NOT LISTED FOR SALE

Estimated Value: $795,000 - $900,000

4 Beds
2.5 Baths
2,980 Sq Ft
$287/Sq Ft Est. Value

Last Sold August 02, 2022

Last sale price $760,000 $255 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $5,543/month

3 Days on Market

Highlights

  • Outdoor Pool
  • Colonial Architecture
  • 3 Car Attached Garage
  • Novi High School Rated A+
  • Ground Level Unit
  • Forced Air Heating System

About This Home

As of August 2022

Exceptional and highly desirable Island Lake of Novi home. This premium lot is facing the common area of the community with beautiful front views. Featuring 4 bedrooms & 2.1 bathrooms, and an attached 3-car garage. Formal living room and dining room. First floor office. Spacious gourmet kitchen has granite, hard wood flooring, stainless steel appliances and gas cook top. Soaring two-story foyer, two-story great room with cathedral ceiling and gas fireplace. Alarm system, Surveillance cameras and zoned heating and cooling. Master suite with sitting area, large walk-in closet. Master bathroom with soaking tub and his and her vanity. Basement with 9’ ceiling is plumbed for a bathroom. Custom landscaping and vegetable garden. Easy walk to clubhouse/beach/tennis courts/pools and the Links of Novi golf course!

Vacation at home year-round. With resort style amenities that include 170 acre lake with private beaches, sailing, fishing, clubhouse, fitness room, two pools, tennis courts, sand volleyball court, multiple walking/bike trails and boat launch. It's hard to find a better community to call home.

This home is within the award-winning Novi School District. Deerfield elementary school and middle school within a mile, and is conveniently located near shopping, entertainment, restaurants, and major thoroughfares.

Last Agent to Sell the Property

Nicole Yu Chen

1st Michigan Realty LLC License #6501421974 Listed on: 06/23/2022

Co-Listed By

Bill Wang

1st Michigan Realty LLC License #6502384635

Last Buyer's Agent

Lisa Chung

Real Estate One-Northville License #6501363268

Real Estate One-Northville

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 2012

Lot Details

  • 0.33

HOA Fees

  • $117 Monthly HOA Fees

Parking

  • 3 Car Attached Garage

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Vinyl Construction Material

Interior Spaces

  • 2,980 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Great Room with Fireplace

Bedrooms and Bathrooms

  • 4 Bedrooms

Unfinished Basement

  • Interior Basement Entry
  • Sump Pump

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Outdoor Pool
  • 0.33 Acre Lot
  • Ground Level Unit

Listing and Financial Details

  • Assessor Parcel Number 2219377063

Community Details

Overview

  • Island Lake Orchards Condo Subdivision

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,269

Year Built

Built in 2012

Lot Details

0

HOA Fees

$117 per month

Listing Details

  • Property Type: Residential
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Assessment: 138.00
  • Year Built: 2012
  • State Equalized Value: 287950.0000
  • Foundation Features: Drainage System, Insulating Concrete Forms, Sump Pump
  • Entry Location: Ground Level
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Fireplace: Yes
  • Fireplace Fuel: Gas
  • Fireplace Locations: Great Room
  • Room Count: 10
  • Total Bedrooms: 4
  • Total Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Interior Entry (Interior Access), Unfinished
  • Sq Ft Combined: 2980
  • Total Sq Ft: 2980
  • Sq Ft Total Bsmt: 1200

Exterior Features

  • Pool: Yes
  • Foundation Details: Slab, Basement
  • Construction Materials: Brick, Vinyl
  • Exterior Features: Pool – Community
  • Frontage Feet: 83
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: 3 Car
  • Garage Features: Attached
  • Garage: Yes

Utilities

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

Condo/Co-op/Association

  • Association Fee Frequency: Quarterly
  • Phone: KS Management
  • Association Fee: 350
  • Association Fee: Yes

Schools

  • School District: Novi

Lot Info

  • Lot Size Area: 0.33
  • Lot Dimensions: Irregular
  • Parcel Number: 2219377063

Tax Info

  • Tax Amount Summer: 7942.0000
  • Tax Amount Winter: 1327.0000
  • Total Tax: 9269.0000
  • Taxable Value: 258790.0000

MLS Schools

  • School District: Novi

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2022
Closed on
Aug 2, 2022
Sold by
Jie Dai
Bought by
Jeon Insik and Kim Sung Mi
Seller's Agent
Nicole Yu Chen
1st Michigan Realty LLC
Buyer's Agent
Lisa Chung
Real Estate One-Northville
List Price
$699,900
Sold Price
$760,000
Premium/Discount to List
$60,100
8.59%
Current Estimated Value
$855,975

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,975
Avg. Annual Appreciation
4.08%
Original Mortgage
$460,000
Outstanding Balance
$442,075
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$417,992

Purchase Details

Closed on
Oct 1, 2012
Sold by
Tom Mi Ii Limited Partnership
Bought by
Dai Jie and Jiang Hong

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$309,000
Interest Rate
3.57%
Mortgage Type
New Conventional
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
Jeon Insik $760,000 --
Dai Jie $462,542 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jeon Insik $460,000
Previous Owner Dai Jie $309,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/02/2022 08/02/22 Sold $760,000 +8.6% $255 / Sq Ft
06/26/2022 06/26/22 Pending -- -- --
06/25/2022 06/25/22 For Sale $699,900 0.0% $235 / Sq Ft
06/25/2022 06/25/22 Pending -- -- --
06/23/2022 06/23/22 For Sale $699,900 0.0% $235 / Sq Ft
06/20/2017 06/20/17 Rented $3,350 -4.3% --
06/09/2017 06/09/17 Under Contract -- -- --
04/26/2017 04/26/17 For Rent $3,500 -- --
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
2023 $9,573 $305,530 $0 $0
2022 $9,760 $287,840 $0 $0
2020 $9,823 $288,400 $56,000 $232,400
2015 -- $259,750 $0 $0
2014 -- $241,400 $0 $0
2011 -- $57,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20221009340

Realcomp

APN: 22-19-377-063