NOT LISTED FOR SALE

1503 E Lake Dr Novi, MI 48377

Novi Area

Estimated Value: $273,891 - $489,000

2 Beds
1 Bath
856 Sq Ft
$464/Sq Ft Est. Value

Sale Details

Date Sold: November 2, 2021

Last sale price $375,000 $438 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $2,560 / mo

63 Days on Market

Highlights

  • 60 Feet of Waterfront
  • Ranch Style House
  • Shed
  • Hickory Woods Elementary School Rated A
  • No HOA
  • Baseboard Heating

About This Home

As of November 2021

sold with lake lot

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
  • 60 Feet of Waterfront
  • Lake Front

Home Design

  • Ranch Style House
  • Block Foundation
  • Vinyl Construction Material

Interior Spaces

  • 856 Sq Ft Home
  • Crawl Space
  • Built-In Electric Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Additional Features

  • Shed
  • Ground Level

Listing and Financial Details

  • Assessor Parcel Number 2202329012

Community Details

Overview

  • No Home Owners Association
  • Chapman Walled Lake Sub Subdivision

Recreation

  • Water Sports

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,786

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: 79350.0000
  • Entry Location: Ground Level w/Steps
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Total Bedrooms: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Kitchen Appliances: Built-In Electric Range, Dryer, Free-Standing Refrigerator, Washer
  • Total Sq Ft: 856

Exterior Features

  • Waterfront Name: Walled Lake All Sports
  • Waterfront: Yes
  • Foundation Details: Crawl
  • Construction Materials: Vinyl
  • Foundation Materials: Block
  • Road Frontage Type: Paved
  • Water Frontage Feet: 60.00
  • 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: Baseboard
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • Lot Size Area: 0.08
  • Lot Dimensions: 30.00X110.00
  • Parcel Number: 2202329012

Tax Info

  • Tax Amount Summer: 2653.0000
  • Tax Amount Winter: 133.0000
  • Total Tax: 2786.0000
  • Taxable Value: 55190.0000

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
$375,000
Premium/Discount to List
-$324,900
-46.42%
Current Estimated Value
$396,973

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,973
Avg. Annual Appreciation
1.22%
Original Mortgage
$273,750
Interest Rate
0.0305%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 3, 2015
Sold by
Bought by
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

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
$375,000 First American Title
-- Attorney
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $273,750
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 $375,000 +7.1% $438 / Sq Ft
10/30/2021 10/30/21 Pending -- -- --
09/26/2021 09/26/21 Price Changed $350,000 -50.0% $409 / Sq Ft
08/27/2021 08/27/21 For Sale $699,900 -- $818 / 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 $3,904 $79,340 $0 $0
2022 $4,053 $81,070 $0 $0
2020 $2,833 $76,350 $25,000 $51,350
2015 -- $61,050 $0 $0
2014 -- $59,750 $0 $0
2011 -- $57,750 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Todd Swenson

    Seller's Agent in 2021

    Todd Swenson

    National Realty Centers, Inc

    (248) 705-7981

    60 Total Sales

    Todd Swenson
    Section Image
  • Lisa Benfield

    Seller Co-Listing Agent in 2021

    Lisa Benfield

    Millennium Prop & Mgt Co LLC

    (248) 683-0050

    177 Total Sales

    Lisa Benfield
    Section Image

  • R

    Buyer's Agent in 2021

    Richard Mo

    AutoCity Realty LLC

    Section Image
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Map

Source: Realcomp

MLS Number: 2210071862

Realcomp

APN: 22-02-329-012

Michigan Oakland County Novi 48377

1503 E Lake Dr, Novi, MI

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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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