NOT LISTED FOR SALE

1027 Island Lake Dr Unit 18 Oxford, MI 48371

Estimated Value: $400,000 - $460,000

3 Beds
3.5 Baths
1,611 Sq Ft
$259/Sq Ft Est. Value

Last Sold July 01, 2019

Last sale price $271,000 $168 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $2,543/month

62 Days on Market

Highlights

  • Colonial Architecture
  • Deck
  • Porch
  • Oxford Middle School Rated A-
  • 2 Car Direct Access Garage
  • Wet Bar

About This Home

As of July 2019

Amazing water stone colonial with open floor plan, 2 story great room with fireplace. completely turn key!! Picturesque home, picket fence included! This home is located in a family oriented community, with award winning Oxford school district. This charming home features 13 spacious rooms including 3 bedrooms and 3 and a half baths. Lush green lawns and a clean community are postmarks for this property. Come inside to see a fully finished basement with daylight windows, attached garage and beautiful flooring throughout. This high vaulted ceilings (10ft!) combined with double crowned molding throughout makes this home the epitome of elegance. Take a stroll onto the cedar deck to overlook your large backyard and row of evergreens. Book your appointment to see your new home today! backing to no neighbors

Last Agent to Sell the Property

Drew Colburn

The Drew Colburn Real Estate Group License #6501288064 Listed on: 04/10/2019

Last Buyer's Agent

Alex Safadi

Internet Real Estate, Inc License #6501248553

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 2003

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 58x95x138x77

HOA Fees

  • $65 Monthly HOA Fees

Home Design

  • Colonial Architecture
  • Poured Concrete
  • Vinyl Construction Material

Interior Spaces

  • 1,611 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Gas Fireplace
  • Great Room with Fireplace

Bedrooms and Bathrooms

  • 3 Bedrooms

Finished Basement

  • Sump Pump
  • Natural lighting in basement

Parking

  • 2 Car Direct Access Garage
  • Garage Door Opener

Outdoor Features

  • Deck
  • Exterior Lighting
  • Porch

Utilities

  • Central Air
  • Heating system powered by renewable energy
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Water Softener is Owned

Community Details

  • Hometown Village At Waterstone Occpn 1211 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0421453012

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,168

Year Built

Built in 2003

Lot Details

0

HOA Fees

$65 per month

Listing Details

  • Property Type: Residential
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Year Built: 2003
  • Foundation Features: Sump Pump
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Water Softener (owned), Wet Bar
  • Fireplace: Yes
  • Fireplace Fuel: Gas
  • Fireplace Locations: Great Room
  • Room Count: 13
  • Total Bedrooms: 3
  • Total Bathrooms: 3.10
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Daylight, Finished
  • Sq Ft Combined: 2325
  • Sq Ft Lower Floor: 714
  • Total Sq Ft: 1611
  • Sq Ft Total Bsmt: 714

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Construction Features: Site Condo
  • Exterior Features: Lighting
  • Foundation Materials: Poured
  • Frontage Feet: 58
  • Porch Type: Deck, Porch
  • Road Frontage Type: Paved, Pub. Sidewalk

Garage/Parking

  • Garage Size: 2 Car
  • Garage Features: Attached, Direct Access, Door Opener, Electricity
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: ENERGY STAR® Qualified Furnace Equipment
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Condo/Co-op/Association

  • Association Fee Frequency: Monthly
  • Association Fee: 65
  • Association Fee: Yes

Schools

  • School District: Oxford

Lot Info

  • Homestead: Yes
  • List Price per Acre: 1295000.0000
  • Lot Size Area: 0.22
  • Lot Dimensions: 58x95x138x77
  • Parcel Number: 0421453012

Tax Info

  • Tax Amount Summer: 2094.0000
  • Tax Amount Winter: 1074.0000
  • Total Tax: 3168.0000

MLS Schools

  • School District: Oxford

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2019
Closed on
Jul 1, 2019
Sold by
Hill Nicholas A
Bought by
Srinivasachar Guruprasad Malepalli
Seller's Agent
Drew Colburn
The Drew Colburn Real Estate Group
Buyer's Agent
Alex Safadi
Internet Real Estate, Inc
List Price
$284,900
Sold Price
$271,000
Premium/Discount to List
-$13,900
-4.88%
Current Estimated Value
$416,570

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$145,570
Avg. Annual Appreciation
7.10%
Original Mortgage
$257,450
Outstanding Balance
$225,919
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$190,651

Purchase Details

Listed on
Oct 27, 2017
Closed on
Feb 16, 2018
Sold by
Mize Aaron and Mize Julie
Bought by
Hill Nicholas A
Seller's Agent
Kevin Stewart
Stewart Team R E Partners Inc
Buyer's Agent
Drew Colburn
Colburn McDonald Asoc, REALTOR®
List Price
$254,700
Sold Price
$252,500
Premium/Discount to List
-$2,200
-0.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.30%
Original Mortgage
$247,926
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Listed on
Jan 28, 2014
Closed on
May 1, 2014
Sold by
Dawood Raymond J and Neill Mary Kate E O
Bought by
Mize Aaron and Mize Julie
Seller's Agent
Mark Block
Home One Realty LLC
Buyer's Agent
Kevin Stewart
Stewart Team R E Partners Inc
List Price
$224,900
Sold Price
$210,000
Premium/Discount to List
-$14,900
-6.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.97%
Original Mortgage
$206,196
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
May 22, 2003
Sold by
Delcor Homes Oxford I Ltd
Bought by
Dawood Raymond J and Oneill Mary Kate E
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
Srinivasachar Guruprasad Malepalli $271,000 Sterling Title Agency
Hill Nicholas A $252,500 Sterling Title Agency
Mize Aaron $210,000 Sterling Title Agency
Dawood Raymond J $50,400 Metropolitan Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Srinivasachar Guruprasad Malepalli $257,450
Previous Owner Hill Nicholas A $247,926
Previous Owner Mize Aaron $206,196
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/01/2019 07/01/19 Sold $271,000 -4.9% $168 / Sq Ft
06/11/2019 06/11/19 Pending -- -- --
04/10/2019 04/10/19 For Sale $284,900 +12.8% $177 / Sq Ft
02/16/2018 02/16/18 Sold $252,500 -0.9% $157 / Sq Ft View Prior Sale
12/15/2017 12/15/17 Pending -- -- --
10/27/2017 10/27/17 For Sale $254,700 +21.3% $158 / Sq Ft
05/01/2014 05/01/14 Sold $210,000 -6.6% $127 / Sq Ft View Prior Sale
03/31/2014 03/31/14 Pending -- -- --
01/28/2014 01/28/14 For Sale $224,900 -- $136 / 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 $3,128 $166,490 $0 $0
2023 $2,983 $141,330 $0 $0
2022 $4,616 $130,500 $0 $0
2021 $4,413 $124,220 $0 $0
2020 $2,818 $120,440 $0 $0
2019 $3,966 $113,820 $0 $0
2018 $3,305 $109,140 $0 $0
2017 $3,175 $108,840 $0 $0
2016 $3,168 $107,260 $0 $0
2015 -- $91,390 $0 $0
2014 -- $82,190 $0 $0
2011 -- $62,690 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Drew Colburn

    Seller's Agent in 2019

    Drew Colburn

    The Drew Colburn Real Estate Group

    (248) 320-7007

    1 in this area

    137 Total Sales

    Drew Colburn
    Section Image
  • Alex Safadi

    Buyer's Agent in 2019

    Alex Safadi

    Internet Real Estate, Inc

    (248) 231-1209

    288 Total Sales

    Alex Safadi
    Section Image

  • K

    Seller's Agent in 2018

    Kevin Stewart

    Stewart Team R E Partners Inc

    (248) 759-5474

    1 in this area

    176 Total Sales

    Kevin Stewart
    Section Image

  • M

    Seller's Agent in 2014

    Mark Block

    Home One Realty LLC

See All Agents

Map

Source: Realcomp

MLS Number: 219027410

Realcomp

APN: 04-21-453-012

Michigan Oakland County Oxford 48371

1027 Island Lake Dr Unit 18, Oxford, MI

This home is located at 1027 Island Lake Dr Unit 18, Oxford, MI 48371 since 10 April 2019 and is currently estimated at $416,570, approximately $258 per square foot. This property was built in 2003. 1027 Island Lake Dr Unit 18 is a home located in Oakland County with nearby schools including Oxford Elementary School, Daniel Axford Elementary School, and Oxford Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
Copyright 2025 Realcomp II Ltd. Shareholders
IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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