NOT LISTED FOR SALE

48601 W 11 Mile Rd Novi, MI 48374

Estimated Value: $782,000 - $1,439,000

13 Acres
$90,845 Price per Acre
563,231 Sq Ft Lot

Last Sold October 15, 2021

Last sale price $1,150,000

Est. 11% decrease in value since last sale

Current estimated payment $6,486/month

230 Days on Market

Highlights

  • Home fronts a pond
  • 12.93 Acre Lot
  • Level Lot
  • Deerfield Elementary School Rated A+

About This Lot

As of October 2021

Approximately 13 acres in the highly acclaimed Novi School District that is ready to be developed. This beautiful property has a gorgeous spring fed pond as well as a wooded area. Developers and builders please note that there is water and sewer available at the street. This is one of the few large remaining parcels in Novi. Don't miss out on this one. This is a great investment! There is currently an occupied home that is approximately 3000 square feet with 4 bedrooms and 3 baths on the property, along with a detached garage and a pole barn. This includes Property ID # 2220100007 and 2220100012. Lot dimensions shows size of both lots. Do not disturb occupants of the house. No entry to home without an accepted offer. All information is estimated and should be verified.

Last Agent to Sell the Property

David Misko

Van Esley Real Estate Inc License #6501351778 Listed on: 02/22/2021

Last Buyer's Agent

David Misko

Van Esley Real Estate Inc License #6501351778 Listed on: 02/22/2021

Property Details

Property Type

  • Land

Est. Annual Taxes

Lot Details

  • 12.93 Acre Lot
  • Lot Dimensions are 424 x 1329 x 424 x 1328
  • Home fronts a pond
  • Level Lot

Utilities

  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 2220100012

Property Details

Property Type

Land

Est. Annual Taxes

$7,219

Lot Details

0

Listing Details

  • Property Type: Vacant Land
  • Assessment: 86
  • State Equalized Value: 265319.0000
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Frontage Feet: 424
  • Road Frontage Type: Paved
  • Sideof Street: S
  • Waterfront Description: Pond

Utilities

  • Sewer: Septic Tank (Existing), Sewer at Street
  • Water Source: Well (Existing), Water at Street

Schools

  • School District: Novi

Lot Info

  • List Price per Acre: 92034.0200
  • Lot Features: Level
  • Lot Size Area: 12.93
  • Lot Dimensions: 424 x 1329 x 424 x 1328
  • Parcel Number: 2220100012
  • Zoning: Residential
  • Survey: Yes
  • Unit Per Acre: 1

Tax Info

  • Tax Amount Summer: 5935.4200
  • Tax Amount Winter: 1283.7000
  • Total Tax: 7219.1200
  • Taxable Value: 190210.0000

MLS Schools

  • School District: Novi

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 10, 2024
Sold by
Chitturi Prasad
Bought by
Gubbala Jnaneswar and Gubbala Mrinalini
Current Estimated Value
$1,025,097

Purchase Details

Listed on
Feb 22, 2021
Closed on
Oct 15, 2021
Sold by
Park Jung Rae and Park Soonja Jung
Bought by
Chitturi Prasad
Seller's Agent
David Misko
Van Esley Real Estate Inc
Buyer's Agent
David Misko
Van Esley Real Estate Inc
List Price
$1,190,000
Sold Price
$1,150,000
Premium/Discount to List
-$40,000
-3.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.56%

Purchase Details

Closed on
Aug 15, 2002
Sold by
Angelo Barbera Tr
Bought by
Park Jung R
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Gubbala Jnaneswar $1,325,000 None Listed On Document
Gubbala Jnaneswar $1,325,000 None Listed On Document
Chitturi Prasad $1,150,000 Fidelity National Title
Park Jung R $575,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Park Jung R $273,000
Previous Owner Park Jung Rae $444,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2021 10/15/21 Sold $1,150,000 -3.4% --
10/11/2021 10/11/21 Pending -- -- --
02/22/2021 02/22/21 For Sale $1,190,000 -- --
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 $10,473 $277,830 $0 $0
2022 $13,047 $247,760 $0 $0
2020 $5,237 $224,950 $132,050 $92,900
2015 -- $155,350 $0 $0
2014 -- $156,400 $0 $0
2011 -- $159,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • David Misko

    Seller's Agent in 2021

    David Misko

    Van Esley Real Estate Inc

    (248) 207-7388

    6 in this area

    60 Total Sales

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Map

Source: Realcomp

MLS Number: 2210011371

Realcomp

APN: 22-20-100-007

Michigan Oakland County Novi 48374

48601 W 11 Mile Rd, Novi, MI

This home is located at 48601 W 11 Mile Rd, Novi, MI 48374 since 22 February 2021 and is currently estimated at $1,174,621. 48601 W 11 Mile Rd is a home located in Oakland County with nearby schools including Deerfield Elementary School, Novi Middle School, and Novi High 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
Copyright 2025 Realcomp II Ltd. Shareholders
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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