NOT LISTED FOR SALE

24865 Mallard Trail Ln Novi, MI 48374

Island Lake Neighborhood

Estimated Value: $871,669 - $994,000

4 Beds
4 Baths
3,334 Sq Ft
$275/Sq Ft Est. Value

Last Sold July 20, 2018

Last sale price $590,000 $177 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $6,022/month

57 Days on Market

Highlights

  • Outdoor Pool
  • Lake Privileges
  • Corner Lot
  • Deerfield Elementary School Rated A+
  • Colonial Architecture
  • Covered Patio or Porch

About This Home

As of July 2018

Stately NE-facing Estate Home in the premier 'Island Lake of Novi' community with Dramatic 2-Story Great Room and Gourmet Chef's Kitchen with 42" Espresso Maple Cabinetry, Wall Ovens,and Oversized Granite Island, Breakfast Bar and sunny Morning Room! This 2014-built colonial has a Formal dining room with lighted tray ceiling, and vaulted Great Room with surround sound wiring, Fireplace and Impressive Bridge Overlook. The main level Den has a closet and is adjacent to a Full Bath making it a possible main level guest suite. Upstairs is a Grand Master suite w coved ceiling, Princess suite and 2 more BRs sharing a bath. Extra Height Basement contains plumbing for future bath. 3C Side Entry Garage with Epoxy Floor. Enjoy Island Lake's Olympic heated swimming pool, tennis courts, playgrounds, walking trails, kayaking & boating! Acclaimed Novi Schools! Near Providence Park Hospital & shopping. Seller offering $4,000 deck/patio/landscape credit.

Last Agent to Sell the Property

Tracy Wick

National Realty Centers, Inc License #6502374888 Listed on: 04/08/2018

National Realty Centers, Inc

Last Buyer's Agent

Lei Wu

Berkshire Hathaway HomeService License #6501396493

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 2014

Lot Details

  • Lot Dimensions are 94x126x126x140
  • Corner Lot

HOA Fees

  • $120 Monthly HOA Fees

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Poured Concrete
  • Asphalt Roof

Interior Spaces

  • 3,334 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Gas Fireplace
  • Great Room with Fireplace

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Unfinished Basement

  • Sump Pump
  • Natural lighting in basement

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Outdoor Features

  • Outdoor Pool
  • Lake Privileges
  • Covered Patio or Porch
  • Exterior Lighting

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 2220304022

Community Details

Overview

  • Reserves Of Island Lake/Kramer Triad Association, Phone Number (800) 317-3025
  • The Reserve Of Island Lake Condo Occpn 2048 Subdivision

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,695

Year Built

Built in 2014

Lot Details

0

HOA Fees

$120 per month

Listing Details

  • Property Type: Residential
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Assessment: 81.12
  • Year Built: 2014
  • Foundation Features: Sump Pump
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available, High Spd Internet Avail, Humidifier
  • Fireplace: Yes
  • Fireplace Fuel: Gas
  • Fireplace Locations: Great Room
  • Room Count: 16
  • Total Bedrooms: 4
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement: Yes
  • Basement Type: Daylight, Unfinished
  • Kitchen Appliances: Dishwasher, Disposal, Microwave
  • Sq Ft Combined: 3334
  • Total Sq Ft: 3334
  • Sq Ft Total Bsmt: 1758

Exterior Features

  • Roof Material: Asphalt
  • Waterfront Name: ISLAND LAKE
  • Pool: Yes
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Construction Features: Site Condo
  • Exterior Features: Lighting, Pool – Community
  • Foundation Materials: Poured
  • Frontage Feet: 94
  • Porch Type: Porch - Covered
  • Road Frontage Type: Paved
  • Waterfront Description: Lake/River Priv

Garage/Parking

  • Garage Size: 3 Car
  • Garage Features: Attached, Door Opener, Electricity
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Condo/Co-op/Association

  • Association Fee Frequency: Monthly
  • Phone: 1-800-317-3025
  • Association Fee: 120
  • Association Contact: Reserves of Island Lake/Kramer Triad
  • Association Fee: Yes

Schools

  • School District: Novi

Lot Info

  • Homestead: Yes
  • Lot Features: Corner Lot
  • Lot Dimensions: 94x126x126x140
  • Parcel Number: 2220304022

Tax Info

  • Tax Amount Summer: 9505.0000
  • Tax Amount Winter: 2190.0000
  • Total Tax: 11695.0000

MLS Schools

  • School District: Novi

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2018
Closed on
Jul 20, 2018
Sold by
Seevaratnam Vakeesan and Vakeesan Mogamathy
Bought by
Wang Zhiqiang and Wang Zhen
Seller's Agent
Tracy Wick
National Realty Centers, Inc
Buyer's Agent
Lei Wu
Berkshire Hathaway HomeService
List Price
$599,900
Sold Price
$590,000
Premium/Discount to List
-$9,900
-1.65%
Current Estimated Value
$916,417

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$326,417
Avg. Annual Appreciation
6.64%
Original Mortgage
$500,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 24, 2014
Sold by
Toll Mi Ii Limited Partnership
Bought by
Seevaratnam Vakeesan and Vakeesan Mogamathy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
3.99%
Mortgage Type
Credit Line Revolving
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
Wang Zhiqiang $590,000 None Available
Seevaratnam Vakeesan $601,747 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wang Zhen $488,900
Closed Wang Chen $488,400
Closed Wang Zhen $500,000
Previous Owner Seevaratnam Vakeesan $95,000
Previous Owner Seevaratnam Vakeesan $30,000
Previous Owner Seevaratnam Vakeesan $469,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2018 07/20/18 Sold $590,000 -1.7% $177 / Sq Ft
06/04/2018 06/04/18 Pending -- -- --
04/08/2018 04/08/18 For Sale $599,900 -- $180 / Sq Ft
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 $10,896 $349,070 $0 $0
2022 $12,070 $331,500 $0 $0
2020 $10,398 $335,350 $67,000 $268,350
2015 -- $299,750 $0 $0
2014 -- $50,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2018

    Tracy Wick

    National Realty Centers, Inc

    Section Image

  • L

    Buyer's Agent in 2018

    Lei Wu

    Berkshire Hathaway HomeService

See All Agents

Map

Source: Realcomp

MLS Number: 218025706

Realcomp

APN: 22-20-304-022

Michigan Oakland County Novi 48374 Island Lake

24865 Mallard Trail Ln, Novi, MI

This home is located at 24865 Mallard Trail Ln, Novi, MI 48374 since 08 April 2018 and is currently estimated at $916,417, approximately $274 per square foot. This property was built in 2014. 24865 Mallard Trail Ln is a home located in Oakland County with nearby schools including Deerfield Elementary School, Novi Middle School, and Novi High School.

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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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