NOT LISTED FOR SALE

25997 Island Lake Dr Unit 40 Novi, MI 48374

Island Lake Neighborhood

Estimated Value: $578,956 - $681,000

3 Beds
2.5 Baths
2,432 Sq Ft
$485/mo HOA Fee

Last Sold January 23, 2019

Last sale price $437,000 $180 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $4,441/month

21 Days on Market

Highlights

  • Outdoor Pool
  • Lake Privileges
  • Clubhouse
  • Novi High School Rated A+
  • Cape Cod Architecture
  • 2-minute walk to Island Lake of Novi North Park

About This Home

As of January 2019

Welcome to 25997 Island Lake! This gorgeous end unit condo is located within the highly desirable community of Island Lake in Novi. Featuring 3 bedrooms & 2.1 bathrooms, an attached 2-car garage, and a first floor master! This condo is beautiful with a spacious great room, formal dining room, gourmet kitchen and breakfast nook, as well as an upper level loft as an additional recreation space. The master bedroom has an updated en suite bathroom with jetted tub, and a separate shower with glass door and beautiful tile. A covered porch offers plenty of shade for relaxing outdoors. This condo backs up to a wooded lot providing privacy for outdoor entertaining on the paver patio. Island Lake amenities include a club house, tennis court, community pool, as well as lake privileges. This community is within the award-winning Novi School District and is conveniently located near major thoroughfares, shopping, and entertainment.

Last Agent to Sell the Property

Jim DiMora

Keller Williams Advantage License #6501281879 Listed on: 12/14/2018

Keller Williams Advantage

Last Buyer's Agent

James Arminiak

National Realty Centers, Inc License #6501212947

National Realty Centers, Inc

Property Details

Home Type

  • Condominium

Est. Annual Taxes

Year Built

  • Built in 2003

Lot Details

  • End Unit
  • Private Entrance
  • Wooded Lot

HOA Fees

  • $485 Monthly HOA Fees

Home Design

  • Cape Cod Architecture
  • Brick Exterior Construction
  • Poured Concrete
  • Stone Siding

Interior Spaces

  • 2,432 Sq Ft Home
  • 1.5-Story Property
  • Ceiling Fan
  • Great Room with Fireplace
  • Security System Owned
  • Disposal
  • Unfinished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Jetted Tub in Primary Bathroom

Parking

  • 2 Car Direct Access Garage
  • Garage Door Opener

Outdoor Features

  • Outdoor Pool
  • Lake Privileges
  • Covered Patio or Porch

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 2218451040

Community Details

Overview

  • Island Lake North Woods Occpn 1415 Subdivision
  • On-Site Maintenance

Amenities

  • Clubhouse

Recreation

  • Community Pool
  • Tennis Courts

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,139

Year Built

Built in 2003

Lot Details

0

HOA Fees

$485 per month

Listing Details

  • Property Type: Condominium
  • Architecture Style: Cape Cod, End Unit
  • Architecture Level: 1 1/2 Story
  • Assessment: 73.44
  • Year Built: 2003
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Interior Amenities: Cable Available, High Spd Internet Avail, Jetted Tub, Security Alarm (owned)
  • Fireplace: Yes
  • Fireplace Locations: Great Room
  • Room Count: 11
  • Total Bedrooms: 3
  • Total Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Kitchen Appliances: Disposal
  • Sq Ft Combined: 2432
  • Total Sq Ft: 2432
  • Sq Ft Total Bsmt: 1528

Exterior Features

  • Waterfront Name: Island Lake
  • Pool: Yes
  • Foundation Details: Basement
  • Construction Materials: Brick, Stone
  • Exterior Features: Club House, Grounds Maintenance, Pool – Community, Private Entry, Tennis Court
  • Foundation Materials: Poured
  • Porch Type: Patio, Porch, Porch - Covered
  • Road Frontage Type: Paved
  • Waterfront Description: Lake/River Priv

Garage/Parking

  • Garage Size: 2 Car
  • Garage Features: Attached, Direct Access, 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
  • Association Fee: 485
  • Association Fee: Yes

Schools

  • School District: Novi

Lot Info

  • Homestead: Yes
  • Lot Features: Corner Lot, Wooded
  • Parcel Number: 2218451040

Tax Info

  • Tax Amount Summer: 6772.0000
  • Tax Amount Winter: 1367.0000
  • Total Tax: 8139.0000

MLS Schools

  • School District: Novi

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 14, 2018
Closed on
Jan 23, 2019
Sold by
Baker Drow F and Baker April K
Bought by
Faysal George and Faysal Vicki
Seller's Agent
Jim DiMora
Keller Williams Advantage
Buyer's Agent
James Arminiak
National Realty Centers, Inc
List Price
$450,000
Sold Price
$437,000
Premium/Discount to List
-$13,000
-2.89%
Current Estimated Value
$634,989

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$197,989
Avg. Annual Appreciation
5.71%

Purchase Details

Listed on
Aug 5, 2015
Closed on
Sep 25, 2015
Sold by
Vartanian Richard D and Vartanian Michael G
Bought by
Baker Drew F and Baker April K
Seller's Agent
Patricia Zielinski
Coldwell Banker Realty-Commerce
Buyer's Agent
Adam Somers
Keller Williams Advantage
List Price
$459,000
Sold Price
$425,000
Premium/Discount to List
-$34,000
-7.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.84%
Original Mortgage
$340,000
Interest Rate
3.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 27, 2011
Sold by
Semonian Gloria J and Vartanian Gloria I
Bought by
Vartanian Richard D

Purchase Details

Closed on
May 21, 2004
Sold by
Vartanian Richard D and Semonian Gloria I
Bought by
Vartanian Richard D and Vartanian Gloria I

Purchase Details

Closed on
Oct 30, 2003
Sold by
Toll Mi Ii Lp
Bought by
Vartanian Richard D and Semonian Gloria I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.81%
Mortgage Type
Unknown
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
Faysal George $437,000 Legacy Title Agency
Baker Drew F $425,000 Bankers Title Settlement Svc
Vartanian Richard D -- None Available
Vartanian Richard D -- Westminster Title Agency Inc
Vartanian Richard D $415,013 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Baker Drew F $340,000
Previous Owner Vartanian Richard D $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/23/2019 01/23/19 Sold $437,000 -2.9% $180 / Sq Ft
01/04/2019 01/04/19 Pending -- -- --
12/14/2018 12/14/18 For Sale $450,000 +5.9% $185 / Sq Ft
09/25/2015 09/25/15 Sold $425,000 -7.4% $175 / Sq Ft
08/27/2015 08/27/15 Pending -- -- --
08/05/2015 08/05/15 For Sale $459,000 -- $189 / 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 $7,233 $242,660 $0 $0
2022 $6,748 $225,460 $0 $0
2020 $6,894 $221,700 $44,000 $177,700
2015 -- $206,800 $0 $0
2014 -- $180,600 $0 $0
2011 -- $120,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jim DiMora

    Seller's Agent in 2019

    Jim DiMora

    Keller Williams Advantage

    (248) 505-7728

    7 in this area

    243 Total Sales

    Jim DiMora
    Section Image
  • James Arminiak

    Buyer's Agent in 2019

    James Arminiak

    National Realty Centers, Inc

    (734) 578-3217

    37 Total Sales

    James Arminiak
    Section Image

  • P

    Seller's Agent in 2015

    Patricia Zielinski

    Coldwell Banker Realty-Commerce

  • Adam Somers

    Buyer's Agent in 2015

    Adam Somers

    Keller Williams Advantage

    (734) 751-5508

    2 in this area

    81 Total Sales

    Adam Somers
    Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 218118174

Realcomp

APN: 22-18-451-040

Michigan Oakland County Novi 48374 Island Lake

25997 Island Lake Dr Unit 40, Novi, MI

This home is located at 25997 Island Lake Dr Unit 40, Novi, MI 48374 since 14 December 2018 and is currently estimated at $634,989, approximately $261 per square foot. This property was built in 2003. 25997 Island Lake Dr Unit 40 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.

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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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