NOT LISTED FOR SALE

49641 Timber Trail Unit 5 Novi, MI 48374

Island Lake Neighborhood

Estimated Value: $566,354 - $635,000

3 Beds
2.5 Baths
2,432 Sq Ft
$400/mo HOA Fee

Last Sold July 09, 2013

Last sale price $395,000 $162 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $4,131/month

Highlights

  • Lake Privileges
  • Clubhouse
  • Wooded Lot
  • Novi High School Rated A+
  • Deck
  • 2 Car Direct Access Garage

About This Home

As of July 2013

This home is located at 49641 Timber Trail Unit 5, Novi, MI 48374 since 21 May 2013 and is currently estimated at $595,589, approximately $244 per square foot. This property was built in 2004. 49641 Timber Trail Unit 5 is a home located in Oakland County with nearby schools including Novi High School, Deerfield Elementary School, and Novi Middle School.

Last Agent to Sell the Property

Paul Mruk

RE/MAX Classic License #6501241822 Listed on: 05/21/2013

RE/MAX Classic

Last Buyer's Agent

Paul Mruk

RE/MAX Classic License #6501241822 Listed on: 05/21/2013

RE/MAX Classic

Property Details

Home Type

  • Condominium

Est. Annual Taxes

Year Built

  • Built in 2004

Lot Details

  • Wooded Lot

HOA Fees

  • $400 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Stone Siding

Interior Spaces

  • 2,432 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Great Room with Fireplace
  • Unfinished Basement
  • Sump Pump

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • 2 Car Direct Access Garage
  • Garage Door Opener

Outdoor Features

  • Lake Privileges
  • Deck
  • Exterior Lighting
  • Porch

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 2218451005

Community Details

Overview

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

Amenities

  • Clubhouse

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,892

Year Built

Built in 2004

Lot Details

0

HOA Fees

$400 per month

Listing Details

  • Property Type: Condominium
  • Architecture Level: 2 Story
  • Year Built: 2004
  • Foundation Features: Sump Pump
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available
  • Fireplace: Yes
  • Fireplace Fuel: Gas
  • Fireplace Locations: Great Room
  • Room Count: 12
  • Total Bedrooms: 3
  • Total Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Kitchen Appliances: Dishwasher, Microwave, Range/Stove
  • Sq Ft Combined: 2432
  • Total Sq Ft: 2432

Exterior Features

  • Waterfront Name: ISLAND LAKE
  • Foundation Details: Basement
  • Construction Materials: Brick, Stone
  • Exterior Features: Club House, Grounds Maintenance, Lighting
  • Porch Type: Deck, Porch
  • Road Frontage Type: Paved, Pub. Sidewalk
  • Waterfront Description: Lake/River Priv

Garage/Parking

  • Garage Size: 2 Car
  • Garage Features: Direct Access, Electricity, Door Opener
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: 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

  • HOA Fee Includes: Water
  • Association Fee Frequency: Monthly
  • Association Fee: 400
  • Association Fee: No

Schools

  • School District: Novi

Lot Info

  • Homestead: Yes
  • Lot Features: Wooded
  • Parcel Number: 2218451005

Tax Info

  • Tax Amount Summer: 4011.0000
  • Tax Amount Winter: 881.0000
  • Total Tax: 4892.0000

Multi Family

  • Waterfront Features: Swim Association

MLS Schools

  • School District: Novi

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 30, 2022
Sold by
Lowenstein Myong C
Bought by
Myong C Lowenstein Revocable Trust
Current Estimated Value
$595,589

Purchase Details

Listed on
May 21, 2013
Closed on
Jul 3, 2013
Sold by
Liu William W and Liu Anne M
Bought by
Lowenstein Glenn and Lowenstein Myong
Seller's Agent
Paul Mruk
RE/MAX Classic
Buyer's Agent
Paul Mruk
RE/MAX Classic
List Price
$400,000
Sold Price
$395,000
Premium/Discount to List
-$5,000
-1.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.40%
Original Mortgage
$316,000
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 31, 2004
Sold by
Toll Mi Ii Lp
Bought by
Liu William W and Liu Anne M
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
Myong C Lowenstein Revocable Trust -- None Listed On Document
Myong C Lowenstein Revocable Trust -- None Listed On Document
Lowenstein Glenn $395,000 None Available
Liu William W $431,762 First American Title
Liu William W $431,762 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lowenstein Glenn $316,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/09/2013 07/09/13 Sold $395,000 -1.3% $162 / Sq Ft
05/21/2013 05/21/13 Pending -- -- --
05/21/2013 05/21/13 For Sale $400,000 -- $164 / 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 $6,884 $245,130 $0 $0
2022 $7,637 $227,680 $0 $0
2020 $6,215 $223,850 $44,000 $179,850
2015 -- $208,700 $0 $0
2014 -- $182,250 $0 $0
2011 -- $121,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Paul Mruk

    Seller's Agent in 2013

    Paul Mruk

    RE/MAX of Southeast Michigan

    (248) 760-5008

    20 in this area

    275 Total Sales

    Paul Mruk
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Map

Source: Realcomp

MLS Number: 213048632

Realcomp

APN: 22-18-451-005

Michigan Oakland County Novi 48374 Island Lake

49641 Timber Trail Unit 5, Novi, MI

This home is located at 49641 Timber Trail Unit 5, Novi, MI 48374 since 21 May 2013 and is currently estimated at $595,589, approximately $244 per square foot. This property was built in 2004. 49641 Timber Trail Unit 5 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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