NOT LISTED FOR SALE

26384 Island Lake Dr Unit 67 Novi, MI 48374

Island Lake Neighborhood

Estimated Value: $468,383 - $505,000

3 Beds
2.5 Baths
2,060 Sq Ft
$233/Sq Ft Est. Value

Last Sold August 26, 2022

Last sale price $422,000 $205 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $3,110/month

Highlights

  • Outdoor Pool
  • No HOA
  • Forced Air Heating System
  • Novi High School Rated A+
  • 2 Car Attached Garage

About This Home

As of July 2023

Great location in the desirable Island Lake of Novi. This bright 3 bedroom, 2.5 bath condo offers an open floor plan with a daylight basement, fireplace in the great room, skylight in the breakfast room. Primary bedroom with vaulted ceiling and walk-in closet. Walking distance to Deerfield Elementary and Novi Middle school! Easy access to freeway. Enjoy the private lake and the amenities! No smokers, No pets. All measurements are approximate. Application must include letter of employment showing that the income is 3X of monthly rent or greater, full credit report showing credit score 750 or better, and must be approved by the homeowner. Long term corporate lease preferred.

Last Agent to Rent the Property

Lisa Chung

Real Estate One-Northville License #6501363268 Listed on: 07/10/2023

Real Estate One-Northville

Last Renter's Agent

Naoko Marsh

Relo Redac, Inc License #6501426698

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $5,982

Year Built

  • Built in 2002

Lot Details

  • 31.52

Parking

  • 2 Car Attached Garage

Home Design

  • Poured Concrete
  • Stone Siding
  • Vinyl Construction Material

Interior Spaces

  • 2,060 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Outdoor Pool
  • Property fronts a private road
  • Ground Level

Listing and Financial Details

  • Security Deposit $4,650
  • Assessor Parcel Number 2218401067

Community Details

Overview

  • No Home Owners Association
  • Island Lake Arbors Condo Subdivision

Recreation

  • Community Pool

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,982

Year Built

Built in 2002

Lot Details

0

Rental Info

  • Lease Type: Condominium
  • Rent Includes: Association Fee, Snow Removal, Trash Collection (Garbage Pickup), Water, Yard Maintenance
  • Security Deposit: 4650.00

Listing Details

  • Property Type: Condominium
  • Architecture Style: Townhouse
  • Architecture Level: 2 Story
  • Year Built: 2002
  • Entry Location: Ground Level w/Steps
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 2

Interior Features

  • Room Count: 11
  • Total Bedrooms: 3
  • Total Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 2060
  • Total Sq Ft: 2060
  • Sq Ft Total Bsmt: 936

Exterior Features

  • Pool: Yes
  • Foundation Details: Basement
  • Construction Materials: Stone, Vinyl
  • Exterior Features: Pool – Community
  • Foundation Materials: Poured
  • Road Frontage Type: Private

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)
  • Laundry Facilities: No

Condo/Co-op/Association

  • Association Fee: No

Fee Information

  • Additional Fee: 350.00

Schools

  • School District: Novi

Lot Info

  • Parcel Number: 2218401067

Multi Family

  • Length of Lease: 25-36 Months, 37-48 Months, 49-60 Months

MLS Schools

  • School District: Novi

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2022
Closed on
Aug 26, 2022
Sold by
Gaddam and Shailaja
Bought by
Park Seungbae and Kim Kyunghee
Seller's Agent
George Miculici
ERA Prime Real Estate Group
Buyer's Agent
Lisa Chung
Real Estate One-Northville
List Price
$424,999
Sold Price
$422,000
Premium/Discount to List
-$2,999
-0.71%
Views
2
Current Estimated Value
$480,096

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,096
Avg. Annual Appreciation
4.36%
Original Mortgage
$222,000
Outstanding Balance
$189,860
Interest Rate
4.58%
Mortgage Type
New Conventional
Estimated Equity
$290,236

Purchase Details

Closed on
Apr 21, 2009
Sold by
Nichols Judy G
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
Aug 29, 2002
Sold by
Toll Mi Ii Lp
Bought by
Nichols Judith G
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
Park Seungbae $422,000 --
Federal Home Loan Mortgage Corp $233,204 None Available
Nichols Judith G $286,110 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Park Seungbae $222,000
Previous Owner Gaddam Shailaja $155,677
Previous Owner Nichols Judy G $225,000
Previous Owner Nichols Judy G $20,000
Previous Owner Nichols Judith G $225,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2023 07/18/23 Rented $3,200 +3.2% --
07/18/2023 07/18/23 Under Contract -- -- --
07/10/2023 07/10/23 For Rent $3,100 0.0% --
08/26/2022 08/26/22 Sold $422,000 -0.7% $205 / Sq Ft
07/07/2022 07/07/22 Pending -- -- --
07/01/2022 07/01/22 Price Changed $424,998 0.0% $206 / Sq Ft
06/10/2022 06/10/22 For Sale $424,999 0.0% $206 / Sq Ft
02/11/2021 02/11/21 Rented $2,500 -2.0% --
02/04/2021 02/04/21 Under Contract -- -- --
01/04/2021 01/04/21 For Rent $2,550 -- --
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 $5,982 $190,510 $0 $0
2022 $5,074 $174,940 $0 $0
2020 $4,181 $171,900 $34,000 $137,900
2015 -- $149,150 $0 $0
2014 -- $134,650 $0 $0
2011 -- $97,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lisa Chung

    Landlord's Agent in 2023

    Lisa Chung

    Real Estate One

    (248) 756-7910

    3 in this area

    51 Total Sales

    Lisa Chung
    Section Image

  • N

    Tenant's Agent in 2023

    Naoko Marsh

    Relo Redac, Inc

    (248) 330-0200

    1 in this area

    11 Total Sales

    Naoko Marsh
    Section Image
  • George Miculici

    Seller's Agent in 2022

    George Miculici

    ERA Prime Real Estate Group

    (248) 802-3855

    2 in this area

    15 Total Sales

    George Miculici
    Section Image

  • S

    Buyer's Agent in 2021

    Shinya Murashima

    Relo Redac, Inc

    Section Image
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Map

Source: Realcomp

MLS Number: 20230055514

Realcomp

APN: 22-18-401-067

Michigan Oakland County Novi 48374 Island Lake

26384 Island Lake Dr Unit 67, Novi, MI

This home is located at 26384 Island Lake Dr Unit 67, Novi, MI 48374 since 10 July 2023 and is currently priced at $480,096. This property was built in 2002. 26384 Island Lake Dr Unit 67 is a home located in Oakland County with nearby schools including Novi High School, Deerfield Elementary School, and Novi Middle School.

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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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