NOT LISTED FOR SALE

51133 Mayfair Terrace Unit 314 Novi, MI 48374

Estimated Value: $569,000 - $609,000

4 Beds
3.5 Baths
2,669 Sq Ft
$221/Sq Ft Est. Value

Last Sold November 14, 2022

Last sale price $500,000 $187 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $3,937/month

79 Days on Market

Highlights

  • Outdoor Pool
  • Colonial Architecture
  • 2 Car Attached Garage
  • South Lyon East High School Rated A-
  • Ground Level Unit
  • Forced Air Heating and Cooling System

About This Home

As of November 2022

North East Facing, Fabulous Home Features 4 Beds, 3.5 Baths, With Finished And Walk Out Basement And A 2 Car Garage, Open Concept Living Floor Plan With Fireplace, 2 Story Foyer, Formal Living, And Dining Area, Gourmet Kitchen With Granite Countertops, Plentiful Of Cabinet Space, Walk-In Pantry, Plus An Island! Stainless Steel Appliances, Backsplash. The kitchen is open from the nook and to the great room, creating a nice open flow with lots of natural light flooding in. The first-floor enclosed flex room may be used for the office or study room. Upstairs, you'll find 4 bedrooms, 2 full baths, a large loft space, and a laundry room for convenience! The Master bedroom features a massive walk-in closet and a private bathroom that includes a large tiled shower, Cozy Tub, 2 sinks, & a linen closet for extra storage, The home features a spacious composite deck, sprinkler system, and is situated in a family-friendly neighborhood, Minutes away from Schools, shopping, entertainment, and highways.A must-see!

Last Agent to Sell the Property

Hari Kakumanu

Community Choice Realty Associates, LLC License #6501392854 Listed on: 07/14/2022

Last Buyer's Agent

Praseeda Gangadharan

Remerica United Realty License #RCO-6501330991

Remerica United Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 2010

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 60x140

HOA Fees

  • $67 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 2,669 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Gas Fireplace
  • Great Room with Fireplace
  • Finished Basement
  • Sump Pump

Kitchen

  • Built-In Gas Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Sewer in Street

Additional Features

  • Outdoor Pool
  • Ground Level Unit

Listing and Financial Details

  • Assessor Parcel Number 2218101314

Community Details

Overview

  • Landarc Association, Phone Number (248) 377-9933
  • Knightsbridge Gate Condo Occpn 1797 Subdivision

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,870

Year Built

Built in 2010

Lot Details

0

HOA Fees

$67 per month

Listing Details

  • Property Type: Residential
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Assessment: 138.00
  • Year Built: 2010
  • State Equalized Value: 214550.0000
  • Foundation Features: Sump Pump
  • Entry Location: Ground Level
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Fireplace: Yes
  • Fireplace Fuel: Gas
  • Fireplace Locations: Great Room
  • Room Count: 15
  • Total Bedrooms: 4
  • Total Bathrooms: 3.10
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Finished
  • Kitchen Appliances: Built-In Gas Oven, Dishwasher, Disposal, Dryer, Free-Standing Refrigerator, Gas Cooktop, Microwave, Washer
  • Sq Ft Combined: 3949
  • Sq Ft Lower Floor: 1280
  • Total Sq Ft: 2669
  • Sq Ft Total Bsmt: 1320

Exterior Features

  • Pool: Yes
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: Pool – Community
  • Foundation Materials: Poured
  • Frontage Feet: 60
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: 2 Car
  • Garage Features: Attached
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Forced Air
  • Sewer: Sewer at Street
  • Water Source: Water at Street

Condo/Co-op/Association

  • Association Fee Frequency: Quarterly
  • Phone: 248-377-9933
  • Association Fee: 200
  • Association Contact: LANDARC
  • Association Fee: Yes

Schools

  • School District: South Lyon

Lot Info

  • Homestead: Yes
  • Lot Size Area: 0.13
  • Lot Dimensions: 60x140
  • Parcel Number: 2218101314

Tax Info

  • Tax Amount Summer: 6630.0000
  • Tax Amount Winter: 240.0000
  • Total Tax: 6870.0000
  • Taxable Value: 203390.0000

MLS Schools

  • School District: South Lyon

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2022
Closed on
Nov 14, 2022
Sold by
Yekolu Gopi
Bought by
Bhattar Sudha Madhurl
Seller's Agent
Hari Kakumanu
Community Choice Realty Associates, LLC
Buyer's Agent
Praseeda Gangadharan
Remerica United Realty
List Price
$549,900
Sold Price
$500,000
Premium/Discount to List
-$49,900
-9.07%
Views
106
Current Estimated Value
$589,834

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,834
Avg. Annual Appreciation
5.38%
Original Mortgage
$375,000
Interest Rate
7.08%

Purchase Details

Listed on
Nov 9, 2018
Closed on
Dec 5, 2018
Sold by
Mylavarapu Venkata and Devarakonda Prathima
Bought by
Yekolu Gopi
Seller's Agent
Neal Parikh
Choice Real Estate Services
Buyer's Agent
Hari Kakumanu
Community Choice Realty Associates, LLC
List Price
$414,900
Sold Price
$409,200
Premium/Discount to List
-$5,700
-1.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.20%
Original Mortgage
$368,280
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 26, 2014
Closed on
Aug 15, 2014
Sold by
Moldovan David M and Moldovan Heather
Bought by
Mylavarapu Venkata and Devarakonda Prathima
Seller's Agent
Paul Mruk
RE/MAX Classic
Buyer's Agent
Neal Parikh
Choice Real Estate Services
List Price
$375,000
Sold Price
$369,000
Premium/Discount to List
-$6,000
-1.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.43%
Original Mortgage
$350,550
Interest Rate
4.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 9, 2010
Sold by
Hunter Pasteur Homes Knightsbridge Llc
Bought by
Moldovan David M and Moldovan Heather

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,024
Interest Rate
4.25%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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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
Bhattar Sudha Madhurl $500,000 --
Yekolu Gopi $409,200 Paramount Title Agency Llc
Mylavarapu Venkata $369,000 None Available
Moldovan David M $45,000 Liberty Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bhattar Sudha Madhuri $372,000
Closed Bhattar Sudha Madhurl $375,000
Previous Owner Yekolu Gopi $366,400
Previous Owner Yekolu Gopi $368,280
Previous Owner Mylavarapu Venkata $341,000
Previous Owner Mylavarapu Venkata $350,550
Previous Owner Moldovan David M $287,024
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/14/2022 11/14/22 Sold $500,000 -4.7% $187 / Sq Ft
10/02/2022 10/02/22 Pending -- -- --
08/24/2022 08/24/22 Price Changed $524,900 -1.9% $197 / Sq Ft
08/02/2022 08/02/22 Price Changed $534,900 -2.7% $200 / Sq Ft
07/14/2022 07/14/22 For Sale $549,900 +34.4% $206 / Sq Ft
12/05/2018 12/05/18 Sold $409,200 -1.4% $153 / Sq Ft
11/16/2018 11/16/18 Pending -- -- --
11/09/2018 11/09/18 For Sale $414,900 +12.4% $155 / Sq Ft
08/15/2014 08/15/14 Sold $369,000 -1.6% $138 / Sq Ft
07/07/2014 07/07/14 Pending -- -- --
06/26/2014 06/26/14 For Sale $375,000 -- $141 / 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 $7,959 $233,820 $0 $0
2022 $7,271 $215,530 $0 $0
2020 $6,587 $210,900 $34,500 $176,400
2015 -- $163,150 $0 $0
2014 -- $150,100 $0 $0
2011 -- $25,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Hari Kakumanu

    Seller's Agent in 2022

    Hari Kakumanu

    Community Choice Realty Associates, LLC

    (248) 885-6244

    103 in this area

    526 Total Sales

    Hari Kakumanu
    Section Image
  • Praseeda Gangadharan

    Buyer's Agent in 2022

    Praseeda Gangadharan

    Remerica United Realty

    (248) 479-3748

    7 in this area

    55 Total Sales

    Praseeda Gangadharan
    Section Image

  • N

    Seller's Agent in 2018

    Neal Parikh

    Choice Real Estate Services

    Section Image
  • Paul Mruk

    Seller's Agent in 2014

    Paul Mruk

    RE/MAX of Southeast Michigan

    (248) 760-5008

    28 in this area

    285 Total Sales

    Paul Mruk
    Section Image
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Map

Source: Realcomp

MLS Number: 20221016372

Realcomp

APN: 22-18-101-314

Michigan Oakland County Novi 48374

51133 Mayfair Terrace Unit 314, Novi, MI

This home is located at 51133 Mayfair Terrace Unit 314, Novi, MI 48374 since 14 July 2022 and is currently estimated at $589,834, approximately $220 per square foot. This property was built in 2010. 51133 Mayfair Terrace Unit 314 is a home located in Oakland County with nearby schools including Ann L. Dolsen Elementary School, Centennial Middle School, and South Lyon East High School.

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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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