NOT LISTED FOR SALE

50777 Chesapeake Dr Unit 180 Novi, MI 48374

Island Lake Neighborhood

Estimated Value: $1,099,000 - $1,247,000

4 Beds
4.5 Baths
4,014 Sq Ft
$293/Sq Ft Est. Value

Last Sold March 31, 2016

Last sale price $635,000 $158 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $7,323/month

30 Days on Market

Highlights

  • Outdoor Pool
  • Lake Privileges
  • Wooded Lot
  • Novi High School Rated A+
  • Colonial Architecture
  • Corner Lot

About This Home

As of March 2016

WELCOME HOME TO THIS FRESHLY PAINTED CHELSEA MODEL FROM THE ISLAND LAKE ESTATES COLLECTION. LOCATED ON A WOODED LOT ON A CUL-DE-SAC. THIS STATELY COLONIAL OFFERS BRAZILIAN CHERRY FLOORS. SPACIOUS FAMILY ROOM WITH FIREPLACE OVERLOOKING WOODS. FORMAL LIVING AND DINING ROOMS. PRIVATE LIBRARY WITH VIEWS OF THE WOODS. GRAND MASTER SUITE WITH SITTING AREA AND HIS AND HER WALK-IN CLOSETS. TWO BEDROOMS WITH JACK AND JILL CONNECTING BATH, PRINCESS SUITE W/PRIVATE BATH. FABULOUS FINISHED BASEMENT WITH THEATER ROOM, CUSTOM BAR, EXERCISE ROOM, SPA BATHROOM AND PLAY ROOM. WHOLE HOUSE HAS BEEN WIRED FOR SURROUND SOUND. BACK YARD IS 10-15 YARDS BEYONE THE GRASS, SELLER CHOSE TO KEEP THE WOODS. BATVIA. THIS IS A FABULOUS PRICE FOR ONE OF ISLAND LAKE'S ESTATE HOMES, DON'T MISS OUT! EASY TO SHOW.

Last Agent to Sell the Property

Kristin Halmaghi

Real Estate One-Northville License #6501285310 Listed on: 01/06/2016

Real Estate One-Northville

Last Buyer's Agent

Kristin Halmaghi

Real Estate One-Northville License #6501285310 Listed on: 01/06/2016

Real Estate One-Northville

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 2006

Lot Details

  • Corner Lot
  • Wooded Lot

HOA Fees

  • $125 Monthly HOA Fees

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Brick Foundation
  • Shingle Siding

Interior Spaces

  • 4,014 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Bar Fridge
  • Ceiling Fan
  • Gas Fireplace
  • Family Room with Fireplace
  • Security System Owned

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Up Access
  • Sump Pump

Parking

  • 3 Car Direct Access Garage
  • Garage Door Opener

Outdoor Features

  • Outdoor Pool
  • Lake Privileges
  • Patio
  • Porch

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 2219377078

Community Details

Overview

  • Amp Mgt Association, Phone Number (734) 358-9542
  • Island Lake Orchards Condo Subdivision
  • Swim Association

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,796

Year Built

Built in 2006

Lot Details

0

HOA Fees

$125 per month

Listing Details

  • Property Type: Residential
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Year Built: 2006
  • Foundation Features: Sump Pump
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available, Humidifier, Security Alarm (owned), Wet Bar
  • Fireplace: Yes
  • Fireplace Fuel: Gas
  • Fireplace Locations: Family Room
  • Room Count: 16
  • Total Bedrooms: 4
  • Total Bathrooms: 4.10
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Finished, Walk-Up Access
  • Kitchen Appliances: Dishwasher, Disposal, Dryer, Microwave, Range/Stove, Refrigerator, Washer, Bar Fridge
  • Sq Ft Combined: 5814
  • Sq Ft Lower Floor: 1800
  • Total Sq Ft: 4014
  • Sq Ft Total Bsmt: 2060

Exterior Features

  • Pool: Yes
  • Foundation Details: Basement
  • Construction Materials: Brick, Shingle Siding
  • Exterior Features: Pool – Community
  • Foundation Materials: Brick/Mortar
  • Porch Type: Patio, Porch
  • Road Frontage Type: Paved
  • Waterfront Description: Lake/River Priv

Garage/Parking

  • Garage Size: 3 Car
  • Garage Features: Direct Access, Electricity, Door Opener, 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: Annually
  • Phone: 7343589542
  • Association Fee: 1500
  • Association Contact: AMP MGT

Schools

  • School District: Novi

Lot Info

  • Homestead: Yes
  • Lot Features: Corner Lot, Wooded
  • Lot Dimensions: IRREG
  • Parcel Number: 2219377078

Tax Info

  • Tax Amount Summer: 9908.0000
  • Tax Amount Winter: 1888.0000
  • Total Tax: 11796.0000

Multi Family

  • Waterfront Features: Swim Association

MLS Schools

  • School District: Novi

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2016
Closed on
Mar 3, 2016
Sold by
Fischer John K
Bought by
Gallardo Ronald E and Gallardo Ruchi
Seller's Agent
Kristin Halmaghi
Real Estate One-Northville
Buyer's Agent
Kristin Halmaghi
Real Estate One-Northville
List Price
$649,900
Sold Price
$635,000
Premium/Discount to List
-$14,900
-2.29%
Current Estimated Value
$1,177,033

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$542,033
Avg. Annual Appreciation
6.66%
Original Mortgage
$435,000
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 26, 2015
Sold by
Fischer Maryann and Fischer John K
Bought by
Fischer John K and Fischer Maryann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$387,000
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 24, 2006
Sold by
Toll Mi Ii Lp
Bought by
Fischer John K and Fischer Maryann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.38%
Mortgage Type
Purchase Money Mortgage
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
Gallardo Ronald E $635,000 None Available
Fischer John K -- Title Solutions
Fischer John K $738,790 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gallardo Ronald E $435,000
Previous Owner Fischer John K $387,000
Previous Owner Fischer John K $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2016 03/31/16 Sold $635,000 -2.3% $158 / Sq Ft
02/05/2016 02/05/16 Pending -- -- --
01/06/2016 01/06/16 For Sale $649,900 -- $162 / 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 $12,297 $417,830 $0 $0
2022 $13,614 $374,400 $0 $0
2020 $12,072 $389,800 $75,500 $314,300
2015 -- $346,300 $0 $0
2014 -- $322,000 $0 $0
2011 -- $300,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kristin Halmaghi

    Seller's Agent in 2016

    Kristin Halmaghi

    Real Estate One

    (248) 330-4660

    5 in this area

    99 Total Sales

    Kristin Halmaghi
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Map

Source: Realcomp

MLS Number: 216001632

Realcomp

APN: 22-19-377-078

Michigan Oakland County Novi 48374 Island Lake

50777 Chesapeake Dr Unit 180, Novi, MI

This home is located at 50777 Chesapeake Dr Unit 180, Novi, MI 48374 since 06 January 2016 and is currently estimated at $1,177,033, approximately $293 per square foot. This property was built in 2006. 50777 Chesapeake Dr Unit 180 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
Copyright 2025 Realcomp II Ltd. Shareholders
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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