NOT LISTED FOR SALE

50748 Drakes Bay Dr Novi, MI 48374

Island Lake Neighborhood

Estimated Value: $1,301,000 - $2,188,000

4 Beds
5 Baths
5,631 Sq Ft
$339/Sq Ft Est. Value

About This Home

This home is located at 50748 Drakes Bay Dr, Novi, MI 48374 and is currently estimated at $1,906,811, approximately $338 per square foot. 50748 Drakes Bay Dr is a home located in Oakland County with nearby schools including Novi High School, Deerfield Elementary School, and Novi Middle School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 28, 2005
Sold by
Toll Mi Ii Limited Partnership
Bought by
Buchman Steven R and Buchman Cynthia
Current Estimated Value
$1,906,811

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
5.83%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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Average Value
Not Available
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
Buchman Steven R $1,405,753 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Buchman Steven R $488,000
Closed Buchman Steven R $510,400
Closed Buchman Steven R $575,000
Closed Buchman Steven R $587,500
Closed Buchman Steven R $598,500
Previous Owner Buchman Steven R $650,000
Source: Public Records

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 $22,825 $976,930 $0 $0
2022 $25,219 $907,520 $0 $0
2020 $20,542 $837,200 $166,000 $671,200
2015 -- $927,750 $0 $0
2014 -- $867,900 $0 $0
2011 -- $509,600 $0 $0
Source: Public Records

Map

Michigan Oakland County Novi 48374 Island Lake

50748 Drakes Bay Dr, Novi, MI

This home is located at 50748 Drakes Bay Dr, Novi, MI 48374 and is currently estimated at $1,906,811, approximately $338 per square foot. 50748 Drakes Bay 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.

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