphalt, Shingle
Foundation
Block
Garage spaces
1
Attached garage
Yes
Garage type
Attached
Garage sq ft
308 sq ft
Parking
Concrete
Private pool
No
New construction
No
Energy-efficient features
Water Heater

Waterfront & lake

Waterfront
Yes
Body of water
Lake Shafer
Waterfront features
Boat Docking Rights, Pier/Dock
Water access
Lakefront
Lake type
Ski Lake
Water frontage
57 ft
Channel / canal frontage
57 ft
Sea wall
Steel
Water feature
Lake

Lot

Subdivision
Fair View / Fairview
Lot features
Lake on Lot, Waterfront-High Bank
Lot size (acres)
0.14 ac
Lot dimensions
57x109
Location type
Lake
County
White County
Township
Liberty
Cross street
Lowes Bridge / NE Shafer Drive
Road frontage
City Street
Road surface
Asphalt
Platted
Yes
Planned unit development
No
Directions
GPS Friendly. NW Shafer Drive to Lowes Bridge, Cross Bridger turn right on NE Shafer Drive. First right is Penrod. Listing is down the street.

Schools

Elementary school
North White Primary
Middle school
North White Jr/Sr
High school
North White Jr/Sr
School district
North White School Corp.

HOA & community

HOA fee
$1
Other fees
$175
Other fees frequency
Annually
Other fees description
Lake Maintenance

Taxes & terms

Annual taxes
$3,604
Tax year
2025
Listing terms
Cash, Conventional
Possession
At Closing
Parcel number
91-83-32-000-000.100-010

Included in the sale

Included in sale
Dishwasher,Microwave,Refrigerator,Washer,Boat Lift-Covered,Boat Lift-Permanent,Dryer-Electric,Range-Gas,Water Heater Gas,Water Softener-Owned

Utilities

Water
Well
Well
Private
Sewer
Regional
Electric provider
REMC
Gas provider
NIPSCO

Location

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