NOT LISTED FOR SALE

50385 Drakes Bay Dr Unit 11 Novi, MI 48374

Island Lake Neighborhood

Estimated Value: $1,006,000 - $1,112,000

4 Beds
4.5 Baths
3,806 Sq Ft
$278/Sq Ft Est. Value

Last Sold August 20, 2019

Last sale price $666,000 $175 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $6,603/month

18 Days on Market

Highlights

  • Dock Facilities
  • Tennis Courts
  • Lake Privileges
  • Novi High School Rated A+
  • Outdoor Pool
  • Colonial Architecture

About This Home

As of August 2019

GORGEOUS COLONIAL WITH GREAT CURB APPEAL! IDEAL LOCATION IN PRESTIGIOUS ISLAND LAKE COMMUNITY! CLOSE TO CLUBHOUSE, GYM, POOL, TENNIS COURTS, ETC.! PREMIUM ELEVATION! EXTENSIVE USE OF BRICK! LANDSCAPING HAS BEEN REDONE! VERY NICE OPEN FLOOR PLAN! GRAND ENTRANCE WITH NICE HARDWOOD FLOORING! DELIGHTFUL KITCHEN WITH GRANITE COUNTERS, SNACKBAR, MAPLE CABINETS, STAINLESS STEEL APPLIANCES AND MORE! NICELY PAINTED ON ALL 3 LEVELS! DELUXE CROWN MOLDINGS, WAINSCOTING, UPGRADED TRIM, UPGRADED MOLDINGS AND MUCH MORE! UPSTAIRS BOASTS SPACIOUS MASTER SUITE, PRINCESS SUITE AND JACK & JILL SETUP! AMAZING VIEW OVERLOOKING THE GORGEOUS GREAT ROOM! YOU CAN EVEN CATCH GLIMPSES OF THE LAKE! YOU WILL BE DELIGHTED WITH THE AMAZING LOWER LEVEL! IT IS THE PERFECT PLACE TO ENTERTAIN YOUR FAMILY AND FRIENDS! OUTSIDE YOU WILL ENJOY THE BEAUTIFUL YARD WITH A SPACIOUS & PRIVATE PATIO! NICE 3 CAR SIDE ENTRY GARAGE WITH EXTRA WIDE & EXTRA LONG DRIVEWAY! PLENTY OF OFF STREET PARKING!

Last Agent to Sell the Property

Bill Kokenos

Remerica Hometown One License #6501261595 Listed on: 05/17/2019

Co-Listed By

Chelsey Yoder

Remerica Hometown One License #6501380685

Last Buyer's Agent

Shadia Martini

Great Estates Realty LLC License #6502356016

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 2005 | Remodeled in 2017

Lot Details

  • Lot Dimensions are 120 x 145

HOA Fees

  • $112 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 3,806 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Bar Fridge
  • Ceiling Fan
  • Great Room with Fireplace
  • Finished Basement
  • Sump Pump

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Jetted Tub in Primary Bathroom

Parking

  • 3 Car Direct Access Garage
  • Heated Garage
  • Garage Door Opener

Outdoor Features

  • Outdoor Pool
  • Dock Facilities
  • Boat Facilities
  • Lake Privileges
  • Tennis Courts
  • Covered Patio or Porch
  • Exterior Lighting

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 2219376011

Community Details

Overview

  • Island Lake Community Assc Association, Phone Number (248) 349-2770
  • Island Lake Subdivision

Amenities

  • Clubhouse

Recreation

  • Community Pool
  • Water Sports

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,314

Year Built

Built in 2005 | Remodeled in 2017

Lot Details

0

HOA Fees

$112 per month

Listing Details

  • Property Type: Residential
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Year Built: 2005
  • Year Renovated: 2017
  • Foundation Features: Sump Pump
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available, High Spd Internet Avail, Humidifier, Jetted Tub, Wet Bar
  • Fireplace: Yes
  • Fireplace Fuel: Natural
  • Fireplace Locations: Great Room
  • Room Count: 17
  • Total Bedrooms: 4
  • Total Bathrooms: 4.10
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Finished
  • Kitchen Appliances: Bar Fridge, Dishwasher, Disposal, Microwave, Refrigerator, Range/Stove
  • Sq Ft Combined: 5606
  • Sq Ft Lower Floor: 1800
  • Total Sq Ft: 3806
  • Sq Ft Total Bsmt: 2003

Exterior Features

  • Roof Material: Asphalt
  • Waterfront Name: ISLAND LAKE
  • Pool: Yes
  • Foundation Details: Basement
  • Construction Materials: Brick, Vinyl
  • Construction Features: Site Condo
  • Exterior Features: Club House, Lighting, Pool – Community, Tennis Court
  • Foundation Materials: Poured
  • Frontage Feet: 120
  • Porch Type: Patio, Porch, Porch - Covered
  • Road Frontage Type: Paved, Pub. Sidewalk
  • Sideof Street: S
  • Waterfront Description: Lake/River Priv

Garage/Parking

  • Garage Size: 3 Car
  • Garage Features: Attached, Direct Access, Door Opener, Electricity, Heated, Side Entrance
  • 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: 248-349-2770
  • Association Fee: 335
  • Association Contact: ISLAND LAKE COMMUNITY ASSC
  • Association Fee: Yes

Schools

  • School District: Novi

Lot Info

  • Homestead: Yes
  • Lot Dimensions: 120 X 145
  • Parcel Number: 2219376011

Tax Info

  • Tax Amount Summer: 11079.0000
  • Tax Amount Winter: 2235.0000
  • Total Tax: 13314.0000

Multi Family

  • Waterfront Features: All Sports Lake, Boat Facilities, Dock Facilities

MLS Schools

  • School District: Novi

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 31, 2024
Sold by
Kayali Ferass El-Deen and Kayali Fikrat Barbour
Bought by
Kayali Fikrat Barbour
Current Estimated Value
$1,057,450

Purchase Details

Listed on
May 17, 2019
Closed on
Aug 20, 2019
Sold by
Bai Yu and Lin Yang
Bought by
Kayali Fikrat Barbour and Kayali Ferass El Deen
Seller's Agent
Bill Kokenos
Remerica Hometown One
Buyer's Agent
Shadia Martini
Great Estates Realty LLC
List Price
$679,900
Sold Price
$666,000
Premium/Discount to List
-$13,900
-2.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.81%
Original Mortgage
$666,000
Interest Rate
3.99%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Oct 7, 2017
Closed on
Nov 22, 2017
Sold by
Yalamanchi Sandeep and Yalamanchi Radhika
Bought by
Bai Yu and Lin Yang
Seller's Agent
Bill Kokenos
Remerica Hometown One
Buyer's Agent
Bill Kokenos
Remerica Hometown One
List Price
$674,900
Sold Price
$640,000
Premium/Discount to List
-$34,900
-5.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.31%
Original Mortgage
$424,100
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 26, 2012
Closed on
May 15, 2012
Sold by
Pollock Lisa Clyde and Pollock Frederick
Bought by
Yalamanchi Sandeep and Yalamanchi Radhika
Seller's Agent
Lee Vincent
Temporary Inactive Users
Buyer's Agent
Alex Safadi
Internet Real Estate, Inc
List Price
$600,000
Sold Price
$585,500
Premium/Discount to List
-$14,500
-2.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.62%
Original Mortgage
$417,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 22, 2008
Sold by
Pollock Lisa Clyde and Lisa Clyde Pollock Revocable L
Bought by
Pollock Lisa Clyde and Pollock Frederick

Purchase Details

Closed on
Jun 19, 2007
Sold by
Pollock Frederick and Pollock Lisa C
Bought by
Pollock Lisa Clyde and Lisa Clyde Pollock Revocable Living Tr

Purchase Details

Closed on
May 13, 2005
Sold by
Toll Mi Ii Lp
Bought by
Pollock Frederick and Pollock Lisa C
Source: Public Records

Range of Values:

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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
Kayali Fikrat Barbour -- None Listed On Document
Kayali Fikrat Barbour $666,000 Hometown One Title Agcy Llc
Bai Yu $640,000 Hometown One Title Agency Ll
Yalamanchi Sandeep $585,500 Crossroads Title
Pollock Lisa Clyde -- None Available
Pollock Lisa Clyde -- None Available
Pollock Frederick $692,414 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kayali Fikrat Barbour $666,000
Previous Owner Bai Yu $424,100
Previous Owner Yalamanchi Sandeep $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/20/2019 08/20/19 Sold $666,000 -2.0% $175 / Sq Ft
06/04/2019 06/04/19 Pending -- -- --
05/17/2019 05/17/19 For Sale $679,900 +6.2% $179 / Sq Ft
11/22/2017 11/22/17 Sold $640,000 -5.2% $168 / Sq Ft View Prior Sale
10/27/2017 10/27/17 Pending -- -- --
10/07/2017 10/07/17 For Sale $674,900 +15.3% $177 / Sq Ft
05/15/2012 05/15/12 Sold $585,500 -2.4% $154 / Sq Ft View Prior Sale
05/14/2012 05/14/12 Pending -- -- --
02/26/2012 02/26/12 For Sale $600,000 -- $158 / 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 $11,339 $382,140 $0 $0
2022 $12,558 $345,070 $0 $0
2020 $11,596 $374,300 $71,500 $302,800
2015 -- $353,550 $0 $0
2014 -- $336,750 $0 $0
2011 -- $266,250 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Bill Kokenos

    Seller's Agent in 2019

    Bill Kokenos

    Remerica Hometown One

    (734) 636-2832

    1 in this area

    96 Total Sales

    Bill Kokenos
    Section Image

  • C

    Seller Co-Listing Agent in 2019

    Chelsey Yoder

    Remerica Hometown One

    Section Image
  • Shadia Martini

    Buyer's Agent in 2019

    Shadia Martini

    Great Estates Realty LLC

    (248) 931-5199

    45 Total Sales

    Shadia Martini
    Section Image

  • L

    Seller's Agent in 2012

    Lee Vincent

    Temporary Inactive Users

  • Alex Safadi

    Buyer's Agent in 2012

    Alex Safadi

    Internet Real Estate, Inc

    (248) 231-1209

    3 in this area

    290 Total Sales

    Alex Safadi
    Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 219044545

Realcomp

APN: 22-19-376-011

Michigan Oakland County Novi 48374 Island Lake

50385 Drakes Bay Dr Unit 11, Novi, MI

This home is located at 50385 Drakes Bay Dr Unit 11, Novi, MI 48374 since 17 May 2019 and is currently estimated at $1,057,450, approximately $277 per square foot. This property was built in 2005. 50385 Drakes Bay Dr Unit 11 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
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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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