NOT LISTED FOR SALE

50861 Chesapeake Dr Unit 186 Novi, MI 48374

Island Lake Neighborhood

Estimated Value: $1,235,000 - $1,439,270

6 Beds
6 Baths
5,415 Sq Ft
$248/Sq Ft Est. Value

Last Sold March 04, 2022

Last sale price $1,100,000 $203 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $8,891/month

57 Days on Market

Highlights

  • Tennis Courts
  • In Ground Pool
  • Colonial Architecture
  • Deerfield Elementary School Rated A+
  • Lake Privileges
  • Clubhouse

About This Home

As of March 2022

ABSOLUTELY MAGNIFICENT- Timing is everything! Just when you thought you would be "stuck inside" w/nothing to do, this custom-built home comes w/ amenities galore! Luxury estate located in the region's only resort class, lakefront community where one can enjoy sand volleyball, tennis, boating and breathtaking walking trails! You will be awed by the two-story, marble foyer w/dual circular staircase, gourmet kitchen & the sunroom overlooking pool. 1st fl guest/in-law suite, the indoor basketball/racquetball/volleyball/pickleball court, and the spectacular walk-up lower level boasting a huge rec rm, 2nd full kitchen, bedroom, full bath and abundant storage! Home has 5 bedrooms up and 1 on main. The quality features, finishing touches, and versatility throughout are impossible to list and absolutely priceless! Come experience a home like no other in the heart of Novi with renowned school district, world class library, endless activities, shopping, restaurants, proximity to freeways!

Last Agent to Sell the Property

Dawn Mueller

Coldwell Banker Professionals-Northville License #6501320868 Listed on: 12/04/2021

Coldwell Banker Professionals-Northville

Last Buyer's Agent

Christopher Bergmans

RE/MAX Platinum License #6501405727

RE/MAX Platinum

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 2008

Lot Details

  • 0.43 Acre Lot
  • Lot Dimensions are 98 x 147 x 138 x 181
  • Fenced
  • Level Lot

HOA Fees

  • $117 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 5,415 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Gas Fireplace
  • Family Room with Fireplace
  • Security System Owned

Kitchen

  • Double Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Full Bathrooms
  • Jetted Tub in Primary Bathroom

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Up Access
  • Sump Pump

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Outdoor Features

  • In Ground Pool
  • Lake Privileges
  • Tennis Courts
  • Covered patio or porch
  • Exterior Lighting

Location

  • Ground Level

Utilities

  • Humidifier
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Programmable Thermostat
  • Natural Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 2219377084

Community Details

Overview

  • Island Lake Orchards/ Lora Wright Association, Phone Number (248) 372-9375
  • Island Lake Orchards Condo Subdivision

Amenities

  • Clubhouse

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,797

Year Built

Built in 2008

Lot Details

0

HOA Fees

$117 per month

Listing Details

  • Property Type: Residential
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Assessment: 69
  • Year Built: 2008
  • State Equalized Value: 428800.0000
  • 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: Cable Available, High Spd Internet Avail, Humidifier, Jetted Tub, Programmable Thermostat, Security Alarm (owned)
  • Fireplace: Yes
  • Fireplace Fuel: Gas
  • Fireplace Locations: Family Room
  • Room Count: 25
  • Total Bedrooms: 6
  • Total Bathrooms: 6.00
  • Full Bathrooms: 6
  • Basement: Yes
  • Basement Type: Finished, Walk-Up Access
  • Kitchen Appliances: Dishwasher, Disposal, Double Oven, Dryer, Free-Standing Refrigerator, Gas Cooktop, Microwave, Range Hood, Stainless Steel Appliance(s), Washer
  • Sq Ft Combined: 7615
  • Sq Ft Lower Floor: 2200
  • Total Sq Ft: 5415
  • Sq Ft Total Bsmt: 2466

Exterior Features

  • Roof Material: Asphalt
  • Waterfront Name: island lake
  • Pool: Yes
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Construction Features: Site Condo
  • Exterior Features: Tennis Court, Club House, Lighting, Fenced, Pool – Community, Pool - Inground
  • Foundation Materials: Poured
  • Frontage Feet: 98
  • Porch Type: Porch - Covered, Patio, Porch, Patio - Covered
  • Road Frontage Type: Paved
  • Waterfront Description: Lake Privileges
  • Fencing: Fenced

Garage/Parking

  • Garage Size: 3 Car
  • Garage Features: Electricity, Door Opener, Side Entrance, Attached
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s)
  • 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: 2483729375
  • Association Fee: 350
  • Association Contact: Island Lake Orchards/ Lora Wright
  • Association Fee: Yes

Schools

  • School District: Novi

Lot Info

  • Homestead: Yes
  • Lot Features: Level
  • Lot Size Area: 0.43
  • Lot Dimensions: 98 x 147 x 138 x 181
  • Parcel Number: 2219377084

Tax Info

  • Tax Amount Summer: 13114.0000
  • Tax Amount Winter: 2683.0000
  • Total Tax: 15797.0000
  • Taxable Value: 428800.0000

MLS Schools

  • School District: Novi

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 8, 2021
Sold by
Armstrong George Earl and Armstrong Kelli
Bought by
Mcguire Kerry Miller and Mcguire Scott
Current Estimated Value
$1,345,068

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,800
Interest Rate
4.25%
Mortgage Type
Balloon

Purchase Details

Closed on
Jul 14, 2020
Sold by
Zehoor Mohammed and Zehoor Asma
Bought by
Armstrong George Earl and Armstrong Kelli

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$777,100
Interest Rate
2.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 20, 2008
Sold by
Toll Mi Ii Lp
Bought by
Zahoor Mohammed and Zahoor Asma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$576,000
Interest Rate
5.96%
Mortgage Type
Unknown
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.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

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.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

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.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

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.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Mcguire Kerry Miller -- None Listed On Document
Armstrong George Earl $818,000 None Available
Zahoor Mohammed $726,309 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcguire Kerry Miller $352,800
Previous Owner Armstrong George $777,100
Previous Owner Zahoor Mohammed I $520,000
Previous Owner Zahoor Mohammed I $554,000
Previous Owner Zahoor Mohammed I $576,000
Previous Owner Zahoor Mohammed I $72,630
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/04/2022 03/04/22 Sold $1,100,000 -4.3% $203 / Sq Ft
01/31/2022 01/31/22 Pending -- -- --
01/21/2022 01/21/22 For Sale $1,150,000 0.0% $212 / Sq Ft
12/14/2021 12/14/21 Pending -- -- --
12/04/2021 12/04/21 For Sale $1,150,000 -- $212 / 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 $16,137 $516,590 $0 $0
2022 $15,272 $420,460 $0 $0
2020 $12,772 $439,450 $62,250 $377,200
2015 -- $409,050 $0 $0
2014 -- $377,400 $0 $0
2011 -- $349,650 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Dawn Mueller

    Seller's Agent in 2022

    Dawn Mueller

    Coldwell Banker Professionals-Northville

    (313) 610-2085

    2 in this area

    109 Total Sales

    Section Image
  • Christopher Bergmans

    Buyer's Agent in 2022

    Christopher Bergmans

    RE/MAX

    (734) 730-3793

    3 in this area

    127 Total Sales

    Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 2210097882

Realcomp

APN: 22-19-377-084

Michigan Oakland County Novi 48374 Island Lake

50861 Chesapeake Dr Unit 186, Novi, MI

This home is located at 50861 Chesapeake Dr Unit 186, Novi, MI 48374 since 04 December 2021 and is currently estimated at $1,345,068, approximately $248 per square foot. This property was built in 2008. 50861 Chesapeake Dr Unit 186 is a home located in Oakland County with nearby schools including Deerfield Elementary School, Novi Middle School, and Novi High 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

Nearby Homes