NOT LISTED FOR SALE

50595 Chesapeake Dr Novi, MI 48374

Island Lake Neighborhood

Estimated Value: $1,061,000 - $1,209,000

4 Beds
3.5 Baths
3,650 Sq Ft
$308/Sq Ft Est. Value

Last Sold December 02, 2014

Last sale price $705,000 $193 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $7,296/month

2 Days on Market

Highlights

  • Tennis Courts
  • Newly Remodeled
  • Colonial Architecture
  • Deerfield Elementary School Rated A+
  • Outdoor Pool
  • Clubhouse

About This Home

As of December 2014

This is a stunning, fully decorated Toll Brothers Columbia model home at Island Lakeof Novi! The model is loaded with numerous upgrades and has a gorgeous Naples Sunroom, flooding the gourmet kitchen with light. Beautiful landscaping with deck, patio and exterior lighting. This home is located on a premier home site and features lake views from many rooms. The 2 story foyer is enhanced by a beautiful staircase. Hardwood throughout first floor. Stately columns separate living & dining rooms for more intimate gatherings. Elegant master suite w/coffered ceiling includes cozy sitting area, huge walk in closet & lavish bath. Princess suite and Jack N Jill bath complete the second floor. Don't miss this show piece!

Last Agent to Sell the Property

Lynn Phillips

Toll Realty Michigan Inc License #6502107893 Listed on: 06/24/2014

Toll Realty Michigan Inc

Last Buyer's Agent

Janice Blessing

N. OAKLAND CTY BRD OF REALTORS License #JAAR

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 2014 | Newly Remodeled

Lot Details

  • Lot Dimensions are 120x150
  • Property fronts a private road

HOA Fees

  • $133 Monthly HOA Fees

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 3,650 Sq Ft Home
  • 2-Story Property
  • Sound System
  • Gas Fireplace
  • Family Room with Fireplace
  • Unfinished Basement
  • Sump Pump

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms

Parking

  • 3 Car Garage
  • Garage Door Opener

Outdoor Features

  • Outdoor Pool
  • Tennis Courts
  • Deck
  • Patio
  • Exterior Lighting
  • Porch

Utilities

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

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Assessor Parcel Number 2219177002

Community Details

Recreation

  • Community Pool

Additional Features

  • Clubhouse

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,595

Year Built

Built in 2014 | Newly Remodeled

Lot Details

0

HOA Fees

$133 per month

Listing Details

  • Property Type: Residential
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Warranty: Yes
  • Year Built: 2014
  • Foundation Features: Sump Pump
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available, High Spd Internet Avail, Humidifier, Sound System
  • Fireplace: Yes
  • Fireplace Fuel: Gas
  • Fireplace Locations: Family Room
  • Room Count: 12
  • Total Bedrooms: 4
  • Total Bathrooms: 3.10
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Kitchen Appliances: Dishwasher, Disposal, Microwave, Refrigerator, Range/Stove
  • Sq Ft Combined: 3650
  • Total Sq Ft: 3650
  • Sq Ft Total Bsmt: 1500

Exterior Features

  • Pool: Yes
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Construction Features: Model for Sale
  • Exterior Features: Club House, Lighting, Pool – Community, Tennis Court
  • Foundation Materials: Poured
  • Frontage Feet: 100
  • Porch Type: Deck, Patio, Porch
  • Road Frontage Type: Private

Garage/Parking

  • Garage Size: 3 Car
  • Garage Features: Door Opener, Side Entrance
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air, Zoned
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Community, Water at Street
  • Laundry Facilities: No

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Association Fee: 1600
  • Association Fee: No

Schools

  • School District: Novi

Lot Info

  • Homestead: Yes
  • Lot Dimensions: 120X150
  • Parcel Number: 2219177002

Tax Info

  • Tax Amount Summer: 10939.0000
  • Tax Amount Winter: 3656.0000
  • Total Tax: 14595.0000

MLS Schools

  • School District: Novi

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2014
Closed on
Nov 26, 2014
Sold by
Toll Mi Ii Limited Partnership
Bought by
Vartanian Stephen A and Vartanian Rebecca J
Seller's Agent
Lynn Phillips
Toll Realty Michigan Inc
Buyer's Agent
Janice Blessing
N. OAKLAND CTY BRD OF REALTORS
List Price
$740,000
Sold Price
$705,000
Premium/Discount to List
-$35,000
-4.73%
Current Estimated Value
$1,124,551

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$419,551
Avg. Annual Appreciation
4.28%
Original Mortgage
$564,000
Interest Rate
3.99%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Vartanian Stephen A $705,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vartanian Stephen A $1,000,000
Closed Vartanian Stephen A $1,113,200
Closed Vartanian Stephen Andrew $138,000
Closed Vartanian Stephen $607,500
Closed Vartanian Stephen $600,000
Closed Vartanian Stephen A $170,200
Closed Vartanian Stephen A $535,000
Closed Vartanian Stephen A $159,500
Closed Vartanian Stephen A $564,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/02/2014 12/02/14 Sold $705,000 -4.7% $193 / Sq Ft
06/26/2014 06/26/14 Pending -- -- --
06/24/2014 06/24/14 For Sale $740,000 -- $203 / 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 $12,424 $420,130 $0 $0
2022 $13,755 $378,310 $0 $0
2020 $12,567 $410,550 $71,500 $339,050
2015 -- $348,550 $0 $0
2014 -- $331,900 $0 $0
2011 -- $65,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2014

    Lynn Phillips

    Toll Realty Michigan Inc

    (248) 924-2601

    42 Total Sales

    Lynn Phillips
    Section Image

  • J

    Buyer's Agent in 2014

    Janice Blessing

    N. OAKLAND CTY BRD OF REALTORS

  • P

    Buyer Co-Listing Agent in 2014

    Patricia Zielinski

    Coldwell Banker Weir Manuel-Commerce

See All Agents

Map

Source: Realcomp

MLS Number: 214062453

Realcomp

APN: 22-19-177-002

Michigan Oakland County Novi 48374 Island Lake

50595 Chesapeake Dr, Novi, MI

This home is located at 50595 Chesapeake Dr, Novi, MI 48374 since 24 June 2014 and is currently estimated at $1,124,551, approximately $308 per square foot. This property was built in 2014. 50595 Chesapeake Dr is a home located in Oakland County with nearby schools including Deerfield Elementary School, Novi Middle School, and Novi High 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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