NOT LISTED FOR SALE

49702 Timber Trail Unit 25 Novi, MI 48374

Island Lake Neighborhood

Estimated Value: $598,000 - $691,000

4 Beds
3.5 Baths
2,658 Sq Ft
$520/mo HOA Fee

Last Sold June 11, 2024

Last sale price $590,000 $222 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $4,588/month

4 Days on Market

Highlights

  • Boat Facilities
  • Beach Access
  • Lake Privileges
  • Deerfield Elementary School Rated A+
  • Outdoor Pool
  • 4-minute walk to Island Lake of Novi North Park

About This Home

As of June 2024

Welcome to Island Lake Novi, where luxury meets comfort in this exquisite 4 bedroom, 3.5 bathroom condominium spanning 2,658 square feet of living space. Step into elegance as you enter this meticulously crafted home, featuring spacious rooms and soaring ceiling. The home's layout seamlessly connects the living room, dining area, and kitchen, perfect for entertaining guests or enjoying family time. The gourmet kitchen boasts sleek granite countertops, beautiful cabinetry, and stainless steel appliances, making cooking a joy for any chef. A breakfast bar provides additional seating for casual meals or a quick morning coffee. Retreat to the primary suite upstairs overlooking the wooded private backyard. Princess suite on the second floor is attached to the main full bath. Additional bedroom and third floor loft are perfect for house guests or work from home office space. The lower level has daylight windows, cozy living space, full bathroom and a wet bar with tons of cabinets for storage. Located in the desirable Island Lake community, residents have access to a variety of amenities, including walking trails, parks, and a clubhouse with a fitness center and swimming pool. Wixom Rd construction - northbound traffic only.

Last Agent to Sell the Property

Marianne Prokop

Real Estate One-Northville License #6501268081 Listed on: 05/01/2024

Real Estate One-Northville

Co-Listed By

Nick Prokop

Real Estate One-Northville License #6501390267

Last Buyer's Agent

Mark Mcdonald

Keller Williams Advantage License #6501389315

Keller Williams Advantage

Property Details

Home Type

  • Condominium

Est. Annual Taxes

Year Built

  • Built in 2002

Lot Details

  • Private Entrance
  • Sprinkler System

HOA Fees

  • $520 Monthly HOA Fees

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Poured Concrete
  • Asphalt Roof
  • Stone Siding

Interior Spaces

  • 2,658 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Bar Fridge
  • Ceiling Fan
  • Living Room with Fireplace
  • Dryer

Kitchen

  • Built-In Electric Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms

Finished Basement

  • Fireplace in Basement
  • Natural lighting in basement

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Outdoor Features

  • Outdoor Pool
  • Beach Access
  • Boat Facilities
  • Lake Privileges
  • Deck
  • Patio
  • Exterior Lighting

Location

  • Ground Level

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 2218451025

Community Details

Overview

  • Ks Management Association, Phone Number (734) 285-4442
  • Island Lake North Woods Occpn 1415 Subdivision
  • On-Site Maintenance

Amenities

  • Clubhouse
  • Laundry Facilities

Recreation

  • Community Pool
  • Tennis Courts

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,232

Year Built

Built in 2002

Lot Details

0

HOA Fees

$520 per month

Listing Details

  • Property Type: Condominium
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Assessment: 112.00; TRASH FEE 010
  • Year Built: 2002
  • State Equalized Value: 267730.0000
  • Entry Location: Ground Level w/Steps
  • Pets Allowed: Call, Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Interior Amenities: Wet Bar
  • Fireplace: Yes
  • Fireplace Locations: Basement, Living Room
  • Room Count: 15
  • Total Bedrooms: 4
  • Total Bathrooms: 3.10
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Daylight, Finished
  • Kitchen Appliances: Built-In Electric Oven, Dishwasher, Disposal, Dryer, Free-Standing Refrigerator, Gas Cooktop, Microwave, Stainless Steel Appliance(s), Bar Fridge
  • Sq Ft Combined: 3758
  • Sq Ft Lower Floor: 1100
  • Total Sq Ft: 2658
  • Sq Ft Total Bsmt: 1276

Exterior Features

  • Roof Material: Asphalt
  • Waterfront Name: Island Lake of Novi
  • Pool: Yes
  • Foundation Details: Basement
  • Construction Materials: Brick, Stone, Wood
  • Exterior Features: Tennis Court, Club House, Grounds Maintenance, Lighting, Private Entry, Pool – Community
  • Foundation Materials: Poured
  • Porch Type: Deck, Patio
  • Road Frontage Type: Paved
  • Waterfront Description: Beach Access, Lake Privileges

Garage/Parking

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

Condo/Co-op/Association

  • HOA Fee Includes: Snow Removal, Maintenance Grounds
  • Association Fee Frequency: Monthly
  • Phone: 734-285-4442
  • Association Fee: 520
  • Association Contact: KS Management
  • Association Fee: Yes

Schools

  • School District: Novi

Lot Info

  • Homestead: Yes
  • Lot Features: Sprinkler(s)
  • Parcel Number: 2218451025

Rental Info

  • Tenant Amenities: Fitness Center

Tax Info

  • Tax Amount Summer: 7640.0000
  • Tax Amount Winter: 1592.0000
  • Total Tax: 9232.0000
  • Taxable Value: 255640.0000

Multi Family

  • Waterfront Features: Boat Facilities

MLS Schools

  • School District: Novi

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2024
Closed on
Jun 11, 2024
Sold by
Pyden Thomas J
Bought by
Pyden Thomas J and Seethamraju Sindhu
Seller's Agent
Marianne Prokop
Real Estate One-Northville
Buyer's Agent
Mark Mcdonald
Keller Williams Advantage
List Price
$589,900
Sold Price
$590,000
Premium/Discount to List
$100
0.02%
Total Days on Market
4
Views
46
Current Estimated Value
$641,344

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,344
Avg. Annual Appreciation
8.98%
Original Mortgage
$472,000
Outstanding Balance
$455,775
Interest Rate
6.28%
Mortgage Type
New Conventional
Estimated Equity
$185,569

Purchase Details

Closed on
Oct 31, 2019
Sold by
Pyden Thomas J
Bought by
Pyden Thomas J and Thomas J Pyden Trust

Purchase Details

Listed on
Jul 23, 2015
Closed on
Oct 23, 2015
Sold by
Vartanian Patricia A and Patricia A Vartanian Revocable
Bought by
Pyden Thomas J
Seller's Agent
Patricia Zielinski
Coldwell Banker Realty-Commerce
Buyer's Agent
Marianne Prokop
Real Estate One-Northville
List Price
$479,000
Sold Price
$429,000
Premium/Discount to List
-$50,000
-10.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.27%

Purchase Details

Closed on
Dec 11, 2012
Sold by
Vartanian Patricia A and Patricia A Vartanian Revocable
Bought by
Vartanian Michael G and Vartanian Patricia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
3.34%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 21, 2005
Sold by
Vartanian Patricia A
Bought by
Vartanian Patricia A and Patricia A Vartanian Revocable Trust

Purchase Details

Closed on
Apr 29, 2003
Sold by
Toll Mi Ii Lp
Bought by
Vartanian Michael G and Vartanian Patricia A
Source: Public Records

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Range of Values:

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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
Pyden Thomas J $590,000 Title One
Pyden Thomas J -- None Available
Pyden Thomas J $429,000 Bankers Title Settlement Svc
Vartanian Michael G -- None Available
Vartanian Patricia A -- None Available
Vartanian Patricia A -- --
Vartanian Patricia A -- --
Vartanian Michael G $412,656 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Seethamraju Sindhu $472,000
Previous Owner Pyden Thomas J $343,200
Previous Owner Vartanian Michael G $212,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/11/2024 06/11/24 Sold $590,000 0.0% $222 / Sq Ft
05/06/2024 05/06/24 Pending -- -- --
05/01/2024 05/01/24 For Sale $589,900 +37.5% $222 / Sq Ft
10/23/2015 10/23/15 Sold $429,000 -10.4% $161 / Sq Ft
10/02/2015 10/02/15 Pending -- -- --
07/23/2015 07/23/15 For Sale $479,000 -- $180 / 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 $7,974 $267,730 $0 $0
2022 $8,874 $248,380 $0 $0
2020 $7,357 $236,750 $44,000 $192,750
2015 -- $208,000 $0 $0
2014 -- $168,950 $0 $0
2011 -- $117,050 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20240027566

Realcomp

APN: 22-18-451-025