NOT LISTED FOR SALE

50884 Chesapeake Dr Novi, MI 48374

Island Lake Neighborhood

Estimated Value: $1,178,000 - $1,214,521

4 Beds
4.5 Baths
4,535 Sq Ft
$265/Sq Ft Est. Value

Last Sold August 22, 2024

Last sale price $1,175,000 $259 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $7,865/month

2 Days on Market

About This Home

As of August 2024

Welcome to your dream home in the coveted Island Lake of Novi community! This beautifully maintained residence features a spacious, light-filled open floor plan, ideal for daily living & entertaining. The heart of the home is the stunning chef's kitchen with modern stainless steel appliances, ample counter space, and a walk-in pantry. The great room offers a warm, inviting atmosphere for gatherings and holiday celebrations. Retreat to the luxurious primary suite with a spa-like en suite bathroom featuring a soaking tub, separate shower, dual vanities, and a private den for relaxation or a home office. The laundry room is conveniently located in the primary suite near all the bedrooms. A versatile multi-purpose room on the second floor awaits your personal touch, perfect for a playroom, home gym, or hobby room. The finished daylight basement adds even more living space, offering endless possibilities for entertainment and relaxation. Step outside to the expansive deck and enjoy the serene surroundings, overlooking a tranquil pond teeming with wildlife, perfect for morning coffee or evening cocktails. As a resident of Island Lake, you'll enjoy amenities like a private lake for kayaking, canoeing, and fishing, scenic trails for biking and walking, and nearby Maybury State Park for additional outdoor recreation. This home boasts numerous upgrades, including patio walkways, a finished basement for entertaining or a home theater, and custom window treatments. The kitchen features a water softener and reverse osmosis system, while the Generac whole home generator ensures comfort during power outages. Newer carpeting in multiple rooms provides plush comfort, and a new garage door opener offers convenience and security. Additional upgrades include medical-grade air systems for both furnaces and a spacious deck for outdoor enjoyment. This home is truly a gem, offering the perfect blend of functionality, comfort, and recreation. Don't miss the opportunity to make it yours and create lasting memories in this beautiful space!

Last Agent to Sell the Property

Jeff Duneske

Keller Williams Advantage Northville License #6501297753 Listed on: 07/18/2024

Keller Williams Advantage Northville

Last Buyer's Agent

Teodora Djourova

Clients First, REALTORS® License #6501352045

Clients First, REALTORS®

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,957

Year Built

2011

Lot Details

0

HOA Fees

$125 per month

Listing Details

  • Property Type: Residential
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Assessment: 138.00; Special Assessment is for trash pick up
  • Year Built: 2011
  • State Equalized Value: 442520.0000
  • Foundation Features: Sump Pump
  • Entry Location: Ground Level w/Steps
  • Pets Allowed: Number Limit
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Smoke Alarm, Carbon Monoxide Alarm(s), Entrance Foyer, High Spd Internet Avail, Humidifier, Programmable Thermostat, Security Alarm (owned), Water Softener (owned)
  • Fireplace: Yes
  • Fireplace Fuel: Electric, Gas
  • Fireplace Locations: Basement, Family Room
  • Room Count: 20
  • Total Bedrooms: 4
  • Total Bathrooms: 4.10
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Daylight, Finished
  • Kitchen Appliances: Built-In Electric Oven, Dishwasher, Disposal, Double Oven, Dryer, Free-Standing Refrigerator, Gas Cooktop, Microwave, Stainless Steel Appliance(s), Washer
  • Sq Ft Combined: 6167
  • Sq Ft Lower Floor: 1632
  • Total Sq Ft: 4535
  • Sq Ft Total Bsmt: 2176

Exterior Features

  • Roof Material: Asphalt
  • Pool: Yes
  • Foundation Details: Basement
  • Construction Materials: Brick, Stone
  • Exterior Features: Tennis Court, Club House, Whole House Generator, Lighting, Pool – Community
  • Foundation Materials: Poured
  • Frontage Feet: 100
  • Porch Type: Porch - Covered, Deck, Porch, Covered
  • Road Frontage Type: Paved, Pub. Sidewalk
  • Sideof Street: E
  • Fencing: Fence Not Allowed

Garage/Parking

  • Garage Size: 3 Car
  • Garage Features: Side Entrance, 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, Tankless
  • Water Source: Public (Municipal)
  • Laundry Facilities: Yes

Condo/Co-op/Association

  • HOA Fee Includes: Maintenance Structure, Maintenance Grounds
  • Association Fee Frequency: Quarterly
  • Phone: 248-349-2770/jsteudle@sentrymgt.com
  • Association Fee: 375
  • Association Contact: Sentry Management/islandlakeofnovi.org
  • Association Fee: Yes

Schools

  • School District: Novi

Lot Info

  • Homestead: Yes
  • Lot Features: Sprinkler(s)
  • Lot Size Area: 0.40
  • Lot Dimensions: 100x155x125x155
  • Parcel Number: 2219377095

Rental Info

  • Tenant Amenities: Fitness Center

Tax Info

  • Tax Amount Summer: 12363.0000
  • Tax Amount Winter: 2559.0000
  • Total Tax: 14922.0000
  • Taxable Value: 414350.0000

MLS Schools

  • School District: Novi

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2024
Closed on
Aug 22, 2024
Sold by
Blanchard Edward and Blanchard Kelly
Bought by
Mohamed Abu-Bekr
Seller's Agent
Jeff Duneske
Keller Williams Advantage Northville
Buyer's Agent
Teodora Djourova
Clients First, REALTORS®
List Price
$1,175,000
Sold Price
$1,175,000
Views
28
Current Estimated Value
$1,202,380

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,380
Avg. Annual Appreciation
-0.04%
Original Mortgage
$1,116,250
Outstanding Balance
$1,107,454
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$67,152

Purchase Details

Closed on
Dec 4, 2023
Sold by
Blanchard Kelly
Bought by
Blanchard Kelly

Purchase Details

Closed on
May 19, 2023
Sold by
Blanchard Edward
Bought by
Blanchard Edward and Blanchard Kelly

Purchase Details

Closed on
Jun 22, 2011
Sold by
Toll Mi Ii Limited Partnership
Bought by
Blanchard Edward and Blanchard Kelly

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
4.63%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Mohamed Abu-Bekr $1,175,000 Vanguard Title
Blanchard Kelly -- None Listed On Document
Blanchard Edward -- None Listed On Document
Blanchard Edward $717,515 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Abu-Bekr Mohamed $1,116,250
Previous Owner Blanchard Edward $389,300
Previous Owner Blanchard Edward $417,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2024 08/22/24 Sold $1,175,000 0.0% $259 / Sq Ft
07/21/2024 07/21/24 Pending -- -- --
07/18/2024 07/18/24 For Sale $1,175,000 -- $259 / 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 $12,957 $442,520 $0 $0
2022 $14,342 $394,620 $0 $0
2020 $12,167 $411,500 $65,500 $346,000
2015 -- $360,000 $0 $0
2014 -- $333,200 $0 $0
2011 -- $62,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jeff Duneske

    Seller's Agent in 2024

    Jeff Duneske

    Keller Williams Advantage Northville

    (248) 939-9393

    10 in this area

    258 Total Sales

    Jeff Duneske
    Section Image
  • Teodora Djourova

    Buyer's Agent in 2024

    Teodora Djourova

    Clients First, REALTORS®

    (313) 581-2500

    1 in this area

    220 Total Sales

    Teodora Djourova
    Section Image
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Map

Source: Realcomp

MLS Number: 20240048533

Realcomp

APN: 22-19-377-095

Michigan Oakland County Novi 48374 Island Lake

50884 Chesapeake Dr, Novi, MI

This home is located at 50884 Chesapeake Dr, Novi, MI 48374 since 18 July 2024 and is currently estimated at $1,202,380, approximately $265 per square foot. This property was built in 2011. 50884 Chesapeake Dr 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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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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