NOT LISTED FOR SALE

50861 Drakes Bay Dr Unit 22 Novi, MI 48374

Island Lake Neighborhood

Estimated Value: $974,000 - $1,268,000

4 Beds
4 Baths
4,351 Sq Ft
$253/Sq Ft Est. Value

About This Home

This home is located at 50861 Drakes Bay Dr Unit 22, Novi, MI 48374 and is currently estimated at $1,099,076, approximately $252 per square foot. 50861 Drakes Bay Dr Unit 22 is a home located in Oakland County with nearby schools including Deerfield Elementary School, Novi Middle School, and Novi High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 31, 2011
Sold by
Tortoriello William G and Tortoriello Renee E
Bought by
Ely Timothy A and Ely Anjoo C
Current Estimated Value
$1,113,248

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
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 15, 2009
Sold by
Mills Brian E and Mills Karen
Bought by
Tortoriello William G and Tortoriello Renee E

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
4.84%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 19, 2006
Sold by
Toll Mi Ii Lp
Bought by
Mills Brian E and Mills Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,000
Interest Rate
6.25%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Ely Timothy A $635,000 Reputation First Title Agenc
Tortoriello William G $605,000 Multiple
Mills Brian E $800,000 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ely Timothy A $135,000
Open Ely Timothy $417,000
Closed Ely Timothy A $417,000
Closed Ely Timothy $83,000
Previous Owner Tortoriello William G $417,000
Previous Owner Mills Brian E $640,000
Previous Owner Mills Brian E $80,000
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 $11,801 $398,210 $0 $0
2022 $13,068 $359,220 $0 $0
2020 $10,867 $390,500 $71,500 $319,000
2015 -- $369,700 $0 $0
2014 -- $351,950 $0 $0
2011 -- $302,500 $0 $0
Source: Public Records

Map

Michigan Oakland County Novi 48374 Island Lake

50861 Drakes Bay Dr Unit 22, Novi, MI

This home is located at 50861 Drakes Bay Dr Unit 22, Novi, MI 48374 and is currently estimated at $1,099,076, approximately $252 per square foot. 50861 Drakes Bay Dr Unit 22 is a home located in Oakland County with nearby schools including Deerfield Elementary School, Novi Middle School, and Novi High School.

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