NOT LISTED FOR SALE

50292 Drakes Bay Dr Unit Bldg-Unit Novi, MI 48374

Island Lake Neighborhood

Estimated Value: $1,052,000 - $2,078,000

4 Beds
5 Baths
4,879 Sq Ft
$347/Sq Ft Est. Value

About This Home

This home is located at 50292 Drakes Bay Dr Unit Bldg-Unit, Novi, MI 48374 and is currently estimated at $1,691,784, approximately $346 per square foot. 50292 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
Mar 20, 2020
Sold by
Bhatti Paul and Bhatti Alison
Bought by
Bhatti Family Trust
Current Estimated Value
$1,691,784

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$964,000
Outstanding Balance
$843,229
Interest Rate
2.87%
Mortgage Type
New Conventional
Estimated Equity
$848,555

Purchase Details

Closed on
May 1, 2018
Sold by
Saha Reshmi and Saha Swarup
Bought by
Bhatti Paul and Bhatti Alison

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$985,000
Interest Rate
4.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 5, 2012
Sold by
Chandran Arun and Mitr Mamatha A
Bought by
Saha Swarup and Saha Reshmi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$918,000
Interest Rate
3.52%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 12, 2008
Sold by
Chandran Arun and Mitr Mamatha A
Bought by
Chandran Arun and Mitr Mamatha A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
5.79%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
Bhatti Family Trust -- None Available
Bhatti Paul $1,315,000 None Available
Saha Swarup $1,225,000 Hometown One Title Agency Ll
Chandran Arun -- Title Resource
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bhatti Family Trust $964,000
Closed Bhatti Paul $985,000
Previous Owner Saha Swarup $918,000
Previous Owner Chandran Arun $417,000
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 $23,699 $853,850 $0 $0
2022 $27,736 $794,790 $0 $0
2020 $22,639 $733,450 $166,000 $567,450
2015 -- $735,900 $0 $0
2014 -- $691,050 $0 $0
2011 -- $442,300 $0 $0
Source: Public Records

Map

Michigan Oakland County Novi 48374 Island Lake

50292 Drakes Bay Dr Unit Bldg-Unit, Novi, MI

This home is located at 50292 Drakes Bay Dr Unit Bldg-Unit, Novi, MI 48374 and is currently estimated at $1,691,784, approximately $346 per square foot. 50292 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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