NOT LISTED FOR SALE

50321 Drakes Bay Dr Unit 8 Novi, MI 48374

Island Lake Neighborhood

Estimated Value: $903,000 - $1,119,000

4 Beds
3.5 Baths
4,137 Sq Ft
$246/Sq Ft Est. Value

Highlights

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

About This Home

As of September 2022

Magnificent Island Lake Colonial located just steps away from the Clubhouse, Pool and extensive Island Lake amenities, rests on a lot with park-like views. Inside the double entry doors, hardwood floors lead from the foyer to an expansive 2 story great room with fireplace. The kitchen features granite countertops, stainless steel appliances, planning desk, and a large walk-in pantry. A generously proportioned breakfast area ensures plenty of space for large gatherings. The Primary bedroom suite comprises a den, multiple walk-in closets with organizers, updated primary bath with new Euro-glass shower door. New Washer and Dryer 2022 and many new light fixtures 2022. Walkup lower level. Expansive paver patio.

Last Agent to Rent the Property

Patrick Wong

Bake Real Estate License #6501351907 Listed on: 08/08/2022

Co-Listed By

Carrie Bake

Bake Real Estate License #6501346169

Last Renter's Agent

Nadine Nasrallah

National Realty Centers, Inc License #6501314489

National Realty Centers, Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,318

Year Built

  • Built in 2004

Lot Details

  • 0.44 Acre Lot
  • Lot Dimensions are 113 x 145 x 146 x 160
  • Sprinkler System

HOA Fees

  • $112 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 4,137 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Great Room with Fireplace

Kitchen

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

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Jetted Tub in Primary Bathroom

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Walk-Up Access
  • Sump Pump

Parking

  • 3 Car Direct Access Garage
  • Garage Door Opener

Outdoor Features

  • Outdoor Pool
  • Beach Access

Location

  • Ground Level

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Security Deposit $6,750
  • 12 Month Lease Term
  • Application Fee: 50.00
  • Assessor Parcel Number 2219376008

Community Details

Overview

  • Ks Management Association, Phone Number (734) 285-4442
  • Island Lake Orchards Condo Subdivision
  • Swim Association

Amenities

  • Clubhouse
  • Laundry Facilities

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,318

Year Built

Built in 2004

Lot Details

0

HOA Fees

$112 per month

Rental Info

  • Application Fee: 50.00
  • Lease Type: Single Family House
  • Rent Includes: Association Fee
  • Security Deposit: 6750.00

Listing Details

  • Property Type: Residential
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Year Built: 2004
  • Foundation Features: Sump Pump
  • Entry Location: Ground Level w/Steps
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available, High Spd Internet Avail, Jetted Tub
  • Fireplace: Yes
  • Fireplace Fuel: Natural
  • Fireplace Locations: Great Room
  • Room Count: 16
  • Total Bedrooms: 4
  • Total Bathrooms: 3.10
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished, Walk-Up Access
  • Kitchen Appliances: Vented Exhaust Fan, Built-In Electric Oven, Dishwasher, Disposal, Dryer, Electric Cooktop, Free-Standing Refrigerator, Stainless Steel Appliance(s), Washer
  • Sq Ft Combined: 4137
  • Total Sq Ft: 4137
  • Sq Ft Total Bsmt: 2068

Exterior Features

  • Roof Material: Asphalt
  • Pool: Yes
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: Club House, Pool – Community
  • Foundation Materials: Poured
  • Frontage Feet: 113
  • Road Frontage Type: Paved
  • Sideof Street: S
  • Waterfront Description: Beach Access

Garage/Parking

  • Garage Size: 3 Car
  • Garage Features: Side Entrance, Direct Access, 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

  • Association Fee Frequency: Quarterly
  • Phone: 734-285-4442
  • Association Fee: 335
  • Association Contact: KS Management
  • Association Fee: Yes

Schools

  • School District: Novi

Lot Info

  • Lot Features: Sprinkler(s)
  • Lot Size Area: 0.44
  • Lot Dimensions: 113 x 145 x 146 x 160
  • Parcel Number: 2219376008

Multi Family

  • Length of Lease: 12 Months
  • Waterfront Features: Swim Association

MLS Schools

  • School District: Novi

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 15, 2009
Sold by
Larsson Tomas and Wu Ping
Bought by
Shen Runmei
Current Estimated Value
$1,015,950

Purchase Details

Closed on
May 31, 2005
Sold by
Toll Mi Ii Limited Partnership
Bought by
Larsson Tomas P and Wu Ping
Source: Public Records

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
Shen Runmei $550,000 Fidelity Natl Title Ins Co
Larsson Tomas P $694,395 First American Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/01/2022 09/01/22 Rented $4,500 0.0% --
08/15/2022 08/15/22 Under Contract -- -- --
08/08/2022 08/08/22 For Rent $4,500 +36.4% --
03/22/2020 03/22/20 Rented $3,300 -2.9% --
02/20/2020 02/20/20 Under Contract -- -- --
10/20/2019 10/20/19 For Rent $3,400 0.0% --
09/04/2018 09/04/18 Rented $3,400 0.0% --
06/23/2018 06/23/18 Under Contract -- -- --
06/17/2018 06/17/18 For Rent $3,400 +21.4% --
11/28/2014 11/28/14 Rented $2,800 -12.5% --
11/02/2014 11/02/14 Under Contract -- -- --
09/12/2014 09/12/14 For Rent $3,200 -- --
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 $14,318 $375,570 $0 $0
2022 $10,837 $339,330 $0 $0
2020 $10,183 $368,500 $71,500 $297,000
2015 -- $345,650 $0 $0
2014 -- $329,350 $0 $0
2011 -- $283,550 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Patrick Wong

    Landlord's Agent in 2022

    Patrick Wong

    Bake Real Estate

    (734) 272-8375

    1 in this area

    49 Total Sales

    Patrick Wong
    Section Image
  • Carrie Bake

    Landlord's Co-Listing Agent in 2022

    Carrie Bake

    Bake Real Estate

    (734) 788-2398

    1 in this area

    73 Total Sales

    Carrie Bake
    Section Image
  • Nadine Nasrallah

    Tenant's Agent in 2022

    Nadine Nasrallah

    National Realty Centers, Inc

    (248) 308-0806

    57 Total Sales

    Nadine Nasrallah
    Section Image

  • L

    Seller's Agent in 2020

    Lee Cao

    Community Choice Realty Inc

    (248) 662-5818

    15 Total Sales

    Lee Cao
    Section Image
  • Tiffanie Turrentine

    Buyer's Agent in 2020

    Tiffanie Turrentine

    EXP Realty LLC

    (313) 739-5156

    75 Total Sales

    Tiffanie Turrentine
    Section Image
  • Mari Paliga

    Buyer's Agent in 2018

    Mari Paliga

    KW Metro

    (248) 895-9613

    14 Total Sales

    Mari Paliga
    Section Image
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Map

Source: Realcomp

MLS Number: 20221022808

Realcomp

APN: 22-19-376-008

Michigan Oakland County Novi 48374 Island Lake

50321 Drakes Bay Dr Unit 8, Novi, MI

This home is located at 50321 Drakes Bay Dr Unit 8, Novi, MI 48374 since 08 August 2022 and is currently priced at $1,015,950. This property was built in 2004. 50321 Drakes Bay Dr Unit 8 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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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

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