NOT LISTED FOR SALE

50254 Drakes Bay Dr Unit Bldg-Unit Novi, MI 48374

Island Lake Neighborhood

Estimated Value: $1,053,000 - $1,981,944

4 Beds
5 Baths
4,159 Sq Ft
$401/Sq Ft Est. Value

About This Home

This home is located at 50254 Drakes Bay Dr Unit Bldg-Unit, Novi, MI 48374 and is currently estimated at $1,668,315, approximately $401 per square foot. 50254 Drakes Bay Dr Unit Bldg-Unit 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
Aug 6, 2012
Sold by
Murphy Michael and Murphy Sandra
Bought by
Liao Jen Chin and Shen Ruey Min
Current Estimated Value
$1,668,315

Purchase Details

Closed on
Aug 9, 2005
Sold by
Murphy Michael
Bought by
Murphy Michael and Kadykowski Sandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$958,200
Interest Rate
5.62%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 22, 2005
Sold by
Toll Mi Ii Limited Partnership
Bought by
Murphy Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$958,200
Interest Rate
5.62%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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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

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Liao Jen Chin $1,225,000 None Available
Murphy Michael -- First American Title
Murphy Michael $1,197,848 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Murphy Michael $958,200
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 $19,552 $810,380 $0 $0
2022 $21,612 $755,190 $0 $0
2020 $17,600 $696,600 $166,000 $530,600
2015 -- $695,150 $0 $0
2014 -- $653,600 $0 $0
2011 -- $417,650 $0 $0
Source: Public Records

Map

Michigan Oakland County Novi 48374 Island Lake

50254 Drakes Bay Dr Unit Bldg-Unit, Novi, MI

This home is located at 50254 Drakes Bay Dr Unit Bldg-Unit, Novi, MI 48374 and is currently estimated at $1,668,315, approximately $401 per square foot. 50254 Drakes Bay Dr Unit Bldg-Unit 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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