NOT LISTED FOR SALE

50900 Drakes Bay Dr Novi, MI 48374

Island Lake Neighborhood

Estimated Value: $1,036,000 - $2,138,000

4 Beds
4 Baths
5,839 Sq Ft
$290/Sq Ft Est. Value

About This Home

This home is located at 50900 Drakes Bay Dr, Novi, MI 48374 and is currently estimated at $1,694,426, approximately $290 per square foot. 50900 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
Nov 18, 2021
Sold by
Victory Trust
Bought by
Patel Sneha R and Patel Rajesh K
Current Estimated Value
$1,694,426

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,043,000
Interest Rate
2.33%
Mortgage Type
Balloon

Purchase Details

Closed on
May 29, 2015
Sold by
Patel Rajesh K and Patel Sneha R
Bought by
Patel Rajesh K and Victory Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 1, 2009
Sold by
Patel Rajesh K and The Rajesh K Patel Trust
Bought by
Patel Rajesh K and The Victory Trust

Purchase Details

Closed on
Apr 26, 2007
Sold by
Toll Mi Lp
Bought by
Patel Rajesh K and Patel Sneha R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.2%
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
Patel Sneha R -- None Listed On Document
Patel Rajesh K -- None Available
Patel Rajesh K -- None Available
Patel Rajesh K -- None Available
Patel Rajesh K -- Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Patel Sneha R $1,043,000
Previous Owner Patel Rajesh K $1,076,000
Previous Owner Patel Rajesh K $1,200,000
Previous Owner Patel Rajesh K $1,237,362
Previous Owner Patel Rajesh K $1,000,000
Previous Owner Patel Rajesh K $393,800
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 $21,419 $938,420 $0 $0
2022 $23,670 $872,050 $0 $0
2020 $19,278 $805,650 $166,000 $639,650
2015 -- $881,150 $0 $0
2014 -- $824,650 $0 $0
2011 -- $530,950 $0 $0
Source: Public Records

Map

Michigan Oakland County Novi 48374 Island Lake

50900 Drakes Bay Dr, Novi, MI

This home is located at 50900 Drakes Bay Dr, Novi, MI 48374 and is currently estimated at $1,694,426, approximately $290 per square foot. 50900 Drakes Bay Dr is a home located in Oakland County with nearby schools including Novi High School, Deerfield Elementary School, and Novi Middle School.

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