NOT LISTED FOR SALE

50297 Drakes Bay Dr Unit 7 Novi, MI 48374

Island Lake Neighborhood

Estimated Value: $1,064,000 - $1,182,000

4 Beds
4.5 Baths
4,088 Sq Ft
$271/Sq Ft Est. Value

Last Sold June 21, 2019

Last sale price $745,000 $182 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $7,013/month

10 Days on Market

Highlights

  • Tennis Courts
  • Outdoor Pool
  • Clubhouse
  • Novi High School Rated A+
  • Colonial Architecture
  • Jetted Tub in Primary Bathroom

About This Home

As of June 2019

YOUR DREAM HOME AWAITS! DON'T MISS THIS STUNNING COLONIAL IN ISLAND LAKES W/AN AMAZING FIN WALK-UP LL! LOADED W/CUSTOM FINISHES & UPDATES. GREAT CURB APPEAL W/EXTENSIVE PAVER WALKWAYS, LANDSCAPING & FRESHLY PAINTED EXTERIOR. 2 STORY FOYER W/UPDATED DUAL IRON STAIRCASE WELCOMES YOU INSIDE THIS LOVELY SPACE. HARDWOOD FLRS IN LIVING, DINING & FOYER. 1ST FLR LIBRARY W/SLATE FLR & FRENCH DOORS. LARGE LIGHT FILLED SOLARIUM. GOURMET KIT W/GRANITE COUNTERS, LARGE CENTER ISLAND W/SEATING, RECESSED LIGHTING, TILE BACKSPLASH & SS APPLIANCES. MASTER SUITE BOASTS TREY CEILING, HUGE WALK-IN CLOSET & SITTING AREA. MASTER BATH HAS VANITY W/DUAL SINKS, SEPARATE SHOWER & JETTED TUB. ALL BEDS W/CLOSET ORGANIZERS. INTERIOR FRESHLY PAINTED & NEW CARPET. SPECTACULAR FIN WALK-UP LL W/GORGEOUS WET BAR W/CUSTOM STONE WORK, LARGE REC AREA W/NEW PLANK VINYL FLR, BUILT-INS & FULL UPDATED BATH. BEAUTIFULLY LANDSCAPED YARD W/MULTIPLE PAVER PATIOS W/RAISED GARDEN BEDS. FANTASTIC LOCATION IN SUB CLOSE TO CLUBHOUSE!

Last Agent to Sell the Property

Jamey Kramer

RE/MAX Classic License #6501261596 Listed on: 04/29/2019

RE/MAX Classic

Last Buyer's Agent

Brian Loussia

EXP Realty Main License #6501305055

EXP Realty Main

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 2004

Lot Details

  • Lot Dimensions are 105x160

HOA Fees

  • $112 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 4,088 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Bar Fridge
  • Ceiling Fan
  • Gas Fireplace
  • Great Room with Fireplace

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Jetted Tub in Primary Bathroom

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Up Access
  • Sump Pump
  • Fireplace in Basement

Parking

  • 3 Car Direct Access Garage
  • Garage Door Opener

Outdoor Features

  • Outdoor Pool
  • Tennis Courts
  • Patio
  • Exterior Lighting

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • High Speed Internet
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 2219376007

Community Details

Overview

  • Amp Association, Phone Number (248) 374-9375
  • Island Lake Orchards Condo Subdivision

Amenities

  • Clubhouse

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,367

Year Built

Built in 2004

Lot Details

0

HOA Fees

$112 per month

Listing Details

  • Property Type: Residential
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Assessment: 82.74
  • Year Built: 2004
  • Foundation Features: Sump Pump
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available, High Spd Internet Avail, Jetted Tub, Wet Bar
  • Fireplace: Yes
  • Fireplace Fuel: Gas
  • Fireplace Locations: Basement, Great Room
  • Room Count: 18
  • Total Bedrooms: 4
  • Total Bathrooms: 4.10
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Finished, Walk-Up Access
  • Kitchen Appliances: Bar Fridge, Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Range/Stove, Washer
  • Sq Ft Combined: 6088
  • Sq Ft Lower Floor: 2000
  • Total Sq Ft: 4088
  • Sq Ft Total Bsmt: 2260

Exterior Features

  • Roof Material: Asphalt
  • Pool: Yes
  • Foundation Details: Basement
  • Construction Materials: Brick, Stone
  • Exterior Features: Club House, Lighting, Pool – Community, Satellite Dish, Tennis Court
  • Foundation Materials: Poured
  • Frontage Feet: 105
  • Porch Type: Patio
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: 3 Car
  • Garage Features: Attached, Direct Access, Door Opener, Electricity
  • 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: No

Condo/Co-op/Association

  • Association Fee Frequency: Quarterly
  • Phone: 248-374-9375
  • Association Fee: 335
  • Association Contact: AMP
  • Association Fee: Yes

Schools

  • School District: Novi

Lot Info

  • Homestead: Yes
  • Lot Dimensions: 105X160
  • Parcel Number: 2219376007

Tax Info

  • Tax Amount Summer: 9450.0000
  • Tax Amount Winter: 1917.0000
  • Total Tax: 11367.0000

MLS Schools

  • School District: Novi

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 16, 2020
Sold by
Qatsha Patrick J and Qatsha Sonia
Bought by
Qatsha Patricia J and Qatsha Sonia L
Current Estimated Value
$1,108,687

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$482,150
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 14, 2019
Sold by
Qatsha Patrick and Qatsha Sonia
Bought by
Qatsha Patrick J and Qatsha Sonia L

Purchase Details

Listed on
Apr 29, 2019
Closed on
Jun 21, 2019
Sold by
Tonnos Fred E and Tonnos Jerilynn M
Bought by
Qatsha Patrick and Qatsha Sonia
Seller's Agent
Jamey Kramer
RE/MAX Classic
Buyer's Agent
Brian Loussia
EXP Realty Main
List Price
$775,000
Sold Price
$745,000
Premium/Discount to List
-$30,000
-3.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.41%
Original Mortgage
$484,300
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 18, 2011
Sold by
Revocable Trust Agreement Of Michael C W and Williams Michael C
Bought by
Tonnos Fred E and Tonnos Jerilynm

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,050
Interest Rate
4.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 26, 2009
Sold by
Williams Michael C
Bought by
Williams Michael C

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
4.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 22, 2008
Sold by
Brancheau Jon M and Brancheau Anne E
Bought by
Williams Michael C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$456,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 26, 2004
Sold by
Toll Mi Ii Lp
Bought by
Brancheau Jon M and Brancheau Anne E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$572,000
Interest Rate
4.12%
Mortgage Type
Unknown
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.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

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.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

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.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

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.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Qatsha Patricia J -- Amrock Inc
Qatsha Patrick J -- Amrock Inc
Qatsha Patrick J -- None Available
Qatsha Patrick $745,000 Title One Inc
Tonnos Fred E $592,000 Fnt
Williams Michael C -- None Available
Williams Michael C $570,000 None Available
Brancheau Jon M $715,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Qatsha Patrick $474,000
Closed Qatsha Patrick J $482,150
Closed Qatsha Patrick $484,300
Previous Owner Tonnos Frederick E $393,500
Previous Owner Thomas Fred E $550,050
Previous Owner Williams Michael C $100,000
Previous Owner Williams Michael C $417,000
Previous Owner Williams Michael C $456,000
Previous Owner Brancheau Jon M $417,000
Previous Owner Brancheau Jon M $417,000
Previous Owner Brancheau Jon M $155,000
Previous Owner Brancheau Jon M $129,000
Previous Owner Brancheau Jon M $572,000
Previous Owner Brancheau Jon M $71,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2019 06/21/19 Sold $745,000 -3.9% $182 / Sq Ft
05/09/2019 05/09/19 Pending -- -- --
04/29/2019 04/29/19 For Sale $775,000 -- $190 / 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 $11,930 $402,650 $0 $0
2022 $13,210 $363,180 $0 $0
2020 $12,214 $394,400 $71,500 $322,900
2015 -- $334,750 $0 $0
2014 -- $319,100 $0 $0
2011 -- $274,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jamey Kramer

    Seller's Agent in 2019

    Jamey Kramer

    RE/MAX of Southeast Michigan

    (248) 348-7200

    30 in this area

    249 Total Sales

    Jamey Kramer
    Section Image
  • Brian Loussia

    Buyer's Agent in 2019

    Brian Loussia

    EXP Realty Main

    (248) 252-1179

    97 Total Sales

    Brian Loussia
    Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 219036894

Realcomp

APN: 22-19-376-007

Michigan Oakland County Novi 48374 Island Lake

50297 Drakes Bay Dr Unit 7, Novi, MI

This home is located at 50297 Drakes Bay Dr Unit 7, Novi, MI 48374 since 29 April 2019 and is currently estimated at $1,108,687, approximately $271 per square foot. This property was built in 2004. 50297 Drakes Bay Dr Unit 7 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
Copyright 2025 Realcomp II Ltd. Shareholders
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

Nearby Homes