For Sale
1815 E Lake Drive, Novi, MI 48377
$955,000
MLS # 20261025529 (Realcomp)
2 beds1 bath891 sqftBuilt 19400.29 acres
1 / 32
Listing Description
Direct all inquiries to Steve (co-lister). Welcome to your dream location. Take advantage of this unheard of amount of space (a combination of 5 1/2 lots) with water frontage on Walled Lake (a large, private, all-sports lake). This highly desired community does not pop up often, and for good reason. Directly adjacent to Novi’s Pavilion Shore Park, reap the benefits of ample free parking, a large playground, walking trails, and community events like morning yoga right outside your window. Lakeshore Park, another Novi highlight featuring fantastic mountain bike trails, sand volleyball courts, a large party shelter, and a great beach, is just a short walk away.This 2 bed, 1 bath home is newly remodeled, with a brand new kitchen, bathroom and roof. It is a perfect secondary lake property, investment opportunity to rent out, or tear down to take advantage of the combined lots and build your dream home! This property is being sold with heavy emphasis on the community, history, location, lot space, and water frontage. Price is firm, the seller still has a dream for this property - this is the price at which they will put their dreams aside for your own.*So as not to arbitrarily inconvenience the tenant, pre-approval/proof of funds is required prior to showing. **NO EXCEPTIONS**
Source: SparkMLS
About this home
This 2-bedroom, 1-bath, 891 sq ft home built in 1940 sits in Novi in Novi.
Asking $955,000 (about $1,072/sq ft).
Estimated annual property tax: $11,168, or about $931 monthly. Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by DTE Electric Company; natural gas by Consumers Energy Company.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms2
Bathrooms1
Living Area891 sqft
Lot Size0.29 acres
Year Built1940
Stories2
Location
CityNovi
MunicipalityNovi Twp
Zip Code48377
CountyOakland
School DistrictWalled Lake
Construction & Systems
ConstructionWood Siding
BasementCrawl Space
HeatingBaseboard
WaterPublic
SewerPublic
Sale & Financing
Listed4/14/2026
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$11,168
Parcel #2202356003
Source: SparkMLS
Legal Description
T1N, R8E, SEC 2 CHAPMAN WALLED LAKE SUB LOTS 80, 81 & 82 12-19-23 FR 002, 003 & 004
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Larry Klavitter
KW Showcase Realty
Frequently Asked Questions about 1815 E Lake Drive, Novi, MI 48377
Which school district serves 1815 E Lake Drive, Novi, MI 48377?
Per MLS# 20261025529, 1815 E Lake Drive, Novi, MI 48377 is in the Walled Lake boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Walled Lake directly to confirm enrollment eligibility.
What financing options are available for 1815 E Lake Drive, Novi, MI 48377?
Per MLS# 20261025529, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 1815 E Lake Drive, Novi, MI 48377?
Per public tax records, annual property taxes for this property are $11,168. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 1815 E Lake Drive, Novi, MI 48377 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
Is 1815 E Lake Drive, Novi, MI 48377 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 1815 E Lake Drive, Novi, MI 48377?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: Consumers Energy Company. Sewer: Public. Water: Public. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Oakland County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
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Monthly payment$6,194
Principal & interest$6,194
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
1815 E Lake Drive, Novi, MI 48377
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Municipality
Novi
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County
Oakland County
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