NOT LISTED FOR SALE

1296 E Lake Dr Novi, MI 48377

Estimated Value: $629,000 - $1,551,000

2 Beds
1 Bath
1,008 Sq Ft
$1,210/Sq Ft Est. Value

Last Sold August 13, 2014

Last sale price $340,000 $337 Per Sq Ft

Est. 259% increase in value since last sale

Current estimated payment $7,566/month

61 Days on Market

Highlights

  • Lake Front
  • Dock Facilities
  • Deck
  • Hickory Woods Elementary School Rated A
  • Cape Cod Architecture
  • No HOA

About This Home

As of August 2014

FINALLY A HOME ON THE EAST SIDE OF WALLED LAKE (SANDY SIDE). WHAT MAKES THIS PROPERTY UNIQUE IS IT IS ONE OF 24-IN A ROW THAT SIT ON THE LAKE ON THE EAST LAKE DRIVE SIDE OF WALLED LAKE. THIS HOME IS PERFECT FOR ALL OF YOUR SUMMER TIME WATER SPORTS AND ENTERTAINING. THIS HOME IS SPECIAL BECAUSE IT IS RIGHT ON THE LAKE (NO ROAD BETWEEN THE HOUSE AND THE LAKE). JUST COME ON OUT AND TAKE A LOOK TO SEE IF THIS HOUSE AND PROPERTY IS FOR YOU. THE HOME DOES NEED SOME UPDATING AND TLC.....BUT WITH IT'S LOCATION IT WOULD MAKE FOR A PERFECT HOME TO START AS A COMPLETE REBUILD! OWNERS SAYS "MAKE ME MOVE" AND WILL ADDRESS ANY AND ALL OFFERS!

Last Agent to Sell the Property

Ron Targanski

National Realty Centers, Inc License #6501202166 Listed on: 05/23/2014

National Realty Centers, Inc

Last Buyer's Agent

Ron Targanski

National Realty Centers, Inc License #6501202166 Listed on: 05/23/2014

National Realty Centers, Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1940

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 40x191.5
  • Lake Front

Home Design

  • Cape Cod Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,008 Sq Ft Home
  • 1.5-Story Property
  • Walk-Out Basement
  • Washer

Kitchen

  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • 2 Car Detached Garage
  • Garage Door Opener

Outdoor Features

  • Seawall
  • Dock Facilities
  • Boat Facilities
  • Deck
  • Exterior Lighting
  • Breezeway

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 2202151029

Community Details

Overview

  • No Home Owners Association
  • Suprvr's Plat No 1 Novi Cty Subdivision

Recreation

  • Water Sports

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,231

Year Built

Built in 1940

Lot Details

7,841 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Architecture Style: Cape Cod
  • Architecture Level: 1 1/2 Story
  • Assessment: 360.66
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Interior Amenities: Cable Available
  • Total Bedrooms: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Type: Walkout Access
  • Kitchen Appliances: Dishwasher, Disposal, Refrigerator, Range/Stove, Washer
  • Total Sq Ft: 1008

Exterior Features

  • Roof Material: Asphalt
  • Waterfront Name: WALLED LAKE
  • Waterfront: Yes
  • Foundation Details: Basement
  • Construction Materials: Brick, Vinyl
  • Exterior Features: Lighting
  • Foundation Materials: Block
  • Porch Type: Breezeway, Deck
  • Road Frontage Type: Paved
  • Sideof Street: W
  • Waterfront Description: Lake Front

Garage/Parking

  • Garage Size: 2 Car
  • Garage Features: Detached, Door Opener, Electricity
  • 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: No

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • Homestead: Yes
  • List Price per Acre: 2221666.6667
  • Lot Size Area: 0.18
  • Lot Dimensions: 40X191.5
  • Parcel Number: 2202151029

Tax Info

  • Tax Amount Summer: 3787.0000
  • Tax Amount Winter: 444.0000
  • Total Tax: 4231.0000

Multi Family

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

MLS Schools

  • School District: Walled Lake

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 7, 2017
Sold by
Shamoun Chanel
Bought by
Shamoun Jason and Shamoun Wilson
Current Estimated Value
$1,219,588

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Outstanding Balance
$282,629
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$936,959

Purchase Details

Listed on
May 23, 2014
Closed on
Aug 13, 2014
Sold by
Caldwell Charles and Valko Victoria
Bought by
Shamoun Jason W
Seller's Agent
Ron Targanski
National Realty Centers, Inc
Buyer's Agent
Ron Targanski
EXP Realty LLC
List Price
$990,000
Sold Price
$340,000
Premium/Discount to List
-$650,000
-65.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.65%

Purchase Details

Closed on
Apr 15, 2014
Sold by
Shamoun Jason
Bought by
Shamoun Wilson and Shamoun Chanel

Purchase Details

Closed on
Jul 3, 2012
Sold by
Caldwell Charles and Caldwell Victoria Leah
Bought by
Caldwell Charles and Valko Victoria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,319
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 18, 2005
Sold by
Valko Victoria Leah and Caldwell Victoria Leah
Bought by
Caldwell Charles and Caldwell Victoria Leah
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Shamoun Jason -- None Available
Shamoun Jason W $340,000 None Available
Shamoun Wilson -- None Available
Caldwell Charles -- Title Connect Llc
Caldwell Charles -- Abstract Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shamoun Jason $350,000
Previous Owner Caldwell Charles $157,319
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/13/2014 08/13/14 Sold $340,000 -65.7% $337 / Sq Ft
07/23/2014 07/23/14 Pending -- -- --
05/23/2014 05/23/14 For Sale $990,000 -- $982 / Sq Ft
Source: Realcomp

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
2023 $15,210 $528,080 $0 $0
2022 $14,781 $478,500 $0 $0
2020 $13,842 $443,750 $94,900 $348,850
2015 -- $144,450 $0 $0
2014 -- $117,450 $0 $0
2011 -- $122,250 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ron Targanski

    Seller's Agent in 2014

    Ron Targanski

    National Realty Centers, Inc

    (734) 459-4700

    3 in this area

    73 Total Sales

    Ron Targanski
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Map

Source: Realcomp

MLS Number: 214048911

Realcomp

APN: 22-02-151-029

Michigan Oakland County Novi 48377

1296 E Lake Dr, Novi, MI

Not Listed for Sale

Detached

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Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
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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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