NOT LISTED FOR SALE

50721 Chesapeake Dr Novi, MI 48374

Island Lake Neighborhood

Estimated Value: $1,202,000 - $1,250,000

5 Beds
5.5 Baths
4,693 Sq Ft
$260/Sq Ft Est. Value

Last Sold August 26, 2016

Last sale price $755,000 $161 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $7,655/month

93 Days on Market

Highlights

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

About This Home

As of August 2016

Welcome to this Luxurious Estate with Over 6,400 Sq Ft of Finished Living Space Located in the Highly Desirable 900 Acres of Novi's Island Lake Community. This Exquisite Home Includes a Private & Wooded Premium Lot w/ a Stamped Concrete Patio Designed as a Backyard Oasis w/ Waterfall, Outdoor Fireplace & Built-in Grill. One of the Largest & Most Desirable Floorplans w/ the Highest Quality Materials & Finest Craftsmanship including 5 Spacious Bedrooms Suites w/ their own Full Upgraded Bathrooms, a Finished Walk up Basement w/ Custom Wet Bar, 4 Seasons Room, & Premium Sound System. The Master Suite Features a Spa-like Setting w/ Upscale Master Bath, Jetted Tub, Separate Shower, Dual Vanities & Massive Walk-in Closet. Designer Kitchen w/ Custom Granite, 9 ft Island, Dual Dishwashers, Stainless Steel Appliances & 42” Premium Maple Cabinets. Spacious 2 Story Great Room has Floor to Ceiling Stone Fireplace & Gorgeous Windows Overlooking Backyard. This is the Perfect Place to Call Home.

Last Agent to Sell the Property

Brian Hill

HB Realty Partners License #6501393763 Listed on: 04/12/2016

Last Buyer's Agent

Brian Hill

HB Realty Partners License #6501393763 Listed on: 04/12/2016

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 2005

Lot Details

  • 0.41 Acre Lot
  • Lot Dimensions are 120x150

HOA Fees

  • $130 Monthly HOA Fees

Parking

  • 3 Car Direct Access Garage

Home Design

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

Interior Spaces

  • 4,693 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Sound System
  • Bar Fridge
  • Gas Fireplace
  • Family Room with Fireplace
  • Great Room with Fireplace
  • Security System Owned

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Jetted Tub in Primary Bathroom

Finished Basement

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

Outdoor Features

  • Outdoor Pool
  • Lake Privileges
  • Tennis Courts
  • Patio
  • 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 2219377074

Community Details

Overview

  • Island Lake Orchards Condo Subdivision
  • Swim Association

Amenities

  • Community Barbecue Grill
  • Clubhouse

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,558

Year Built

Built in 2005

Lot Details

0

HOA Fees

$130 per month

Listing Details

  • Property Type: Residential
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Year Built: 2005
  • 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, Security Alarm (owned), Sound System, Wet Bar
  • Fireplace: Yes
  • Fireplace Fuel: Gas, Natural
  • Fireplace Locations: Basement, Family Room, Great Room
  • Room Count: 19
  • Total Bedrooms: 5
  • Total Bathrooms: 5.10
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Finished, Walk-Up Access
  • Kitchen Appliances: Bar Fridge, Dishwasher, Disposal, Microwave, Refrigerator, Range/Stove
  • Sq Ft Combined: 6493
  • Sq Ft Lower Floor: 1800
  • Total Sq Ft: 4693
  • Sq Ft Total Bsmt: 2224

Exterior Features

  • Roof Material: Asphalt
  • Pool: Yes
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Construction Features: Platted Sub.
  • Exterior Features: BBQ Grill, Club House, Lighting, Pool – Community, Tennis Court
  • Foundation Materials: Poured
  • Frontage Feet: 120
  • Porch Type: Patio
  • Road Frontage Type: Paved
  • Waterfront Description: Lake/River Priv

Garage/Parking

  • Garage Size: 3 Car
  • Garage Features: Direct Access
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: 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
  • Association Fee: 390
  • Association Fee: No

Schools

  • School District: Novi

Lot Info

  • Homestead: Yes
  • List Price per Acre: 1926585.3659
  • Lot Size Area: 0.41
  • Lot Dimensions: 120x150
  • Parcel Number: 2219377074

Tax Info

  • Tax Amount Summer: 11388.0000
  • Tax Amount Winter: 2170.0000
  • Total Tax: 13558.0000

Multi Family

  • Waterfront Features: Swim Association

MLS Schools

  • School District: Novi

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2016
Closed on
Aug 26, 2016
Sold by
Woods Tammy
Bought by
Ye Haihong and Shan Weihong
Seller's Agent
Brian Hill
HB Realty Partners
Buyer's Agent
Brian Hill
Metropolitan Real Estate Group
List Price
$799,900
Sold Price
$755,000
Premium/Discount to List
-$44,900
-5.61%
Current Estimated Value
$1,221,335

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$466,335
Avg. Annual Appreciation
5.39%
Original Mortgage
$417,000
Outstanding Balance
$324,142
Interest Rate
2.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$897,193

Purchase Details

Closed on
May 26, 2016
Sold by
Woods Robert B and Woods Tammy
Bought by
Woods Tammy

Purchase Details

Closed on
Oct 23, 2013
Sold by
Woods Tammy
Bought by
Woods Robert B and Woods Tammy

Purchase Details

Closed on
Apr 27, 2013
Sold by
Wilson Robert and Wilson Michelle
Bought by
Woods Tammy

Purchase Details

Listed on
Apr 24, 2012
Closed on
Jul 16, 2012
Sold by
Snyder Lester C and Snyder Denis A
Bought by
Wilson Robert and Wilson Michelle
Seller's Agent
John Goodman
Century 21 Curran & Oberski
Buyer's Agent
Frank Brace
KW Professionals
List Price
$775,000
Sold Price
$765,000
Premium/Discount to List
-$10,000
-1.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.59%

Purchase Details

Closed on
Sep 27, 2005
Sold by
Toll Mi Ii Limited Partnership
Bought by
Snyder Lester C and Snyder Denise A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$697,200
Interest Rate
5.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Ye Haihong $755,000 Title Source Inc
Woods Tammy -- None Available
Woods Robert B -- Interstate Title Inc
Woods Tammy $800,000 Stewart Title Agency
Wilson Robert $765,000 None Available
Snyder Lester C $872,182 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ye Haihong $417,000
Previous Owner Snyder Lester C $697,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/26/2016 08/26/16 Sold $755,000 -4.4% $161 / Sq Ft
07/14/2016 07/14/16 Pending -- -- --
07/07/2016 07/07/16 Price Changed $789,900 -0.6% $168 / Sq Ft
06/09/2016 06/09/16 Price Changed $794,900 -0.6% $169 / Sq Ft
04/12/2016 04/12/16 For Sale $799,900 0.0% $170 / Sq Ft
08/15/2013 08/15/13 Sold $800,000 0.0% $170 / Sq Ft View Prior Sale
07/02/2013 07/02/13 Pending -- -- --
06/07/2013 06/07/13 For Sale $800,000 +4.6% $170 / Sq Ft
07/16/2012 07/16/12 Sold $765,000 -1.3% $163 / Sq Ft View Prior Sale
05/31/2012 05/31/12 Pending -- -- --
04/24/2012 04/24/12 For Sale $775,000 -- $165 / 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 $12,822 $436,150 $0 $0
2022 $14,193 $390,490 $0 $0
2020 $12,598 $406,900 $75,500 $331,400
2015 -- $393,750 $0 $0
2014 -- $365,200 $0 $0
2011 -- $340,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brian Hill

    Seller's Agent in 2016

    Brian Hill

    HB Realty Partners

    (248) 735-5860

    1 in this area

    160 Total Sales

    Brian Hill
    Section Image

  • J

    Seller's Agent in 2013

    John Goodman

    Coldwell Banker Weir Manuel Northville/Novi

  • Frank Brace

    Buyer's Agent in 2012

    Frank Brace

    KW Professionals

    (248) 408-7605

    31 Total Sales

    Frank Brace
    Section Image
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Map

Source: Realcomp

MLS Number: 216032156

Realcomp

APN: 22-19-377-074

Michigan Oakland County Novi 48374 Island Lake

50721 Chesapeake Dr, Novi, MI

This home is located at 50721 Chesapeake Dr, Novi, MI 48374 since 12 April 2016 and is currently estimated at $1,221,335, approximately $260 per square foot. This property was built in 2005. 50721 Chesapeake Dr 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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