NOT LISTED FOR SALE

1515 E Lake Dr Novi, MI 48377

Estimated Value: $556,000 - $785,000

3 Beds
2 Baths
1,523 Sq Ft
$434/Sq Ft Est. Value

Last Sold June 21, 2024

Last sale price $715,000 $469 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $4,098/month

14 Days on Market

Highlights

  • 30 Feet of Waterfront
  • Dock Facilities
  • Cape Cod Architecture
  • Hickory Woods Elementary School Rated A
  • Beach Access
  • Deck

About This Home

As of June 2024

Just in time for Summer! This custom built lakefront home has been owned and loved by the same family since the 1950s and was rebuilt in 1998. Home features 3 bedrooms and 2 baths and sits on two lots w/an unobstructed view of beautiful Walled Lake. Additionally, parcel 2202327016, which is the lake lot w/30' of frontage across the street is included as well. Updates include: roof and gutters in 2019; tankless water heater in 2020, steel seawall in 2015 and furnace in 2014. Freshly painted interior. City water is available. Don't delay seeing this one-it won't last long. *parking is in back off of Paramount St.

Last Agent to Sell the Property

Lisa Cutting

KW Showcase Realty License #6501397622 Listed on: 05/22/2024

KW Showcase Realty

Last Buyer's Agent

Corinne Madias

Keller Williams Advantage License #6501379193

Keller Williams Advantage

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1998

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 234x30
  • 30 Feet of Waterfront
  • Lake Front
  • Back Yard Fenced

Home Design

  • Cape Cod Architecture
  • Colonial Architecture
  • Brick Exterior Construction
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,523 Sq Ft Home
  • 2-Story Property
  • Water Views
  • Crawl Space

Kitchen

  • Free-Standing Gas Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Direct Access Garage
  • Rear-Facing Garage
  • Garage Door Opener
  • Driveway

Outdoor Features

  • Beach Access
  • Seawall
  • Dock Facilities
  • Deck
  • Shed

Location

  • Ground Level Unit

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 2202376010

Community Details

Overview

  • No Home Owners Association

Recreation

  • Water Sports

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,036

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Cape Cod, Colonial
  • Architecture Level: 2 Story
  • Assessment: 138.00
  • Year Built: 1998
  • State Equalized Value: 238730.0000
  • Entry Location: Ground Level
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Programmable Thermostat
  • Total Bedrooms: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Kitchen Appliances: Dishwasher, Dryer, Free-Standing Gas Range, Free-Standing Refrigerator, Microwave, Washer
  • Total Sq Ft: 1523

Exterior Features

  • Roof Material: Asphalt
  • Waterfront Name: Walled Lake
  • Waterfront: Yes
  • Foundation Details: Crawl
  • Construction Materials: Brick, Vinyl
  • Exterior Features: Fenced
  • Porch Type: Deck
  • Road Frontage Type: Paved
  • Sideof Street: E
  • Water Frontage Feet: 30.00
  • Waterfront Description: Across the Road Water Frontage, Beach Access, Lake Front
  • Fencing: Back Yard, Fenced

Garage/Parking

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

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas, Tankless
  • Water Source: Well (Existing)

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • Homestead: Yes
  • Lot Features: Water View
  • Lot Size Area: 0.18
  • Lot Dimensions: 234x30
  • Parcel Number: 2202376010

Tax Info

  • Tax Amount Summer: 4702.0000
  • Tax Amount Winter: 334.0000
  • Total Tax: 5036.0000
  • Taxable Value: 155510.0000

Multi Family

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

MLS Schools

  • School District: Walled Lake

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2024
Closed on
Jun 21, 2024
Sold by
Rzepka Delphine T
Bought by
Nichols Megan
Seller's Agent
Lisa Cutting
KW Showcase Realty
Buyer's Agent
Corinne Madias
Keller Williams Advantage
List Price
$689,000
Sold Price
$715,000
Premium/Discount to List
$26,000
3.77%
Views
38
Current Estimated Value
$660,705

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$54,295
Avg. Annual Appreciation
-4.85%
Original Mortgage
$693,550
Outstanding Balance
$682,834
Interest Rate
7.02%
Mortgage Type
New Conventional
Estimated Equity
-$22,129

Purchase Details

Closed on
Sep 5, 2013
Sold by
Rzepka Delphine and Rzepka Stanley
Bought by
Rzepka Delphine T and Rzepka James J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Nichols Megan $715,000 Cislo Title
Rzepka Delphine T -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nichols Megan $693,550
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/21/2024 06/21/24 Sold $715,000 +3.8% $469 / Sq Ft
06/06/2024 06/06/24 Pending -- -- --
05/22/2024 05/22/24 For Sale $689,000 -- $452 / 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 $4,967 $238,730 $0 $0
2022 $4,810 $221,650 $0 $0
2020 $4,536 $191,500 $36,550 $154,950
2015 -- $140,750 $0 $0
2014 -- $138,400 $0 $0
2011 -- $135,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20240033116

Realcomp

APN: 22-02-376-010