NOT LISTED FOR SALE

47578 Villa Terrace Ct Novi, MI 48374

Estimated Value: $955,441 - $1,117,000

4 Beds
3.5 Baths
3,673 Sq Ft
$277/Sq Ft Est. Value

Last Sold February 24, 2021

Last sale price $707,000 $192 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $6,401/month

114 Days on Market

Highlights

  • New Construction
  • Colonial Architecture
  • Covered Patio or Porch
  • Novi High School Rated A+
  • Ground Level Unit
  • 3 Car Attached Garage

About This Home

As of February 2021

Step into the gorgeous 3678 Sq.ft. home and see all the amazing amenities! As you walk through the first floor you can't help but notice the beautiful hardwood floors, gourmet kitchen w/butler's pantry and quartz counters. There is a marvelous sunroom and 8' solid core doors thought the home. The second floor has an impressive loft that is perfect to use a an extra entertaining space! Also featured is a princess suite and spacious master suite with a deluxe master bath and free standing tub.

Last Agent to Sell the Property

Scott Fader

M/I Homes of Michigan, LLC License #6502430975 Listed on: 09/18/2020

Last Buyer's Agent

Ashura Johnson

EXP Realty LLC License #RCO-6501401618

EXP Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 2020 | New Construction

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 95x137x95x134

HOA Fees

  • $88 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 3,673 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Family Room with Fireplace
  • Carbon Monoxide Detectors

Kitchen

  • Convection Oven
  • Electric Cooktop
  • Range Hood
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms

Basement

  • Interior Basement Entry
  • Sump Pump
  • Basement Window Egress

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Programmable Thermostat
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Covered Patio or Porch
  • Ground Level Unit

Community Details

  • Valencia South Estates Occpn 2150 Subdivision

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Assessor Parcel Number 2229227064

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,237

Year Built

Built in 2020 | New Construction

Lot Details

0

HOA Fees

$88 per month

Listing Details

  • Property Type: Residential
  • Architecture Style: Colonial, Neoclassical
  • Architecture Level: 2 Story
  • Warranty: Yes
  • Year Built: 2020
  • State Equalized Value: 62500.0000
  • Foundation Features: Drainage System | Insulating Concrete Forms | Sump Pump
  • Entry Location: Ground Level
  • Pets Allowed: Yes
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available, Carbon Monoxide Alarm(s), Egress Window(s), Programmable Thermostat
  • Fireplace: Yes
  • Fireplace Fuel: Gas
  • Fireplace Locations: Family Room
  • Total Bedrooms: 4
  • Total Bathrooms: 3.10
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Interior Entry (Interior Access)
  • Kitchen Appliances: Electric Cooktop, Dishwasher, Microwave, Convection Oven, Range Hood
  • Total Sq Ft: 3673

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick, Composition
  • Construction Features: New Construction, Quick Delivery Home
  • Foundation Materials: Poured
  • Porch Type: Porch - Covered
  • Road Frontage Type: Paved

Garage/Parking

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

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Electric
  • Water Source: Water at Street
  • Laundry Facilities: No

Condo/Co-op/Association

  • Association Fee Frequency: Monthly
  • Association Fee: 88
  • Association Fee: Yes

Lot Info

  • List Price per Acre: 2507982.7586
  • Lot Size Area: 0.29
  • Lot Dimensions: 95x137x95x134
  • Parcel Number: 2229227064

Tax Info

  • Tax Amount Summer: 2384.0000
  • Tax Amount Winter: 853.0000
  • Total Tax: 3237.0000
  • Taxable Value: 62500.0000

MLS Schools

  • School District: Novi

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 18, 2020
Closed on
Feb 12, 2021
Sold by
M I Homes Of Michigan Llc
Bought by
Hines Gregory and Hines Tanya
Seller's Agent
Scott Fader
M/I Homes of Michigan, LLC
Buyer's Agent
Ashura Johnson
EXP Realty LLC
List Price
$721,145
Sold Price
$707,000
Premium/Discount to List
-$14,145
-1.96%
Current Estimated Value
$1,017,610

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$310,610
Avg. Annual Appreciation
8.11%
Original Mortgage
$565,600
Outstanding Balance
$505,867
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$511,743
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
Hines Gregory $707,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hines Gregory $565,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/24/2021 02/24/21 Sold $707,000 -2.8% $192 / Sq Ft
01/11/2021 01/11/21 Pending -- -- --
12/18/2020 12/18/20 Price Changed $727,315 +0.4% $198 / Sq Ft
11/02/2020 11/02/20 Price Changed $724,315 +0.5% $197 / Sq Ft
09/21/2020 09/21/20 Price Changed $721,065 0.0% $196 / Sq Ft
09/18/2020 09/18/20 For Sale $721,145 -- $196 / 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 $11,714 $372,080 $0 $0
2020 $3,240 $62,500 $62,500 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2200077343

Realcomp

APN: 22-29-227-064