NOT LISTED FOR SALE

1501 E Lake Dr Novi, MI 48377

Novi Area

Estimated Value: $231,657 - $359,000

2 Beds
1 Bath
709 Sq Ft
$421/Sq Ft Est. Value

Sale Details

Date Sold: November 2, 2021

Last sale price $200,000 $282 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $1,924 / mo

63 Days on Market

Highlights

  • 30 Feet of Waterfront
  • Ranch Style House
  • Shed
  • Hickory Woods Elementary School Rated A
  • No HOA
  • Programmable Thermostat

About This Home

As of November 2021

1501 E. LAKE DR NOVI MI 48377 Property ID: 2202329011 RESIDENTIAL, IMPROVED & Property ID: 2202327011 VACANT WATERFRONT

Last Agent to Sell the Property

Todd Swenson

National Realty Centers, Inc License #6501287494 Listed on: 08/27/2021

National Realty Centers, Inc

Co-Listed By

Lisa Benfield

Millennium Prop & Mgt Co LLC License #6501297932

Last Buyer's Agent

Richard Mo

AutoCity Realty LLC License #6501419515

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1930

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 30.00x110.00
  • 30 Feet of Waterfront
  • Lake Front

Home Design

  • Ranch Style House
  • Block Foundation

Interior Spaces

  • 709 Sq Ft Home
  • Water Views
  • Crawl Space
  • Free-Standing Electric Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Programmable Thermostat
  • Natural Gas Water Heater

Additional Features

  • Shed
  • Ground Level

Listing and Financial Details

  • Assessor Parcel Number 2202329011

Community Details

Overview

  • No Home Owners Association
  • Chapman Walled Lake Sub Subdivision

Recreation

  • Water Sports

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,562

Year Built

Built in 1930

Lot Details

3,485 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Architecture Style: Ranch
  • Architecture Level: 1 Story
  • Assessment: 69
  • Year Built: 1930
  • State Equalized Value: 68700.0000
  • Entry Location: Ground Level w/Steps
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Interior Amenities: Programmable Thermostat
  • Total Bedrooms: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Kitchen Appliances: Dryer, Free-Standing Electric Range, Free-Standing Refrigerator, Washer
  • Total Sq Ft: 709

Exterior Features

  • Waterfront Name: Walled Lake All Sports
  • Waterfront: Yes
  • Foundation Details: Crawl
  • Construction Materials: Wood
  • Foundation Materials: Block
  • Road Frontage Type: Paved
  • Water Frontage Feet: 30.00
  • Waterfront Description: Across the Road Water Frontage, Direct Water Frontage, Lake Front, Water Front

Garage/Parking

  • Garage Size: No Garage

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • Lot Features: Water View
  • Lot Size Area: 0.08
  • Lot Dimensions: 30.00X110.00
  • Parcel Number: 2202329011

Tax Info

  • Tax Amount Summer: 2433.0000
  • Tax Amount Winter: 129.0000
  • Total Tax: 2562.0000
  • Taxable Value: 50500.0000

Multi Family

  • Waterfront Features: All Sports Lake, ACRFRT, DIRFRT

MLS Schools

  • School District: Walled Lake

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2021
Closed on
Nov 2, 2021
Sold by
Bought by
Seller's Agent
Todd Swenson
National Realty Centers, Inc
Buyer's Agent
Richard Mo
AutoCity Realty LLC
List Price
$699,900
Sold Price
$200,000
Premium/Discount to List
-$499,900
-71.42%
Current Estimated Value
$298,414

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,414
Avg. Annual Appreciation
8.83%

Purchase Details

Closed on
Jun 3, 2015
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$200,000 First American Title
-- Attorney
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/02/2021 11/02/21 Sold $200,000 -42.9% $282 / Sq Ft
10/30/2021 10/30/21 Pending -- -- --
09/26/2021 09/26/21 Price Changed $350,000 -50.0% $494 / Sq Ft
08/27/2021 08/27/21 For Sale $699,900 -- $987 / Sq Ft
Source: Realcomp

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,370 $68,990 $0 $0
2022 $3,536 $70,360 $0 $0
2020 $2,430 $66,050 $25,000 $41,050
2015 -- $51,950 $0 $0
2014 -- $50,950 $0 $0
2011 -- $49,150 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 2210071861

Realcomp

APN: 22-02-329-011

Your Personal Tour Guide

Ask me questions while you tour the home.