NOT LISTED FOR SALE

50950 Chesapeake Dr Unit 193 Novi, MI 48374

Island Lake Neighborhood

Estimated Value: $1,218,299 - $1,303,000

5 Beds
4.5 Baths
4,666 Sq Ft
$272/Sq Ft Est. Value

Last Sold May 05, 2017

Last sale price $775,000 $166 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $7,834/month

208 Days on Market

Highlights

  • Tennis Courts
  • Outdoor Pool
  • Clubhouse
  • Novi High School Rated A+
  • Colonial Architecture
  • Deck

About This Home

As of May 2017

SPACIOUS BEAUTIFUL ISLAND LAKE COLONIAL ON LARGE PREMIUM LOT BACKING TO WETLAND. THIS HOME OFFERS ROOM TO SPARE & PLENTY OF UPGRADES. THE SPECTACULAR 2 STORY ENTRY FEATURES A DOUBLE STAIRCASE AND PLENTY OF NATURAL LIGHT. HUGE GOURMET KITCHEN W/GRANITE COUNTERS, BUILT-IN OVENS & STOVE TOP. OFF OF THE KITCHEN IN THIS OPEN FLOOR PLAN IS A SPACIOUS FLORIDA ROOM AS WELL AS A LARGE BREAKFAST AREA. BOTH OF THESE INCLUDE DOORS TO THE WOOD DECK OVERLOOKING A LARGE PAVER PATIO & THE WETLAND. THE MASTER SUITE INCLUDES A SITTING ANTEROOM W/ENORMOUS BATH, JETTED TUB, & HIS & HER VANITIES. OTHER BEDROOMS INCLUDE A PRINCESS SUITE & A JACK & JILL BATHROOM. THE FINISHED WALK OUT LOWER LEVEL FEATURES PLENTY OF REC AREA, 2ND COMPLETE KITCHEN, FULL BATH, BEDROOM, PLUS AN ADDED LARGE LAUNDRY ROOM. ISLAND LAKE OFFERS CLUBHOUSE FACILITIES, POOL, WALKING TRAIL, & TENNIS COURTS. HOME IS LOCATED JUST MINUTES FROM RETAIL, E-WAYS, & AWARD WINNING NOVI SCHOOLS

Last Agent to Sell the Property

Jamey Kramer

RE/MAX Classic License #6501261596 Listed on: 07/28/2016

RE/MAX Classic

Last Buyer's Agent

Tanji Grant

Keller Williams Advantage License #6501289763

Keller Williams Advantage

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 2010

Lot Details

  • 0.38 Acre Lot
  • Lot Dimensions are 181x143x43x150
  • Corner Lot

Home Design

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

Interior Spaces

  • 4,666 Sq Ft Home
  • 2-Story Property
  • Sound System
  • Ceiling Fan
  • Gas Fireplace
  • Great Room with Fireplace

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Jetted Tub in Primary Bathroom

Basement

  • Walk-Out Basement
  • Sump Pump

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Outdoor Features

  • Outdoor Pool
  • Wetlands on Lot
  • Tennis Courts
  • Deck
  • Patio
  • Exterior Lighting
  • Porch

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 2219377091

Community Details

Overview

  • No Home Owners Association
  • Island Lake Orchards Condo Subdivision

Amenities

  • Clubhouse

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,828

Year Built

Built in 2010

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Year Built: 2010
  • Foundation Features: Sump Pump
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available, High Spd Internet Avail, Humidifier, Jetted Tub, Sound System
  • Fireplace: Yes
  • Fireplace Fuel: Gas
  • Fireplace Locations: Great Room
  • Room Count: 24
  • Total Bedrooms: 5
  • Total Bathrooms: 4.10
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Walkout Access
  • Kitchen Appliances: Dishwasher, Disposal, Microwave, Range/Stove
  • Sq Ft Combined: 6666
  • Sq Ft Lower Floor: 2000
  • Total Sq Ft: 4666
  • Sq Ft Total Bsmt: 2574

Exterior Features

  • Roof Material: Asphalt
  • Pool: Yes
  • Foundation Details: Basement
  • Construction Materials: Brick, Vinyl
  • Exterior Features: Club House, Lighting, Pool – Community, Tennis Court
  • Foundation Materials: Poured
  • Frontage Feet: 181
  • Porch Type: Deck, Patio, Porch
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: 3 Car
  • Garage Features: Attached, Door Opener, Electricity
  • 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)
  • Laundry Facilities: No

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Novi

Lot Info

  • List Price per Acre: 2105263.1579
  • Lot Features: Corner Lot, Wetland/Swamp
  • Lot Size Area: 0.38
  • Lot Dimensions: 181x143x43x150
  • Parcel Number: 2219377091

Tax Info

  • Tax Amount Summer: 13217.0000
  • Tax Amount Winter: 4611.0000
  • Total Tax: 17828.0000

MLS Schools

  • School District: Novi

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 22, 2023
Sold by
Irani Farhang B and Irani Sabeena
Bought by
Irani Revocable Trust and Irani
Current Estimated Value
$1,267,575

Purchase Details

Listed on
Jul 28, 2016
Closed on
May 5, 2017
Sold by
Liao Jen Chih and Shen Ruey Min
Bought by
Irani Sabeena Farhang
Seller's Agent
Jamey Kramer
RE/MAX Classic
Buyer's Agent
Tanji Grant
Keller Williams Advantage
List Price
$875,000
Sold Price
$775,000
Premium/Discount to List
-$100,000
-11.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.98%
Original Mortgage
$620,000
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 29, 2010
Sold by
Toll Mi Ii Limited Partnership
Bought by
Liao Jen Chih and Shen Ruey Min
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
Irani Revocable Trust -- None Listed On Document
Irani Farhang B -- None Listed On Document
Irani Sabeena Farhang $775,000 Title One Inc
Liao Jen Chih $657,270 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Irani Sabeena Farhang $620,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/05/2017 05/05/17 Sold $775,000 -3.1% $166 / Sq Ft
02/21/2017 02/21/17 Pending -- -- --
10/03/2016 10/03/16 Price Changed $800,000 -8.6% $171 / Sq Ft
07/28/2016 07/28/16 For Sale $875,000 -- $188 / 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 $13,597 $464,440 $0 $0
2022 $15,047 $414,200 $0 $0
2020 $12,488 $431,900 $65,500 $366,400
2015 -- $373,650 $0 $0
2014 -- $345,900 $0 $0
2011 -- $62,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jamey Kramer

    Seller's Agent in 2017

    Jamey Kramer

    RE/MAX of Southeast Michigan

    (248) 348-7200

    27 in this area

    247 Total Sales

    Jamey Kramer
    Section Image
  • Tanji Grant

    Buyer's Agent in 2017

    Tanji Grant

    Keller Williams Advantage

    (248) 345-3434

    57 Total Sales

    Tanji Grant
    Section Image
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Map

Source: Realcomp

MLS Number: 216074644

Realcomp

APN: 22-19-377-091

Michigan Oakland County Novi 48374 Island Lake

50950 Chesapeake Dr Unit 193, Novi, MI

This home is located at 50950 Chesapeake Dr Unit 193, Novi, MI 48374 since 28 July 2016 and is currently estimated at $1,267,575, approximately $271 per square foot. This property was built in 2010. 50950 Chesapeake Dr Unit 193 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
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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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