NOT LISTED FOR SALE

50623 Chesapeake Dr Unit 169 Novi, MI 48374

Island Lake Neighborhood

Estimated Value: $1,072,000 - $1,192,000

4 Beds
4.5 Baths
4,165 Sq Ft
$271/Sq Ft Est. Value

Last Sold July 14, 2021

Last sale price $815,000 $196 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $7,030/month

1 Day 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 July 2021

**HIGHEST & BEST DUE SUNDAY 5/2 BY 6PM**FANTASTIC COLONIAL IN ISLAND LAKE W/FIN WALK UP LL! SITUATED ON A PREMIUM LOT W/NEW EXTERIOR LANDSCAPING. THIS LOVELY 4 BED, 4.5 BATH HOME OFFERS 2 ADDIT BEDS IN LL. OPEN FLR PLAN W/TONS OF CUSTOM UPGRADES & FINISHES THROUGHOUT. INTERIOR FRESHLY PAINTED. 2 STORY FOYER W/MARBLE FLR & DUAL STAIRCASE. 1ST FLR CONSERVATORY W/CATHEDRAL CEILING. GREAT RM W/SOARING CEILING, CROWN MOLDING & NATURAL FP. KITC BOASTS GRANITE COUNTERS, SS APPS INCL HIGH POWER VENT, HARDWOOD FLR & CENTER ISLAND. SOLARIUM FEATURES 2 SKY LIGHTS. MASTER SUITE HAS 2 WICS, SEPARATE SITTING AREA & LUXURIOUS ENSUITE BATH FEATURING JETTED TUB & GRANITE COUNTER. PRINCESS SUITE & JACK & JILL SUITES. FINISHED LL WALK UP HAS 2 ADDIT BEDS, FULL BATH, REC AREA & WET BAR. WHOLE HOUSE UV FILTRATION SYSTEM. NEWER A/C. PAVER PATIO IN BACKYARD. AWARD WINNING NOVI SCHOOLS.

Last Agent to Sell the Property

Jamey Kramer

RE/MAX Classic License #6501261596 Listed on: 04/30/2021

RE/MAX Classic

Last Buyer's Agent

John Lewis

Max Broock, REALTORS®-Birmingham License #RCO-6501359423

Max Broock, REALTORS®-Birmingham

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 2005

Lot Details

  • 0.42 Acre Lot
  • Lot Dimensions are 94x155x150x155
  • Sprinkler System

HOA Fees

  • $112 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 4,165 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Ceiling Fan
  • Great Room with Fireplace
  • Security System Owned

Kitchen

  • Built-In Electric Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Jetted Tub in Primary Bathroom

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Up Access
  • Sump Pump

Parking

  • 3 Car Direct Access Garage
  • Garage Door Opener

Outdoor Features

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

Location

  • Ground Level

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 2219377067

Community Details

Overview

  • K.S. Management Association, Phone Number (734) 285-4442
  • Island Lake Orchards Condo Subdivision

Amenities

  • Community Barbecue Grill
  • Clubhouse

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,585

Year Built

Built in 2005

Lot Details

0

HOA Fees

$112 per month

Listing Details

  • Property Type: Residential
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Assessment: 86.98
  • Year Built: 2005
  • State Equalized Value: 349050.0000
  • Foundation Features: Sump Pump
  • Entry Location: Ground Level w/Steps
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Humidifier, High Spd Internet Avail, Jetted Tub, Wet Bar, Security Alarm (owned), Cable Available
  • Fireplace: Yes
  • Fireplace Fuel: Natural
  • Fireplace Locations: Great Room
  • Room Count: 22
  • Total Bedrooms: 4
  • Total Bathrooms: 4.10
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Finished, Walk-Up Access
  • Kitchen Appliances: Built-In Electric Oven, Dishwasher, Disposal, Dryer, Free-Standing Electric Range, Free-Standing Refrigerator, Gas Cooktop, Microwave, Range Hood, Stainless Steel Appliance(s), Washer
  • Sq Ft Combined: 6465
  • Sq Ft Lower Floor: 2300
  • Total Sq Ft: 4165
  • Sq Ft Total Bsmt: 2386

Exterior Features

  • Roof Material: Asphalt
  • Pool: Yes
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: Tennis Court, Club House, BBQ Grill, Lighting, Satellite Dish, Pool – Community
  • Foundation Materials: Poured
  • Frontage Feet: 94
  • Porch Type: Patio, Porch
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: 3 Car
  • Garage Features: Direct Access, Electricity, Door Opener, Side Entrance, 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)

Condo/Co-op/Association

  • Association Fee Frequency: Quarterly
  • Phone: 7342854442
  • Association Fee: 335
  • Association Contact: K.S. MANAGEMENT
  • Association Fee: Yes

Schools

  • School District: Novi

Lot Info

  • Homestead: Yes
  • Lot Features: Sprinkler(s)
  • Lot Size Area: 0.42
  • Lot Dimensions: 94X155X150X155
  • Parcel Number: 2219377067

Tax Info

  • Tax Amount Summer: 10390.0000
  • Tax Amount Winter: 2195.0000
  • Total Tax: 12585.0000
  • Taxable Value: 335070.0000

MLS Schools

  • School District: Novi

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2021
Closed on
Jul 14, 2021
Sold by
Rajen Nathan B and Rajen Bindhu
Bought by
Yee Lai Chi and Yee Louis
Seller's Agent
Jamey Kramer
RE/MAX Classic
Buyer's Agent
John Lewis
Max Broock, REALTORS®-Birmingham
List Price
$775,000
Sold Price
$815,000
Premium/Discount to List
$40,000
5.16%
Current Estimated Value
$1,126,839

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$311,839
Avg. Annual Appreciation
7.86%

Purchase Details

Closed on
Dec 11, 2017
Sold by
Rajen Nathan B and Rajen Bindhu
Bought by
Rajen Nathan B and Rajen Bindhu

Purchase Details

Closed on
Jan 26, 2006
Sold by
Toll Mi Ii Lp
Bought by
Rajen Nathan B and Rajen Bindhu
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
Yee Lai Chi $815,000 Title One Inc
Rajen Nathan B -- None Available
Rajen Nathan B $822,699 Multiple
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/14/2021 07/14/21 Sold $815,000 +5.2% $196 / Sq Ft
07/01/2021 07/01/21 For Sale $775,000 0.0% $186 / Sq Ft
05/02/2021 05/02/21 Pending -- -- --
04/30/2021 04/30/21 For Sale $775,000 -- $186 / 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 $12,103 $412,430 $0 $0
2022 $13,401 $368,470 $0 $0
2020 $10,390 $349,050 $65,500 $283,550
2015 -- $334,700 $0 $0
2014 -- $310,350 $0 $0
2011 -- $289,150 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jamey Kramer

    Seller's Agent in 2021

    Jamey Kramer

    RE/MAX of Southeast Michigan

    (248) 348-7200

    27 in this area

    248 Total Sales

    Jamey Kramer
    Section Image
  • John Lewis

    Buyer's Agent in 2021

    John Lewis

    Max Broock, REALTORS®-Birmingham

    (248) 906-9674

    1 in this area

    80 Total Sales

    John Lewis
    Section Image
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Map

Source: Realcomp

MLS Number: 2210028626

Realcomp

APN: 22-19-377-067

Michigan Oakland County Novi 48374 Island Lake

50623 Chesapeake Dr Unit 169, Novi, MI

This home is located at 50623 Chesapeake Dr Unit 169, Novi, MI 48374 since 30 April 2021 and is currently estimated at $1,126,839, approximately $270 per square foot. This property was built in 2005. 50623 Chesapeake Dr Unit 169 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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