NOT LISTED FOR SALE

50140 Drakes Bay Dr Unit 23 Novi, MI 48374

Island Lake Neighborhood

Estimated Value: $1,364,000 - $2,537,000

5 Beds
5 Baths
5,982 Sq Ft
$330/Sq Ft Est. Value

About This Home

This home is located at 50140 Drakes Bay Dr Unit 23, Novi, MI 48374 and is currently estimated at $1,971,582, approximately $329 per square foot. 50140 Drakes Bay Dr Unit 23 is a home located in Oakland County with nearby schools including Novi High School, Deerfield Elementary School, and Novi Middle School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 9, 2020
Sold by
Hellweg Stefan and Hellweg Ulrike
Bought by
Hellweg Stefan and Franz Wilhelm Stephan
Current Estimated Value
$1,971,582

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$883,000
Outstanding Balance
$766,215
Interest Rate
2.37%
Mortgage Type
New Conventional
Estimated Equity
$1,205,367

Purchase Details

Closed on
Oct 26, 2006
Sold by
Toll Mi Ii Lp
Bought by
Hellweg Stefan and Hellweg Ulrike

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

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Quantarium

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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
Hellweg Stefan -- None Available
Hellweg Stefan $1,271,868 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hellweg Stefan $883,000
Closed Hellweg Stefan $400,000
Source: Public Records

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 $21,088 $1,056,610 $0 $0
2022 $19,173 $980,440 $0 $0
2020 $18,980 $905,200 $166,000 $739,200
2015 -- $976,550 $0 $0
2014 -- $914,500 $0 $0
2011 -- $553,200 $0 $0
Source: Public Records

Map

Michigan Oakland County Novi 48374 Island Lake

50140 Drakes Bay Dr Unit 23, Novi, MI

This home is located at 50140 Drakes Bay Dr Unit 23, Novi, MI 48374 and is currently estimated at $1,971,582, approximately $329 per square foot. 50140 Drakes Bay Dr Unit 23 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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