NOT LISTED FOR SALE

50697 Drakes Bay Dr Unit 17 Novi, MI 48374

Island Lake Neighborhood

Estimated Value: $1,084,000 - $1,204,000

4 Beds
4.5 Baths
4,404 Sq Ft
$264/Sq Ft Est. Value

Last Sold July 18, 2016

Last sale price $810,000 $184 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $7,474/month

4 Days on Market

Highlights

  • Water Views
  • Dock Facilities
  • Outdoor Pool
  • Novi High School Rated A+
  • Tennis Courts
  • Lake Privileges

About This Home

As of July 2016

GORGEOUS ISLAND LAKE COLONIAL ON PREMIUM .44 ACRE LOT W/LAKE VIEWS & FINISHED WALK UP LOWER LEVEL! GRAND ENTRYWAY HAS 2 STORY FOYER & DUAL IRON SPINDLE STAIRCASE. THIS HOME HAS IT ALL - HARDWOOD FLRS ON MOST OF ENTRY LEVEL, UPGRADES GALORE, CROWN MOLDING, BUILT-INS, SOLARIUM, PROF LANDSCAPING, SPACIOUS DECK, FRONT PATIO/COURTYARD & FIRE PIT W/SURROUND. GOURMET KITCHEN W/HARDWOOD FLR, GRANITE COUNTERS, MAPLE CABINETS & GRANITE BREAKFAST BAR. AMAZING CUSTOM FINISHED LOWER LEVEL W/FULL BAR, FIREPLACE, FULL BATH W/STEAM SHOWER, WINE CELLAR, WORKOUT ROOM, HUGE REC ROOM & DOUBLE DOORS LEADING TO WALK-UP ACCESS. HUGE MASTER SUITE W/4 WALK-IN CLOSETS, MASTER DEN/SITTING AREA, GRANITE BATH W/JETTED TUB. UPPER BEDROOMS FEATURE JACK/JILL BATH & PRINCESS STE. NEW SOLID WOOD DOORS W/BRUSHED BRONZE THROUGH OUT, UPGRADED SHUTTERS, UPGRADED LIGHTING. ENJOY BREATHTAKING VIEWS, SHORT WALK TO POOL/CLUBHOUSE & ALL THE AMENITIES THE SUB HAS TO OFFER - TENNIS CTS, WALKING TRAILS & SO MUCH MORE! *EXCLUSIONS*

Last Agent to Sell the Property

Jamey Kramer

RE/MAX Classic License #6501261596 Listed on: 05/25/2016

RE/MAX Classic

Last Buyer's Agent

Pamela Bartush

Coldwell Banker Weir Manuel-Bir License #RCO-6501287027

Coldwell Banker Weir Manuel-Bir

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 2004

Lot Details

  • 0.44 Acre Lot
  • Lot Dimensions are 121 x 178 x 143 x 151

HOA Fees

  • $125 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 4,404 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Central Vacuum
  • Sound System
  • Bar Fridge
  • Ceiling Fan
  • Gas Fireplace
  • Family Room with Fireplace
  • Water Views
  • Security System Owned

Kitchen

  • Microwave
  • Dishwasher
  • Trash Compactor
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Jetted Tub in Primary Bathroom

Finished Basement

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

Parking

  • 3 Car Direct Access Garage
  • Garage Door Opener

Outdoor Features

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

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 2219151003

Community Details

Overview

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

Amenities

  • Clubhouse

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,458

Year Built

Built in 2004

Lot Details

0

HOA Fees

$125 per month

Listing Details

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

Interior Features

  • Interior Amenities: Cable Available, Central Vacuum, High Spd Internet Avail, Humidifier, Intercom, Jetted Tub, Security Alarm (owned), Sound System, Wet Bar
  • Fireplace: Yes
  • Fireplace Fuel: Gas
  • Fireplace Locations: Basement, Family Room
  • Room Count: 21
  • 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, Microwave, Range/Stove, Trash Compactor
  • Sq Ft Combined: 6404
  • Sq Ft Lower Floor: 2000
  • Total Sq Ft: 4404
  • Sq Ft Total Bsmt: 2335

Exterior Features

  • Roof Material: Asphalt
  • Waterfront Name: ISLAND LAKE
  • Pool: Yes
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: Club House, Lighting, Pool – Community, Tennis Court
  • Foundation Materials: Poured
  • Frontage Feet: 121
  • Porch Type: Deck, Patio, Porch
  • Road Frontage Type: Paved, Pub. Sidewalk
  • Waterfront Description: Lake/River Priv

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: Monthly
  • Phone: 248-374-9375
  • Association Fee: 125
  • Association Contact: AMP
  • Association Fee: No

Schools

  • School District: Novi

Lot Info

  • Homestead: Yes
  • List Price per Acre: 1875000.0000
  • Lot Features: Water View
  • Lot Size Area: 0.44
  • Lot Dimensions: 121 x 178 x 143 x 151
  • Parcel Number: 2219151003

Tax Info

  • Tax Amount Summer: 9631.0000
  • Tax Amount Winter: 1827.0000
  • Total Tax: 11458.0000

Multi Family

  • Waterfront Features: Boat Facilities, Dock Facilities, Swim Association

MLS Schools

  • School District: Novi

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 18, 2022
Sold by
Lu Wei and Lu Zuoxin
Bought by
Lu Wei and Xiao Zuoxin
Current Estimated Value
$1,164,196

Purchase Details

Closed on
Oct 19, 2007
Sold by
Jones Steven M and Jones Rachel M
Bought by
Cavazos Paul B and Cavazos Michelle L

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
6.33%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 25, 2005
Sold by
Toll Mi Ii Lp
Bought by
Jones Steven M and Jones Rachel M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$694,600
Interest Rate
5.7%
Mortgage Type
Fannie Mae Freddie Mac
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
Lu Wei -- --
Cavazos Paul B $640,000 Title Express Llc
Jones Steven M $868,857 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lu Wei $506,000
Previous Owner Lu Wei $560,000
Previous Owner Cavazos Paul B $380,000
Previous Owner Cavazos Paul B $100,000
Previous Owner Cavazos Paul B $398,000
Previous Owner Cavazos Paul B $416,000
Previous Owner Cavazos Paul B $410,000
Previous Owner Cavazos Paul B $417,000
Previous Owner Cavazos Paul B $50,000
Previous Owner Jones Steven M $694,600
Previous Owner Jones Steven M $86,850
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2016 07/18/16 Sold $810,000 -1.8% $184 / Sq Ft
05/29/2016 05/29/16 Pending -- -- --
05/25/2016 05/25/16 For Sale $825,000 -- $187 / 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 $12,663 $428,120 $0 $0
2022 $14,018 $385,610 $0 $0
2020 $12,883 $419,150 $71,500 $347,650
2015 -- $356,400 $0 $0
2014 -- $339,450 $0 $0
2011 -- $292,050 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jamey Kramer

    Seller's Agent in 2016

    Jamey Kramer

    RE/MAX of Southeast Michigan

    (248) 348-7200

    30 in this area

    250 Total Sales

    Jamey Kramer
    Section Image
  • Pamela Bartush

    Buyer's Agent in 2016

    Pamela Bartush

    Coldwell Banker Weir Manuel-Bir

    (248) 640-2729

    1 in this area

    62 Total Sales

    Pamela Bartush
    Section Image
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Map

Source: Realcomp

MLS Number: 216051103

Realcomp

APN: 22-19-151-003

Michigan Oakland County Novi 48374 Island Lake

50697 Drakes Bay Dr Unit 17, Novi, MI

This home is located at 50697 Drakes Bay Dr Unit 17, Novi, MI 48374 since 25 May 2016 and is currently estimated at $1,164,196, approximately $264 per square foot. This property was built in 2004. 50697 Drakes Bay Dr Unit 17 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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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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