NOT LISTED FOR SALE

25678 Island Lake Dr Unit 59 Novi, MI 48374

Island Lake Neighborhood

Estimated Value: $670,000 - $725,000

3 Beds
3.5 Baths
2,476 Sq Ft
$549/mo HOA Fee

Last Sold May 14, 2024

Last sale price $675,000 $273 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $4,934/month

10 Days on Market

Highlights

  • Lake Front
  • Above Ground Pool
  • Clubhouse
  • Novi High School Rated A+
  • Colonial Architecture
  • Ground Level Unit

About This Home

As of May 2024

ISLAND LAKE of NOVI WATERFRONT CONDO w/views of the water from most rooms. Low maintenance resort living w/clubhouse, pool, walking trails and tennis courts. Private patio and boat dock in a serene setting. Open floor plan with spacious family room with floor to ceiling windows that let the natural light pour in with beautiful views of the lake. Kitchen boasts granite, light cabinets, slate tile back splash and bar seating. Dining room, laundry area, and powder room complete the first floor. Gleaming hardwood floors on entire 1st floor. Upstairs enjoy a luxurious master suite w/luxury bath and his/her closets, 2 additional bedrooms and a full bath. Additional loft office or 4th bedroom on 3rd floor. Finished walkout basement w/full bath is perfect for a home gym or rec space. AWARD winning Novi schools. All appliances included, Furnace, Dishwasher, Dryer, Fridge, Cooktop replaced in 2021. Basement patio door replaced in 2019 with lifetime warranty. Deck freshly stained in 2024. All furniture (including pool table) can stay, negotiable. Seller is related to agent.

Last Agent to Sell the Property

Fei Gao

National Realty Centers, Inc License #6501317146 Listed on: 04/26/2024

National Realty Centers, Inc

Last Buyer's Agent

Abe Qassis

RE/MAX Classic License #6501283284

RE/MAX Classic

Property Details

Home Type

  • Condominium

Est. Annual Taxes

Year Built

  • Built in 2004

Lot Details

  • 19.51

HOA Fees

  • $549 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

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

Interior Spaces

  • 2,476 Sq Ft Home
  • 3-Story Property
  • Water Views
  • Finished Basement
  • Walk-Out Basement

Kitchen

  • Convection Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Above Ground Pool
  • Lake Front
  • Ground Level Unit

Listing and Financial Details

  • Assessor Parcel Number 2219101059

Community Details

Overview

  • Www.Ksmanagementservices.Com Association
  • Island Lake North Bay Occpn 1413 Subdivision

Amenities

  • Clubhouse

Property Details

Home Type

Condominium

Est. Annual Taxes

$12,203

Year Built

Built in 2004

Lot Details

0

HOA Fees

$549 per month

Listing Details

  • Property Type: Condominium
  • Architecture Style: Colonial
  • Architecture Level: 3 Story
  • Assessment: 112.00
  • Year Built: 2004
  • State Equalized Value: 309670.0000
  • Entry Location: Ground Level
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Room Count: 14
  • Total Bedrooms: 3
  • Total Bathrooms: 3.10
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Finished, Walkout Access
  • Kitchen Appliances: Convection Oven, Dishwasher, Dryer, Electric Cooktop, Free-Standing Refrigerator, Microwave, Washer
  • Sq Ft Combined: 3476
  • Sq Ft Lower Floor: 1000
  • Total Sq Ft: 2476
  • Sq Ft Total Bsmt: 1276

Exterior Features

  • Waterfront Name: Island lake
  • Pool: Yes
  • Waterfront: Yes
  • Foundation Details: Basement
  • Construction Materials: Brick, Vinyl
  • Exterior Features: Club House, Pool - Above Ground
  • Foundation Materials: Brick/Mortar
  • Road Frontage Type: Paved, Pub. Sidewalk
  • Waterfront Description: Lake Front

Garage/Parking

  • Garage Size: 2 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

  • HOA Fee Includes: Snow Removal, Maintenance Structure, Maintenance Grounds, Sewer, Trash, Water
  • Association Fee Frequency: Monthly
  • Phone: lora@ksmanagement.org
  • Association Fee: 549
  • Association Contact: www.ksmanagementservices.com
  • Association Fee: Yes

Schools

  • School District: Novi

Lot Info

  • Lot Features: Water View
  • Parcel Number: 2219101059

Rental Info

  • Tenant Amenities: Fitness Center

Tax Info

  • Tax Amount Summer: 8930.0000
  • Tax Amount Winter: 3273.0000
  • Total Tax: 12203.0000
  • Taxable Value: 235150.0000

MLS Schools

  • School District: Novi

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2024
Closed on
May 10, 2024
Sold by
Gao Xiao-Jie and Gao Xiaojie
Bought by
Moroso Wayne and Wilkinson Karen
Seller's Agent
Fei Gao
National Realty Centers, Inc
Buyer's Agent
Abe Qassis
RE/MAX Classic
List Price
$675,000
Sold Price
$675,000
Views
59
Current Estimated Value
$707,679

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,679
Avg. Annual Appreciation
3.59%

Purchase Details

Closed on
Sep 30, 2011
Sold by
Harris Michael and Harris Olida
Bought by
Gao Xiaojie

Purchase Details

Closed on
Jul 16, 2004
Sold by
Toll Mi Ii Lp
Bought by
Harris Michael and Harris Olida

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.4%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

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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
Moroso Wayne $675,000 None Listed On Document
Moroso Wayne $675,000 None Listed On Document
Gao Xiaojie $430,000 Liberty Title
Harris Michael $563,006 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Harris Michael F $85,000
Previous Owner Harris Michael F $100,000
Previous Owner Harris Michael F $333,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2024 05/14/24 Sold $675,000 0.0% $273 / Sq Ft
05/07/2024 05/07/24 Pending -- -- --
04/26/2024 04/26/24 For Sale $675,000 0.0% $273 / Sq Ft
06/29/2022 06/29/22 Rented $4,100 +2.5% --
06/27/2022 06/27/22 Under Contract -- -- --
06/14/2022 06/14/22 For Rent $4,000 -- --
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 $7,370 $309,670 $0 $0
2022 $11,780 $296,640 $0 $0
2020 $8,234 $302,100 $76,000 $226,100
2015 -- $267,950 $0 $0
2014 -- $233,950 $0 $0
2011 -- $185,250 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2024

    Fei Gao

    National Realty Centers, Inc

    (248) 468-1444

    1 in this area

    4 Total Sales

    Fei Gao
    Section Image
  • Abe Qassis

    Buyer's Agent in 2024

    Abe Qassis

    RE/MAX of Southeast Michigan

    (734) 718-4455

    2 in this area

    84 Total Sales

    Abe Qassis
    Section Image

  • B

    Buyer's Agent in 2022

    Birgit Maun

    Keller Williams Advantage

    (248) 380-8800

    101 Total Sales

    Birgit Maun
    Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 20240024857

Realcomp

APN: 22-19-101-059

Michigan Oakland County Novi 48374 Island Lake

25678 Island Lake Dr Unit 59, Novi, MI

This home is located at 25678 Island Lake Dr Unit 59, Novi, MI 48374 since 26 April 2024 and is currently estimated at $707,679, approximately $285 per square foot. This property was built in 2004. 25678 Island Lake Dr Unit 59 is a home located in Oakland County with nearby schools including Novi High School, Deerfield Elementary School, and Novi Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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